Topic: Do you recommend staking? - page 13. (Read 6434 times)
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I can only suggest you staking on Binance and use some of the coins for staking. If you have BNB on that exchange, you can easily earn some reward from new coins/tokens, but that will depend on how many BNB you have. So maybe I can recommend you to stake, but only on Binance because I do not know how big the other platforms can reward you. Staking is one way to earn a reward, but it needs some time before you can earn nice rewards, so you need to be patient to wait for that.
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.
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!
For the risk of losing coins I don't think it will happen if you use the right platform,
such as Binance or other big exchanges, yes Coinbase, does Ethereum staking have not a large reward,
if it is said to be worth it? Of course it's still worth it, because Ethereum has strong fundamentals and you can hold it long term.
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It’s depend on which coin actually you want, where you want to do that, and You are a long term holder or not.
So if anybodh want to stake the coins somewhere, check how much trusted the site and what is the reward %. If the rate is good then you should keep them in staking. Otherwise holding crypto always better to hold in own wallet.
So if anybodh want to stake the coins somewhere, check how much trusted the site and what is the reward %. If the rate is good then you should keep them in staking. Otherwise holding crypto always better to hold in own wallet.
Honestly I believe staking is the future of the crypto world, I believe everything will be staking in the future. Obviously speaking we are not going to have it today but it is going to happen very quickly and it is going to happen in the future. Look at even ETH they are moving to staking right now. This is why I think there is a good chance that even bitcoin may turn to staking in the long distant future when it is perfected, of course it will require a lot of tech improvements on staking but it may happen, we moved to segwit so why not move to staking as well that may happen.
There are tons of staking chances in the erc20 and bsc world right now that gives you a lot of money and I think that will be the case for a very long time, defi world change the staking word a lot and made it into something that everyone could want and can profit from.
There are tons of staking chances in the erc20 and bsc world right now that gives you a lot of money and I think that will be the case for a very long time, defi world change the staking word a lot and made it into something that everyone could want and can profit from.
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 am people who againts staking offchain. The staking at first made by Darkcoin ( Now Dash )team to secure the network and not like banking when you deposit money to lend it. Every entity in crypto world offer you with centralised staking or off chain staking can damage crypto it self. Remember bitconnect ? Bitconnect also offer people to do that and they judged as ponzi.
unfortunately i am not staking fan. iam prefer use my asset for short time to accumulate my coins. staking give us around less than 30% in a year. and for me its bigger in daily medium trading term. and also i could prevent for losing value while market dump. for conservative investors maybe its suitable for them.
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.
Yes, this is what I am trying to get out. Most of the posts in this thread seem like brainless pyramid feeders/suckers.
What is the value that the holder of your coins gains that allows them to pay you out a "dividend?"
The holder is not a company, that your purchase ownership, which produces profits, e.g. stocks.
The holder is not a bank that can loan out your money for a higher return and give you a cut, e.g.fixed term deposit accounts.
I can see how it could work in a network like Cardano that uses proof of stake. Holders of Cardano get a share of new blocks mined and a cut of fees. It's like owning shares of a company. Is this correct?
But in general, where is the theoretical value created?
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 think this is depend on the platform they are going to use dude, because staking for now is very timely if we use the platform of BSC,
this was based on my observation now in which I think its helpful while the market is down were most of the coins too are too cheap to buy them.
One of the good APR now is Garuda, and more of course and SALT in my own opinion.
Stake ETH at https://ethereum.org/en/eth2/staking/
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!
Staking is a very good way of earning passive income. But I recommend staking only with the official platforms and not with exchanges.
Exchanges can get hacked anytime and depositing a large amount there for staking is definitely risky.
So it's upon you. If you decide to stake a coin then make sure you are staking it through official platforms.
You can choose a coin whose staking requirements are low and yet gives out better returns and then use it's official platform for staking.
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!
Yes I recommend staking. Especially if you hold ur coins so you can earn passively at all times. Thanks!
If you're going to stake you should check out Divi Project, absolute beast at it.
The following article can help you in the criteria you need for the decision you want to make: https://diviproject.org/blog/is-cryptocurrency-staking-profitable
The Divi project is pretty solid and straightforward, so it's worth considering. I anticipate that in the article you will find comparisons with some cryptocurrencies.
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 do recommend staking because it's a good way to earn some more coins while holding your original bag, it's just like getting paid for holding a coin, staking isn't risky as far as you stake with a verified Validator, but if you have up to 32 eth you can become a Validator and stake your Ethereum here before Ethereum 2.0, I'm not sure about the reward you will get though, but you can try it out. Thanks!
Its good if choosing the right coin. just holding coin and get free money how its not good right ? but there is always risk behind staking coin. like decrease value coin itself or overpriced the masternode. most of them staking its for long term investment.
Yes, I agree. there are some coins that have high APR but they don't have good value in long-term holdings. There are so many farming platforms that offer a huge percent of gain by staking/farming but I just recommend with some legit staking platform like pancakeswap and binance staking platform. Binance also have BNB vault that have good staking percentage. You can also stake in Injective Protocol and pantherswap. 
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.
Outside having the exchange hacked it's more profitable to stake your coin since it's not necessarily been traded on any exchange. 10% ROI is not really a bad ratio considering that you only staked your coin on the given exchange. For me outside the risk of been hacked it's a good take for investors. But as regards safety I would recommend you hodl but since life generally involves risk and the ROI is what the stake its worth giving a try
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.
This is true, I would prefer that too than just hodling those Token/Coin I could get additions for by staking but as someone has already mentioned, It is the risk that is involved in staking in some of these sites/exchanges that we should also take into account. 
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!
Go for staking if...Thanks!
You have a lot of coins to guarantee a good amount of profit per month because if you're only staking a small number of coins, it's better to be a swing trader or futures trader with correct entries to gain profit. However, if you have a large amount of ETH, I believe it will be worthwhile because ETH is a potential altcoin. It's fine to go staking as long as you're investing in an altcoin that has a good use and is expected to grow significantly in the coming days.
Blockfi is good. Its a lending platform so there should be a risk there. I have no idea how risky but there are influencers out there who promoted blockfi openly and have recommended it to the public. If one day they gonna make another mistake for sending BTC instead of GUSD the better.
Many exchanges today activated themselves to allow users to stake ETH on them. There should be little risk if you do it on exchanges, its however going to be a massive loss if times come the bear market.
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!
Go for staking if...Thanks!
You have a lot of coins to guarantee a good amount of profit per month because if you're only staking a small number of coins, it's better to be a swing trader or futures trader with correct entries to gain profit. However, if you have a large amount of ETH, I believe it will be worthwhile because ETH is a potential altcoin. It's fine to go staking as long as you're investing in an altcoin that has a good use and is expected to grow significantly in the coming days.
Personally, I can recommend stacking as a great tool for holders. Your coins don't just sit in your wallet, they bring you even more coins.
Compared to trading, this is a wonderful form of earnings that reduces your risks to some extent, because the more holders, the less likely the price will fall.
Compared to trading, this is a wonderful form of earnings that reduces your risks to some extent, because the more holders, the less likely the price will fall.
Hello, can you explain why there is overall value to staking? I give you my cryptocurrency to hold, you do something of value with it, enabling you to pay out an interest to me. What is it that you can do with it that makes this thing sensible?
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