How good is staking coins?

[ropyu1978]

Not have enough good skill with trading choose staking as best way how to earn profit in cryptocurrency, just check coin price stable and giving good consistent APR for long term. Maybe right now have many coin given consistent APR from SFUND, RARE and AXS but keep check price before staking coin, you need buy on support price when looking for with staking coin and not worry without skill trading you have passive income with staking coin and always consistent.

[imamusma]

Staking is like trading sometimes - if you know how to do it right, you will earn a lot here
If you are staking all you have without any knowledge and experience - you can even lose your money.

There is a difference between staking and trading in that respect, where staking has to hand over the coins to another party to be locked and trading, only we manage it ourselves with targets that we make ourselves through placing orders, both buying and selling, so in general this is is a different matter.

[Rengga Jati]

It will depend on who you are.
If you are typically a trader, you will better choose to trade your coins than staking because sometimes, the profits will be much higher for trading.
But, if you are typically a holder, staking is one of the ways to do while waiting for the coins to reach a certain price or rate.
In order to do staking, there are some considerations to understand and aslo analyze before doing staking:
- Each platform may give different APY or rewards for staking, each platform will also give different staking rewards depending on what coins to stake or how many periods to stake.
- There are many staking platforms. That is way, always be careful, never only pay attention to the big APY. But you must also analyze whether the platform is actually legit, reputable, and also trusted or not. For, staking coins need times of period, you will put your coins there. If you take it in non reputable platform, there is scam probability.
- Cosnider about you are staking because you are holding for long term. Because, once you are staking and when it is still on progress, you cannot tarde your coins even they are pumping.

[pure crypto]

You also have crypto.com, you can stake USDC between 6% and 14% annual

[Pelana vreo]

https://www.stakingrewards.com/earn/dogecoin/ I'm looking for some sources of information on this Dogecoin staking, you can see that, in general, the supply of Dogecoin continues because of the miners, the Dogecoin blockchain doesn't support staking, but some platforms offer staking for your benefit, I don't know how it works, but I think miners are better than staking.

[Crypt0Gore]

Unfortunately staking is for the rich not for the poor, the only way staking can make sense is if you have good amount of money to invest on the token or coin and then stake it for rewards..staking reward is lower than proof of work reward.

[Sterbens]

Staking coins means that you have an advantage in the future and drives the growth of the crypto itself. I think so far many cryptos offer bets with mixed profits. Like in LUNA, ATOM, and many more. As for the miners, they didn't seem to have much to do with staking coins. They run on different blocks and with different percentages. I think staking can be done at an affordable cost rather than mining and you also have your own choices.

[JahriMeayer]

It depends on now much extra assets you have but hope you already know about staking where you need to stake your coin and due to become a validator or provide liquidity on that platform, you will able to passive income along with holding your coin! but if you have small capital then staking isn’t recommended cause we already saw recently good altcoins also dump badly and you can't do anything if you staking them on any platform. Trading is better for small assets. Staking coin will be good option if you have big assets ora extra money or you don't know trading & you want passive income from coins

[Luqman]

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

I have ever done staking coins on Binance and also locking TKO in Tokocrypto, the local exchange legally in my country. The reward is quite interesting. Moreover, if this is done in the trusted platform, it will be secure enough. It can be done while holding so we can also get rewards by staking.

But once more, if we are willing to have short term holding, staking may be not the first major choice because sometimes, if the price suddenly rises up, we cannot sell the coins because they are locked or staking. So, we must wait for until the period of staking is ended.

[Mahanton]

It depends on now much extra assets you have but hope you already know about staking where you need to stake your coin and due to become a validator or provide liquidity on that platform, you will able to passive income along with holding your coin! but if you have small capital then staking isn’t recommended cause we already saw recently good altcoins also dump badly and you can't do anything if you staking them on any platform. Trading is better for small assets. Staking coin will be good option if you have big assets ora extra money or you don't know trading & you want passive income from coins

You could get passive income on it specially if APR or APY is something that really considerable for you to dive in but if not then it isnt really worth the risks considering that
you would really be entrusting up your funds on a 3rd party which it is not recommendable to do so and it would be better if you do held off those funds on your own
to avoid such risks but there are people who are really fan of doing that.

[NewRanger]

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

if you to staking yout coins, maybe you should consider only on staking reward only but also look the future that possible give you another coins as airdrop. look at cosmos ecosystem ,most of coins of these ecosystem give us airdrop while new coins launch. JUNO , SCRT be good example for this.

Unfortunately staking is for the rich not for the poor, the only way staking can make sense is if you have good amount of money to invest on the token or coin and then stake it for rewards..staking reward is lower than proof of work reward.

once again check another points for staking, dont ony APR or APY but also potential airdrop in ecosystem.

[wheelz1200]

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

First off if your friend built a dogecoin mining farm he is doing it wrong.  Running scrypt miners purely on doge is not profitable.  You need to mine litecoin and side mine dogecoin.  You can mine both coins at the same time which then will male it profitable.  Now as far as staking those coins, I guess with higher rewards comes higher risk like anything else.  Right now I would sit on alts just to stake.  You lose net value everyday in these markets that way.

[zonefloor]

Staking activities are both risky and very lucrative in my opinion. This depends entirely on the activities and content of the project you are staking in. If a stake is made for a project that will not show a good rise or an empty project, you may even suffer a complete loss of receiving your principal money. Because the token you stake will be locked, and you may not know whether it will drop for the token at that time, and it may have serious damages. These should definitely be considered.

[$anounimus$]

Staking is one of the various preferred investment patterns using digital currency coins/tokens but you should be aware that the staking process applies to various cryptocurrencies including rules and deals. The most important thing to remember is that you should only invest what you can afford because this investment option can be risky if you don't know what you are doing and see the price now to fit back later in the future. For example, ADA locked staking interest 17% a year locked 15 days still available on Binance https://www.binance.com/en/support/announcement/17c2ee7ced72491d92b96f1157a1efd2

[diminizio]

How much money do you make from staking each month?

I believe staking cannot be determined on a monthly basis.
If the staking is based on PoS mining then the result will be how much assets you stake in the PoS system.
but also the PoS system apart from the amount of capital is influenced by how much is mining the coin, because the more people mine, the less the share.

But now that we are also introduced to staking in the DeFi project I find it more modern and even cheaper than PoS systems. The earnings determined in DeFi staking are based on the liquidity pool, APY/APR provided, divided by the number of people who put their capital in.

In conclusion, PoS income is determined by the amount of capital, while Staking DeFi is determined by many things, such as APY, APR, capital, as well as the number of miners.

[adzino]

You can't stake doge coin. Dogecoin is mined (like bitcoin) since it uses Proof of work. Coins that uses proof of stake or other similar algorithm are the ones that you can stake. Your friend built a dogecoin mining farm. We will get rewards for discovering blocks. The staking you are talking about is probably those centralized platforms where you can "stake" your coins. That is not actually staking. It's more like lending your coins to the exchange and in return they will give you a percentage profit.

Staking is one of the various preferred investment patterns using digital currency coins/tokens but you should be aware that the staking process applies to various cryptocurrencies including rules and deals. The most important thing to remember is that you should only invest what you can afford because this investment option can be risky if you don't know what you are doing and see the price now to fit back later in the future. For example, ADA locked staking interest 17% a year locked 15 days still available on Binance https://www.binance.com/en/support/announcement/17c2ee7ced72491d92b96f1157a1efd2

Those are temporary offers/events hosted by binance. They pay users from their own pocket (or the developers provide them with the rewards). It's a way of promoting the coin and exchange. ADA staking APY (staking from your own wallet to a decent pool) is around ~ 4.5% right now.

[raidarksword]

Staking is a good opportunity to earn passive income especially in bearish market like this. If you are a long term holder, then it's the best way to earn more while waiting for another bull run or waiting for right price you want to take profit on your holdings.

[asyakashi]

Staking is like trading sometimes - if you know how to do it right, you will earn a lot here
If you are staking all you have without any knowledge and experience - you can even lose your money.

Trading actually looks easier than staking because trading usually only has two decisions (buy/sell) with a predetermined period.
While staking requires careful calculations, some staking even requires additional investment like DeFi which has to invest 50:50 fair:token.
I think staking is perfect for those of us who buy coins in bulk who want a long period of time to withdraw all the profits rather than just holding them in a wallet. staking is more profitable.
Even though when we are staking the price goes down making the estimate not increase at least in the future we have more coins without us having to buy them again. but I believe staking requires more careful calculation than trading decisions.

[Ziskinberg]

Staking is a good opportunity to earn passive income especially in bearish market like this. If you are a long term holder, then it's the best way to earn more while waiting for another bull run or waiting for right price you want to take profit on your holdings.

Indeed, It was an opportunity to grow our money but we never consider this as a passive income. I did staking for many years and based on the results, we can't just think about earning more, Besides, 3% APY is not big enough to think we can multiply our money, just was very small and we can't rely on this as a passive income.
Many had taken this option not aiming to earn big, they just consider as they are holding. It simply is good but not totally good if we aim for more profit.

[Fatunad]

Currently the most talked about coin as a staking coin is the Safuu. This coin is giving the most staking in stakes.This is the highest 383025.80% APY is giving. From what I have seen it was the highest of the best in staking. However, I am giving the link for everyone to see.https://safuu.com/

But this APY would really just decrease down as the pool get bigger or lots of people would be diving in.You could commonly see these % if its still new but dont get surprised
when numbers do change which is inevitable or if ever this one really get some investors or who do hold.So its a clear shill out for me for the link given.
Staking is good if you do know on how to timing trend whether its dumping or pumping then you could really take advantage.