Do you recommend staking?

[Sithara007]

I have tried staking with a number of coins, but unfortunately none of them worked for me. I don't want to discourage anyone, but this is what happened to me. Back in 2018, I had invested in several PoW coins. All of them returned heavy losses for me. Now imagine this, keeping the laptop on for 24x7, and then incurring a loss because the exchange rates have gone down. Maybe because 2018 was such a horrible year for cryptocurrency. Anyway, I don't want to invest anymore in PoW coins. That decision was made years ago.

[cabron]

We are currently seeing staking as a new option for people who invest in crypto.Because by storing money in staking we get interest from the coins we staking.staking is safe for us because the flowers we receive in accordance with what we get are promised and returned to our wallets at a time.I think at the moment the staking is good for eth you can try done in binance.There are many offers staking with high interest.In addition to eth, other altcoins also offer many staking flowers that can be staking with a period of 1 month, 3 months or 12 months with varying and of course profitable flower variants.because I have also tried staking in binance is very safe and profitable for those of us who invest in crypto for a long period of time.

Staking is earning in a slow phase but its good as long as you have chosen the right project to invest in. I have some POS tokens myself that I have put my trust into like ADA. Its earning every week but not big enough but its accumulating.

Staking in Binance exchange though is not recommended, you should just do it on your wallet. You have been here long enough and must have heard about that steemit fork.



 

[fileo]

Staking is good strategy to earn passive income by holding while waiting the possibility to have some beautiful moments to happen in the future. Yes, a lot of coins has a good apr but you cannot appreciate the daily profit if you have only few tokens in it. The more you have coins the more the higher the daily profit. Binance exchange has a lot of staking. It depends on you which you will choose. Another site is pancakeswap.

[flyeers309]

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 safe way to get passive income for people who are not very good at trading or have more activities in real life.
Your choice is right but so far I have never tried staking ethereum. If we talk about staking, because we are talking about long-term investments, stable coins can be a good choice, or as you choose, coins with good development and have an increase price from year to year can provide satisfactory profits.
just a reminder, choose trusted platform especially if we have little time to check the state of our staking

[kak uli]

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!

how about you hold on to the ethereum you have in your wallet longer?
because in this case I see it is better to use the long-term method to benefit you more, because in my opinion the long-term is a better strategy in this case because it will prevent you from selling when the price fluctuates. usually if it is implemented then this trade will be more in favor of you or other holders by getting big profits in the future

[MoneyJ]

Staking is one of the features cryptocurrency that is what people attracted to. Traditional finance cannot even offer such. So definitely I would recommend staking. Staking keeps the network secure while as a user the staked asset can grow over time.

[RBLT]

A lot of people seems to like staking. All my friends too, love staking because of the profit they can get for long-investment. I, myself haven't tried it yet but i think staking is reccomended thing to do.

And maybe i will to, staking in the near future

[cheezcarls]

Staking some Ethereum would be good if you can manage your risks. It locks up your funds for a certain period of time but gaining interest in the form of coins or tokens. You can also look at the APR or APY of it and the other factors as well. yes it’s passive income for sure, but once again just stake an amount that you’re willing to lose.

[koang]

A lot of people seems to like staking. All my friends too, love staking because of the profit they can get for long-investment. I, myself haven't tried it yet but i think staking is reccomended thing to do.

And maybe i will to, staking in the near future

Crypto staking is the safest way of earning profit in the crypto-asset ecosystem. Imho
Unfortunately, crypto staking often has a fairly large entry threshold (just for a big investor)
But don't worry, for small investors, there are still opportunities to get passive income from crypto staking, one of which is the SAT coin (Smartx)
SAT Coin Has a very low entry threshold and one of the highest APY in the market which makes it affordable and profitable. DYOR

[lepbagong]

For now, maybe alternative staking is still new and there are many enthusiasts because it is almost the same as deposit only and the funds we save will produce for a certain time. but along the way, we will also not know that if there are many interested people, then the funds absorbed will be large and it is certain that the results that will be obtained will also decrease due to the increasing number of participants. So far there has been no other experience for staking whether there will be any impact if the funds continue to drop in price or the holder resigns.

[TastyChillySauce00]

there is high gas fees if you can pay but also be mindful

The high gas fees only happened in ethereum, in BSC it's pretty cheap and if you use exchange to stake maybe some stablecoins it has really low fees and maybe the stablecoins also can be used in BSC.That's why if you think the fee is pretty high you should avoid using ethereum.
But staking stablecoins give low APR because its doesn't have the risk of fluctuation and also many people are staking stablecoins.

[cricketkhampion]

sir In our religion staking is Haram and future trading is also haraam if you belong with Muslim I suggest you. that you should avoid from staking and also future trading now it is your choice you want to stake or not.

[Handsome Boy]

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

or if 32 ETH is too much, then we can also do staking ETH 2.0 on Binance exchange and in my opinion Binance exchange is one of the biggest exchange at the moment, so I'm sure ETH that we staking in Binance exchange is definitely safe, therefore without having to have 32 ETH, then we can still do staking ETH 2.0 and earn passive income from staking ETH.

[nicolas1979]

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

This requires a large amount of Ethereum to stake. 32 ETH is a huge amount, it's just that those who have a large amount of Ethereum can staking it on the official Ethereum website. But we can also use Beaconcha for staking Ethereum less than 32. But I've never tried it, so can't be sure how many APR it gets.
However there are some exchanges that offer staking of Ethereum or other coins, but the time is very short.

[rosebrand]

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!

There are many staking sites and platforms out there which gives a very high APR but the main concerned is being safe, some of this project after so many promises, there get much funds from investors staking and then rug pull. So for me I did recommend  $Near for staking, no stress you can stake in your  mobile wallet and it's 100% safe with  lucrative rewards, and also you can as well stake on sushi which just had partnership with  near and gives high rewards up to 400 % and above.

[Mkmanik]

Staking is a good way to earn some passive income. But for staking you need to choose the coin very carefully. Because at altcoin there is a huge risk, Market manipulation is very easy here. So you decided to stake Ethereum. If you have a lot of money, Then it's a good choice. because Ethereum price will be high in the future(prediction).
Now I am Staking a few AME coins that I received from bounty, The rate is also good. Kucoin is also offering staking service. There you can stake some Altcoin with a good return. Here is kucoin staking link https://pool-x.io/ Binance link for stake https://www.binance.com/en/defi-staking

[Malam90]

I recommend staking because staking is a big source of passive earn for me. But it's not easy to find out a good project for investment there for staking. Staking in Pancakeswap, Babyswap, Cherryswap is good for passive earn. Many new projects comes but most of them are risky although they offers massive APR to draw attention of the investors and many go away after raising money.

[livingfree]

I recommend staking because staking is a big source of passive earn for me. But it's not easy to find out a good project for investment there for staking. Staking in Pancakeswap, Babyswap, Cherryswap is good for passive earn. Many new projects comes but most of them are risky although they offers massive APR to draw attention of the investors and many go away after raising money.

They're risky.

Specially if the coin that you're going to stake isn't that popular but it's giving you high percentage of interest as you stake. There's the higher risk for those type of coins.

But if you're aware of it and with those swaps that you use, you still need to choose that has a reputation and got a better security.

[Psynthax]

A lot of people seems to like staking. All my friends too, love staking because of the profit they can get for long-investment. I, myself haven't tried it yet but i think staking is reccomended thing to do.

And maybe i will to, staking in the near future

Many people like it because it's easy to stake and it looks the same as investing staking sometime the prize tokens.
But with staking if we are bad at choosing the promising project it can become bad for long term because we don't know the price of the token in the future
and the prize can have low value.
Recommended or not I think it still on the project that we choose to stake, if the project is good it will give good result.

[H1N1]

Staking is one of the features cryptocurrency that is what people attracted to. Traditional finance cannot even offer such. So definitely I would recommend staking. Staking keeps the network secure while as a user the staked asset can grow over time.

Many people get attracted into staking because it doesn't need mining devices like PoW coins such bitcoin or dogecoin.
When we mining with mining devices, we must have some knowledge to setup the mining equipment so the miner can run.
But in staking, we just need to buy the coin and have a little knowledge to stake it.