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I am totally agree with you because Binance is now the best exchanger in crypto world and I think it's much safer . I also don't see anything wrong with stable coin staking on Binance. For those who have funds that can be urgently need at any time, for those I think flexible staking on Binance is best. At least better than keeping fiat money it in the bank.
Topic: Does staking even make any sense - page 2. (Read 8432 times)
It is best that we keep our own coins in our hard wallets. But there is no wrong when people are staking even on decentralized platforms like Binance for example. There are risks but if people knew that then it is fine. If it is extra money then a thousand dollars earning $95 for a year is very good enough. We're talking about returns in contrast with banks very low yearly interests on our savings.
Instead of bashing people that staked their coins, why not share to us better ways to earn more?
Instead of bashing people that staked their coins, why not share to us better ways to earn more?
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.
At least the 1000$ you set up in stakes via Binance grew by 95$ in 1 year. Instead of putting it in the bank, that's not how your money will grow. But I think my advice to you is, next time you stake money, don't go to the Binance platform, better in my opinion according to my research biswap is one of the good rather than Binance in my own assessment, at least on this platform you can withdraw the money anytime Unlike Binance you cannot, due to it will be lock up according to your set up period. It's like a time deposit, in biswap it's the same but you can take it out at any time or even you just want to reduce it.
Personally, I think that betting is certainly interesting, because after a successful bet you get a positive result. So he can just bet on another coin, where the income will be much higher. You just need to be patient and draw up a profitable strategy for yourself and get much more profit from the bet.
doesn't stable coin only offer the lowest returns?, even your bet is very influential from the size of your bet and the bet really depends on how much money you have. if you have a little money in my opinion you should consider your bet. My explanation seems very reasonable
I am totally agree with you because Binance is now the best exchanger in crypto world and I think it's much safer . I also don't see anything wrong with stable coin staking on Binance. For those who have funds that can be urgently need at any time, for those I think flexible staking on Binance is best. At least better than keeping fiat money it in the bank.
Yes, I can say staking in Binance is better than keeping money in Bank, on my personal experience I have left my bank with 400+$ and in almost 2 years I only get less than 10$ since I needed cash and decided to withdraw. I was surprised it's very small.
It's a yes if you also understand the risk behind this business, though Binance already established more clients all over the world and just how you give your example with your savings from the bank APY is much lesser compared to what Binance offer, if you have that trust and you have a good amount of money that you can hold for some time, taking advantage of what binance is offering might be fit for you. Earning while saving your money by means of staking all will depend on how you understand the potential profits.
Try with 10,000$ and see the difference, stakes are for rich people but also we have defi staking that takes 30,60,90 days just to get 3-15% returns I think this are better than yearly staking.
I agree. Staking pays more depending on the amount you are staking plus I believe those that might even want to stake even when their hodlin is small might see it as still getting some thing from t while they hodl that amount of time instead of just keeping them in wallets without earning those we might want to look at the risk but with an exchange like Binance, it is worth the try. The risk is always needed to weight if you don't know how to balance you might see this as worthless but if you do understand the whole concepts Binance staking gives decent amount, just by staking your investment you will wait and see some growth from your initial investment.
you just keep your money and you get $95 for free without spending your money on staking why are you upset about that? Have you understood about staking? it is indeed used for those who hold their coins long term but also want to increase their estimation in a safe way through staking. add your money in staking more you also get more results.
I am totally agree with you because Binance is now the best exchanger in crypto world and I think it's much safer . I also don't see anything wrong with stable coin staking on Binance. For those who have funds that can be urgently need at any time, for those I think flexible staking on Binance is best. At least better than keeping fiat money it in the bank.
Yes, I can say staking in Binance is better than keeping money in Bank, on my personal experience I have left my bank with 400+$ and in almost 2 years I only get less than 10$ since I needed cash and decided to withdraw. I was surprised it's very small.
Yeah bank is really bad when it comes to saving money, it's better to invest in gold or just invest in something else rather than keeping our money in the bank in a long run. Staking is the best option if we don't want to trade or invest in the current condition. Staking is perfect for those who want to earn without any extra effort unlike trading but there's always a risk when we invest in something.
I am totally agree with you because Binance is now the best exchanger in crypto world and I think it's much safer . I also don't see anything wrong with stable coin staking on Binance. For those who have funds that can be urgently need at any time, for those I think flexible staking on Binance is best. At least better than keeping fiat money it in the bank.
Yes, I can say staking in Binance is better than keeping money in Bank, on my personal experience I have left my bank with 400+$ and in almost 2 years I only get less than 10$ since I needed cash and decided to withdraw. I was surprised it's very small.
It is kinda unfair because it benefits more the operator of the stake pool than the users. There's a lot of people being deceived by Youtubers, media influencers, etc saying: 'get passive incoming in this stake pool'. It is true that you get, but for him is way better. He gets more
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.
that's the same thing that came to my mind at first, but it all depends on how much you put in and what token did you use to stake, stable coins like USDT and USDC which are worth one American dollar are very safe to stake compared to other tokens that can go up or down, that's why the return is small but it is guaranteed, they're small but you won't even find them in banks, mostly it's for people who already have a very big capital.if the price drops drastically of course the prizes you get from staking are not worth the losses experienced. This is a risk that must be considered before staking.
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I am totally agree with you because Binance is now the best exchanger in crypto world and I think it's much safer . I also don't see anything wrong with stable coin staking on Binance. For those who have funds that can be urgently need at any time, for those I think flexible staking on Binance is best. At least better than keeping fiat money it in the bank. 
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.
why choose Stable coin when there are other coins that is having a good staking offering for Binance? Am not sure what is your plans and Ideas but i found it not even when stable coin specially USDT is not worth staking for.and why not locked the amount for much longer time than just a year? because if that funds is just for long term and willing to risk then there is no issue in waiting more.
It's true that stable coins like USDT are not a good choice for staking, I prefer staking other coins that can provide greater profits. But if we really want
to staking on stablecoins, we should not choose to staking on Binance, look for other platforms that offer higher interest rates. But we have to be careful
if staking on other platforms, make sure the platforms have a good reputation, so we won't lose our money. It must be admitted that it is very rare
for a trusted platform to offer high interest rates for staking, so if we feel that the profit generated from staking is unsatisfactory, it means that
staking is not something we should do. There are many other ways to make a profit in the crypto world, we just need to find information. What is
certain is that if there is a way that produces large profits, the risk is usually very high, very different from staking usually has a low risk.
I will never choose that kind of currency for my long term staking as I have already for some other sites and coins.
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.
Binance offers 10% APR returns on USDT and BUSD Savings . I don't think it is less profitable . coz a central bank of my country offers only 5% APR return and from them have 20% Government tax . 4% is actually available from there . here if i use 1000$ savings then i will get 40$ in a year . but Binance offers 95-100$ Yearly . so i think savings on Binance is not bad ideaHaving some savings is generally a great idea! 10% on Binance is quite nice and pretty much safe... but crypto is full of opportunities, there are good staking places with higher APY that have proven to be very reliable in my experience! Of course, chasing for some higher returns is risky, but also can be very profitable, why do not try some of them? People should be open to new ideas, to feel free to test some things around, it's how we discover new opportunities. I like BSW for example, for a year it's going great... they have some nice staking options and for now, I didn't have any issues with staking, deposits, and withdrawals!
It's true that stable coins like USDT are not a good choice for staking, I prefer staking other coins that can provide greater profits. But if we really want
to staking on stablecoins, we should not choose to staking on Binance, look for other platforms that offer higher interest rates. But we have to be careful
if staking on other platforms, make sure the platforms have a good reputation, so we won't lose our money. It must be admitted that it is very rare
for a trusted platform to offer high interest rates for staking, so if we feel that the profit generated from staking is unsatisfactory, it means that
staking is not something we should do. There are many other ways to make a profit in the crypto world, we just need to find information. What is
certain is that if there is a way that produces large profits, the risk is usually very high, very different from staking usually has a low risk.
Behind with USDT as stable coins is not good choose for staking but OP realistic with stable price without risk why keep staking using stable coins, all exchange market not really profitable when staking with stable coin and exactly true by choosing other altcoin for staking. I think OP have research with many kind of altcoin staking option price drop drastically before unlock staking ended.to staking on stablecoins, we should not choose to staking on Binance, look for other platforms that offer higher interest rates. But we have to be careful
if staking on other platforms, make sure the platforms have a good reputation, so we won't lose our money. It must be admitted that it is very rare
for a trusted platform to offer high interest rates for staking, so if we feel that the profit generated from staking is unsatisfactory, it means that
staking is not something we should do. There are many other ways to make a profit in the crypto world, we just need to find information. What is
certain is that if there is a way that produces large profits, the risk is usually very high, very different from staking usually has a low risk.
Have many kinds of altcoin ability for staking price drop drastically, like AXS, BSW and SFUND, OP know all risk why choose USDT as stable coin for staking although he know with small APY reward. OP just want to keep away risk price drop drastically when staking with other altcoin can given higher APY than staking with USDT.
It's true that stable coins like USDT are not a good choice for staking, I prefer staking other coins that can provide greater profits. But if we really want
to staking on stablecoins, we should not choose to staking on Binance, look for other platforms that offer higher interest rates. But we have to be careful
if staking on other platforms, make sure the platforms have a good reputation, so we won't lose our money. It must be admitted that it is very rare
for a trusted platform to offer high interest rates for staking, so if we feel that the profit generated from staking is unsatisfactory, it means that
staking is not something we should do. There are many other ways to make a profit in the crypto world, we just need to find information. What is
certain is that if there is a way that produces large profits, the risk is usually very high, very different from staking usually has a low risk.
the staking of stablecoins has very low api (in any case higher than traditional banks) but it is relatively safe the stable always have more or less the same value with other coins there are also very high percentages but there is a risk of devaluation so you have to do the staking / short-term loans and always follow the markets
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.
We also smile to see your style in carrying out investments, in fact you benefit from the investment, because you get a return of $95, but not as maximal as expected.If USDT is not able to provide large returns, then it is best to try investing in other coins with more potential.
Especially nowadays, there are so many coins available in the market, if you are able to maximize some of the potential ones, then I am sure you will get a suitable return.
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.
why choose Stable coin when there are other coins that is having a good staking offering for Binance? Am not sure what is your plans and Ideas but i found it not even when stable coin specially USDT is not worth staking for.and why not locked the amount for much longer time than just a year? because if that funds is just for long term and willing to risk then there is no issue in waiting more.
It's true that stable coins like USDT are not a good choice for staking, I prefer staking other coins that can provide greater profits. But if we really want
to staking on stablecoins, we should not choose to staking on Binance, look for other platforms that offer higher interest rates. But we have to be careful
if staking on other platforms, make sure the platforms have a good reputation, so we won't lose our money. It must be admitted that it is very rare
for a trusted platform to offer high interest rates for staking, so if we feel that the profit generated from staking is unsatisfactory, it means that
staking is not something we should do. There are many other ways to make a profit in the crypto world, we just need to find information. What is
certain is that if there is a way that produces large profits, the risk is usually very high, very different from staking usually has a low risk.
There is no better platform than binance, the ones that offer high interest rate, you have to accept higher risk. Staking USDT and with 9.5% interest is high and more than enough, in my opinion, if you stake other altcoins, they will give higher interest but can also make you lose more because you don't It is certain that those altcoins will increase in price over time.
People are used to thinking that everything in the crypto world will make them rich and fast lol. It's still a win compared to traditional finance IMHO try to compare it with depositing in your bank account. What most important is the innovation I think. Let this technology mature by itself, there are still many un-legit projects that try to shove staking to our throat let us be wise about this. I think it's still good that you got profits instead of being scammed. It's stablecoin anyway, it won't give you any extreme volatility.
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