The idea to stake your stablecoins comes from not trusting crypto and that is the hardest part for me. I do not believe that stablecoins would stay as valuable as the staking rewards I would be getting, the "number" that I own would change, but the purchasing power would stay the same in a long period of time.
If I invest 100 dollars right now, and get back 108 dollars next year, that 108 dollars would buy the same thing that 100 dollars bought last year, maybe not even that much if inflation is high. Whereas, if I put it on crypto, there is a chance it could go down a bit, but there is a chance it could 2x as well and could actually make me a profit instead.
Topic: Where to stake stablecoins with insurance? (Read 355 times)
Generally, you can store and trade stablecoins that are used to trade on decentralized exchanges (DEXs). DEXs are run entirely by code, which means they don't require intermediaries like banks or brokers to facilitate trading. The point is to find a safe trading platform, security support such as 2FA verification, or KYC is needed.
The most important thing is the security of storing tokens in DEX or wallets depending on how we use them. If you store it in a wallet in your own wallet and connect to an unknown site and connect to the internet, then the device itself is vulnerable to hacking.
The most important thing is the security of storing tokens in DEX or wallets depending on how we use them. If you store it in a wallet in your own wallet and connect to an unknown site and connect to the internet, then the device itself is vulnerable to hacking.
The obvious answer to everyone would always be Binance. But I can suggest a new exchange platform for you, called FMCPAY. You can DYOR and choose to stake your coin here: https://fmcpay.com/stakings
We also have a running Staking Event to raise the amount in your Staking wallet, feel free to join us.
We also have a running Staking Event to raise the amount in your Staking wallet, feel free to join us.
What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?
Different platform can offer you different APR bonus for stake stablecoin . But choosing a safe place is the real work. i can suggest you Binance exchange for stake stablecoin . Although Binance offers relatively low bonuses. Still I think it's a safe place . you can get 8% APR for USDT & BUSD from Binance savings Any suggestion for insurance against smart contract failure, hack, etc...?
I find such interest rates reasonable in this bear market. Binance no longer offers high APY but is still the safest among staking platforms today, I accept low interest rates but safer than high interest rates that make you unable to sleep well every night. If you want high returns I recommend investing instead of stake.
Back in 2021 you could of actually made some APY by selling the futures and buying Bitcoin or Ethereum on spot.
Back then the front month had like a 5% premium and quarterly had like 15%. So what many did was buy on spot and send it to a futures exchange and short it there. Wait until it expires and close the trade. Pretty risk free.
Doesn’t work anymore since funding rates are flat now.
Back then the front month had like a 5% premium and quarterly had like 15%. So what many did was buy on spot and send it to a futures exchange and short it there. Wait until it expires and close the trade. Pretty risk free.
Doesn’t work anymore since funding rates are flat now.
What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?
Different platform can offer you different APR bonus for stake stablecoin . But choosing a safe place is the real work. i can suggest you Binance exchange for stake stablecoin . Although Binance offers relatively low bonuses. Still I think it's a safe place . you can get 8% APR for USDT & BUSD from Binance savings Any suggestion for insurance against smart contract failure, hack, etc...?
I find such interest rates reasonable in this bear market. Binance no longer offers high APY but is still the safest among staking platforms today, I accept low interest rates but safer than high interest rates that make you unable to sleep well every night. If you want high returns I recommend investing instead of stake.
if op want to stake average of $2k then Binance enough for him to stake USDT & USDT combination . but if op want to stake huge amount then Binance not enough . When Binance gave 10% interest for staking I tried to stake a big amount of stablecoin ,coz then our central bank offered 5.5% interest . But I couldn't stake more then $4k then. but now our central bank increased there interest to 7.5% so i have deposit my money on our central bank now. i think it is safe then crypto
Binance usually have limited amount for staking with stable coins and earn different reward APY if stake above amount maximum, I think with 10% APY interest very excited to stake there with Binance have guarantee more secure exchange market. Maybe have to spent amount two kinds between BUSD and USDT if want staking above minimum limited amount by Binance. Better with staking at BUSD than bank because every day USDT have increase values and local money seems have inflation day by day.
They are many places to stake your stablecoin, but I prefer Binance and Kucoin exchange, because they are more reliable than Dex exchange, while waiting for the complete period of your staking to complete and is already credited on your spot account.
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So far "Binance" with SAFU.I don't see other service have an insurance for customer, it's all depends on the loss asset during the attacking. Most of service could be terminated due losing to much asset and company can't covered the loss.
1-5% loss could be still can be handle, but more than 10% could be make the company have problem (It's based speculation).
And what kind of insurance Binance have? Sorry but didn't read about it.
All I know is "Not your keys is not your funds". This is related to all CEX exchanges, not just Binance.
My priority for staking is of course I don't stake all my Binance assets here. Each platform has its own risks. Binance is a bit more attractive to me than dex and cex. There are also Dex exchanges that I stake, I usually do not make long-term commitments. I only made a 1 year commitment on one dex exchange, it will be released in april, I am not sure if I will do it again.
He will able to stake only 1000 USDT and 1000 BUSD which is much less amount . yes , he can stake safely his USDT on Binance and he can redeem his usdt any time instantly from Binance if he want. and binance will give him profit every day according his amount & Staking percentage . it is really a good feature .
I will also recommend Binance too, they have a good track record and investors' funds are SAFU unlike other staking platforms with no track record, risky and a high possibility of scamming investors.
Binance has different options to stake and earn, depending on the amount the person is willing to risk. Although Stablecoins staking will not yield more profit unlike none stablecoins staking but with the market situation where the majority of coins are down more than -50% it is better to stake stablecoins till the market recovers.
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Yes quite some time ago its limit was $2000 USDT and $2000 BUSD and interest was 10% APR but recently binance has reduced it to $1000 and interest is only 8% so if one is intending to stake more, then binance Won't work much for him.
But at least he can feel safe risking his USDT on Binance. Moreover, Binance is one of the big exchanges and already has a reputation among other exchanges. And with that result, he would benefit even if there was a reduction to the limit. If I were him, I would choose Binance to stake my USDT because it is a good passive income to try. But that's just a suggestion and he has to figure out what's good for him.
He will able to stake only 1000 USDT and 1000 BUSD which is much less amount . yes , he can stake safely his USDT on Binance and he can redeem his usdt any time instantly from Binance if he want. and binance will give him profit every day according his amount & Staking percentage . it is really a good feature .
I will also recommend Binance too, they have a good track record and investors' funds are SAFU unlike other staking platforms with no track record, risky and a high possibility of scamming investors.
Binance has different options to stake and earn, depending on the amount the person is willing to risk. Although Stablecoins staking will not yield more profit unlike none stablecoins staking but with the market situation where the majority of coins are down more than -50% it is better to stake stablecoins till the market recovers.
Yes quite some time ago its limit was $2000 USDT and $2000 BUSD and interest was 10% APR but recently binance has reduced it to $1000 and interest is only 8% so if one is intending to stake more, then binance Won't work much for him.
But at least he can feel safe risking his USDT on Binance. Moreover, Binance is one of the big exchanges and already has a reputation among other exchanges. And with that result, he would benefit even if there was a reduction to the limit. If I were him, I would choose Binance to stake my USDT because it is a good passive income to try. But that's just a suggestion and he has to figure out what's good for him.hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Yes quite some time ago its limit was $2000 USDT and $2000 BUSD and interest was 10% APR but recently binance has reduced it to $1000 and interest is only 8% so if one is intending to stake more, then binance Won't work much for him.
But at least he can feel safe risking his USDT on Binance. Moreover, Binance is one of the big exchanges and already has a reputation among other exchanges. And with that result, he would benefit even if there was a reduction to the limit. If I were him, I would choose Binance to stake my USDT because it is a good passive income to try. But that's just a suggestion and he has to figure out what's good for him.Binance will be a top choice because of its promising features. As for me, it's the safest exchange to stake stable coins. It's reputable and trusted by lots of users for a long time already so no wonder why lots of users are suggesting it. I've tried staking USDT in Binance as well and I didn't encounter any problems but you can do continuous research so you'll find an exchange that will fit the criteria that you have.
Yes quite some time ago its limit was $2000 USDT and $2000 BUSD and interest was 10% APR but recently binance has reduced it to $1000 and interest is only 8% so if one is intending to stake more, then binance Won't work much for him.
But at least he can feel safe risking his USDT on Binance. Moreover, Binance is one of the big exchanges and already has a reputation among other exchanges. And with that result, he would benefit even if there was a reduction to the limit. If I were him, I would choose Binance to stake my USDT because it is a good passive income to try. But that's just a suggestion and he has to figure out what's good for him.Binance will be a top choice because of its promising features. As for me, it's the safest exchange to stake stable coins. It's reputable and trusted by lots of users for a long time already so no wonder why lots of users are suggesting it. I've tried staking USDT in Binance as well and I didn't encounter any problems but you can do continuous research so you'll find an exchange that will fit the criteria that you have.
Binance. It is by far the best exchange, and maybe the staking returns are not as high as some other places, but it is guaranteed.
Anyone who tells you another place will give you a name of a place that is not as trustworthy as binance, and that means we are not going to see anything change in that situation and putting money where it is riskier, even if it's little bit more, there is no need. Put it on binance and don't look back, if you can compound that is better because if you do that, over course of long years, you are going to earn more than inflation and that means you are going to get richer and richer, do that long enough and you will be rich.
Anyone who tells you another place will give you a name of a place that is not as trustworthy as binance, and that means we are not going to see anything change in that situation and putting money where it is riskier, even if it's little bit more, there is no need. Put it on binance and don't look back, if you can compound that is better because if you do that, over course of long years, you are going to earn more than inflation and that means you are going to get richer and richer, do that long enough and you will be rich.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Yes quite some time ago its limit was $2000 USDT and $2000 BUSD and interest was 10% APR but recently binance has reduced it to $1000 and interest is only 8% so if one is intending to stake more, then binance Won't work much for him.
But at least he can feel safe risking his USDT on Binance. Moreover, Binance is one of the big exchanges and already has a reputation among other exchanges. And with that result, he would benefit even if there was a reduction to the limit. If I were him, I would choose Binance to stake my USDT because it is a good passive income to try. But that's just a suggestion and he has to figure out what's good for him. 
What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?
Binance Exchange is the safest and most convenient place to stake Stable coin.You are on Binance Exchange You can keep staking stable coins with security. There you can earn profit.You will have no risk and you can keep it completely safe.Any suggestion for insurance against smart contract failure, hack, etc...?
There are so many scammers that a bit innovative by creating fake site. this is the difficult thing that can be avoided.
What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?
Different platform can offer you different APR bonus for stake stablecoin . But choosing a safe place is the real work. i can suggest you Binance exchange for stake stablecoin . Although Binance offers relatively low bonuses. Still I think it's a safe place . you can get 8% APR for USDT & BUSD from Binance savings Any suggestion for insurance against smart contract failure, hack, etc...?
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