Topic: New to staking - is this worth it? - page 5. (Read 703 times)
Staking isn't worth right now since the market is bearish and volatile, you lost more than you are able to earn from staking. Not to mention many investment sites can also stop their service and you can't withdraw your stakes. Example: Celsius network, Voyager,...
I think I am going to go for it having had a look at their requirements there is no locked period which is pretty good.
Compared to bank its more generous actually. But it has cons like mostly they mentioned it will be staked with certain period and almost same like time deposit but the value could go lower or worst way lower than its actual value unless you are staking a stablecoin which moves little frequently. Altcoins are very volatile its either you lose more than % yhan what you stake or eirher you gain a lot and will be basing on actual value of what you get.
If anyone could advise on the above or on staking in general if it is worth it.
The network used by VRA is the ERC20 network, in general the ERC20 network is expensive, it depends on the type of crypto exchange service, wallet, you use, some services there are those that cut 402 VRA up to 1,724 VRA, if you move/bet to another place, if you send 24500 VRA, discount 1500 VRA, you will receive 23,000 VRA and so on.Considerations and advice, if you can sell your VRA, sell it in USDT, choose the Tron network, at a low cost, and send the service you want, you buy another VRA and bet there, even though the cost of the tron network usdt is only 1-2 usdt, compared to the current VRA/$0.004 price, you are still saving instead of having to throw away 1500 VRA, the decision is yours.
I hope you understand what I'm saying.
If you have to stake your coins on a third-party service, you don't have control on it. That service can be compromised, bankrupted and will no longer be able to pay staking reward to their users, including you. It's a first and biggest risk.
Another risk is in theory, you will receive higher total coin by staking, and in the end of your staking but will its total value increase or be the same as initial one or worse, will be lower?
Remember, we are in a bear market and price can fall more. Think of such risks before you join staking.
Another risk is in theory, you will receive higher total coin by staking, and in the end of your staking but will its total value increase or be the same as initial one or worse, will be lower?
Remember, we are in a bear market and price can fall more. Think of such risks before you join staking.
Hi, I would say staking is not good if it has any restriction on you withdrawing your assets instantly.
If you can withdraw your staked asset instantly, go for it.
If not, you may lose more % than you will ever earn while staking your asset for a year.
If you can withdraw your staked asset instantly, go for it.
If not, you may lose more % than you will ever earn while staking your asset for a year.
Hi,
Have just bought £100 worth of Verasity (VRA) which got me 24500 total.
I have just gone to withdraw this to stake elsewhere but noticed there is a fee of 1500 VRA.
The APY for staking this crypto is 18.25% - is this worth doing or due to the fee am I just better off holding?
I plan to hold for 18-24 months.
If anyone could advise on the above or on staking in general if it is worth it.
Thanks
Have just bought £100 worth of Verasity (VRA) which got me 24500 total.
I have just gone to withdraw this to stake elsewhere but noticed there is a fee of 1500 VRA.
The APY for staking this crypto is 18.25% - is this worth doing or due to the fee am I just better off holding?
I plan to hold for 18-24 months.
If anyone could advise on the above or on staking in general if it is worth it.
Thanks
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