How good is staking coins?

[Crypto Library]

Of course profits can be made by stacking.  But first it is important to choose the right platform, if you invest in the wrong place without understanding then you will not be able to make a profit but you will face a loss.  As your friends say they have benefited from choosing the right platform and having a good knowledge of stacking.  You can stack on binance if you want, it has a lot of good features in this regard.  But before investing money anywhere, understand and invest well

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[Semar Mesem]

Staking is a very good trend for investors who are planning to hold long term, I bought a lot of coins or tokens available in the staking program and the results will increase significantly after at least a year. the most important thing when staking is to make sure the platform or developer is trusted.

[Gayong88]

Staking coins is a viable way to earn interest without putting your coins at too much risk. Typically it takes around 3 months for a coin to mature and start earning you interest, but it's worth it if you're willing to wait.

I think the biggest benefit of staking is the passive way in which you can earn returns, but there are also risks involved with staking coins. It's not possible to stake a larger amount than you actually have, and if you don't stake when required then your stake will be slashed (destroyed).

Any crypto is high risk so you have to be prepared to lose. My advice is don't lock staking if coin or token you have strong fundamentals and high daily transactions, because if suddenly the price is pumped, you can't sell fast.

[Altryist]

 Staking is good if you buy coins for the long term, then you can get additional profit, of course provided that the staking platform is reliable. For me personally, it is important that during staking my coins are not blocked for some period, so that in the case of a pump, I could sell the coins and buy them back on the drawdown after the pump. As a rule, such manipulations can give much more profit than staking.

[Tellek Garing]

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From the experience I've had at Biswap, the passive income I get is very good, I won't give you an idea or profit percentage, because a percentage like APY will not make the price of the coin you get make you profit, the price of the coin will definitely go down because a lot people who get coins from staking and they sell them.
Recently I sae the SAFUU platform give more than 300k% APY, but I believe the price of the coins produced will decrease as the number of coins sold after staking increases

I also have an asset that I stake in Biswap and compared to other DEX platforms, I recommend Biswap more. Regarding SAFU, you should be careful because usually projects that offer a high APR or ROI will end up being a scam.

Yeah proof of stake is the most convenient way of cryptocurrency mining and as that it more easy and cheap to mind on proof of stake and if one is looking to gain passive income then staking can be recommended for that purpose.

Most of the dex platform offer high incentive on their staking rewards and being competitive among others.

[darewaller]

Taking things into consideration, Binance is a good place to stake if you trusted the platform.

Though everything should start with your chosen assets to stake your money, a good way to have a passive profits
if you pick right coin to use for your long-term investment.

Knowledge should always be the priorities, you can follow every update from the team channels in order to have
a much better confidence waiting for your money to grow.

Picking which coin to stake got a bit more easier these days. We could do btc, eth and bnb there and even ltc in some places, there are busd and usdt ones too.

All of which shows that we should not be worried about the picking of the "right" coin, if you could do a basket of sorts from all of those, just 5 of them would be awesome anyway. Obviously you will need to make sure that you could survive without those before you lock them in, but a passive income from btc, eth, bnb, usdt, busd together, could avarage over 5%+ right there, add in the fact that the price of them could go up (not stable ones) that would mean a great return for sure in the long run.

[alan228]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Cryptocurrency give people many opportunities to earn money. One of such opportunities is staking.
A lot of people block their money in liquidity pools to earn money from providing liquidity.

Now many people think that the price of cryptocurrency will continue to grow. The popularity of cryptocurrency grows together with demand in digital assets.

Adoption of cryptocurrency grows all over the world.

[Coinmaster2.5]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Now many people think that the price of cryptocurrency will continue to grow. The popularity of cryptocurrency grows together with demand in digital assets.

Adoption of cryptocurrency grows all over the world.

Airdrops is a good way for participants to get tokens of new and prospective projects for free.
The most important is to find the airdrops that are really profitable and will allow to earn money.

[Pamadar]

-Snip-

Picking which coin to stake got a bit more easier these days. We could do btc, eth and bnb there and even ltc in some places, there are busd and usdt ones too.

All of which shows that we should not be worried about the picking of the "right" coin, if you could do a basket of sorts from all of those, just 5 of them would be awesome anyway. Obviously you will need to make sure that you could survive without those before you lock them in, but a passive income from btc, eth, bnb, usdt, busd together, could avarage over 5%+ right there, add in the fact that the price of them could go up (not stable ones) that would mean a great return for sure in the long run.

I agree to the point that you said regarding to live without those invested money.

It's passive and continually provide staking rewards that adds up to the amount of your investment, though like
also with how you express things out, the chance of fluctuation can harm you in a short run. It's best to study and
aimed for long-term investment for a rewarding outcome.

[MFahad]

Staking coins other than stable coins is very risky. Some days ago my friend bought Juno token for staking at the price of 40$. Token was looking bullish at that time but after that because of some bad news token whale sold the token and now price is below than 30$ and worst scenario is that you have to wait 2 weeks for unlock when you unstack the token.

[nininyashka]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Airdrops is a good way for participants to get tokens of new and prospective projects for free.
The most important is to find the airdrops that are really profitable and will allow to earn money.

Staking coins allow to get passive income. Every day a lot of new staking coins appear and investors have a big choice of such coins.
But it is necessary to carefully check the projects for staking to find the best and most profitable projects.

[Orange89]

Well if you wanted how much you earn it all depend upon APY /APR that's given if they are high then you will get good amount but Remember making APR really high doesn't indicate the sign of good idea no doubt by increasing the APR we can get the huge stakers community but at the end it doesn't help the token to grow
Remember what had happened with CheerySwap they are giving high staking Reward around 250-300 APR for around 6 month and now their token price is just fallen from 4$ to 0.1$ check the gap it is huge and on the other
Just check out cake token price they are managing well with only around 60-70% Apr so at the end it also depends upon which token are you choosing from

[iv4n]

Staking coins other than stable coins is very risky. Some days ago my friend bought Juno token for staking at the price of 40$. Token was looking bullish at that time but after that because of some bad news token whale sold the token and now price is below than 30$ and worst scenario is that you have to wait 2 weeks for unlock when you unstack the token.

Just patience... I have BSW on staking and I bought my BSW around $0.7! At one moment the price bottomed at $0.3, a weak or two after my investment, but now it's $1.37! Do you get the picture?! Many people stake and some people are whales and when they dump their earnings that affect the price, but new stakers join, and the price recover, of course, if the project is good!

Staking was never easier and more available! From wallets that have staking feature for some coins, casinos with their tokens where we get rewards in different crypto, to so many exchanges that have so many different staking/farming options... the choice is so big! I think there's something for everyone!

[TopT3ns]

Staking coins other than stable coins is very risky. Some days ago my friend bought Juno token for staking at the price of 40$. Token was looking bullish at that time but after that because of some bad news token whale sold the token and now price is below than 30$ and worst scenario is that you have to wait 2 weeks for unlock when you unstack the token.

Some trader staking with Juno coins hope could received reward with Juno airdrop and they not care about price have reach up and now drop drastically, from $40 until $30 will make many people disappointed with Juno coin have drop drastically. I think with this coins platform looks hype when staking because when airdrop have ended many member have out and removed from coin staking. I think just popular at the early only and now airdrop from Juno have ended and not any new airdrop launching again with Juno network.

[redwine49]

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......

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.

That's right but it's also depend on staking conditions, some project allow it's holder to exchange directly without having to be locked.
This is also good deal when we want to bought some crypto with staking feature

[Polkeins]

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......

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.

Yes, before buying currency for stacking, it is better to ask whether the funds will be "frozen" for the time of stacking or not. It takes 14-20 days to get zilliqa out of stacking, everyone has different ways.
In general, stacking is a good way to "overtake" inflation. This does not always work out and not everyone has the opportunity to pay 14% as zilliqa, but 4,5,6% is also quite good. In any case, if the choice of the coin was chosen correctly, then the capital will only grow.

[kak uli]

yes it is true that staking is the best way to earn. but I do not agree to risk Coin, because the passive income obtained is much smaller in my opinion. not to mention the coin that we bet on has decreased in price. the point is, in any way we can make a profit, but do further research and analysis.

[Abco]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Staking coins allow to get passive income. Every day a lot of new staking coins appear and investors have a big choice of such coins.
But it is necessary to carefully check the projects for staking to find the best and most profitable projects.

There are a lot of opportunities to earn money using cryptocurrencies. One of such opportunity is staking.
The ability to earn passive income attracts to cryptocurrency many people.

[RussianEnglishTranslation]

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'm not sure what you are talking about in regards to a doge coin mining farm staking but NEAR, MATIC, and ICP have high returns for staking. I think ICP has up to 40% if you are willing to lock up your coins for 8 years.

[pandanaran]

Staking tokens does look very good to do when we want to hold coins in the long term, but only coins that have the potential not to fall should we choose because if we choose the wrong coin to stake then we get a big loss due to the decline in coin prices, however, we should be able to control that risk by choosing potential coins like Cake, BNB and other market coins.