New to staking - is this worth it?

[Rengga Jati]

The APY for staking this crypto is 18.25% - is this worth doing or due to the fee am I just better off holding?
I plan to hold for 18-24 months.

In my opinion, there are some factors that you must consider before staking your tokens (Verasity (VRA)).
- Is the staking platform trusted and reputable? You need to check and analyze the platform to minimize the risks of scams or even closed platforms because you are going to stake for long term
- Is the token (Verasity (VRA)) exactly worthy of holding? I mean are you sure that this token has a high chance to rise up again in the next bullish era (maybe 2 years ago)? because if the token cannot survive during this bearish market era and cannot rise up in the next bullish era, this may mean that you may lose your funds after the time you are ended of staking
- Commonly, if you are staking the token in a certain period, you will not be able to withdraw them before the period of staking ends, right? Have you considered about this?
If you have understood about this and you are readyw itha ll the risks, just go for it.

[1714550832]

1714550832

[1714550832]

1714550832

[1714550832]

1714550832

[1714550832]

1714550832

[1714550832]

1714550832

[uneng]

I wouldn't trust in such interest rates being guaranteed. 5%-6% annually is usually what most investments can return, now imagine 18,5%. There is something catchy between the lines... Don't expect 18,5% profit, because when the interest is too high, it means the currency is going to lose a lot of value as the time goes by, so the interest received compensate the devaluation of the token. Similar to countries paying high interest on saving accounts annually, but with high inflation rates at same time. They give with one hand and take away with the other.

If besides the interest rate there is nothing else this cryptocurrency offers to you, I think it's better to not invest.

Honestly, 18.5% is very attractive, and greedy people will think I'll be earning huge if I invest and staked. But, they never think about the risk of such an idea, as it was likely impossible for the company to offer such huge rewards to the holder which in fact, they are just about to start, unless if they are a well-established company.

Yes, it's very attractive, and that is the main reason why people should be thinking about the risks with even more attention and suspicion, because 'there is no such thing as a free lunch', as people usually say. But as you said, invsetors get greedy and think they can easily turn small sums of money into millions by investing on these hyips, as they don't have patience to go through realistic methods, or due to they thinking there isn't enough lifetime anymore to invest in projects and platforms which offer inferior interest rates, since it will take too long until making considerable profit, so they can enjoy it.

[electronicash]

do not stake inside an exchange you will not be able to take it out any time.

staking is wroth  if you have a ton to invest on the coin. I have no idea with VRA but there are many tokens that is worth staking. Cardano seem to be worth it because right now there are many developers moving there and mostly doesn't need investing but ISPO.

[Fundamentals Of]

I am not a fan of staking. Others may have a favorable experience with staking, but I don't think it is worth the risk. Especially in the past weeks when the news are full of stories about custodial services which include staking products that failed. There are also hacks and rug pulls.

The risk is not worth taking. I would rather keep my coins with me. I prefer hodling even if its doesn't give me annual yield. With staking, anything could happen to your coins because they're not under your control.

[posi]

do not stake inside an exchange you will not be able to take it out any time.

Staking or placing money on centralized exchanges is risky

staking is wroth  if you have a ton to invest on the coin. I have no idea with VRA but there are many tokens that is worth staking. Cardano seem to be worth it because right now there are many developers moving there and mostly doesn't need investing but ISPO.

This is one more risk we see and I believe OP researched all of the above to decide to enter staking on this VRA token. As long as the OP has done his own research and accepts the risks he may take with his decision, he can invest wherever he chooses. ADA looks like a good coin but I bet he wouldn't choose it over VRA.

[Wexnident]

Don't stake if it wants you to do it on an exchange or if the amount you staking is rather low. It'd be better to stake if you have a huge amount of that certain coin and then stake them if you're not particularly doing anything (shorting) with it. Also the APY being 18% seems kinda doubtful. You're free to stake it but make sure you can immediately withdraw whenever you want so that you can avoid getting taken advantage of so you can still leave/sell at a profit if needed.

[tvplus006]

Have just bought £100 worth of Verasity (VRA) which got me 24500 total...

The profit received from staking will be noticeable only if you place a large amount of money. To buy and then hold coins for 2 years in order to get a profit of 37% in VRA coins may turn out to be unprofitable, since the value of the coin may decrease several times. Thus, the profit received from staking may be less than the amount of losses received from the depreciation of the VRA.

[Note3]

I think I am going to go for it having had a look at their requirements there is no locked period which is pretty good.

the locked period is not the only thing you have to consider there are other things for example the 3rd party where you stake the coin is hacked then you will also lose your coins, why force yourself to stake the coin keeping it private is much safer where you have it control

I have read it is pretty safe staking with their official wallet.

I either stake it with their wallet or leave it on Kucoin and who knows if there is a problem with Kucoin in the future?

It is starting to feel like holding your crypto anywhere but a hardware wallet is not safe at all.

How can you think hardware wallets are not safe? it will be unsafe if you carry it around with you everywhere you go but its not a possibility of being hacked just being unsafe because it might lose the device.
You should read every member's review here regarding your question and you will find that staking is not only unsafe because your staking place is hacked but you get nothing because in bear times a lot of bad things can happen

[Kelvinid]

The APY for staking this crypto is 18.25% - is this worth doing or due to the fee am I just better off holding?

Don't get me wrong but you are trying to risk your money on a nonpotential project with also having an unrealistic return. Am I saying this why? It is because it was a special offer, far different from the others as even known and the potential projects can't even give that compensation how much more this project that is not working already. As I understand this, they give this offer to make visibility in the market but the question is if they could spend that much on their clients and stakeholders? Or just twist the rewards or simply leave the market (exit scam).

[JamesDaniel90]

I have decided not to stake for now and just hold.

On the site they say there is no locked period however it does take 72 hours once I decide to unstake to get my funds and a lot can happen in 72 hours.

I will just hold for now.

[Maidak]

Have just bought £100 worth of Verasity (VRA) which got me 24500 total...

The profit received from staking will be noticeable only if you place a large amount of money. To buy and then hold coins for 2 years in order to get a profit of 37% in VRA coins may turn out to be unprofitable, since the value of the coin may decrease several times. Thus, the profit received from staking may be less than the amount of losses received from the depreciation of the VRA.

If you want to make a significant profit in staking, in addition to having a large amount of money, you also have to choose a good coin like BNB or ETH. Because over time their value remains guaranteed and doesn't depreciate, if you stake on shit coins for a long time and shitcoin's price drop makes your stake a loss rather than a profit. Hope OP thought twice before staking on VRA and it won't be a shitcoin.

[RussianEnglishTranslation]

I don't know much about VRA but many POS projects, like ICP, give stakers rewards of up to 20%, so that's not unheard of. I think ICP has a larger marketcap and is a safer investment than VRA though.

[batang_bitcoin]

I have decided not to stake for now and just hold.

On the site they say there is no locked period however it does take 72 hours once I decide to unstake to get my funds and a lot can happen in 72 hours.

I will just hold for now.

There are those type of rules that you have to decide whether you'll go for it or not if you really want to stake. You can compare most of the staking platforms and mycointainer.com then if you're still interested in staking not just with the said altcoin, you can check all of those rates and just choose what's genuine. And if that's what you've decided to do, that's okay since you've said "for now" means that you can change your mind the soonest. There really are different rules and regulations per platform about staking.

[rojan]

Hi,

Have just bought £100 worth of Verasity (VRA) which got me 24500 total.

I have just gone to withdraw this to stake elsewhere but noticed there is a fee of 1500 VRA.

The APY for staking this crypto is 18.25% - is this worth doing or due to the fee am I just better off holding?

I plan to hold for 18-24 months.

If anyone could advise on the above or on staking in general if it is worth it.

Thanks

Staking is a good way to earn money and it will also help you to hold your token long time and you can also get huge profit if you hold token long time. But you have to must stake a good coin and that company must be trusted. And if you stake your coin on any Third party website then it will not safe and you haven’t any control on it. But if you stake your coin on official website then is is safe.  Remember do not stake any shit coin then you will lost your money

[Shasha80]

Hi,

Have just bought £100 worth of Verasity (VRA) which got me 24500 total.

I have just gone to withdraw this to stake elsewhere but noticed there is a fee of 1500 VRA.

The APY for staking this crypto is 18.25% - is this worth doing or due to the fee am I just better off holding?

I plan to hold for 18-24 months.

If anyone could advise on the above or on staking in general if it is worth it.

Thanks

Staking is a good way to earn money and it will also help you to hold your token long time and you can also get huge profit if you hold token long time. But you have to must stake a good coin and that company must be trusted. And if you stake your coin on any Third party website then it will not safe and you haven’t any control on it. But if you stake your coin on official website then is is safe.  Remember do not stake any shit coin then you will lost your money

Although the profits obtained from staking are not as big as trading or long-term investments. However, staking is an alternative that I recommend
for newbies who want to get passive income from crypto. Because we don't need good analytical skills and we don't need to monitor the market too
often if we want to stake. We just need to choose a trusted platform that already has a good reputation, after that make sure we only staking
on popular coins. And most importantly never try staking on shitcoins, because as we know shitcoins often end up as scams, so don't let us lose
money in vain because we take the risk of staking on shitcoins.

[tvplus006]

Staking is a good way to earn money and it will also help you to hold your token long time and you can also get huge profit if you hold token long time. But you have to must stake a good coin and that company must be trusted. And if you stake your coin on any Third party website then it will not safe and you haven’t any control on it. But if you stake your coin on official website then is is safe.  Remember do not stake any shit coin then you will lost your money

Staking will bring profit if you are in a bull market, otherwise you will not only not earn, but also lose your savings from the depreciation of the coin that is in the staking. Thus, in order to get a guaranteed profit, you need to place stablecoins, which should keep their value in the bear market.

[usekevin]

Staking is good idea to get huge new launched coin for longer period.Based on your holdings usdt,you will get good amount of the tokens.The staking token will credits every day to your wallet.But the bad one is you can’t trade on the same day.After the period mentioned,you can’t sell that tokens.Because holding of token need you huge patience,which gives huge profit to you.

[fullhdpixel]

The APY for staking this crypto is 18.25% - is this worth doing or due to the fee am I just better off holding?

Don't get me wrong but you are trying to risk your money on a nonpotential project with also having an unrealistic return. Am I saying this why? It is because it was a special offer, far different from the others as even known and the potential projects can't even give that compensation how much more this project that is not working already. As I understand this, they give this offer to make visibility in the market but the question is if they could spend that much on their clients and stakeholders? Or just twist the rewards or simply leave the market (exit scam).

That is literally what half of crypto is doing right now. Many people are looking at projects that are definitely not a big potential and look scammy, and hope for the best in the future. I personally invested into a few of them back in the day, $100 in, $10 out type of stuff.

It's fine and I do not mind it because I knew that I was taking a risk there. I can see why it is not doing great and why people are worried about it, but that doesn't change the fact that we can't make a big deal out of this and hope that all of our wealth would come this way. These are risky small time things where you invest only a small amount and realize you will most likely lose it all.

[ilovealtcoins]

Ignoring the quality factor of the project, it is advisable to stake to increase the number of coins held. but you should consider whether your coin really has the potential and the ability to bring you profits. Is the coin you are referring to listed on any major exchanges and have you done any research. Don't just look at the profit it pays you but invest blindly.

[LastKiss]

Hi,

Have just bought £100 worth of Verasity (VRA) which got me 24500 total.

I have just gone to withdraw this to stake elsewhere but noticed there is a fee of 1500 VRA.

The APY for staking this crypto is 18.25% - is this worth doing or due to the fee am I just better off holding?

I plan to hold for 18-24 months.

If anyone could advise on the above or on staking in general if it is worth it.

Thanks

Well, if you can hold that long enough then is not a really bad idea tho, since we don't know when this bear market end so it's better to increase our holding right. There are some platforms that I remember that didn't take that much fee and I assume that APY from every site can change depending on their rules. Holding is not a bad idea too since when holding you will have 100% control of your funds. Both of them have their own advantages with their own risks so think carefully.