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Any supported type of cryptocurrency is suitable for staking. The best crypto for staking is BTC, ETH, and USDT due to the market cap of the cryptocurrency and its broad support.
To get high APY on crypto, you must deposit your crypto on one centralized or decentralized crypto lending platform. If you are a beginner looking for the highest APY on crypto, we suggest reviewing some of the available crypto lending platforms on P2P Empire.
CoinLoan currently offers some of the best APY on USDC. You can earn 10.3% by depositing your USDC on CoinLoan without staking it or earning yield in CoinLoan's native token.
The top 40 cryptocurrencies are typically supporting APY. The annual percentage yield is generated through the crypto lending platform's lending or trading activities.
If you choose to receive the APY in the platform's tokens, you have to be aware of the volatility of the utility token. Utility tokens tend to be more volatile, which may negatively impact the value of your crypto portfolio.