Where to stake stablecoins with insurance?

[Jawhead999]

To everyone else who suggest Binance, it's partly correct since Binance have SAFU, but we don't know how much their reserved funds or how much they willing to recover their customer funds. IMO if you want to get 100% insurance about your money, it's better if you choose fiat and invest on bonds, time deposit etc.

Go to the cex if you wanna get the safest place to stake your stable token. I don't think dex can be the safe place for your money. Im thinking the same about defi caused by there are so many hack happened with defi. Defi has so many vulnerabilities unlike cex is very well maintained at this moment. You must go cex and stake your stable token for small interest that will give you small amounts of money.

Misconception, DEX and DEFI are completely different, don't mix it.
As everyone know there's many cases DEFI always get hacked everytime, but the true DEX until now still not getting hacked e.g. BISQ. The swap platform e.g. Uniswap, Pancakeswap, etc isn't a DEX, that's why it's get hacked too.

[cryptoaddictchie]

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

No guaranteed everywhere, but I like how Binance program on staking whereas they have savings mode which can be get anytime even you staked and a locked one for higher apr. But not really that big actually but certainly good compared to banks.

But be careful on high apr, I was once regret the one I did with ust on binance and end up losing o their 30% apr on stablecoin.

[Sarah Azhari]

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

I never heard about that, but I heard out there third-party insurance that offers insurance for your asset in Coin base and Gemini Exchange. And, I heard also, One of the leading crypto insurance companies is Lloyd through its broker Superscript provides protection against crypto. I never tried and never read anyone mentioned on this forum, better before you try it, please research it and ask the support.

https://www.coindesk.com/business/2022/05/11/lloyds-licensed-broker-launches-crypto-insurance-product/

[coinerer]

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

Different platform can offer you different APR bonus for stake stablecoin . But choosing a safe place is the real work. i can suggest you Binance exchange for stake stablecoin . Although Binance offers relatively low bonuses.  Still I think it's a safe place . you can get 8% APR for USDT & BUSD from Binance savings

Maybe you are right. Binance can be a right place to stake stable coin But no one can guarantee that Binance is 100% safe because when you stake a coin, that coin will leave your wallet and you can only see an account of how many coins you have staked but you won't have control over that coin.  Maybe because Binance is a trusted exchange, they will never let your money go to a scam.  Yet there certainly remains a risk

[tvplus006]

What is the safest place to stake stablecoins with nice yield? ..

High profitability and safest cannot be used together not only in cryptocurrency, but also in the real sector of economics. And if you see a high percentage of profitability, then you should conduct a more thorough study, since it is quite possible that this is a classic ponzi scheme. Accordingly, where your funds will be safe, a high APR will not be offered.

[NicNacCoin]

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

Binance Exchange is the safest and most convenient place to stake Stable coin.You are on Binance Exchange You can keep staking stable coins with security. There you can earn profit.You will have no risk and you can keep it completely safe.

[tvplus006]

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

Binance Exchange is the safest and most convenient place to stake Stable coin.You are on Binance Exchange You can keep staking stable coins with security. There you can earn profit.You will have no risk and you can keep it completely safe.

Binance is indeed one of the most reliable platforms not only for trading, but also for staking. According to Binance Earn, the current yield for staking stablecoins is 5% per annum, and for altcoins up to 70%. But you need to be prepared for the fact that the price of the altcoin, which is placed on the stak, may decrease and, accordingly, the resulting profit may not compensate for the loss.

[yhiaali3]

The safest place to invest stable coins is decentralized exchanges, but the return is not very high. As for the best place to invest, I expect it is Binance, but it is not the safest because it is a central exchange and has been hacked more than once, on the other hand, stable coins do not give much returns because their profits are low but they Safer than other volatile cryptocurrencies.

[SirLancelot]

I never ever heard any platforms that offered insurance. Maybe you are feeling worry with the hacked cases that happened with most of crypto related platforms. I can say there would be no safe place even your wallet was not safest place as well.
Staking in centralized exchange site. i saw some exchange sites got hacked but they were using insurance to handle it. I meant you shall check the problem that happened with kucoin.

I only heard one so far and that was binance exchange but im not only sure if what are their terms about this if staking of stable coins are also covered in this insurance feature. OP can just visit them and read more about their rules. OP won't ask this kind of question if he isn't worried about his coins but who wouldn't be?

Staking is the act of putting a coin in one platform for a longer time so this needs more attention in terms of security because we won't know if the site turns out bad later on or if they will be hacked. Cex are prone to hacks but imo they are better than the defi's and other smart contract based projects. There were less glitches, bugs and exploits on them.

[coinerer]

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

Different platform can offer you different APR bonus for stake stablecoin . But choosing a safe place is the real work. i can suggest you Binance exchange for stake stablecoin . Although Binance offers relatively low bonuses.  Still I think it's a safe place . you can get 8% APR for USDT & BUSD from Binance savings

Maybe you are right. Binance can be a right place to stake stable coin But no one can guarantee that Binance is 100% safe because when you stake a coin, that coin will leave your wallet and you can only see an account of how many coins you have staked but you won't have control over that coin.  Maybe because Binance is a trusted exchange, they will never let your money go to a scam.  Yet there certainly remains a risk

No one can guarantee any cryptocurrency platform or token is 100% trustworthy.  But since Binance is a big exchange platform and they have experience of completing billions of trades every day.  So I don't think they will scam for a few dollars.  Not only small but big amount stake with them or trading on their platform I don't think they will scam it, I have faith in them because I myself stake 2000 dollars there for a long time.

I have also been trading on Binance for a long time and I have been thinking of Staking Stubble Coin on Binance for a long time but it has reduced from 10% profit to 8% now, I have no regrets either.  There is a limit, you can keep only 1000 dollar usdt and 1000 dollar BUSD for 8% profit otherwise you will be given only 0.7-0.8% profit.  So Binance isn't the best for staking large amounts of stablecoins

[CuriousGeorge]

What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

Binance Exchange is the safest and most convenient place to stake Stable coin.You are on Binance Exchange You can keep staking stable coins with security. There you can earn profit.You will have no risk and you can keep it completely safe.

That's great exchange site. Remember that pancake was also offering very good APR for farming too. that means if he can stake his stable token in the pancake swap other than binance. the only problem if he must never get in touch with any suspicious things that may target his funds.
There are so many scammers that a bit innovative by creating fake site. this is the difficult thing that can be avoided.

[ethereumhunter]

Yes quite some time ago its limit was $2000 USDT and $2000 BUSD and interest was 10% APR but recently binance has reduced it to $1000 and interest is only 8% so if one is intending to stake more, then binance Won't work much for him.

But at least he can feel safe risking his USDT on Binance. Moreover, Binance is one of the big exchanges and already has a reputation among other exchanges. And with that result, he would benefit even if there was a reduction to the limit. If I were him, I would choose Binance to stake my USDT because it is a good passive income to try. But that's just a suggestion and he has to figure out what's good for him.

[el kaka22]

Binance. It is by far the best exchange, and maybe the staking returns are not as high as some other places, but it is guaranteed.

Anyone who tells you another place will give you a name of a place that is not as trustworthy as binance, and that means we are not going to see anything change in that situation and putting money where it is riskier, even if it's little bit more, there is no need. Put it on binance and don't look back, if you can compound that is better because if you do that, over course of long years, you are going to earn more than inflation and that means you are going to get richer and richer, do that long enough and you will be rich.

[ethereumhunter]

Yes quite some time ago its limit was $2000 USDT and $2000 BUSD and interest was 10% APR but recently binance has reduced it to $1000 and interest is only 8% so if one is intending to stake more, then binance Won't work much for him.

But at least he can feel safe risking his USDT on Binance. Moreover, Binance is one of the big exchanges and already has a reputation among other exchanges. And with that result, he would benefit even if there was a reduction to the limit. If I were him, I would choose Binance to stake my USDT because it is a good passive income to try. But that's just a suggestion and he has to figure out what's good for him.

Binance will be a top choice because of its promising features. As for me, it's the safest exchange to stake stable coins. It's reputable and trusted by lots of users for a long time already so no wonder why lots of users are suggesting it. I've tried staking USDT in Binance as well and I didn't encounter any problems but you can do continuous research so you'll find an exchange that will fit the criteria that you have.

That's why many of us recommend using Binance for staking stable coins because by using Binance, we can get hefty returns. We can also use the USDT from staking and investing in many other coins. It will also give good results for us. But if they are not ready to use Binance because of the verification, I guess they can look elsewhere but as for the results, we will never know if it is as good as Binance or even lower or even a scam in the end. The important thing is that they have to do research before deciding because the results will differ from ours.

[Bitstar_coin]

He will able to stake only 1000 USDT and 1000 BUSD which is much less amount . yes , he can stake safely his USDT on Binance and he can redeem his usdt any time instantly from Binance if he want. and binance will give him profit every day according his amount & Staking percentage . it is really a good feature .

I will also recommend Binance too, they have a good track record and investors' funds are SAFU unlike other staking platforms with no track record, risky and a high possibility of scamming investors.
Binance has different options to stake and earn, depending on the amount the person is willing to risk. Although Stablecoins staking will not yield more profit unlike none stablecoins staking but with the market situation where the majority of coins are down more than -50% it is better to stake stablecoins till the market recovers.

[ethereumhunter]

Yes quite some time ago its limit was $2000 USDT and $2000 BUSD and interest was 10% APR but recently binance has reduced it to $1000 and interest is only 8% so if one is intending to stake more, then binance Won't work much for him.

But at least he can feel safe risking his USDT on Binance. Moreover, Binance is one of the big exchanges and already has a reputation among other exchanges. And with that result, he would benefit even if there was a reduction to the limit. If I were him, I would choose Binance to stake my USDT because it is a good passive income to try. But that's just a suggestion and he has to figure out what's good for him.

He will able to stake only 1000 USDT and 1000 BUSD which is much less amount . yes , he can stake safely his USDT on Binance and he can redeem his usdt any time instantly from Binance if he want. and binance will give him profit every day according his amount & Staking percentage . it is really a good feature .

The amount of $1000 USDT and $1000 BUSD for staking is enough for him to earn daily or monthly returns. And luckily, on Binance, he can try different types of staking that can give him more flexible returns or fixed investments. The amount I used for staking wasn't that large, but I'm satisfied with the result. What was important was staking only the amount he could afford.

[smartaction]

He will able to stake only 1000 USDT and 1000 BUSD which is much less amount . yes , he can stake safely his USDT on Binance and he can redeem his usdt any time instantly from Binance if he want. and binance will give him profit every day according his amount & Staking percentage . it is really a good feature .

I will also recommend Binance too, they have a good track record and investors' funds are SAFU unlike other staking platforms with no track record, risky and a high possibility of scamming investors.
Binance has different options to stake and earn, depending on the amount the person is willing to risk. Although Stablecoins staking will not yield more profit unlike none stablecoins staking but with the market situation where the majority of coins are down more than -50% it is better to stake stablecoins till the market recovers.

if op want to stake average of $2k then Binance enough for him to stake USDT & USDT combination . but if op want to stake huge amount then Binance not enough . When Binance gave 10% interest for staking I tried to stake a big amount of stablecoin ,coz then our central bank offered 5.5% interest . But I couldn't stake more then $4k then. but now our central bank increased there interest to 7.5% so i have deposit my money on our central bank now. i think it is safe then crypto

[SUPERSAIAN]

My priority for staking is of course I don't stake all my Binance assets here. Each platform has its own risks. Binance is a bit more attractive to me than dex and cex. There are also Dex exchanges that I stake, I usually do not make long-term commitments. I only made a 1 year commitment on one dex exchange, it will be released in april, I am not sure if I will do it again.

[BorkinCrypto]

-snip-

So far "Binance" with SAFU.

I don't see other service have an insurance for customer, it's all depends on the loss asset during the attacking. Most of service could be terminated due losing to much asset and company can't covered the loss.

1-5% loss could be still can be handle, but more than 10% could be make the company have problem (It's based speculation).

And what kind of insurance Binance have? Sorry but didn't read about it.
All I know is "Not your keys is not your funds". This is related to all CEX exchanges, not just Binance.

[dlightag]

They are many places to stake your stablecoin, but I prefer Binance and Kucoin exchange, because they are more reliable than Dex exchange, while waiting for the complete period of your staking to complete and is already credited on your spot account.