Desscount
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1386
Merit: 101
ComboLabs
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2022, 03:46:17 PM |
|
Staking on stable coins is indeed safe, but we also have to choose the platform, of course one of the best platforms right now is Binance, because there stable coins have high APY like BUSD has almost 5% APY, of course I think it's a good choice if want to stake on Binance.
|
|
|
|
topman21
Legendary
Offline
Activity: 1176
Merit: 1056
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2022, 04:01:51 PM |
|
UST was their stable coin on the Luna platform. But UST was a junk coin.Due to which the Luna platform became completely destroyed.A fear crept into the people since this UST stubble became annihilation.They are also afraid of various stablecoins. USDT USDC and BUSD are all coins they are afraid to invest or save.But you can certainly stack or save USDT USDC and BUSD at a specific APY.But you won't have any ricks but will get a lot of profit.
|
| . SECONDLIVE | | | │ | | | | | | │ | | | | ▄▄███████▄▄▄ ▄▄████████████████▄▄ ██████████████████████▄ ████████▀▀▀██████████████ ███████▌ ▀█████████████ ████████▀ ▀▀▄▄██▀▀▀██████████ ███████ ▀████████ ███████▄ ████████ ████████▄▄ ▄████████ ███████████▄▄▄▄██████████ ▀█████████████████████▀ ▀████████████████▀▀ ██████████████████████ |
|
|
|
Oneandpure
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2022, 04:11:03 PM |
|
Stablecoin stays the same without any change, USDC, USDT or BUSD is not the same as UST they are much more secure with UST. As for the choice of platform to bet on, I think it will be impossible to trust any other platform than binance, after the mass collapse of lending platforms. Although APY will not be as high as other platforms but at least it gives us a more secure feeling with our assets.
Have different APY reward when staking between stable coins like USDC, USDT or BUSD than with Terra Luna network stable coins UST, many people got much losing when staking on UST stable coin after price drop drastically last several months. I think keep safety when staking with stable coins have guarantee with their exchange volume and they have support with their exchange market platform like BUSD for Binance market. Still can't believing with other platform for staking stable coins except with Binance stable coins as BUSD than other stable coins kinds, ever last several weeks USDC drop few percent although success reach back and have the same price with BUSD as Binance stable coin. My view with under 10% APY reward for staking stable coins why not try deposit in the bank not have any different percentage given than stable coin.
|
| │ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███▀▀▀█████████████████ ███▄▄▄█████████████████ ███████████████████████ ███████████████████████ ███████████████████████ █████████████████████ ███████████████████ ███████████████ ████████████████████████ | ███████████████████████████ ███████████████████████████ ███████████████████████████ █████████▀▀██▀██▀▀█████████ █████████████▄█████████████ ████████▄█████████▄████████ █████████████▄█████████████ █████████████▄█▄███████████ ██████████▀▀█████████████ ██████████▀█▀██████████ ▀███████████████████▀ ▀███████████████▀ █████████████████████████ | | | O F F I C I A L P A R T N E R S ▬▬▬▬▬▬▬▬▬▬ ASTON VILLA FC BURNLEY FC | │ | | │ | | BK8? | | | █▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . PLAY NOW | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ |
|
|
|
Fredomago
Legendary
Offline
Activity: 3080
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2022, 05:53:36 PM |
|
Now the APR rate of stablecoins has reduced further . a month ago i seen Binance offer 10% interest for USDT & BUSD. but now thay reduced for 2% and make 8% APR. if we compare with our central bank interest then stable coin interest rate still good. coz our central bank offer us 5-6% of interest with huge terms & condition and Government vat .
Ouch, that was a big cut there but I wonder what is the reason for that deduction? I think with the past bad experience of some stable coins, they should increase their rates, that is for the people to get attracted again because many of them are like the OP now who are now skeptical about investing or staking their stablecoins online but anyways you're right that it is still better than the rates which banks are always offering and other than that, banks are also much riskier to the fact that they can freeze, restrict and use your funds without your consent. Situations between stable coins and staking platforms are seem to be stable now. The OP can get back on action again. Though it cut some percentages, it's still good for passive profits, instead of letting your money sleep in your bank which only give you lesser APY, you just need to learn and understand both risk and the possibilities of the amount your money will grow, plus all the security of the platform that you will going to deposit your money. Not bad for the APY. You are doing nothing but just waiting and trust the system and if the situation permits you to hold, expect an increase from your initial deposit.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
mdzahed134
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2184
Merit: 259
PredX - AI-Powered Prediction Market
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2022, 06:14:31 PM |
|
Now the APR rate of stablecoins has reduced further . a month ago i seen Binance offer 10% interest for USDT & BUSD. but now thay reduced for 2% and make 8% APR. if we compare with our central bank interest then stable coin interest rate still good. coz our central bank offer us 5-6% of interest with huge terms & condition and Government vat .
Ouch, that was a big cut there but I wonder what is the reason for that deduction? I think with the past bad experience of some stable coins, they should increase their rates, that is for the people to get attracted again because many of them are like the OP now who are now skeptical about investing or staking their stablecoins online but anyways you're right that it is still better than the rates which banks are always offering and other than that, banks are also much riskier to the fact that they can freeze, restrict and use your funds without your consent. Situations between stable coins and staking platforms are seem to be stable now. The OP can get back on action again. As for the choice of platform to bet on, I think it will be impossible to trust any other platform than binance, after the mass collapse of lending platforms. Although APY will not be as high as other platforms but at least it gives us a more secure feeling with our assets. Binance offering 8% APY in USDT, but i see in the other exchanges Stable coin APY is higher than Binance but i'm not only looking for high APY because where you will keep your assets it’s very important. Right now, i staked my stable coins on the Binance, because it’s my first priority where i feel enough secure then other exchanges.
|
|
|
|
JohnBitCo
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2022, 06:27:08 PM |
|
Staking on stable coins is indeed safe, but we also have to choose the platform, of course one of the best platforms right now is Binance, because there stable coins have high APY like BUSD has almost 5% APY, of course I think it's a good choice if want to stake on Binance.
It's your personal choice as i feel that staking rewards are very low as compared to active trades rewards. If i had a lot of stablecoins, i would rather try to trade them with altcoins and gain nice profits. I would not stake them to earn some very low passive income.
|
|
|
|
Ultegra134 (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2022, 09:24:21 PM |
|
Staking on stable coins is indeed safe, but we also have to choose the platform, of course one of the best platforms right now is Binance, because there stable coins have high APY like BUSD has almost 5% APY, of course I think it's a good choice if want to stake on Binance.
It's your personal choice as i feel that staking rewards are very low as compared to active trades rewards. If i had a lot of stablecoins, i would rather try to trade them with altcoins and gain nice profits. I would not stake them to earn some very low passive income. That's understandable. Staking stablecoins offers minimal risk, but you can't expect to yield massive results. Altcoin trading is way riskier and not many people are willing to take such a gamble. Personally, I do not do either. I'd rather find a steady source of income than constantly be on the edge of my seat. If I were to use this kind of money, I'd rather buy Bitcoin at least, in order to have some peace of mind. Supposing you have a decent amount of money, staking on Beefy or similar will provide you with a relatively decent passive income, since its interest isn't in tiers, compared to Binance, so the APY is applicable to the whole amount you've deposited. Some stablecoin vaults are riskier than others, providing you with a higher APY than the BUSD/USDC/USDT ones, which look like the middle ground for investments. In the upcoming days, I'll distribute 30–50% of my funds on the following smart contract: https://app.beefy.com/vault/ellipsis-busd-jchf.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
len01
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 30, 2022, 06:27:17 AM |
|
Now the APR rate of stablecoins has reduced further . a month ago i seen Binance offer 10% interest for USDT & BUSD. but now thay reduced for 2% and make 8% APR. if we compare with our central bank interest then stable coin interest rate still good. coz our central bank offer us 5-6% of interest with huge terms & condition and Government vat .
Ouch, that was a big cut there but I wonder what is the reason for that deduction? I think with the past bad experience of some stable coins, they should increase their rates, that is for the people to get attracted again because many of them are like the OP now who are now skeptical about investing or staking their stablecoins online but anyways you're right that it is still better than the rates which banks are always offering and other than that, banks are also much riskier to the fact that they can freeze, restrict and use your funds without your consent. Situations between stable coins and staking platforms are seem to be stable now. The OP can get back on action again. I think stable coin staking is safe that's why i am always keep my money on cryptocurrency as stablecoin and i stake my stable coin on Binance . here i can redeem any time instantly if i want or if i need money as emergency purpose . so i think stablecoin staking is still safe and profitable but keep in mind that all of that has a risk that we can take the example of the UST stable coin which has now become a useless junk coin. i think you may have chosen a safe stable coin like USDT which has been recognized for a long time. but at least do some research before staking on stable coins to avoid this ever happening. and even now i also stakin stable coins on binance which i believe is safer without a doubt
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
d3nz
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 30, 2022, 10:45:30 AM |
|
Now the APR rate of stablecoins has reduced further . a month ago i seen Binance offer 10% interest for USDT & BUSD. but now thay reduced for 2% and make 8% APR. if we compare with our central bank interest then stable coin interest rate still good. coz our central bank offer us 5-6% of interest with huge terms & condition and Government vat .
Ouch, that was a big cut there but I wonder what is the reason for that deduction? I think with the past bad experience of some stable coins, they should increase their rates, that is for the people to get attracted again because many of them are like the OP now who are now skeptical about investing or staking their stablecoins online but anyways you're right that it is still better than the rates which banks are always offering and other than that, banks are also much riskier to the fact that they can freeze, restrict and use your funds without your consent. Situations between stable coins and staking platforms are seem to be stable now. The OP can get back on action again. I think stable coin staking is safe that's why i am always keep my money on cryptocurrency as stablecoin and i stake my stable coin on Binance . here i can redeem any time instantly if i want or if i need money as emergency purpose . so i think stablecoin staking is still safe and profitable but keep in mind that all of that has a risk that we can take the example of the UST stable coin which has now become a useless junk coin. i think you may have chosen a safe stable coin like USDT which has been recognized for a long time. but at least do some research before staking on stable coins to avoid this ever happening. and even now i also stakin stable coins on binance which i believe is safer without a doubt I've been staking my altcoins on Binance for a very long time and I would say that they offer a good percent of interest depending on the altcoin that you want to stake and hold it on them for a long period of time. Just don't trust some of the staking program that offer HYIP investment and too good to be true and surely it will be a scam after the accumulated a lot of altcoins.
|
|
|
|
hashrateproducts
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 560
Merit: 143
Active 24/7
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 30, 2022, 11:49:13 AM |
|
I've been staking my altcoins on Binance for a very long time and I would say that they offer a good percent of interest depending on the altcoin that you want to stake and hold it on them for a long period of time. Just don't trust some of the staking program that offer HYIP investment and too good to be true and surely it will be a scam after the accumulated a lot of altcoins.
Staking with the wrong choice of HYIP are mostly scams and will take away all your stable coins. Many people have been victims of these manipulation and they have realized their mistakes while the new ones who are eager to make quick good returns on there coins ends up been scammed. Staking with the right choice brings profits but not that big, although it depends on the coin one is staking on. Binance is top exchange when it comes to trading and storing coins for long-term purpose.
|
Free space
|
|
|
newdevices
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 30, 2022, 10:30:38 PM |
|
I think staking stable coins is just a waste of time because the APY is only a few percent, and what I've seen is Binance can reach 5%, I think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.
|
|
|
|
Wintersoldier
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 01, 2022, 02:57:21 AM Last edit: October 02, 2022, 10:06:38 AM by Wintersoldier |
|
Staking stablecoins, for now, is an excellent idea. However, due to the large dump that happened since the ATH, I would recommend to DCA for the potential of several X of return while also earning from staking. One that I would like to recommend $Rose token which is the token that the Oasis Protocol Network uses. They offer up to 20% APR and your chance for several X of return is huge provided that they are the leading privacy-enabled and scalable layer-1 blockchain network to propel Web3 forward. Have a great day OP!
|
|
|
|
uneng
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 01, 2022, 03:19:17 AM |
|
When staking stable coins you must keep in mind your money isn't really growing, because your purchasing power is decreasing due to inflation much more than the APY they are paying you. Let's say you earn 10% yearly on your stable coins through Binance or any other platform, while the prices of the products at the supermarket are increasing much more than 10% on that same time period. In the end it doesn't worth to expect return over your stable coins. Better to invest in bitcoin and main altcoins expecting some nice returns in few years, while also earning interest over them if you wish.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
adzino
Copper Member
Hero Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 01, 2022, 04:25:18 AM |
|
You don't actually "stake" those stable coins. All most all stable coins can't be staked. What you do is actually lend your coins to the exchange and they use your coins different purposes and share a percentage with you.
The UST "stable" coin wasn't backed by any real world assets like USDT is backed. It was an algorithmic stable coin and there were people already claiming that UST is going to fail soon and that is exactly what has happened. You shouldn't be worried about USDT or USDC failing because they all are backed by real money and treasuries and is regulatory complaint. You should be more worried about leaving your coins in an exchange.
|
|
|
|
cryptobadshah
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 756
Merit: 16
BIB Exchange
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 01, 2022, 06:24:47 AM |
|
Holding and staking stable coins carries risks always remember these two pegs pose risks stable coins may lose their peg reducing their value the second danger is related to the investment platform we may have 10.000 on a platform that's hacked or goes bankrupt since the funds aren't insured we may lose everything before investing in any crypto exchange mentioned in this essay conduct your own homework do not use Celsius as of today stable coins are safer than other cryptocurrencies but their safety depends on how they're backed the issuer and future legislation The safest option should be chosen I didn't feel confident staking stable coins.
|
|
|
|
Cuda911
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 110
Merit: 11
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 01, 2022, 06:38:35 AM |
|
Stable coins are the safest for staking, you don't have any reason to be scared of volatility like BTC and others but make sure you pick the safest stable coins too, you don't want something like Luna uST to happy to you so go for something like BUSD , in fact I believe BUSD is safer than the other.
|
|
|
|
CuriousGeorge
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1498
Merit: 251
KUWA.ai
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 01, 2022, 07:43:59 AM |
|
I think staking stable coins is just a waste of time because the APY is only a few percent, and what I've seen is Binance can reach 5%, I think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.
It's not waste of you if you aware about how to play it. I meant you must also aware about this the fact that if you wanna get huge return from staking and then you must provide more capital. How much return will depend on your capital. If you are having huge capital and then %5 will give you lots of money. If you are using only a few bucks and don't expect to get a big return. This is easy to calculate
|
|
|
|
JohnBitCo
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 01, 2022, 08:29:33 AM |
|
I think staking stable coins is just a waste of time because the APY is only a few percent, and what I've seen is Binance can reach 5%, I think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.
It's not waste of you if you aware about how to play it. I meant you must also aware about this the fact that if you wanna get huge return from staking and then you must provide more capital. How much return will depend on your capital. If you are having huge capital and then %5 will give you lots of money. If you are using only a few bucks and don't expect to get a big return. This is easy to calculate Also, you need to know where you are staking huge amounts of stable coins. There is a risk involved in staking coins on centralized platforms. This is not so simple as let's suppose you stake a lot of stable coins on an exchange and later that exchange scams or you are unable to withdraw. Do full preparation for all scenarios before you decide to stake many coins.
|
|
|
|
BobK71
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 01, 2022, 02:22:19 PM |
|
The point is that staking is more profitable than we save money in banks that do not get anything, in my country keep money that is less than $ 100k, so only get 4%bank interest, if deducted, admin and so on may only be 3%, in contrast to free staking any cost so it is more profitable
If you get more from staking than keeping money in bank is not worthy. Because it is in your complete own control. You can convert it to fiat at any time by taking necessary steps. There is no alternative to stable coins to protect against volatility. Staking on various platforms has the advantage of holding these stable coins. But staking should not be done on any risky platform to get more.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Ultegra134 (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 01, 2022, 03:59:31 PM |
|
The point is that staking is more profitable than we save money in banks that do not get anything, in my country keep money that is less than $ 100k, so only get 4%bank interest, if deducted, admin and so on may only be 3%, in contrast to free staking any cost so it is more profitable
The government was giving you guarantee if there would be something happened with your money unlike when you are staking in the crypto where government gives no gaurantee caused by it's not affiliate with the organization that owned by the regulators. You can get more but remember the risk is also high compared when you are taking the interest from the bank which gives more comfortable caused by regulation. You're in a cryptocurrency forum suggesting that banks provide you with a guarantee for your savings, and for that reason, staking is unprofitable and not worth the risk. I don't know where you guys find such bank interests, because here even locked time deposits do not provide you with more than 0.10% interest. Even the bank's investment programs do not offer a guarantee for your funds, with most of them offering petty APYs compared to cryptocurrencies and DeFi. Only deposits are protected, which won't yield more than a few euros per year. The most I've received is 2 euros every 3 months, having the triple money compared to Binance's savings option. There are no guarantees when it comes to investing. That's the only way to battle rising inflation. If your money is sitting in the bank, it's losing value every year.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
|