Topic: Which platform is the best for staking? (Read 256 times)

Personally, I use trust wallet and atomic wallet but do not know the process as I am new on staking. Is it possible to give me any instruction link where I will get necessary things about staking? It will help me more to know about staking very well.

I will advise that you get in on good coins with strong fundamentals and roadmap. Look at Ethereum, those who staked to bootstrap implementation of the PoS features for ETH 2.0 are now in good profits. Who knows what the price may be by the end of the staking period?

If you can spot such, and avoid degens, then it would pay off in the long term. Then get yourself good wallets noncustodial wallets with staking features likeTrust and Atomic wallets.

But many people are saying that staking on big exchange can affect on my capital because price of my staking token can down any time. But if goes high then it will boost my earning vey big. What do you think about it?

I believe you should also consider the most secure platform to stake on; aside from looking for a platform to stake on, you should be more concerned about the safety of your funds; this is why I would only recommend binance and pancakeswap because they are related; so far, binance has proven to be trustworthy enough, and I have only done staking with them, despite the fact that the apy of most of the cryptocurrencies is negative; this is why I would only recommend binance and pancakeswa

I have researched also and I'm confused which one is better for me as I'm a beginner. If I compare to staking platform, which one should I pick and why it will best for me? What should be remember before entering a staking platform?

There is plenty type of staking that I know of. such as staking coin with website token. or stake with investment purpose or some defi website also offering staking by just holding some coin . or a farming system that is widely used in nft games ( not sure can people call this staking too or not ) . you can decide for yourself. I don't want to recommend a service that I'm not sure about that either. although many people say it is safe. but there is also risk in any type investment.

It's upon the discretion of the person who's about to stake his/her funds. Many are encouraged to do that into exchanges staking because APYs are quite good enough for them and they really think that they're safe with those reputable exchanges but I call it 50/50.
Online wallets, this is what I guess you're trying to say.

Yes, it is very risky step to get high profit but what can I do now? Do you have any other idea about staking to minimize the risk of it? As a beginner, I don't want to lose my capital which may affect on my mind.

You mentioned a very good point.  Just as when we stack our assets, the price can go down, so we can't use these assets until the end of the staking period. So only if we have extra money can we think of staking.
Trading is more profitable but it is not suitable for a new trader.

Find the best platforms that runs on cheaper network like BSC, uniswap fee is very high, also I recommend a well secured platforms like kucoin and binance that's if you prefer exchanges than wallets, as for wallet atomic and trust are the best

Exchange wallet are not safe to use as staking mate, though others has offering staking yet we are always being advised that we need to stay away from leaving our money in online wallets for long time.
I will only let my funds in wallets when there are a need to trade .
diversifying is what we need to use as basic strategy , because we must not put all eggs in single basket so if ever there is something happens your other investments is safe.

There are many other wallets that are also offering staking features for different altcoins that they have. It's just you need to choose the reputable on those wallets that also has that feature.
It easy to choose from those available wallets that have staking feature too.

Try checking this thread mate

https://bitcointalksearch.org/topic/do-any-casinos-offer-cryptocurrency-staking-5261357

it tackles about Casinos that offers staking also and maybe since you are asking about Platforms and no specifically ? maybe you will consider some of the casinos as best place to stake your money.

binance has a good offers for staking in Ripple(XRP)

but OP must consider looking for the coins he wanted to stake and not just the platform itself.

Returns per year and coins available for holding is more on the exchanges and I guess only trust wallet offering the staking feature for some cryptos.

And even they say, funds are safu. It's still different from actually holding your coins while you're staking it. You choose from those interest, safety and locked in period factors.
You can do that mostly on your own with wallets that has staking feature without agreeing to the contract of holding it for a period of time.

I mostly used Beefy.Finance when dealing with DeFi projects for staking. Never had any issues so far. I've noticed that some exchanges, such as Binance do offer staking too, but their options are limited and not really worth it, at least Binance is deemed as a safe, low risk opportunity.

I've used Dopple Finance, ApeSwap and Iron.Finance, all through the Beefy platform, now I'm staking WUSD and BUSD through Wault.Finance. Wish me luck!

Exchanges like Binance, Kraken and Kucoin offers staking features but its not actually that much profitable like trading the crypto assets and when your assets are on staking period the value of assets can drop drastically which is the biggest risk associated with crypto staking.

in general, most people would prefer staking directly from their wallet. you just need to connect your address to the platform and then stake your coins directly. the least favorite is a centralized party where you don't control your coins, such as centralized lending and so on. if possible avoid them. i personally stake on pancakeswap, apeswap, native platform for coins like kai, lto, etc.

I have believe in diversifying, regardless of whether it's investing or staking. Staking is a trendy feature most of DeFi exchanges, even centralized exchanges also offer nice percentage. At the moment Binance, Pancakeswap, Apeswap platform I'm referring to do stake. Until now i'm happy with their service and APY offering.

Staking has a disadvantage that no one is telling you, once bear market starts your staking coins will reduce in value as well, meaning your income from staking will go lower and sometimes you will be pissed, my advice is stake the best coins only, examples? Polkadot and ETH, scared of volatility? Find stable coin staking, Binance exchange has USDT staking

I will not advise you any to invest and stake your Money , but never ever invest your funds inside EOSBet >>> https://eosbet.io/ <<<<

Please be aware of that Scam site and your funds will remain inside when you decide to stake them

Plus that is not trusted casino site that faces so many issues inside their own chatroom about not being fair and also not letting accounts to withdraw.

so stay away if ever there is someone told you to.

I think you should also consider the platform that is most secured to stake, beside looking for the platform to stake you should also be more concerned about the safety of your funds, reason why I would only suggest binance and pancakeswap since they are related, so far binance is trustworthy enough, and I have only done staking with them, although the apy of most of the staking not as attractive as many staking platform out there but am more concerned about the safety of my investment, the decision is your.

There are some multiple wallets that can be used to stake your tokens but that depends on what kind of your token. If you know what token that you wanna stake it and then you must also try to take a look at how much APY/APR that already offered. You can pick the best platform to stake your coin based on your token. if that's related to the major coin and some multi wallet like trust wallet was the best choice but you can also go to the swap or defi to stake your token.
You can try to visit uniswap, pancakeswap or something else to participate in the staking and farming.

Try to pick some article from the internet like this one as a way to learn more about staking and how it's working right now. https://coinmarketcap.com/alexandria/glossary/staking

Usually this is often given to binance, Markets and others, if the bet you mean is a project or investment complex. Usually when this is earned, then people will trade and sell on the right conditions assuming large margins.

Back again to the prediction and analysis of the exchange or selling of the staking that we have, after we do this the staking you mean will be very useful for us to release, therefore we need lots of references with clear sources.

Nothing beats staking those altcoins while holding it with your wallet and you own the private keys or seeds on it. The best would be staking it on a hardware wallet(Ledger), to give you an idea. While you don't have your HW yet, take a look at those supported wallets that those cryptos that you want to stake in through the links below.
(https://www.ledger.com/staking)
(https://trustwallet.com/staking/)
(https://www.exodus.com/blog/tag/staking/)
(https://support.atomicwallet.io/article/140-staking-options-in-atomic-wallet)

Staking is getting good as more people are now understanding that they can earn while also having their tokens kept for long term profit. Also from the look of things, it seems that most staking platforms now are on BSC network, although newer blockchain networks like Okexchain has theirs too but the prominence can not be compared to that of BSC network currently.
Nevertheless, on BSC network, Pancakeswap is taking the lead and the token you need to stake in order to earn other tokens is CAKE, you can also stake CAKE to earn CAKE.
Another on BSC network is Apeswap, in this case you will need BANANA token in order to stake and earn. These two are the prominent so far on BSC network.
On Okexchain you have cherryswap which claims to be the first Dex or swapping platform on Okexchain, and you will need CHE token for that, I think there are still others coming up.
Now there is an important thing you need to know, and that is, whatever you will earn from staking will depend on the amount of tokens you staked, that is, whatever you will earn from CAKE staking will depend on the amount of CAKE staked.
All these three staking platforms are to the best of my knowledge, it is now left for you to make further research and take the one that suits you well.
Staking process is quite easy and straightforward, and there is a difference between staking pool and liquidity, since it's for staking, you will need to select the token you want to earn, approve the contract, deposit the token of the platform and start earning, you can unstake anytime you want.

I use binance and trust wallet, which ever form of stake earning you seeking for is available on binance or trust wallet, though trust wallet seem safer than binance because of centralisation

I'm new on staking and I didn't participate any staking. I want to earn by staking. Would you mind sharing some information about staking? Where to stake and how to stake? Your opinion will help me to learn about staking.