What is the safest coin to stake? - page 2.

xzone

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Quote from: AnonBitCoiner on February 24, 2022, 03:50:53 PM

Juno is best option to stake. High reward for stacker and also we can see 2x to 10x price increse very soon. Obe of the best thing is that many new airdrop is launching which will give free token to Juno stakers.
Also stake Cosmos and osmos for best profit

Safest coin to stake and Juno? Do not give such advice to anyone. A project that is not listed on any major exchange, says it gives high apy rates, and can disappear in an instant is always very risky. It may be a coin that you think will make a lot of money, but you need to do a good research to invest in it.
We are looking for the safest coin to stake, the coin you mentioned has nothing to be trusted Cheesy

I agree, stable coins are better for this

Rehan Zakir

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Stable coins are the safest coins for staking. Because they are stable coins and their value is stable. It means if anyone have stake 10,000. And its APY was 10%. It means after one year your profit was 1000$. In staking we did not do anything. Just invest your money and left it . The whole process is automatic and then just watch your profit. It is the best way to earn money from staking.

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Quote from: AnonBitCoiner on February 24, 2022, 03:50:53 PM

Juno is best option to stake. High reward for stacker and also we can see 2x to 10x price increse very soon. Obe of the best thing is that many new airdrop is launching which will give free token to Juno stakers.
Also stake Cosmos and osmos for best profit

JUNO? But why this coin isn’t listed on any top or medium tier exchanges even i surprised this coin aren’t traded with BTC,ETH and USDT, So why you would like to pick this project without any major exchanges as well as not good trading volume. I think JUNO will quite risky to stake as i see it’s lack of development, Stay away to stake it.

smartaction

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Quote from: Wong Gendheng on February 27, 2022, 07:11:41 AM

Quote from: Luqman on February 26, 2022, 07:56:18 PM

In my opinion, the safest coins to stake are BNB and ETH. We can stake them in the Binance exchange, it is the most recommended place to stake. I know maybe many other exchanges offer bigger rewards in staking, but Binance exchange looks like a safer place for me. Well, BNB and ETH are proven coins for many years, and these coins are the best coins after Bitcoin as well. Moreover, if we learn their market caps, are the number 2 and 3 largest so far. So, no doubt to have them for a long time.

No coin is safe and keeps going up, ETH and BNB a few days ago dropped more than 10% in a day, and for 2 months it has dropped more than 24%, this is decentralization that no one can control, the easiest thing right now to lock in bigger profits or stop losses is to be able to switch to stable coins like USDT.

The value of cryptocurrency coins will go up and down. so its religion and this is our real opportunity to get real from here. It is very risky but the chances of making a profit are high. So even if he invests his hard earned money, he should be careful and as soon as he gains from a token, he should exchange it and withdraw the stable coin so that he does not face any loss.

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Quote from: ajochems on February 26, 2022, 06:11:03 PM

Quote from: diffract on February 13, 2022, 04:52:47 PM

Hello,
I am planning on staking an altcoin to earn kind of an additional income to my salary.

Since I will be putting lots of money to earn a worthwhile return, I'm worried I'll put it in a crypto that won't be relevant in 3-5 years. The safest bet of course is to stake ethereum, but I don't like the indefinite lockup period they got right now. I like the Atom coin, but I'm not sure how to evaluate whether it has strong fundamentals and if it will be relevant in a few years (the top 10 cryptos now are very different from the top 10 a few years ago). Same with MATIC and a few other apparently strong cryptos at the moment.

I know it's impossible to predict the future but what would you folks advise someone in my position?

Matic is the best coin to inverse your valuable money.Ethereum was the best coin, so it give u huge chances to get profit from it. People with less trading knowledge also can inverse their money into Ethereum.If they hold the cpin for the longer period. It's easy for them to gain huge amount of profits.

I can see that this Shit coin to be the next to Pumping material of Whales because there are lots of shitpost about this to be the perfect investment but what i cannot see is what would be the best in this shitcoin to really bring investors profit.

Quote from: imamusma on February 27, 2022, 07:21:58 AM

Quote from: Wong Gendheng on February 27, 2022, 07:11:41 AM

No coin is safe and keeps going up, ETH and BNB a few days ago dropped more than 10% in a day, and for 2 months it has dropped more than 24%, this is decentralization that no one can control, the easiest thing right now to lock in bigger profits or stop losses is to be able to switch to stable coins like USDT.

In today's market conditions it is better to lock in profits with stable coins than to stick with decentralized coins which tend to decline when the market is not stable, so the only security now is stable coins which are very suitable in terms of storing assets that are not stable already available.

But what OP ask is about Staking and not about holding so what would be the currency to put in there?
specifically is what i believe OP is asking .

imamusma

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Quote from: Wong Gendheng on February 27, 2022, 07:11:41 AM

No coin is safe and keeps going up, ETH and BNB a few days ago dropped more than 10% in a day, and for 2 months it has dropped more than 24%, this is decentralization that no one can control, the easiest thing right now to lock in bigger profits or stop losses is to be able to switch to stable coins like USDT.

In today's market conditions it is better to lock in profits with stable coins than to stick with decentralized coins which tend to decline when the market is not stable, so the only security now is stable coins which are very suitable in terms of storing assets that are not stable already available.

Wong Gendheng

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Quote from: Luqman on February 26, 2022, 07:56:18 PM

In my opinion, the safest coins to stake are BNB and ETH. We can stake them in the Binance exchange, it is the most recommended place to stake. I know maybe many other exchanges offer bigger rewards in staking, but Binance exchange looks like a safer place for me. Well, BNB and ETH are proven coins for many years, and these coins are the best coins after Bitcoin as well. Moreover, if we learn their market caps, are the number 2 and 3 largest so far. So, no doubt to have them for a long time.

No coin is safe and keeps going up, ETH and BNB a few days ago dropped more than 10% in a day, and for 2 months it has dropped more than 24%, this is decentralization that no one can control, the easiest thing right now to lock in bigger profits or stop losses is to be able to switch to stable coins like USDT.

Luqman

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In my opinion, the safest coins to stake are BNB and ETH. We can stake them in the Binance exchange, it is the most recommended place to stake. I know maybe many other exchanges offer bigger rewards in staking, but Binance exchange looks like a safer place for me. Well, BNB and ETH are proven coins for many years, and these coins are the best coins after Bitcoin as well. Moreover, if we learn their market caps, are the number 2 and 3 largest so far. So, no doubt to have them for a long time.

ajochems

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Quote from: diffract on February 13, 2022, 04:52:47 PM

Hello,
I am planning on staking an altcoin to earn kind of an additional income to my salary.

Since I will be putting lots of money to earn a worthwhile return, I'm worried I'll put it in a crypto that won't be relevant in 3-5 years. The safest bet of course is to stake ethereum, but I don't like the indefinite lockup period they got right now. I like the Atom coin, but I'm not sure how to evaluate whether it has strong fundamentals and if it will be relevant in a few years (the top 10 cryptos now are very different from the top 10 a few years ago). Same with MATIC and a few other apparently strong cryptos at the moment.

I know it's impossible to predict the future but what would you folks advise someone in my position?

Matic is the best coin to inverse your valuable money.Ethereum was the best coin, so it give u huge chances to get profit from it. People with less trading knowledge also can inverse their money into Ethereum.If they hold the cpin for the longer period. It's easy for them to gain huge amount of profits.

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Quote from: riskarcher on February 26, 2022, 11:46:40 AM

Honestly no one knows what coin will be survive in the next 10 years for sure If we look at the history from 2013 - 2021 ETH, XRP, ADA, BNB and LTC that's all, thats the coin will be survive and profitable than other coin, if you want to find safe staking Binance Exchange and Biswap Staking are my favorites or you can look for other options according to your wishes and always DYOR in every choice you take, your money is your responsibility

You're still at risk if you stake upon Binance exchange. You don't hold the keys and that's why even if you think that you're safe with Binance, you're not really because you don't your cryptos.
I'm a user of that exchange and I know that it's one of the most trusted and known exchanges at all.
DYOR is a must so you'll figure out which coins are likely to survive for the long term. You don't waste your time and money searching for projects that might be outdated within the next few years.

crzy

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Quote from: riskarcher on February 26, 2022, 11:46:40 AM

Honestly no one knows what coin will be survive in the next 10 years for sure If we look at the history from 2013 - 2021 ETH, XRP, ADA, BNB and LTC that's all, thats the coin will be survive and profitable than other coin, if you want to find safe staking Binance Exchange and Biswap Staking are my favorites or you can look for other options according to your wishes and always DYOR in every choice you take, your money is your responsibility

Staking can be vary depends on the price in the market, its too risky to stake at a bottom price because you might lose opportunity to make money once the price recovers, so staking also needs a perfect timing and this is not easy. Better to stake with the great coins available in the market, Binance exchange is a great place to stake your holdings, just keep doing your best to analyze it well.

riskarcher

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Honestly no one knows what coin will be survive in the next 10 years for sure If we look at the history from 2013 - 2021 ETH, XRP, ADA, BNB and LTC that's all, thats the coin will be survive and profitable than other coin, if you want to find safe staking Binance Exchange and Biswap Staking are my favorites or you can look for other options according to your wishes and always DYOR in every choice you take, your money is your responsibility

Benefactor

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You can decision AVAX for marking however there is a gamble. Additionally, you can stake VeChain and it is likewise adequate. I have discovered that you should put resources into a venture that has a decent item. I implied a decent item that produces great income. I have an alternate assessment on matic. In any case, you really want to find without help from anyone else for the coins since you really want to change with your assets. A few coins will cost huge amount of cash before you can begin marking.

masterrex

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I think there's no such thing as the safest coin for staking because at the end of the day all cryptocurrencies are subjected to fluctuation which is very volatile in nature, that's why every time the value may decrease or increase. so I think it safer to use a reliable stable coin like BUSD because it did not fluctuate much like the common cryptocurrencies in the process.

timerland

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Quote from: FanEagle on February 26, 2022, 01:38:11 AM

It certainly will be ETH whenever ETH 2.0 is available. However, even at the time being we are seeing some places like Binance start allowing people to stake in a pool together with the current system. Doesn't mean that it should be done in a different way or should be done badly, it is definitely not a great system currently but it is not zero neither, it is at least something.

Requires you to lock it for a long time and doesn't earn you much, so it is not preferred at the time being. Which leaves things like BNB at bay, that is a lot better and you could stake it in a million different places and you could earn a lot of money from them as well, certainly a good option.

What exactly do you and OP mean by the "safest" coin even?

Are you talking about network safety, or fluctuations with the price of the coin...?

If the former, then you can't get better than Ethereum. ETH2.0 staking has been available for quite a while now and has produced consistent returns. SOL is also a potential alternative, although its network is down sometimes so you will need to be comfortable with that.

If you care about the fiat value of your Stake, then I highly suggest looking at Anchor protocol - not really staking but 20% APY on stablecoins is pretty sweet.

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Quote from: ?? on ??

everything has a risk, it is not easy to predict the future, anything can happen. ETH is very strong for the future there is no doubting that but choosing the MATIC coin is the right choice for the future with full of risk and the possibility of big profits because the price is still under $3
for security believe no one is safe for the possibility of taking profits, big risks for big profits.

If you look at the advantages of the two coins you mentioned, I am still very confident in Ethereum than Matic even though the price of Ethereum is already very expensive and when compared to the current price I think the profits could be more if Ethereum can find a new ATH again in the year this, and for Matic it's not that bad actually, just to increase to 100% it looks very difficult in the current market conditions.

For staking, we usually check which coins/tokens have a higher APY that we possibly get, not the name. Like if we can see Matic is higher APY compared to ETH, you surely choose Matic instead of ETH. I'm not going to deny that if that happens to me. I use flexible staking which I can withdraw my funds anytime so staking not known coins is safe unless we are using new and non-reputable exchanges. Of course, not a hundred percent safe and we know that already.

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Quote from: chikading2016 on February 25, 2022, 08:59:27 PM

You are right it is really hard to predict the future of every coin, there are a lot of altcoins from year 2017 to year 2020 that is abandoned by the developer and turn into zero value and some is still listed by no volume on market, so I think we can have more advantage if we stake the coin for 1 to 2 years and then refresh and stake it again, for now staking a coin like play to earn or metaverse is the best choice.

Coins that are still in the market with zero volume will also be deleted by the exchange at some point in the future, so obviously the best option as you said is still more suitable to do at this time than just storing coins in a wallet without adding to the amount of assets.

FanEagle

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It certainly will be ETH whenever ETH 2.0 is available. However, even at the time being we are seeing some places like Binance start allowing people to stake in a pool together with the current system. Doesn't mean that it should be done in a different way or should be done badly, it is definitely not a great system currently but it is not zero neither, it is at least something.

Requires you to lock it for a long time and doesn't earn you much, so it is not preferred at the time being. Which leaves things like BNB at bay, that is a lot better and you could stake it in a million different places and you could earn a lot of money from them as well, certainly a good option.

chikading2016

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Quote from: diffract on February 13, 2022, 04:52:47 PM

Hello,
I am planning on staking an altcoin to earn kind of an additional income to my salary.

Since I will be putting lots of money to earn a worthwhile return, I'm worried I'll put it in a crypto that won't be relevant in 3-5 years. The safest bet of course is to stake ethereum, but I don't like the indefinite lockup period they got right now. I like the Atom coin, but I'm not sure how to evaluate whether it has strong fundamentals and if it will be relevant in a few years (the top 10 cryptos now are very different from the top 10 a few years ago). Same with MATIC and a few other apparently strong cryptos at the moment.

I know it's impossible to predict the future but what would you folks advise someone in my position?

You are right it is really hard to predict the future of every coin, there are a lot of altcoins from year 2017 to year 2020 that is abandoned by the developer and turn into zero value and some is still listed by no volume on market, so I think we can have more advantage if we stake the coin for 1 to 2 years and then refresh and stake it again, for now staking a coin like play to earn or metaverse is the best choice.

timerland

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First of all, I don't think that you should look at staking as an income source per se.

The token supply inflates whenever you receive staking rewards, which means that unless the market cap of the coin goes up and exceeds the growth in staking rewards in the ecosystem, you are actually not making much money at all.

You could, however, try staking SOL or ETH. Both give attractive rewards, but as I said, you should not treat this as income.

Topic: What is the safest coin to stake? - page 2. (Read 703 times)