Do you recommend staking?

[senyorito123]

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.

Staking is highly recommended if you choose a long term holding because it is one way of making your holdings increase much more. But before joining such staking, better understand and be knowledgeable enough in every steps that needs to pass before gaining the profit you are aiming. This can make you confident in everything you do.

[1715125213]

1715125213

[1715125213]

1715125213

[1715125213]

1715125213

[1715125213]

1715125213

[1715125213]

1715125213

[Pamadar]

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

Better indeed, those projects who offer alluring returned needs to assess more deeper,

there are many staking coins to pick, sort it  out by performing deep research. There are some that's really giving decent returned while most give small amount but due to continuous development such small amount can turned to decent value, do your deeper analysis before you place your money into project that you think will give you nice returned.

[virasisog]

It depends, if you are holding your ethereum long term then you better stake it. If not you betger stay away of it since you will be required to lock your funds for a long time.

[ipanks]

Staking can be another way for people who want to make money in the long term, but they need to have patients wait for the result or increase the high price. You can use many coins to staking and earn reward daily, weekly, or monthly, but you should select only the coin that has the potential to increase. Besides that, you should calculate your money that you want to use for staking and not use too big money to staking the coins.

[Woodie]

Staking is good if you believe a coins value will go up, and if you are also a holder this is an opportunity to grow the quantity of coins you have not only in terms of value, so basically this a having 2 for the price of 1.

But imo try find a different coin to stake than eth

[btcltcdigger]

Plenty of risk.
Ideally, you want to stake on your own wallet/pc. If you stake by sending your coin somewhere, there's always a chance you'll lose it, either by manipulation or hack.
This also goes for smart contracts, as history has shown they are not ideal

[Republikcoin.com]

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

If you have less than 32 ETH in your bag, you can use the staking pool service. But still be careful and smart in choosing a trusted pool, because this does not guarantee 100% security.
You can start staking and participate in supporting the launch of ETH 2.0 and get profit periodically by staking ETH here (for those who have less than 32 ETH): https://beaconcha.in/stakingServices

The site is a direct Ethereum recommendation, which is if you go to the page : https://ethereum.org/en/eth2/staking/#stake , and click on the See staking services link

[Charlene777]

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.

Is Binance pooling users ETH together to come up with 32 ETH batches and then setting up validators for them? Is this how it works?


What cut is Binance taking from the gains?

We will redistribute 100% of all on-chain rewards to our users.

If they return 100%, what benefit does Binance get from this?

The on-chain staking income will be distributed in the form of BETH to your Spot account on a daily basis.

Additionally, you can get the rewards immediately rather than waiting the ~2 years that are required if you stake directly with ethereum.org.

I don't understand how this can be good for Binance. What is the catch?

[Charlene777]

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

If you have less than 32 ETH in your bag, you can use the staking pool service. But still be careful and smart in choosing a trusted pool, because this does not guarantee 100% security.
You can start staking and participate in supporting the launch of ETH 2.0 and get profit periodically by staking ETH here (for those who have less than 32 ETH): https://beaconcha.in/stakingServices

The site is a direct Ethereum recommendation, which is if you go to the page : https://ethereum.org/en/eth2/staking/#stake , and click on the See staking services link

I've read some of the material and I don't quite understand on what basis the ETH stake is returned. Is it a smart contract that determines when/to what address the ETH stake is paid or does the Ethereum organization decide when to release all the stakes?
Who controls the ETH addresses that my stake would be sent to?
Finally, is setting up a "validator" too difficult for a computer idiot like myself?

[travwill]

Personally, I can recommend stacking as a great tool for holders. Your coins don't just sit in your wallet, they bring you even more coins.
Compared to trading, this is a wonderful form of earnings that reduces your risks to some extent, because the more holders, the less likely the price will fall.

[Dread Pirate Roberts]

Its good if choosing the right coin. just holding coin and get free money how its not good right ? but there is always risk behind staking coin. like decrease value coin itself or overpriced the masternode. most of them staking its for long term investment.

[Charlene777]

Personally, I can recommend stacking as a great tool for holders. Your coins don't just sit in your wallet, they bring you even more coins.
Compared to trading, this is a wonderful form of earnings that reduces your risks to some extent, because the more holders, the less likely the price will fall.

Hello, can you explain why there is overall value to staking? I give you my cryptocurrency to hold, you do something of value with it, enabling you to pay out an interest to me. What is it that you can do with it that makes this thing sensible?

[finaleshot2016]

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!

Go for staking if...

You have a lot of coins to guarantee a good amount of profit per month because if you're only staking a small number of coins, it's better to be a swing trader or futures trader with correct entries to gain profit. However, if you have a large amount of ETH, I believe it will be worthwhile because ETH is a potential altcoin. It's fine to go staking as long as you're investing in an altcoin that has a good use and is expected to grow significantly in the coming days.

[cabron]

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!

Go for staking if...

You have a lot of coins to guarantee a good amount of profit per month because if you're only staking a small number of coins, it's better to be a swing trader or futures trader with correct entries to gain profit. However, if you have a large amount of ETH, I believe it will be worthwhile because ETH is a potential altcoin. It's fine to go staking as long as you're investing in an altcoin that has a good use and is expected to grow significantly in the coming days.

Blockfi is good. Its a lending platform so there should be a risk there. I have no idea how risky but there are influencers out there who promoted blockfi openly and have recommended it to the public. If one day they gonna make another mistake for sending BTC instead of GUSD the better.

Many exchanges today activated themselves to allow users to stake ETH on them. There should be little risk if you do it on exchanges, its however going to be a massive loss if times come the bear market.

[KaliLinux]

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.

This is true, I would prefer that too than just hodling those Token/Coin I could get additions for by staking but as someone has already mentioned, It is the risk that is involved in staking in some of these sites/exchanges that we should also take into account. 

[Zilon]

Outside having the exchange hacked it's more profitable to stake your coin since it's not necessarily been traded on any exchange. 10% ROI is not really a bad ratio considering that you only staked your coin on the given exchange. For me outside the risk of been hacked it's a good take for investors. But as regards safety I would recommend you hodl but since life generally involves risk and the ROI is what the stake its worth giving a try

[paxmao]

I do not recommend staking on anything that has not a long lasting record of real use for the network, since staking is just about getting rewarded for the safety of a network and that only makes sense if the network has sufficient transactions to  make it even worth being secured. Many people are confused with words such as "dividends" or "returns" but the truth is that value cannot be generated without user willing to use the underlying network. How many use cases are already in place for the network of your choice? Probably none.

[SacriFries11]

Its good if choosing the right coin. just holding coin and get free money how its not good right ? but there is always risk behind staking coin. like decrease value coin itself or overpriced the masternode. most of them staking its for long term investment.

Yes, I agree. there are some coins that have high APR but they don't have good value in long-term holdings. There are so many farming platforms that offer a huge percent of gain by staking/farming but I just recommend with some legit staking platform like pancakeswap and binance staking platform. Binance also have BNB vault that have good staking percentage. You can also stake in Injective Protocol and pantherswap.

[harapan]

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!

I do recommend staking because it's a good way to earn some more coins while holding your original bag, it's just like getting paid for holding a coin, staking isn't risky as far as you stake with a verified Validator, but if you have up to 32 eth you can become a Validator and stake your Ethereum here before Ethereum 2.0, I'm not sure about the reward you will get though, but you can try it out.

[MauJohn21]

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.

The following article can help you in the criteria you need for the decision you want to make: https://diviproject.org/blog/is-cryptocurrency-staking-profitable
The Divi project is pretty solid and straightforward, so it's worth considering. I anticipate that in the article you will find comparisons with some cryptocurrencies.