Is it wise to stake your crypto currency

[poodle63]

Keep in your mind that if you must always try to keep your money in the safe place. Staknig will be giving you good earning regularly but i just try to remind you a thing if the face that you shall try to avoid to deal with non trusted custody. Im using trustwallet now for staking purpose and everything goes fine as long as you can keep your sensitive data safely. It's not always bad thing to stake your token as it will give you nice bucks.

[smile1218]

Staking cryptocurrency i think is a good way to earn passive income. But of course it is like any other investments, there is also risk involve in staking your crypto currencies. It is important to do your own research and study and understand the specific risks and rewards that is associated in staking your chosen crypto currency. Also ask and evaluate yourself if you can tolerate the risk that you are about to face in staking your crypto currencies before making any decision. Try to set also what is your investment goal.

[CapGelatik]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

Staking can indeed be a second choice because my first choice prefers to make purchases by accumulation and hold,
because if you really accumulate at low prices then accumulation is better than staking.

[LastKiss]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

You can stake your coins when the bear market started although staking your coins in trust wallet not making your funds safe since keeping your balance with a hardware wallet is safer for you, at least you can stay away from CEX since there is a lot of bad news about CEX a few months ago and probably it won't stop there. Personally when the bear market few months ago I staked my coins in a platform and I'm quite satisfied with the result tho.

[Mikky.Crypto]

I was facing a similar dilemma with my coins and was pleasantly surprised by how easy it was to earn and swap them on the XGo platform. The user-friendly features helped me make an informed decision. Maybe you could consider checking out XGo for a seamless staking experience, and who knows, it might just be what you were looking for

[tvplus006]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

If you keep your coins in the trust Trust Wallet and you don't need them at the moment for trading, then it would be logical to stake TRX. But in any case, it is necessary to measure the risk of losing all coins and the profit that you can get from such a stake.

[libert19]

If you are gonna hold your funds anyway, better stake as you won't lose anything.

[bittick]

if you have judged the APY might be interesting and also you gonna have to hold the coin for long to get real benefits out of it and you're fine with it, then there's nothing wrong with staking since it will give you additional profits regardless you're also gonna need to wait the value of your investments rise anyway.

[Bitstar_coin]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

Yes and No-

Yes - this when you got those tokens from when the price is very low or when it is not yet listed in the exchange, i.e from the presale or public sale. And this tokens is from a project that you are 90% sure the team are very committed and dedicated to the growth of the project not some quick-money grabbing teams.

No - this is because most of the attracting high staking apy you see will get slashed after a month or two, when the price pump your tokens are locked in a staking pool meaning you can't sell immediately, if the price dump by -90% it will only take a miracle for the price to go back to previous ath, you will lose opportunity to sell and you will have far less reward  than you expected.

The only time to stake altcoins is during bear market when all alts are down by -90%, buy as much because the team already adjust the staking apy then you can receive the true reward and sell in bull market. My candid opinion. 

[SistaFista]

It is wiser to learn about the staking mechanism of the coin first.
For example, is there any locking period for staking ? This is very important because once we stake our coin, we will need time to unstake it.
Then it means we can't sell our coin immediately when the price going up.

[MIner1448]

If you decide to bet on your cryptocurrency, then be sure to study the process and the risks associated with it. Make sure you fully understand the staking process and how it can affect your cryptocurrency.
In general, keeping cryptocurrencies in a wallet is a more conservative approach and may be suitable for those who prefer not to take on too much risk. However, if you want to increase your earnings, then staking may be an option, but it is important to be aware of the risks and not invest more than you are willing to lose.

[woez]

I think it's good too Staking your cryptocurrency can offer several advantages over just earning passive income especially if the market is very volatile and volatile and this can be a pretty safe option meaning because you are not actively trading but getting rewarded for your investment but See also the costs associated with betting whether it can affect your profits. However, if you choose Hodl, you are a typical long-term investor.

[sulendra12]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

It just depends on what do you want. If you don't care about the safety of your assets then you can go for it since staking does require quite bit of time to lock your tokens in order to get rewarded. Sure, it's managed by Binance but still you need to be careful if something happens with their application. Also make sure to check the APY of the tokens you choose, there are some traps there.

[uneng]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

What do you mean by what is better? By staking your coins, you will be earning passive income, you will grow your portfolio, what can lead to maximization of profitability on long term, under the price of risking your money, which can be stolen at anytime by hackers or by the custodial platform itself.

On the other hand, if you simply hold your coins in a safe wallet (self-custody), you won't be stolen, but at same time your money won't be working for you passively. You have to evaluate the pros and cons of each of the two categories and reach the decision which best fulfills your demands as investor.

Due to the huge scams last years on staking platforms, many investors have retreated from investment platforms, back to the self-custody wallets.

[milewilda]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

When we do speak about custodian wallet then with that alone then it isnt something that would really be that worth on holding up because we know that we dont actually have the complete posession of our keys.
You cant really be that confident on leaving out those coins staking on something you do know that it isnt yours completely. Plus despite on having those good APY's then  we know that we do have that called
bonding period on which on the time that you would be pulling out those coins whether they do have that option or not then its not completely that you could be able to sell out those coins whenever you do see
that its price had pumped out. There are ones who could actually make out some withdrawal instantly but most of them would really be having that waiting time. I would rather be
holding up my coin into my own non custodial wallet even though it wont be having that increasing or earning opportunity with those coins but at least you are confident
when it comes to security.

[AakZaki]

It would be unwise to stake your crypto assets on the staking model and keep trusting it, as it is also quite risky if you do it on an untrusted wallet.

But it will be an option for every crypto user, as staking will provide a favorable APY for a predetermined period of time. If you are okay with security vulnerabilities, then do it with minimal assets. don't use all of them.

But Holding for Bitcoin will be the best way to stay safe in the long run.

[|MINER|]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

In my personal opinion I think staking is not that kind of bad things to do. If the platform is well reputable then if you want you can stakes some of your crypto fund on them. But always care about the platform and always don't be so greedy for higher percentage because most of the case most people trapped by scammers by it. Besides staking on good reputed platform always aware of news about the platform for extra security for your fund.

[blockman]

if you have judged the APY might be interesting and also you gonna have to hold the coin for long to get real benefits out of it and you're fine with it, then there's nothing wrong with staking since it will give you additional profits regardless you're also gonna need to wait the value of your investments rise anyway.

If you are for more quantity and adding more of the number of your holding then stake is one way. It's a passive and easy way of gaining more of that crypto in your hands. But the problem is your choice of wallet. There are unreliable wallets that also offer staking and you may have just come across them because of the ads that you've seen over the internet and as soon as you've seen it, you've trusted it wholly without doing deep research. That's one of the problems of many people learning to stake as they've been swarmed with ads that this and that wallet is a good one to stake their cryptos.

[Yamifoud]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

It was not a bad idea but of course, you must also understand how staking works. It was very important that you understand it because you might be wondering why you can't withdraw your fund which is possibly still in the lock-in period and stopping your withdrawal. And some other cases, staking is also a reason for losing funds like using non-reputable exchanges. We should be cautious where we put stake our crypto because this is too risky as we let our funds be controlled by other parties, not us.

[lalabotax]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

If it is a out wise or not, I think that it is not a  ig problem and still wise enough if we want to stake our cryptos.
But, we must really understand what platform we are using to ensure the credibility and trust.
If we have understood the chances to gain and also the weakness of staking, ibclusing how much we will gain, and we accelt this, why not?

But for me, staking is not really worthy moreover if we only have small amount of the money. I ever calculated the profits to gain when staking for several.months - year. But the profits are still low because it is small amount. Moreover we cannot do anything to our cryptos during they are staked.