shasif (OP)
Newbie
Offline
Activity: 6
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 10:46:04 AM |
|
Do you guys ever hear about holding bitcoin in staking platform?
If yes, can you give any advice to stake bitcoin on staking platform?
I've been asking for many times about it, but I need proof experience of you. Please share below!
|
|
|
|
Obito
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 10:49:38 AM |
|
If the project is promising and has a potential then staking is the better option because you are hodling their tokens while at the same time earning out of it, but if in general hodling is the best strategy although the profit you will get out of it is what you are currently hodling.
|
|
|
|
dkbit98
Legendary
Offline
Activity: 2338
Merit: 7383
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 12:20:37 PM |
|
There is no staking for Bitcoin, and using any centralized services like bitgo is custodial service that can earn small interest but you are giving away ownership of your coins, you need to trust some third party service to keep your coins safe, then you need to pass some kyc verification, send your documentation and gave up your privacy after you link your address with your identity. Holding is much less risky and history showed that it pays off if you do it correctly with some cold storage or hardware wallet.
|
|
|
|
hugeblack
Legendary
Offline
Activity: 2618
Merit: 3847
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 12:56:16 PM |
|
Bitcoin is POW not POS and since the protocol does not support staking this means that you are using a central service that holds Bitcoin or an investment in return for giving you a monthly or annual return. It is extremely dangerous because you need to trust a third party to manage your private key. Therefore, if you want to get decentralized staking you must exchange your bitcoin to good POS coin.
|
|
|
|
UserU
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 01:01:20 PM |
|
Just like what dkbit98 mentioned, OP probably meant parking Bitcoin in some interest/ custodial account or the exchange versus the traditional cold wallet.
For the interest part, try to avoid exchange as they are a prime target compared to other custodial wallets which are at least insured and less likely to be attacked.
Just remember that either are not foolproof (exclude the cold wallet).
|
. .500 CASINO.██ | ▄▀ | ▄
▄ | | . THE HOTTEST CRYPTO CASINO & SPORTSBOOK | | ▄▄▄████████████ ▄▄▄███████████████████ ▐█████████████████████ █████████████████████ ▐███████████████████ ▐███████████████████ ███████████████████ ██████▀█████▀██████ ▐████████▀█████████ ▐███████████████████ ███████████████████ ▐███████████████████ ▀██████▀▀▀▀▀▀ ▀▀▀█ | | █▄▄▄██████████▄▄▄ ███████████▀██▀▀██▄▄ ███████████████████▄ █████████████████████ ████▄████▄███████▄███ █████████████████████ ████▀████▀███████▀███ █████████████████████ ███████████████████▀ ███████████▄██▄▄██▀▀ ▀▀▀██████████▀▀▀ | | ► ORIGINALS
► SLOTS | | ► LIVE GAMES
► SPORTSBOOK | ▄
▄
| ▀▄ | . ██..PLAY NOW.. |
|
|
|
Kelvinid
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2828
Merit: 344
win lambo...
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 01:52:14 PM |
|
Do you guys ever hear about holding bitcoin in staking platform?
If yes, can you give any advice to stake bitcoin on staking platform?
I've been asking for many times about it, but I need proof experience of you. Please share below!
Do you mean that you deposit your Bitcoin to a certain platform and let the owner of that particular platform controls your Bitcoin, and then they will give you a certain interest for it? To be honest, I don't hear anything like that. Or maybe, no one could afford to store their Bitcoin and let someone controls it. It finds riskier than trading and that also prone to an inside job. If that you will be asked again, better to tell them straight that it was not a good idea and that is not advisable.
|
|
|
|
Ibrahim60
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1176
Merit: 100
The OGz Club
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 02:03:36 PM |
|
Do you guys ever hear about holding bitcoin in staking platform?
Bitcoin is not a staking platform. If you hold bitcoin in any wallet then you can't get profit via staking. But if you invest or hold your Bitcoin in such wallet there the wallet authority ensure about staking. Then you can get profit. But in my eyes i think there is no such kind of wallet. If you find any then never trust them easily. Do research and then take decision. But i see a staking platform where you get bitcoin by staking there coin. You need to hold their coin for this. Here is the website link: betfury.io
|
|
|
|
Tomiwa_akin
Jr. Member
Offline
Activity: 78
Merit: 1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 02:28:26 PM |
|
for bitcoin , there is no staking possibility because its not programmed for it. any platform offering staking means you will hand over your coin to them and you earn as well but you dont have control over your coins. the platform can do what they like if its trusted or have bad intentions. i would rather hold my bitcoin to be on a safer side.
|
|
|
|
int03h
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 02:42:55 PM |
|
In essence, staking is also a form of hold, but with an additional profit. Hold will simply be kept in the wallet and make no profit at all. The risk of hold is the project stops growing and the value of the crypto you hold will decrease in value or lose value. Taking the risk of taking as well as holding the project is stopping development, there is an additional risk of the staking protocol's fault that you could lose your money you spend.
|
|
|
|
DarkDays
Legendary
Offline
Activity: 2030
Merit: 1189
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 02:49:53 PM |
|
Do you guys ever hear about holding bitcoin in staking platform?
If yes, can you give any advice to stake bitcoin on staking platform?
I've been asking for many times about it, but I need proof experience of you. Please share below!
You can stake any of your crypto to gain more crypto. I don't so much do staking itself much but depending on the platform, in my case Binance I lock my funds for the interest rate. It is not a huge amount but for long-term holding it works out fine. You'll have to go to Binance Earn section to select your options.
|
|
|
|
AicecreaME
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 03:11:52 PM |
|
Obviously staking is good because you get a little interest from a certain period of time while you do nothing, just waiting, in hodling, you'll just let your Bitcoin sleep in your wallet doing nothing at all. The only disadvantage I see in staking is if they would lock your deposit from a certain period of time before you could withdraw it (correct me if I'm wrong) and if you need the money, there's nothing you can do about it but to borrow money from your friend.
|
|
|
|
wack slacker
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 03:16:53 PM |
|
Staking your Bitcoin on Binance will be safe as this is a good, reputable exchange for many years. The biggest risk is either Binance being hacked and robbed of all their money or Binance scams. Hold Bitcoin will not be as profitable as staking but will ensure your Bitcoin is always under your control.
|
|
|
|
Swordsoffreedom
Legendary
Offline
Activity: 2870
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 03:19:30 PM |
|
In fact, staking is not safe. In the case of staking, the user does not have control over the coin in the wallet. For this reason, staking coin is less secured. I would never prefer staking Bitcoin if anyone wanted to invest for the long term. Bitcoin Hodling is much safer and more profitable when it comes to security. Hodling may not increase the quantity of your coin but you will benefit as the price of Bitcoin continues to rise.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
dikistutmazsabri
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 279
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 03:47:36 PM |
|
It depends on how much money you want to make and how much time you want to make a profit. It varies according to the purpose of the person.
|
|
|
|
johnwest
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 03:49:17 PM |
|
As everyone said, it is not suggested or safe to give ownership of your coins to anyone else. But now we live in a time where people have to use centralized exchanges in order to trade and store their assets. Binance gives 1.2% APY for staking your BTC, and if you want you can stake other cryptos for better returns. If you are really into staking then I would suggest you to buy coins like WAVES or SWTH where you have to delegate the coins from your own address and get the rewards.
|
|
|
|
ILuckyGuyI
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 03:53:17 PM |
|
I personally use Binance exchange for staking. I don't prefer DeFi staking as the projects in there have a high risk and they aren't under the control and safety of Binance. It is just showcasing them there. I prefer staking on the projects which are in the Launchpad section. Anyway, staking is a good thing as you can make a really good profit depending on the quality of a project. But each of these projects doesn't exist for a very long time. And you can't claim too many rewards as long as you don't stake a good amount of money on it. For this reason, I see buying Bitcoin (e.g.) and HODLing it as being much more profitable in the long run.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
acener
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 04:06:12 PM |
|
I thought that there is no staking for Bitcoin since it is a POW not POS, But thanks to this thread now I know that we could stake any crypto through Binance, And I think it is great since Binance is one of the most trusted exchange right now, If you just plan on holding it for a long term then it would be better to earn while holding it through Staking.
|
|
|
|
taufik123
Legendary
Offline
Activity: 2632
Merit: 1806
Rollbit.com | Crypto Futures
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 04:07:17 PM |
|
The HODL strategy is always an option, but it requires a lot of patience to get bigger profits.
Staking can also generate 2 benefits. Staking will reward you in the form of coins that you staked within a specified time frame. But you have to be careful choosing a staking platform. Currently, many staking platforms have sprung up, especially on the Binance Smart chain staking platform. Staking can be done easily using BNB coins or other BSC coins.
The more capital you have, the more profit you will generate.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
BitcoinPanther
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 05:38:11 PM |
|
Do you guys ever hear about holding bitcoin in staking platform?
If yes, can you give any advice to stake bitcoin on staking platform?
I've been asking for many times about it, but I need proof experience of you. Please share below!
Staking is always better than just plain holding but the risk involve is much greater since you are not holding your BTC but rather the third party staking platform. You must verify first how legit is that staking platform service. Check whether there is no possibility for that platform to exit scam their client. See if the BTC isn't lock for certain period of time (option to withdraw your staking BTC anytime is the best one). I have tried the service of Yobit for BTC staking (something they called investbox but I wouldn't recommend that you invest on it) and it really gives a nice return.
|
|
|
|
ninkdwi
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 364
Merit: 14
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2021, 05:54:39 PM |
|
risking bitcoin for other altcoins? isn't that too much. although it looks comparable to what it gets. but I will choose to store Bitcoin. because as far as I'm concerned, haven't found an exchange that runs Bitcoin betting. maybe for those of you who feel you can share with me.
|
|
|
|
|