I commonly do it in Binance or other trusted exchanges. Actually, I am not interested in staking. However, during this crash market, I try to stake some coins. I think that it may be better than letting it only in my wallet without going to sell because the price is still very dropped. So, I personally say that it may be good in certain conditions.
however, if you are an active trader and you don't lose your money, it may be better to use your coins for trading than staking. because the profits or results will be more profitable trading. but once more, it will depend on how you are trading.
Topic: Do you recommend staking? - page 9. (Read 6492 times)
I definitely recommend staking, staking is good and will increase your holding over time. Before you join any staking program however, such coin and staking platform must be fully audited, it must also must have had the team renounced their contract for proper transparency and fairness. The platform of such staking must be decentralized as well to avoid manipulations!
I think that staking is a huge advantage for those who start early as the percentages will be higher but at the same time I think it will be a valid solution even for the long term, passive income can give you financial freedom.
Coin staking is indeed suitable for people who have a hodler spirit. Staking usually requires users to hold their assets on the platform for a certain period of time, during which time the assets cannot be withdrawn. yes, if you intend to be a hodler then staking is very effective, because you can get additional assets. but really pay attention to the platform that will be used, make sure it is really safe and official.all strategies must have advantages and disadvantages, understand the risks to face the worst possibility.
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.
Staking is very helpful for holders who plan to long term hold...
Some large exchange sites and also some gambling platforms provide many coin staking features to their users and that can be a good option. I staking BTC on Binance because I hold it long-term, the results may still be small at this time but I am confident with the growth.
given the relatively low value of eth obviously it is not worthwhile to sell it but to move towards staking but my advice is maybe to prefer lower interests / api but on safe sites you can get an idea of the various staking sites here https://www.coingecko.com/it/earn/ethereum
There's still no staking yet for Ethereum unless you move it to exchanges or join those pools that offers it. But as an individual, do you really think that it's fine to stake Ethereum on those exchanges?Well for me it's not. I'll wait until a wallet that I use starts to support or offer Ethereum staking. Because it is where I'm able to hold my keys and when you send it to exchanges and stake it, you don't hold your keys.
I cant really afford on leaving out my coins into leaving into some exchangers or platforms just for you to earn 10-15% APY which is the maximum i have ever seen.
You can really make out your own calculations plus with the risk that you would be facing off if you do really tend into this venture.
given the relatively low value of eth obviously it is not worthwhile to sell it but to move towards staking but my advice is maybe to prefer lower interests / api but on safe sites you can get an idea of the various staking sites here https://www.coingecko.com/it/earn/ethereum
There's still no staking yet for Ethereum unless you move it to exchanges or join those pools that offers it. But as an individual, do you really think that it's fine to stake Ethereum on those exchanges?Well for me it's not. I'll wait until a wallet that I use starts to support or offer Ethereum staking. Because it is where I'm able to hold my keys and when you send it to exchanges and stake it, you don't hold your keys.
given the relatively low value of eth obviously it is not worthwhile to sell it but to move towards staking but my advice is maybe to prefer lower interests / api but on safe sites you can get an idea of the various staking sites here https://www.coingecko.com/it/earn/ethereum
if you don't intend to do anything with your ETH then staking can be the right choice, but if you trade frequently and are not used to storing coins for a long time then trading is better.
Staking takes quite a long time to start making profits,and with a large amount in order to get a greater ROI too.
Trading also sometimes takes a long time so that someone can get more profit because it is very rare for trading in the short term to get bigger results, so this both takes time, although not always the same. Staking takes quite a long time to start making profits,and with a large amount in order to get a greater ROI too.
I am actually staking some coins with kraken. Probably I am doing wrong since "not my keys not my coins" but there is invested less then 0,1 % of my entire crypto portfolio. Why It can be recommend? It can be recommend if you have trust and interest in a coin, and you have some money ready to be parked.
With recent change on the market (pump and dump) of some of these coins staked, it would be un-profitable make any withdraw. But in certain period of time it can be really profitable since there is a double incentive, from the value of token and from coins received.
With recent change on the market (pump and dump) of some of these coins staked, it would be un-profitable make any withdraw. But in certain period of time it can be really profitable since there is a double incentive, from the value of token and from coins received.
Now being popular with farming, it's similar to staking but faster, and you can take your capital at any time. I suggest to farming SFUND in tosdis their project is good, has a good path as well as development. I also farm there, even many of my friends earn very decent from farming sfund.
I better like farming too，comparing to stake，i like farming the way that i can take my capital at any time.So my conclusion is i do not recommend staking. 
Now being popular with farming, it's similar to staking but faster, and you can take your capital at any time. I suggest to farming SFUND in tosdis their project is good, has a good path as well as development. I also farm there, even many of my friends earn very decent from farming sfund.
The last time I've checked about staking is the project itself needs to be realistic because some scammers take advantage of the current trend. they create such promising coins and when there's a lot of investors they quickly turned it to pump and dump. this project is no exception to scammers so you better be careful. I don't recommend going for the random stake coins even though they are cheap in price at their presale. it is better to always avoid such kind of project and look for a huge list of opportunity in the crypto industry.
May I entice you to check on Stakenet's multiple staking solutions that provide an option for everyone, no matter how much XSN (the native coin of Stakenet) they own or their technical expertise. There is no limit to how much XSN you need to begin staking so you could start with just 1 XSN if you wish.
These are the Staking options that Stakenet provide:
- XSN Cloud Pooled Staking
- Normal Wallet Staking
- Cold Staking (TPoS)
For more information, check out their official site: stakenet.io
These are the Staking options that Stakenet provide:
- XSN Cloud Pooled Staking
- Normal Wallet Staking
- Cold Staking (TPoS)
For more information, check out their official site: stakenet.io
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!
Basing my opinion on your title and talking in the aspect of staking as a whole, I would say that staking is very good but there are conditions to be aware of. The first condition is the platform that the staking will take place on, that is, how secure is the platform, are the team anonymous and how experienced and committed are they?; if all these ticks positively then staking is good on that platform.
The second is of course the APR, if a platform offers low APR, that will discourage users and that platform will not grow, thus making staking on such platforms a waste of time.
So the idea is, find a platform worthy of staking on, make sure it is a trusted platform and not those offering very high and unrealistic APR, which do not look sustainable on that long run and you might end up losing a lot. I would still maintain that staking is good.
The first issue you raise is a really important one. There is another thread here somewhere discussing all the hacks that have happened in DeFi just recently. I didn't even know that these DeFi platforms are so prone to attacks.
And guess what: most of them have been audited by reputable code audit companies. That doesn't seem to be the holy grail either. Staking is a risk and make sure you don't lock your funds up for too long. There is opportunity cost involved and the time span also increases the likelihood of getting attacked at some point. If the platform is secure and the guaranteed APR is good, why not, but the space is moving so fast that to me staking sometimes feels like a waste of 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!
Thanks!
Basing my opinion on your title and talking in the aspect of staking as a whole, I would say that staking is very good but there are conditions to be aware of. The first condition is the platform that the staking will take place on, that is, how secure is the platform, are the team anonymous and how experienced and committed are they?; if all these ticks positively then staking is good on that platform.
The second is of course the APR, if a platform offers low APR, that will discourage users and that platform will not grow, thus making staking on such platforms a waste of time.
So the idea is, find a platform worthy of staking on, make sure it is a trusted platform and not those offering very high and unrealistic APR, which do not look sustainable on that long run and you might end up losing a lot. I would still maintain that staking is good.
Some staking coins have a hard crash, close to 90%, and that's hard to recover by staking because most of the coins give between 5% and 10% each year, so, staking is not a recovery warranty.
Is better to hold coins that will rise in the future than staking coins with a risky future.
This is why choose coins that can be staked and as well as known coins so that it won't just crash that a lot. Is better to hold coins that will rise in the future than staking coins with a risky future.
Crashing to 90% for a coin usually happens for those coins that can easily be manipulated by the whales. But if you're staking a coin that's very common, you can get some losses but not up to the point of 90%.
But I agree that it's better to hold coins that are too risky so you can trade it once there's a quick dump.
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 you can stake on Binance. There it will be safer than the others. Binance is trusted, and used by many people. If at any time the price of Ethereum increases, you can Unstake, and sell it, without having to wait for confirmation from the platform.
Yes, I recommend a staking system. cause when market too much dump we can get good something by staking system. we can recover our loss by staking.
Some staking coins have a hard crash, close to 90%, and that's hard to recover by staking because most of the coins give between 5% and 10% each year, so, staking is not a recovery warranty.
Is better to hold coins that will rise in the future than staking coins with a risky future.
At least it should not be the main investment vehicle. For diversifying risks in a falling market, this option looks very attractive. The percentages are lower, but at least they are.
Then can it not be done when the market is rising? because what I see when the market is up, almost anything can be done well, in contrast to when the market is down where everything is not suitable to be done.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 a staking system. cause when market too much dump we can get good something by staking system. we can recover our loss by staking. Thanks!
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