Passive income : Bank interest vs staking

[speedy963]

Oh please, do we even need to compare these two things? Damn, I really do not think that if a person knows a lot about staking crypto or has at least enough knowledge about it, he would still consider going for banks as an option if he wants to gain anything from his hard earned money. I mean, just think about it, the difference is just too far apart. Even more so for staking platforms that has just started yet. Of course the risks on crypto staking can be worrisome which is why I mentioned knowing a lot about staking or at least enough knowledge about it. The only thing that is hindering a person from achieving financial goals nowadays is himself. Learn, experience and take reasonable risks. That is how you will be able to achieve more at this day and age specially in this industry.

[Ultegra134]

With APY no more than 10% per year then I think there is no interesting thing about Banks, it's better to invest in Crypto then we use it for staking, although binance gives APY 6% but we hope that a fantastic price increase is more important than the APY staking We get it.

A few weeks ago, I put a decent sum of money on UST-BUSD, it had 30-40% APY back then, now it has fallen to 5-10% and I'll possibly switch to another vault. However, Beefy now has a BUSD vault on Binance Smart Chain, featuring 13.39% (or 0.0319% daily), it was around 35% a few days ago, but it seems to have lowered now.

There are plenty of other options as well, if you check other networks too.

[justdimin]

I almost do not believe in projects that provide APY up to thousands of percent, it really looks like a scam or it won't last more than a few months. this really brings too much risk, I would never staking such projects.

Should choose projects with a reasonable percentage and those that have been recognized as safe to invest and stake. Along with that, choosing a platform to stake is also extremely important, we should only stake reputable, leading platforms.

That is because they are 99% scams and 1% will fail, that is why. Any project that offers thousands of percent APY returns cannot sustain that and will either go down to a realistic level or they will be gone. Look at Pancakeswap, they provide something realistic for the good ones, but look at the small cap stuff there, they are offering high levels but their prices always keep on crashing lower and lower and can't be sustained and never stay high.

This is why if you see a project that offers anything high, you should stay away from it. Things like 20-30% is not really impossible in crypto, that could be done, and things that are 10% or under are usually decent.

[verita1]

Sometimes we lose and other times we win. I remember having made my first staking with two tokens frm and nexo.
After a year, when I unlock the Staking, I can see my benefits.
I won a high ROI in FRM for being a token that was barely growing up in the market.
However, even though the token nexo has an impressive marketing machinery, the benefits I got were low.
After that experience, I never saw banks as a better place for my savings.
Investing in Crypto is risky, it is worth taking into account not put all the eggs in a basket.

[Lanatsa]

I almost do not believe in projects that provide APY up to thousands of percent, it really looks like a scam or it won't last more than a few months. this really brings too much risk, I would never staking such projects.

Should choose projects with a reasonable percentage and those that have been recognized as safe to invest and stake. Along with that, choosing a platform to stake is also extremely important, we should only stake reputable, leading platforms.

That is because they are 99% scams and 1% will fail, that is why. Any project that offers thousands of percent APY returns cannot sustain that and will either go down to a realistic level or they will be gone. Look at Pancakeswap, they provide something realistic for the good ones, but look at the small cap stuff there, they are offering high levels but their prices always keep on crashing lower and lower and can't be sustained and never stay high.

This is why if you see a project that offers anything high, you should stay away from it. Things like 20-30% is not really impossible in crypto, that could be done, and things that are 10% or under are usually decent.

There's no brainer if we do compare out bank interest to APY which been offered with staking with altcoins which you do say that most of them are scams and the rest do really fails. 5-10% APY is really realistic

but offering above those numbers are basically not really that suggestable for you to engage on and as been said or mentioned that its price would be crashing until you do end up on earning nothing or peanuts.

Its never been recommended to consider out staking as a good way of investing considering the duration and risk involved into it.

[jostorres]

With APY no more than 10% per year then I think there is no interesting thing about Banks, it's better to invest in Crypto then we use it for staking, although binance gives APY 6% but we hope that a fantastic price increase is more important than the APY staking We get it.

A few weeks ago, I put a decent sum of money on UST-BUSD, it had 30-40% APY back then, now it has fallen to 5-10% and I'll possibly switch to another vault. However, Beefy now has a BUSD vault on Binance Smart Chain, featuring 13.39% (or 0.0319% daily), it was around 35% a few days ago, but it seems to have lowered now.

There are plenty of other options as well, if you check other networks too.

Those type of things lower because more people put money into it. The outcome is always the same, the return is almost always the same, what changes is the amount of people who got in. Solets say that daily it will distribute 100 bucks, it will always be 100 bucks and it will not change alright?

In this example, if we have 10 bucks invested into it, then each dollar will get back 10 dollars back, but if we have 100 dollars than each dollar will get another dollar back. This is what happens when APY drops, the distributed amount is the same but invested amount is lower. This results with lower APY and usually proves you that you are investing into a trusted pair for sure.

[doomloop]

One of the biggest or main hindrance or reason on why we do really hesitate on making out such option due to security or scam or hacking involvement on where we cant really assure on a years time there
wont really be those kind of probability which we would really be thinking off on our investment for that long.Yes, we could possibly earn more than on what we could earn in banks but the risk involved
would really be still high and if you could able to bare it out then go ahead but im sure that most people wont really be that seeing this thing to be appealing.

Indeed saving money in bank preserves our money for us. But the issue with keeping your money in the bank is that you are hardly getting anything. Staking can be more profitable and risky at the same time. You can make good profit from staking your cryptocurrency, and even more as the true value of the asset you have staked continues to increase. But when that is not the case, it would be the opposite which is  a loss due to the true value of the asset you are holding decreasing.

But, majority of the people would always prefer to stake their money than just leaving it in the bank and making nothing. Although as usual you will always need to have some part of it saved in the Bank, while another part can go for staking or whatever you choose.

[molsewid]

Indeed saving money in bank preserves our money for us. But the issue with keeping your money in the bank is that you are hardly getting anything. Staking can be more profitable and risky at the same time. You can make good profit from staking your cryptocurrency, and even more as the true value of the asset you have staked continues to increase. But when that is not the case, it would be the opposite which is  a loss due to the true value of the asset you are holding decreasing.

But, majority of the people would always prefer to stake their money than just leaving it in the bank and making nothing. Although as usual you will always need to have some part of it saved in the Bank, while another part can go for staking or whatever you choose.

For me the essence of saving money in the bank is for savings only that you can have the opportunity to withdraw it anytime your money is needed but if you are putting your money in a system and hoping for it to grow then staking is the best option. In my case I didn't put my money more on a bank if I know that I would keep it here for a three months or more because if I put it on staking within this expand of time there will be the probability to grow.

[blockman]

There's no brainer if we do compare out bank interest to APY which been offered with staking with altcoins which you do say that most of them are scams and the rest do really fails. 5-10% APY is really realistic

but offering above those numbers are basically not really that suggestable for you to engage on and as been said or mentioned that its price would be crashing until you do end up on earning nothing or peanuts.

Its never been recommended to consider out staking as a good way of investing considering the duration and risk involved into it.

Up to 16% is still fine because I've seen legitimate exchanges that do offer that APY for staking some specific tokens and coins. The risk on it is that your fund is on exchange.
And you know what comes with that risk when you don't hold the keys and that's going to be on the exchange's jurisdiction and you'll never know if they've been casually checking their security for loopholes.

[Ultegra134]

With APY no more than 10% per year then I think there is no interesting thing about Banks, it's better to invest in Crypto then we use it for staking, although binance gives APY 6% but we hope that a fantastic price increase is more important than the APY staking We get it.

A few weeks ago, I put a decent sum of money on UST-BUSD, it had 30-40% APY back then, now it has fallen to 5-10% and I'll possibly switch to another vault. However, Beefy now has a BUSD vault on Binance Smart Chain, featuring 13.39% (or 0.0319% daily), it was around 35% a few days ago, but it seems to have lowered now.

There are plenty of other options as well, if you check other networks too.

Those type of things lower because more people put money into it. The outcome is always the same, the return is almost always the same, what changes is the amount of people who got in. Solets say that daily it will distribute 100 bucks, it will always be 100 bucks and it will not change alright?

In this example, if we have 10 bucks invested into it, then each dollar will get back 10 dollars back, but if we have 100 dollars than each dollar will get another dollar back. This is what happens when APY drops, the distributed amount is the same but invested amount is lower. This results with lower APY and usually proves you that you are investing into a trusted pair for sure.

Things have gone pretty stale on Binance Smart chain the past few weeks, I'm now planning to move some funds to another network, since APYs have severely decreased on the vaults I was interested in. The Fantom network has some pretty interesting ones, with over 50% APY on stablecoins.

[tygeade]

Things have gone pretty stale on Binance Smart chain the past few weeks, I'm now planning to move some funds to another network, since APYs have severely decreased on the vaults I was interested in. The Fantom network has some pretty interesting ones, with over 50% APY on stablecoins.

Just because the APY is lower, doesn't mean that it is not profitable, nor does it mean it shouldn't be invested. Main reason why the APY is lower is the fact that there are a lot more people investing into it. If you are using stablecoins then the low APY is understandable and you should focus on something else, but if the APY is based on some good token or coin, like for example Cake or BNB ones? Then you could still keep it because it could go up as well.

I personally still hold all my BNB and Cake staking because in the end we are going to end up earning from the staking rewards, but also from the increase in price. I do not trust other networks for the price reason, even though staking rewards could be higher.

[Oilacris]

Things have gone pretty stale on Binance Smart chain the past few weeks, I'm now planning to move some funds to another network, since APYs have severely decreased on the vaults I was interested in. The Fantom network has some pretty interesting ones, with over 50% APY on stablecoins.

Just because the APY is lower, doesn't mean that it is not profitable, nor does it mean it shouldn't be invested. Main reason why the APY is lower is the fact that there are a lot more people investing into it. If you are using stablecoins then the low APY is understandable and you should focus on something else, but if the APY is based on some good token or coin, like for example Cake or BNB ones? Then you could still keep it because it could go up as well.

I personally still hold all my BNB and Cake staking because in the end we are going to end up earning from the staking rewards, but also from the increase in price. I do not trust other networks for the price reason, even though staking rewards could be higher.

Would really be that common sense that you would be sticking into popular coins that had already established and had been able to test with time or simply had been on this market for a while

on which you could able to determine and see on how they do perform and able to see on how many had been supporting it.Its true that the more people who are engage to it then the lower
APY but its true that it doesnt mean that it would be a bad idea on engaging into it.ITs better to have this one compared into those high APY but in speaking with risk then you cant
really make out some assurance.

[iged_war]

Yes  I still have Bank Savings till now but at least that is just a tip of the ice berg from how much i have in my crypto savings, Staking? yeah i am onto it but In Binance only , that is the only staking place where i trust more than anything.
i tried others in the past but I did not get what seems to be promised so i focus in staking in binance up to now.
Bank interest is far lower than what i can take in staking but at least I wanna make sure that I am ready in everything that would happen in the future.

binance still be best exchanges staking platform due its reputation handling hacking case in the past.with SAFU we should not worry if have any assets there, and staking on binance could best decision we mad. if compare on bank saving return and stakin in cryptocurency, its totally different,we have huge gap here.

[Pejoh Asu]

Of course, comparing interest banks with staking such as comparing ants and elephants, in my country, banks only give about 10%, whereas now many stakes are giving up to hundreds or even thousands of percent, and this is what makes me prefer to make staking as a top priority for Earning and farming money.

[stepwilli]

I would always go with staking at all possible times. You don’t even make profit by saving in the bank. And if you even make anything at all from bank savings, it’s not going to be anything reasonable.

So, it is not something that I would consider as an investment. Staking is far much better than it. Except if you are talking about bonds, but even investing money in bonds are not really worth it for me because the profit you would be getting isn't going to be that much compared to what you can possibly gain from staking cryptocurrencies. There are so many good coins that you can stake and make reasonable amount of profit from them before the year runs out.

[iv4n]

Of course, comparing interest banks with staking such as comparing ants and elephants, in my country, banks only give about 10%, whereas now many stakes are giving up to hundreds or even thousands of percent, and this is what makes me prefer to make staking as a top priority for Earning and farming money.

I like the ones between 20 - lower than 100% APY! Hundreds or even thousands percent APY is just too good to be true! I guess it's ok if you catch some projects in the early days, I saw some of them offering good APY to attract people, but even that is risky, it's not so easy to find a solid staking project with high APY that will last! It's ok to try it with some amount you won't regret losing, but I wouldn't trust in staking with over 100% APY with some serious money!

[Oasisman]

Of course, comparing interest banks with staking such as comparing ants and elephants, in my country, banks only give about 10%, whereas now many stakes are giving up to hundreds or even thousands of percent, and this is what makes me prefer to make staking as a top priority for Earning and farming money.

Really?? What kind of project does it gives a thousand or even hundreds of percent yearly return in staking?
Your bank is a very generous too, coz here in my country there is only 1% below interest rate on your savings account.
That's such ridiculous number. I don't know, I'm not a bank expert but If there is something that a bank gives 10% APY, I guess that falls under a specific term and that would be close to investing rather than savings.

[tabas]

Of course, comparing interest banks with staking such as comparing ants and elephants, in my country, banks only give about 10%, whereas now many stakes are giving up to hundreds or even thousands of percent, and this is what makes me prefer to make staking as a top priority for Earning and farming money.

Do you really trust those projects that are giving more than a hundred to thousand of percent APY? They're too good to be true. A bank that gives out 10% is actually good already and someone who has a large fund can rely already on that bank for his other investment.
That's going to be my retirement plan to just invest it into a place where it's going to grow 10% of APY or even a little bit higher but it's for a high amount that I'm saving.

[btc_angela]

Of course, comparing interest banks with staking such as comparing ants and elephants, in my country, banks only give about 10%, whereas now many stakes are giving up to hundreds or even thousands of percent, and this is what makes me prefer to make staking as a top priority for Earning and farming money.

Really?? What kind of project does it gives a thousand or even hundreds of percent yearly return in staking?
Your bank is a very generous too, coz here in my country there is only 1% below interest rate on your savings account.
That's such ridiculous number. I don't know, I'm not a bank expert but If there is something that a bank gives 10% APY, I guess that falls under a specific term and that would be close to investing rather than savings.

Yes, I think that is pure exaggeration. Definitely when this whole staking began, those projects are offering huge APY to attract investors. But as soon as the market is saturated, then slowly bring it down.

So to be safe, anyone should go to a bank if they don't want to take a huge risk on this whole staking crypto games right now.

[Abiky]

Just because the APY is lower, doesn't mean that it is not profitable, nor does it mean it shouldn't be invested. Main reason why the APY is lower is the fact that there are a lot more people investing into it. If you are using stablecoins then the low APY is understandable and you should focus on something else, but if the APY is based on some good token or coin, like for example Cake or BNB ones? Then you could still keep it because it could go up as well.

I personally still hold all my BNB and Cake staking because in the end we are going to end up earning from the staking rewards, but also from the increase in price. I do not trust other networks for the price reason, even though staking rewards could be higher.

Believe me, coins with a low APY have a lower investment risk than those who not. Especially those that aren't dubbed as "stablecoins". With low interest rates, prices will become relatively stable than all the other way around. If we were to compare between staking and saving money at a bank, we'll notice that staking is much more beneficial to our pockets. That's because the returns are higher with staking crypto than just saving money at a bank.

Decentralized Finance ("De-Fi") is already making strides in the mainstream world, so I wouldn't be surprised if banks adopt the revolution in order to stay ahead of the game. While banks won't go anywhere soon, "De-Fi" will certainly make an impact in the Fintech space. Expect staking to become more popular as crypto takes the world by storm. Just my thoughts