Do you recommend staking?

[Asuspawer09]

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 also have some Ethereum in my BlockFi account and I think it is worth investing in this staking because you could easily earn a  good amount of interest like for example a big percentage like around 10% is actually pretty good as an interest rate.

Through the years of your investment, if you don't are not planning to cash out your investment or your really planning to invest for a long-term investment like looking for around 2-5years from now, it is totally gonna be worth it.

You could just imagine an Ethereum that could 10k$ or more and your Ethereum also increases its volume because of the interest so it's an easy profit actually. But it actually has a big risk since its usually most of this investment is centralized so your account could just lock or maybe after 5 years the website will be closed or the coompany.

[livingfree]

of course staking is highly recommended, because it is very suitable if you want to make long-term investments, instead of just holding coins, you should do staking, because it is more profitable, but don't staking if you want short-term investments.

He wants to stake his Ethereum and there's no wallet that supports it yet but only those exchanges.

And that's a big red flag if you're wanting to stake on an exchange instead to a wallet which you can hold your coins. I agree that if you're targeting long term gains.

Staking is a good option but not too rewarding but you get a profit from doing it just as you hold.

[Jocuserious]

There are lot of big project has great program like staking with profitable for everyone. You should be wait very long time for getting staking rewards so ask yourself first what would be best think. Otherwise i won't recommend you without details your target. Anyway staking program more safety for old big project so you can avoid new project right now even if you have less knowledge

[blackened515]

Staking is recommended as long as the APR is a good one and can surely give you high rewards in return., The factors that's needed before staking is checking if the site is of good and secure place to keep your money for long time, to me staking eth does not have a good and high APR, you can only recieve good and comfortable rewards if you can be able to stake higher quantity of eth.

In this period of time, decentralized exchange gives higher APR, why not consider them, I am currently staking my BANANA coin on apeswap finance which is giving me big rewards, why can't you.

[Dread Pirate Roberts]

Staking is recommended as long as the APR is a good one and can surely give you high rewards in return.,

Ofcourse people want get high returns . but its must be reasonable value and had clear statement how the coin staked. example for  putting $10k into exchange for a year and just hoping get interest from it there is quite frustateing 1 year its quite long time. the option for this are im preferred buying masternode instead staking . rest of your statement im agree with it.

[kevinzxz]

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 recommend you to staking Ethereum if you really want to invest in Ethereum for the long term, because by staking you can get passive income and I suggest you to staking Ethereum on Binance exchange, because Binance exchange is one of the largest exchanges at the moment, so of course it's very safe and APY on Binance exchange is up to 20%, therefore I recommend you to staking Ethereum on Binance exchange, because your Ethereum will be safe and you will get passive income from staking Ethereum on Binance exchange (has a high APY).

[lalabotax]

I ever did staking several months ago and I only got very small rewards. Theproblmeis that I didn't analyze at first the rewards that I can get in one month. You know, you must consider whether it will be more profitable to stake your coin or trade it in the market so that you can get more and more profits. And about staking on Ethereum platform, ensure that the platform is reputable and trusted, never trapped on the scam.

[Gayong88]

Previously, I saw that there were still many who had not used the excellent features offered by a platform such as staking and others, and now many people have tried it as you said. This means that we don't only focus on Capital gain but occasionally feel the power of passive income through staking, launch pool, launchpad, and maybe a few more features later. Using Etheruem it can also be done and the amount is in accordance with the terms and conditions.

You can also try it with BNB, for example, if you have BNB and you are staking the value will increase to 11 BNB at the end of the year, and if you continue the calculation will increase again.

[v3liana]

As far i know the safest staking site only on binance but i don't think they can give you big interest from staking ETH. They will pay your interest dailly, if you want to stop ur staking then only your interest will gone.

[7deadlyBTCIN]

Staking is an easy way of getting passive income without the need of any extra equipments but the bad side of staking are

1. You are entrusting your money to centralised exchanges which can become a victim of hack someday
2. You need thousands of dollars worth of coins or tokens in staking to earn something reasonable every month or two weeks

[fvb]

Bets do so at your own risk. And yes, you need a good amount of investment to get a decent percentage. Nowadays, many exchanges are staking on their exchange tokens. I made investments in some, I think it's a normal option.

[nicedreams]

If you aren't very confident in yourself about trading or not really a day trader, then staking is the next good option for earning in crypto. There is always a catch in staking tho, that's any staking coin with too much % gain is very easily inflate and you will lose more than gain. So choosing a good coin to stake very much like investing in an altcoin.

[S3300]

Staking is good if you have the money for it though I prefer mining coins instead because the risks are lesser this way, staking means you are giving out your money to CEX platforms for returns every month, it's risky if you ask me

[carlisle1]

It is recommended to people who want to keep their coins for a long time, staking also has a variant depending on the type of coin, the duration of the staking time, usually the one who stakes the longest will get a large return.
If you want hold coin in long term so yes i will suggest you yo staking.

If any investors wants to hold a project for long term, sorting those staking coins and select the best one that offered realistic revenue is something to

consider, it's best to see that your investment is growing even you are just keeping it from your wallet.

It's your obligation to work things out finding the best project to invest your money, do a deeper research and always rely with your own judgement
in picking which staking project to invest your money.

[Bay_Harbour_Butcher]

Staking is a new way to get crypto coins, just like a deposit product that earns interest in a bank, but crypto staking is much higher in interest. and more interesting, but there are risks, but I still recommend it

[asus09]

Current bitcoin price not stable I not recommended to staking your assets, bad and very risk with staking because price dump and you get loss all your assets staking, but if you have bought at higher price and cut loss is not solution this good for staking and waiting until price going up to get profit back, but if you want entry now with staking is very risk.

[kevindjunaidi]

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 planning to invest in ethereum for the long term, then of course I would definitely recommend you to staking ethereum, because you can earn money from staking ethereum, but my advice is that you should staking ethereum on a popular exchange, because it is safer (for example you can staking ethereum on Coinbase, Binance or Coinbene).

[BayAngelo]

As long as you are in for the long term. you can stake your ethereum in some projects but not all. some will encourage you to stake and then promise stakers some rewards. i must say that all my gambles in staking some of my token has left me in pains. i spend over 60usd to stake my eth in staked. today, the value of my rewards makes no sense. i may be leaving my token with them untill i got my rewards back.

[Valak]

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 use Binance for Staking and have never used BlockFi. But you should also pay attention to the platforms that provide Staking services. Don't just look at a high APR. There is a possibility that a high APR will put your assets at risk.

[dotcoin.info]

I think it's obvious to everyone now that staking is a wonderful thing. It is especially good with those coins that have not yet grown in value.
Staking is an excellent tool in case of a long hold, because you don't just hold, you also get additional coins. A large number of holders allows the price of your coin to stay at a stable level.