Do you recommend staking?

[CryptoG99]

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!

Yes I recommend staking. Especially if you hold ur coins so you can earn passively at all times.

If you're going to stake you should check out Divi Project, absolute beast at it.

Staking coins is a must if you are holding. DIVI does a great job at it from what I can see.

[1714618013]

1714618013

[1714618013]

1714618013

[1714618013]

1714618013

[1714618013]

1714618013

[1714618013]

1714618013

[Johnyz]

You have to understand how staking works, know the dates and the rates before you connect your wallet and make sure that you are dealing on a good project before staking. With regards to ETH, You can stake that but I doubt its worth it for a small time hodlers, better to have other options like new project that offers good rates on staking.

[lionheart78]

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!

There is always a risk when you don't hold your coin and left it on a third-party platform to stake.  There is always a possibility of an exit scam no matter how legit their service is.  But if they are trustworthy then it is a good thing to stake and earn than letting your ETH sit idle in your wallet.  Remember always research and verify the legitimacy of the site.

[Kelvinid]

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!

As I search into BlockFi.com and check their review, well, I found it is okay and legit (not 100% sure as we know reviews can be manipulated)
https://observer.com/2021/03/blockfi-review-does-blockfi-work-is-it-legit-or-too-risky/

Anyway, staking has had an advantage for those who just hold as they can make some good interest from doing this. However, we have to choose the trusted site where we are can sleep without worrying if our money were just gone one day as they scam you.

[cabron]

Most projects don't need a 3rd party for staking, the team themselves has the wallet where holders can stake their coins. In the case of ETH, however, I'm not sure because its the exchanges the offers staking. Staking is good when you have no desire to sell the investment you have for the token because you trust the project to succeed. There had been many trusted projects in the past like the WAVES, LISK and NEO which are profitable for holders. These days the popular ones are ADA, VET and DOT.

[Coin-1]

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?

While I believe trading is better than staking, I recommend participating in Ethereum staking programs conducted on legitimate centralized exchanges or similar platforms. But in any case, it is risky because the entity can go bankrupt or be hacked. By the way, I heard that the mentioned BlockFi service recently sent a large amount of bitcoins to their customers by mistake, and their lawyers are now demanding reimbursement from them in court.

I also know that many traders stake their ETH and tokens on the Uniswap decentralized exchange. New projects often launch very attractive staking campaigns with a high APY interest, but you need to be confident in teams that promise such the alluring prospects. Sometimes the price of their token drops sharply in a short period of time. Hence, you should always be careful when staking your Ethereum.

[inanilujimi]

I recommend staking on the Binance exchange because they are proven to pay, not only ETH there are many top altcoins that you can stake there including USDT with a fairly large APR. depending on how long you staking.

[MadeMen]

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

How many persons can comfortably afford to stake 32 ethereum. That's a huge sum, I believe there should be a modality in place that gives persons with lesser amount the opportunity to stake. Maybe a group of people could be given an opportunity to share a node. In fact maintaining a node requires a great deal of effort as there are some tasks that need to done regularly.

[LogitechMouse]

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!

Staking BlockFi seems to not have that high risk compare to other staking platforms since many are using it but still, once you put your money there they have a complete control of it. Will they make an exit scam?? I don't think so.

Staking in Ethereum needs a whopping 32 ETH which not all investors can't afford. You have 2 choices, either join a staking pool and stake there which has a high risk and another one is to stake in platforms like BlockFi, Celsius and Crypto.com.  Staking there isn't the safest but not the riskiest at all.
Now staking in general and will you recommend it. If you are a fan of dividend investing then this might be for you. If you want to hold coins for long term then you might pick some staking coins. Maybe there are some who don't want it but I like it and I will recommend it. I'm currently holding some staking coins right now and earning passive income daily or sometimes weekly.

There are many staking platforms out there. Just pick a coin on for example Binance, buy it and stake it there if you want. Make a research first before staking because there are some who has a downside like for instance Ethereum where if you want to stake you need to lock-up your ETH for 2 years :X.

[southerngentuk]

While it looks good but considering the risks of staking, I have also personally staked a small amount of my assets on your platform mentioned from an earlier period when the market was this market has not received much attention. However, at this stage, I don't think it is very effective, but it also depends on the point of view and your property want to use for it.

[Xxmodded]

I dislike with staking with little ROI giving almost staking coin, better choose and trade your assets for buying and selling potential coins like LTC, BNB and many potential other coin have good for long or short term trading. Staking only with potential coin is worth but have value ROI giving like BNB or TKO coin, but very risk when price going dump.

[enawati]

Staking is good way to earn pasif income with less risk.  The risk of staking is the high volatility of the crypto asset and we can avoid it by staking of stable coin. Many investor who dont have any skill of trading, prefer to invest their crypto asset by staking. For staker who do want to stake the assets in long term, for the better choose decentralize platform so we have full control with our fund. To staking ETH , my suggestion to stake it on DEX like waves,exchange that offer above 7% annual yield. In this platform also available staking of others coin, like BTC, WAVES, USDT, USDC and other products.

[tvplus006]

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

For those who do not have 32 ETH on their balance, Binance has prepared a similar program for staking https://www.binance.com/en/eth2 But we must remember that the more ethereum is used in staking, the lower the APY. But I am repelled from such staking by the lack of an opportunity to sell coins at high and buy at a low price.

[Ucy]

I typically see staking (not consensus based Staking like PoS) as an investment to support a Decentralized network, except they pay you interest that isn't guaranteed to be profitable... it's more like holding long-term Bitcoin World.
 It's good idea to stake on decentralized/secure networks long-term, Or you could aswell buy a more secure deflationary cryptocurrency longterm and hold the crypto securely to benefit from its long-term price increase.

[bittick]

in my opinion staking is definitely recommended but only if you know what exactly you're doing, the chance of losing your coin is always there as I heard smart contract breach could allow any malicious person from stealing your money but it happens very rarely since most of the code usually audited first not to mention it's defi we're talking about.
But, you must also remember that staking isn't just waiting for it to give you the promised APR, many thing could happen betweet the period of your staking moreover if it's locked it could pose some danger of missing opportunity, so you need to take into account all the possibility that could occur within your period of staking however I always recommend a reputable staking platform.

[Ararbermas]

I dont have experience in staking but for me its seems good than holding on your own portfolio in my personal opinion. because on that way you cannot make an exit because of panicking especially when there's a massive decline in the market, wherein its safe probably and no matter what happen you still have rewards at the end of the day after the staking..  Actually every exchanges has this stuff maybe only through trusted exchanges is good way to choose some of this.

[kojektea]

You can try farming Sfund. Currently there is still a little farming, and the project is quite good for the long term. These days they talk of being listed on a tier 1 exchange. It's very interesting.

[Mauser]

I am a fan of staking, its a great way to earn with crypto trading if we don't have the time to do our own research and need to rely on others. The first experience I got with staking was in university when a friend of mine started with future trading. You needed to have a certain amount of money as security before you could start trading, so 4 friends of mine pooled money and we staked him. I'm general I think staking is good, but at the moment we have very volatile days in the crypto market. The risk of losing money is higher at the moment.

[jrrsparkles]

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!

If you are a long term ethereum holder and wants to keep increase your holdings while doing that then you can choose staking and blockifi can be one if the good place to stake but the USD value of your crypto assets might fall at the time of staking period so your portfolio value as well, so after a year even you multiplied your holding by 10% you maybe left with huge loss interms of fiat.

[imstillthebest]

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!

remember that anything that looks so good can be not trusted .
if i were you i will stake only on staking platforms with fair returns and not too much because its better to earn small than not earning and end up getting scammed but you will still need to perform a research before using them just to be sure .
there is a risk in any investment including staking and its not recomended in my opinion if your already trading or investing