Do you recommend staking?

[GatotKaca]

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, but on decentralized platforms or wallets, not centralized services that can steal your funds or block you due to regulations or something as trivial as a wrong phone number. I'm staking ETH and NEAR.

you have a good selection of staking assets.
I myself bet CAKE, ETH, SOV, and NMX.
I see something good about this asset. I keep it for the long term. Staking will give me more assets while waiting for the momentum for me to finally get back into the market to sell them.

[gustavroy]

Staking could be nice if where is good rates. Without good rates its totally worthless. Also i dont like to stake pairs. But in lots of exchange big portion of staking options are pairs.

[wallet4bitcoin]

Personally I like staking more than holding a coins for a long time. Because, Holding can make me profitable by only price increasing, But, staking can make me profitable from two side. One is price increasing and another one staking reward. But, be careful to choose staking platform. Sometimes people go with some scam staking platform for high APR.

[bryant.coleman]

In the past, I had very bad experience with staking, and therefore I wouldn't recommend it to anyone else. I invested in a few PoS coins (Deep Onion, Veil.etc) back in 2018, but suffered huge losses as the exchange rates went down (and I was staking my coins 24x7). It may be because of the general downtrend in the market (2018 was a very bad year for altcoins), but I never tried the PoS coins for investment again. Overall, I am not a big fan of the PoS coins. The only coin in this category that has caught my attention is Cardano.

[livingfree]

Staking could be nice if where is good rates. Without good rates its totally worthless. Also i dont like to stake pairs. But in lots of exchange big portion of staking options are pairs.

I don't understand what you mean by good rates and pairs.

You can stake as much as you can with different altcoins that have the staking feature whether it be for the exchanges or for the wallets that they totally support.

[xiboothrezi]

Personally I like staking more than holding a coins for a long time. Because, Holding can make me profitable by only price increasing, But, staking can make me profitable from two side. One is price increasing and another one staking reward. But, be careful to choose staking platform. Sometimes people go with some scam staking platform for high APR.

Staking is indeed more profitable than just holding it, because we can get rewards from what we deposit. but be selective in choosing a platform, only use a trusted platform that has been around for a long time to give satisfaction and trust to its users. because many scammers take advantage of this trend to create fraudulent projects, don't let your funds be taken away by fraudsters.
Staking can be an option to get passive income, just choose a strong coin like eth, effective for the long term.

[cute nmp]

I won't recommend it to any one have been staking different kinds of coins but up till now haven't made any decent amount of profits from it .I believe staking is meant for those people that invest lots of money so as to get huge amount of profits but for the middle and lower
Classes it is better to hold for a longer period of time  and make some profits from it.

[cabron]

Staking is safer than other programs which at any time a staker could just unstake and liquidate his funds if needed. But I'm just going to recommend staking for the projects that are really top coins because its guaranteeing a good price of the token that is also growing. There are many defi projects that also offers staking but the price of these tokens are dropping which in the long run the value of your money is also not growing.

[MSN02]

Yes, there is no point to it stake. I earn 11.2% apy with NEAR which is crazy. In a bear market this is great because I?m still getting returns and in a bull market I get these returns on top of how well it is doing in the market. Staking is easy passive income and there is no reason why you shouldn?t do it especially in NEAR since the tokens aren?t locked, you can pull your money whenever you want.

[NicNacCoin]

Recently staking is the best way of making money without any losses. Recently most of the people and projects offering their stakes plan during their Token sale. I always support and suggest to stake ..

[Hannahanto]

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!

To best answer I'll say every single step we take on crypto has a risk. That's why we use TA, take profit and go home to bring in the risk management to enables us to minimize the lost we where suppose to go below.
Staking is actually not bad like I see someone said, you can enroll to ETH2.0 at binance with your 32 ETH
Or better still buy some $NEAR tokens and hold, just stake all
Then come back in a year later to tell us how you became rich over a year.

[RussianEnglishTranslation]

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!

You can stake ETH with Lido then put that in Curve or Saddle or Pickle for up to 15% apy. It's easier however to just stake NEAR protocol for 11.5% APY.

[indrakusumaindra]

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 to staking your coin, it make you earn more money while you holding your coins. Its good to staking your ethereum cause i think ethereum have good future. Just staking your ethereum on reliable site i think its good to staking on exchange such as coinbase and binance.

[Sihab76]

The most interesting system that projects owners have invented to boost the attention of coin holders is the staking system. This is currently the most common system.As soon as a project is listed on the exchange, the staking system will be introduced. So its market value also increases.

[BitTraderCute]

The most interesting system that projects owners have invented to boost the attention of coin holders is the staking system. This is currently the most common system.As soon as a project is listed on the exchange, the staking system will be introduced. So its market value also increases.

staking not automaticly increase token value , but project developtment quality for token utility will influence how token value is. If dev team could attract demand for utility and usecase automaticly price will increase , and when it happen staking program launched to reduce supply in market  by giving return in certain periode. if dev team only offer high APR without any token utility value , in my opinion its useless.

If you are long term holder and there is nice interest rates why not but i dont suggest to become a liqudity provider if your not locking stable coins because imperminant lose could be harmful

providing liquidity provider in good project will give us more benefit, especially when our DEX have airdrop to liqudity platform usually this one will get more alllocation.

[romero121]

Through staking more circulation and holding is maintained. This will help with the circulating volume of the respective cryptocurrency. Staking is good, and it becomes more effective when we stake the right one. Projects with good development and real-time application gets good result through staking. In the past several projects have gone unknown just because it got dumped soon after getting listed for trading. Through staking phenomenon this can be overcome.

[flyeers309]

staking is good when you are not a holder and prefer to be a long-term investor. There are several flexible and locked plaforms, you just choose which one do you like the most with good APR. If coins that you staking trusted project with good development and had a good movement I think it's quite safe to stake in a long time

[wheelz1200]

Only if you can be sure that the staking reward is good and you have a good number of the coins/tokens to stake to generate good reward,  otherwise I won't recommend staking because at the end of the day, you will not be happy with what you will receive, more like it benefits the project more than the staker imo.

Yeah but when coins are set up that way, just like with bitcoin mining, sometimes it doesn't benefit the holder as much as it does the network.  In tes of percentage gains.  If you are going to Ling term hold your coins and a platform is relatively risk free then even a small percentage is better than nothing really.

[NewRanger]

Through staking more circulation and holding is maintained. This will help with the circulating volume of the respective cryptocurrency. Staking is good, and it becomes more effective when we stake the right one. Projects with good development and real-time application gets good result through staking. In the past several projects have gone unknown just because it got dumped soon after getting listed for trading. Through staking phenomenon this can be overcome.

this is strategy that runned by dev to decrease supply in market by offer certain return for those participate in staking program. But it is not enough to give high APY without doing something usefull in this project , staking will be useless if this condition met. Investors dumped their token due several reason ,of them maybe dev team didnt do good communication with community about developtment progress.

staking is good when you are not a holder and prefer to be a long-term investor. There are several flexible and locked plaforms, you just choose which one do you like the most with good APR. If coins that you staking trusted project with good development and had a good movement I think it's quite safe to stake in a long time

this is point definately right , APY return must move parallel with developtment progress so we have double value .

[Dread Pirate Roberts]

I heard some of my friends constantly earning income with staking masternode coin . but i didn't really follow what's happening now and it seems that there are a lot of coins that can't be staked but are staked by these platforms. I'm not really interested in things like that there are a lot of risks its more than only holding coin. and usually its needed large capital.