Where to stake stablecoins with insurance? - page 2.

coinerer

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Quote from: smartaction on October 20, 2022, 01:53:44 AM

Quote from: coinerer on October 19, 2022, 05:30:38 AM

Quote from: smartaction on October 19, 2022, 03:22:04 AM

Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

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

Maybe you are right. Binance can be a right place to stake stable coin But no one can guarantee that Binance is 100% safe because when you stake a coin, that coin will leave your wallet and you can only see an account of how many coins you have staked but you won't have control over that coin. Maybe because Binance is a trusted exchange, they will never let your money go to a scam. Yet there certainly remains a risk

No one can guarantee any cryptocurrency platform or token is 100% trustworthy. But since Binance is a big exchange platform and they have experience of completing billions of trades every day. So I don't think they will scam for a few dollars. Not only small but big amount stake with them or trading on their platform I don't think they will scam it, I have faith in them because I myself stake 2000 dollars there for a long time.

I have also been trading on Binance for a long time and I have been thinking of Staking Stubble Coin on Binance for a long time but it has reduced from 10% profit to 8% now, I have no regrets either. There is a limit, you can keep only 1000 dollar usdt and 1000 dollar BUSD for 8% profit otherwise you will be given only 0.7-0.8% profit. So Binance isn't the best for staking large amounts of stablecoins

crzy

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Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

There might be no direct insurance to protect your stablecoins while staking, I believe some exchanges have their own insurance to protect their exchange and with this, Binance is your best option. I think many also suggest Binance here and that’s the proof that they are secured and prepared enough to cover the possibles losses if hack happened on their platform, I can’t suggest any aside from this.

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Quote from: lobo13hf on October 13, 2022, 06:18:19 AM

There's no insurance for staking stable token. This is crypto and you can't think if crypto just like a bank that will give you more guarantee for your money. The risk will always there. That depends on you whether you have agreed with such condition or not. I meant you must also aware that if these days anything can happen with the platforms just like when it has been hacked by hackers. So, you must think for twice before try to stake your money.

This is mostly the reason why a lot of investors who doesn't have enough knowledge tend to lose so much by investing to a wrong coin. Staking stablecoin sounds like a good coin to invest but with insurance seems like a perfect coin to me that you are just basically putting them on the exchange to gain profit. But you can't just asked for a stablecoin with insurance since staking is probably has some pros and cons which is not making your coin to get insured if there's something bad going to happen in the exchange.

cris1991

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SirLancelot

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Quote from: TastyChillySauce00 on October 18, 2022, 02:50:54 AM

I never ever heard any platforms that offered insurance. Maybe you are feeling worry with the hacked cases that happened with most of crypto related platforms. I can say there would be no safe place even your wallet was not safest place as well.
Staking in centralized exchange site. i saw some exchange sites got hacked but they were using insurance to handle it. I meant you shall check the problem that happened with kucoin.

I only heard one so far and that was binance exchange but im not only sure if what are their terms about this if staking of stable coins are also covered in this insurance feature. OP can just visit them and read more about their rules. OP won't ask this kind of question if he isn't worried about his coins but who wouldn't be?

Staking is the act of putting a coin in one platform for a longer time so this needs more attention in terms of security because we won't know if the site turns out bad later on or if they will be hacked. Cex are prone to hacks but imo they are better than the defi's and other smart contract based projects. There were less glitches, bugs and exploits on them.

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The safest place to invest stable coins is decentralized exchanges, but the return is not very high. As for the best place to invest, I expect it is Binance, but it is not the safest because it is a central exchange and has been hacked more than once, on the other hand, stable coins do not give much returns because their profits are low but they Safer than other volatile cryptocurrencies.

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Quote from: NicNacCoin on October 19, 2022, 11:28:39 AM

Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

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.

Binance is indeed one of the most reliable platforms not only for trading, but also for staking. According to Binance Earn, the current yield for staking stablecoins is 5% per annum, and for altcoins up to 70%. But you need to be prepared for the fact that the price of the altcoin, which is placed on the stak, may decrease and, accordingly, the resulting profit may not compensate for the loss.

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Quote from: coinerer on October 19, 2022, 05:30:38 AM

Quote from: smartaction on October 19, 2022, 03:22:04 AM

Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

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

Maybe you are right. Binance can be a right place to stake stable coin But no one can guarantee that Binance is 100% safe because when you stake a coin, that coin will leave your wallet and you can only see an account of how many coins you have staked but you won't have control over that coin. Maybe because Binance is a trusted exchange, they will never let your money go to a scam. Yet there certainly remains a risk

No one can guarantee any cryptocurrency platform or token is 100% trustworthy. But since Binance is a big exchange platform and they have experience of completing billions of trades every day. So I don't think they will scam for a few dollars. Not only small but big amount stake with them or trading on their platform I don't think they will scam it, I have faith in them because I myself stake 2000 dollars there for a long time.

NicNacCoin

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Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

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.

tvplus006

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Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

What is the safest place to stake stablecoins with nice yield? ..

High profitability and safest cannot be used together not only in cryptocurrency, but also in the real sector of economics. And if you see a high percentage of profitability, then you should conduct a more thorough study, since it is quite possible that this is a classic ponzi scheme. Accordingly, where your funds will be safe, a high APR will not be offered.

coinerer

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Quote from: smartaction on October 19, 2022, 03:22:04 AM

Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

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

Maybe you are right. Binance can be a right place to stake stable coin But no one can guarantee that Binance is 100% safe because when you stake a coin, that coin will leave your wallet and you can only see an account of how many coins you have staked but you won't have control over that coin. Maybe because Binance is a trusted exchange, they will never let your money go to a scam. Yet there certainly remains a risk

Sarah Azhari

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Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

I never heard about that, but I heard out there third-party insurance that offers insurance for your asset in Coin base and Gemini Exchange. And, I heard also, One of the leading crypto insurance companies is Lloyd through its broker Superscript provides protection against crypto. I never tried and never read anyone mentioned on this forum, better before you try it, please research it and ask the support.

https://www.coindesk.com/business/2022/05/11/lloyds-licensed-broker-launches-crypto-insurance-product/

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Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

No guaranteed everywhere, but I like how Binance program on staking whereas they have savings mode which can be get anytime even you staked and a locked one for higher apr. But not really that big actually but certainly good compared to banks.

But be careful on high apr, I was once regret the one I did with ust on binance and end up losing o their 30% apr on stablecoin.

smartaction

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Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

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

Jawhead999

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To everyone else who suggest Binance, it's partly correct since Binance have SAFU, but we don't know how much their reserved funds or how much they willing to recover their customer funds. IMO if you want to get 100% insurance about your money, it's better if you choose fiat and invest on bonds, time deposit etc.

Quote from: Lagduf on October 17, 2022, 07:08:37 PM

Go to the cex if you wanna get the safest place to stake your stable token. I don't think dex can be the safe place for your money. Im thinking the same about defi caused by there are so many hack happened with defi. Defi has so many vulnerabilities unlike cex is very well maintained at this moment. You must go cex and stake your stable token for small interest that will give you small amounts of money.

Misconception, DEX and DEFI are completely different, don't mix it.
As everyone know there's many cases DEFI always get hacked everytime, but the true DEX until now still not getting hacked e.g. BISQ. The swap platform e.g. Uniswap, Pancakeswap, etc isn't a DEX, that's why it's get hacked too.

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just use the platforms made by the famous exchanges like binance, kucoin, etc. I think they have significantly less chance of scamming you than the other if compared moreover they usually is better in terms of making sure that you wouldn't lose your money, I don't think there's any platform that's more worth than using the platform made by binance, they always have good quality platform for investments generally.

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Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

The safest place for stablecoin staking and good profitability through stablecoin staking are 2 different services. Don't try to find it all in one service, where everything will be better than others. They do not exist. If it's reliable and stable stablecoins staking pools you're looking for, then you need to go to Curve. They don't have the highest interest rates, but at least their pools specialize in stablecoins and there's always good liquidity. They had some security problems this year, but it wasn't about the pools themselves and the vulnerabilities in the smart contract.

Smack That Ace

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Quote from: Lagduf on October 17, 2022, 07:08:37 PM

Go to the cex if you wanna get the safest place to stake your stable token. I don't think dex can be the safe place for your money. Im thinking the same about defi caused by there are so many hack happened with defi. Defi has so many vulnerabilities unlike cex is very well maintained at this moment. You must go cex and stake your stable token for small interest that will give you small amounts of money.

Both are the same, neither is more secure than the other. Centralized exchanges can also be hacked or worse, crash like Mt.gox and we still lose money. Once you have accepted to participate in cryptocurrency, you should think about the risks we face, there is no concept of absolute safety in cryptocurrency. But speaking of staking, binance is definitely the place we can trust the most, as it is the largest exchange today. We may feel safer placing our assets on it, compared to other less popular platforms.

TastyChillySauce00

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I never ever heard any platforms that offered insurance. Maybe you are feeling worry with the hacked cases that happened with most of crypto related platforms. I can say there would be no safe place even your wallet was not safest place as well.
Staking in centralized exchange site. i saw some exchange sites got hacked but they were using insurance to handle it. I meant you shall check the problem that happened with kucoin.

Scripture

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Quote from: Aztecanaxa on October 12, 2022, 10:57:21 AM

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

Binance is the best option for this, you can also get some once you stake with their stablecoin.
SAFU seems to be the best asset for Binance which is being trust by big investors as well, if you don’t want stress with your staking always go for the best and with this, Binance is ahead of many exchanges with staking.

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