Topic: Do you recommend staking? - page 15. (Read 6434 times)
I dislike with staking with little ROI giving almost staking coin, better choose and trade your assets for buying and selling potential coins like LTC, BNB and many potential other coin have good for long or short term trading. Staking only with potential coin is worth but have value ROI giving like BNB or TKO coin, but very risk when price going dump.
Make sure if you are staking choose a coin with a high trading volume. although sometimes the offer of high interest rates is also a big risk. when the market crashes the price has a big drop. usually I choose coins with a market that is already large and also has a high level of confidence so that this can be another consideration because if the price drops it can be quite deep. of course you have to understand the risk
While it looks good but considering the risks of staking, I have also personally staked a small amount of my assets on your platform mentioned from an earlier period when the market was this market has not received much attention. However, at this stage, I don't think it is very effective, but it also depends on the point of view and your property want to use for it.
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 BlockFi seems to not have that high risk compare to other staking platforms since many are using it but still, once you put your money there they have a complete control of it. Will they make an exit scam?? I don't think so.Thanks!
Staking in Ethereum needs a whopping 32 ETH which not all investors can't afford. You have 2 choices, either join a staking pool and stake there which has a high risk and another one is to stake in platforms like BlockFi, Celsius and Crypto.com. Staking there isn't the safest but not the riskiest at all.
Now staking in general and will you recommend it. If you are a fan of dividend investing then this might be for you. If you want to hold coins for long term then you might pick some staking coins. Maybe there are some who don't want it but I like it and I will recommend it. I'm currently holding some staking coins right now and earning passive income daily or sometimes weekly.
There are many staking platforms out there. Just pick a coin on for example Binance, buy it and stake it there if you want. Make a research first before staking because there are some who has a downside like for instance Ethereum where if you want to stake you need to lock-up your ETH for 2 years :X.
You can stake ETH at https://ethereum.org/en/eth2/staking/ and become a validator for ETH 2.0 but you need 32 ETH
How many persons can comfortably afford to stake 32 ethereum. That's a huge sum, I believe there should be a modality in place that gives persons with lesser amount the opportunity to stake. Maybe a group of people could be given an opportunity to share a node. In fact maintaining a node requires a great deal of effort as there are some tasks that need to done regularly.
I recommend staking on the Binance exchange because they are proven to pay, not only ETH there are many top altcoins that you can stake there including USDT with a fairly large APR. depending on how long you 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?
While I believe trading is better than staking, I recommend participating in Ethereum staking programs conducted on legitimate centralized exchanges or similar platforms. But in any case, it is risky because the entity can go bankrupt or be hacked. By the way, I heard that the mentioned BlockFi service recently sent a large amount of bitcoins to their customers by mistake, and their lawyers are now demanding reimbursement from them in court.
I also know that many traders stake their ETH and tokens on the Uniswap decentralized exchange. New projects often launch very attractive staking campaigns with a high APY interest, but you need to be confident in teams that promise such the alluring prospects. Sometimes the price of their token drops sharply in a short period of time. Hence, you should always be careful when staking your Ethereum.
Most projects don't need a 3rd party for staking, the team themselves has the wallet where holders can stake their coins. In the case of ETH, however, I'm not sure because its the exchanges the offers staking. Staking is good when you have no desire to sell the investment you have for the token because you trust the project to succeed. There had been many trusted projects in the past like the WAVES, LISK and NEO which are profitable for holders. These days the popular ones are ADA, VET and DOT.
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!
As I search into BlockFi.com and check their review, well, I found it is okay and legit (not 100% sure as we know reviews can be manipulated) Thanks!
https://observer.com/2021/03/blockfi-review-does-blockfi-work-is-it-legit-or-too-risky/
Anyway, staking has had an advantage for those who just hold as they can make some good interest from doing this. However, we have to choose the trusted site where we are can sleep without worrying if our money were just gone one day as they scam you.
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!
There is always a risk when you don't hold your coin and left it on a third-party platform to stake. There is always a possibility of an exit scam no matter how legit their service is. But if they are trustworthy then it is a good thing to stake and earn than letting your ETH sit idle in your wallet. Remember always research and verify the legitimacy of the site.
You have to understand how staking works, know the dates and the rates before you connect your wallet and make sure that you are dealing on a good project before staking. With regards to ETH, You can stake that but I doubt its worth it for a small time hodlers, better to have other options like new project that offers good rates on 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.
Staking coins is a must if you are holding. DIVI does a great job at it from what I can see.
If you plan to hold any POS coin/token, of course, it worth staking it. but you have to research well what that coin will be.
I remember a big hype when masternode coins started, many of them promise a big future but now just a few of them still worth holding and staking. As everywhere, the wrong investment is always the wrong one.
don't be your guide only the highest APR. often it is unfounded and inflation eats up all your profits from staking.
You can pay attention to cex.io exchange, https://earn.cex.io/staking they offering to stake some stable coins, but the great thing is that you can sell/withdraw funds whenever you want and don't need to wait for a locking period.
I remember a big hype when masternode coins started, many of them promise a big future but now just a few of them still worth holding and staking. As everywhere, the wrong investment is always the wrong one.
don't be your guide only the highest APR. often it is unfounded and inflation eats up all your profits from staking.
You can pay attention to cex.io exchange, https://earn.cex.io/staking they offering to stake some stable coins, but the great thing is that you can sell/withdraw funds whenever you want and don't need to wait for a locking period.
Staking is a wonderful method of hodling after liquidity mining and yield farming. Instead of just keeping your asset to your wallet, why not keep it somewhere where it can give passive income. The only problem is finding the right platform to do it
Locking in your ethereum for a long-term income is a great strategy, however this will prevent you from selling in case the prices fluctuate a lot and trading in this could be more profitable.
Isnt Ethereum stacking for ETH 2.0 didnt have withdrawal feature yet? So you cant withdraw it until Ethereum provide the Withdraw function, its could be very risky.
Locking in your ethereum for a long-term income is a great strategy, however this will prevent you from selling in case the prices fluctuate a lot and trading in this could be more profitable.
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!
We are staking a lot on Binance, there is a large selection of coins that you can stake in. You can also do ETH2 Staking. Try to learn about ETH2 Staking on ImToken. But I dare not take risks on other platforms. I prefer Binance, it's a trusted platform.
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Staking sure is very good but it depends on where you are staking them, i personally can not think of anywhere to recommend right now cus am not an active staker, but i will sure tell you to try as much as possible to avoid staking in/on a new project or platform as the risk of loosing your money is always high, at the beginning of this year, i lost over 2 eth i staked on a new project and that thought me a really great lesson,.
So conclusion is that staking is a very good way to force yourself to hodl and also earning some extra reward while doing so, all you have to do is look for a good platform to start your staking business.
So conclusion is that staking is a very good way to force yourself to hodl and also earning some extra reward while doing so, all you have to do is look for a good platform to start your staking business.
Staking makes money for you in a passive way but make sure that you always do the math and you know that if you stake, its worth it since some staking are more profitable if you have more holdings and some staking site requires a specific number of holdings before you stake. I’m not familiar with ETH staking though since I only stake few altcoins, you can also search about Apeswap staking, and with regards to risk there’s always a risk.
The only thing that I would consider stacking would be Cardano. You can get 5% on annually and you can remove coins from pool whenever you like.
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