Topic: Do you recommend staking? - page 14. (Read 6434 times)
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.
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.
You can stake ETH at https://ethereum.org/en/eth2/staking/ and become a validator for ETH 2.0 but you need 32 ETH
If you have less than 32 ETH in your bag, you can use the staking pool service. But still be careful and smart in choosing a trusted pool, because this does not guarantee 100% security.
You can start staking and participate in supporting the launch of ETH 2.0 and get profit periodically by staking ETH here (for those who have less than 32 ETH): https://beaconcha.in/stakingServices
The site is a direct Ethereum recommendation, which is if you go to the page : https://ethereum.org/en/eth2/staking/#stake , and click on the See staking services link
I've read some of the material and I don't quite understand on what basis the ETH stake is returned. Is it a smart contract that determines when/to what address the ETH stake is paid or does the Ethereum organization decide when to release all the stakes?
Who controls the ETH addresses that my stake would be sent to?
Finally, is setting up a "validator" too difficult for a computer idiot like myself?
You can stake ETH at https://ethereum.org/en/eth2/staking/ and become a validator for ETH 2.0 but you need 32 ETH
For those who do not have 32 ETH on their balance, Binance has prepared a similar program for staking https://www.binance.com/en/eth2 But we must remember that the more ethereum is used in staking, the lower the APY. But I am repelled from such staking by the lack of an opportunity to sell coins at high and buy at a low price.
Is Binance pooling users ETH together to come up with 32 ETH batches and then setting up validators for them? Is this how it works?
What cut is Binance taking from the gains?
Quote
We will redistribute 100% of all on-chain rewards to our users.
If they return 100%, what benefit does Binance get from this?Quote
The on-chain staking income will be distributed in the form of BETH to your Spot account on a daily basis.
Additionally, you can get the rewards immediately rather than waiting the ~2 years that are required if you stake directly with ethereum.org. I don't understand how this can be good for Binance. What is the catch?
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You can stake ETH at https://ethereum.org/en/eth2/staking/ and become a validator for ETH 2.0 but you need 32 ETH
If you have less than 32 ETH in your bag, you can use the staking pool service. But still be careful and smart in choosing a trusted pool, because this does not guarantee 100% security.
You can start staking and participate in supporting the launch of ETH 2.0 and get profit periodically by staking ETH here (for those who have less than 32 ETH): https://beaconcha.in/stakingServices
The site is a direct Ethereum recommendation, which is if you go to the page : https://ethereum.org/en/eth2/staking/#stake , and click on the See staking services link
Plenty of risk.
Ideally, you want to stake on your own wallet/pc. If you stake by sending your coin somewhere, there's always a chance you'll lose it, either by manipulation or hack.
This also goes for smart contracts, as history has shown they are not ideal
Ideally, you want to stake on your own wallet/pc. If you stake by sending your coin somewhere, there's always a chance you'll lose it, either by manipulation or hack.
This also goes for smart contracts, as history has shown they are not ideal
Staking is good if you believe a coins value will go up, and if you are also a holder this is an opportunity to grow the quantity of coins you have not only in terms of value, so basically this a having 2 for the price of 1.
But imo try find a different coin to stake than eth
But imo try find a different coin to stake than eth
Staking can be another way for people who want to make money in the long term, but they need to have patients wait for the result or increase the high price. You can use many coins to staking and earn reward daily, weekly, or monthly, but you should select only the coin that has the potential to increase. Besides that, you should calculate your money that you want to use for staking and not use too big money to staking the coins.
It depends, if you are holding your ethereum long term then you better stake it. If not you betger stay away of it since you will be required to lock your funds for a long time.
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!
remember that anything that looks so good can be not trusted . Thanks!
if i were you i will stake only on staking platforms with fair returns and not too much because its better to earn small than not earning and end up getting scammed but you will still need to perform a research before using them just to be sure .
there is a risk in any investment including staking and its not recomended in my opinion if your already trading or investing
Better indeed, those projects who offer alluring returned needs to assess more deeper,
there are many staking coins to pick, sort it out by performing deep research. There are some that's really giving decent returned while most give small amount but due to continuous development such small amount can turned to decent value, do your deeper analysis before you place your money into project that you think will give you nice returned.
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!
If you are a long term ethereum holder and wants to keep increase your holdings while doing that then you can choose staking and blockifi can be one if the good place to stake but the USD value of your crypto assets might fall at the time of staking period so your portfolio value as well, so after a year even you multiplied your holding by 10% you maybe left with huge loss interms of fiat.Thanks!
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!
remember that anything that looks so good can be not trusted . Thanks!
if i were you i will stake only on staking platforms with fair returns and not too much because its better to earn small than not earning and end up getting scammed but you will still need to perform a research before using them just to be sure .
there is a risk in any investment including staking and its not recomended in my opinion if your already trading or investing
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!
If you are a long term ethereum holder and wants to keep increase your holdings while doing that then you can choose staking and blockifi can be one if the good place to stake but the USD value of your crypto assets might fall at the time of staking period so your portfolio value as well, so after a year even you multiplied your holding by 10% you maybe left with huge loss interms of fiat. Thanks!
I am a fan of staking, its a great way to earn with crypto trading if we don't have the time to do our own research and need to rely on others. The first experience I got with staking was in university when a friend of mine started with future trading. You needed to have a certain amount of money as security before you could start trading, so 4 friends of mine pooled money and we staked him. I'm general I think staking is good, but at the moment we have very volatile days in the crypto market. The risk of losing money is higher at the moment.
You can try farming Sfund. Currently there is still a little farming, and the project is quite good for the long term. These days they talk of being listed on a tier 1 exchange. It's very interesting.
I dont have experience in staking but for me its seems good than holding on your own portfolio in my personal opinion. because on that way you cannot make an exit because of panicking especially when there's a massive decline in the market, wherein its safe probably and no matter what happen you still have rewards at the end of the day after the staking.. Actually every exchanges has this stuff maybe only through trusted exchanges is good way to choose some of this.
in my opinion staking is definitely recommended but only if you know what exactly you're doing, the chance of losing your coin is always there as I heard smart contract breach could allow any malicious person from stealing your money but it happens very rarely since most of the code usually audited first not to mention it's defi we're talking about.
But, you must also remember that staking isn't just waiting for it to give you the promised APR, many thing could happen betweet the period of your staking moreover if it's locked it could pose some danger of missing opportunity, so you need to take into account all the possibility that could occur within your period of staking however I always recommend a reputable staking platform.
But, you must also remember that staking isn't just waiting for it to give you the promised APR, many thing could happen betweet the period of your staking moreover if it's locked it could pose some danger of missing opportunity, so you need to take into account all the possibility that could occur within your period of staking however I always recommend a reputable staking platform.
I typically see staking (not consensus based Staking like PoS) as an investment to support a Decentralized network, except they pay you interest that isn't guaranteed to be profitable... it's more like holding long-term Bitcoin World.
It's good idea to stake on decentralized/secure networks long-term, Or you could aswell buy a more secure deflationary cryptocurrency longterm and hold the crypto securely to benefit from its long-term price increase.
It's good idea to stake on decentralized/secure networks long-term, Or you could aswell buy a more secure deflationary cryptocurrency longterm and hold the crypto securely to benefit from its long-term price increase.
You can stake ETH at https://ethereum.org/en/eth2/staking/ and become a validator for ETH 2.0 but you need 32 ETH
For those who do not have 32 ETH on their balance, Binance has prepared a similar program for staking https://www.binance.com/en/eth2 But we must remember that the more ethereum is used in staking, the lower the APY. But I am repelled from such staking by the lack of an opportunity to sell coins at high and buy at a low price.
Staking is good way to earn pasif income with less risk. The risk of staking is the high volatility of the crypto asset and we can avoid it by staking of stable coin. Many investor who dont have any skill of trading, prefer to invest their crypto asset by staking. For staker who do want to stake the assets in long term, for the better choose decentralize platform so we have full control with our fund. To staking ETH , my suggestion to stake it on DEX like waves,exchange that offer above 7% annual yield. In this platform also available staking of others coin, like BTC, WAVES, USDT, USDC and other products.
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