Welcome. in this article we present the best Cosmos (ATOM) staking rewards interest rates on the market.
If you HODL your cryptocurrencies it can be a perfect opportunity to earn crypto passive income on them.
What is Cosmos ATOM?
Cosmos (ATOM) is a decentralized ecosystem of independent blockchains. Cosmos is enabling blockchain interoperability, currency exchanges, and an Internet of Blockchains (IoB).
Atom (ATOM) is the proprietary staking coin used by the network and also tokenizes transactions.
What problem does Cosmos ATOM solve?
Cosmos solves the interoperability challenge for cryptocurrencies.
Without Cosmos two digital currencies need to have compatible technologies and protocols in order to interact. Cosmos’ Inter-Blockchain Communication protocol gives users the possibility to exchange assets from one blockchain to another.
Best Cosmos ATOM Staking Rewards
In the table below we have listed the best Cosmos (ATOM) staking rewards you can find.
Below the table we compare these three services with pros and cons for each one of them.
Binance best Cosmos ATOM staking rewards
Binance has the best Cosmos ATOM staking reward rate with 9.47%. Binance is the largest crypto exchange and has very good interest rates for many different cryptocurrencies, including ATOM.
You can read more about Binance high yield program where you can get extreme good yields on your deposits. However, notify that the staking has to be renewed every 15, 30 or 60 days, dependent on your staking interval.
Pros and Cons with Binance staking
- Great staking rewards
- Lockup periods
- Doesn´t allow US customers
- Have to manually renew the staking periods and the interest rate might change over time
- Certain staking products can be filled up
Kraken 2nd best Cosmos ATOM staking rewards
Kraken is offering the 2nd best Cosmos (ATOM) staking reward. Kraken is one of the largest crypto exchanges and is based in the US. Kraken is offering very competitive staking rewards for all its listed staking cryptocurrencies.
Kraken staking pros and cons
- No lockup period
- High rewards
- Allow US customers
Coinbase 3th best Cosmos ATOM staking rewards
Coinbase is not offering the best Cosmos (ATOM) staking rewards. Coinbase is focusing more on offer a beginner friendly platform than on maximum payouts and minimal fees for their customers.
Coinbase staking rewards pros and cons
- Easy and beginner friendly
- Few cryptocurrencies are available
- Only a few countries are supported for this feature
- Low staking rewards
Risks with Cosmos ATOM staking Rewards
As all financial investments, Cosmos ATOM staking involves certain risks.
Since all staking rewards we have mentioned in this article are through a 3th party service, there will be some additional risks.
Some of the risks are, but not limited to,
- The third party can be hacked
- The third party can run bad business and go bankrupt
- The third party can turn out to be a scam
Summary - Best Cosmos ATOM staking Rewards
There are so many factors to take into consideration, whether or not, the rewards are greater than the risks.
As previously announced, there are definitely risks. However, there are also some great rewards to collect if you are willing to take the risk.
If you want to educate yourself further on this topic we have published a specialized article on crypto risk management.
In the end of the day, you are responsible for you own money and investments.