Do you stake coins with binance?

[Setfragil]

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.

Thanks for this lovely explanation. Since I have been hearing about staking, I do not really understand how to go about bit and how they really makes profit from it.

 

[Sincerem]

Thanks for this lovely explanation. Since I have been hearing about staking, I do not really understand how to go about bit and how they really makes profit from it.

Sure, I'm happy you took derivative from the post. Now you've understood how staking coins works. I believe you'll try out your time on it to earn so e interest over your investment staking.

 

[Kelly5]

I don't stake coins on binance. But I hear it is something one can do as a way of increasing one's portfolio on the platform. If you have such coins to spare, I'll advise you stake them there

 

[Jlife]

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??

I don't have much idea about how cryptocurrency is stake in binance ,i only use binance for trading and for storing of cryptocurrency, how does it work and how can I use it to make money ? I'm really interested to know about it.

 

[Sincerem]

I don't have much idea about how cryptocurrency is stake in binance ,i only use binance for trading and for storing of cryptocurrency, how does it work and how can I use it to make money ? I'm really interested to know about it.

I use Binance 100% for trading, saving, staking, storing coins, buying and selling coins and lots more. Its easier to use binance, just download their app via google play-store or app-store and set up an account and get started.

 

[Senator]

Staking of coins is one way for those who are newbies to still make something out of the cryptocurrencies space. I don't stake coin in binance, but I've known that one can a long time ago

 

[Jlife]

I use Binance 100% for trading, saving, staking, storing coins, buying and selling coins and lots more. Its easier to use binance, just download their app via google play-store or app-store and set up an account and get started.

Yes I know binance can be used for trading ,saving and storing of cryptocurrency I can also use it to buy and sell coins, I don't know how I can use binance for staking cryptocurrency as you said ,please explain more.

 

[Sincerem]

Yes I know binance can be used for trading ,saving and storing of cryptocurrency I can also use it to buy and sell coins, I don't know how I can use binance for staking cryptocurrency as you said ,please explain more.

When you must have created account and done KYC verification and got approved by Binance to use their services. You can go over to more options in the main interface, you'll see whole lots of options, search through it you'll find staking option.

 

[Jlife]

When you must have created account and done KYC verification and got approved by Binance to use their services. You can go over to more options in the main interface, you'll see whole lots of options, search through it you'll find staking option.

Is the staking you're talking about profitable, if I have $100 to start do you think I actually make up $100 within a month from the staking, between staking and trading, which one do you think will be more profitable for me to engage into.

 

[Sincerem]

Is the staking you're talking about profitable, if I have $100 to start do you think I actually make up $100 within a month from the staking, between staking and trading, which one do you think will be more profitable for me to engage into.

Staking isn't risky like trading. In staking of coins you'll recoup your staking power and your little profit too depending your APR interest rate. But in trading you need to be an expert to have chances of success.

I'll say as a newbie, you should first have a taste of Cryptocurrency investment via staking of coins. Using $100 to stake coins is a reasonable amount of money.

 

[Hena101]

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

That's very good that you make some profit from it, but it was unfortunate that I'm not using binance and i don't know much about binance i would have try it, i only used ruqqo wallet for any investment and trading I'm doing with crypto currency.

 

[Jlife]

Staking isn't risky like trading. In staking of coins you'll recoup your staking power and your little profit too depending your APR interest rate. But in trading you need to be an expert to have chances of success.

I'll say as a newbie, you should first have a taste of Cryptocurrency investment via staking of coins. Using $100 to stake coins is a reasonable amount of money.

Ok please I would like you to explain to me further, since you have an idea of what staking is all about and you have done it before, if I'm using hundred dollars to start ,how much do you think will be my profit.

 

[Nurudeen]

I'm only using binance to do buying and selling. Never heard of this staking of a thing. I will definitely make more research on it and see how it works and check the plan to make money from the most

 

[Sincerem]

Ok please I would like you to explain to me further, since you have an idea of what staking is all about and you have done it before, if I'm using hundred dollars to start ,how much do you think will be my profit.

Your profit depends on the APR, if for example the coin you opted for is up to 10% APR for one month. Then it means your interest will be 10% for the month when you stake with $100. Their are coins that have up to 47% APR.

 

[Dowenship]

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??

The Reason why 30 90days staking interval is lower compare to the 15 days is because the price can not be well define in the next 30-90 days but can in the next 15days.

 

[Sincerem]

The Reason why 30 90days staking interval is lower compare to the 15 days is because the price can not be well define in the next 30-90 days but can in the next 15days.

That 15 days internal of staking APR interest rate isn't still understandable to me. Most of the time I see from 30-90 days option, seeing the short duration type isn't available all the time.

 

[Dowenship]

That 15 days internal of staking APR interest rate isn't still understandable to me. Most of the time I see from 30-90 days option, seeing the short duration type isn't available all the time.

e get why.... Just as u have narrated what staking is that is an investment into the owner for them to invest into another thing. I think the period for the success of what the owner invested in lead to days we stake in.

 

[Jlife]

Your profit depends on the APR, if for example the coin you opted for is up to 10% APR for one month. Then it means your interest will be 10% for the month when you stake with $100. Their are coins that have up to 47% APR.

Please can you explain further ,I do not know the full meaning of APR, I am also interested in the staking but which crypto currency give me up to 47% APR as you said, thanks for your reply.

 

[Snazzy001]

From the first day I have been learning cryptocurrency, I don't think I have been introduced to an aspect where I have to stake

 

[Sincerem]

e get why.... Just as u have narrated what staking is that is an investment into the owner for them to invest into another thing. I think the period for the success of what the owner invested in lead to days we stake in.

Yes, the owner takes the money we staked for that period as ICO to raise more funds and develop the coin more, by airdropping it, advertising it to seek bigger investors. Then reward you at the end of the duration especially for the lower ranked coins.