Bitcoin staking is available on some platforms, but the process is not direct because it is a Proof-of-Work (PoW) consensus asset. eToro is becoming a sought-after platform for staking crypto assets like Ethereum 2, Cardano, and TRON. Trading is not everyone’s cup of tea, and the highly volatile cryptocurrency market increases the risk of losing all the invested funds. Nonetheless, the crypto industry has grown to encompass a myriad of ways for investors to earn. Hence, trading with crypto signals is just one of these numerous methods of helping market participants fill their crypto bags. In line with that, staking has become one of the most secure and trusted ways of earning passively. The process requires holders to lock up tokens on proof of stake (PoS) blockchains, where they get rewarded in the same tokens. As discussed in the 3 Best Crypto Staking Platforms 2021, staking allows ordinary people (in this case, holders) to take part in securing the network. Users can stake directly on the blockchain, for example, the Ethereum 2.0 staking. However, some platforms offer staking as a service indirectly to investors, for instance, eToro. Note that direct staking is a bit complex and requires a considerable investment. Ethereum 2.0 staking needs a minimum of 32 ETH, and the user will operate a node. Therefore, centralized staking platforms have made the staking process readily available to everyone regardless of the tokens held. Moreover, it is the best way to kick-start your staking activities while learning the ropes. Bitcoin Staking On Kraken Owning Bitcoin should not be the end of it; you can grow your holdings by utilizing the staking service on the Kraken exchange. Kraken is a top ten cryptocurrency exchange, coming seventh after Binance US. According to live market data by CoinGecko, Kraken’s daily trading volume (normalized) currently averages at $1 billion. The exchange offers a dozen assets for staking, including some fiat currencies. Users are allowed to compound the rewards, thus growing their holdings further. Bitcoin staking on Kraken has been made simple, with the investors only carrying out a few simple steps. After buying Bitcoin from Kraken, eToro, or other exchanges, users will fund the Kraken accounts. Staked BTC on the platform makes users eligible to receive rewards twice per week from the PoS process. Bitcoin Staking on Kraken Staking On eToro Staking might be the most risk-free way of growing cryptocurrency holdings but is not for everyone. Platforms like eToro, which are essentially buy and sell service providers, have removed the complexity of staking. It is worth noting that staking is a long-term accumulation strategy that HODLers can employ to grow investments. At the launch of the staking service on July 20, 2021, the CEO and founder of eToro, Yoni Assia, stated: “Staking is an important development in the crypto market, but it’s difficult for people to access its benefits on a secure platform, which is what we’re enabling our global community of investors to do by offering this new service. Clients staking on eToro benefit from doing so on a regulated and globally trusted platform. We also believe staking rewards on our platforms are among the most generous in the market, from a minimum of 75% of the staking yield.” Looking to buy, trade or stake crypto now? Invest at eToro! Start Crypto Staking on eToro Your capital is at risk At the moment, crypto-assets supported for staking on eToro, include Cardano (ADA), TRON (TRX), and Ethereum 2 (ETH2). Bitcoin is not currently supported, perhaps because it is a Proof-of-Work (PoW) coin. However, with platforms like Kraken already supporting BTC staking, the situation might change in the future. Crypto Staking on eToro Before going into staking, holders must know that the locked funds are not available for transfer until the chosen period lapses. eToro distributes rewards to users once every month while the process is automated and completely on-chain. Investors can also compound their rewards every month. Staking with eToro is an attractive staking platform because of its safety. Moreover, the exchange has free insurance for all account holders of up to 1 million euro/GBP/AUD. Furthermore, eToro is recognized globally as a multi-asset trading platform. Users do not relinquish their rights to the staked coins. eToro only executes the process on their behalf. Staking Bitcoin On OKEx Like eToro, OKEx does not support staking Bitcoin. However, there is a twist to this, provided you buy or hold BTC on the exchange. In addition to staking, OKEx has a feature referred to as C2C Loan. Here, holders are allowed to borrow Tether (USDT) using Bitcoin as collateral. The user has the right to convert USDT to a PoS crypto asset and stake to earn rewards. In this case, Bitcoin remains safe while the investor makes passive income on the C2C Loan. According to OKEx Academy: “Right now, we accept Bitcoin (BTC) as collateral and Tether (USDT) as the loan currency (more assets will be supported in the future). That means borrowers can hold their BTC and take on USDT to support their trading strategies and financial needs, while investors can utilize their USDT to earn passive income at good interest rates.” Staking on OKEx is relatively straightforward. Users are supposed to choose a staking pool with the desired interest on the staked assets. The longer coins are staked, the more reward earned. It is essential to look at the ROIs on your staked assets before committing to the pool. Looking to buy, trade or stake crypto now? Invest at eToro! Start Crypto Staking on eToro Your capital is at risk John Isige John Isige John is a renowned cryptocurrency technical analyst and journalist. Having worked for leading crypto/Forex news outlets such as FXStreet, Coingape, and Trading Education, John's knowledge of the market is outstanding. he carefully delivers analysis pieces combining both on-chain and technical data to provide a profound outlook of the market. Follow him on Twitter @jjisige View All Post By John Isige Crypto News share Read Next USD/CAD Price Tumbles to1.26, Greenback Weakens After Powell Saqib Iqbal 1 year Bitcoin staking is available on some platforms, but the process is not direct because it is a Proof-of-Work (PoW) consensus asset. eToro is becoming a sought-after platform for staking crypto assets like Ethereum 2, Cardano, and TRON. Trading is not everyone’s cup of tea, and the highly volatile cryptocurrency market increases the risk of losing all the invested funds. Nonetheless, the crypto industry has grown to encompass a myriad of ways for investors to earn. Hence, trading with crypto signals is just one of these numerous methods of helping market participants fill their crypto bags. 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