Staking crypto for passive income?

[JVRZ]

Thoughts?
What platforms/coins do you recommend?

 

[Deleted member 1313244]

Did ETH go to POS yet? That's the only one I would consider. I don't really understand it tbh

 

[Deleted member 1333509]

Never earned with staking but would be worth looking into

 

[onlinemarketer12]

What is staking ?

 

[art simon]

Neo to earn gas.. but do your research as always..

 

[TomTheCat]

What is staking ?

Staking is the process of locking cryptocurrencies to receive rewards while contributing to a blockchain network.

https://www.binance.vision/blockchain/what-is-staking

 

[Deleted member 1313244]

Is there a profit calculator somewhere?

 

[TomTheCat]

Is there a profit calculator somewhere?

https://www.stakingrewards.com/calculator

 

[Deleted member 1333509]

What is staking ?

Easiest way to think of it is like this:

Proof of work/mining = spending money on equipment and electricity to earn crypto
Proof of stake = spending money on crypto to earn crypto

Instead of overheads from buying GPUs/ASICs etc, that money goes into buying crypto - the more you have the more you can stake and the more you stake the more you can earn from staking.

 

[mikey29]

How do I stake.

During the boom, i had qtum through profit trailer.

Did not earn anything. At i don't think

Exchange I use was binance

 

[PinguSpy]

I did stacking NEBLIO.. but not anymore.

 

[Fragmaster]

I'm ready for ETH POS when it comes out. I would recommend doing it only if u would have the coins anyway - never hold anything just to participate in PoS, as this leads to total loss. Any coins who tries to derive value from percentage return is just a ponzi scheme.

 

[kikmebiz]

My money is on ETH and use Coinbase

 

[torro123]

Had NEO for a long time, but eventually it just crashed and never recovered.

 

[tb303]

Its not staking as such but with a crypto.com wallet you can get 10%+ APR on stable coins. Or you can stake CRO and get 18% apr.

 

[Mission IMpossible]

Did ETH go to POS yet? That's the only one I would consider. I don't really understand it tbh

Not yet. But ETH would be the only coin worth staking.

 

[Stifl]

Its not staking as such but with a crypto.com wallet you can get 10%+ APR on stable coins. Or you can stake CRO and get 18% apr.

BlockFi is also something that could be considered using.

 

[tb303]

BlockFi is also something that could be considered using.

8.6% APR on USDC, PAX & USDG. Im not familiar with them though. What is their minimum term? crypto.com is 3 months.

 

[jasonforrest]

Cardano (ADA) will have a working POS staking soon. Keep eye open for it

 

[jentl3m4n]

Take a look at Tezos. They have like 7% per year