Off-chain Avalanche staking on centralized exchanges (CEXs) doesn’t have very high returns. But, the safety of funds and convenience of having coins available for trading are good perks to consider AVAX staking.
To help you increase your spot holdings, we took an in-depth look at AVAX staking offers on popular exchanges. Here’s our comparison.
| Exchange: | Flexible APY: |
|---|---|
| Binance | 0.22% |
| BingX | 2.00% |
| Bybit | 1.50% |
| KuCoin * | 5.00% |
| Bitget | 1.80% |
| XT | 1.50% |
| Gate | 0.88% |
| HTX | 0.30% |
| Poloniex | 0.25% |
| CoinW | 0.20% |
On KuCoin, AVAX has a 14-day unstaking period. Without this redemption period, APY is 1,14%. You can redeem your funds from staking at any time to get your accumulated interest, but you are unable to trade with your tokens during the redemption period. This can be inconvenient for investors who want to frequently trade their coins.
All other APYs listed are for flexible staking. Flexible staking means you can withdraw or use your AVAX coins (including accumulated interest) at any time without penalties or fees.
Is staking AVAX worth it?
Because of flexible durations, Avalanche staking on exchanges comes with virtually no risk. You can unstake, trade and withdraw your AVAX tokens at any time. Even for frequent traders, staking can be a way to get extra income.
Biggest downside to staking Avalanche is low returns. AVAX gives you significantly lower yields compared to many other coins and tokens on the market. Best you can get right now is BingX‘s 2% and Bitget‘s 1,80% APY.
Nevertheless, if you are invested in AVAX and plan to hold for a longer duration, there is no downside to getting extra income from staking, regardless of amounts.
AVAX staking returns calculator
You are welcome to use our calculator for a basic estimate of potential AVAX staking returns.
Because it’s impossible to predict AVAX/USD price in the future, our tool only estimates USD returns. If you expect AVAX price to be even higher in the future, your earnings could end up being much higher.
On-chain vs. CEX staking
At the time of writing this, staking Avalanche on decentralized protocols has an average APY of 8,49%. This is much higher than CEXs currently offer. However, staking on-chain has its own drawbacks: shady dApps, rug pulls, scams, compromised wallets and many other risks can be scary for inexperienced investors.
Staking on CEXs is typically far safer and has practically no risk. Most centralized exchanges have insurance and protection funds, ensuring the safety of principal funds and interest.
A few things to remember:
- Savings, staking or earn programs are usually not available in US and Canada. Check each exchange to ensure this is the case. Alternatively, you can use exchanges without KYC to bypass regional restrictions.
- APY varies frequently by small percentages, you should confirm current rates with each exchange. 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,
Despite AVAX staking having low returns, many bag holders opt into getting additional interest. Participating in staking can provide you with free AVAX tokens with almost no risk.
