Do you recommend staking?

[TWW]

I am sorry But I did not Recommend Stacking in My Religoin , Islam , Stacking is like a Sood and i am Not Doing Staking and also not recommendinh to anyone

Not only is Islam against the interest of staking. Other religious people don't agree to believe it. Even ETH 2.0 support staking program over 32 Ethereum. Even from now on, 80k USD isn't a low investment because Binance coin or Bitcoin investment could return you 6 times profit. This is the main reason now that I don't support staking programs. Staking rewards are lower during the bear market.

Staking isnt forbidden in islam, but becareful theres many kind of staking program in the market, something like staking for PoS purposes (to strengthen the network) its permitted.
The one that i believe forbidden is staking on exchange, because they use it to provide the liquidity (manipulate market) or lend the money to traders (margin) (so the interest come from something not good).

I'm not sure about staking which is considered something that is not allowed in religion. to be honest this seems something racist to me when we talk about religious finances. All banks know how to save money to get certain agreed benefits.
if we look at it from a religious perspective, it could also be that trading in the crypto market is something wrong in the trading principles of religion. because indeed an agreement is made between the seller and the buyer without knowing the person and the actual goods. there is a high possibility that one party will feel disadvantaged.
therefore when talking about digital finance. maybe it would be better not to associate it with religion. this is going to be very complicated.

[SaShiRaJaVu]

I'm not sure about staking which is considered something that is not allowed in religion. to be honest this seems something racist to me when we talk about religious finances. All banks know how to save money to get certain agreed benefits.

There is no point in mixing finance and religion, if one things that they cannot use banking or any financial services due to religious reason that is weird but still they have the choice to make their decision on what they do with their money.

I am not a huge fan of staking and i am yet to risk my coins giving liquidity to new projects and till now i never thought about staking any coins but if i find any promising project without any risk i might try them in the future.

[Alert31]

I am sorry But I did not Recommend Stacking in My Religoin , Islam , Stacking is like a Sood and i am Not Doing Staking and also not recommendinh to anyone

Not only is Islam against the interest of staking. Other religious people don't agree to believe it. Even ETH 2.0 support staking program over 32 Ethereum. Even from now on, 80k USD isn't a low investment because Binance coin or Bitcoin investment could return you 6 times profit. This is the main reason now that I don't support staking programs. Staking rewards are lower during the bear market.

Staking is better than holding but risk is always there, of course. If you stake your token in some exchanges, it might be hack because you don't owned a private key. If you are devoted in your religious group and you know that staking or trading is against in your religion, I think it will be complicated, unless you will not follow your religious doctrine. You know, religious group sometimes is unreasonable. They think that investing in cryptocurrency is bad or evil deeds. They don't think that as the time goes by, there are new technologies being discovered.

[Tigerheart3026]

i holding a few bounty coins, when i see those project staking is launched their own platform and staking in top ranking centralized exchanges where this coin listed, i was staked Ampeay for 90 days good APY, yesterday i connected with a new farming platform with Ispolink coin for next 3 months.

[BintangBuleun]

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 you can stake on Binance. There it will be safer than the others. Binance is trusted, and used by many people. If at any time the price of Ethereum increases, you can Unstake, and sell it, without having to wait for confirmation from the platform.

[Kehindem]

I think it's good, because staking of the means of earning passive income, ftx exchange is also good as regards to staking Ethereum, but my advice use the platform that you can get along with, that everything look simple to you not complex i.e you must understand everything about them.

[budlo]

The safest thing to do is staking stablecoins with or without a pair. But the interest rate will not be high. It is also worth considering in which network the stating will take place and the site itself. The risks of losing everything remain great

[dexter141]

Stacking is good, but you need to invest a lot of money in it, otherwise you will earn pennies, the more you invest, the more you will earn. In my opinion, it is better to invest in Ico, invested money, the marker went to the exchange, sold, took off X.

[budlo]

At least it should not be the main investment vehicle. For diversifying risks in a falling market, this option looks very attractive. The percentages are lower, but at least they are.

[camat gampong]

At least it should not be the main investment vehicle. For diversifying risks in a falling market, this option looks very attractive. The percentages are lower, but at least they are.

Then can it not be done when the market is rising? because what I see when the market is up, almost anything can be done well, in contrast to when the market is down where everything is not suitable to be done.

[cabalism13]

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'd rather search for another one which has other rewards and high APY, as its too low for that, it is not worth it for holding such for a long term and the return is so tiny, you can actually get that just by day trading lol, if you ask me I'll just trade it. But if you can find some other staking platforms that can offer high yields then you should try them out even just for a month, but that also depends as there are also scam websites out there.

[CaptainCrapper]

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 a staking system. cause when market too much dump we can get good something by staking system. we can recover our loss by staking.

[budlo]

At least it should not be the main investment vehicle. For diversifying risks in a falling market, this option looks very attractive. The percentages are lower, but at least they are.

Then can it not be done when the market is rising? because what I see when the market is up, almost anything can be done well, in contrast to when the market is down where everything is not suitable to be done.

In a growing market, there are far better opportunities to raise capital than staking. For me, this option is more acceptable when you are trying to save and increase your capital with the help of stablecoins.

[seoincorporation]

Yes, I recommend a staking system. cause when market too much dump we can get good something by staking system. we can recover our loss by staking.

Some staking coins have a hard crash, close to 90%, and that's hard to recover by staking because most of the coins give between 5% and 10% each year, so, staking is not a recovery warranty.

Is better to hold coins that will rise in the future than staking coins with a risky future.

[DarkDays]

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 you can stake on Binance. There it will be safer than the others. Binance is trusted, and used by many people. If at any time the price of Ethereum increases, you can Unstake, and sell it, without having to wait for confirmation from the platform.

I think it is worth staking coins that you're thinking to take a long-position on. There are many places where you can stake, again, it is a matter of shopping around to find the best provider while Binance is a good start they have started dropping their ROI rates by quite a lot, so it's worth looking around. And for sure staking is a way to get something back on a coin you want to hold for a while.

[livingfree]

Some staking coins have a hard crash, close to 90%, and that's hard to recover by staking because most of the coins give between 5% and 10% each year, so, staking is not a recovery warranty.

Is better to hold coins that will rise in the future than staking coins with a risky future.

This is why choose coins that can be staked and as well as known coins so that it won't just crash that a lot.

Crashing to 90% for a coin usually happens for those coins that can easily be manipulated by the whales. But if you're staking a coin that's very common, you can get some losses but not up to the point of 90%.

But I agree that it's better to hold coins that are too risky so you can trade it once there's a quick dump.

[Shallow]

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!

Basing my opinion on your title and talking in the aspect of staking as a whole, I would say that staking is very good but there are conditions to be aware of. The first condition is the platform that the staking will take place on, that is, how secure is the platform, are the team anonymous and how experienced and committed are they?; if all these ticks positively then staking is good on that platform.
The second is of course the APR, if a platform offers low APR, that will discourage users and that platform will not grow, thus making staking on such platforms a waste of time.
So the idea is, find a platform worthy of staking on, make sure it is a trusted platform and not those offering very high and unrealistic APR, which do not look sustainable on that long run and you might end up losing a lot. I would still maintain that staking is good.

[no-ice-please]

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!

Basing my opinion on your title and talking in the aspect of staking as a whole, I would say that staking is very good but there are conditions to be aware of. The first condition is the platform that the staking will take place on, that is, how secure is the platform, are the team anonymous and how experienced and committed are they?; if all these ticks positively then staking is good on that platform.
The second is of course the APR, if a platform offers low APR, that will discourage users and that platform will not grow, thus making staking on such platforms a waste of time.
So the idea is, find a platform worthy of staking on, make sure it is a trusted platform and not those offering very high and unrealistic APR, which do not look sustainable on that long run and you might end up losing a lot. I would still maintain that staking is good.

The first issue you raise is a really important one. There is another thread here somewhere discussing all the hacks that have happened in DeFi just recently. I didn't even know that these DeFi platforms are so prone to attacks.

And guess what: most of them have been audited by reputable code audit companies. That doesn't seem to be the holy grail either. Staking is a risk and make sure you don't lock your funds up for too long. There is opportunity cost involved and the time span also increases the likelihood of getting attacked at some point. If the platform is secure and the guaranteed APR is good, why not, but the space is moving so fast that to me staking sometimes feels like a waste of time.

[fielkun]

May I entice you to check on Stakenet's multiple staking solutions that provide an option for everyone, no matter how much XSN (the native coin of Stakenet) they own or their technical expertise. There is no limit to how much XSN you need to begin staking so you could start with just 1 XSN if you wish.

These are the Staking options that Stakenet provide:
- XSN Cloud Pooled Staking
- Normal Wallet Staking
- Cold Staking (TPoS)

For more information, check out their official site: stakenet.io

[yazher]

The last time I've checked about staking is the project itself needs to be realistic because some scammers take advantage of the current trend. they create such promising coins and when there's a lot of investors they quickly turned it to pump and dump. this project is no exception to scammers so you better be careful. I don't recommend going for the random stake coins even though they are cheap in price at their presale. it is better to always avoid such kind of project and look for a huge list of opportunity in the crypto industry.