Make Money through Crypto Staking

[Destinyfejiro]

I really didn't know anything about this staking until recently. I'm currently using Tron link pro, I staked my Tron for a few weeks now and I have gained close to 2 Tron . Its small but its better than leaving the Tron in the wallet and earning nothing. Thanks for the info, I have understand a few things about the staking pool

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?

 

[mcjerry]

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.

Imagine earning 10 percent on my coin for a whole year. But let us come to think of it. This is also a way to earn extra income for those that are investing on crypto currency on long term that they buy a coin in order to sell it when the price skyrocket up. While waiting for that they will also have there coin increases a bit

 

[Josemendez]

I really didn't know anything about this staking until recently. I'm currently using Tron link pro, I staked my Tron for a few weeks now and I have gained close to 2 Tron . Its small but its better than leaving the Tron in the wallet and earning nothing. Thanks for the info, I have understand a few things about the staking pool

If you really want to earn more from your cryptocurrency , then you should consider staking in Popular exchanges and coins with good APR , providing liquidity for exchanges and yield farming .

 

[Jlife]

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?

4 percent yearly interest in cryptocurrency is not encouraging, I always believe that they will give at least 30 percent, I can't even stake my cryptocurrency with such a low amount of profit.

 

[Suba]

4 percent yearly interest in cryptocurrency is not encouraging, I always believe that they will give at least 30 percent, I can't even stake my cryptocurrency with such a low amount of profit.

The smallest annual reward rate of staking is 4%, there are also cryptos that give 15% rewards, if someone gives 30% then the crypto maker will go bankrupt, and you will get rich quick.

 

[Ralphjoe]

Imagine earning 10 percent on my coin for a whole year. But let us come to think of it. This is also a way to earn extra income for those that are investing on crypto currency on long term that they buy a coin in order to sell it when the price skyrocket up. While waiting for that they will also have there coin increases a bit

I don't really know if the coin that has taken will still be increasing in value so I don't really know if this idea of yours would really be very successful if it's going to be successful then I think it's a good way for someone to invest into cryptocurrency and at the same time I get there certain percentage of your investment coupled with the normal increment of your investment funds.

 

[Hena101]

Yeah i have seen people talking about how they earned from staking crypto currency but personally i don't know how it work and if all wallet allow that.

 

[mcjerry]

I don't really know if the coin that has taken will still be increasing in value so I don't really know if this idea of yours would really be very successful if it's going to be successful then I think it's a good way for someone to invest into cryptocurrency and at the same time I get there certain percentage of your investment coupled with the normal increment of your investment funds.

There is no way a coin will not come up after it has decreased in value. Go check back on how the coin works. You will see that all this coin never depreciate in value. They always appreciate in there price. No matter how the price fall the next or after will surely increase.

 

[Suba]

I don't really know if the coin that has taken will still be increasing in value so I don't really know if this idea of yours would really be very successful if it's going to be successful then I think it's a good way for someone to invest into cryptocurrency and at the same time I get there certain percentage of your investment coupled with the normal increment of your investment funds.

In my opinion, staking is the best crypto passive income, it can also be planned as a long term investment the value of the crypto amount will increase due to crypto rewards, you can learn big coins like Ethereum 2.0, BNB, Tezos (XTZ), Neo etc if you save it in a wallet Usually, the amount of crypto will not increase, it will only increase/decrease due to price changes. but if you save in a wallet that supports staking or in a staking pool then your crypto amount will increase every day or month.

 

[Emmy]

I've not done any crypto trading before but it's a good way to earn extra according to the way you wrote it here. I would also try it out soon.

 

[Kelly5]

If one has the patience, making money through cryptocurrency staking is one of the easiest ways still make money with cryptocurrencies without any work done on your part

 

[akinlolu99]

I'm not one of does people that believes I can make money through crypto. I don't believe it can take you on the long run when you don't large amount off cash invested.

 

[Jlife]

The smallest annual reward rate of staking is 4%, there are also cryptos that give 15% rewards, if someone gives 30% then the crypto maker will go bankrupt, and you will get rich quick.

In this case staking of cryptocurrency is only going be profitable when you have a large amount of money ,but if you don't have so much money it is just a wasting of time,

 

[tyrim88]

Though i am basically doing the investment and holding of crypto in my wallet,i do not really like the idea of the staking thing,because for me it would be better to trade with the cryptocurency than to keep it with that small amount of interest.

 

[Josemendez]

Though i am basically doing the investment and holding of crypto in my wallet,i do not really like the idea of the staking thing,because for me it would be better to trade with the cryptocurency than to keep it with that small amount of interest.

If you are doing short term trading with it ,then it is ok less you need to stake them and believe me , there is lots of reward from staking coins .you can benefit from Airdrop from the exchange .

 

[Ralphjoe]

In my opinion, staking is the best crypto passive income, it can also be planned as a long term investment the value of the crypto amount will increase due to crypto rewards, you can learn big coins like Ethereum 2.0, BNB, Tezos (XTZ), Neo etc if you save it in a wallet Usually, the amount of crypto will not increase, it will only increase/decrease due to price changes. but if you save in a wallet that supports staking or in a staking pool then your crypto amount will increase every day or month.

Well I can agree with you that to be a better way for someone to invest into cryptocurrency by sticking their cryptocurrency than just leaving the cryptocurrency in their wallet so I believe that it will be successful and more profitable than just keeping your cryptocurrency in your wallet.

 

[Good-Person]

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.

Well, as fas as I know crypto stacking only require one thing: a lots of cryptos. If you have a lots of cryptos, then you do not need knowledge. You just need to figure out the best platform where you can earn money by storing and staking crypto coins. That's it.

 

[Nomad]

Crypto staking is some what similar to fixed deposit bank account. Just like in the fixed deposit bank account, you keep the money for a fixed time and earn higher interest, by Crypto staking you will be able to earn higher interest on your crypto assets. However, when you are Crypto staking make sure you are using a legit platform

 

[Mayox25]

Thanks for this enlightenment on crypto staking it is new to me and I can see it's a good way to earn. I will do more search on it.

 

[Filicit]

Can we say that crypto staking is the same as crypto investment? I know that I deposit money in crypto wallet but I call that investment