My head hurts from all the platforms out there, how do you pick?

[asbani]

My story with bitcoin is that I bought a little bit back in the old days and now it has flourished, however I've not work on them or invested. I also see people talk about farming/staking which can increase your portofio. Some people told me why do you just sit on your bitcoin, you could actually work them to get extra cash out of them.

With that said, which platform do you use? I'm new to crypto here! My head hurts from deciding which platform should I use to trade/stake/freeze/earn with. There are manyyyy! I've already looked into CakeDefi, Pancakeswap, Uniswap, Demex, RAMPDefi, Binance.com and Aave! all of these and I still don't know which one to choose and why. Can someone help/assist me as to choose which one? and why.

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[boyptc]

Some people told me why do you just sit on your bitcoin, you could actually work them to get extra cash out of them.

I'm not against with staking but AFAIK, you need a specific altcoin upon doing that with those defi platforms or exchanges. And I'm good holding my bitcoin with my hardware wallet not compromising its security that if someday those platforms might get hacked.

The most common that I know that's being used by most that are into it is Binance.

[bobyhodob]

I have a little advice to get results from farming, you can enter the BSC project because the fees are very cheap now, while Binance can also enter your funds on launchpad for farming but the apy is very small

[aoluain]

With that said, which platform do you use? I'm new to crypto here! My head hurts from deciding which platform should I use to trade/stake/freeze/earn with.

I personally use the Blockfi platform to earn interest on a portion of my Bitcoin,
Ethereum and Litecoin holdings.

There is risk involved but im willing to take that risk for a chance to earn, to have
some of my crypto grow.

Here is a thread about Blockfi > https://bitcointalk.org/index.php?topic=5308457.0

[Republikcoin.com]

If you have a Binance.com account, you can start staking / farming using the features in Launchpool.
Please select a project that is currently available (in progress) when you open Launchpool. This farming event has a limited time duration, so don't miss this opportunity.
For more detailed information, you can start reading the FAQ below

Everything You Need to Know About Binance Launchpool: How to Farm Tokens, Calculate APY & More

[Becky666]

<snip>
With that said, which platform do you use? I'm new to crypto here! My head hurts from deciding which platform should I use to trade/stake/freeze/earn with. <snip>

Well, there are thousands and millions platforms that help you grow your bitcoin holding or others coins if you are ready to take the necessary risk involve in doing so. In my early days i used to be more skeptical with my long term holding which wasn't as profitable as now that the bitcoin price move regularly.

Risk was my greatest fear to take becasue i cherish my coins, but when i started with Binance exchange i discovered that i was just holding back some good reward in the past, but remember, risk is highly involve, so, if you can take the risk then go for Binance exchange to stakes some coins of your choice. 

[Fatunad]

My story with bitcoin is that I bought a little bit back in the old days and now it has flourished, however I've not work on them or invested. I also see people talk about farming/staking which can increase your portofio. Some people told me why do you just sit on your bitcoin, you could actually work them to get extra cash out of them.

With that said, which platform do you use? I'm new to crypto here! My head hurts from deciding which platform should I use to trade/stake/freeze/earn with. There are manyyyy! I've already looked into CakeDefi, Pancakeswap, Uniswap, Demex, RAMPDefi, Binance.com and Aave! all of these and I still don't know which one to choose and why. Can someone help/assist me as to choose which one? and why.

Stick with Binance! Thank me later. lol. I agree with you when it comes to that kind of impression on where there are lots of platform you can choose on but doesnt mean
that it would be hard on choosing the best one or much been preferred by the masses.When it comes to staking then i dont usually recommend this thing but if you do
find out interesting then go ahead and discover on whats its cons or pros but for sure this one will be boring.
Picking one of them will always depend on popularity and reputation of this market.There are lots but only a few who do able to get that peak spot.

[asbani]

Thanks for the replys, most recommended Binance and this is what I did. I already registered and verified my account in binance dot com. I also put a little bit of money ~500$ two days ago just to test it out, I left 200 in the wallet and 300 I have put into something called "Earn" I did not understand it at first but all I did is click on BNB then click Earn > BNB Vault then just press Stake.

Now after two days there's a redeem button and I earned like 0.00001098 BNB which is just $0.006155388 --- This is nothing, I know the money I put at stake is nothing but still, this feels like no good at all, next I am going to try launchpool to see if thats better.

[concept2]

I do not think that asking people for advice on this forum is a good option, unless you are seeking for knowledge. You'd better make researches by yourself because it will not just make your investment worth but  also make yourself beneficial. There are literally many newcomers on this forum and I can guarantee that only a few members here are capable of making knowledgeable advices but the others only want you to blindly invest in their coins

It is up to you. If you are not able to manage your time and learn about altcoins, exchange or swap, staying with bitcoin is never a bad option. Try to make yourself relieved

[Bitcoin_Arena]

I would like you to think in the event things go south. Don't think only about profits.

Why would you want to look up your hard-earned BTC from several years ago in a third party platform just for a few dollars just in the name of DeFi, yield farming or staking? (Honestly the APY's never go beyond 20%)
What if the platform disappears or exit scams? Do you have a plan?

To me, I think the profits you have and will make from Holding bitcoin alone are way much more and less risky than locking your coins in centralized Defi Projects

[isaac_clarke22]

~

What they that "you could actually work them to get extra cash out of them" means they want you to day trade probably.
If you sit or in other words "hold" your Bitcoins, you would still be fine as well if that is your fancy anyway.
When it comes to platform, if you're not sure what to pick just yet, go with Binance first.

[UserU]

Binance is the way to go, but their customer service is pretty subpar. Have to wait for several days before someone replies to my ticket.

And those unfortunate enough to either register recently for P2P would have to apply as a merchant (additional KYC)

[mindrust]

My story with bitcoin is that I bought a little bit back in the old days and now it has flourished, however I've not work on them or invested. I also see people talk about farming/staking which can increase your portofio. Some people told me why do you just sit on your bitcoin, you could actually work them to get extra cash out of them.

With that said, which platform do you use? I'm new to crypto here! My head hurts from deciding which platform should I use to trade/stake/freeze/earn with. There are manyyyy! I've already looked into CakeDefi, Pancakeswap, Uniswap, Demex, RAMPDefi, Binance.com and Aave! all of these and I still don't know which one to choose and why. Can someone help/assist me as to choose which one? and why.

Binance is the biggest platform right now, you may want to try it. Kucoin is also not bad. Stay away from coinbase imo. They lock accounts for no valid reason and their customer support suck, so I've heard. Defi looks cool but you can lose all your coins if you are not cafeul. Historically holding btc makes the best returns. Instead of buying defi products, if you made good amounts, but real stuff like land, real estate etc...

[davis196]

Do you want to start trading cryptocurrencies?
If you are a complete newbie in the crypto world,this would be extremely risky.I don't recommend crypto trading,if you don't have enough knowledge about how to analyze the market,which trading signals to pick and how to behave during a price crash.
Do your own research about all platforms-online reviews,feedback from users,read their terms of service and privacy policy.Nobody is going to spoon feed you and give you valuable information for free.You have to put some effort and decide which platform you want to use.

[maxreish]

Thanks for the replys, most recommended Binance and this is what I did. I already registered and verified my account in binance dot com. I also put a little bit of money ~500$ two days ago just to test it out, I left 200 in the wallet and 300 I have put into something called "Earn" I did not understand it at first but all I did is click on BNB then click Earn > BNB Vault then just press Stake.

Well, you made a good and wise first step, binance is a good and reputable platform. Testing it is aksonyour advantage to learn how yo stake and earn through their platform. Just do some research on which coin is a good coin to stake and worth your money as you will spend time waiting for it to give back the profits.

Now after two days there's a redeem button and I earned like 0.00001098 BNB which is just $0.006155388 --- This is nothing, I know the money I put at stake is nothing but still, this feels like no good at all, next I am going to try launchpool to see if thats better.

Its just two days and you already earn some cents. If you increase your fund and wait for months, its like having a bunch of profits after patiently waiting. Last year Ive tried to invest my btc on a particular site (preferably gambling site), locked for how long you wanted it and if the house wins, all the profits will be divided by all the investors. Ive been on profit that time but pulled that out as I urgently needed the money before.

[slaman29]

Don't stake or farm them.

When you choose to do this, you either have to stake it with a company and trust that they'll keep your BTC safe and return it to you if you ask for it (we all know exchanges won't do that in worse case scenarios).

Or you have to "wrap" it with one other network and use the wrapped tokens to yield farm BUT you have to trust the smart contracts are secure. And I don't trust anything except BTC network.

[xSkylarx]

With that said, which platform do you use? I'm new to crypto here! My head hurts from deciding which platform should I use to trade/stake/freeze/earn with. There are manyyyy! I've already looked into CakeDefi, Pancakeswap, Uniswap, Demex, RAMPDefi, Binance.com and Aave! all of these and I still don't know which one to choose and why. Can someone help/assist me as to choose which one? and why.

I only use binance and kucoin often to trade but I never wanted to try those other platforms you've mentioned like pancakeswap or those Defi platforms. I don't understand how they really work like how you contribute to liquidy pools and what is the meaning of rugpull that I often read. Those 2 platforms are already enough for me to earn a good amount of profit with this current bull season, most coins now are pumping even the low cap that has no actual use-cases.

[Renampun]

My story with bitcoin is that I bought a little bit back in the old days and now it has flourished, however I've not work on them or invested. I also see people talk about farming/staking which can increase your portofio. Some people told me why do you just sit on your bitcoin, you could actually work them to get extra cash out of them.

With that said, which platform do you use? I'm new to crypto here! My head hurts from deciding which platform should I use to trade/stake/freeze/earn with. There are manyyyy! I've already looked into CakeDefi, Pancakeswap, Uniswap, Demex, RAMPDefi, Binance.com and Aave! all of these and I still don't know which one to choose and why. Can someone help/assist me as to choose which one? and why.

The good news is that you can keep hold Bitcoin and make a profit from staking and increasing the price of Bitcoin on Binance...
Binance's reputation is good enough so no one doubts putting Bitcoin there, I did that on Binance too. *DWYOR

[Kamarah]

My story with bitcoin is that I bought a little bit back in the old days and now it has flourished, however I've not work on them or invested. I also see people talk about farming/staking which can increase your portofio. Some people told me why do you just sit on your bitcoin, you could actually work them to get extra cash out of them.

With that said, which platform do you use? I'm new to crypto here! My head hurts from deciding which platform should I use to trade/stake/freeze/earn with. There are manyyyy! I've already looked into CakeDefi, Pancakeswap, Uniswap, Demex, RAMPDefi, Binance.com and Aave! all of these and I still don't know which one to choose and why. Can someone help/assist me as to choose which one? and why.

I am watching your story and congratulations because you have held some Bitcoin for yourself. And it was more uncuplicated that the value of Bitcoin was 2_3 times higher than before. You can earn extra money from the number of Bitcoin you hold. Find out lending Bitcoin. Now you will have a way to make money.

[Twinkledoe]

Some people told me why do you just sit on your bitcoin, you could actually work them to get extra cash out of them.

I'm not against with staking but AFAIK, you need a specific altcoin upon doing that with those defi platforms or exchanges. And I'm good holding my bitcoin with my hardware wallet not compromising its security that if someday those platforms might get hacked.

The most common that I know that's being used by most that are into it is Binance.

Recently, I invested in locked staking in binance in few alts available on that platform. As I realized also that instead of just holding the coin, why not gain something out of it. I won't recommend the alts I invested with because it is really up to the OP how he will gauge which coins to put his money into. Check their list and assess each coin. It will really take time. But in terms of financial investments, I will trust Binance. Don't be tempted in those trading platforms which are offering high ROI, as the chance that they may disappear is high. Stick to reputable platforms.