We extensively reviewed the market to find the best crypto staking platform in Canada. To arrive at our top picks, we compared 10+ platforms on features like annual percentage yield (APY), how yield is generated, user experience, risk mitigation tools and the range of assets you can stake.
Before staking, it’s important to realize that third-party platforms generate yield in different ways, each with varying levels of risk. After giving up your private keys, you technically lose access to your assets.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
Best crypto staking platforms in Canada in 2025
These platforms can help you earn crypto via staking, lending and decentralized finance (DeFi).
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
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.
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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: 0.03%-0.10%
Advanced Trading Features
Yes
Best crypto staking platform for advanced users: Kraken
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: variable Crypto: Free for most cryptos Wire transfers: $0-$3 Canada Post cash/debit: $1.25+0.25%
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: 0.05% – 0.075% Maker fees: 0.06% – 0.075% (0% for Prime members trading more than US$10 million)
Advanced Trading Features
Yes
Best for staking crypto on a regulated, insured platform: Coinsquare
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
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.
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.
Interac e-Transfer: free Transfers from another Coinbase account: free EFT: variable
Withdrawal fees
Interac e-Transfer / EFT / PayPal: variable Transfers to another Coinbase account: free
Trading fees
Maker fee: 0.05% - 0.6% Taker fee: 0.00% - 0.4%
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.
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.
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.
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.
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 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.
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.
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.
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 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.
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.
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.
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.
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:
Deposit funds. Deposit the assets you intend to invest. Depending on the platform, deposits can be made using fiat or cryptocurrencies.
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.
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.
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
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.
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.
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 expertise
Billy has written 9 Finder guides across topics including:
Web3 and decentralised technologies
Front-end development
Cryptocurrency futures trading and technical analysis
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
Staking is one of the most popular ways to earn an income with cryptocurrency – learn how to get started with this guide.
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