What do you think about staking?

[TheGreatPython]

I never stake zilliqia coin, but in Binance I do. When you have a lot of BNB in the spot market but dont want to keep in the soft/hard wallet because they will be used in short term, the best choice to keep earn without any trading action you have to try the stake option. I've use the stake option for get a little bit profit.

That is how Binance is making money basically. They allow you to keep using your money and basically they are using it for you and they are making money from that is just staying there still without moving. Normally if you trade with it, then you pay a trading fee, but if you do not trade then you are just using them as wallet and you are not paying any money for them.

This is why they decided to make it more interesting to use it, and when you stake it somewhere then I am going to guess that they are making more and giving you a cut from it, obviously you are getting the lion share but that doesn't end up with anything shocking because they want to make money with it and why would they do it for free.

[savetheFORUM]

I wanted to talk about staking. In my opinion, this is a good way to increase assets that would otherwise just lie in the wallet. I recently tried staking on the NewsCrypto platform, the market situation is not entirely certain now, so I am trying to extract maximum profit from my assets.

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?

Yes, staking is a really good thing for anyone to engage in. I do it, and I believe that there are so many people as well who do it here. And the good part of it now is that your money is no longer locked for like a year, as it used to be before. Most exchanges now would allow you to stake and withdraw your money anytime you want. It’s not a must that it will have to be locked for a year for you to be able to withdraw it, you can decide to stop it at any time.

So, it’s not really bad, you can just put in your money and whenever you feel like, you can take it out, but know that is going to stop your profit from counting further. And there are also exchanges that once you take it off before the set period, you will lose your returns.

[tvplus006]

I never stake zilliqia coin, but in Binance I do. When you have a lot of BNB in the spot market but dont want to keep in the soft/hard wallet because they will be used in short term, the best choice to keep earn without any trading action you have to try the stake option. I've use the stake option for get a little bit profit.

Recently, there have been a lot of launchpuls and launchpads on Binance, so it is not difficult to place your BNB to get a profit. But you should not buy BNB specifically for the sake of a ghostly chance to make a profit, if you do not have plans to hold this coin, since the coin is volatile and the profit received from staking may be less than the loss from a decrease in the price of the coin.

[cheezcarls]

I respect everyone’s opinions here regarding Newscrypto staking. However, it has a great use case when you stake NWC tokens there. Depends on how much NWCs you stake, you’ll get between a month to a year of free subscription as a Newscrypto Pro Member where you can access state-of-the-art helpful tools for crypto traders that cannot be accessed by basic or free members.

Plus if you try accessing their platform, you’ll see the value that you can get from education, AI-based crypto trading tools, weekly community prediction contest with NWC giveaway, community grant program, upcoming copy trading feature & NFT game, metaverse, etc. Plus, the community on Telegram is so healthy and exciting.

[pawanjain]

Hi everybody

I wanted to talk about staking. In my opinion, this is a good way to increase assets that would otherwise just lie in the wallet. I recently tried staking on the NewsCrypto platform, the market situation is not entirely certain now, so I am trying to extract maximum profit from my assets.

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?

If you are not holding the keys to your coins then you are not owning any coins. If the wallet you stake on is a noncustodial wallet only then I would recommend staking.
I like staking as it enables a source of passive income but I would not risk my coins in a 3rd party platform.
I am not sure if newscypto gives us the keys to our coins or not but if it doesn't then you should stop staking right away.

[South Park]

Staking can be very profitable if you can start and end it correctly because staking usually has a lock period, and don't be too tempted by APY without taking into account the possibility that the price of the coin will drop quite deep when the lockout period ends, and this is very possible with new coins
Staking is perfect for those who are passive and don't really like trading, but you still have to be precise when buying the coin to start staking.

That locking period is why I do not like staking at all, that is very similar to what we see with HYIP and I am sure there are many scammers taking advantage of staking by promoting big profits that way and giving themselves a lot of time to exit scam their customers, since they have accepted they cannot touch their coins for a set period of time, and if to that we add the volatility of the market and how it can crash relatively quickly then you could lose a lot more money than what you earn by staking your coins.

[yayayo]

There's a good news and bad news about staking first good news is that you have a lifetime staking which in other words you are earning daily, weekly or monthly the bad news is if the price crashes and all the profits you have will reduce the value so it's better look for a stable coin or at least coin with a high market capacity to avoid unnecessary crash or volatility about its price.

ya.ya.yo!

[Kimonoe]

Staking can be very profitable if you can start and end it correctly because staking usually has a lock period, and don't be too tempted by APY without taking into account the possibility that the price of the coin will drop quite deep when the lockout period ends, and this is very possible with new coins
Staking is perfect for those who are passive and don't really like trading, but you still have to be precise when buying the coin to start staking.

That locking period is why I do not like staking at all, that is very similar to what we see with HYIP and I am sure there are many scammers taking advantage of staking by promoting big profits that way and giving themselves a lot of time to exit scam their customers, since they have accepted they cannot touch their coins for a set period of time, and if to that we add the volatility of the market and how it can crash relatively quickly then you could lose a lot more money than what you earn by staking your coins.

and if the market crashes while our coins are still locked, therefore we can't do much, and after the lock is open and we get the prize coins, the value has decreased a lot. and this is what I don't like about staking, where we can't do anything with the coins we have

[PhucS]

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.

[OddyseyGames]

The key is to choose the right coins / tokens for staking. Although I prefer to be a validator and not a nominator. Now there are not bad projects on the Polkadot parachains ...

[_BlackStar]

I'm not very active in trading so far and I also don't know much about staking your point. But if it is one part of a long term investment then everyone who is risking should also pay attention to the reputation of the platform they are going to use. This mean that when you entrust your money to a third party, you must strictly verify that you will be safe with it. I see binance has this feature, but I've never tried it.

Can someone explain to me for example I have 1 bitcoin ^[$49K] that I want to use for staking. How much profit will I get in 1 year, do we have a choice?

[Hamphser]

There's a good news and bad news about staking first good news is that you have a lifetime staking which in other words you are earning daily, weekly or monthly the bad news is if the price crashes and all the profits you have will reduce the value so it's better look for a stable coin or at least coin with a high market capacity to avoid unnecessary crash or volatility about its price.

ya.ya.yo!

There's no such thing about forever earning because these platforms wont last forever and consider on the amount or interest you would be earning on then I

would say that it wont really be worth for your money to be parked on here for a long time just to gain some small APY %?

I cant really sleep that well if you do know that you are inputting or entrusting some platforms with your coins  for a very long time.
Well, this is self preference.

[DoublerHunter]

Staking is good if those legit sites offered a safe haven for your funds and don't take for granted your money. For me I have no such confidence with staking, because I haven't tried to deal with this type of profit gaining platform.
Previously I've tried parking on some coins but suddenly it failed, and the project itself went out dead and out of circulations.

^ That is the problem with staking, you need to choose a legit exchange platform where you can entrust to hold your fund for a long term in order to have more profit. But staking is very risky right at this moment, you will never know what will happen to the exchange where did you leave your investment, and hope that there is a good return. I still believe that you should hold your coin with a private key and you have control over it while holding. But it depends upon you if you can afford to risk your money via staking.

[Johnyz]

Staking is good if those legit sites offered a safe haven for your funds and don't take for granted your money. For me I have no such confidence with staking, because I haven't tried to deal with this type of profit gaining platform.
Previously I've tried parking on some coins but suddenly it failed, and the project itself went out dead and out of circulations.

^ That is the problem with staking, you need to choose a legit exchange platform where you can entrust to hold your fund for a long term in order to have more profit. But staking is very risky right at this moment, you will never know what will happen to the exchange where did you leave your investment, and hope that there is a good return. I still believe that you should hold your coin with a private key and you have control over it while holding. But it depends upon you if you can afford to risk your money via staking.

There’s always risk on investing and choosing the best exchange might eliminate that risk, just understand everything especially the terms and conditions before you stake. Binance could be your option for this, for me its safe and they are professional exchange and the best one, stake with good amount of money so you can feel it growing because if its just a small capital, i’d rather not to stake it.

[sana54210]

There’s always risk on investing and choosing the best exchange might eliminate that risk, just understand everything especially the terms and conditions before you stake. Binance could be your option for this, for me its safe and they are professional exchange and the best one, stake with good amount of money so you can feel it growing because if its just a small capital, i’d rather not to stake it.

Depends on what type of staking you are doing. If you want to stake BNB and earn BNB then yes Binance is your choice, but what about some of the DeFi tokens? Cake in that case is better option, pancakeswap for BSC of course but Uniswap for ERC20 is a lot better solution. I am not sure what is going to happen but in the end we are talking about something that is clearly different from each other. So, if you mean like staking or liquidity providing type of deal in DeFi world then you are going to have to deal with the top dogs again if you want to be safe.

There is apeswap at BSC for example, people like it, but even that is so risky that many lost money there, and there are thousands of other examples that popped up in the recent year, copy cats basically and they will all cause you to lose money. So Binance for direct staking, Cake for BSC DeFi, Uni for ERC20 and that's all you can do.

[passwordnow]

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.

Yes, it's a passive income that one that really uses as another way of gaining wealth and as well as for cryptocurrencies. The more you stake, the more profit that you can make.
It's the logic in staking, you have to invest more so that you can also earn passively a lot. Because if you're just going to invest a few and expect a lot of return, that's not going to happen.

[BuNga_cute]

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.

Yes, it's a passive income that one that really uses as another way of gaining wealth and as well as for cryptocurrencies. The more you stake, the more profit that you can make.
It's the logic in staking, you have to invest more so that you can also earn passively a lot. Because if you're just going to invest a few and expect a lot of return, that's not going to happen.

As long as we can find trusted platforms and the right coins for staking, staking is a great way to earn passive income. Especially if we are people who
have a lot of busyness and do not have time to monitor the market, seems like staking is the right choice if we want to earn passive income in
the crypto world. The problem with staking is that the interest given is very low, so to get rich from staking, we must have a large capital.
Therefore, if we only have a small capital, instead of staking, better long-term investment in coins with strong fundamentals is much more profitable.

[passwordnow]

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.

Yes, it's a passive income that one that really uses as another way of gaining wealth and as well as for cryptocurrencies. The more you stake, the more profit that you can make.
It's the logic in staking, you have to invest more so that you can also earn passively a lot. Because if you're just going to invest a few and expect a lot of return, that's not going to happen.

As long as we can find trusted platforms and the right coins for staking, staking is a great way to earn passive income. Especially if we are people who
have a lot of busyness and do not have time to monitor the market, seems like staking is the right choice if we want to earn passive income in
the crypto world. The problem with staking is that the interest given is very low, so to get rich from staking, we must have a large capital.
Therefore, if we only have a small capital, instead of staking, better long-term investment in coins with strong fundamentals is much more profitable.

About looking for a trusted platform, I do trust those wallets that are offering to stake and they're giving you your private keys. But if that platform you're saying is just another exchange, I won't use to stake on that exchange because they're not giving you the private keys for your coins to stake. The idea of making a profit in staking is that you should really have a greater amount for you to feel the gains because if it's just a couple of bucks and a hundred, you barely feel the profit.

[BuNga_cute]

~

Yes, it's a passive income that one that really uses as another way of gaining wealth and as well as for cryptocurrencies. The more you stake, the more profit that you can make.
It's the logic in staking, you have to invest more so that you can also earn passively a lot. Because if you're just going to invest a few and expect a lot of return, that's not going to happen.

As long as we can find trusted platforms and the right coins for staking, staking is a great way to earn passive income. Especially if we are people who
have a lot of busyness and do not have time to monitor the market, seems like staking is the right choice if we want to earn passive income in
the crypto world. The problem with staking is that the interest given is very low, so to get rich from staking, we must have a large capital.
Therefore, if we only have a small capital, instead of staking, better long-term investment in coins with strong fundamentals is much more profitable.

About looking for a trusted platform, I do trust those wallets that are offering to stake and they're giving you your private keys. But if that platform you're saying is just another exchange, I won't use to stake on that exchange because they're not giving you the private keys for your coins to stake. The idea of making a profit in staking is that you should really have a greater amount for you to feel the gains because if it's just a couple of bucks and a hundred, you barely feel the profit.

Everyone has their own choice to choose which platforms are considered comfortable and safe for staking. If you are not comfortable using
exchanges, there is no need to force using exchanges, because as you said there are other options. Like using a wallet that allows us to have
private keys, that's the right of each person, not coercion where we have to stake. Every decision we make, we ourselves must be prepared
with all the risks. Regarding the profit we make from staking, it really depends on the amount of capital we have. After all, no matter how big
the capital we use for staking, it will not be as big as the profit we make from investing and trading. Because most platforms that provide
staking services only provide low interest rates, that's why until now I have not been interested in staking coins.

[Xampeuu]

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.

Yes, it's a passive income that one that really uses as another way of gaining wealth and as well as for cryptocurrencies. The more you stake, the more profit that you can make.
It's the logic in staking, you have to invest more so that you can also earn passively a lot. Because if you're just going to invest a few and expect a lot of return, that's not going to happen.

As long as we can find trusted platforms and the right coins for staking, staking is a great way to earn passive income. Especially if we are people who
have a lot of busyness and do not have time to monitor the market, seems like staking is the right choice if we want to earn passive income in
the crypto world. The problem with staking is that the interest given is very low, so to get rich from staking, we must have a large capital.
Therefore, if we only have a small capital, instead of staking, better long-term investment in coins with strong fundamentals is much more profitable.

right, I think the interest in staking is relatively small, so I personally have less interest in staking, even though we get additional tokens, but we can't take profit every time. I think the investment will be better, because the assets are in a private wallet, so the security of our own wallet takes care of it. and I guess it is the safest place for our assets