Best Platforms to Stake Zilliqa (ZIL) and Earn Rewards

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Staking Zilliqa (ZIL) tokens is a popular strategy for earning passive income in the cryptocurrency market. By participating in staking, you contribute to network security while generating additional ZIL tokens with minimal risk. This guide explores the top platforms for staking Zilliqa, their features, and how to get started.

Understanding Zilliqa Staking

Zilliqa utilizes a Proof of Stake (PoS) consensus mechanism, unlike Bitcoin’s Proof of Work (PoW). PoS allows token holders to validate transactions and create new blocks by staking their coins, eliminating the need for energy-intensive mining hardware.

When you stake ZIL, you delegate your tokens to validators who maintain the network. In return, you earn rewards based on factors like the inflation rate, the total amount of ZIL staked, and the validator’s performance. This process requires no technical expertise—simply lock your ZIL in a compatible wallet or exchange and start earning.

Top Platforms for Staking Zilliqa

The following platforms offer secure and user-friendly options for staking ZIL tokens. Each caters to different experience levels, from beginners to advanced users.

Cryptocurrency Exchanges

Exchanges provide a convenient way to stake ZIL, especially if you already trade cryptocurrencies.

Binance

Binance, the world’s largest cryptocurrency exchange, offers a straightforward staking process with competitive yields. Users can stake ZIL directly from their exchange wallets with no additional fees.

Steps to Stake ZIL on Binance:

  1. Create a Binance account and deposit ZIL tokens.
  2. Navigate to “Binance Earn” under the “Finance” menu.
  3. Select ZIL and choose your staking period.
  4. Confirm the subscription to start earning rewards.

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CEX.IO

CEX.IO is a regulated exchange known for its security and ease of use. It supports SEPA transfers and offers a simple staking interface.

Steps to Stake ZIL on CEX.IO:

  1. Register an account and complete verification.
  2. Deposit ZIL tokens into your wallet.
  3. Access the “Earn” section and select ZIL staking.
  4. Lock your tokens to begin earning rewards.

Huobi Global

Huobi Global provides a robust platform with multilingual support and multiple payment methods. Its staking feature is integrated into the exchange wallet.

Steps to Stake ZIL on Huobi:

  1. Log in to your Huobi account and ensure you hold ZIL.
  2. Go to the staking section and select Zilliqa.
  3. Choose the amount to stake and confirm the transaction.

Non-Custodial Wallets

Non-custodial wallets give you full control over your private keys and tokens.

Atomic Wallet

Atomic Wallet supports over 500 cryptocurrencies and allows users to stake ZIL directly from the application. Rewards are credited regularly without locking periods.

Steps to Stake ZIL on Atomic Wallet:

  1. Download and install Atomic Wallet.
  2. Transfer ZIL tokens to your wallet.
  3. Navigate to the staking section, select ZIL, and delegate your tokens.

Guarda Wallet

Guarda Wallet offers a seamless staking experience alongside features like crypto loans and built-in exchange services. Your private keys are stored locally for enhanced security.

Steps to Stake ZIL on Guarda Wallet:

  1. Install Guarda Wallet on your preferred device.
  2. Deposit ZIL tokens into your wallet.
  3. Access the staking dashboard, select ZIL, and initiate delegation.

Moonlet Wallet

Moonlet is a non-custodial wallet compatible with iOS, Android, and Chrome extensions. It supports direct staking and integration with hardware wallets.

Steps to Stake ZIL on Moonlet:

  1. Download Moonlet and create a Zilliqa wallet.
  2. Transfer ZIL tokens to your address.
  3. Tap “Stake Now,” choose a validator, and confirm the delegation.

Zillet Wallet

Zillet is an open-source web wallet designed specifically for the Zilliqa blockchain. It offers direct interaction with the network and supports ledger integration.

Steps to Stake ZIL on Zillet:

  1. Visit the Zillet website and access your wallet.
  2. Navigate to the staking tab and select a validator node.
  3. Enter the amount to stake and authorize the transaction.

Hardware Wallets

Hardware wallets provide the highest security by storing tokens offline.

Ledger Nano

Ledger Nano devices keep your private keys offline, protecting them from online threats. While Ledger doesn’t natively support ZIL staking, you can use it with Moonlet or Zillet for delegated staking.

Steps to Stake ZIL with Ledger:

  1. Connect your Ledger device to Moonlet or Zillet.
  2. Delegate your ZIL tokens to a validator through the interface.
  3. Monitor rewards while keeping keys offline.

👉 Learn about secure staking methods

Frequently Asked Questions

What is the minimum amount of ZIL required for staking?

Most platforms have no minimum staking amount, though some validators may impose thresholds. Generally, you can start staking with any quantity of ZIL.

How often are staking rewards distributed?

Reward distribution varies by platform. Some pay daily, while others distribute weekly or monthly. Check your chosen platform’s policy for specific details.

Is staking ZIL safe?

Staking ZIL is low-risk since it doesn’t involve transferring ownership of your tokens. However, choose reputable platforms and validators to avoid scams or technical issues.

Can I unstake my ZIL tokens at any time?

Some platforms offer flexible unstaking, while others require locked periods. Always review the staking terms before delegating your tokens.

Do I need to pay taxes on staking rewards?

Staking rewards are generally considered taxable income in many jurisdictions. Consult a tax professional to understand your local regulations.

What happens if a validator goes offline?

If a validator experiences downtime, your rewards may decrease. Diversifying across multiple validators can mitigate this risk.

Conclusion

Staking Zilliqa (ZIL) is an effective way to earn passive income while supporting network security. Whether you choose a user-friendly exchange like Binance or a secure hardware wallet with Ledger, each platform offers unique advantages. Always prioritize security, compare rewards, and start with small amounts if you’re new to staking. By doing so, you can grow your ZIL holdings effortlessly over time.