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Author Topic: Which platform is the best for staking?  (Read 196 times)
Shohanur (OP)
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August 23, 2021, 08:10:28 AM
 #1

I'm new on staking and I didn't participate any staking. I want to earn by staking. Would you mind sharing some information about staking? Where to stake and how to stake? Your opinion will help me to learn about staking.

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August 23, 2021, 08:15:14 AM
 #2

I use binance and trust wallet, which ever form of stake earning you seeking for is available on binance or trust wallet, though trust wallet seem safer than binance because of centralisation

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August 23, 2021, 08:31:59 AM
 #3

I'm new on staking and I didn't participate any staking. I want to earn by staking. Would you mind sharing some information about staking? Where to stake and how to stake? Your opinion will help me to learn about staking.

Staking is getting good as more people are now understanding that they can earn while also having their tokens kept for long term profit. Also from the look of things, it seems that most staking platforms now are on BSC network, although newer blockchain networks like Okexchain has theirs too but the prominence can not be compared to that of BSC network currently.
Nevertheless, on BSC network, Pancakeswap is taking the lead and the token you need to stake in order to earn other tokens is CAKE, you can also stake CAKE to earn CAKE.
Another on BSC network is Apeswap, in this case you will need BANANA token in order to stake and earn. These two are the prominent so far on BSC network.
On Okexchain you have cherryswap which claims to be the first Dex or swapping platform on Okexchain, and you will need CHE token for that, I think there are still others coming up.
Now there is an important thing you need to know, and that is, whatever you will earn from staking will depend on the amount of tokens you staked, that is, whatever you will earn from CAKE staking will depend on the amount of CAKE staked.
All these three staking platforms are to the best of my knowledge, it is now left for you to make further research and take the one that suits you well.
Staking process is quite easy and straightforward, and there is a difference between staking pool and liquidity, since it's for staking, you will need to select the token you want to earn, approve the contract, deposit the token of the platform and start earning, you can unstake anytime you want.

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August 23, 2021, 08:39:37 AM
 #4

Nothing beats staking those altcoins while holding it with your wallet and you own the private keys or seeds on it. The best would be staking it on a hardware wallet(Ledger), to give you an idea. While you don't have your HW yet, take a look at those supported wallets that those cryptos that you want to stake in through the links below.
(https://www.ledger.com/staking)
(https://trustwallet.com/staking/)
(https://www.exodus.com/blog/tag/staking/)
(https://support.atomicwallet.io/article/140-staking-options-in-atomic-wallet)

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the ghabbar
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August 23, 2021, 09:39:39 AM
 #5

I'm new on staking and I didn't participate any staking. I want to earn by staking. Would you mind sharing some information about staking? Where to stake and how to stake? Your opinion will help me to learn about staking.

Usually this is often given to binance, Markets and others, if the bet you mean is a project or investment complex. Usually when this is earned, then people will trade and sell on the right conditions assuming large margins.

Back again to the prediction and analysis of the exchange or selling of the staking that we have, after we do this the staking you mean will be very useful for us to release, therefore we need lots of references with clear sources.
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August 24, 2021, 01:25:34 AM
 #6



There are some multiple wallets that can be used to stake your tokens but that depends on what kind of your token. If you know what token that you wanna stake it and then you must also try to take a look at how much APY/APR that already offered. You can pick the best platform to stake your coin based on your token. if that's related to the major coin and some multi wallet like trust wallet was the best choice but you can also go to the swap or defi to stake your token.
You can try to visit uniswap, pancakeswap or something else to participate in the staking and farming.

Try to pick some article from the internet like this one as a way to learn more about staking and how it's working right now. https://coinmarketcap.com/alexandria/glossary/staking

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August 24, 2021, 03:28:21 AM
 #7

I think you should also consider the platform that is most secured to stake, beside looking for the platform to stake you should also be more concerned about the safety of your funds, reason why I would only suggest binance and pancakeswap since they are related, so far binance is trustworthy enough, and I have only done staking with them, although the apy of most of the staking not as attractive as many staking platform out there but am more concerned about the safety of my investment, the decision is your.
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August 24, 2021, 06:09:59 AM
 #8

I'm new on staking and I didn't participate any staking. I want to earn by staking. Would you mind sharing some information about staking? Where to stake and how to stake? Your opinion will help me to learn about staking.
I will not advise you any to invest and stake your Money , but never ever invest your funds inside EOSBet >>> https://eosbet.io/ <<<<

Please be aware of that Scam site and your funds will remain inside when you decide to stake them

Plus that is not trusted casino site that faces so many issues inside their own chatroom about not being fair and also not letting accounts to withdraw.

so stay away if ever there is someone told you to.

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August 24, 2021, 09:08:51 AM
 #9

Staking has a disadvantage that no one is telling you, once bear market starts your staking coins will reduce in value as well, meaning your income from staking will go lower and sometimes you will be pissed, my advice is stake the best coins only, examples? Polkadot and ETH, scared of volatility? Find stable coin staking, Binance exchange has USDT staking

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August 24, 2021, 10:52:15 AM
 #10

I have believe in diversifying, regardless of whether it's investing or staking. Staking is a trendy feature most of DeFi exchanges, even centralized exchanges also offer nice percentage. At the moment Binance, Pancakeswap, Apeswap platform I'm referring to do stake. Until now i'm happy with their service and APY offering.
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August 24, 2021, 11:37:31 AM
 #11

in general, most people would prefer staking directly from their wallet. you just need to connect your address to the platform and then stake your coins directly. the least favorite is a centralized party where you don't control your coins, such as centralized lending and so on. if possible avoid them. i personally stake on pancakeswap, apeswap, native platform for coins like kai, lto, etc.
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August 25, 2021, 03:59:27 PM
 #12

Exchanges like Binance, Kraken and Kucoin offers staking features but its not actually that much profitable like trading the crypto assets and when your assets are on staking period the value of assets can drop drastically which is the biggest risk associated with crypto staking.
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August 25, 2021, 06:05:38 PM
 #13

I mostly used Beefy.Finance when dealing with DeFi projects for staking. Never had any issues so far. I've noticed that some exchanges, such as Binance do offer staking too, but their options are limited and not really worth it, at least Binance is deemed as a safe, low risk opportunity.

I've used Dopple Finance, ApeSwap and Iron.Finance, all through the Beefy platform, now I'm staking WUSD and BUSD through Wault.Finance. Wish me luck!

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August 25, 2021, 10:58:19 PM
 #14

Exchanges like Binance, Kraken and Kucoin offers staking features but its not actually that much profitable like trading the crypto assets and when your assets are on staking period the value of assets can drop drastically which is the biggest risk associated with crypto staking.
And even they say, funds are safu. It's still different from actually holding your coins while you're staking it. You choose from those interest, safety and locked in period factors.
You can do that mostly on your own with wallets that has staking feature without agreeing to the contract of holding it for a period of time.

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August 26, 2021, 06:50:56 AM
 #15

Exchanges like Binance, Kraken and Kucoin offers staking features but its not actually that much profitable like trading the crypto assets and when your assets are on staking period the value of assets can drop drastically which is the biggest risk associated with crypto staking.
And even they say, funds are safu. It's still different from actually holding your coins while you're staking it. You choose from those interest, safety and locked in period factors.
You can do that mostly on your own with wallets that has staking feature without agreeing to the contract of holding it for a period of time.
Returns per year and coins available for holding is more on the exchanges and I guess only trust wallet offering the staking feature for some cryptos.
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August 26, 2021, 09:21:01 AM
 #16

I'm new on staking and I didn't participate any staking. I want to earn by staking. Would you mind sharing some information about staking? Where to stake and how to stake? Your opinion will help me to learn about staking.
Try checking this thread mate

https://bitcointalk.org/index.php?topic=5261357.0

it tackles about Casinos that offers staking also and maybe since you are asking about Platforms and no specifically ? maybe you will consider some of the casinos as best place to stake your money.

Exchanges like Binance, Kraken and Kucoin offers staking features but its not actually that much profitable like trading the crypto assets and when your assets are on staking period the value of assets can drop drastically which is the biggest risk associated with crypto staking.
binance has a good offers for staking in Ripple(XRP)

but OP must consider looking for the coins he wanted to stake and not just the platform itself.

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August 26, 2021, 05:51:06 PM
 #17

Exchanges like Binance, Kraken and Kucoin offers staking features but its not actually that much profitable like trading the crypto assets and when your assets are on staking period the value of assets can drop drastically which is the biggest risk associated with crypto staking.
And even they say, funds are safu. It's still different from actually holding your coins while you're staking it. You choose from those interest, safety and locked in period factors.
You can do that mostly on your own with wallets that has staking feature without agreeing to the contract of holding it for a period of time.
Returns per year and coins available for holding is more on the exchanges and I guess only trust wallet offering the staking feature for some cryptos.
There are many other wallets that are also offering staking features for different altcoins that they have. It's just you need to choose the reputable on those wallets that also has that feature.
It easy to choose from those available wallets that have staking feature too.

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August 27, 2021, 06:13:22 AM
 #18

Exchanges like Binance, Kraken and Kucoin offers staking features but its not actually that much profitable like trading the crypto assets and when your assets are on staking period the value of assets can drop drastically which is the biggest risk associated with crypto staking.
And even they say, funds are safu. It's still different from actually holding your coins while you're staking it. You choose from those interest, safety and locked in period factors.
You can do that mostly on your own with wallets that has staking feature without agreeing to the contract of holding it for a period of time.
Returns per year and coins available for holding is more on the exchanges and I guess only trust wallet offering the staking feature for some cryptos.
There are many other wallets that are also offering staking features for different altcoins that they have. It's just you need to choose the reputable on those wallets that also has that feature.
It easy to choose from those available wallets that have staking feature too.
Exchange wallet are not safe to use as staking mate, though others has offering staking yet we are always being advised that we need to stay away from leaving our money in online wallets for long time.
I will only let my funds in wallets when there are a need to trade .
I have believe in diversifying, regardless of whether it's investing or staking. Staking is a trendy feature most of DeFi exchanges, even centralized exchanges also offer nice percentage. At the moment Binance, Pancakeswap, Apeswap platform I'm referring to do stake. Until now i'm happy with their service and APY offering.
diversifying is what we need to use as basic strategy , because we must not put all eggs in single basket so if ever there is something happens your other investments is safe.

Squezzi55
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August 27, 2021, 11:15:38 AM
 #19

Find the best platforms that runs on cheaper network like BSC, uniswap fee is very high, also I recommend a well secured platforms like kucoin and binance that's if you prefer exchanges than wallets, as for wallet atomic and trust are the best

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August 27, 2021, 12:05:58 PM
 #20

Exchanges like Binance, Kraken and Kucoin offers staking features but its not actually that much profitable like trading the crypto assets and when your assets are on staking period the value of assets can drop drastically which is the biggest risk associated with crypto staking.
You mentioned a very good point.  Just as when we stack our assets, the price can go down, so we can't use these assets until the end of the staking period. So only if we have extra money can we think of staking.
Trading is more profitable but it is not suitable for a new trader.

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