What you think about staking

Few months ago I tried to learn this.
I confess I didn't understood till now what the different between crypto staking to gambling.
Don't worth the risk if you ask me.
 
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pocketttt said:
so
i want to start invest my money in something and i think to stake some crypto in binance
do you thing is good idea? or dont worth?is risky?

sorry my english, not my main language
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Cryptocurrencies are volatile. Drops in price can easily outweigh the rewards you earn. Staking is optimal for those who plan to hold their asset for the long term regardless of the price swings.
 
Binance is very reputable. Choose the coin that gives you the most profit. When the market goes up or sideways, this is quite profitable. But I'm not sure if the market is going down
 
Titus Lotuss said:
NFT Staking, never understood this.
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it's simple, look by promising to block your net in a smart contract so not to sell you can earn rewards

the project benefits because there are less sellers to raise the floor price of the collection

and it uses part of the money generated by the royalties to offer gifts often in the form of raffle

I find it relevant we regularly create them for our customers

if you are interested and want to learn more write me on twitter: @yaspakk
 
You can buy some products and resell them. Crypto is gambling. I don't think crypto has a bright future.
 
Staking is very coin dependent. Some are gold mines, some are complete disasters. Always do extensive COIN research before going into staking. As a general concept though, staking isn't a bad way to allocate your money at all. In my opinion anyways.
 
maxmayer said:
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?
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Noted binance is good for staking , but not good profit , the percentage is definitely very low over !
 
bump
I would like to know if anyone is still staking crypto nowadays and if it is still profitable
 
You will get full value from it if you are willing to take the risk, and you must be careful with the coin stake, For this you must explore a lot of information.
 
It depends on which cryptocurrencies you decide to stake. Having a higher apy does not mean that you are going to earn more money, since you have to see, for example, the inflation of the cryptocurrency, as well as other factors. There are cryptocurrencies where I would say staking is mandatory like Cardano where there is absolutely no danger of losing your funds, or Algorand participating in governance.

i have been staking some years and if you hold pos cryptos you should stake, you are helping to secure the protocolo as well
 
Study the market before betting, otherwise you will get liquidation and empty pockets
 
Does anyone still have stakes in 2024?
 
pocketttt said:
where? binance?
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Nice try, IRS! :D

Just wherever it fits bro, you know, you can stake wherever it fits with what you have. Always better to keep it off of exchanges, but sometimes you must do it on exchanges. Here are some options that come to mind.

Exodus
Daedalus
Atomic wallet
Metamask/lido
Binance
Kucoin
Crypto.com app
 
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