What you think about staking
- Thread starter pocketttt
- Start date
John Konev
Regular Member
- Aug 28, 2019
- 222
- 134
If you are constantly earning then I might suggest you to invest 10%-20% in stocks/crypto. Build your portfolio, invest most of the money in stable coins and also buy some meme coins 
Cypherpunk Zero #4027
Regular Member
- Aug 28, 2022
- 230
- 103
Staking is good. Just don't pick random coins. I'd go with Ethereum or Cosmos (ATOM) if you don't have experience. The returns might be lower, but your money is safer.
- Mar 22, 2013
- 9,148
- 10,491
I stake everything i can
crypto-trader
Banned - Inappropriate behavior
- May 4, 2017
- 152
- 149
Staking is not bad but Binance has the worst staking deals although the risk is smaller.
- Nov 23, 2020
- 5,930
- 1,706
I agree with the guy above - Binance offers no-risk deals for staking, but with the really low % and max sum to be put on staking.
As for me, I put 2000$ on Binance USDT staking for 10%.
Quite a nice income of 200$ after a year. Better then nothing, right?
As for me, I put 2000$ on Binance USDT staking for 10%.
Quite a nice income of 200$ after a year. Better then nothing, right?
MasterOfMasks
Regular Member
- Jul 31, 2022
- 403
- 264
i wouldn't risk $2k for $200 a year in an exchange that can close your account for any reason at any given time without notice...
MasterOfMasks
Regular Member
- Jul 31, 2022
- 403
- 264
but you made 30% a month so it's all good bro. keep hodling. maybe one day the coin will pump!
gettinthere
Power Member
- Apr 17, 2010
- 637
- 160
Everything comes with risk, inc 'safe' centralized platforms like Binance.
Look into Freeway token and their crypto Superchargers (also available for USD, EUR etc).
APY of +40% on most cryptos and looking pretty secure/legit.
Look into Freeway token and their crypto Superchargers (also available for USD, EUR etc).
APY of +40% on most cryptos and looking pretty secure/legit.
Ndiqi
BANNED
- Apr 12, 2009
- 985
- 442
I used to love staking but now I take staking assets in more thought before deciding to do it.
So the way my mindset was is that if I stake I will reap a reward, especially like new staking offers from binance with high APR / APY and looks like a good return.
But over the course of time, it’s just feel like a trap, some crypto that I decided to buy and stake are performing so bad.
Things such as:
1. Value of the crypto decreases while staking
2. Rule change on staking rewards
So, now I do not stake unless it’s a coin that I know full well will perform good and will recover if it drops.
Imagine investing $3k into a coin to get an estimated $100/$200 a month and while you’re staking that shit for 90 days the coin drops 90% making the whole assets worth only $300 and not only that, the APY drops so you’re just making like a few cents a month. Such a bullshit.
So the way my mindset was is that if I stake I will reap a reward, especially like new staking offers from binance with high APR / APY and looks like a good return.
But over the course of time, it’s just feel like a trap, some crypto that I decided to buy and stake are performing so bad.
Things such as:
1. Value of the crypto decreases while staking
2. Rule change on staking rewards
So, now I do not stake unless it’s a coin that I know full well will perform good and will recover if it drops.
Imagine investing $3k into a coin to get an estimated $100/$200 a month and while you’re staking that shit for 90 days the coin drops 90% making the whole assets worth only $300 and not only that, the APY drops so you’re just making like a few cents a month. Such a bullshit.
- Oct 5, 2020
- 1,446
- 1,729
I'm not sure Binance can do that. I trust Binance more than national banks.
- Apr 29, 2015
- 5,185
- 2,716
even in bank have some risk
MasterOfMasks
Regular Member
- Jul 31, 2022
- 403
- 264
search "binance cant withdraw reddit"; you will see plenty of people with balance stuck in binance
that's why you keep your coins in your own wallet where you own the keys
Max protection of your coins
copingcel
Registered Member
- Sep 7, 2022
- 85
- 69
Yeah, but Brazil has FGC (fundo garantidor de credito) who pays % of the money u lost
in my opinion, staking is garbage since most exchange could ban you and take your money when they want, and bitcoin is just a reflex of interest rate
- Mar 22, 2013
- 9,148
- 10,491
copingcel
Registered Member
- Sep 7, 2022
- 85
- 69
better than losing everything in a risky market like cripto lolYeah, and then you wait 12 years for them to pay you that % haha
- Mar 22, 2013
- 9,148
- 10,491
Well, no risk no reward.
Besides, no one ever lost money in crypto unless they sold, or unless they were unlucky and got caught up in a coin that went to $0 (think Luna). And even the Luna guys, they still have their Luna, and they have their Luna v2, and maybe they make their money back some day.
No one, ever.