Do you recommend staking? | Bitcointalksearch.org

ardentvolcanoes

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Quote from: daenarys_stormborn on August 27, 2021, 11:08:31 AM

Of course, I highly recommend staking, because in my opinion staking is the most appropriate way to save and earn passive income, my advice is to always use a safe exchange for staking, for example on Binance

Also find the right project that you really trust, it saves a lot if you choose to stake your money with project that you really investigate,

Most of those who stake their coins that have good knowledge with the project ended up
earning decently, it's a passive way of investing, since while waiting for the price to pump
you are adding staking rewards to your original assets. once the value pump up you receive
more as the staking rewards gives you that extras.

AdrianaP88

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Quote from: bitsnbits on May 25, 2021, 08:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

Staking is incredible, all the profits it has given me keeps me satisfied to be able to enjoy such good investments. The truth is that I met him with DIVI, it is an incredible coin that never ceases to amaze me and it makes him put more eagerly into all that potential he has to squeeze it out.

https://diviproject.org you should check to see all the percentages that you can get by staking, they are great and totally worth it.

Moeda

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Quote from: bitsnbits on May 25, 2021, 08:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

Have you ever checked Pancakeswap. I think the %APR is higher than what you mentioned from the BlockFi platform. Pancakes have been used by many people. I think it's better to choose this platform than to hesitate to lose your assets.

superman184

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Quote from: bitsnbits on May 25, 2021, 08:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

I guess for the main reason why I don't like the staking feature, I probably can't tell you. But I can make an easy calculation for you. Because the market is currently in a maximum decline. I'm totally against the APR feature. But you can do your research and then your prediction. I hope I delete them all.

travwill

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Definitely yes, if you are one of the people who can be called holders.
In any case, staking is a safe way to further increase the volume of the portfolio without any risks other than those that were already included at the moment of investing in cryptocurrency.

7788bitcoin

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Quote from: daenarys_stormborn on August 27, 2021, 11:08:31 AM

Of course, I highly recommend staking, because in my opinion staking is the most appropriate way to save and earn passive income, my advice is to always use a safe exchange for staking, for example on Binance

Why do you need Binance when you can stake the coins directly from your own wallet. I hold coins which i trust and if i trust the project i can stake the coins without the help of a third party unless you are providing liquidity in a pool. Majority of the time i look for new trending projects and invest a few hundred dollars and start staking once they launch their platform and you could get a much better APR if you are staking during the initial stages.

Ever-young

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Staking Defi coins for me I think is the best, instead of just holding your token on your wallet. Staking gives you some percentage of the token, that's when you stake in the right place, Binance have given me serious of benefits why staking.

Malam90

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Quote from: TastyChillySauce00 on August 27, 2021, 01:29:44 AM

Quote from: Malam90 on August 25, 2021, 08:34:29 AM

Many new projects comes but most of them are risky although they offers massive APR to draw attention of the investors and many go away after raising money.

This is why it's important to choose the best project for staking. Massive APR can be used for marketing and to draw attention of the investors but it can also become gimmick. However if we stake in a reliable platform and stake for the best project available, it prevent us from losing and give expected rewards. Only choose a project that's already popular for staking like AXS or also PYR since they already have markets in my opinion, therefore it has really small chance of making us losing our staking.

Right, new projects with high APR sometimes brings danger for the safety of the investment. Recently Kapeswap first offered high APR and later they scammed but fortunately i have come out before scams. I agree with you that we have to select the project already popular and familiar for honesty. After all, staking is now a hot trend of passive income that we can't deny but needs to be careful otherwise funds may be gone to the scammers' hands.

Veter2000

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Everyone should decide for themselves based on their attitude to risk, investment horizon, financial situation and level of knowledge in cryptocurrencies. For me, staking, crypto-lending, investments in pools in DeFi are much more profitable, profitable and less time-consuming and less stressful than trading. I can advise you to take a closer look at CelsiusNetwork, Nexo, BlokFi, Autopharm, Belt

andireynold98

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Quote from: bitsnbits on May 25, 2021, 08:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

Well i just know staking for a while. First time i was staking on cake/bnb at pancakeswap, they have such great APY up to 50-55% at that time. Now i do staking too on Divi, divi is really great with their staking too also their rewards weekly for sure and they have average APR too. But Divi is on another blockhain, he has his own blockchain. If you're searching up for an alt coins/project you should check Divi out. But make sure to Do own research first before more dive in to it.

daenarys_stormborn

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Of course, I highly recommend staking, because in my opinion staking is the most appropriate way to save and earn passive income, my advice is to always use a safe exchange for staking, for example on Binance

Pelana vreo

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Quote from: bitsnbits on May 25, 2021, 08:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

You can staking on Binance, Atomic wallet or MEW, there are many options but if you are looking for high APR then it is difficult for you to get, because on average staking gives you 10% and I think that's good.
Btw, you can stake other coins on the Binance exchange, earn passive income and increase your portfolio for long term profits. DYOR

Benefactor

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You generally need to recall that assuming you need to stake them there you need to send your coins there and with that there is consistently a danger implied. Trades can be hacked and this might actually prompt a complete loss of your coins. It additionally gets your venture and keeps you from not investing it during distressing energy.

MauJohn21

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Quote from: bitsnbits on May 25, 2021, 08:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

You could also consider staking with Divi, not only is it still a good alternative to generate passive income and thus increase investment, but its technology is one-click so it facilitates the whole process.

Ulvajaya

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Quote from: repear7 on May 25, 2021, 10:50:47 AM

Staking is better than holding. If you hold any stackable token/coin for long term. Then it’s better to stake that. Cz, You will get some staking reward from it and you still a holder of that asset.

That's right as you think, because then we are safer and don't need to be wary of losing our Ethereum, and I've also done that so we can get bet rewards from these tokens and the assets we keep

mumang siat

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Quote from: Golftech on August 26, 2021, 12:02:51 PM

Quote from: mumang siat on August 26, 2021, 09:48:57 AM

Quote from: bitsnbits on May 25, 2021, 08:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

All forms of transactions will definitely get risk, either intentionally or not, but we can minimize this by first studying the transactions that we use, you also have to really know how to do it, I think everyone has prepared the steps in making transactions, even We will find the smallest level of risk anywhere, so any form of transaction is definitely risky, whether using ethereum, BlockFi or others.

If you don't have further knowledge then risk is much greater,

It's true that with good understanding your chance to succeed is way high,

just needed to widen your resarch if your really wanted to lessen the chance of losing your money and risking
your investment.

internet have a lots of resources to find information about things that you wanted to understand much deeper, do your DYOR.

That's right, it takes sufficient knowledge to enrich knowledge and understand the level of risk that will occur in the future, if we do not have that knowledge, it is very likely that we will experience big risks.

Research also needs to continue to be carried out, to understand the current conditions and reduce the risk of losing money on previous investments, if all of this we can do well, then the chance of loss will be very small in the future, currently there are many internet providing the latest news, maybe This can also be used to add insight.

Melignya

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Found a good article on the subject, I think you'll find the information you're looking for here https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto

TastyChillySauce00

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Quote from: Malam90 on August 25, 2021, 08:34:29 AM

Many new projects comes but most of them are risky although they offers massive APR to draw attention of the investors and many go away after raising money.

This is why it's important to choose the best project for staking. Massive APR can be used for marketing and to draw attention of the investors but it can also become gimmick. However if we stake in a reliable platform and stake for the best project available, it prevent us from losing and give expected rewards. Only choose a project that's already popular for staking like AXS or also PYR since they already have markets in my opinion, therefore it has really small chance of making us losing our staking.

dhemasm

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Quote from: Ronzybloch on August 26, 2021, 11:23:41 AM

Bro , staking is 100% intreset and interest is haram in islam , as a muslim i will never recomende to you about staking , and by the way If there is a market crash, and you have stake your any coin, then the value of your holdings could decrease so it's beter not to stake .

Umm, Basically i'm also islam but this it's not suit to discuss it here since not all members all here was muslim. Some altcoin especially ETH, BNB, TRX, BTC have low risk comparing to other altcoins and the rates that offered was also high so it was really worth to stake, I mean where is the bank that offering more than 5% Interest rate. If you want more safer than you should try some USDT or any stable coins staking options, Some exchange like Binance and Kucoin so far i know it's offering this but it's have limited slot.

Ryker1

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Quote from: rjsolutions28 on August 26, 2021, 12:10:38 PM

Quote from: bitsnbits on May 25, 2021, 08:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

Staking is a lucrative investment. There is little risk since staking means holding the token. My go-to Staking Platform is Defi Magic. Their APR, APY, yield is absolutely green and it is a great project. I recommend you check it out.

Well that is what we called here a playing safe in the market while holding you are gaining from the platform where you stake your asset.
Staking is less risky but it is also less of making a profit, there is no potential that it could earn a big amount in just a single day. All you have to do is to wait a month or year for making a profit and the risk could be if the exchange platform where you trust your money will perhaps shut down in the future and there is nothing you can do. In my own, staking is good but you need to choose which exchange is trusted.

Topic: Do you recommend staking? (Read 6473 times)