Do you recommend staking?

[pawanjain]

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 is a very good way of earning passive income. But I recommend staking only with the official platforms and not with exchanges.
Exchanges can get hacked anytime and depositing a large amount there for staking is definitely risky.

So it's upon you. If you decide to stake a coin then make sure you are staking it through official platforms.
You can choose a coin whose staking requirements are low and yet gives out better returns and then use it's official platform for staking.

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[KevinBakor]

Stake ETH at https://ethereum.org/en/eth2/staking/

[kram31]

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 think this is depend on the platform they are going to use dude, because staking for now is very timely if we use the platform of BSC,
this was based on my observation now in which I think its helpful while the market is down were most of the coins too are too cheap to buy them.
One of the good APR now is Garuda, and more of course and SALT in my own opinion.

[Charlene777]

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.

Yes, this is what I am trying to get out. Most of the posts in this thread seem like brainless pyramid feeders/suckers.
What is the value that the holder of your coins gains that allows them to pay you out a "dividend?"

The holder is not a company, that your purchase ownership, which produces profits, e.g. stocks.
The holder is not a bank that can loan out your money for a higher return and give you a cut, e.g.fixed term deposit accounts.

I can see how it could work in a network like Cardano that uses proof of stake. Holders of Cardano get a share of new blocks mined and a cut of fees. It's like owning shares of a company. Is this correct?
 
But in general, where is the theoretical value created?

[BitTraderCute]

unfortunately i am not staking fan. iam prefer use my asset for short time to accumulate my coins. staking give us around less than 30% in a year. and for me its bigger in daily medium trading term. and also i could prevent for losing value while market dump. for conservative investors maybe its suitable for them.

[TokenForUs]

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 am people who againts staking offchain. The staking at first made by Darkcoin  ( Now Dash )team to secure the network and not like banking when you deposit money to lend it. Every entity in crypto world offer you with centralised staking or off chain staking can damage crypto it self. Remember bitconnect ? Bitconnect also offer people to do that and they judged as ponzi.

[el kaka22]

Honestly I believe staking is the future of the crypto world, I believe everything will be staking in the future. Obviously speaking we are not going to have it today but it is going to happen very quickly and it is going to happen in the future. Look at even ETH they are moving to staking right now. This is why I think there is a good chance that even bitcoin may turn to staking in the long distant future when it is perfected, of course it will require a lot of tech improvements on staking but it may happen, we moved to segwit so why not move to staking as well that may happen.

There are tons of staking chances in the erc20 and bsc world right now that gives you a lot of money and I think that will be the case for a very long time, defi world change the staking word a lot and made it into something that everyone could want and can profit from.

[sujonali1819]

It’s depend on which coin actually you want, where you want to do that, and You are a long term holder or not.

So if anybodh want to stake the coins somewhere, check how much trusted the site and what is the reward %. If the rate is good then you should keep them in staking. Otherwise holding crypto always better to hold in own wallet.

[judaspriest]

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!

For the risk of losing coins I don't think it will happen if you use the right platform,
such as Binance or other big exchanges, yes Coinbase, does Ethereum staking have not a large reward,
if it is said to be worth it? Of course it's still worth it, because Ethereum has strong fundamentals and you can hold it long term.

[criket]

it is a variant and depends on the price of the coin, if the coin is stable and does not experience very high fluctuations such as top 20 cmc will get a smaller APR, in contrast to new coins which can offer apr up to more than 1000% but the risk is also greater, of course most people would prefer the safe option.

for the long term, I think what you mentioned is good for choosing top assets that are more interested.
but for people who are ready to risk choosing a new platform with new assets usually gives a good return.
I am interested in Apeswap and Rushmoon. I haven't put my money in yet but they look great as an eye-catching upcoming platform.

[ethereumhunter]

I can only suggest you staking on Binance and use some of the coins for staking. If you have BNB on that exchange, you can easily earn some reward from new coins/tokens, but that will depend on how many BNB you have. So maybe I can recommend you to stake, but only on Binance because I do not know how big the other platforms can reward you. Staking is one way to earn a reward, but it needs some time before you can earn nice rewards, so you need to be patient to wait for that.

[sedahan13]

Total of staking market cap currently up to $600 billion, this number is very high and the trend of staking continue soared. This number also about 1/3 from the total of crypto market cap.  More people prefer to invest by staking crypto because of higher interest rate than interest of traditional bank. To maximize return of staking, choose the coins with strong team and community to avoid decrease value of the coin and keep learning about the trend of market.

[Masyudhi]

Total of staking market cap currently up to $600 billion, this number is very high and the trend of staking continue soared. This number also about 1/3 from the total of crypto market cap.  More people prefer to invest by staking crypto because of higher interest rate than interest of traditional bank. To maximize return of staking, choose the coins with strong team and community to avoid decrease value of the coin and keep learning about the trend of market.

Nowadays more people think staking will lead to better profits. especially when the market is in a downturn.
I also heard that UniSwap is also re-opening their staking program. because maybe more and more exchange platforms are implementing staking.

[Pamadar]

it is a variant and depends on the price of the coin, if the coin is stable and does not experience very high fluctuations such as top 20 cmc will get a smaller APR, in contrast to new coins which can offer apr up to more than 1000% but the risk is also greater, of course most people would prefer the safe option.

for the long term, I think what you mentioned is good for choosing top assets that are more interested.
but for people who are ready to risk choosing a new platform with new assets usually gives a good return.
I am interested in Apeswap and Rushmoon. I haven't put my money in yet but they look great as an eye-catching upcoming platform.

People who loves to explore and knows how to handle risk are those who managed to earned decent.

tough decision to take if you are unsure with how this kind of business works, you need to work with developers who shows good

developments and continuous progress both new and old platforms will work as long as you'll do your research and never to fall from
projects that mostly created for quick pump and dump.

[Ucy]

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.

Ofcourse.
It's actually a bad idea to buy and stake, esp longterm, a cryptocurrency that isn't:
1. Well decentralized,
2. Consensus-driven,
3. Based on fair rules that can't easily be changed without stakeholders permission,
4. Censorship resistant,
5. trustless/permissionless,
6. privacy-friendly/anonymity-friendly,
7. Immutable
8. secure,
9. very useful
etc

It's a gamble/big-risk to stake lots of coins that aren't safe/well-decentralized , or with coin/platform controlled by people who can easily breach the social contract between them and participants.

[DeathAngel]

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!

Lots of people will tell you that BlockFi is safe & your money is safe but it’s not 100% safe when you don’t control access to your own coins. If an outside source has any control over your money then there is a risk of a hack or a rogue employee theft etc. Don’t do it!

[Ghondronk]

There are reliable places where you can stake your unused assets. If you think that you may get a better value for the assets you own after a certain period of time, then the best thing to do is staking. It will not only help you to hodl your coins, but also give you an interest payment during the staking period.

[deathcode]

there are already many platforms that create crypto-asset staking programs. I saw that UniSwap and some personal wallet platforms like trust wallet also collaborate with exchanges that support staking. now there are so many to choose from where we can put our money. even new exchanges also support staking.

[fahmimajannat]

Its haram for all Muslim.
So muslim brothers anrld sisters stay away from it.
If YOU are a non muslim its a decent source of income for you though its no permissible in islam....
So..

[Almasani]

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!

The APR for staking is almost the same on all platforms. If you look at a platform that is making a high APR. You will have to relearn about the platform because there is a possibility of scams.
To recommendations, I prefer trading over staking. We must be prepared for all risks when investing in crypto.