For the crypto that you are not actively trading, do you simply hodl them in a wallet or do you stake them for interest?
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Are you hodling in a personal hardware wallet that you hold the seed to? This is the best method if you are choosing to hodl for the long haul. If you prefer to stake and earn a compounding interest per month, then I suggest BlockFi.I am not the staking type, and I prefer hodling for a long time. So I just leave them in my wallet and watch. After a few years I definitely would have made my profit, most times above 100 percent.
I don't use a hardware wallet yet, but I'm planning it already. The interest in staking is not that encouraging, that is why I never went into it.Are you hodling in a personal hardware wallet that you hold the seed to? This is the best method if you are choosing to hodl for the long haul. If you prefer to stake and earn a compounding interest per month, then I suggest BlockFi.
I was making roughly $150/month when I had my $5600 worth of crypto staked on BlockFi.I don't use a hardware wallet yet, but I'm planning it already. The interest in staking is not that encouraging, that is why I never went into it.
Are you serious? Then what is with all these 9 percent per annum I was seeing in Celsius and co? Let me read more about BlockFiI was making roughly $150/month when I had my $5600 worth of crypto staked on BlockFi.
I just looked into my rewards history. Looks like BlockFi merged the rewards each month from the BlockFi credit card and the staked rewards. The reward off of approximately $5600 on GUSD stable coin around 9.5% was approximately $41/month. I must have been getting the rest from the credit card. I wasn't aware that it merged the rewards together at the end of the month.Are you serious? Then what is with all these 9 percent per annum I was seeing in Celsius and co? Let me read more about BlockFi
Yeah I though so too. But now that is see the equivalent it's not that bad. I think I will try it out, thanks for the eye opener.I just looked into my rewards history. Looks like BlockFi merged the rewards each month from the BlockFi credit card and the staked rewards. The reward off of approximately $5600 on GUSD stable coin around 9.5% was approximately $41/month. I must have been getting the rest from the credit card. I wasn't aware that it merged the rewards together at the end of the month.
This is what I do too, just that I hold for a longer period if time. But it seems instead of just holding and the coin being idle it's better to stake them for rewards. That is what I'm currently researching on.As for me, so far, I have not been doing staking of coins but I just hold them for some time and keep checking for possible profit. As as soon as I spot any profit, I just cash it out. And on and on it goes. Thanks for sharing.