Topic: Do you recommend staking? - page 12. (Read 6473 times)
Bets do so at your own risk. And yes, you need a good amount of investment to get a decent percentage. Nowadays, many exchanges are staking on their exchange tokens. I made investments in some, I think it's a normal option.
Staking is an easy way of getting passive income without the need of any extra equipments but the bad side of staking are
1. You are entrusting your money to centralised exchanges which can become a victim of hack someday
2. You need thousands of dollars worth of coins or tokens in staking to earn something reasonable every month or two weeks
1. You are entrusting your money to centralised exchanges which can become a victim of hack someday
2. You need thousands of dollars worth of coins or tokens in staking to earn something reasonable every month or two weeks
As far i know the safest staking site only on binance but i don't think they can give you big interest from staking ETH. They will pay your interest dailly, if you want to stop ur staking then only your interest will gone.
Previously, I saw that there were still many who had not used the excellent features offered by a platform such as staking and others, and now many people have tried it as you said. This means that we don't only focus on Capital gain but occasionally feel the power of passive income through staking, launch pool, launchpad, and maybe a few more features later. Using Etheruem it can also be done and the amount is in accordance with the terms and conditions.
You can also try it with BNB, for example, if you have BNB and you are staking the value will increase to 11 BNB at the end of the year, and if you continue the calculation will increase again.
You can also try it with BNB, for example, if you have BNB and you are staking the value will increase to 11 BNB at the end of the year, and if you continue the calculation will increase again.
I ever did staking several months ago and I only got very small rewards. Theproblmeis that I didn't analyze at first the rewards that I can get in one month. You know, you must consider whether it will be more profitable to stake your coin or trade it in the market so that you can get more and more profits. And about staking on Ethereum platform, ensure that the platform is reputable and trusted, never trapped on the scam.
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!
Thanks!
I recommend you to staking Ethereum if you really want to invest in Ethereum for the long term, because by staking you can get passive income and I suggest you to staking Ethereum on Binance exchange, because Binance exchange is one of the largest exchanges at the moment, so of course it's very safe and APY on Binance exchange is up to 20%, therefore I recommend you to staking Ethereum on Binance exchange, because your Ethereum will be safe and you will get passive income from staking Ethereum on Binance exchange (has a high APY).
Staking is recommended as long as the APR is a good one and can surely give you high rewards in return.,
Ofcourse people want get high returns . but its must be reasonable value and had clear statement how the coin staked. example for putting $10k into exchange for a year and just hoping get interest from it there is quite frustateing 1 year its quite long time. the option for this are im preferred buying masternode instead staking . rest of your statement im agree with it.
Staking is recommended as long as the APR is a good one and can surely give you high rewards in return., The factors that's needed before staking is checking if the site is of good and secure place to keep your money for long time, to me staking eth does not have a good and high APR, you can only recieve good and comfortable rewards if you can be able to stake higher quantity of eth.
In this period of time, decentralized exchange gives higher APR, why not consider them, I am currently staking my BANANA coin on apeswap finance which is giving me big rewards, why can't you.
In this period of time, decentralized exchange gives higher APR, why not consider them, I am currently staking my BANANA coin on apeswap finance which is giving me big rewards, why can't you.
There are lot of big project has great program like staking with profitable for everyone. You should be wait very long time for getting staking rewards so ask yourself first what would be best think. Otherwise i won't recommend you without details your target. Anyway staking program more safety for old big project so you can avoid new project right now even if you have less knowledge
of course staking is highly recommended, because it is very suitable if you want to make long-term investments, instead of just holding coins, you should do staking, because it is more profitable, but don't staking if you want short-term investments.
He wants to stake his Ethereum and there's no wallet that supports it yet but only those exchanges.And that's a big red flag if you're wanting to stake on an exchange instead to a wallet which you can hold your coins. I agree that if you're targeting long term gains.
Staking is a good option but not too rewarding but you get a profit from doing it just as you hold.
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!
Thanks!
I also have some Ethereum in my BlockFi account and I think it is worth investing in this staking because you could easily earn a good amount of interest like for example a big percentage like around 10% is actually pretty good as an interest rate.
Through the years of your investment, if you don't are not planning to cash out your investment or your really planning to invest for a long-term investment like looking for around 2-5years from now, it is totally gonna be worth it.
You could just imagine an Ethereum that could 10k$ or more and your Ethereum also increases its volume because of the interest so it's an easy profit actually. But it actually has a big risk since its usually most of this investment is centralized so your account could just lock or maybe after 5 years the website will be closed or the coompany.
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!
Thanks!
The APR for staking is almost the same on all platforms. If you look at a platform that is making a high APR. You will have to relearn about the platform because there is a possibility of scams.
To recommendations, I prefer trading over staking. We must be prepared for all risks when investing in crypto.
Its haram for all Muslim.
So muslim brothers anrld sisters stay away from it.
If YOU are a non muslim its a decent source of income for you though its no permissible in islam....
So..
So muslim brothers anrld sisters stay away from it.
If YOU are a non muslim its a decent source of income for you though its no permissible in islam....
So..
there are already many platforms that create crypto-asset staking programs. I saw that UniSwap and some personal wallet platforms like trust wallet also collaborate with exchanges that support staking. now there are so many to choose from where we can put our money. even new exchanges also support staking.
There are reliable places where you can stake your unused assets. If you think that you may get a better value for the assets you own after a certain period of time, then the best thing to do is staking. It will not only help you to hodl your coins, but also give you an interest payment during the staking period.
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!
Thanks!
Lots of people will tell you that BlockFi is safe & your money is safe but it’s not 100% safe when you don’t control access to your own coins. If an outside source has any control over your money then there is a risk of a hack or a rogue employee theft etc. Don’t do it!
I do not recommend staking on anything that has not a long lasting record of real use for the network, since staking is just about getting rewarded for the safety of a network and that only makes sense if the network has sufficient transactions to make it even worth being secured. Many people are confused with words such as "dividends" or "returns" but the truth is that value cannot be generated without user willing to use the underlying network. How many use cases are already in place for the network of your choice? Probably none.
Ofcourse.
It's actually a bad idea to buy and stake, esp longterm, a cryptocurrency that isn't:
1. Well decentralized,
2. Consensus-driven,
3. Based on fair rules that can't easily be changed without stakeholders permission,
4. Censorship resistant,
5. trustless/permissionless,
6. privacy-friendly/anonymity-friendly,
7. Immutable
8. secure,
9. very useful
etc
It's a gamble/big-risk to stake lots of coins that aren't safe/well-decentralized , or with coin/platform controlled by people who can easily breach the social contract between them and participants.
it is a variant and depends on the price of the coin, if the coin is stable and does not experience very high fluctuations such as top 20 cmc will get a smaller APR, in contrast to new coins which can offer apr up to more than 1000% but the risk is also greater, of course most people would prefer the safe option.
for the long term, I think what you mentioned is good for choosing top assets that are more interested.but for people who are ready to risk choosing a new platform with new assets usually gives a good return.
I am interested in Apeswap and Rushmoon. I haven't put my money in yet but they look great as an eye-catching upcoming platform.
People who loves to explore and knows how to handle risk are those who managed to earned decent.
tough decision to take if you are unsure with how this kind of business works, you need to work with developers who shows good
developments and continuous progress both new and old platforms will work as long as you'll do your research and never to fall from
projects that mostly created for quick pump and dump.
Total of staking market cap currently up to $600 billion, this number is very high and the trend of staking continue soared. This number also about 1/3 from the total of crypto market cap. More people prefer to invest by staking crypto because of higher interest rate than interest of traditional bank. To maximize return of staking, choose the coins with strong team and community to avoid decrease value of the coin and keep learning about the trend of market.
Nowadays more people think staking will lead to better profits. especially when the market is in a downturn.I also heard that UniSwap is also re-opening their staking program. because maybe more and more exchange platforms are implementing staking.
Total of staking market cap currently up to $600 billion, this number is very high and the trend of staking continue soared. This number also about 1/3 from the total of crypto market cap. More people prefer to invest by staking crypto because of higher interest rate than interest of traditional bank. To maximize return of staking, choose the coins with strong team and community to avoid decrease value of the coin and keep learning about the trend of market.
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