Topic: Now it's time for staking (Read 465 times)
Staking on binance is the safest in my opinion, investing in DeFi stable coins doesn't guarantee it can continue like Terra USD, they even break even though they are stable coins which are quite famous as DeFI stable coins which are also in the top 10 as the main coin LUNA. Since then I've had less faith in coin stable DeFi.
Staking on holdings is most appropriate when the market is long-term bearish. There are certain additional rewards that are motivating to the investors. After all, staking on any platform is not safe. I consider Binance Exchange as favorite for staking. You can take advantage of staking on any platform of your choice. Many investors prefer staking sites that offer higher APY rates. However, staking should not be done on any risky platform.
Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
You can't stake BTC because bitcoin using proof of work, not other consensus that allows you to stake your coins. And you can't also stake USDT because you can't generate or mint your own coins.Exchange allows you to "stake" btc or usdt, but you aren't staking anything. You are only giving them your coins so they can use it to make profit and share the profits with you. And I don't think you understand what "APY" means. Google it and try to learn things.
A good example would be liquidity providing for example, you could provide liquidity with maybe wrapped btc on eth network, but it is still btc, and you can pair it with usdt or something, I am sure that duo must be good, and when people trade within, you are earning a small amount from each one of those, and that means over course of a whole year you would earn a decent return. This is just an example, there are few other ways. It is not there by default, but could be done.
This is advisable to those who are willing to use their Bitcoin holdings in the long run and to those who are willing to take the risks. Lots of investors have been doing this though the earnings aren't as big as trading. We can actually do it but we shouldn't expect very high returns and as long as you're using a highly trusted and reputable exchange, I'm sure that you could manage the risk. I suggest that you should use top exchanges like Binance which is already trusted when it comes to staking. Choosing a potential coin to stake is also very important.
Bear market is still trending at the moment, staking in my opinion, is not the right time to do it, true to some people here, even saying that, it is full of risk to do so, and most likely will not benefit you in the future..
Have you visited this platform? https://www.mycointainer.com/
On that platform I staking BP coins and get monthly APY, there are many coins you can stake but each coin has a different APY and duration. try to visit the platform and look for some information about staking BTC. (DYOR)
On that platform I staking BP coins and get monthly APY, there are many coins you can stake but each coin has a different APY and duration. try to visit the platform and look for some information about staking BTC. (DYOR)
If you are a long term holder I do not think it is the best idea to stake your coins, after all the money you get by staking your coins is not really that high and you can get way more by simply holding and wait for the bull market.
Now you may argue that you may get more by staking and doing nothing since you are also holding, and that is true, however you will need to relinquish control of your coins and for a long term holder this is not something that I think will be acceptable.
I do not think that you need to relinquish your ownership to someone else, do you? I mean when you are staking, it’s still your money and that means you still have the ownership of your coins and you can do whatever you want with them. At any moment that you do not want to continue staking, you could simply just dissolve it and then get your coins back and spend them as you wish, either cash it to fiat or pay someone or whatever you want with it.Now you may argue that you may get more by staking and doing nothing since you are also holding, and that is true, however you will need to relinquish control of your coins and for a long term holder this is not something that I think will be acceptable.
This is at least how it is when we are talking about ETH, in cases like stablecoin staking at binance that could be different because you are giving the control of it to binance, but you can still technically do whatever you want with it, it’s still yours.
Staking on binance is the safest in my opinion, investing in DeFi stable coins doesn't guarantee it can continue like Terra USD, they even break even though they are stable coins which are quite famous as DeFI stable coins which are also in the top 10 as the main coin LUNA. Since then I've had less faith in coin stable DeFi.
Might say it was the safest among all exchanges but not literally we say it was totally safe as we know our coins are in their hands, they are in control of it. Terra Luna? Sorry, are you still thinking that this project will give a fortune? No, I hope you are aware of its situation and so you have an idea to what really happened to this project. If you are thinking about staking this project, I suggest you to take another coin/s that is/are more potential than this shitcoin.
What would you do if they did not return the coins.There is nothing you could do
I prefer to just park and forget- hardware wallet
I prefer to just park and forget- hardware wallet
Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
Staking is not a good idea but if you a hard holder then staking can help you to increase your some token amount. like if you buy bitcoin or any others coins and you want to hold that token for long time then you can stake your coins. if you stake then you will get some token as bonus. so it is a good site but when you will stake your coins then that coin will not in your control so it is bad site and it is soo riskyNow you may argue that you may get more by staking and doing nothing since you are also holding, and that is true, however you will need to relinquish control of your coins and for a long term holder this is not something that I think will be acceptable.
Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
Staking is not a good idea but if you a hard holder then staking can help you to increase your some token amount. like if you buy bitcoin or any others coins and you want to hold that token for long time then you can stake your coins. if you stake then you will get some token as bonus. so it is a good site but when you will stake your coins then that coin will not in your control so it is bad site and it is soo risky After I have problems with metamask then i won't staking on dex or sites that ask for private key to connect, i prefer staking on spot exchanges because it is more secure even though APY is very small compared to DEX platform.
Yes, it can be used as good advice for those who want to generate some rewards. And even if the reward is small, at least they can hope that the price of the coin will increase further while they have managed to collect a decent reward. Binance would be a great place to start as there is a large selection of coins they can stake out. In addition, there are many timeframes for them to choose from so they don't have to do anything and just wait for the rewards to accumulate. 
Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
You can't stake BTC because bitcoin using proof of work, not other consensus that allows you to stake your coins. And you can't also stake USDT because you can't generate or mint your own coins.Exchange allows you to "stake" btc or usdt, but you aren't staking anything. You are only giving them your coins so they can use it to make profit and share the profits with you. And I don't think you understand what "APY" means. Google it and try to learn things.
A good example would be liquidity providing for example, you could provide liquidity with maybe wrapped btc on eth network, but it is still btc, and you can pair it with usdt or something, I am sure that duo must be good, and when people trade within, you are earning a small amount from each one of those, and that means over course of a whole year you would earn a decent return. This is just an example, there are few other ways. It is not there by default, but could be done.
If you are holding your altcoins in a wallet where you can stake them, there is no promise that they will bring in enough income to offset the fees of transferring into, and out of exchanges.
The biggest thing is to remember that investing in cryptocurrencies is risky! You could end up losing everything. There's no way to predict with accuracy what the price of altcoins will be in the future.
You must analize, and choose coins to invest in coins you believe. I prefer invest like Ethereum or BTC.
The biggest thing is to remember that investing in cryptocurrencies is risky! You could end up losing everything. There's no way to predict with accuracy what the price of altcoins will be in the future.
You must analize, and choose coins to invest in coins you believe. I prefer invest like Ethereum or BTC.
Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
It's not just about staking or lending your cryptos to gain a profit, you also have to consider the method and the level of risk. Lending your BTC on Celsius for example would be high risk. Staking ICP in your wallet would be high reward and very low risk. Do your research and be careful!
After I have problems with metamask then i won't staking on dex or sites that ask for private key to connect, i prefer staking on spot exchanges because it is more secure even though APY is very small compared to DEX platform.
Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
You can't stake BTC because bitcoin using proof of work, not other consensus that allows you to stake your coins. And you can't also stake USDT because you can't generate or mint your own coins.Exchange allows you to "stake" btc or usdt, but you aren't staking anything. You are only giving them your coins so they can use it to make profit and share the profits with you. And I don't think you understand what "APY" means. Google it and try to learn things.
Previously, I also really wanted to do staking in a certain platform that is trusted and reputable in order to keep my assets secured.
But, after checking the staking programs, with the amount that I have, I can to do staking and prefer to let my assets be in my personal wallet. Why? Because the result of staking is not as high as I expect
The common APY is quite small although with a longer time for investment. That is probably because my amount is only small enough so this is not worhty.
But if you find a trusted platform that pays higher and you have some big amounts, you may try it, as long as you are also willing to use the assets for investment. But onc emore, be careul and wiser to do this decision, at least you ahve analysied and calculated th staking process and results.
Profit in staking will always depend on how much you invest, most of the time $1000 is not even enough for you to get a $100 profit in staking, that only means this is not that profitable if you are just a small time investor. Some site already shows the possible profit that you can get, if it’s not ok with you then better not to proceed. I still prefer to invest on my own and trade on my own, by this you can make real money here even if you have a small capital. But, after checking the staking programs, with the amount that I have, I can to do staking and prefer to let my assets be in my personal wallet. Why? Because the result of staking is not as high as I expect
The common APY is quite small although with a longer time for investment. That is probably because my amount is only small enough so this is not worhty.
But if you find a trusted platform that pays higher and you have some big amounts, you may try it, as long as you are also willing to use the assets for investment. But onc emore, be careul and wiser to do this decision, at least you ahve analysied and calculated th staking process and results.
So staking for a trader would only make sense if for some reason he was tired of trading or he was going through a time in which he did not had the time to trade the markets, and receiving a passive income was the best they could do at the time.
Of course we must have a large capital if we want to get a big profit from staking. Because as we know, most of the platforms where we stake
only offer relatively small interest. If we find a platform that offers high interest for staking, it is most likely that the platform is committing fraud.
Staking does have a lower risk than trading, but we must make sure we choose platforms with a good reputation. But when compared to trading,
trading offers a much bigger profit than staking. Therefore, people who have good research and analysis skills usually prefer trading over staking.
But if there are people who just want to generate passive income with low risk, staking is the right choice. Instead of investing in bank products
where the profit offered is lower, indeed it is better to prefer staking crypto because it is much profitable.
I am always choose this option stake. I think it is very cool. No tension, no headache nothing. Just choose wisely and you have a income in your pocket. Just wait and pick up right project with long term goal and planning. One more thing choose right platform.
Dude, now is really not the time for staking. It’s such a massive risk for relatively low reward (versus the risk of leaving your crypto in somebody else’s control.
Seriously just DCA during this bear market & the profits you’ll get in the next bull market will far outweigh whatever pittance in comparison, you can get from staking.
You do not just make money by staking ETH, you make it by holding ETH as well, and if you are going to hold it, might as well stake it as well because why say no to extra money? At the end of the day the hype came and go, people bought a lot of ETH while waiting for the merger and after it didn't skyrocketed they sold their ETH and price may have taken a little bit of hit but we have seen lower prices just recently so this is mild.Seriously just DCA during this bear market & the profits you’ll get in the next bull market will far outweigh whatever pittance in comparison, you can get from staking.
At the same time, we will have staking and people buying more to make more, that means the price will go on higher and that is why you should have some ETH, not just so you can stake it, but because the price of ETH will recover, like I said, if you do then staking it just extra bonus on top of that.
Currently staking ADA and CRO right now and I have no regrets in buying it at all especially Cardano.
Correct me but you can only stake BTC in some centralized exchanges and the same goes with USDT. There are some top altcoins who has their own wallet where you can still stake your coins there like Cardano who has Yoroi and Daedalus which is their own wallets.
Earning monthly thru staking? I think Binance are offering flexible staking where you can pick how many days are you willing to stake your coins but don't expect that you will earn high profits from it because most of the coins out there are giving less than 10% annually and some gives less than 5% annually.
Correct me but you can only stake BTC in some centralized exchanges and the same goes with USDT. There are some top altcoins who has their own wallet where you can still stake your coins there like Cardano who has Yoroi and Daedalus which is their own wallets.
Earning monthly thru staking? I think Binance are offering flexible staking where you can pick how many days are you willing to stake your coins but don't expect that you will earn high profits from it because most of the coins out there are giving less than 10% annually and some gives less than 5% annually.
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