Michelle Legge
By Michelle LeggeHead of Crypto Tax Education
Updated Jan 17, 2025
This article has been fact checked and reviewed as per our editorial policy.

5 Best Acala Staking Platforms

Want to know where to stake Acala, how to stake Acala, and the best place to stake Acala? Check out our guide to staking Acala in 2025 for all you need to know.

Best platforms for Acala staking: At a glance

PlatformStaking Rewards (APY)FeesUser-FriendlinessAdditional Features
TalismanVaries by validatorNoneHighMulti-chain wallet support
Polkadot.jsVaries by validatorNoneMediumAdvanced features
Ledger WalletVaries by validatorNoneLowCold storage security
BinanceVaries by productMediumHighFlexible staking options
BitgetUp to 10%MediumHighEasy staking interface

Let’s look at each option for staking Acala in more depth.

Talisman

Talisman is a multi-chain wallet that supports ACA staking with APYs at up to 20% previously.  Its user-friendly design and seamless integration with multiple blockchains make it an excellent choice for both beginners and experienced users. Talisman offers a straightforward staking interface while ensuring security and ease of use.

Polkadot.js

Polkadot.js offers a versatile platform for staking ACA, giving users full control over their tokens. Rewards vary depending on the validator chosen, and while the platform offers advanced features, it may require some technical understanding. It’s a great choice for users who value flexibility and want to explore deeper functionalities.

Ledger

Ledger wallet supports cold storage staking, providing unparalleled security for ACA tokens. While the staking process can be less straightforward compared to hot wallets, the added safety makes it an ideal choice for long-term holders. Rewards depend on your chosen validator, making research an essential step.

Binance

Binance is a centralized exchange offering competitive staking APYs with double-digit rates depending on the product chosen and the length of the contract. Its user-friendly interface and flexible options make it a popular choice for both beginners and experienced stakers. With low fees and a straightforward setup, Binance provides a hassle-free staking experience.

Bitget

Bitget offers a simple and user-friendly staking interface for ACA with an APY of approximately 10% at the time of writing. The platform focuses on providing a secure and straightforward staking experience, making it an excellent choice for those who are new to staking. With no fees and a reliable infrastructure, Bitget ensures a smooth staking process for all users.

What is Acala?

Acala is a layer-2 DeFi network built on the Polkadot blockchain. It serves as a hub for financial applications, offering a suite of products such as a multi-collateralized stablecoin (aUSD), a dex, and staking derivatives.

At its core, Acala empowers users to manage their digital assets efficiently while earning rewards through various staking and liquidity programs. Its native token, ACA, is used for governance, staking, and paying transaction fees within the network.

Should I stake Acala?

Staking Acala can be a lucrative way to earn passive income while supporting the security and decentralization of the network. With platforms offering attractive APYs, staking ACA can be highly rewarding. However, it’s crucial to consider potential risks, such as validator performance and market volatility, before committing your funds.

Read next: Best Crypto Staking Platforms

How do I stake Acala?

Staking Acala is a simple process that varies slightly depending on the platform you choose. Here’s a general step-by-step guide:

  1. Choose a platform: Decide between a wallet like Talisman or a centralized exchange like Binance.

  2. Transfer ACA: Deposit ACA into your chosen platform or wallet.

  3. Select a validator: If using a non-custodial wallet, research and choose a reliable validator with a good track record. Skip this step for custodial platforms.

  4. Start staking: Follow the platform’s instructions to stake your ACA and begin earning rewards.

  5. Monitor your rewards: Periodically check your staking rewards and validator performance to ensure everything is running smoothly.

Is staking Acala safe?

Staking Acala is generally safe, particularly when using trusted platforms and reputable validators. However, there are some risks to be aware of:

  • Validator risk: Poor validator performance can lead to reduced rewards or penalties.

  • Custodial risk: Platforms like Binance hold your funds, which could be affected in rare cases of security breaches.

  • Market risk: ACA’s price can fluctuate, impacting the overall value of your staked tokens.

By choosing reliable platforms and validators, you can minimize these risks and enjoy the benefits of staking Acala.

Don’t forget the tax bill…

Your Acala staking rewards are taxable. You can learn more about how they’re taxed in our crypto staking taxes guide.

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