7 Best Crypto Staking Platforms in Canada in 2025 Finder

Find out which platforms made our list of the best places to stake crypto so you can put your assets to work.

Our top picks for the best crypto staking and rewards platforms to help you earn yield on your digital assets.

These platforms can help you earn crypto via staking, lending and decentralized finance (DeFi).

  • Best crypto staking platform overall: Bitget

  • Best crypto staking platform for advanced users: Kraken

  • Best for crypto spenders who want to earn yield: Crypto.com

  • Best for staking crypto on a regulated, insured platform: Coinsquare

  • Best crypto staking platform for beginners: Bitbuy

  • Best for staking crypto on a large, established platform: Coinbase

How we chose the best crypto staking platforms in Canada

We reviewed data from 10+ different cryptocurrency staking and lending platforms to identify the best staking platforms in Canada. When assessing each platform, we looked at:

  • Supported assets. We reviewed the number and quality of digital assets available for staking.

  • Yield. How is yield generated and how much can users potentially earn?

  • User experience. We rewarded platforms that provide an easy, user-friendly experience and a range of convenient features.

  • Security & transparency. What security practices does the platform follow? Is it transparent about its practices, insurance, risk mitigation and how yield is generated?

  • Regulation. We only considered platforms that are registered with provincial/territorial securities regulators and/or the Canadian Securities Administration (CSA).

“Best for” picks are those we’ve chosen as the best for certain features or categories. If we show a “Promoted” pick, it’s been chosen from among our commercial partners based on factors like special features, offers and the commission we receive.

Our picks for the best staking platforms in Canada are just suggestions and don’t reflect every available option on the market. The best crypto staking platform for you depends on your individual needs.

Best crypto staking platform overall: Bitget

BitgetGo to siteRead review

Bitget

870+ Supported cryptos 45 Fiat currencies- Why we chose it

  • Pros & cons
  • Fees & deposits

Sign up and receive a 6,200 USDT newcomer’s gift package. Bitget is our top pick for the best crypto staking platform in Canada because it supports earning and staking an impressive number of cryptos—including popular choices like Bitcoin, Ethereum and Solana and many other altcoins—and offers a variety of investment vehicles to suit different goals and risk levels. Plus, you can trade 800+ coins with competitive fees, multiple payment methods, instant buys and free deposits. Pros- Stake 30+ cryptos

  • Invest 150+ assets through Bitget Earn
  • Optional Express staking redemption (10% fee)
  • Other features and products like centralized and P2P crypto trading, Bitget Wallet and the Bitget Card

Cons- Not yet regulated with the Canadian Securities Administrators (CSA) or Ontario Securities Commission (OSC)

  • No off-chain staking
Deposit methods Bank transfer, Credit card, Cryptocurrency, Debit card
Deposit fees None
Withdrawal fees Fees vary
Trading fees Maker: 0.02%-0.10%Taker: 0.032% - 0.10%
Advanced Trading Features Yes

870+ Supported cryptos 45 Fiat currencies- Why we chose it

  • Pros & cons
  • Fees & deposits

Sign up and receive a 6,200 USDT newcomer’s gift package. Bitget is our top pick for the best crypto staking platform in Canada because it supports earning and staking an impressive number of cryptos—including popular choices like Bitcoin, Ethereum and Solana and many other altcoins—and offers a variety of investment vehicles to suit different goals and risk levels. Plus, you can trade 800+ coins with competitive fees, multiple payment methods, instant buys and free deposits. Pros- Stake 30+ cryptos

  • Invest 150+ assets through Bitget Earn
  • Optional Express staking redemption (10% fee)
  • Other features and products like centralized and P2P crypto trading, Bitget Wallet and the Bitget Card

Cons- Not yet regulated with the Canadian Securities Administrators (CSA) or Ontario Securities Commission (OSC)

  • No off-chain staking
Deposit methods Bank transfer, Credit card, Cryptocurrency, Debit card
Deposit fees None
Withdrawal fees Fees vary
Trading fees Maker: 0.02%-0.10%Taker: 0.032% - 0.10%
Advanced Trading Features Yes

Best crypto staking platform for advanced users: Kraken

KrakenGo to siteRead review

Kraken

270+ Supported cryptos 7 Fiat currencies- Why we chose it

  • Pros & cons
  • Fees & deposits

Since coming to Canada in 2016, Kraken has been a leader in the digital currency space. The platform supports on-chain staking for 15+ cryptos with returns ranging from 1% to over 20%. You need a Kraken Pro account to stake, which also gives you access to advanced order types, high-volume trading and flexible channels for dedicated customer support. Pros- Stake 15+ cryptos and receive rewards twice weekly

  • Discounted trades, advanced order types and dedicated support with Kraken Pro
  • User-friendly desktop, Android and iOS apps
  • Filed for pre-registration with the Ontario Securities Commission (OSC)

Cons- Staking requires a Pro account (free to open and maintain). Verification can take days.

  • Can’t stake GRT or FLR or restake ETH in Canada
  • No off-chain staking in Canada
Deposit methods Credit card, Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer, Apple Pay, Google Pay
Deposit fees Interac e-Transfer: 0.5%Apple Pay/Google Pay: variableCrypto: Free for most cryptosWire transfers: $0-$3Canada Post cash/debit: $1.25+0.25%
Withdrawal fees Interac e-Transfer: $10EFT: 0.35%Wire: $0-$35Crypto: variable
Trading fees Maker (Pro account): 0%-0.25%Taker (Pro account): 0.1%-0.4%

270+ Supported cryptos 7 Fiat currencies- Why we chose it

  • Pros & cons
  • Fees & deposits

Since coming to Canada in 2016, Kraken has been a leader in the digital currency space. The platform supports on-chain staking for 15+ cryptos with returns ranging from 1% to over 20%. You need a Kraken Pro account to stake, which also gives you access to advanced order types, high-volume trading and flexible channels for dedicated customer support. Pros- Stake 15+ cryptos and receive rewards twice weekly

  • Discounted trades, advanced order types and dedicated support with Kraken Pro
  • User-friendly desktop, Android and iOS apps
  • Filed for pre-registration with the Ontario Securities Commission (OSC)

Cons- Staking requires a Pro account (free to open and maintain). Verification can take days.

  • Can’t stake GRT or FLR or restake ETH in Canada
  • No off-chain staking in Canada
Deposit methods Credit card, Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer, Apple Pay, Google Pay
Deposit fees Interac e-Transfer: 0.5%Apple Pay/Google Pay: variableCrypto: Free for most cryptosWire transfers: $0-$3Canada Post cash/debit: $1.25+0.25%
Withdrawal fees Interac e-Transfer: $10EFT: 0.35%Wire: $0-$35Crypto: variable
Trading fees Maker (Pro account): 0%-0.25%Taker (Pro account): 0.1%-0.4%

Best for crypto spenders who want to earn yield: Crypto.com

Crypto.com AppRead review

Crypto.com App

370+ Supported cryptos 31 Fiat currencies- Why we chose it

  • Pros & cons
  • Fees & deposits

In Canada, Crypto.com staking is uniquely tied to the platform’s Visa Card, which converts your crypto into fiat so you can make real-world purchases. To get the card, you need to lockup Crypto.com’s native cryptocurrency—CRO—for 365 days. Higher lockup amounts come with higher rewards and better perks like subscription rebates, airport lounge access and exclusive experiences. Pros- Visa card lets you make fiat purchases with crypto

  • Choose from a variety of card tiers with different rewards and requirements
  • Trade NFTs and 370+ cryptos
  • Pre-registered with the Ontario Securities Commission

Cons- Can only earn yield via the Visa card (regular staking not available in Canada)

  • Only earn yield on CRO (can’t lockup other cryptos)
  • 365-day lockup period
Deposit methods Bank transfer, Credit card, Cryptocurrency, Debit card
Deposit fees $0
Withdrawal fees $1.99 per withdrawal ($0 for Prime members)
Trading fees Spreads: 0.01% – 0.08%Taker fees: 0.10% - 0.50%Maker fees: 0.065% - 0.25% (0% for Prime members trading more than US$10 million)
Advanced Trading Features Yes

370+ Supported cryptos 31 Fiat currencies- Why we chose it

  • Pros & cons
  • Fees & deposits

In Canada, Crypto.com staking is uniquely tied to the platform’s Visa Card, which converts your crypto into fiat so you can make real-world purchases. To get the card, you need to lockup Crypto.com’s native cryptocurrency—CRO—for 365 days. Higher lockup amounts come with higher rewards and better perks like subscription rebates, airport lounge access and exclusive experiences. Pros- Visa card lets you make fiat purchases with crypto

  • Choose from a variety of card tiers with different rewards and requirements
  • Trade NFTs and 370+ cryptos
  • Pre-registered with the Ontario Securities Commission

Cons- Can only earn yield via the Visa card (regular staking not available in Canada)

  • Only earn yield on CRO (can’t lockup other cryptos)
  • 365-day lockup period
Deposit methods Bank transfer, Credit card, Cryptocurrency, Debit card
Deposit fees $0
Withdrawal fees $1.99 per withdrawal ($0 for Prime members)
Trading fees Spreads: 0.01% – 0.08%Taker fees: 0.10% - 0.50%Maker fees: 0.065% - 0.25% (0% for Prime members trading more than US$10 million)
Advanced Trading Features Yes

Best for staking crypto on a regulated, insured platform: Coinsquare

Coinsquare Cryptocurrency ExchangeRead review

Coinsquare Cryptocurrency Exchange

10+ Supported cryptos 5 Fiat currencies- Why we chose it

  • Pros & cons
  • Fees & deposits

Toronto-based Coinsquare is the first crypto trading platform in Canada to be regulated by the Canadian Investment Regulatory Organization (CIRO) through its parent company Coinsquare Capital Markets Limited (CCML). It’s owned by WonderFi Technologies, a crypto business operator backed by Shark Tank investor and businessman Kevin O’Leary, and it’s also registered with the CSA and OSC. Coinsquare supports staking nine coins with yields ranging from under 2% to over 11%. Pros- Stake popular cryptos like ETH, SOL and DOT

  • Regulated by the CSA, OSC and CIRO
  • Limited insurance for hot and cold storage assets
  • Cash is CIPF-insured up to $1 million CAD per account

Cons- Limited cryptos for staking and trading

  • Penalized by the OSC in 2020 for market manipulation (now under new management and CIRO regulation)
  • Security breach in 2022 leaked customer data (assets were not at risk)
Deposit methods Interac e-Transfer, Wire transfer, Wealth Wire, Rushed Wire, Direct Bank Deposit
Deposit fees Interac e-Transfer request: 0%Wire transfer: 0%Cryptocurrency: 0%
Withdrawal fees Interac e-Transfer request: 0%Wire transfer: 1.5%Direct Bank Deposit: 1.5%Cryptocurrency: Varies
Trading fees Maker: 0.05% – 0.50%Taker: 0.14% – 0.50%

10+ Supported cryptos 5 Fiat currencies- Why we chose it

  • Pros & cons
  • Fees & deposits

Toronto-based Coinsquare is the first crypto trading platform in Canada to be regulated by the Canadian Investment Regulatory Organization (CIRO) through its parent company Coinsquare Capital Markets Limited (CCML). It’s owned by WonderFi Technologies, a crypto business operator backed by Shark Tank investor and businessman Kevin O’Leary, and it’s also registered with the CSA and OSC. Coinsquare supports staking nine coins with yields ranging from under 2% to over 11%. Pros- Stake popular cryptos like ETH, SOL and DOT

  • Regulated by the CSA, OSC and CIRO
  • Limited insurance for hot and cold storage assets
  • Cash is CIPF-insured up to $1 million CAD per account

Cons- Limited cryptos for staking and trading

  • Penalized by the OSC in 2020 for market manipulation (now under new management and CIRO regulation)
  • Security breach in 2022 leaked customer data (assets were not at risk)
Deposit methods Interac e-Transfer, Wire transfer, Wealth Wire, Rushed Wire, Direct Bank Deposit
Deposit fees Interac e-Transfer request: 0%Wire transfer: 0%Cryptocurrency: 0%
Withdrawal fees Interac e-Transfer request: 0%Wire transfer: 1.5%Direct Bank Deposit: 1.5%Cryptocurrency: Varies
Trading fees Maker: 0.05% – 0.50%Taker: 0.14% – 0.50%

Best crypto staking platform for beginners: Bitbuy

BitbuyGo to siteRead review

Bitbuy

60+ Supported cryptos1Fiat currency- Why we chose it

  • Pros & cons
  • Fees & deposits

Get $40 on a first deposit of $250 or more. Also owned by WonderFi and headquartered in Toronto, Bitbuy is a user-friendly exchange with a highly-rated mobile app that supports staking. Deposits are free, and yields ranging from under 2% to over 11%. The platform is regulated, insured, keeps over 90% of its digital assets in cold storage and offers extra optional security layers for customer accounts. Pros- Low minimum deposit

  • Free deposits, free Interac e-Transfer withdrawals
  • Digital and cash assets are insured
  • CSA and OSC registered

Cons- Can only stake nine cryptos

  • Only supports CAD fiat currency
  • Fee for bank transfer and wire withdrawals
Deposit methods Cryptocurrency, Interac e-Transfer, Wire transfer
Deposit fees Crypto: 0% (network fees apply)Interac e-Transfer: 0%Wire transfer: 0%
Withdrawal fees Crypto: variesInterac e-Transfer: 0%Bank deposit: 1.5%Wire transfer: 1.5%
Trading fees Bitbuy trade: 0.5% - 1.85% spreadBitbuy Pro: 0.5% maker & taker fee

60+ Supported cryptos1Fiat currency- Why we chose it

  • Pros & cons
  • Fees & deposits

Get $40 on a first deposit of $250 or more. Also owned by WonderFi and headquartered in Toronto, Bitbuy is a user-friendly exchange with a highly-rated mobile app that supports staking. Deposits are free, and yields ranging from under 2% to over 11%. The platform is regulated, insured, keeps over 90% of its digital assets in cold storage and offers extra optional security layers for customer accounts. Pros- Low minimum deposit

  • Free deposits, free Interac e-Transfer withdrawals
  • Digital and cash assets are insured
  • CSA and OSC registered

Cons- Can only stake nine cryptos

  • Only supports CAD fiat currency
  • Fee for bank transfer and wire withdrawals
Deposit methods Cryptocurrency, Interac e-Transfer, Wire transfer
Deposit fees Crypto: 0% (network fees apply)Interac e-Transfer: 0%Wire transfer: 0%
Withdrawal fees Crypto: variesInterac e-Transfer: 0%Bank deposit: 1.5%Wire transfer: 1.5%
Trading fees Bitbuy trade: 0.5% - 1.85% spreadBitbuy Pro: 0.5% maker & taker fee

Best for staking crypto on a large, established platform: Coinbase

CoinbaseGo to siteRead review

Coinbase

280+ Supported cryptos1Fiat currency- Why we chose it

  • Pros & cons
  • Fees & deposits

Buy your first crypto and get $10 in BTC with code BTCCA10. Canadian users only. Founded in 2012, Coinbase is one of the world’s largest crypto exchanges, operating in more than 100 countries and managing more than $280 billion in assets. It was the first international crypto exchange to become registered with the CSA in Canada, and it’s also registered with the OSC. You can only stake around eight well-known cryptos, but you can also earn crypto rewards by watching learning videos and completing quizes. Pros- Easy signup process

  • Good mobile app ratings
  • Offers custodial and non-custodial wallets
  • Free e-Transfer deposits. Instant withdrawals to most banks.
  • CSA and OSC registered

Cons- Only stake eight cryptos

  • Only hold CAD in Canadian accounts
  • Can’t buy crypto via credit card in Canada
Deposit methods Debit card, Electronic Funds Transfer, Interac e-Transfer, PayPal
Deposit fees Interac e-Transfer: freeTransfers from another Coinbase account: freeEFT: variable
Withdrawal fees Interac e-Transfer / EFT / PayPal: variableTransfers to another Coinbase account: free
Trading fees Maker fee: 0% and 0.4%Taker fee: 0.05% - 0.6%

280+ Supported cryptos1Fiat currency- Why we chose it

  • Pros & cons
  • Fees & deposits

Buy your first crypto and get $10 in BTC with code BTCCA10. Canadian users only. Founded in 2012, Coinbase is one of the world’s largest crypto exchanges, operating in more than 100 countries and managing more than $280 billion in assets. It was the first international crypto exchange to become registered with the CSA in Canada, and it’s also registered with the OSC. You can only stake around eight well-known cryptos, but you can also earn crypto rewards by watching learning videos and completing quizes. Pros- Easy signup process

  • Good mobile app ratings
  • Offers custodial and non-custodial wallets
  • Free e-Transfer deposits. Instant withdrawals to most banks.
  • CSA and OSC registered

Cons- Only stake eight cryptos

  • Only hold CAD in Canadian accounts
  • Can’t buy crypto via credit card in Canada
Deposit methods Debit card, Electronic Funds Transfer, Interac e-Transfer, PayPal
Deposit fees Interac e-Transfer: freeTransfers from another Coinbase account: freeEFT: variable
Withdrawal fees Interac e-Transfer / EFT / PayPal: variableTransfers to another Coinbase account: free
Trading fees Maker fee: 0% and 0.4%Taker fee: 0.05% - 0.6%

What are crypto staking platforms?

Crypto staking platforms let you deposit your digital assets in exchange for rewards.

This reward—or yield—can be generated via staking, lending or through DeFi. Some services may even use a combination of these methods to generate yield. Each method has its own unique risk profile, so it’s important to understand how different methods work before deciding which platform is right for you.

On-chain staking

This involves locking up a blockchain’s native coin, which is then used in proof-of-stake (PoS) consensus to secure the blockchain. Staked funds are used as collateral, which allows the staker to act as a network validator (confirm transactions, secure the network against malicious nodes and generate new blocks). In return for providing these services, the staker is rewarded with freshly minted coins.

On-chain staking is considered a relatively safe way to earn yield. This is because the process is largely automated and validators are motivated by rewards to ensure everything goes smoothly. But, if validators do the wrong thing or make a mistake, a slashing penalty may be imposed in which a portion of the collateral is lost.

Related: Dive deeper into crypto staking

Lending

Crypto lending involves asset holders lending coins or tokens to a platform for a fixed or variable period of time. These assets are aggregated and made available to borrowers, who pay a fee. This fee is then paid as an annual percentage yield (APY) to lenders.

Many crypto trading platforms now support crypto lending and offer competitive returns for lending your unused assets. The most important thing to understand when lending crypto is the platform’s collateralization model.

Collateralization refers to the amount of capital a borrower has to deposit as collateral to take out a loan. Over-collateralized loans are preferable, as borrowers are required to deposit more funds than they borrow, which substantially reduces the risk profile for lenders.

DeFi

Decentralized finance involves using blockchain applications to emulate many of the complex financial services found in traditional finance. At a glance, it can seem quite daunting. However, if responsibly used, it can provide a useful tool for passive income. While DeFi yield earning opportunities are vast, one of the most popular is liquidity mining.

Liquidity mining involves depositing two or more cryptos into a liquidity pool. This liquidity is made available for users of the platform to perform swaps and trades. By doing this, you’re acting as a liquidity provider (LP). Traders pay fees to use the pool, which are distributed as APY to LPs.

Before acting as an LP, it’s important to thoroughly understand impermanent loss and the role that this plays in your yield earning potential.

Related: DeFi explained

Summary: Staking vs. lending

Lending involves you depositing crypto to an exchange or platform’s lending pool. These assets are then lent out to borrowers at a fixed or variable rate. The platform keeps a commission for acting as a third party during this process, while you’re paid the remaining yield.

On-chain lending involves you lending your crypto tokens via a decentralized finance protocol. To do this, you’ll need to use a non-custodial wallet and know how to interact with a DeFi protocol.

Traditional on-chain staking involves locking up your cryptocurrency in a smart contract that’s governed by the network’s proof-of-stake consensus. These assets are used by the blockchain to secure the network, confirm transactions and generate new blocks. New coins are distributed to stakers.

Off-chain staking differs from traditional staking in that it doesn’t involve directly interacting with the blockchain. Instead, you deposit your assets on an exchange or platform that acts as a middleman and stakes on your behalf. This is sometimes referred to as “staking-as-a service.”

Lending involves you depositing crypto to an exchange or platform’s lending pool. These assets are then lent out to borrowers at a fixed or variable rate. The platform keeps a commission for acting as a third party during this process, while you’re paid the remaining yield.

On-chain lending involves you lending your crypto tokens via a decentralized finance protocol. To do this, you’ll need to use a non-custodial wallet and know how to interact with a DeFi protocol.

Traditional on-chain staking involves locking up your cryptocurrency in a smart contract that’s governed by the network’s proof-of-stake consensus. These assets are used by the blockchain to secure the network, confirm transactions and generate new blocks. New coins are distributed to stakers.

Off-chain staking differs from traditional staking in that it doesn’t involve directly interacting with the blockchain. Instead, you deposit your assets on an exchange or platform that acts as a middleman and stakes on your behalf. This is sometimes referred to as “staking-as-a service.”

How to choose the best staking platform

It’s important to research a wide range of crypto staking platforms and compare the pros and cons of each choice. Ultimately, the best option for you depends on what you’re looking for.

Range of assets

Bigger isn’t necessarily better when it comes to staking. Many obscure coins are highly volatile in price, which may eliminate any gains from staking. Likewise, high APYs can be a red flag, suggesting that the yield is unsustainable or that the coin has a high inflation rate.

As such, some platforms opt for quality over quantity, offering a small range of coins with more modest, sustainable yields and less volatility. Choose a platform that supports the assets you already own and generates yield in a way you think is sustainable and within your risk tolerance.

APYs

Yields are distributed in two ways: fixed and variable. Fixed APYs are decided by the platform at the time staking is initiated and do not vary during the length of the lock-up period.

Variable rate APYs can fluctuate depending on a variety of factors, including market conditions and whether or not assets are being utilized (lent to borrowers). While some staking pools show daily APYs with rates of 100% or more, this can quickly drop. So, it can be useful to look at average rates over a longer period of time.

Lock-up period

Lock-up periods vary from platform to platform. Some offer withdrawals anytime and flexible staking durations, while on other platforms, you must commit to a certain length of time and even risk penalties for early withdrawals. Typically, longer lock-up periods equate to a higher projected yield rate.

How yield is generated

Yield is generated through a variety of ways, including lending, staking and liquidity mining. Each yield-earning stream has benefits as well as drawbacks.

On-chain staking and lending are typically lower risk than liquidity mining, however, returns may not be as lucrative. While some DeFi pools offer triple-digit returns, you should make sure you thoroughly research how each works and the risk associated with acting as a liquidity provider.

Frequency of payouts

Staking platforms offer a variety of payout options. Some pay daily or weekly yield that can be optionally reinvested. Others have a fixed duration lock-up and, by default, compound your returns until the lock-up period ends.

Ease of use

Yield earning can be a complex topic, especially when it comes to DeFi. Many platforms have tried to simplify the process and offer a user-friendly experience. If you’re ever uncertain, it’s best to take it slow and get your head around it first. Many platforms have FAQ pages and even video tutorials for support.

DeFi vs. CeFi

DeFi is the traditional way of earning yield on-chain. However, topics such as yield farming and liquidity pools can be confusing and risky. CeFi platforms aim to bring the benefits of decentralized finance to investors in a more accessible way, but do come with their own set of risks attached.

Security

With hacks, scams and loss of assets common in the crypto space, security should be closely considered before staking or lending your assets. Check the licenses and registrations relevant to the platform and how your crypto is stored.

Offline, cold storage is preferable, as it’s less vulnerable to hacks. When interacting on-chain and through DeFi, make sure you properly secure your private keys and double-check all Web3 wallet transactions.

Collateral requirements

Lending platforms operate under models with different risk tolerances.

  • Under-collateralized lending is a high-risk model that counts on the platform generating profits on your assets. If this doesn’t happen, the company is prone to liquidation and potential loss of investor funds.

  • Over-collateralized loans are preferable, offering much lower risk to lenders. Borrowers’ collateral must be greater than than the amount of their loans, protecting lenders from borrowers defaulting. Collateralization is specific to lending and does not apply to staking or liquidity mining.

Insurance

While some centralized exchanges now offer some level of insurance, each has different policies—many of which don’t cover earning protocols. Insurance and regulation is especially uncommon in DeFi, so always read the fine print.

Fees

Staking platforms and exchanges typically take a cut for providing services, although this is rarely disclosed. Many claim to charge no fees for staking but are likely taking a portion of your revenue before passing the remainder on to you.

So, while staking through third-party platforms can be a more beginner-friendly option, it’s worth noting that you can potentially cut down on fees by going straight to the source and staking or lending on-chain if you’re willing to learn how to take on the added risk.

How to use crypto staking platforms

Before depositing assets into a staking or lending platform, you should follow a few simple steps to help build an investment strategy:

  1. Deposit funds. Deposit the assets you intend to invest. Depending on the platform, deposits can be made using fiat or cryptocurrencies.
  2. Decide on a variable or fixed yield. Variable rates fluctuate based on market conditions and can be hard to calculate over a long period of time. Fixed rates make estimating your returns over a certain period of time a lot simpler. Some platforms even offer a yield earning calculator.
  3. Select a lock-up duration. Longer lock-up periods often equate to an increased percentage yield. However, consider what crypto you’re holding before committing long term. If you aren’t confident in the project or may need to access your funds on short notice, anytime withdrawals are probably best.
  4. Collect your yield. Some providers distribute yield on a daily or weekly basis. Other platforms will auto-compound your returns, reinvesting and increasing your deposited funds until the contract closes. Keep in mind that some providers will deduct from your initial investment for contract breaches, such as early termination.

Risks of staking on a crypto platform

There are always risks associated with investing, and crypto staking and lending pools are no exception.

  • Counterparty risk. This is the chance that a company may default on its contractual obligations. If a platform defaults, you may lose some or all of your funds. Counterparty risk can be minimized by choosing to earn yield through staking rather than lending or choosing a lender with an over-collateralized model. Look for a platform that covers such losses with an insurance policy or that transacts on-chain with DeFi.
  • Yield rates. APYs vary drastically from platform to platform. If you notice a return rate that seems too good to be true, take time to understand how and why the rate is offered. Whether it’s due to a risky project or impermanent loss, there’s often a reason why such incredible rates are being offered.
  • Price volatility. Cryptos are inherently volatile. When planning your staking or lending, take into consideration how your assets might move. If you’re confident about holding your crypto long term, locked staking or lending might be a suitable way to build up your balance. For higher-risk investments that you might want to sell, a variable-term, early withdrawal option is usually best.
  • On-chain earning. Staking and lending directly on-chain requires a solid grasp of how to use non-custodial wallets and make blockchain transfers. If you make a mistake along the way, there’s no customer support and all transactions are final. Incorrect usage can result in lost funds.
  • Under-collateralized lending. Under-collateralized lending is a high-risk method that counts on the exchange generating profits. If it fails to do so, you’re at risk of losing all of your assets.
  • Tax may apply. It may come as a surprise, but earnings from crypto investments are generally considered taxable in Canada. Make sure you’re aware of your local tax agency’s treatment of cryptocurrencies, consider tracking your transactions with dedicated crypto tax software and consult a financial advisor if you’re unsure what to do.

Bottom line

When finding the best crypto staking platform, risk tolerance is one of the biggest factors to consider. If you’re looking for high risk and potentially high rewards, you may want to dive into DeFi. But if you’re content with consistent, relatively stable returns, you might go for on-chain staking or a crypto lending platform with a sound insurance policy and lending model.

While there’s no perfect way to earn yield on your crypto, proper planning and research can help you build a solid investment plan, take confidence in your strategy and let your assets go to work for you.

FAQs about crypto staking platforms

Are crypto staking platforms safe?

Any type of investing comes with associated risk. Before staking or lending your crypto, it’s best to thoroughly research how yield is generated, who’s behind the project and what security measures or insurance policies are in place.

It’s also a good idea to check if a staking platform is registered with the CSA or your provincial/territorial securities regulator, as this means it’s required to comply with local anti-money laundering and counter-terrorism funding laws.

Is crypto staking worth it?

Staking and lending crypto lets you compound your digital assets. Periods of negative market growth can sometimes even be counteracted with high-yield earnings.

Whether staking is worth it comes down to individual preference and your personal risk profile. If you’re holding crypto long term, then passive returns can help increase your account balance.

If you’re an experienced investor who’s confident with short-term trades, hedging and yield farming, then long-term lock-ups and centralized staking may not be as attractive.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators’ websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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Was this content helpful to you?YesNoThank you for your feedback! To make sure you get accurate and helpful information, this guide has been edited by Moira Daniels as part of our fact-checking process. Billy Endres’s headshot Written by

Billy Endres

Cryptocurrency writer Billy Endres was a cryptocurrency writer for Finder. His background in software development helped open the door to the world of decentralised technologies, financial markets and technical writing. See full bio

Billy’s expertiseBilly has written 9 Finder guides across topics including: - Web3 and decentralised technologies

  • Front-end development
  • Cryptocurrency futures trading and technical analysis
  • DeFi and on-chain analysis

Stacie Hurst’s headshot Co-written by

Stacie Hurst

Associate editor Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute’s Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio

Stacie’s expertiseStacie has written 295 Finder guides across topics including: - Banking

  • Stock Trading

  • Cryptocurrency

  • Personal Loans

  • Car Loans

  • Credit Cards

  • 8 ways to earn free crypto in CanadaFrom “learn and earn” crypto programs to airdrops and staking, check out eight ways to get free crypto.

  • How to stake TronFind out how to stake your TRX tokens and how Tron’s delegated proof-of-stake consensus mechanism works.

  • How to stake and earn AAVEFind out how to leverage AAVE token holdings to earn rewards. Stake in the Aave safety module or provide liquidity to a DeFi protocol.

  • How to stake NEONEO staking involves locking up NEO tokens to earn rewards.

  • How to stake and earn Tezos (XTZ)Find out how to leverage XTZ token holdings to earn interest. Stake in the Tezos blockchain or provide liquidity to a DeFi protocol.

  • How to stake AvalancheLearn how to stake AVAX tokens and earn rewards by supporting the Avalanche blockchain.

  • How to stake Solana (SOL)Learn how to stake Solana (SOL) by following a step-by-step guide. Start earning interest on your crypto today.

  • How to stake ThetaFind out how to stake your THETA tokens and how Theta’s multi-BFT proof-of-stake consensus mechanism works.

  • Cryptocurrency staking guide: How to stake coins for rewardsStaking is one of the most popular ways to earn an income with cryptocurrency – learn how to get started with this guide.

FAQ

Can you Stake crypto in Canada?

Newton is one of Canada’s leading cryptocurrency trading platforms that offers staking options. With a simple interface and competitive fees, Newton allows users to stake popular cryptocurrencies like Ethereum (ETH) and Solana (SOL) directly through its platform.27 thg 2, 2025

Can you withdraw from Stake in Canada?

You can withdraw your available funds from your Stake account at any time. Please remember that only settled cash can be withdrawn. This means any unsettled deposits, recent transfers, or money from your sell orders need to clear first. This usually can take 1 to 2 business days.

Is bet legal in Canada?

Is betting legal in Canada? Yes betting on sports is legal in Canada. Parlay betting has been legal since 1985 in Canada, while single-event betting was legalized in 2021. Who can bet legally in Canada?10 thg 6, 2025

Which countries allow Stake?

Stake.com is currently only legally accessible in a set few countries and regions: Belgium, Bulgaria, Croatia, Czechia, Denmark, Estonia, France, Italy, Latvia, Lithuania, Portugal, Romania, Spain, Sweden, and Switzerland.14 thg 7, 2025

What role did roulette play in popular culture such as movies and literature?

What role did roulette play in popular culture, such as movies and literature? Roulette has played a significant role in popular culture, appearing in numerous movies, books, and other forms of media. In movies, roulette often appears as a symbol of glamour, luxury, and risk-taking. One of the most famous examples is the classic film “Casablanca,” where the game is prominently featured in several scenes. In the movie, the character Rick (played by Humphrey Bogart) runs a popular nightclub and casino in Casablanca, Morocco, where roulette is one of the main attractions.

How did the introduction of online casinos impact the game of roulette?

How did the introduction of online casinos impact the game of roulette? The introduction of online casinos has had a significant impact on the game of roulette. Online casinos made roulette and other casino games easily accessible to anyone with an internet connection. Players can now enjoy their favorite casino games from the comfort of their own homes, without having to travel to a land-based casino. Online casinos also introduced new variations of roulette, such as multi-wheel roulette and mini-roulette, which are not typically found in traditional casinos.

Which countries allow Stake?

Stake.com is currently only legally accessible in a set few countries and regions: Belgium, Bulgaria, Croatia, Czechia, Denmark, Estonia, France, Italy, Latvia, Lithuania, Portugal, Romania, Spain, Sweden, and Switzerland.14 thg 7, 2025

Can I use Stake in Canada?

Players across the length and breadth of Canada can enjoy Stake.com’s unique mix of slots, casino games and sports betting. The only exception is Ontario residents, who can’t currently join Stake.com.

Is staking allowed in Canada?

Canadian securities regulators have permitted regulated crypto trading platforms operating in Canada to offer staking services to retail clients since October 2022, and the first Ether staking ETF launched in Canada in October 2023.١٧‏/٠١‏/٢٠٢٥

This site only collects related articles. Viewing the original, please copy and open the following link:7 Best Crypto Staking Platforms in Canada in 2025 Finder

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