Where to stake ApeCoin(APE) tokens and earn passive income? In this guide an exclusive view on the best places to stake ApeCoin crypto!
Over the past decade, we have witnessed the rise of cryptocurrencies and decentralized networks. Also, you may have witnessed the high volatility which is second nature for these very young assets. From an investor’s perspective, this was a good reason to stay away from these very risky markets.
As a result of this, the Ethereum blockchain introduced a new way for investors to earn a passive income by holding coins. Moreover, this is a very popular concept that attracts a lot of new investors trying to earn passive income with the cryptocurrency markets. Imagine, just the idea of earning additional crypto’s on your bags altogether with high yields makes them willing to take the step into this new industry.
The concept I’m talking about is called staking which in short allows cryptocurrency holders to earn additional cryptocurrency with low risk.
On top of that, there is ApeCoin staking. Simply a phenomenal way to generate yield on idle coins. To earn interest, all you need to do is deposit your tokens. This guide on the best places to stake ApeCoin will explore the easiest ways to stake ApeCoin in any country you reside in.
Best Places To Stake ApeCoin
- Binance – Best exchange for beginners
- MyContainer – Growing crypto staking platform
- Nexo – Reliable crypto lending platform
- OKX exchange – Best exchange in Asia
- Bitpanda – Best exchange for staking in the EU
What is ApeCoin and what makes ApeCoin unique?
ApeCoin (APE) gets its name from the popular NFT collection called “Bored Ape Yacht Club”, which features various cartoon ape characters with different traits and accessories. These NFTs gained significant attention in the crypto community, with some selling for millions of dollars.
ApeCoin is related to the Bored Ape Yacht Club NFTs because it was created by a group of crypto enthusiasts. Most of them were inspired by the idea of a community-driven project that mirrors the ethos of the Bored Ape Yacht Club. Particularly, the ApeCoin project is built on the principle of community governance, where every member has an equal say in the direction and development of the project.
The ApeCoin Community
The ApeCoin community also has ties to the Bored Ape Yacht Club community, with many members being avid collectors of the NFTs. This connection between ApeCoin and the Bored Ape Yacht Club NFTs has helped to create a strong sense of community around ApeCoin. With many investors see it as a natural extension of their interest in NFTs.
Overall, ApeCoin’s name and connection to the Bored Ape Yacht Club NFTs have helped to create a unique identity for the project. This attracts a dedicated following of investors and crypto enthusiasts who share a passion for community-driven projects and the potential of blockchain technology.
|🔔 If you own some high-value NFTs and want to know if you can earn a passive income with them. Try reading this article: where to stake NFTs.|
How does Staking ApeCoin work?
Staking ApeCoin is a process that involves holding ApeCoin in a wallet and locking them up for a specific period. By doing so, users contribute to the network’s security, as the locked tokens are used as collateral to verify transactions and create new blocks.
Since the start of 2023, you can earn high yields on ApeCoins issued by ApeCoin DAO. At the moment there are several places to stake ApeCoin alone and those who stake ApeCoin with BAYC, MAYC, and Bored Ape Kennel Club NFTs. Notably, APYs are projected to be significantly higher for those who stake ApeCoin alongside an NFT.
Staking APE is a great way to make passive income in APE without losing possession of the underlying crypto. Moreover, if the value of APE increases while you are staking it, you are essentially double-dipping on returns. This isn’t without risk, however. Remember, there is always a risk of vulnerabilities in the staking contract or using Web3 wallets that are relatively new.
As a result, this blog post will show you the way in earning high yields at lower risk.
Best Platforms to stake ApeCoin: Comparison
To continue, this comparison guide provides an overview of where to stake ApeCoin to earn rewards and a passive income. The research is based on assessing the platform’s features, estimated annual yield, staking type, and level(crypto user).
|Binance||18 – 62%||Flexible+Locked||easy|
|OKX||15 – 18%||Flexible+Locked||easy|
|Nexo||11 – 13%||Flexible||easy|
|Bitpanda||50 – 70%||Locked||easy|
|MyContainer||77 – 82%||Locked||medium|
Take note that flexible staking allows you to stop or un-stake your coins at any time, where you remain in full control over the funds. Locked staking, instead, transfers your coins to a separate pool where you lock them up for a certain period. When this staking period ends, the coins including additional rewards, will be redeemed and transferred back to your wallet.
Staking ApeCoin(APE) at Cryptocurrency Exchanges
If you already have an account at Binance or OKX and practice some cryptocurrency trading already, then the easiest way would be to start staking APE there. Below I’ll explain the options you have for staking ApeCoin on the most popular exchanges in the world.
Based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Also, it has millions of cryptocurrency traders using its platform on a daily basis. Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.
Trading a Binance can be done with almost zero fees(0.075%) and you can use this link when signing up. It will give you an additional 10% discount on fees for life 🙂
At the time of writing, Binance offers 50(+) staking products such as APE for its users to enjoy free staking rewards by simply depositing and holding coins on Binance. Moreover, there are no fees involved when staking APE tokens on Binance.
POS staking APE at Binance
|Locked(10 – days)||16.91%|
|Locked(60 – days)||36.91%|
|Locked(120 – days)||61.91%|
Steps to start staking ApeCoin on Binance
To start with staking ApeCoin(APE) at Binance, follow these steps:
- Create a free account at Binance
- Navigate to ‘EARN’ at the top menu and choose ‘Binance Earn’
- Enter APE in the Dropdownlist(just below ‘Binance Earn‘ header)
- If you don’t have APE funds in your wallet ‘Market buy’ some or deposit
- Click ‘Subcribe’ button and store APE tokens here
Okex is a trading platform specializing in cryptocurrencies and has its headquarters in Beijing. Besides delivering service for Bitcoin exchanges and trades, the platform is also a payroller and lending app for retailers.
Particularly, OKX exchange is part of the bigger Okcoin consortium that specialized in online futures trading. In 2018, Okcoin migrated its futures platform with cryptocurrencies which resulted in the Okex platform. One of the big benefits of this Okcoin migration is that OKX has strong liquidity in BTC/USD and LTC/USD trading pairs.
OKX is a popular platform to stake APE
Okcoin maintains two leading entities, whereby one has its focus on the Chinese internal market. In addition, the other entity has a broader focus aimed at the global market and has its headquarters in Hong Kong.
Okex and Okcoin together are one of the bigger cryptocurrency exchanges in the world. For instance, if you take a look at their trading volume which exceeds 4.8 billion US dollars in just 24 hours.
At the time of writing, OKX offers 50(+) staking products such as APE for its users to enjoy free staking rewards by simply depositing and holding coins on their platform. Moreover, there are no fees involved when staking APE tokens on OKX.
Steps to start staking ApeCoin at OKX
- Create a free account at Okex
- Navigate to ‘Grow’ at the top menu and choose ‘Staking’
- Scroll a bit down and enter APE symbol in the search bar
- Now click the select button
- Choose the appropriate staking period and click ‘Subscribe‘
- Finally, enter the amount of APE and click ‘Continue’
- ApeCoin staking should start immediately
Bitpanda is a cryptocurrency exchange based in Vienna, Austria, that was founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer. The platform was originally known as Coinimal and was primarily focused on the European market. In 2016, the company rebranded to Bitpanda and expanded its services to include users worldwide.
Since then, Bitpanda has become one of the leading cryptocurrency exchanges in Europe and has attracted over 1 million users since its launch. The platform is regulated by the Austrian Financial Market Authority (FMA) and is fully compliant with EU regulations.
Bitpanda offers a variety of services to users, including buying and selling cryptocurrencies, trading them against other cryptocurrencies and fiat currencies, and storing them in a digital wallet. The platform currently supports a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, as well as precious metals like gold and silver.
How to Stake ApeCoin at BitPanda
To start staking APE at BitPanda follow the following steps:
- Create a free account at Bitpanda
- Deposit some APE coins or market buy them
- Go to Dashboard and click Start staking button
- Choose ApeCoin from the list and start staking
Staking ApeCoin at other places
Next, some good alternatives in places where you can stake ApeCoins as well. Maybe you are already an advanced crypto user and willing to take some extra risk with these coins.
Nexo is a digital platform that allows users to earn interest on their cryptocurrency and other digital assets. It was launched in 2018 and has quickly become one of the most popular platforms in the cryptocurrency lending and borrowing space.
Overall, here is how earning interest works on Nexo:
- Deposit your digital assets: To start earning interest on Nexo, you first need to deposit your digital assets on the platform. Nexo accepts a variety of cryptocurrencies, stablecoins, and fiat currencies.
- Choose your interest rate: Once you have deposited your assets, you can choose to earn interest on them by selecting an interest rate. Particularly, this depends on the amount you deposited and the level you have on the platform(Base, Silver, Gold or Platinum).
- Earn daily interest: Once you have selected your interest rate, Nexo will start paying you interest on your assets every day. The interest is credited directly to your Nexo account, and you can withdraw it at any time.
- No lock-up periods: Unlike some other platforms, Nexo has no lock-up periods. This means you can withdraw your assets and interest earnings at any time without any penalty.
- Additional benefits: In addition to earning interest, Nexo offers other benefits to its users, including a credit line that allows you to borrow against your assets, a crypto-backed debit card, and an affiliate program that allows you to earn additional income by referring friends to the platform.
Ultimately, Nexo is a simple and user-friendly platform that allows you to earn interest on your digital assets with competitive rates and no lock-up periods.
Earn interest with ApeCoin on Nexo
Open an account for free at Nexo and you can go. Additionally, just Top-up(deposit) APE to the Nexo platform, and the earnings will start automatically.
MyContainer is a staking platform that offers a wide range of promising assets beyond just Bitcoin and Ethereum. With over 100 coins available for purchase and exchange, MyContainer provides an opportunity for investors to get in on the ground floor of new and emerging cryptocurrencies.
Whether you’re a seasoned crypto investor or just getting started, MyContainer offers a range of resources and support to help you achieve your financial goals. The platform offers everything from giveaways and airdrops to advanced trading tools and educational resources, making it easy to get started and grow your crypto portfolio.
All in all, it’s a community of like-minded investors where anyone can start earning passive income through cryptocurrency.
For staking ApeCoin and earning rewards, you first must create an account on the platform and after that simply deposit funds here.
Conclusion: Is staking ApeCoin worth it?
Staking ApeCoin is currently a very popular method among crypto enthusiasts to generate passive APE income with zero risks. In this guide in which I covered where to stake ApeCoin in greater detail, I also compared the different platforms in terms of rewards and lock-up periods.
Staking APE will generate new ones. Moreover, this crypto coin is a rising asset in terms of value where even holding a small amount can make a difference in the long run.
All in all, whatever option you decide to choose, staking APE is a perfect solution for you to earn additional cryptocurrency while you sleep.
Related: How to buy ApeCoin on Metamask
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