What is the safest coin to stake? - page 5.

diffract

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Quote from: bakasabo on February 15, 2022, 03:06:08 AM

What kind of stake do you prefer? To stake altcoins on exchange, or in the wallet? For example you can stake BNB in Trust wallet and stake them on Binance. The differences are in % and obligatory to pass KYC or not (and such trifle as "not your key, not your crypto"). If passing KYC is not a problem, why not get any top altcoins, that Binance offer high % for staking? For mentioned Matic Binance now offer 6% APY.

well, staking a good amount of money on an exchange doesn't seem to be a good idea. I prefer to keep my wallet local and delegate the crypto.

sarmrakib

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Quote from: diffract on February 13, 2022, 03:52:47 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?

Its true that nothing is sure and secure here in crypto. You have to take riskso that you need to set on it on mind then ready to invest on staking to earn. I think the return percentage is different on different platform so that you need to search the high percentage of return platform then take your investment. I think matic is a right choice to stake cause it has a strong concept and more potential than any other project. You may look into Avax and Near which has really strong concept and more potential. I think you may get a good return. Hope for the best.

bakasabo

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What kind of stake do you prefer? To stake altcoins on exchange, or in the wallet? For example you can stake BNB in Trust wallet and stake them on Binance. The differences are in % and obligatory to pass KYC or not (and such trifle as "not your key, not your crypto"). If passing KYC is not a problem, why not get any top altcoins, that Binance offer high % for staking? For mentioned Matic Binance now offer 6% APY.

michellee

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I guess no safest coin to stake as all coins in the stake can have their risk. You can stake coins at the exchange if you want and Binance will be a good choice. But if you want to stake at your wallet, you can select Ledger, CRO wallet or others. I used CRO wallet and stake some CRO coins to earn other coins and still working until now. But you need to find by yourself for the coins because you need to adjust with your funds. Some coins will cost a lot of money before you can start staking.

ryzaadit

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Quote from: slaman29 on February 15, 2022, 02:14:53 AM

-snip-

Please read again my post. In the post, I'm talking

"If you just staking with small money you can get only a small % pool"

That it's referring to staking pools. Try to use the staking reward calculator and comparing the reward + the risk you are gonna to receive. Example 30,000 USD (ETH) fund for staking will receive around 100+$ in one month.

That's just under 1%, and the risk you are gonna to get by volatility crypto is more than that. Imagine you get 100$ reward for one month, and ETH price moving down with only 1% you already lost 300$.

slaman29

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Quote from: ryzaadit on February 14, 2022, 04:36:17 PM

Quote from: slaman29 on February 14, 2022, 02:11:07 AM

-snip-

Did you also kidding us ?

ETHEREUM staking need a lot money, If you just staking with small money you can get only a small % pool. Full validator need more than 32 ETH, people love to staking with small market cap coin comparing major coin because the APY is really high comparing major coin/tokens.

It's not even worth at all, the risk comparing reward for staking ETH.

Have you never heard of staking pools? Look at Ethereum.org and find information on staking and the very first page tells you all you need about.

All those staking coins people talk about in Defi does not even make them validators anyway, so who here is talking about becoming an ETH validator?

Very few people can mine Bitcoin solo, very few people can stake ETH solo, so why are you assuming I am telling people to do so? You sir are the one kidding.

livingfree

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Quote from: ryzaadit on February 14, 2022, 04:36:17 PM

Quote from: slaman29 on February 14, 2022, 02:11:07 AM

-snip-

Did you also kidding us ?

ETHEREUM staking need a lot money, If you just staking with small money you can get only a small % pool. Full validator need more than 32 ETH, people love to staking with small market cap coin comparing major coin because the APY is really high comparing major coin/tokens.

It's not even worth at all, the risk comparing reward for staking ETH.

That's true, whether you join into a small pool, that wouldn't be a great profit but at least you helped the network.

Also, it's not yet completely done in the turnover of PoW. Only a few platforms that you can stake it including binance. But if I'm going to stake ETH there, I'd choose to hold than putting it there.

I know some pools are already operating but I'll wait for its complete turn.

ryzaadit

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Quote from: slaman29 on February 14, 2022, 02:11:07 AM

-snip-

Did you also kidding us ?

ETHEREUM staking need a lot money, If you just staking with small money you can get only a small % pool. Full validator need more than 32 ETH, people love to staking with small market cap coin comparing major coin because the APY is really high comparing major coin/tokens.

It's not even worth at all, the risk comparing reward for staking ETH.

Raflesia

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You can go to Binance exchange with some of the top coin choices and have ETH in them but the APY is very small for ETH to be staked there, maybe have a look here. https://www.binance.com/en/defi-staking

Actually there are many who offer staking on new platforms with very large APY of course it is risky but if you want popular coins that you use you can choose several exchanges that support this, but ETH and other types of coins will certainly be very small on the APY.

bitterguy28

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Quote from: diffract on February 13, 2022, 03:52:47 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 can simply find the available staking in Binance exchange for your own safety and short profiting .
there are at least 30-90 days staking available in new projects that can give you even 2 digits income in short term.
just be the early bird because the 90days period are mostly easily gone and the low term remains available .

babygun

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I stake all my coins on Kraken and would recommend staking Ethereum, Polkadot, Cardano and Solana. All these coins have a bright future, so with some luck, you will not only have staking profits but also profits because the value of the coins went up. Other options to stake are Tezos or Kava.

slaman29

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Are you guys kidding me? We're talking about staking and not a single person mentions Ethereum?

How on earth for example one of you guys actually recommends Tezos as your top coin for safest staking? You know Tezos is the brainchild of scammers who still haven't cleared their name right?

I wasn't a fan of Ethereum before but lately, they've proven to be decentralized to a point no one controls them anymore. How can Ethereum be less safe than any of the other coins mentioned?

Sayeds56

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Quote from: diffract on February 13, 2022, 03:52:47 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?

I think there is no Alt coin which is totally safe and risk free. Risk is associated with every investment so is with crypto. For farming and staking I think AVAX, SOLANA and Luna are good, their wallets like Phantom and Terra station can be used for staking. https://apeswap.finance/swap is also good for farming/staking Matic and its pairs for generating passive income but always remember that there is risk of impermanent loss. DYOR

shinratensei_

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I know how do you feel about the market and the climate in the crypto market can change anytime. I will give you a case about the popularity of privacy coins. I remember that when privacy coin became a big trend and it needs around 2 years for the privacy trend to be irrelevant again with the development in the crypto market.
I have learned that you must invest in a project that has a good product. I meant a good product that generates good revenue. I have a different opinion about matic.
You must consider the strategic investment as a part to make this project being relevant until 5 years later.

Crypto is growing so fast but i personally think BNB, some metaverse tokens like MANA will still be relevant until 5 years ago. Uniswap , aave, and many more.

diffract

newbie

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Thanks, some really good suggestions, especially the Ledger list

terrific

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Catalog Websites

https://www.ledger.com/staking
On that link, it has 5 supported altcoins for their staking. I think a company like Ledger supporting only 5 altcoins for staking has some serious reasons for doing so.
I'm not saying that you rely on their bet as they support these. But you can have an idea that one of the most known hardware wallet got to choose these.

peterpanda

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Without risk, you will not be able to earn good amount. It is not easy to predict the future. You can choice AVAX for staking though there is a risk. Besides, you can stake VeChain and it is also good enough.

seleme

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Long story short, you can Google the mentioned safe "stakeable" altcoins and choose which one suits your expectations in the long term:
1) Tezos
2) VeChain
3)Cosmos
4) Lisk
You can easily check which wallet supports the staking and choose your coin after checking rules, expected profit based on staked time. Be careful and don't fall in the network schemes, especially on social media.

diffract

newbie

Activity: 21

Merit: 1

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?

Topic: What is the safest coin to stake? - page 5. (Read 760 times)