Best Cosmos ATOM Interest Rates and Staking Rewards

Best Cosmos ATOM Staking Rewards and Interest Rates

This article presents the best Cosmos (ATOM) interest rates and staking rewards on the market.

Cosmos might become the essential cryptocurrency concerning blockchain interoperability. 

Nowadays, it cannot be enjoyable to transfer cryptocurrencies between different protocols and have one separate wallet for each one of them. Cosmos, with its ATOM currency, might have a solution for this.

If you HODL your cryptocurrencies, it can be a perfect opportunity to earn crypto passive income on them.

No Financial Advice, Information only. Do your own research

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 tokenizes transactions.

What problem does Cosmos ATOM solve?

Cosmos solves the interoperability challenge for cryptocurrencies.

Without Cosmos, two digital currencies need to interact with compatible technologies and protocols. Cosmos’ Inter-Blockchain Communication protocol allows users to exchange assets from one blockchain to another.

Best Cosmos ATOM Staking Rewards

We have listed the best Cosmos (ATOM) staking rewards you can find in the table below.

Below the table, we compare these three with the pros and cons for each. While Binance Earn offers the very best Cosmos ATOM interest rate on their locked staking product, the individual allocation allowed is very small and limited to 5 ATOM.

Invest

Interests

Review

*Sign up bonus with terms and conditions

**Reduction in fees

Binance best Cosmos ATOM staking rewards

Binance has the best Cosmos ATOM staking reward rate with 10.92%. In addition, Binance is the largest crypto exchange and has excellent interest rates for many different cryptocurrencies, including ATOM.

However, notify that the Binance locked staking has to manually be renewed every 30, 60, or 120 days, dependent on your staking interval.

Binance Earn locked staking and flexible staking terms for Atom COSMOS interest rates

Pros and Cons with Binance Earn staking

Pros and Cons with Binance Earn staking

Pros

  • Great staking rewards (Often the highest APY)
  • Many cryptocurrencies available
  • Straightforward and user-friendly interface
  • Binance crypto VISA debit card accessible

Cons

  • Lockup periods for 30 or 60 days to achieve the best interest rates
  • It doesn´t allow US customers
  • Have to renew the staking periods manually, and the interest rate might change over time.
  • There is both a personal, limited allocation and a total limited allocation. All terms are not available at all times.

Kraken 2nd best Cosmos ATOM staking rewards

Kraken offers the 2nd best Cosmos (ATOM) staking reward. The crypto exchange is one of the largest crypto exchanges in the US. In addition, Kraken offers very competitive staking rewards for all its listed staking cryptocurrencies.

Kraken is the best crypto exchange for US citizens, according to us. In addition to staking rewards, Kraken is offering Polkadot parachain slot auctions.

Kraken Staking Pros and Cons

Kraken staking pros and cons

Pros

  • No lockup period
  • High rewards
  • Allow US customers
Cons
  • Not user-friendly for a beginner

Coinbase 3th best Cosmos ATOM staking rewards

Coinbase is not offering the best Cosmos (ATOM) staking rewards. Coinbase focuses more on providing a beginner-friendly platform than on maximum payouts and minimal fees for their customers.

Coinbase is a regulated crypto exchange in the US, allowing US citizens to trade on their platform. Like Coinbase, Kraken is also a US-regulated crypto exchange, and they are two similar alternatives for US citizens. Read our Kraken staking rates APY VS Coinbase staking rewards.

Coinbase staking Pros and Cons

Coinbase staking rewards pros and cons

Pros

Cons

  • Only a few countries are supported this feature
  • Not the best interest crypto interest rates and staking rewards

Crypto.com Cosmos ATOM interest Rates

Crypto.com offers a decent interest rate on your Cosmos ATOM coins. Here, you can deposit your crypto coins to “Crypto.com Earn” for flexible terms or lock them for 1 or 3 months.

Read more about Crypto.com Earn.

Kucoin Margin Lending ATOM Interest Rates

Kucoin lending is a peer-to-peer marketplace where lenders and borrowers meet. The borrowers uses the funds for leverage trading and the lenders receive an interest based on the market conditions. 

You can easily check the current Cosmos ATOM lending rates on Kucoin. Note that there are three different time periods 7, 14, and 28 days and they are separated markets with different interest rates.

Read more about how to make passive income with Kucoin margin lending.

Risks with Cosmos ATOM staking Rewards

Like all financial investments, Cosmos ATOM staking involves certain risks.

Since all staking rewards we have mentioned in this article are through a 3rd party service, there will be some additional risks.

Some of the risks are, but are not limited to,

  • The third-party can be hacked
  • The third-party can run a bad business and go bankrupt
  • The third-party can turn out to be a scam
Read more about crypto risk management 2022.

Where to buy Cosmos ATOM?

So, where to buy Cosmos ATOM if you don´t already hold them?

There are two great crypto exchanges for Cosmos ATOM

  • 1 for non-US residents
  • 1 for US residents

Best place to buy Cosmos ATOM for non US residents

It´s easy to find the best place to buy or sell Solana SOL cryptocurrency. Follow these steps

  1. Go to Coingecko
  2. Search for ATOM
  3. Go to the markets tab 
  4. Look for the markets with the most liquidity. In this case Binance

Best place to buy Cosmos ATOM for US residents

Coinbase is the largest US exchange and the largest regulated crypto exchange. Here, you will find all the largest marketcaps but not as many markets as on Binance. Also, Coinbase is a bit more expensive than Binance and Kraken.

You also might want to check Kraken exchange if you are a US resident.

How to pay tax on Cosmos ATOM interest payouts?

Yes, you have to pay tax on your interest income from Cosmos ATOM, or any other cryptocurrency. 

We have an article about how to pay tax on crypto interest payouts.

Remember, there are crypto tax software specialized to identify your transactions and categorize them. In addition, these software automatically calculate your taxes and can even generate a complete tax file for you.

You need to connect your exchanges and wallets via an API to one of these software. Also, manually import via a CSV file will do the work for you.

We have tested a few different crypto tax software and landed in that Koinly and Cointracking are the overall best crypto tax software, both free version and premium version exists.

Tax Software

Offer

Go

Cointracking crypto tax software logo

No Financial Advice, Information only. Do your own research

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