Topic: Good and adequate staking platforms (Read 152 times)
I'd stick with official wallets, at least you own the assets. To keep track, you can always keep sheets or similar.
Why do you need it?
In order for bought altcoins to bring income even in a bear market, at least in the form of additional coins.
Why take risks because of 10-15% per annum with your capital?
I try not to look at such APYs, optimally it's no more than 7%. They'll never pay more than that anyway, because pools like to cut rates as they go staking.
And don't use centralized exchanges for that.
I agree, not the best idea.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
The market only grows once every 2-4 years, what do the rest of the time, just sit back and wait for things to start growing? I try to make the most of the market, not just when things start to go up.
Official wallets of POS tokens afaik allows staking, this I think is the safest. No sending out the tokens from your wallet so no 3rd partey.
This is up to which token you are holding I guess. If the bear market will just last for a very long time like years, staking my USDN on waves exchange would be my best option. But bear market may not stay for long I can feel it. Trading is better.
This is up to which token you are holding I guess. If the bear market will just last for a very long time like years, staking my USDN on waves exchange would be my best option. But bear market may not stay for long I can feel it. Trading is better.
I am satisfied with the earn options offered by Binance. They offer many possibilities, including locked staking, flexible savings or liquidity framing. The rates of return offered are usually also attractive. Of course, however, you have to remember that there is always the risk of using a centralized platform.
What good and adequate staking platforms do you know? Exchanges as staking platforms have shown themselves to be the worst, constantly changing even the fixed staking rates. Convinced by my own experience.
I am curious. How? Worst is such a word that would describe it is doubtful at a highest level. But I want to know the reasons behind it.
Is it that bad even at a best possible exchange?
Sorry but I am against it, I don't see a better platform where a stake could be done. A reputable exchange is always where I run into with this kind of setting.
But I do agree that we should have better options. It should not be an exchange all the time.
The reason is that I didn't see any potential crypto exchange platform to trust my fund in a long run, all of them are CEXs and we know from time to time they'd have a right to change the terms, or worst, they will become bankrupt and shutdown.
This is what is also in my mind "Not your keys, Not your coins" which is staking you didn't hold your wallet key, it's on exchange.
Sorry OP but I didn't see any good and adequate staking exchange platform.
What good and adequate staking platforms do you know? Exchanges as staking platforms have shown themselves to be the worst, constantly changing even the fixed staking rates. Convinced by my own experience.
I am curious. How? Worst is such a word that would describe it is doubtful at a highest level. But I want to know the reasons behind it.
Is it that bad even at a best possible exchange?
Sorry but I am against it, I don't see a better platform where a stake could be done. A reputable exchange is always where I run into with this kind of setting.
But I do agree that we should have better options. It should not be an exchange all the time.
https://www.stakingrewards.com/
Why do you need it?
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
Since when is a 10-15% APY considered poor? Especially for stablecoins, it's a decent yield that a bank will never provide you with. Even higher performance portfolios do not offer that, while your money is never insured when investing. How is buying coins less risky? How do you consider something that unpredictable a safer option? I would hate to remind you how wrong something like this can go.Why do you need it?
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
Even in Bitcoin, you have zero guarantee whatsoever, who knows if and when it'll recover?
In my opinion, 10-15% profit margin is a good profit because you will not find such an APY in any traditional company. But when it comes to investing, there is no such thing as a 100% safe investment, even bitcoin. In the current situation, a series of lending platforms are collapsing, and this is a warning that we should avoid staking at this time, holding will remain our top priority.
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
I agree.And don't use centralized exchanges for that.
Storing coins on centralized services is risky and we have risk to lose all money. For services that provide passive income to users, risk would be higher. Because these services have their risk of imbalance between inputs and outputs on their platform finance. If their finance is broken, you will likely lose your money there.
You can end without any compensation from them too if in the end, they go to be bankrupted.
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It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
It is a good advice and I agree. However, buying altcoins in bear market when it is still finding the bottom is not smart. Altcoins are more vulnerable in bear market. 
https://www.stakingrewards.com/
Why do you need it?
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
Since when is a 10-15% APY considered poor? Especially for stablecoins, it's a decent yield that a bank will never provide you with. Even higher performance portfolios do not offer that, while your money is never insured when investing. How is buying coins less risky? How do you consider something that unpredictable a safer option? I would hate to remind you how wrong something like this can go.Why do you need it?
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
Even in Bitcoin, you have zero guarantee whatsoever, who knows if and when it'll recover?
There are quite a few vaults on Beefy offering decent up to 8-12% APYs for stablecoins, it's not a Ponzi.
~ Exchanges as staking platforms have shown themselves to be the worst, constantly changing even the fixed staking rates. Convinced by my own experience.
Isn't this true to all staking platforms? Rates are only fixed for a particular period and changes when circumstances require them to do so.Yes, but when you buy a package that says that the profit percentage is fixed for the whole term of the deposit, and after a while you find out that the profit percentage in the package is reduced by two and a half times, it looks somehow not nice from the side of the exchange.
https://www.stakingrewards.com/
Why do you need it?
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
Since when is a 10-15% APY considered poor? Especially for stablecoins, it's a decent yield that a bank will never provide you with. Even higher performance portfolios do not offer that, while your money is never insured when investing. How is buying coins less risky? How do you consider something that unpredictable a safer option? I would hate to remind you how wrong something like this can go.Why do you need it?
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
Even in Bitcoin, you have zero guarantee whatsoever, who knows if and when it'll recover?
Check out mycointainer.com. They offer some decent rates like the 10% yearly return on stable coins USDT, USDC, and DAI (list of assets here). You can also try their cold-staking and delegate your coins on their nodes. Some fairly popular coins like AVAX, CTSI, MATIC, and PIVX are available there.
More information you might need:
More information you might need:
~ Exchanges as staking platforms have shown themselves to be the worst, constantly changing even the fixed staking rates. Convinced by my own experience.
Isn't this true to all staking platforms? Rates are only fixed for a particular period and changes when circumstances require them to do so. 
Why take risks because of 10-15% per annum with your capital?
I also think this is already a good deal.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
It is even better to buy cheap, stake them while waiting for the price to go up, and sell them when the target price is achieved. There is always risk involved since we are entrusting our funds to a third party site but most staking platforms have this Emergency Withdraw funds function unless the site itself intends to scam people and run with all the deposited money, but it is up to OP if he is ok with the risk involved.
https://www.stakingrewards.com/
Why do you need it?
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
Since when is a 10-15% APY considered poor? Especially for stablecoins, it's a decent yield that a bank will never provide you with. Even higher performance portfolios do not offer that, while your money is never insured when investing. How is buying coins less risky? How do you consider something that unpredictable a safer option? I would hate to remind you how wrong something like this can go.Why do you need it?
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
Even in Bitcoin, you have zero guarantee whatsoever, who knows if and when it'll recover?
https://www.stakingrewards.com/
Why do you need it?
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
Why do you need it?
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
What good and adequate staking platforms do you know? Exchanges as staking platforms have shown themselves to be the worst, constantly changing even the fixed staking rates. Convinced by my own experience.
Sending to staking through official wallets seems reasonable, but I'd like to consider options where there's a large selection and you can track everything at once.
I've only used Beefy and didn't have any issues, however, I've recently heard that they're struggling financially, which isn't a healthy sign. Currently, I'm using Binance savings, it provides 10% APY on BUSD for up to $2.000. So far, it hasn't changed rates. Their locked staking options aren't too bad, but they are rarely available or/and have a tiny available quota.Sending to staking through official wallets seems reasonable, but I'd like to consider options where there's a large selection and you can track everything at once.
I moved my funds there after the Terra incident, due to it being the easiest and most prompt solution. It's certainly not the best, but looks okay for the time being.
What good and adequate staking platforms do you know? Exchanges as staking platforms have shown themselves to be the worst, constantly changing even the fixed staking rates. Convinced by my own experience.
Sending to staking through official wallets seems reasonable, but I'd like to consider options where there's a large selection and you can track everything at once.
Sending to staking through official wallets seems reasonable, but I'd like to consider options where there's a large selection and you can track everything at once.
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