Crypto Staking

[Bookwormlux]

Crypto staking It involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network. Simply put, staking is the act of locking cryptocurrencies to receive rewards. In most cases, you'll be able to stake your coins directly from your crypto wallet, such as Trust Wallet.

How reliable is it and what do I need to know that would enable me to make the most out of it and get better returns as I expect to do?

 

[Dowenship]

Actually it's crypto .com is definitely a a wallet it's also similar to the ones you have mentioned earlier . Actually staking at that rate is ok but it's risky .

OK then, since you have been able to confirm that its a wallet, then you can stack. Concerning risk, i think there's nothing in crypto that's not risky just risk with money you can afford to lose.

 

[Jlife]

The problem is that most people don't really know how to actually engage in the best way, then they will not lose their money but they will just jump into it and make mistakes that will cost them their money.

Yes you do not have to jump into something you do not have an idea about, staking of cryptocurrency is not risking because you're not trading it,you can research about it on YouTube and from there you understand how it work on

 

[Ub40]

I don't really know how the crypto staking works and I don't have any coin staked, but I really like to know how it works. I am just wondering the difference between staking of coins and holding coins. There is really a lot to learn about in the crypto world. That is my opinion.

 

[FreshKaz11]

@Alexander
I want to make sure I am understanding this correctly. I am wanting to stake $250,000 on USDC (since it currently has a 14% APY, or 1.16%/month). Crypto.com seems to be a good platform to stake, but how hard is it to get those funds out? I remember when you had sent some DOGE, it was a $20 transaction fee just because of the platform and not the crypto itself. I'm thinking if I stake $250,000, that will be a return of $2,916.66/month or $35,000/year in return. My question is, do I also have to have CRO staked? On their website calculator, it shows CRO Stake 400 or less, 4000, or 40,000 or more.

Edit: I just found Celsius. Vosk Coin talks a lot about Celsius on his youtube channel. Anyone else used it? The Crypto.com fees are really offputting. And celsius has no fees.

I would have be the best to explain better over this thread you posted here,but is unfortunate I really don't know much about how to stake in cryptocurrency but to get better result you could still do some personal research about it online.

 

[Bookwormlux]

OK then, since you have been able to confirm that its a wallet, then you can stack. Concerning risk, i think there's nothing in crypto that's not risky just risk with money you can afford to lose.

That is the main deal in Crypto Currencies. It is not wise to use money that would make you cry when things do not work out in one's favor.

 

[Heatman]

Yes you do not have to jump into something you do not have an idea about, staking of cryptocurrency is not risking because you're not trading it,you can research about it on YouTube and from there you understand how it work on

Exactly, that's one of the biggest challenges those people who make such mistakes face in the venture because they will end up getting frustrated and quitting in the process.

 

[Bookwormlux]

Some individuals just want to make money from Crypto staking and they do not think about the need to take time and learn the basics at all.

 

[Jlife]

Exactly, that's one of the biggest challenges those people who make such mistakes face in the venture because they will end up getting frustrated and quitting in the process.

Some individuals just want to make money from Crypto staking and they do not think about the need to take time and learn the basics at all.

Yes this is what we all need to understand that in cryptocurrency, it is not just about making money, you may end up getting frustrated and sometimes you might start believing that cryptocurrency is a scam when you have not make a perfect arrangement to take things step by step

 

[Justin]

I understand crypto investing, crypto trading but I do not know what staking is. I have heard this term used frequently but do not understand how this works

 

[Dowenship]

I understand crypto investing, crypto trading but I do not know what staking is. I have heard this term used frequently but do not understand how this works

Staking in crypto means you giving out your coin, in usdt, or bnb any coin for the development of another coin, but this coin is not withdrawable for some specific period of time mean while, you are given the new project coin you stake for.

 

[Heatman]

Yes this is what we all need to understand that in cryptocurrency, it is not just about making money, you may end up getting frustrated and sometimes you might start believing that cryptocurrency is a scam when you have not make a perfect arrangement to take things step by step

The problem that most people face recently when it comes to cryptocurrencies that everybody wants to make money or profit very fast without really wanting to take the initial step that are supposed to do which makes them to make mistake that will cost them a lot.
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Yes this is what we all need to understand that in cryptocurrency, it is not just about making money, you may end up getting frustrated and sometimes you might start believing that cryptocurrency is a scam when you have not make a perfect arrangement to take things step by step

 

[Jlife]

The problem that most people face recently when it comes to cryptocurrencies that everybody wants to make money or profit very fast without really wanting to take the initial step that are supposed to do which makes them to make mistake that will cost them a lot.
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Well you do not have to blame them because they are not the one that causes it,it is people that introduce them into cryptocurrency that make them to believe that it is a get-rich-quick scheme. What should we do about it ?

 

[Senator]

If what our have discovered about celcius is worth thinking about for you to switch from crypto.com to Celsius, then by all means switch. Because you are in for the profit as an investor not for show

 

[Heatman]

Well you do not have to blame them because they are not the one that causes it,it is people that introduce them into cryptocurrency that make them to believe that it is a get-rich-quick scheme. What should we do about it ?

Seriously it's a big challenge in our Society right now because a lot of people are too desperate to make money which forces them to do things that are not supposed to do and end up losing their money in the process.

 

[Jlife]

Seriously it's a big challenge in our Society right now because a lot of people are too desperate to make money which forces them to do things that are not supposed to do and end up losing their money in the process.

When I started cryptocurrency I didn't understand how it work, but I didn't just go into a sudden investment and trading of it, I really need to take a lot of time to learn about how to invest wisely before I make a move and start investing in cryptocurrency.

 

[Nomad]

Well, t speak the truth, Crypto.com is not available in my place therefore I have never used Crypto.com. In fact I have also never staked coins, therefore, I do not know how staking works, can anyone please enlighten me on this topic.

 

[Nurudeen]

I think you need to do the staking with a trusted PLATFORM so that you won't regret the transaction at the end of the day. Just lay your mind off the transaction fee so far your Money is safe.

 

[Sotherefore]

Please ensure to make use of trusted platform because that is very important just to have maximum security and assurance to your staking capital since you have huge Staking capital.. I don't know much about the platforms you used according to the information you posted.