Make Money through Crypto Staking

[tyrim88]

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?

This is really a good one about staking,though i have been properly brief about the workings,it is really a good way and method to save your cryptocurency rather than to like save it in a bank that would not yield you nothing.

 

[Suba]

This is really a good one about staking,though i have been properly brief about the workings,it is really a good way and method to save your cryptocurency rather than to like save it in a bank that would not yield you nothing.

Actually staking and depositing money in a bank are almost the same, both of which generate interest in our bank while staking works as validator nodes which will also generate new crypto, for example if you store ADA in your Yoroi wallet, Daedalus or on a crypto exchange.

 

[tyrim88]

Actually staking and depositing money in a bank are almost the same, both of which generate interest in our bank while staking works as validator nodes which will also generate new crypto, for example if you store ADA in your Yoroi wallet, Daedalus or on a crypto exchange.

Ok i now get it,but from what i can observe in the percentage earnings the gains is almost as what you can get in a fixed deposit from your bank,only that in the case of cryptocurency you can use the least you have to stake,unlike in the bank where they have a minimum amount you can do for a fixed deposit.

 

[Suba]

Ok i now get it,but from what i can observe in the percentage earnings the gains is almost as what you can get in a fixed deposit from your bank,only that in the case of cryptocurency you can use the least you have to stake,unlike in the bank where they have a minimum amount you can do for a fixed deposit.

Of course you will be able to visit the official crypto site that you will stake, and you will find out what percentage of the rewards you get, or you can search for information on search engines.

 

[Lens]

It seems there is a paradigm shift from trading to staking in the cryptocurrency space. The reason is that you need not worry about losing your fund because the specified or agreed interest is constant. So , why bother yourself trading when you can stake and earn more cryptocurrency depending on the amount stakes.

 

[tyrim88]

Of course you will be able to visit the official crypto site that you will stake, and you will find out what percentage of the rewards you get, or you can search for information on search engines.

Well i thank you for the enlightenment,at least i have been able to know about the issue os staking and how it can be beneficial irrespective of your cryptocurency holdings in your wallet.It is really a good alternative.

 

[McIrx]

Also, automated money maker AMM like Pancakeswap, Bakeryswap, and the rest can really help you in making serious returns on your staking. You can earn from 14% APY to as much as over 500% APY. And honestly, these numbers are real.

500%? That's a lot of gain right there. I've seen the staking stuff of Pancakeswap but I'm finding it hard to venture into it considering the possible risk it carries in terms of loss.

 

[Kelly5]

Cryptocurrencies staking has been around for a while with us now. Most of the cryptocurrency exchanges do practice cryptocurrency staking even. For instance, the binance exchange has it own saying plan too for those interested in staking their coins with them

 

[joy101]

Thanks for the information this is really good way to make money also my first time of hearing this information, I think is the best way to make money.

 

[kayode10]

I think it is better to learn about cryptocurrency trading rather than staking your money. cryptocurrency trading give you control over the thing you are going to invest on.

 

[Suba]

I think it is better to learn about cryptocurrency trading rather than staking your money. cryptocurrency trading give you control over the thing you are going to invest on.

I agree with you, but a crypto trader will not use all his cryptocurrencies to trade, of course there is some that is kept as an investment, than your crypto sitting in a wallet does not produce anything it is better to use it as crypto staking either in binance or in your own wallet.

 

[Kunkun]

Have heard alot about crypto currency staking and how its quite profitable too if done right and effectively and there are platforms too where one can carry out such options too

 

[Justin]

I am using Binance and Binance has staking feature. However, I am yet to stake my coins on Binance. I have never heard of Expresscrypto.io as mentioned by the OP but I am willing to try Expresscrypto.io and see if I can benefit from staking.

 

[nimzy]

Good talk about stocking I know this will really helped individuals who.may wish to start because I believe that this stocking is more like saving bitcoin into your wallet for a period of time before selling it out for profit making.

 

[Riciakenosha]

I have always wanted to get money from this form or type of way to earn money I took the issue of making money through staking to very trusted YouTubers who helped me find genuine things

 

[Sotherefore]

This may not actually be profitable if you are using small capital because the return on investment is always too small ,you can only be able to enjoy this perfectly when you are using millions of Dollars or thousands.

 

[Tolumi]

500%? That's a lot of gain right there. I've seen the staking stuff of Pancakeswap but I'm finding it hard to venture into it considering the possible risk it carries in terms of loss.

Its better you stick to staking of a single coin, although their returns are relatively lower than when you create a liquidity pool of 2 tokens you dont incur any additional risk except those already associated with buying and holding a cryptocurrency.

 

[Abigael]

I am so glad to have learnt today what crypto staking involves. I always just read about it but I have never really known what it involves. I think it is a good method of investing in crypto. I will try this soon with Binance.

 

[Good-Person]

Crypto staking can be a great way to make money but you would require a huge amount of money in order to stake crypto and make money because the yearly profits provided by staking platform is not too much.

 

[Dagm1]

To be quite honest, this is the first time I've heard of crypto stacking. The only place I've ever started is with domain name authority stacking. You may use various tactics to increase the value of a domain name on Google and hence rank for more keywords.