Algorand is one of those popular crypto tokens that doesn’t have great staking returns. Nevertheless, if your spot bags include ALGO, there’s no reason not to make the most of it.
We did the research and found five centralized exchanges that offer Algorand staking. Here’s the list:
| Exchange: | Flexible APY: |
|---|---|
| Binance | 0.12% |
| Bybit | 1.50% |
| CoinEx | 0.29% |
| Gate | 0.88% |
| KuCoin | 0.19% |
| XT | 0.90% |
All these exchanges provide flexible duration staking. You are free to un-stake at any time without restrictions or added fees, and your ALGO will be immediately available for trading. You also get to keep any accumulated interest.
Best exchange for ALGO staking
Currently, the best Algorand staking return is on Bybit. This massively popular exchange has by far the highest annualized yield at 1.5%.
Bybit is considered very safe and reliable, so it’s a great place to park your Algorand holdings for safekeeping. The interest isn’t going to make you rich, but can be sufficient to offset some trading fees, and get your investment a little bit quicker.
Is staking Algorand worth it?
Compared to many other altcoins, ALGO staking is not profitable. Most traders will be able to make more than 1.5% a year with a few good trades. But, if you hold $ALGO long term and don’t want the risk of selling it too early, then there’s no reason not to take advantage of any yields.
Don’t forget that because of flexible staking, you can unstake your ALGO coins at any time. In case of sudden price increases, you can always aim to earn more with trading.
ALGO staking calculator
To estimate your potential earnings, you are welcome to use our calculator.
Remember, yields will be in ALGO, not USD. If you expect Algorand’s price to appreciate, your final earnings can be higher.
Keep this in mind:
- Savings and staking may not be available in all countries or territories. United States or Canada are often excluded from staking. Check the details of each exchange to ensure staking is available in your country.
- Alternatively, you can use crypto exchanges without KYC to bypass regional restrictions.
- APY we listed should always be confirmed with exchanges. We excluded temporary promotional rates, new user bonus yields, or other temporarily available rates. Yields displayed in the table are average and available to all customers.
Most centralized exchanges have fund insurance and protection safeguards, ensuring the safety of invested assets and interest. Staking on CEXs has fewer risks compared to staking on-chain through your own wallets.
Despite ALGO staking having low returns, many bag holders opt into getting additional interest. Participating in staking can provide you with free ALGO tokens with almost no risk.
