Do you stake coins with binance?

[Sincerem]

I was thrilled today, when i checked binance.com via their app version. I discovered that, staking coins during 15 days period brings higher APR interest rate, than the high duration staking.
I don't know how that manages to yield more interest rate than the 30, 90, 180 days staking options.

Have you staked on the 15 days type at binance? If yes, please how does it work??

 

[Ehizzy1]

I have done that before but make sure you monitor the price of the coin before you stake the coin ,the one i did last was on 15% basis and i was glad i earned few cash from my investment

 

[Ifective]

I am really new to cryptocurrency and I don't have knowledge yet about staking on binance. I only buy tokens and flip them. I will appreciate if anyone can guide me through staking. I will like to gain more knowledge about the way binance works

 

[Ehizzy1]

I am really new to cryptocurrency and I don't have knowledge yet about staking on binance. I only buy tokens and flip them. I will appreciate if anyone can guide me through staking. I will like to gain more knowledge about the way binance works

You need to first know how binance works before you know about staking ,its available on binance platform you could check more on it ,you earn some interest on your investment after locking your coin for some time

 

[ahmedo24]

I have staked my Binance coin and also Rose but honestly the reward are not big because the APY which means Average percentage yield is calculated annually so by the time you calculate for 15 days the reward will be insignificant.

 

[Sincerem]

Did you know that, i saw TRX shortlisted for 34.44% APR rate for just 15 days staking option. I really don't know if the interest to be made over the 15 days period will be the 34.44% interest rate??

 

[Josemendez]

I was thrilled today, when i checked binance.com via their app version. I discovered that, staking coins during 15 days period brings higher APR interest rate, than the high duration staking.
I don't know how that manages to yield more interest rate than the 30, 90, 180 days staking options.

Have you staked on the 15 days type at binance? If yes, please how does it work??

It gives a lower APR actually. Apr is for one year , so to get the actual profit you will make in the 15 days , you have to divide the APR by 0.5 . I have staked once and I will tell you that it is not profitable

 

[Sincerem]

It gives a lower APR actually. Apr is for one year , so to get the actual profit you will make in the 15 days , you have to divide the APR by 0.5 . I have staked once and I will tell you that it is not profitable

Hmm, i said it. That this percentage of APR is just deceiving, it just can't bring anything meaningful to me. That's why i CE here to aid my views and get opinions from my fellow bizdustrians. So which one is better to stake on, and make better dividends??

 

[Sotherefore]

I doI do not treat

Hmm, i said it. That this percentage of APR is just deceiving, it just can't bring anything meaningful to me. That's why i CE here to aid my views and get opinions from my fellow bizdustrians. So which one is better to stake on, and make better dividends??

I don't stalk cryptocurrencies on binance or in any other platform, I now only invest in cryptocurrency with good potential and leave it there.

 

[Justin]

Please explain to me what staking actually is. I have come across this term recently and do not know exactly what it is. Please explain what coins can be staked, how do you stake?

 

[Hopey]

I have not done that before but i want to ask if you stake a coin will they pay you your interest in coin or in usdt. Because if they pay in coin then its better than paying in usdt

 

[Goodday]

Please explain to me what staking actually is. I have come across this term recently and do not know exactly what it is. Please explain what coins can be staked, how do you stake?

Staking is like locking your funds for some agreed period of time for interest. The binance staking supports many coins and you can check that for yourself in your binance account.

 

[Ralphjoe]

Yes, I started staking coins with Binance for a long time now but I staked only very little amount of cryptocurrency because I don't have much cryptocurrencies to stake on the platform. Another discouraging fact is that the interest rate is quite low for my liking.

 

[BrolySSJ]

I was thrilled today, when i checked binance.com via their app version. I discovered that, staking coins during 15 days period brings higher APR interest rate, than the high duration staking.
I don't know how that manages to yield more interest rate than the 30, 90, 180 days staking options.

Have you staked on the 15 days type at binance? If yes, please how does it work??

I have not done this on binance yet i have done it on other sites where i have staked coins and used a fixed deposit on coins for this period of time and i have found that it does get you higher interest rates, but the risk is also higher. What are the risks involved on binance?

 

[Niftyyem]

The only kind of staking I do on binance is the one of bnb in the vault. I do that mostly because of the other coins that you may likely get as rewards.

 

[joy101]

Am not into cryptocurrency so I don't know how staking on coin really mean, but I will like to know more about it also to know how it works, and how I can benefit from it.

 

[Senator]

If you have an account with this wonderful exchange platform called binance, you can really achieve a lot using your binance account to stake their own coin called BNB for as long as you want and take profits when due

 

[Sincerem]

I have not done this on binance yet i have done it on other sites where i have staked coins and used a fixed deposit on coins for this period of time and i have found that it does get you higher interest rates, but the risk is also higher. What are the risks involved on binance?

@Josemendez, once said the APR level of the coin is low and risky to stake on. That you might not make enough from this stake over the 15 day period. You might even lose some of your money when the coin go on a decline. He said, the best is to stake from 30 days upward.

 

[Bigabigs]

I have never staked on the binance platform before. Though I have known about it's staking with the BNB binance coin for a while, but have never stak d any of it before. It will be interesting to know how that works as well

 

[Sincerem]

I have never staked on the binance platform before. Though I have known about it's staking with the BNB binance coin for a while, but have never stak d any of it before. It will be interesting to know how that works as well

Staking is just like entering to mutual funding, given out any amount of coins for the creators of the coin to re-invest elsewhere. And pay you based on the APR interest at the end of the staking duration.