Staking usdt off exchanges

[jrrsparkles]

Trust wallet support staking from the wallet itself but unfortunately they don't support USDT and USDC, so you have to stake them on a platform, if you don't want to stake on Binance then blockfi is the better choice which offers 9 to 9.5% APY which is reasonable and that is what most you can expect from staking the stable coins and if you see anywhere like 50% returns then its scam.

[MadeMen]

I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?

From my understanding, the concept of staking implies that you transfer your funds to the recipient who pays interest for using your funds profitably. Transferring your funds to the exchange or to a trust fund is not far apart. I know we have some decentralized exchange that you could benefit from by adding liquidity. This tends to be more lucrative but may require a huge capital outlay.

[magneto]

My advice is try Celsius or CDC.
They're one of the most reliable services out there, with around 10% APY on stablecoin staking.
If you need an invite code that'll bring you even more benefits, drop me a pm

Celsius is not "staking".

It's simply earning interest on your coins just as any other regular TradFi platform does.

Also, Celsius is pretty similar to a centralized exchange in the sense that your coins and private keys are all controlled by one central entity - which doesn't seem to be what OP wants at all.

[traderethereum]

We can suggest you stake your USDT or USDC or others in the ledger because you can monitor your coins while you stake and you do not have to send the coins to any exchanges as that can be a risk for you.
That will be better to avoid the risk so you can feel safe while waiting for the return from the staking process.
But so far, I have used Binance to stake some coins such as USDT, BNB, and others, and I do not have a problem.
I only use some small portions to the stake because I know the risk of staking with Binance.

I'm looking forward to stake with binance exchange but I will like to know what's the risk of staking with binance like you stated in your post? Actually I've never heard about any negativity on binance exchange so the question is have you? If yes pls share

The risk that I said about before is when the exchange suddenly closes its business, making members lose their interest and funds.
But so far, I do not see bad news from Binance and hopefully, that can last long so we can stake any coins on Binance with worry for the worst thing.
With their reputations, I am sure Binance will serve their members better than the other exchanges.
I only talk about the other exchanges that do not have good reputations as Binance. I am sorry if that is confusing you, so I apologize.

[Anonylz]

I'm looking forward to stake with binance exchange but I will like to know what's the risk of staking with binance like you stated in your post? Actually I've never heard about any negativity on binance exchange so the question is have you? If yes pls share

The risk of staking in binance is that you have to give up ownership of your coins by sending it over to the binance exchange before staking, so far, I haven't heard any negative feedback regarding binance staking, the exchange tries its best to secure the funds of users but you never know with hackers, it is still very risky, however, users funds are SAFU (Secure Asset Fund for Users) binance already ensures to protect users funds.

[zasad@]

I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?

Add liquidity to Uniswap pools and 1 Inch
Statistics Tether USD (USDT)
https://v2.info.uniswap.org/token/0xdac17f958d2ee523a2206206994597c13d831ec7

USDC statistics
https://v2.info.uniswap.org/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48

Choose the safest pools with USDT / USDC / DAI stablecoins

[the ghabbar]

Are you stalking with USDT, this is a service that is still new to crypto if you play in it then you have to send it in usdt also risking not something that many people do with usdt can now make transactions at a lower cost than with some other networks like Ethereum.

Most people don't care if the service is new or not, but what matters most is the level of comfort and satisfaction in sending batch, if you talk about Usdt currently having cheap transaction fees, that's true, especially when compared to ethereum transaction fees , this will be very visible the difference, and maybe it's all right and true, so to get convenience in transaction fees, the steps to choose Usdt are very good in my opinion.

[LUCKMCFLY]

I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?

I don't understand what you mean, risking Usdt from an exchange like what you mean, if you look at the level of stability of Usdt, currently one of the stable coins including USD, or do you mean risking coins when market conditions are correcting , so there is no added value of the bet, to have an impact on the investment, you need to clearly state the intent of this postpost.

From the point of view that OP puts it, it is confusing for me what he means, what I interpret or understand is that OP is looking for a way to put USDT to a decentralized exchange, but obviously USDT is a stablecoin, and it is very difficult In order for its value to grow in price, what I can guess is that it can leave the usdt in staking mode to generate another currency such as BTC, BNB, and put it to work that way. This being the case, there are many decentralized exchanges such as Biswap, uniswap among others that can generate dividends if some staking is done.

[the ghabbar]

I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?

I don't understand what you mean, risking Usdt from an exchange like what you mean, if you look at the level of stability of Usdt, currently one of the stable coins including USD, or do you mean risking coins when market conditions are correcting , so there is no added value of the bet, to have an impact on the investment, you need to clearly state the intent of this postpost.

From the point of view that OP puts it, it is confusing for me what he means, what I interpret or understand is that OP is looking for a way to put USDT to a decentralized exchange, but obviously USDT is a stablecoin, and it is very difficult In order for its value to grow in price, what I can guess is that it can leave the usdt in staking mode to generate another currency such as BTC, BNB, and put it to work that way. This being the case, there are many decentralized exchanges such as Biswap, uniswap among others that can generate dividends if some staking is done.

I too, can't fully understand the point, at the moment Usdt is not completely decentralized, but in this respect it is different from other existing exchanges, while stablecoins are very difficult to develop, although Usdt has a good level of development, so to achieve what is expected may be very difficult, the staking mode will affect the way to generate dividends on any exchange, that's how it works as far as I know.

[Strongkored]

I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?

You can check and learn about it here: https://waves.exchange/investments
it's better to download the wallet and keep it well all important information to access your wallet.
I've tried to use this to stake my USDT but it didn't take too long only a few months

[LUCKMCFLY]

I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?

I don't understand what you mean, risking Usdt from an exchange like what you mean, if you look at the level of stability of Usdt, currently one of the stable coins including USD, or do you mean risking coins when market conditions are correcting , so there is no added value of the bet, to have an impact on the investment, you need to clearly state the intent of this postpost.

From the point of view that OP puts it, it is confusing for me what he means, what I interpret or understand is that OP is looking for a way to put USDT to a decentralized exchange, but obviously USDT is a stablecoin, and it is very difficult In order for its value to grow in price, what I can guess is that it can leave the usdt in staking mode to generate another currency such as BTC, BNB, and put it to work that way. This being the case, there are many decentralized exchanges such as Biswap, uniswap among others that can generate dividends if some staking is done.

I too, can't fully understand the point, at the moment Usdt is not completely decentralized, but in this respect it is different from other existing exchanges, while stablecoins are very difficult to develop, although Usdt has a good level of development, so to achieve what is expected may be very difficult, the staking mode will affect the way to generate dividends on any exchange, that's how it works as far as I know.

Yes, normally the USDT is a currency that for many is the most reliable, in fact every time there is a problem with the USDT one what he does is think about Bitfinex and the problem that occurred in 2017 when they said that the BTC had grown in price thanks to the injection of many USDT to buy BTC, and recently I saw a tweet, it is not confirmed, I only saw it, I do not know if it is fake, where they said that they had printed an amount of millions of USDT under which they had put nowhere, this obviously causes some commotion in the crypto world.

[dansus021]

there dozen actually come to BinanceSmartChain and lokking for borrow and lending APP like Venus there is USDT but stablecoin stking usually show low APY/APR intstead of other token

[timerland]

I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?

You can't just stake USDT, it doesn't have any inherent yield.

But what you can do potentially is put it on DeFi protocols and lend it out, for example Aave is currently offering around 6-7% on USDT depending on what the platform you are staking on is. I would suggest using MATIC given the low fees that you will come across.

Crypto.com has a DeFi wallet that you can use as well - but that is essentially automating the process of yield farming for you.

[Williamm07]

If you don't mind about other stable coins you can stake UST in terra station wallet UST is just like USDT and usdc but under terra Luna network, also I suggest you should look into Atomic wallet it seems they still support usdt staking right in the wallet

[cafucafucafu]

I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?

Try Curve, Aave, Balancer.

None of them allow you to stake because USDT doesn't have inbuilt staking, but they should all be able to provide decent returns that are much higher than what you would get from your local bank.

Also I would suggest that you swap USDT for another stable coin before you yield farm, because USDT is notorious for being fractional reserved.

[batang_bitcoin]

I will not use exchanges to stake those USDTs that I've got. But there are those people that are really insisting on entrusting their money into exchanges. So if you are insisting, choose the flexible choice so that you can withdraw it anytime. Because you might get into the locked one and I'm not so sure if you can withdraw there anytime or it's just that the interest you can't withdraw if you've got a fixed term. But it's always better to avoid exchanges with your staking choices because just as the always reminder, "not your keys, not your coins".

[poodle63]

Most of staking defis literally offer staking with stablecoins simply because there are many people who gets attracted with its stability although it’s having relatively low APY.
You should check these defi in CMC because there are literally many of them and you should remember to choose the most famous staking platform because they could carry risk that caused your investment loss.
Although staking in a famous exchange is always recommended because it’s just a lot safer and usually some of them gives staking insurance too, although only very few of these staking platforms that provided by famous exchanges.

[dunfida]

Most of staking defis literally offer staking with stablecoins simply because there are many people who gets attracted with its stability although it’s having relatively low APY.
You should check these defi in CMC because there are literally many of them and you should remember to choose the most famous staking platform because they could carry risk that caused your investment loss.
Although staking in a famous exchange is always recommended because it’s just a lot safer and usually some of them gives staking insurance too, although only very few of these staking platforms that provided by famous exchanges.

Here's some good comparison with Cefi and Defi
https://medium.com/general_knowledge/best-crypto-staking-platforms-2021-massive-rewards-c1e728e0ecc8

So its a personal choice whether you do deal with centralized or decentralized ones.

[AmoreJaz]

Most of staking defis literally offer staking with stablecoins simply because there are many people who gets attracted with its stability although it’s having relatively low APY.
You should check these defi in CMC because there are literally many of them and you should remember to choose the most famous staking platform because they could carry risk that caused your investment loss.
Although staking in a famous exchange is always recommended because it’s just a lot safer and usually some of them gives staking insurance too, although only very few of these staking platforms that provided by famous exchanges.

Here's some good comparison with Cefi and Defi
https://medium.com/general_knowledge/best-crypto-staking-platforms-2021-massive-rewards-c1e728e0ecc8

So its a personal choice whether you do deal with centralized or decentralized ones.

it is indeed hard to suggest which one is better over the other because we don't know for example the longevity of the defi platform. what if suddenly, they disappear or got out of business and their site suddenly goes missing? at the end of the day, it is the user who will decide for himself where to stake his funds. but consider the reputation and your insurance that you will get your money back if anything goes wrong, either from the site's end or outside attack.