10 Most Profitable Proof Of Stake (POS) Cryptocurrencies

profitable proof of stake POS cryptocurrencies

Let’s talk about popular proof of stake cryptocurrencies today…

And I know one more important question that might cross your mind would be:-Why proof of stake cryptocurrencies? Why should one know them? What’s so special about them?

So to answer such questions let’s get started…

Proof of stake (aka POS) cryptos has many technical benefits but apart from that some proof of stake cryptos also give different economic benefits/dividends to its HODLers by giving them the option of running a masternode or staking their coins in a stake-able wallet.

To simply put into perspective i.e you can earn by just holding many POS cryptocurrencies.

This provides dual benefits of securing the blockchain network as well as creating an opportunity for users to get incentives or dividends on their holdings.

I have already written in detail about the distributed proof of stake (POS) cryptocurrencies and its consensus mechanism in my previous article which you can read here.

But for the newcomers, let me explain what distributed consensus and POS is:

Distributed consensus simply means a large pool of people who are geographically segregated agreeing on something. In cryptocurrencies like Bitcoin, ‘something’ here means agreeing on which transactions or blocks are valid and which are invalid to be added/rejected to the blockchain.

AND

Proof of stake is a typical computer algorithm through which some cryptocurrencies achieve their distributed consensus. It is also a better alternative to the proof of work algorithm by achieving the same distributed consensus at a lower cost and in a more energy efficient way. (For more details on POS vs POW read here)

So if you are holding any such POS cryptocurrencies, then I think you should know how to start earning dividends by staking them in the right wallets.

And if you are not holding any such POS currencies, then you should start looking into them, as they can be an excellent source of smart passive income.

Update: December 2019

Binance which is the worlds biggest cryptocurrency exchange has added a staking feature which in my opinion is the best way to find profitable proof of stake coins.

Here is how to access it:

Here you will see a list of supported proof of stake coins along with Estimated Annual yeild and minimum holdings required. You can click on Deposit and start staking these POS coins.

Similarly, other exchange named KuCoin also offers proof of stake features.

As technology is evolving, this has become one of the easiest and fastest way to stake coin and earn profit.

For starters, here is a list of the best POS cryptocurrencies…

Top 9 Profitable Proof Of Stake Cryptos

1. Tezos

Tezos is a multi purpose blockchain with on-chain governance. By Staking (Baking) Tezoz (XTZ), you will be able to earn passive income.

Tezos is also the first proof of stake cryptocurrency that is supported by all major exchanges for staking. In fact, it is seen as paradigm shift that now exchanges are offering crypto staking lately. 

Tezos can be staked easily using any of this below-mentioned method:

Wallet/ExchangeTezos Staking Fees
Binance *Recommended*Zero fees
CoinBase25%
Gate.io33%
Atomic WalletNA

The easiest way for staking Tezos is by using Binance. They are the only one that offers zero fees staking and all you need to do is, just hold the coin in your Binance wallet. It is perfect for traders and investors.

You can get Tezos (XTZ) from Binance (Global) or CoinBase (USA).

2. DASH

DASH is a popular cryptocurrency known as digital cash. It is one of the pioneer cryptos to implement a proof of stake consensus mechanism.

Dash is unique crypto built upon Bitcoin’s core with additional privacy and quick transaction features such as PrivateSend and InstantSend. It advocates itself as peer-to-peer decentralized electronic cash and intends to be as liquid as real cash which we use in our respective countries like USD/GBP/EUR/INR or CNY. (To know more about DASH, read our detailed guide here.)

DASH also allows its HODLers to earn dividends in the form of DASH by running a masternode. But the catch is that you need a minimum 1000 DASH units to run a masternode and at the time writing one unit of DASH is approx $300 in price.

So if you want to make an investment of $ 300,000 (i.e. 1000 units * $300) to get an annual return of 7.5% plus the price appreciation reward of DASH over the time then this the best way forward because DASH is a promising crypto to HODL. And what is better than earning even on your HODLings.

Also if you were an early adopter of DASH and have a significant amount of DASH units then you should definitely look into this.

Note: I know DASH is not a truly POS but its masternodes work kind off in a POS way and keeping DASH coins there is very profitable that’s why I have listed it here.

3. NEO

NEO, formerly known as Antshares, is the first Chinese open-source blockchain project, tagging itself as a “distributed network for the smart economy”. (To know more about NEO, read our detailed guide here.)

NEO is also a cryptocurrency that exists on NEO’s blockchain. Apart from the NEO cryptocurrency, NEO has one more crypto-token called GAS (formerly know as ANC or Antcoins) which can be staked in an NEO wallet for a handsome return and doesn’t require you to keep your staking wallets open all the times like in other POS cryptos.

NEO-Proof-of-stake-coin

The return one earns is in the form of NeoGAS, which is now worth $24 each (at the time of this writing).

4. PIVX

PIVX-Cryptocurrency

PIVX is the abbreviation for Private Instant Verified Transaction. It is a POS cryptocurrency that focuses on privacy and security while transacting.

It was forked out of DASH in early 2016 and is a fully functional POS currency that allows its users to stake coins on the blockchain with a decent return. Another important thing is that you can stake any amount as there is no cap on it, which I think is a nice low-entry barrier.

Another way of earing thorough PIVX is by running a masternode of 10,000 PIVX units which also gives you an annual 5% return on your holdings. So if you have PIVX ins significant amount you can start right away staking them in a masternode from now.

Here is a DIY guide to set up your masternode and if you don’t want to do it yourself then here are a few masternode services that do it on your behalf for a small fee.

5. Reddcoin

Reddcoin aims to be the tipping currency of social networks.

Using POS cryptocurrency Reddcoin, you can tip anyone for any content that you like on various social media platforms.

Being a POS currency, Reddcoin can also be staked in a wallet which gives handsome returns to its holders.

Like all the others, there is no cap for staking.

6. Neblio

Neblio is a next-gen enterprise blockchain solution that is building the tools and services to bring blockchain technology to enterprises of all size in an easy, fast, and secure way.

Therefore, to secure the blockchain/DLT-database, it has proof of stake consensus mechanism enforced via its native NEBL tokens model.

And there are no minimum requirements to get started with staking:

7. QTUM

QTUM is an open-source blockchain and cryptocurrency developed/maintained by the QTUM foundation. It is a decentralized Blockchain application platform, capable of running smart contracts on multiple virtual machines, with Proof-of-Stake consensus.

QTUM is the hybrid of Bitcoin and Ethereum but has its POS component also. It takes the best parts of both the blockchains and combines it in the real world to give us the best of both Bitcoin and Ethereum.

QTUM, like other currencies, don’t require minimum reserve requirements to get started with staking:

8. OkCash

OKCASH-Crypto

OkCash is another proof of stake cryptocurrency that started off in 2014. It aims to be a fast currency that can be used for microtransactions.

And in terms of staking rewards, it provides the highest returns to its users.

For this, you just need to move your OkCash coins to a staking wallet, and it will start earning OkCash at a fixed percentage as a reward of minting blocks through staking. Another important thing is that you can stake any amount as there is no cap on it, thus making it low-barrier.

9. NAV Coin

NAV Coin is the first cryptocurrency that has a dual blockchain for private transactions.

It is a fully functional POS cryptocurrency operating since 2014 based on Bitcoin’s core code. Some of the USPs of this currency are faster transactions (30 seconds), optional privacy with dual blockchains, and a POS staking rewards system that allows you to earn while you are sleeping.

There is also no cap for staking.

10. Stratis

Stratis-Cryptocurrency

Stratis a POS cryptocurrency and a blockchain-based platform which simplifies the development, testing, and deployment of C# applications on the dot NET framework. (See our extensive guide on Stratis here.)

STRAT is the native token (or cryptocurrency) which runs the Stratis platform and can be staked in a Stratis wallet to earn rewards.

Profit rewards are quite low for Stratis staking in comparison to its peers, but if you have a significant amount of STRAT, then you can think of staking it.

There is also no cap for staking.

My Thoughts On Staking

Staking POS currencies is definitely one of the smartest ways to earn passive income. And in many currencies, the entry barrier is low to get started.

I believe 1% to 5% free reward is not bad at all for literally doing nothing and just keeping your wallet open.

Also, when I think of negative and zero interest rates in some countries like the US, then cryptocurrency staking is much more profitable.

There are few more currencies such as NXT, PAY, etc. that provide staking rewards, but the rewards are so low that I didn’t feel it worthy to list them. On the other hand, there are currencies like DASH and PIVX that provide rewards only to masternodes that are staking a minimum of 1000 DASH units & 10,000 PIVX units respectively, which I believe is a very hefty investment for many.

So let me know if you’re staking anything and what your favorite POS coin is? Let me hear your thoughts in the comments below!

Here are a few suggested things to read next:

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78 thoughts on “10 Most Profitable Proof Of Stake (POS) Cryptocurrencies”

  1. I stake Potcoin (POT). The organization is a collaboration of farmers who grow medicinal marijuana in Canada. Since Canada is working on legislation for dispensaries, it makes sense to invest in the legal growers and the bonus is Potcoin is a staking coin. Trade for it and watch your wallet grow!

  2. Decred should be added to that list! DCR is listed #40 in market cap (undervalued). Currently you can make around 18% per year mining it. Decred is also the first crypto to developed a hybrid PoW-PoS. In which, Ethereum wants to implement. For more information visit: http://www.decred.org.

  3. Are any of these coins ok to stake in your own wallet? As opposed to a pool. I know some coins are hard to stake on your own due to staking pools having large wallets.

  4. Forgotten neblio, 10 % pos rewards a year.. Only thing you have to do, buy them and store them on your ntp1 wallet. Atm there are more then 5 companies running on the neblio blockchain and only has a market cap of 60 million. Huge potential for the future, way better and more profitable then the names called above.

  5. Decred (DCR) should be at the top of this list. Its PoS yield is per june 2018 between 15 and 20% annually.

  6. Good afternoon I would like to know if one can stake bit coin cash , bit coin and ethereum. Also is it possible to take daily returns or monthly returns from them ? Im from South Africa and our focus is mainly on mining and I would like to put together a group of altcoin enthusiasts and consider DIY stacking

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