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.
For those which can trade the markets staking is something which does not make a lot of sense, staking requires a lot of money so you can obtain some good profits, but if you are a good trader most of the time you will be able to outperform the results you get with staking.
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.