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Do you stake coins with binance?

  • Thread starter Thread starter Sincerem
  • Start date Start date
Seriously for the fun that I've been using the cryptocurrency website called binance for years right now without being able to know how to stake my cryptocurrency is something that is very frustrating and annoying to me right now.
 
Heatman said:
Alright, I'm definitely going to look into how I'm going to start staking my cryptocurrency and be making more money from it because it's not just buying it and holding it in the wallet and waiting for you to appreciate.
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That's it bro. You don't have to rely and buying of the coins only, cos that will take you some time to earn. With staking you can earn double investment, when the coin rise you earn together with your staking interest.
 
I am not into staking of coins, but that's hyper productive for people that stakes. Cos double reward comes from it especially when the coin is moving up in price.
 
Sincerem said:
That's it bro. You don't have to rely and buying of the coins only, cos that will take you some time to earn. With staking you can earn double investment, when the coin rise you earn together with your staking interest.
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Exactly, it's why I'm actually trying as much as I can to learn all the details about how to stake and trade coin in order to be able to make more money off my cryptocurrencies.
 
Heatman said:
Exactly, it's why I'm actually trying as much as I can to learn all the details about how to stake and trade coin in order to be able to make more money off my cryptocurrencies.
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That's reasonable idea, their are many ways of making additional earnings via crypto and staking is one of them. When you're Keen for it you'll make money off it.
 
I am using Binance just to swap coins and to send and receive coins. I use crypto currency banks to earn interest on my crypt currency assets. I find earning interest on Nexo better.
 
I have never staked any coin on binance but I would love to try it because it seems to be an easier way to earn than trading and it will not incure much loss
 
Staking is beneficial for long term hodlers. It means you have confidence in the coin and no matter how it goes down, you won't care because you believe it would go up. I don't stake because I'm not ready for that scenario.
 
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.
 
I've never done anything like this before, but if you stake a coin, would they pay you your interest in coin or USDT? Because paying in currency is preferable to paying in USDT.
 
I have some coin in the binance platform but I do not stake it , I consider it too minute for staking. Staking of cryptocurrency will require a lot of money to be able to make a tangible profit.
 
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