Bitcoin staking

[batang_bitcoin]

Exchanges and multicryptocurrency/online wallets offer this kind of service but it's not directly that bitcoin provides it for you. It's like a service of the bank that you have to deposit and you'll earn interest from it, is it worth it? No. You better hold your own Bitcoin than entrust it to these kind of services where you don't hold your private keys or most of these platforms are centralized and you'll have no jurisdiction over your funds.

I tried this shit long ago all I got as interest after a long 9days of wait was just tantamount to a waste of time and since then I don't take stakes offers from any exchange as a means to make any profit, and if you want to make a substantial amount of profit from those stakes you will have to put in a large amount of money which is not advisable as centralized exchanges are not a place to trust your large amount of money with, anything can happen within those waiting days.

Some may argue that profit is profit but it's different on this one. You'd get peanuts and almost nothing but yeah, there are some satoshis but at what cost?
The cost of it is what if the exchange or the platform where you have staked(deposited) it for the interest that you're craving turns out to have an exit scam, you can't chase them anymore and you lose your fund easy.

[1714966537]

1714966537

[1714966537]

1714966537

[CryptSafe]

To the best of my knowledge, Bitcoin is can only be staked on centralised exchange which I think it is not advisable to do so because you as the owner of the coin do not have access to it because of anything happens to the exchange, your coin is gone as you do not own the private key to the wallet. It is even better you do daily trading to make more profit or you hold in your own private wallet rather than spending a whole time and earning peanut.

Of you must stake with exchange, then you must stake a huge amount or volume so that your rewards would be meaningful and tangible to hold or you think of other investment to do with it as I would not advise or encourage you to do that.

[Mate2237]

I have heard someone not staked with bitcoin specifically since when I can to the forum. But you can only stake in the gambling industry. And that means you can use bitcoin to stake games and not staking on bitcoin. But from my personal research one can stake in the following exchange.
ByBit, KuCoin, Coinbase, Crypto.com, Kraken, Gemini, OKX, Binance
But if is not advisable to stake bitcoin because it was not meat to be stake but for investment. And you have to know that bitcoin network is not for staking if you looking to stake bitcoin from the Blockchain then you can't buy from the exchange.

[Vincom]

interested in hearing about reputable Bitcoin staking services, user experiences, and potential returns. Any insights or recommendations from the community would be greatly appreciated!

The Bitcoin blockchain does not have a staking mechanism. Bitcoin uses POW, not POS consensus.

Therefore, if you are talking about BTC staking, you may be receiving false information from scammers, or you may be talking about staking feature for BTC on Layer-2 solutions. These solutions bring more features to BTC in DeFi, however, besides the profits from staking, they also carry many risks.

• Are you ready to join DeFi on Bitcoin?

[Reatim]

Staking is done in cryptocurrencies with proof of stake
mechanism wherein you hold crypto to help operate the
blockchain. Since bitcoin does not use proof of stake
mechanism but rather proof of work mechanism, it is
impossible for you to do staking with crypto. Ethereum and
other stablecoins are better suited for staking.