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Author Topic: Now it's time for staking  (Read 465 times)
MidNite36 (OP)
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September 19, 2022, 01:37:15 PM
 #1

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
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September 19, 2022, 01:55:44 PM
 #2

When the market situation is no more a problem, it is time for you to accumulate as much possible. The focus is long term profiting, it is good to stake leading cryptocurrencies on the market. Now ethereum too have got into the list. This will bring good return in the long run. Whenever you prefer staking over holding, it is good to choose the right platform. According to be Binance exchange have provided with various staking features that give priority in different launch programs.

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September 19, 2022, 02:06:24 PM
 #3

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

You can only stake Bitcoin on centralized exchange because DeFi only accepts token native on there blockchain not unless you are open to use WBTC and other pegged Bitcoin tokens on different blockchain.

Binance is the CEX to stake both Bitcoin and USDT on there earn page. They have flexible or 30 days period staking that suitable to what you are looking for. Just don’t expect a high APR because you are using a less volatile coin unlike altcoins.

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September 19, 2022, 02:12:36 PM
 #4

One that I know is Waves, they distributes earnings every month. Its not a top altcoin however but if you have a huge capital I think it will be worth recieving while you make money just by staking. Its far from SEC's scrutiny afaik.

ADA is a top altcoin. It sends out weekly. And just like Waves or EOS you don't need to deposit your coins out your wallet. EOS afaik is daily.

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September 19, 2022, 02:24:17 PM
 #5

Beefy Finance is the most trusted and efficient DeFi that I know that supports multiple blockchain. They are offering flexible staking which means you don’t need to lock your tokens for a specific date to unstake it and you can earn reward every hour with auto compounding interest feature to maximize your profit. This yield optimizer offer the best APY in DeFi because they are using all the funds that they get on investing in different LP to gain interest.

Checkout: https://app.beefy.finance/

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September 19, 2022, 02:59:47 PM
 #6

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.


If your goal is to invest long term at least take or buy BNB, if you think both are good, then please buy both because they both have pretty good value, but here I suggest buying BNB instead of XRP, this is just my opinion, it all depends and back to you..

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September 19, 2022, 03:07:58 PM
 #7

When the market situation is no more a problem, it is time for you to accumulate as much possible. The focus is long term profiting, it is good to stake leading cryptocurrencies on the market. Now ethereum too have got into the list. This will bring good return in the long run. Whenever you prefer staking over holding, it is good to choose the right platform. According to be Binance exchange have provided with various staking features that give priority in different launch programs.
We both know that Ethereum staking is very high (32 ETH) I heard, I mean the requirement, I want something different from Ethereum, maybe I should probably check the list of available coins and tokens to stake on binance thank you.
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September 19, 2022, 03:09:50 PM
 #8

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
You can stake your USDT on Binance Savings . you will get 8-10% APR interest from there. and your interest will added on your spot balance according APR bonus and here you can redeem your assets any time instantly . and it will give you high interest then your countrys central bank. so i will advice you to stake stable coin coz altcoin staking is high risky.

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September 19, 2022, 03:46:12 PM
 #9

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

There are multiple staking coins available in the market. However, I believe the most important staking coin is now ETH after the recent merge. There will be multiple staking pools available in a few days to start pool staking in ETH. I believe it's a great move and will help mass adoption of mining through staking.

If you want to stake bitcoin, I believe some defi protocols will allow you to do that. But please understand the risk there as it entirely depends on their business profitability. Otherwise they can simply go down just like what happened to Celcius.

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September 19, 2022, 03:48:02 PM
 #10

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
It's better to use exchange site. As far as i know that exchange site like binance was giving you a choice to take flexible staking. I think that's good place to earn staking from your bitcoin and stable token. that's also even safer compared with defi. There's guarantee with binance exchange site and you must not feel worry about that. think about before use defi. Defi was not so safe as centralized exchange site.

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September 19, 2022, 03:57:44 PM
 #11

Staking is very good option in this market but always be careful with tokens you Stake. Some tokens give you best APY which looking very sweat but will it's end will be like Luna. I like to stack cosmos,Juno and CRO but there locking period after unstake is 15 days which is not good.



 

 

 

 

 

 


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September 19, 2022, 04:22:54 PM
 #12

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

At these rates if you don't own a huge pile of it, you'll be better off with just buying it more what ever you want to stake. Even if it was just small amounts it's probably way more profitable for you in the future even more so if you are in this for a long term. With small APY you need a huge pile of crypto to make that staking meaningful income, while if you own small stack you can buy like 5% more to your stack with small amount of money instantly.

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September 19, 2022, 04:45:37 PM
 #13

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

At these rates if you don't own a huge pile of it, you'll be better off with just buying it more what ever you want to stake. Even if it was just small amounts it's probably way more profitable for you in the future even more so if you are in this for a long term. With small APY you need a huge pile of crypto to make that staking meaningful income, while if you own small stack you can buy like 5% more to your stack with small amount of money instantly.

Staking is fun even with some small amounts, profit is not big, but something is coming, and you grow some coin you like and believe in. Why not? It's better to put your coins at work than to just put them in some wallet... Small APY safer staking, higher APY more risky staking, I always advise to diversify, majority in small and with some amount try higher APY, without risk here and there there's no gain.

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September 19, 2022, 05:15:38 PM
 #14

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
Check out Binance, even if you don't like APY, they're calculating it like that if you're into it because they have still a flexible offer where you can pull it out whenever you want.
But the percentage will still be computed depending on how much it is for APY. You don't get it with APY because even you want a monthly percentage, they'll still have it calculate the way it is being offered for its APY.

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September 19, 2022, 05:39:46 PM
 #15

Now is a great time to buy altcoins and stake long term. You can invest in projects in the top 100 that give fixed compound interest and stakes per year. I suggest you take a look at layer 1 and developer focused projects like Flow, DOT and mina. I don't think it will hurt you much in the long run. For Bitcoin, you can stake on the centralized exchange, since the projects I mentioned are tier 1 projects, they provide this service decentralized in their own wallets.
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September 19, 2022, 05:59:07 PM
 #16

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.
If you want stable fund with daily interest then you can choose Binance Saving it is more likely Fixable stacking where you can withdraw your fund in any time Now Binance savings giving 8% apy per USDT, BUSD. On the others hand you can also use Bitcoin , BNB , LTC ,ADA , Matic (except the new altcoins)for Binance Savings those are also fixable . On the others hand there is also others option defi-staking/locked is available in Binance. But In my opinion it is better to choose Binance savings for a secure fund holding in this current bearish situation.


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September 19, 2022, 06:05:15 PM
 #17

Benefits of Staking:

1. You will help the network grow
2. You won't be able to back out that easily thus will have long term gains

Now this is very similar to an FD ofcourse thus if you are thinking of Staking, I would suggest coins like : SHIBA, BTC, ETH, ETH got a whole new 🆕 integration thus it can go (+) anytime and BTC is ofcourse the king thus people won't stop ever using it.

Some people have already provided options but, locking would work more with Altcoins.
You can monthly stake by locking in your local wallets as well, or you can also try lending for long term basis, more like loaning out.

Best of luck 🤞

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September 19, 2022, 06:26:21 PM
 #18

if you want to invest in the long term you can take it gradually and then staking for the long term year of course on the best and famous altcoins, I think XRP and BNB are also quite good choices, it never hurts to take the moment now when the market is bear

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September 19, 2022, 06:35:46 PM
 #19

There are staking platform that offers yearly APY calculation but gives hourly or daily staking and you can actually withdraw your funds anytime you wanted depending on the lock period which actually only lasted for some days or weeks.  The one good example is the staking platform of different swaps and like the one stated on the early replies.
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September 19, 2022, 06:36:44 PM
 #20

You can only do these on centralized exchanges like Binance. I don't think there are a lot of alts that do that directly so your best bet is a trusted centralized exchange. The returns are good too, and you can even take it out from being staked in even less than a week - but expect that the returns will obviously be very low. If you want a decent amount of coins flowing through, you also need to stake more for the rewards to stack as well.

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