What do you think about staking?

[MinMan]

Staking on the bank or deposit called is giving only under 5% every years and I think very small fund giving than with cryptocurrency almost have 100% return every years, with cryptocurrency still have staking without unlock fully where you can get back your coin when ever do you want, if you make stake or deposit on bank need patience more than two or three years to unlock your saving money.

So, it is true that interest on the bank is really small? I didn't knew that because I haven't tried depositing my own money in banks yet but I heard that info somewhere. 5% interest looks small already but it will be more smaller if your capital is also small. If earning is your target and you only have a small capital, cryptos are the way to go.

I think bank's are only good for storing money but I know many anti banks and crypto users wont agree with that, to the fact that your not totally in control of your money. I see that profits in staking are kinda predictable but this cuts the excitement. For that reason, some would do trading and investing.

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[iv4n]

New platform with promising higher reward APY I don't really trusted but of try to stake better you run with faster way, don't stake more than one or two month just running with one week only before site become scam and coin have drop price, I think is not worth with higher APY for staking coin in long term period because have risk price dump.

Precautions should be taken when trying something new, in this case when a new opportunity arises for staking with a high APY it would be good to start with a small amount of money for a short period of time! Otherwise, some catastrophe can happen and the loss of investment will be very certain... it's not like it didn't happen before!
Staking is good, and it's working fine... people should check some trusted staking opportunities and try it out!

[MFahad]

For staking use ledger it will not only save your account and also will earn best APY. Try to stake Atom,Osmosis,Rose,Near these all are underdevelop coins and many new Airdrop are distributing. Staking working good but before doing so always check the station where you want to stake .

[AnonBitCoiner]

I suggest look for the cosmos blockchain and for the love of god don't stake on exchanges... This is the worst! Buy i.e. atom on kraken or binance, transfer it into your own wallet i.e. keplr and stake it there. The best thing for Android user is that Trustwallet now support Staking . just upgarde wallet

[Oilacris]

I suggest look for the cosmos blockchain and for the love of god don't stake on exchanges... This is the worst! Buy i.e. atom on kraken or binance, transfer it into your own wallet i.e. keplr and stake it there. The best thing for Android user is that Trustwallet now support Staking . just upgarde wallet

Good thing on using up Trust wallet is that its a non-custodial ones which it would really be having the control of your coins since you do possess its keys which is totally different when you are dealing

with custodial wallets which risk on storing your coins would be always there thats why its not really that recommendable.Speaking of staking then APY isnt really worth if you do look at it which doesnt

really equals on the risk that you are putting and waiting up specially on 3rd parties.So you should really think carefully.

[Xxmodded]

I suggest look for the cosmos blockchain and for the love of god don't stake on exchanges... This is the worst! Buy i.e. atom on kraken or binance, transfer it into your own wallet i.e. keplr and stake it there. The best thing for Android user is that Trustwallet now support Staking . just upgarde wallet

Maybe still early is worth and profitable for staking but after many investor put much money on cosmos blockchain and staking together actually will drop APR reward percentage. All staking network blockchain usually matching with how many investor participants but still not happen with exchange market for staking like Binance, they keep the same percentage depend with how much investor stake their coin, but on network dapp always change every day depending how many investor in or out for staking.

[StLucifer]

It's a good option to make some easy money just by lending your coins but I am not a favor of having so much of my coins tied up knowing I can't take them out without some form of penalties.
But for the ones enjoying staking options with a lot of money, it is worth it to them for an easy 4 or 5 percent return for basically doing nothing.

[LUCKMCFLY]

I suggest look for the cosmos blockchain and for the love of god don't stake on exchanges... This is the worst! Buy i.e. atom on kraken or binance, transfer it into your own wallet i.e. keplr and stake it there. The best thing for Android user is that Trustwallet now support Staking . just upgarde wallet

Maybe still early is worth and profitable for staking but after many investor put much money on cosmos blockchain and staking together actually will drop APR reward percentage. All staking network blockchain usually matching with how many investor participants but still not happen with exchange market for staking like Binance, they keep the same percentage depend with how much investor stake their coin, but on network dapp always change every day depending how many investor in or out for staking.

The truth is that I have always been interested in entering the Binance staking mode, I have been testing decentralized exchanges a lot and it has been good for me with profitability, however in Biswap I have been changing on occasions from staking in coins because the APR they offer in some coins is more attractive, I think this is what has gotten me a little out of continuing to stake in a single coin, but according to the experience they have had in Binance it seems surprising to me, on YouTube I always see that those generations of profitability they are very good.

[lepbagong]

Broadly speaking, of course, we must first know staking, it is very similar to deposits in conventional banks in general. will earn interest and are kept within a certain period of time that has been agreed upon at the beginning. but the assets obtained will be the same as those staked, not in the form of fiat.
of course there will always be an impact from the staking;
loss :
your crypto assets will be locked for a certain period of time. During this certain time, you cannot sell the coins. This of course can harm you.
advantage :
you can generate passive income or profit without having to do trading or mining activities on crypto assets. Staking coins is also considered to have a smaller risk when compared to trading or mining activities.

so everything is returned to the situation of each individual who wants to stake and must think carefully before deciding to stake.

[rojan]

Sometimes this is why I would prefer to just buy Bitcoin and HODL instead of having to face the problems of these Altcoins.

I've seen people with the same reason as you.

Many of them preferred to just buy and hold bitcoin or those altcoins that can be staked. They're feeling that there's no need for them to do that and earn with those percentages.

But if the concern is about the value, just choose those platforms that making you choose the flexible term for which you can withdraw at any time.

Looking at the styling so that I can discuss it here, I would say that this song is an initiative only to improve the value of coins and this platform and because there is always a risk from here but from here on the platform to grab points from there may not be reliable for them but our  Tawfiq may have run away, but I think it's better to keep the coins in our personal wallets.

[Taskford]

Broadly speaking, of course, we must first know staking, it is very similar to deposits in conventional banks in general. will earn interest and are kept within a certain period of time that has been agreed upon at the beginning. but the assets obtained will be the same as those staked, not in the form of fiat.
of course there will always be an impact from the staking;
loss :
your crypto assets will be locked for a certain period of time. During this certain time, you cannot sell the coins. This of course can harm you.
advantage :
you can generate passive income or profit without having to do trading or mining activities on crypto assets. Staking coins is also considered to have a smaller risk when compared to trading or mining activities.

so everything is returned to the situation of each individual who wants to stake and must think carefully before deciding to stake.

For all of this we can expect that the return is so low on long lock up period set by your account so for me this is not totally worth it since imagine those times that you might possibly get a huge profit if you just trade this in span of many months. Those two things what you mention is good points but maybe people should consider all things they need to know and they should take decision towards this base on what they research because there are so many things worth than staking your funds in certain platform.

[zaesvlas]

To be honest, for me it's more a game than a job. I can not say that you can earn some money on this. Rather, it's a bit the other way around.

[horrifiedx1]

Broadly speaking, of course, we must first know staking, it is very similar to deposits in conventional banks in general. will earn interest and are kept within a certain period of time that has been agreed upon at the beginning. but the assets obtained will be the same as those staked, not in the form of fiat.
of course there will always be an impact from the staking;
loss :
your crypto assets will be locked for a certain period of time. During this certain time, you cannot sell the coins. This of course can harm you.
advantage :
you can generate passive income or profit without having to do trading or mining activities on crypto assets. Staking coins is also considered to have a smaller risk when compared to trading or mining activities.

so everything is returned to the situation of each individual who wants to stake and must think carefully before deciding to stake.

For all of this we can expect that the return is so low on long lock up period set by your account so for me this is not totally worth it since imagine those times that you might possibly get a huge profit if you just trade this in span of many months. Those two things what you mention is good points but maybe people should consider all things they need to know and they should take decision towards this base on what they research because there are so many things worth than staking your funds in certain platform.

I personally have never actually staked, just a little knowledge that I consider. Staking means that our coins are locked for some time and that's inconvenient for me, because I'm the type of person who will sell my coins in the medium term, so staking limits me from selling or even getting penalized if I'm desperate to withdraw it before the time limit is reached. . with unexpected market movements then I have to be ready to sell it when the pump occurs, and that no one knows when it will happen

[endut15]

If you don't want to take the risk don't take the platform step just to test, you have to choose your best platform. so you get passive income. I also heard about NewsCrypto, and I often get positive news. however, if you want to give NewsCrypto a try, you'll have to enter just a little bit. as you said to test that platform, we have to be careful.

[CNMOH]

In my opinion, I think staking is a very good way to earn passively. Users do not need to spend too much time and effort but can still earn more money, the only thing to do is stake the number of coins/token they want and choose the desired time. However, it is necessary to carefully study and select projects that are good and have potential for future development in order to achieve high profits.

[n0v41337]

Staking is a good way to increase the amount of the assets by holding for some periods. Before you stake, you need to know that the rewards need some time to increase and sometimes, when the price increase but you do not earn much amount so you still need to wait for more.

[Pejoh Asu]

Staking is a good way to increase the amount of the assets by holding for some periods. Before you stake, you need to know that the rewards need some time to increase and sometimes, when the price increase but you do not earn much amount so you still need to wait for more.

Staking has proven to be profitable especially if we are staking for the long term, but we must pay attention to the security side, if we are staking on spot exchanges then this is very safe, but if we are staking on DEX then always make sure the PC security system because currently more and more programs are available can hack our assets.

[MinMan]

Staking is a good way to increase the amount of the assets by holding for some periods. Before you stake, you need to know that the rewards need some time to increase and sometimes, when the price increase but you do not earn much amount so you still need to wait for more.

In investing we normally earn a profit once the value of the coins increases but on staking we can earn less once the price of the coins increases? So that means, the only way to earn huge is when the price of the coin decreases? ah so staking is like the opposite of investing.

We can include staking in our investing activity so that whatever happens with the price, either it will rise or fall, we can still expect to earn a profit. We should only be wise though and cash out the profits once we think its already sufficient so that we won't lose it eventually. We can always start again at the beginning by putting smaller amounts, rinse and repeat.

[jossiel]

Staking has proven to be profitable especially if we are staking for the long term, but we must pay attention to the security side, if we are staking on spot exchanges then this is very safe, but if we are staking on DEX then always make sure the PC security system because currently more and more programs are available can hack our assets.

Don't also forget the real time value of the crypto you'll stake.

E.g. Like if you have bought that token this day @ $50 and then you have already staked it. The value will decrease if the market price of that token also drops.

So that's part of the risk that you need to remember but if you're okay with that and you'll just leave it there for a long time then you've got no problem.

[Marvell1]

Staking is a good way to increase the amount of the assets by holding for some periods. Before you stake, you need to know that the rewards need some time to increase and sometimes, when the price increase but you do not earn much amount so you still need to wait for more.

In investing we normally earn a profit once the value of the coins increases but on staking we can earn less once the price of the coins increases? So that means, the only way to earn huge is when the price of the coin decreases? ah so staking is like the opposite of investing.

We can include staking in our investing activity so that whatever happens with the price, either it will rise or fall, we can still expect to earn a profit. We should only be wise though and cash out the profits once we think its already sufficient so that we won't lose it eventually. We can always start again at the beginning by putting smaller amounts, rinse and repeat.

Usually an investor chooses to staking, they will not be interested in the short-term price increase. Staking helps us to increase the number of coins we hold, is a form of passive income when someone doesn't have time for day trading or they prefer to be safe.

The staking will not be able to give quick returns like investing or day trading but it is safe and idle.

If you are a savvy investor and want to maximize your profits, you should combine the two. This will help you stay flexible and not passive.