Staking and crypto savings accounts are two super simple ways to grow your hard-saved crypto. And, the best part is that you can set it all up in less than 10 minutes.

Now that we know what that is, let's get into the details of why and how you can start getting your crypto working for you.

Grow your crypto with Staking

If you have a cryptocurrency that allows staking then you can stake some of your crypto holdings and earn a fixed percentage over time.

This is usually through a staking pool that you can consider similar to an interest-bearing savings account.

The reason you get rewards when staking on your crypto is that the blockchain puts it to work.

Cryptocurrencies that allow staking use a mechanism named Proof of Stake, the way they ensure that all transactions are verified and secure without banks or payment processors going between them.

Your crypto will also become a part of that process if you choose to stake your crypto funds as well.

Staking works with tokens made with proof of stake protocols, some of them are Ethereum, Algo, and Cardano.

Since Bitcoin is based on proof of work protocol it cannot be staked, but if you have Bitcoin and want to earn with it, don’t be sad because the other way is perfect for growing a Bitcoin fund.

Staking is like mining where you have to contribute to the ongoing efficiency and security of the blockchain projects into which you have chosen to put your investment and earn some rewards as well.

It looks simple and it is absolutely easy to get into. You can usually do this through a Project Wallet, in which you have some crypto, or some of the larger platforms such as Crypto Bank, Coinbase, Binance, and Kraken.

Save and Earn with a Crypto saving account

Yes, there are saving accounts for crypto as well. If you've ever used a savings account from a traditional bank, you know the process.

You hold money in an account for a fixed or flexible period, and you will earn interest from the bank on your savings and remain in service.

As always, this is not risk-free and I suggest you always do your own research and be very specific about which service you want to use to stake your assets.

Crypto savings accounts work in exactly the same way but they offer better interest rates. With certain services, you can expect to earn up to 12% interest on your hard-earned coins.

Here are some of the popular platforms that are offering crypto saving accounts.

1. Crypcoinbank

2. Celsius

3. Nexo

4. Block-Fi

There are many more, but these are the biggest players having great track records in the industry along with good reviews.

However, don’t get into the traps of scammers who are trying to get your attention with a too good to be the true interest rate.

Conclusion

There are many ways to earn with your crypto holding but these two are getting popular these days.

These platforms are easy to use and also offer robust security and decent returns.

Choose one of these ways and you can easily deposit your funds, which were getting wasted in your wallet, and start earning with them.

So, don’t waste your valuable time and investment and stake your funds or open a crypto saving account now!