Do you recommend staking?

[bitsnbits]

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

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[_IRMAN]

You can stake ETH at https://ethereum.org/en/eth2/staking/ and become a validator for ETH 2.0 but you need 32 ETH

[pealr12]

Only if you can be sure that the staking reward is good and you have a good number of the coins/tokens to stake to generate good reward,  otherwise I won't recommend staking because at the end of the day, you will not be happy with what you will receive, more like it benefits the project more than the staker imo.

[Jackl87]

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

Almost every big exchange has staking services for the big coins like Ethereum, polkadot, cosmos for example. You always need to remember that if you want to stake them there you need to send your coins there and with that there is always a risk involved. Exchanges can be hacked and this could potentially lead to a total loss of your coins. The old saying "not your private key, not your coins" is still valid. Like others already mentioned you can also stake on your own but you need at least 32 ETH to be able to run your own node, which is a big amount of money.

[Upgrade00]

I tend to adopt more of a holder strategy so I do not stake.
If you are considering staking you need to do your research on it before making a decision, askband answer questions like;

• Would you prefer to stake on an exchange or the ETH platform?
• What's the lock period when your funds would be unavailable?
• Are there grey areas to be aware of, like taxes etc
• Do you think the value of the coin would have increased or reduced after the lock time?
• Would there be a supply shock?
And a couple more questions...

The decision and risk of an investment rests on you, so do your research and view advice as suggestions. Also, be wary of scams.

[repear7]

Staking is better than holding. If you hold any stackable token/coin for long term. Then it’s better to stake that. Cz, You will get some staking reward from it and you still a holder of that asset.

[Yogee]

...Is there a risk of losing coins and is staking recommended?

There is always a risk when you surrender full control of your money to other platforms. Hacks of centralized platforms like Blockfi could happen anytime. They could refund you if that happens but for how long? Other staking platforms could be exploited too and that has happened already to many so called Yield Farming sites.

[ecnalubma]

Staking is good if you’re into long term hold most particularly to established coins in the market. It also secures your investment and prevents you from not spending it during stressful times because of its terms (lockin period) or depending what terms of coins you are staking.

[Darktongue]

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

Unfortunately, I won't tell you the main reason why I don't like staking features. But I can make an easy calculation for you. From my side, I will prefer staking only 0 percent. Because now the market is in maximum dip, your investment profit will be more than your APR profit. I'm totally against APR features. But you can do your research then your prediction. Hope I clear everything.

[Flowzer]

Is there a risk of losing coins and is staking recommended?

Staking is recommended as long you do it in correct way, the probably way u losing coins is by sending your coins to wrong stake address.
Also, theres some cons about staking coins, its you somehow cant miss opportunity to sell the coin when its pump since your coins are locked for some period.

[marcous]

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?
Thanks!

It seems that this will be difficult for me to explain because I myself have never tried how staking works and is the safest, but if we examine in general, the safest is still in a popular exchange, because the exchange will always look after their users and their good name, so they are not susceptible to being deceived.

[tabas]

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though).

Thanks!

Ethereum to stake? you better not IMHO.

Is there a risk of losing coins and is staking recommended?

Yes, there's a risk but if the exchange will be hacked.

For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

If you're going to stake, you'll leaving it there without holding your keys. Like in Binance staking Ethereum means locking it for a period of time, maybe 2 years. It depends on the exchange because of the BETH.

[JooBra]

The only thing that I would consider stacking would be Cardano. You can get 5% on annually and you can remove coins from pool whenever you like.

[samcrypto]

Staking makes money for you in a passive way but make sure that you always do the math and you know that if you stake, its worth it since some staking are more profitable if you have more holdings and some staking site requires a specific number of holdings before you stake. I’m not familiar with ETH staking though since I only stake few altcoins, you can also search about Apeswap staking, and with regards to risk there’s always a risk.

[Fivestar4everMVP]

Staking sure is very good but it depends on where you are staking them, i personally can not think of anywhere to recommend right now cus am not an active staker, but i will sure tell you to try as much as possible to avoid staking in/on a new project or platform as the risk of loosing your money is always high, at the beginning of this year, i lost over 2 eth i staked on a new project and that thought me a really great lesson,.
So conclusion is that staking is a very good way to force yourself to hodl and also earning some extra reward while doing so, all you have to do is look for a good platform to start your staking business.

[ahmia39]

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

We are staking a lot on Binance, there is a large selection of coins that you can stake in. You can also do ETH2 Staking. Try to learn about ETH2 Staking on ImToken. But I dare not take risks on other platforms. I prefer Binance, it's a trusted platform.

[Cappex]

Locking in your ethereum for a long-term income is a great strategy, however this will prevent you from selling in case the prices fluctuate a lot and trading in this could be more profitable.

[Meta anggraini]

Locking in your ethereum for a long-term income is a great strategy, however this will prevent you from selling in case the prices fluctuate a lot and trading in this could be more profitable.

Isnt Ethereum stacking for ETH 2.0 didnt have withdrawal feature yet? So you cant withdraw it until Ethereum provide the Withdraw function, its could be very risky.

[Jaered]

Staking is a wonderful method of hodling after liquidity mining and yield farming. Instead of just keeping your asset to your wallet, why not keep it somewhere where it can give passive income. The only problem is finding the right platform to do it

[examplens]

If you plan to hold any POS coin/token, of course, it worth staking it. but you have to research well what that coin will be.
I remember a big hype when masternode coins started, many of them promise a big future but now just a few of them still worth holding and staking. As everywhere, the wrong investment is always the wrong one.

don't be your guide only the highest APR. often it is unfounded and inflation eats up all your profits from staking.
You can pay attention to cex.io exchange, https://earn.cex.io/staking they offering to stake some stable coins, but the great thing is that you can sell/withdraw funds whenever you want and don't need to wait for a locking period.