Staking Bitcoin and other coin freely

[emto]

Hello everybody,

Hope you are doing well with this pandemic...

I want to stake my Bitcoin (but also, if possible my Eth, Stellar, Monero, and XRP), but I don't want to use a platform/app/website that does KYC and all that.

Ideally, I would like it to be a mobile app and not a website, and also, I would like to be able to keep a hand on my private key obviously. I previously used an app called "Incognito" (https://incognito.org/) within the Provide feature which is like staking, it's pretty cool but I don't want to stake a big amount of crypto on that app because apparently it is not super secure and the dev team could do an exit scam anytime if they want to..

What do you use to stake your crypto freely, anonymously, and securely?

Many thanks!
Have a nice day

[dkbit98]

Bitcoin is proof-of-work coin and there is NO staking here, but some platforms are offering people to earn interest with sending them Bitcoin and passing kyc verification.

Coin that is advertised in this incognito wallet is not real Bitcoin but some pBTC token on ethereum chain, so you need to send them real Bitcoin and than they give you some fake bitcoin token.

What do you use to stake your crypto freely, anonymously, and securely?

There is nothing like this and I don't stake any of my coins.

[Fesatmas]

do not stake your Bitcoin, and never do it. if you want to do staking use altcoins other than Bitcoin. I don't need to say the reason for the specifications, but for sure there will be no investors or traders willing to stake Bitcoin.
no matter how many Bitcoins you have even if it's a small amount, holding and storing them is much better.

[hosseinimr93]

As stated by dkbit98, bitcoin is a proof of work cryptocurrency and cannot be staked.

I just made a search to figure out how their staking system works and couldn't find anything about earning bitcoin with their application. From the information I could find, they only offer staking an altcoin issued by themselves. They won't give you any bitcoin.

[bhadz]

This is a thread that came from a newbie and posted a service website asking if there are any alternative. But look at the main concern of the topic, it doesn't matter whether you know any other as long as you guys have read the website he wants you to know.
A clear sign of this: Don't get tricked by hidden spam on this forum

[AmoreJaz]

maybe the OP wants to just put your btc into flexible or locked savings, because staking is not possible for BTC, as already mentioned by others above. if you want to earn interest from btc, if i may suggest just do it in binance, as for me, they are pretty secure than others. they have SAFU in place also. if you will put it into their flexible or locked savings, you can earn daily interest. however, if you don't want KYC, maybe you need to check their daily withdrawal limits, afaik, 2BTC daily. but i dont know about the deposits, if you will exceed such amount.

This is a thread that came from a newbie and posted a service website asking if there are any alternative. But look at the main concern of the topic, it doesn't matter whether you know any other as long as you guys have read the website he wants you to know.
A clear sign of this: Don't get tricked by hidden spam on this forum

meaning, he may be discreetly promoting the incognito site?

[Saltius]

Staking bitcoin then got sth else(maybe you call it interest) is an attack vector to bitcoin supply limit.

[cabron]

Hello everybody,

Hope you are doing well with this pandemic...

I want to stake my Bitcoin (but also, if possible my Eth, Stellar, Monero, and XRP), but I don't want to use a platform/app/website that does KYC and all that.

Ideally, I would like it to be a mobile app and not a website, and also, I would like to be able to keep a hand on my private key obviously. I previously used an app called "Incognito" (https://incognito.org/) within the Provide feature which is like staking, it's pretty cool but I don't want to stake a big amount of crypto on that app because apparently it is not super secure and the dev team could do an exit scam anytime if they want to..

What do you use to stake your crypto freely, anonymously, and securely?

Many thanks!
Have a nice day

You can only do it with tokens that have POS algo and among those you mentioned it's just the Eth that has this feature. Staking ETH, for now, is only available on exchanges which you wouldn't like as well since they are asking KYC.

You'd be looking for other tokens that you can stake like Cardano, Polygon and Polkadot.  But I don't think you can buy them without having to submit KYC, try the exchanges that don't ask KYC.

[danherbias07]

Bro, that's risky if you ask me. There is no such thing as staking your coins when there is really no services for that.
They just made "loan" look cooler. That means they will own your Bitcoin for a mean time to invest it. Staking is way different when defined.

I'd never go to such extent if there are other options to make more profit using those coins you named.
If you want staking so badly then do it with a project that offers proof of stake and not ones with proof of work. Because that's HYIP not stake.

[pooya87]

Staking bitcoin then got sth else(maybe you call it interest) is an attack vector to bitcoin supply limit.

Bitcoin is a currency and people are free to buy anything with it, if they choose to buy bags of dog poo it is their choice and won't affect "bitcoin supply limit"! Those coins just went from the users' pocket to the pocket of the scammer who created the bag of dog poo called "altcoin".

[hd49728]

Bitcoin is mineable coin with Proof of Work (PoW), it is not a stakeable coin with Proof of Stake (PoS).

You can use your coin for lending, lock it and get rewards. Example is Binance Lending. Two options for you: Flexible savings and Locked savings.

[dansus021]

There is nothing like this and I don't stake any of my coins.

yes this very true  ,

like the hacker movie there nothing system is safe


but you can try binance earn since binance is the largest cryptocurrency market maybe the security little bit higher but yes its need KYC

there some platform that doesnt require KYC but it only for limited coin

[bhadz]

This is a thread that came from a newbie and posted a service website asking if there are any alternative. But look at the main concern of the topic, it doesn't matter whether you know any other as long as you guys have read the website he wants you to know.
A clear sign of this: Don't get tricked by hidden spam on this forum

meaning, he may be discreetly promoting the incognito site?

He is promoting that. Just as the factors that's being said on that thread, that seems to be the case for OP. We'll see it then if he's going to come back and answer any or even just 1 of the replies on the thread that he has made.

There's no staking in bitcoin, you can check out gambling websites that offer bankroll investing though, they are a good way to make your money not stagnate although there are days that there's losses, in the end you are on the side of the house.

That's more real than what OP has said about staking bitcoin.

[AakZaki]

I just heard and just found out about the "incognito" staking platform. But I'm not too sure and will not risk all my bitcoin assets staking by third parties. I better hold it and trade because I have full control over my assets. Many similar platforms end up deceiving their users and not being able to make a withdrawal.
Holding it yourself in a personal wallet would be better if you want to invest long term and if you want to double it you can use the Binance Exchange platform and use many features and it is certainly more secure.