Do you recommend staking? - page 6. | Bitcointalksearch.org

Hannahanto

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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!

To best answer I'll say every single step we take on crypto has a risk. That's why we use TA, take profit and go home to bring in the risk management to enables us to minimize the lost we where suppose to go below.
Staking is actually not bad like I see someone said, you can enroll to ETH2.0 at binance with your 32 ETH
Or better still buy some $NEAR tokens and hold, just stake all
Then come back in a year later to tell us how you became rich over a year.

NicNacCoin

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Recently staking is the best way of making money without any losses. Recently most of the people and projects offering their stakes plan during their Token sale. I always support and suggest to stake ..

MSN02

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Yes, there is no point to it stake. I earn 11.2% apy with NEAR which is crazy. In a bear market this is great because I?m still getting returns and in a bull market I get these returns on top of how well it is doing in the market. Staking is easy passive income and there is no reason why you shouldn?t do it especially in NEAR since the tokens aren?t locked, you can pull your money whenever you want.

cabron

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Staking is safer than other programs which at any time a staker could just unstake and liquidate his funds if needed. But I'm just going to recommend staking for the projects that are really top coins because its guaranteeing a good price of the token that is also growing. There are many defi projects that also offers staking but the price of these tokens are dropping which in the long run the value of your money is also not growing.

cute nmp

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I won't recommend it to any one have been staking different kinds of coins but up till now haven't made any decent amount of profits from it .I believe staking is meant for those people that invest lots of money so as to get huge amount of profits but for the middle and lower
Classes it is better to hold for a longer period of time and make some profits from it.

xiboothrezi

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Quote from: wallet4bitcoin on July 28, 2021, 12:39:33 PM

Personally I like staking more than holding a coins for a long time. Because, Holding can make me profitable by only price increasing, But, staking can make me profitable from two side. One is price increasing and another one staking reward. But, be careful to choose staking platform. Sometimes people go with some scam staking platform for high APR.

Staking is indeed more profitable than just holding it, because we can get rewards from what we deposit. but be selective in choosing a platform, only use a trusted platform that has been around for a long time to give satisfaction and trust to its users. because many scammers take advantage of this trend to create fraudulent projects, don't let your funds be taken away by fraudsters.
Staking can be an option to get passive income, just choose a strong coin like eth, effective for the long term.

livingfree

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Quote from: gustavroy on July 28, 2021, 11:42:12 AM

Staking could be nice if where is good rates. Without good rates its totally worthless. Also i dont like to stake pairs. But in lots of exchange big portion of staking options are pairs.

I don't understand what you mean by good rates and pairs.

You can stake as much as you can with different altcoins that have the staking feature whether it be for the exchanges or for the wallets that they totally support.

bryant.coleman

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In the past, I had very bad experience with staking, and therefore I wouldn't recommend it to anyone else. I invested in a few PoS coins (Deep Onion, Veil.etc) back in 2018, but suffered huge losses as the exchange rates went down (and I was staking my coins 24x7). It may be because of the general downtrend in the market (2018 was a very bad year for altcoins), but I never tried the PoS coins for investment again. Overall, I am not a big fan of the PoS coins. The only coin in this category that has caught my attention is Cardano.

wallet4bitcoin

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Personally I like staking more than holding a coins for a long time. Because, Holding can make me profitable by only price increasing, But, staking can make me profitable from two side. One is price increasing and another one staking reward. But, be careful to choose staking platform. Sometimes people go with some scam staking platform for high APR.

gustavroy

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Staking could be nice if where is good rates. Without good rates its totally worthless. Also i dont like to stake pairs. But in lots of exchange big portion of staking options are pairs.

GatotKaca

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Quote from: RussianEnglishTranslation on July 28, 2021, 03:55:59 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!

Yes, but on decentralized platforms or wallets, not centralized services that can steal your funds or block you due to regulations or something as trivial as a wrong phone number. I'm staking ETH and NEAR.

you have a good selection of staking assets.
I myself bet CAKE, ETH, SOV, and NMX.
I see something good about this asset. I keep it for the long term. Staking will give me more assets while waiting for the momentum for me to finally get back into the market to sell them.

barabeku

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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!

If you strongly believe in Ethereum you can try Ethereum 2.0. staking. And now you are not to have at least 32 ETH and you even can return your money from staking earlier than Ethereum 2.0. launches. It is available because of different new projects, now I will tell you how.
To become a validator you can:
Launch your own node by staking 32 ETH;
Via non-custodial validators (p2p.org);
Via custodial services (crypto exchanges);
decentralised pools.
Lido creates an on-chain asset, stETH (staked ETH), which is issued in exchange for ETH sent for staking on Eth2. stETH can be bought, sold and used as collateral in DeFi protocols, increasing capital efficiency and the ability to generate increased income. So your Ethereum will not be locked.

RussianEnglishTranslation

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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!

Yes, but on decentralized platforms or wallets, not centralized services that can steal your funds or block you due to regulations or something as trivial as a wrong phone number. I'm staking ETH and NEAR.

lumierre

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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!

Personally I stake my crypto in different pools and in different projects. I think staking is quite safe if you find a reliable place. I don't have an experience with staking Ethereum, but in terms of altcoins, I really like puncake swap, which offers quite a big APR and fees are very cheap on BSC compared to Ethereum mainnet. Also I can recommend Uniswap for ETH, although I haven't worked in it because of fees.

Text

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I think it's better to stake Ethereum if you aim to HODL for long-term investment especially if you have a large amount to stake. In Binance there is also Staking, their Binance Earn, so far up to 21.6% Est. APY to ETH 2.0 in fixed duration. Your coin is safe especially if you are on a trustworthy platform.

Balmain

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Staking with the pos system is good, but you need to evaluate the project you will invest very well.I don't really like the pos system because I think they are centralized in this way, at least we can say semi-centralized. For now, we can say that it is valid in the time we are in, but will this be considered valid years later?

Nazmul012

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Staking isnt a bad idea as you can see people doing their staking ad earning good APR from it after end of required timeframe.Even I had done ether staking on private server but that was long time ago and can't remember the full process at this time but you need huge amount of ether of you want eth staking but i only give private server more priority than exchanges

lumeire

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Wouldn't it be better if you staked on Binance? although the APR is small, the risk of losing coins is very small and of course if you are looking for a high APR it usually occurs in some newly listed tokens or some tokens that are currently hype, if for BSC many pay a high APR but all risks can certainly happen.

I don't trust exchanges for my own coins, I prefer to stake the tokens on a private server as if it gets hacked then it would be because of my own mistakes and no one else would be responsible for my loss. But if Binance gets hacked due to any fault then we would be the ones loosing the coins.
I personally invest and stake those coins which are already established, even if they have very less staking rewards but still they would yield good profit in the future as my bag is being bigger in size with time and the value of token would also increase with time as well.

Gayong88

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In my opinion, staking is good, but there are many things that must be seen if the tokens/coins that we want to locked staking and if suddenly, arrive at the pump you can't sell them quickly, my advice is always to see where the market is going and wait for the right moment to enter the market.

blockman

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I personally favor investing in staking. It is a very safe investment. Even if the amount of profit is less here, your money is not likely to go away at all. And I have made and am making a lot of money through staking.

Unless you don't do staking on exchanges. It's safer to do staking not on exchanges but if you have a coin that's good for staking, search for which wallets support it for staking. The wallets that you can hold the private keys and you have access on it. Unlike in the exchanges, they don't give you that and there is staking support in Ledger wallet, which is one of the most popular hardware wallets that we have. You can start staking your coins there as long as it's supported by them if you own one.

Topic: Do you recommend staking? - page 6. (Read 6492 times)