Author

Topic: Staking Platforms - Best APY (Read 160 times)

legendary
Activity: 1596
Merit: 1288
March 28, 2024, 04:52:38 AM
#9
I haven't seen a wallet that allows that or probably I did but it's from centralized platforms that will give you like 2%-5% APY although that sounds plausible for that rate but knowing that you won't hold your keys, it's a no.
2%-5% APY is not a good rate, as it means 0.4% per month, which is something you can achieve by trading Bitcoin between BTC/USDT at support and resistance points instead of risking closing your currencies for a year, and the percentage will decrease greatly if you request the removal of your currencies during this period.

1 year or 6 months is enough time for these platforms to take your currencies, speculate with them, make profits and give you 5%. If a problem occurs, they have a clause in the terms of use that makes them not obligated to pay any profits, and they may steal all your capital without you getting anything.
You are the weakest party in such agreements, and yet your profits do not exceed 0.5% per month.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
March 27, 2024, 02:51:14 PM
#8
try those wallets that have integrated staking feature which they still give you your seeds but don't do it inside the exchanges just as what I've tried. The DeFis or dexes have this feature and will give you tremendous APY, I suggest to avoid them knowing how they've always been targeted by attackers.
There is no wallet that does this unless the cryptocurrency supports POS, meaning you will not find a wallet that gives you staking reward for bitcoin because there is no way to do that except by giving your currencies to a third party.
I think that most platforms are misleading when they've got Bitcoin that someone can "stake" on it. The term is wrong as you've said, Bitcoin isn't a POS and it can't be staked but they should use like interest accounts. But you're right, I haven't seen a wallet that allows that or probably I did but it's from centralized platforms that will give you like 2%-5% APY although that sounds plausible for that rate but knowing that you won't hold your keys, it's a no.

Staking POS is considered safe, but its return is low. Some people mortgage their accounts in liquidity pools to obtain more profits, but these pools are centralized.
And they're prone to attacks or hacking.
legendary
Activity: 1596
Merit: 1288
March 27, 2024, 06:25:09 AM
#7
try those wallets that have integrated staking feature which they still give you your seeds but don't do it inside the exchanges just as what I've tried. The DeFis or dexes have this feature and will give you tremendous APY, I suggest to avoid them knowing how they've always been targeted by attackers.
There is no wallet that does this unless the cryptocurrency supports POS, meaning you will not find a wallet that gives you staking reward for bitcoin because there is no way to do that except by giving your currencies to a third party.
Staking POS is considered safe, but its return is low. Some people mortgage their accounts in liquidity pools to obtain more profits, but these pools are centralized.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
March 25, 2024, 05:44:16 PM
#6
I have tried this with centralized exchanges but I don't find it appealing. I just did it for the essence of how it goes and it's not really giving me the thought and sense of security because I don't hold the keys although you see some little gains, I'd say that it's not worth it. It's best to just hold it on your wallet if they're not stable coins. But if you've got a lot of spare with your portfolio and you truly want to stake them, try those wallets that have integrated staking feature which they still give you your seeds but don't do it inside the exchanges just as what I've tried. The DeFis or dexes have this feature and will give you tremendous APY, I suggest to avoid them knowing how they've always been targeted by attackers.
legendary
Activity: 1596
Merit: 1288
March 25, 2024, 06:06:13 AM
#5
With the advent of cryptocurrencies, there are a lot of staking opportunities where one may stake their coins and earn consistent profits at the good rates while keeping their original investment safe. There are many centralized and decentralized platforms available for staking.
Staking POW coins using centralized exchange liken it to giving a loan to an unknown person whom you do not trust. He may repay you the loan with profits, but you may end up losing everything if he suddenly decides to disappear or declare bankruptcy.
If you want security and get a return, it is better to staking using POS protocols https://www.stakingrewards.com/ gives you a good overview of the currencies and the APY, and choosing a currency that may rise in the future may help you achieve a good profit.

BNB, SOL, ADA are currencies you can try.
legendary
Activity: 2758
Merit: 6830
March 24, 2024, 05:52:49 PM
#4
I don’t hold or stake shitcoins, but I used to farm hard with stable coins on DeFi. What I would do today is check for protocols which may airdrop coins and farm them. For example, Kamino and Parcl on Solana, Wasabi on Blast, etc. Also using bridges and protocols from those networks.

Just be aware of the risks: stablecoin risk, smart contract risk…
hero member
Activity: 2464
Merit: 594
March 24, 2024, 05:20:40 PM
#3
You can also find more information on specific platforms and staking opportunities through resources like CoinMarketCap Staking

That page lists the most valuable staking cryptocurrencies and tokens by market capitalization.

Some popular staking platforms I often see are centralized exchanges like Binance, Coinbase, and Kraken. I think Kraken is the best exchange to stake Cardano.
legendary
Activity: 3374
Merit: 3095
Playbet.io - Crypto Casino and Sportsbook
March 24, 2024, 05:05:48 PM
#2
Honestly staking is not the best option unless you can stake with stable coins like USDT Binance offering staking for stablecoins which are safe compared to other staking coins like ETH or token or defi staking is a bit risky because we don't know if you will make a profit until the end of the lock-up period.

But if you still insist then check this link below I couldn't find other tools the same as this with a great list of staking coins/tokens.

- https://www.stakingrewards.com/
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
March 24, 2024, 02:34:33 PM
#1
With the advent of cryptocurrencies, there are a lot of staking opportunities where one may stake their coins and earn consistent profits at the good rates while keeping their original investment safe. There are many centralized and decentralized platforms available for staking.

Do you have a list of good staking platforms?

Also, can anyone share which are the best staking opportunities where we can get the best returns on our investments? I think staking is one of the ways to get good income but is underlooked and not much discussed here  Huh
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