Make Money through Crypto Staking

[Ralphjoe]

But is better than saving money in the bank. At least their is interest in what you are staking compare to saving money in the bank no matter how low the interest is.

Yes I agree with you that the amount of interest that you will get on the cryptocurrency as it is quite bigger than what you can get in any bank account but as far as I'm concerned I will not do it and I will not even save my money in the bank just for the sake of getting interest from it. The only reason that may make me to save money in bank is just to keep it for safe keeping and if I want to invest into cryptocurrency the only way that I will do it only by investment or by trading with it.

 

[Good-Person]

Well, I have looked into this crypto staking thing. I have found that it is not so much lucrative unless you invest a really good amount of money. You would need to invest thousands of dollars before you can earn a good amount. There are many crypto staking platforms out there.

 

[Ralphjoe]

Well, I have looked into this crypto staking thing. I have found that it is not so much lucrative unless you invest a really good amount of money. You would need to invest thousands of dollars before you can earn a good amount. There are many crypto staking platforms out there.

You are very right and I don't think that if you run stake a little amount of money that you will be able to get something substantial at the end of the year but if you are able to take some good amount of money then there is every possibility that you can get some good some tension amount of money as your profit.

 

[Good-Person]

You are very right and I don't think that if you run stake a little amount of money that you will be able to get something substantial at the end of the year but if you are able to take some good amount of money then there is every possibility that you can get some good some tension amount of money as your profit.

Yes, there are many platforms that provide staking profits to crypto holders and I have also heard that earning staking profits are kind of different from earning annual interest. There are many platforms that provide good profits but the caveat here is that you would have to invest really high amount of money.

 

[Ralphjoe]

Yes, there are many platforms that provide staking profits to crypto holders and I have also heard that earning staking profits are kind of different from earning annual interest. There are many platforms that provide good profits but the caveat here is that you would have to invest really high amount of money.

I just got an information from my finance account that they do pay an annual interest rate of 10% on their cryptocurrency staking and they said that the percentage rate can change based on the market and after her this news I started thinking that maybe I can give this to The currency's taking of a thing some thought and consideration.

 

[Abigael]

This is a great explanation about what crypto staking is really about. I have never know this before. But it sounds great and I would love to invest this way sometimes.

 

[Grandeur]

Wait a minute, if crypto staking is about leaving money in a wallet for some time then what is crypto investment, I must have been mixing it up since.

 

[mcjerry]

One thing that I don't like about crypto currency staking is that the profit that is given in return is very small. Some are 10 percent per year. The highest I have seen is 35 percent per year. I would rather trade with the money. If I trade, what I will earn in a week will cover what they are will to give in return for a year.

 

[Suba]

Wait a minute, if crypto staking is about leaving money in a wallet for some time then what is crypto investment, I must have been mixing it up since.

Ok, you are right crypto staking is about leaving crypto (which is classified as PoS) in a crypto wallet for a certain period of time and then you will get rewards while your crypto investment will get profit/loss from price changes.

 

[Good-Person]

This is a great explanation about what crypto staking is really about. I have never know this before. But it sounds great and I would love to invest this way sometimes.

You would need to invest a really huge amount of money and you must also need to trust the platform because many platform turn into scam after you depoist your money with them.

 

[Hena101]

Thanks for this information because i don't know that such thing exist, i only know of buying and holding for a period of time and sell.

 

[Chibson]

Staking cryptocurrencies can be a very good way to make money from cryptocurrency without necessarily trading. I think it is very good for beginners.

 

[Ub40]

You have given a detailed information above about crypto staking. I have learnt a lot. It can actually be another source of income if one understands how it works. I have not done staking with any of my coins so far though, but it is an area I will look into soon. Thanks for sharing.

 

[Ralphjoe]

One thing that I don't like about crypto currency staking is that the profit that is given in return is very small. Some are 10 percent per year. The highest I have seen is 35 percent per year. I would rather trade with the money. If I trade, what I will earn in a week will cover what they are will to give in return for a year.

You are very right as to pop it that most cryptocurrency exchange platform marking for cryptocurrency staking is just too small in fact I got a message from binance that the amount of interest that they will be paying on any cryptocurrency except that the state with them would be 10% per annum or does the percentage can change based on the market situation daily.

 

[Good-Person]

Staking cryptocurrencies can be a very good way to make money from cryptocurrency without necessarily trading. I think it is very good for beginners.

Yes, it is a good way to earn money. Unfortunately, many people were also scammed by many such kind of platforms that were actually HYIP programs disguised as staking platforms.

 

[Grandeur]

Ok, you are right crypto staking is about leaving crypto (which is classified as PoS) in a crypto wallet for a certain period of time and then you will get rewards while your crypto investment will get profit/loss from price changes.

I wasn't even aware if this until I read this post and saw some off the replies too, that's one of the reasons I like this website, I get to learn everyday.

 

[kayode10]

Cryptocurrency stock in requires a lot of fundamental knowledge about the Dynamics of cryptocurrencies especially the likes of Bitcoin. you need to be conversant with cryptocurrency trading before you vegin with the stacking.

 

[gammarays]

I can't do all this crypto staking because the rewards yearly is not good enough. Moreover, the credibility is what matters to me alot and how and ways they get paid for the service of storing crypto. It not new to me about crypto staking and the like of doubling your crypto by investing but I don't trust the system.

Yes,I don't like the apr allocated to crypto staking. You have to follow from start to earn a high return. It reduces with time. Others with fixed stakes are usually below 100% for a year.

 

[Setho]

I have one through crypto staking a few times before. When tlm was newly launched on binance I had the opportunity to stake bnb and then got the tlm.

 

[Shigobad2020]

Crypto staking is an activity to make passive income by storing crypto in a wallet for some time generally a month to validate transactions on the blockchain system and we will get new crypto rewards every month. So the way staking works is like we deposit money in the bank and will earn interest.
What cryptos can be staked?
Not all cryptocurrencies can be staked but only crypto classified as PoS that we can only stake such as Eth 2.0, Polkadot, Ethereum, Reddcoin, Cardano etc.
Types of Staking Staking
I think there are two types of crypto staking, namely independent crypto staking and joining a staking pool. Independent crypto staking or self staking we only need to install a crypto wallet that supports stake both desktop and mobile wallets, such as Atomic, Tron wallet, Yoroi etc. My experience using a mobile wallet for staking is slow to get rewards. while using desktop wallets often get synchronization disorders so that it will slow down rewards.
Join the Staking Pool, nowadays there are many sites that provide online staking, (but be careful of scam sites). So you should choose a well-known Crypto Exchange such as, OkeX, Poloniex, Binance, Kraken etc. A few months ago who also discovered a microwallet Expresscrypto.io also provides five crypto staking such as:
Tron (TRX) - Reward 6.301% yearly
Reddcoin (RDD) - reward 16% yearly
Cardano (ADA) - reward 4.011% yearly
Komodo (KMD) -reward 4.011% yearly
Tezos (XTZ) -reward 4.011% yearly.
So what do you think and your experience is crypto staking profitable?

I have been earning through crypto staking for awhile now and i prefer it to crypto currency investment in the sense that my coin is safe in my wallet and it keeps increasing daily.