Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: cryptoworld1 on October 19, 2023, 08:59:33 AM
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However, the risk on Binance is far less than staking the Ethereum directly. So the main risk while staking ETH 2.0 is that prices of ETH vs. BETH are volatile and change frequently.
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No way mate that it is risk for Binance exchange, safety is at highest level with much new security passwords that allow.You can even earn Ethereum there for profits throught weeks or months. You choose good if you want to keep your assets in exchange for long term.
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No way mate that it is risk for Binance exchange, safety is at highest level with much new security passwords that allow.You can even earn Ethereum there for profits throught weeks or months. You choose good if you want to keep your assets in exchange for long term.
I think binance is safe.
OP explained the risk on Binance is far less than staking the Ethereum directly.
He/she just asked, it's safe or not.
Staking in binance is safe, good luck...
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No way mate that it is risk for Binance exchange,
I think binance is safe.
Something that is stored on a centralized exchange like Binance, Coinbase, Kraken, BitFinex must have a fatal weakness due to the exchange going bankrupt (I pray it doesn't go bankrupt).
But for Binance, it is trusted that we can stake Ethereum in the Locked (eth 2.0, locked for 1, 2, 3 month etc.) and Flexible sections, depending on which section we are comfortable with for staking Ethereum.
But my suggestion is that staking Ethereum on Binance is not completely safe, maybe 50% is safe and 50% is not safe, especially since yesterday there was a change in the CEO of Binance who was originally Changpeng Zhao and changed to Richard Teng, we also have to be careful because CEO changes are common. there are always surprises.
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No way mate that it is risk for Binance exchange, safety is at highest level with much new security passwords that allow.You can even earn Ethereum there for profits throught weeks or months. You choose good if you want to keep your assets in exchange for long term.
I think binance is safe.
MtGox and many other dead bodies were safe too.
The problem is that the risk is not worth.
Binance may have legal probelm and your coins may get freeze. It may be hacked or whatever, many things may happen.
If you want to stake eth, I suggest using something recommended from ethereum.org
https://ethereum.org/en/staking/
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No way mate that it is risk for Binance exchange, safety is at highest level with much new security passwords that allow.You can even earn Ethereum there for profits throught weeks or months. You choose good if you want to keep your assets in exchange for long term.
I think binance is safe.
OP explained the risk on Binance is far less than staking the Ethereum directly.
He/she just asked, it's safe or not.
Staking in binance is safe, good luck...
What do you mean by it's safe?
I'm not sure if the OP understand how ETH staking really work. In other to stake, you need around 32 ETH in 2021 to personally stake your ETH but I think we have other validators that allow other people to stake with them but it wasn't available to unstake until earlier this year which is why I don't like the staking, most of the profits gain on ETH is wipe out by whales. But I think you can still stake your ETH to a validator and it's safe but you have to choose a good one. Custodial wallet like Trust wallet also offer this services and are much better than Binance since you hold the seed phrase and the private key.
Binance on the other hand might look safe but it's not practically advisable thing to do because you don't have the private keys to your coins and you can't unstake when you like, they control everything you do and if Binance is shut down today, you wouldn't have a place to fall onto. So anytime you are making decision to use Binance, check if there is way you can do it in a decentralized way.
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And add to this that this is Binance, who now is to pay multimillion fine to US, and now cooperate closely with US government. Previously Binance was more independant, now we dont know what Binance going to do next week or how tight US going to squize CZ balls. But take into considerstion, that despite your own wallet, there is not safer place in crypto.
In general is it worth staking on Binance? Does it offer good %? It is less than 3% APR. Other altcoins are more profitable.
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No way mate that it is risk for Binance exchange, safety is at highest level with much new security passwords that allow.You can even earn Ethereum there for profits throught weeks or months. You choose good if you want to keep your assets in exchange for long term.
I think binance is safe.
OP explained the risk on Binance is far less than staking the Ethereum directly.
He/she just asked, it's safe or not.
Staking in binance is safe, good luck...
Not just Ethereum but the rest of assets you put in Binance are completely safe out there. So for try other it is not loss for sure mate. Comparing for functionality in other exchanges, Binance have the most advantage in crypto. No mistake. Percentage for stake is in movement throught the year with slight high for years to come.
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Staking ETH on Binance has the same risks as staking on other exchanges. We know that Binance has a very good reputation (for some it is the best exchange) but anyway nothing is perfect and cybersecurity is no exception. At any time any exchange can have problems, and although we know that Binance has enough funds to return users' coins/tokens in the event of a disaster, that would mean that we would have to wait a long time until we can recover our funds. Personally, I have always preferred to stake independently, even if the percentage obtained is slightly lower.
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No way mate that it is risk for Binance exchange, safety is at highest level with much new security passwords that allow.You can even earn Ethereum there for profits throught weeks or months. You choose good if you want to keep your assets in exchange for long term.
I think binance is safe.
OP explained the risk on Binance is far less than staking the Ethereum directly.
He/she just asked, it's safe or not.
Staking in binance is safe, good luck...
Not just Ethereum but the rest of assets you put in Binance are completely safe out there. So for try other it is not loss for sure mate. Comparing for functionality in other exchanges, Binance have the most advantage in crypto. No mistake. Percentage for stake is in movement throught the year with slight high for years to come.
it may be safe since they are one of the biggest exchange. but remember that some countries today are planning to block binance. governments today is just regulating their people engaging in crypto.
India just recently demanded binance to comply to their laws. the SEC my country also plans to block binance. if it happens while i'm staking my ETH in binance, its doomed to stay there until unblocked.
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I am impressed about how many people consider leaving assets in binance "completely safe".
Be careful guys. Leaving money in exchange isn't ever completely safety.
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However, the risk on Binance is far less than staking the Ethereum directly. So the main risk while staking ETH 2.0 is that prices of ETH vs. BETH are volatile and change frequently.
In fact, every action we take in the crypto space definitely involves risk. But at least you take the top exchange and it looks like the risk is smaller. However, another risk is that you cannot sell my coins when staking. Not only that, the profits also usually not really high, but they are quite low APY. .
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However, the risk on Binance is far less than staking the Ethereum directly. So the main risk while staking ETH 2.0 is that prices of ETH vs. BETH are volatile and change frequently.
Maybe Binance is the most trustworthy for now when it comes to staking. Because we have seen how this exchange is continuously attacked by fud. But in reality the Binance exchange is still standing strong to this day. Even BNB, which is an exchange coin, also continues to have a positive trend in price. Doing any staking always has risks. This also includes staking Eth.
But I haven't tried eth staking yet. Because currently I am focusing on layer 2 of ethereum such as arbitrum which seems to continue to increase as the ecosystem continues to grow in the increasingly large arbitrage network.
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However, the risk on Binance is far less than staking the Ethereum directly. So the main risk while staking ETH 2.0 is that prices of ETH vs. BETH are volatile and change frequently.
Maybe Binance is the most trustworthy for now when it comes to staking. Because we have seen how this exchange is continuously attacked by fud. But in reality the Binance exchange is still standing strong to this day. Even BNB, which is an exchange coin, also continues to have a positive trend in price. Doing any staking always has risks. This also includes staking Eth.
But I haven't tried eth staking yet. Because currently I am focusing on layer 2 of ethereum such as arbitrum which seems to continue to increase as the ecosystem continues to grow in the increasingly large arbitrage network.
And I, in turn, still can’t decide on staking Ethereum on binance. I don’t have 32 ether, but binance is more suitable and safer than others for the available amount. But I still don't dare trust Binance
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Staking ETH on Binance has the same risks as staking on other exchanges. We know that Binance has a very good reputation (for some it is the best exchange) but anyway nothing is perfect and cybersecurity is no exception. At any time any exchange can have problems, and although we know that Binance has enough funds to return users' coins/tokens in the event of a disaster, that would mean that we would have to wait a long time until we can recover our funds. Personally, I have always preferred to stake independently, even if the percentage obtained is slightly lower.
You're right, staking in binance is same like at other exchange that have good reputation.
Binance popularity is bigger than other exchange.
If we talk about safe or not, I think It's safe.
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Staking ETH on Binance has the same risks as staking on other exchanges. We know that Binance has a very good reputation (for some it is the best exchange) but anyway nothing is perfect and cybersecurity is no exception.
You're right. There is no difference between staking in Binance and other CEXs. Since Binance is the best CEXs in the world, it is actually quite safe. However, we can't avoid the fact that CEXs is very risky because they should have no perfect security. Also, when we store our coins to CEX wallets, we don't have fully control of our crypto coins. That's probably why people assume it is risky to stake ETH in Binance. They feel worried because we will put our ETH for months on Binance.
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However, we can't avoid the fact that CEXs is very risky because they should have no perfect security.
There is nothing perfect in the world, friends, except that perfect is the cigarette brand from Indonesia "Sampeorna", and the word of Sampoerna the meaning is "Perfect". Awww LOL
Binance has many supporting factors why Binance is the number 1 exchange in the world.
Of course, the huge market cap traded on the Binance market has almost reached $81,737,756,948 (https://coinmarketcap.com/exchanges/binance/), which is extraordinary for Binance.
Staking Ethereum on Binance is really risky, because the so-called Centralized Exchange definitely has weaknesses, hacks, bankruptcy or anything that causes it to fail.
But back to my main line in this thread, namely that nothing is perfect and of course Binance also if it goes bankrupt will notify us so we can withdraw its assets from Binance, like Bittrex is doing now shortly after going bankrupt.
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ETH staking is the best way to make money on Binance and this is the time that we need to invest in the Binance in ETH and start staking on it. Crypto is the best market in the world which change so many peoples life and this time i change my life when the bull is strat because i buy some good coins on binance and hold that for the bull.
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However, the risk on Binance is far less than staking the Ethereum directly. So the main risk while staking ETH 2.0 is that prices of ETH vs. BETH are volatile and change frequently.
Maybe Binance is the most trustworthy for now when it comes to staking. Because we have seen how this exchange is continuously attacked by fud. But in reality the Binance exchange is still standing strong to this day. Even BNB, which is an exchange coin, also continues to have a positive trend in price. Doing any staking always has risks. This also includes staking Eth.
But I haven't tried eth staking yet. Because currently I am focusing on layer 2 of ethereum such as arbitrum which seems to continue to increase as the ecosystem continues to grow in the increasingly large arbitrage network.
And I, in turn, still can’t decide on staking Ethereum on binance. I don’t have 32 ether, but binance is more suitable and safer than others for the available amount. But I still don't dare trust Binance
Likewise, I also don't dare to entrust my assets to be staked on any exchange at this time. Last year I did staking but after there were many cases of bankruptcy of an exchange I started to become wary and it was better to keep it in my personal wallet. And it is better to ignore the profits that can be obtained from staking on exchanges.
Except for BNB when there is a launchpool event which requires participants to stake their BNB to take part in the launchpool.
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Binance seems very safe to me. Binance security is very well adhered to. At present, investing in Ethereum from Binance and holding it here for a long time will not cause any problem, these apps have been developed very nicely to ensure its security. You can undoubtedly hold Ethereum on Binance if you want.
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I couldn't trust any exchange, even one like Binance.The only thing I allow is staking using trans wallet. Today there are many opportunities for staking, maybe someone can write a few words about this and say what risks are present for the safety of their assets.I mean if staking is carried out in a trust wallet.
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However, the risk on Binance is far less than staking the Ethereum directly. So the main risk while staking ETH 2.0 is that prices of ETH vs. BETH are volatile and change frequently.
The price changing frequently is best for those who investing in accumulating , because they will sell when the price is increasing and buy when the price is decreasing in this strategy we will be increasing our holdings for till the Bull run comes .
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In my opinion, if there is platform on the crypto space where it is safe to stake coin/tokens, I think Binance is very safe compared to other Exchanges platforms out there. As a of matter facts, staking ethereum on Binance platforms is the best, because there are the king of exchanges, having proven to be financially stable. In a nutshell, customer funds are highly guaranteed on any events of a hack, crypto meltdown or a prolonged bear run.
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I am impressed about how many people consider leaving assets in binance "completely safe".
Be careful guys. Leaving money in exchange isn't ever completely safety.
Many Binance (and other exchanges) users are not really aware of the danger. It seems that they have forgotten (or are unaware) of what happened with FTX or Mt.Gox, to give two examples separated in time. I have always advocated for self-custody and self-staking so that we can always know what our coins/tokens are doing. Leaving them in an exchange is a danger since any day we can lose everything for just a small percentage.
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I am impressed about how many people consider leaving assets in binance "completely safe".
Be careful guys. Leaving money in exchange isn't ever completely safety.
Many Binance (and other exchanges) users are not really aware of the danger. It seems that they have forgotten (or are unaware) of what happened with FTX or Mt.Gox, to give two examples separated in time. I have always advocated for self-custody and self-staking so that we can always know what our coins/tokens are doing. Leaving them in an exchange is a danger since any day we can lose everything for just a small percentage.
Private wallet such as trust wallet, mew, metasmask etc are always being the first priority to safe our assets.
But If we want do staking , I think binance is safe.
I don't stake Ethereum in finance, because I'm a trader. I use my coins for daily trading.
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Op crypto is venerable, so it is common that ether price will change after your staking even sometime you can't do anything after staking on binance and you have to admit it. Binance can be considered as safe and you also know that but i don't recommend staking in exchanges cause exchanges got hacked serval time even before. So you should better to find some other place for staking
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Every platform supposed to be good untill it get hacked or get scammed. Maybe binance is trustworthy and considered as secure platform this time but nobody knows what will happened in tomorrow. So I can't assuring 100% valid certificate to any exchange while it comes to safety issue. A single decision can make your capital out of control from you hand. But its true to binance is more promising platform among other exchanges
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Every platform supposed to be good untill it get hacked or get scammed. Maybe binance is trustworthy and considered as secure platform this time but nobody knows what will happened in tomorrow. So I can't assuring 100% valid certificate to any exchange while it comes to safety issue. A single decision can make your capital out of control from you hand. But its true to binance is more promising platform among other exchanges
agree, I also believe binance is trustworthy.
I have used this exchange for along time and safe
So, we can stake Ethereum.in binance, no worries about it.
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Of course, all types of meat in any perfume still contain risks. it just depends on how much risk he will face. Binance is the top exchange in the crypto world globally which already has a very good and trustworthy reputation. So we can say that it still has risks, but the risks are lower than perhaps other platforms. The next consideration is related to how much profit we can gain from staking, whether it is worth doing in a certain time period.
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Binance is just one exchange and there are many other crypto exchanges like Binance that fall into the same category. But compared to other exchanges you can definitely consider Binance exchange to be safe even though some of the best exchanges in the market have cheated people. If your investment amount is relatively small then you can keep your investment in exchange account but if the investment amount is very large then it is better not to keep that investment in your exchange. In keeping your investment, you can use a wallet with more security in which your Ethereum will be protected. It will be safest for you to use hardware wallet, if hardware wallet is not possible then you can use myEthereum wallet.
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But compared to other exchanges you can definitely consider Binance exchange to be safe even though some of the best exchanges in the market have cheated people. If your investment amount is relatively small then you can keep your investment in exchange account but if the investment amount is very large then it is better not to keep that investment in your exchange.
It can be consideration, If we use huge fund , I think don't keep at your exchange. Wallet is still the best and more Safe.
But until now, I think Binance is safe.
I have used binance to keep my asset and safe.
No matter there.
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But until now, I think Binance is safe.
I have used binance to keep my asset and safe.
I don't think centralized exchanges are safe for several reasons:
Firstly the exchange can get hacked (we saw several cases last year)
Secondly, your exchange account could be hacked, and this happens frequently
Third, the exchange could declare bankruptcy, as also happened with more than one exchange last year
Finally, your account can be frozen due to a government request
For these reasons and others I do not see the exchanges as safe at all.
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I think from the year when it was create 2017,Binance did not have struggle or difficulities with earning or stake method. So risky it is not for sure because of user access to site security. Thumbs up for everybody want to stake Ethereum.
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However, the risk on Binance is far less than staking the Ethereum directly. So the main risk while staking ETH 2.0 is that prices of ETH vs. BETH are volatile and change frequently.
If you are stacking Ethereum on Binance it will definitely be risky because it will be under others. Although it is not so much in Binance, it is more in all other exchanges and when you turn your money into ETH and do a staking it is impossible to lose your money. When stocking ETH 2.0 when BETH becomes it is of course risky so you never take risky actions.
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I think from the year when it was create 2017,Binance did not have struggle or difficulities with earning or stake method. So risky it is not for sure because of user access to site security. Thumbs up for everybody want to stake Ethereum.
Yeah , I never hear binance has trouble about their stake. So, I think staking Ethereum in finance is no risk. Binance is reputable exchange and the biggest of exchange. Why we should doubt about this ?
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Yeah , I never hear binance has trouble about their stake. So, I think staking Ethereum in finance is no risk. Binance is reputable exchange and the biggest of exchange. Why we should doubt about this ?
As you mentioned, this exchange is very big and very well known; therefore, when some of their features have a problem, they definitely have a solution. I saw several years ago that the Binance exchange had a case of being compromised, but they have insurance that can handle it all, and so on. Currently, the Binance exchange is still considered the best exchange.
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As you mentioned, this exchange is very big and very well known; therefore, when some of their features have a problem, they definitely have a solution. I saw several years ago that the Binance exchange had a case of being compromised, but they have insurance that can handle it all, and so on. Currently, the Binance exchange is still considered the best exchange.
Yeps, Binance exchange is still considered the best exchange. I always do daily trading there. I used binance for along time, and I didn't heard about their security problem. We should have keep our password, email and 2FA. I think Binance is safe, no doubt to save our assets in binance . But for trading assets, but if yo want to hold you can choose personal wallet.
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When you start on Centralised exchanges it will be controlled by a third party. LOf course you will at that time the price will change quite frequently due to which you may lose money or face losses. When you intend to raise money from Ethereum by staking, of course, it depends on others and may involve risk to your money. But you have to work with such risks here but many people have taken such risks but they have not faced much loss so you can take such risks if you want.
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When you start on Centralised exchanges it will be controlled by a third party. LOf course you will at that time the price will change quite frequently due to which you may lose money or face losses. When you intend to raise money from Ethereum by staking, of course, it depends on others and may involve risk to your money. But you have to work with such risks here but many people have taken such risks but they have not faced much loss so you can take such risks if you want.
When participating in the market, we are forced to accept both risks and opportunities. The Bitcoin and Ethereum networks are not completely decentralized, so no matter how hard we try, the risk still exists.
To ensure safety, we should only store ETH in personal wallets instead of CEX.
If we want more profits from Staking, we are forced to fight and take risks. Node operation requires a minimum of 32 ETH and complex staking system, sending ETH to Binance and then staking and receiving APR is the easiest way.
Of course, Binance is not a 100%-safe place, but Binance's reputation has been confirmed for many years, we may not need to be too worried. If you are worried, withdraw ETH to your personal account.
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No i Couldn't think that. Binance is fantastic Exchanger. Binance is very secured Exchanger. Anyone can easily invest on Binance exchanger. I think it is very secure and trusted exchanger. And your quarry staking ETH on Binance risky? I couldn’t think it because Binance is Super Exchanger. People feel free on it
If you want to stake ETH on Binance you can easily capable to do it without any risk. If you get standard APR for staking you can do it. Staking is good Concept. For staking anyone cam use Binance exchanger Because this exchanger is more secured.
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When you start on Centralised exchanges it will be controlled by a third party. LOf course you will at that time the price will change quite frequently due to which you may lose money or face losses. When you intend to raise money from Ethereum by staking, of course, it depends on others and may involve risk to your money. But you have to work with such risks here but many people have taken such risks but they have not faced much loss so you can take such risks if you want.
When participating in the market, we are forced to accept both risks and opportunities. The Bitcoin and Ethereum networks are not completely decentralized, so no matter how hard we try, the risk still exists.
To ensure safety, we should only store ETH in personal wallets instead of CEX.
If we want more profits from Staking, we are forced to fight and take risks. Node operation requires a minimum of 32 ETH and complex staking system, sending ETH to Binance and then staking and receiving APR is the easiest way.
Of course, Binance is not a 100%-safe place, but Binance's reputation has been confirmed for many years, we may not need to be too worried. If you are worried, withdraw ETH to your personal account.
Staking is also risky even if you just hold a large amount of ETH in Binance it is still risky just like others said not your keys, not your coins.
Most of the POS or staking coins listed on Binance make you profit but not all some of them with high APR are very risky flexible or locked it generate some coins but the price is gradually decreases you might be lucky if you found an offer that makes you profit while the price of that coin/token is increasing.
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But until now, I think Binance is safe.
I have used binance to keep my asset and safe.
I don't think centralized exchanges are safe for several reasons:
Firstly the exchange can get hacked (we saw several cases last year)
Secondly, your exchange account could be hacked, and this happens frequently
Third, the exchange could declare bankruptcy, as also happened with more than one exchange last year
Finally, your account can be frozen due to a government request
For these reasons and others I do not see the exchanges as safe at all.
Neither CEX nor DEX guarantees 100% security. because the online world will definitely have its own risks to stay safe and survive or it could be hacked and destroyed. It cannot be denied that sometimes staking or saving can be a positive thing and can be quite effective for us. However, we really have to be able to consider it more optimally because after all we will not be able to guarantee that our investment and staking will run smoothly. Yes, just calculate the profits and risks that we will get. But at least if it's on Binance, it's more reputable compared to new platforms even though it promises multiple results.
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From my perception staking is less risky than trading because in trading two risk involved if you open wrong trade you can fall in big loss and if market is going down you also fall in loss but in staking you can earn a small amount regularly but if market fall down then you will fall in loss but i think for a newbi who dont have pure knowledge about trading ge or she have to staking the holding eth on binance.
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If I think negatively, maybe creating a Binance account is also risky because Binance is a centralized exchange.
Personal data, KYC, settings are all owned by Binance and including our assets which Binance owns, this is very dangerous than I thought.
Ethereum staking on Binance also definitely has different levels of danger. If Binance goes bankrupt then our Ethereum could also disappear.
But on the one hand, we also want to make a profit by staking Ethereum on Binance Exchange, there are two different sides, namely Positive and Negative, depending on whether we believe that Binance will not become a scam in the end. :)
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If I think negatively, maybe creating a Binance account is also risky because Binance is a centralized exchange.
Personal data, KYC, settings are all owned by Binance and including our assets which Binance owns, this is very dangerous than I thought.
Ethereum staking on Binance also definitely has different levels of danger. If Binance goes bankrupt then our Ethereum could also disappear.
But on the one hand, we also want to make a profit by staking Ethereum on Binance Exchange, there are two different sides, namely Positive and Negative, depending on whether we believe that Binance will not become a scam in the end. :)
Binance is the biggest exchange and very reputable. We may have concerns about the personal data we share when doing KYC, but until now I haven't heard any news about Binance data being leaked or not being used.
About finance will bankrupt, anything can happen in anywhere. So we shouldn't put the bug money there. Just for trading assets.
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From my perception staking is less risky than trading because in trading two risk involved if you open wrong trade you can fall in big loss and if market is going down you also fall in loss but in staking you can earn a small amount regularly but if market fall down then you will fall in loss but i think for a newbi who dont have pure knowledge about trading ge or she have to staking the holding eth on binance.
This depends on what coin you use to stake because when you stake in the right coin you can get a lot of profit and according to what you say, but when you stake the wrong way it will make you lose. Currently the coin and place that is suitable for staking is BNB and it is done on the Binance exchange.
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If I think negatively, maybe creating a Binance account is also risky because Binance is a centralized exchange.
Personal data, KYC, settings are all owned by Binance and including our assets which Binance owns, this is very dangerous than I thought.
Binance is the biggest exchange and very reputable. We may have concerns about the personal data we share when doing KYC, but until now I haven't heard any news about Binance data being leaked or not being used.
About finance will bankrupt, anything can happen in anywhere. So we shouldn't put the bug money there. Just for trading assets.
I also pray for the best for Binance so that it doesn't go bankrupt because I also have a few assets on Binance.
But still, as you said, whenever and wherever a company is established, it can go bankrupt if the company mismanages its finances.
Maybe for me Binance is suitable for just disbursing/withdrawl cryptocurrency into Fiat, for example via the Peer 2 Peer trading button.
Ethereum also on Binance has lots of features supported by Binance so many investors take advantage but we still have to do it with your own risk.
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I also pray for the best for Binance so that it doesn't go bankrupt because I also have a few assets on Binance.
But still, as you said, whenever and wherever a company is established, it can go bankrupt if the company mismanages its finances.
Yeah, me too. We should put few assets on binance or other exchange. I'm not professional trader, but just do trade in my spare time.
I also stake my Ethereum in binance but not much.
I save a large amount of my assets in personal wallet.
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Yeah, me too. We should put few assets on binance or other exchange. I'm not professional trader, but just do trade in my spare time.
I also stake my Ethereum in binance but not much.
I save a large amount of my assets in personal wallet.
I think staking is a pretty good step to increase your assets, but I prefer to stake in the form of BNB on the Binance exchange because you will get several new tokens that often appear at launchpad. When you have a large enough amount of BNB, your assets will grow a lot by utilizing BNB staking.
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Yeah, me too. We should put few assets on binance or other exchange. I'm not professional trader, but just do trade in my spare time.
I also stake my Ethereum in binance but not much.
I save a large amount of my assets in personal wallet.
I think staking is a pretty good step to increase your assets, but I prefer to stake in the form of BNB on the Binance exchange because you will get several new tokens that often appear at launchpad. When you have a large enough amount of BNB, your assets will grow a lot by utilizing BNB staking.
We know Binance as a reputable and top Centralized crypto exchange so op can stake ETH if he want but binance will not offer him a high APR interest for staking. so he can stake bnb as you mentioned. because even they also not offer high APR for BNB but if op stake bnb on Binance the he will get every Launchpad token freely. it will bring a good amount for him totally free. so BNB is always better then ETH for staking on Binance Exchange. so op can choice BNB without any double thinking
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I think staking is a pretty good step to increase your assets, but I prefer to stake in the form of BNB on the Binance exchange because you will get several new tokens that often appear at launchpad. When you have a large enough amount of BNB, your assets will grow a lot by utilizing BNB staking.
I was also going to suggest this option, its called launch pool rewards. We can find this on binance binance staking on earning. Actually if anyone who wanna hold alternative coin bnb then if he want some Extra profit with the holding then it can be a choice for him. I am also doing this currently.
Anyway, I wanna say even then I am also investing on it but people's should always be looks on these exchanges activities. Because all and at the end of the day they are centralized exchanger. We should not forgotten the incident of FTX exchangers.
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Yeah, me too. We should put few assets on binance or other exchange. I'm not professional trader, but just do trade in my spare time.
I also stake my Ethereum in binance but not much.
I save a large amount of my assets in personal wallet.
I think staking is a pretty good step to increase your assets, but I prefer to stake in the form of BNB on the Binance exchange because you will get several new tokens that often appear at launchpad. When you have a large enough amount of BNB, your assets will grow a lot by utilizing BNB staking.
Stake BNB in binance exchange is good, at the past I did it. Maybe I will consider doing it again, because we get new coins there.
There are always many ways to gain profits in the crypto world, we have to try all mate.
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Stake BNB in binance exchange is good, at the past I did it. Maybe I will consider doing it again, because we get new coins there.
There are always many ways to gain profits in the crypto world, we have to try all mate.
Yeah Until now, BNB staking provides many benefits for those who want to make a profit but don't need to trade and just save BNB with a lot of capital, so that will be an option that should be considered. However, it should be noted that the BNB staking program must first register how much BNB you want to use so that it is like there is a contract with the Binance exchange and is not purely just storing BNB.
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When you stake your ETH on an exchange, you are essentially trusting the exchange to safely maintain your assets and carry out the staking processes. Hacks, fraud, and technical failures can all cause funds to be lost on platforms. despite these concerns staking ethereum on exchanges may provide ease and perhaps a larger reward than staking separately. if you value decentralization and control over you're assets, you should carefully assess the dangers against the reward and consider alternatives such as staking through decentralized staking pools or building your validator node.
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When you stake your ETH on an exchange, you are essentially trusting the exchange to safely maintain your assets and carry out the staking processes. Hacks, fraud, and technical failures can all cause funds to be lost on platforms. despite these concerns staking ethereum on exchanges may provide ease and perhaps a larger reward than staking separately. if you value decentralization and control over you're assets, you should carefully assess the dangers against the reward and consider alternatives such as staking through decentralized staking pools or building your validator node.
It is true that with such staking there is a very high risk of losing the assets you use, but you should look at the Binance exchange which provides full insurance for those who stake. Several years ago around 2022, Binance was hacked and the Binance exchange still provides very high security and they also say that all user assets remain safe and everything is insured.
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Stake BNB in binance exchange is good, at the past I did it. Maybe I will consider doing it again, because we get new coins there.
There are always many ways to gain profits in the crypto world, we have to try all mate.
Yes. Staking BNB or ETH enables us to earn profits. Binance is the number 1 exchange in the world, it is quite safe exchange. Even if there is a problem with Binance security, they always responds it quickly. I'm sure they don't want to have a bad reputation because of the security reason. So, I assume it is quite safe to stake BNB or ETH in Binance. However, we must be wise to determine how long we stake BNB or ETH there.
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Stake BNB in binance exchange is good, at the past I did it. Maybe I will consider doing it again, because we get new coins there.
There are always many ways to gain profits in the crypto world, we have to try all mate.
Yes. Staking BNB or ETH enables us to earn profits. Binance is the number 1 exchange in the world, it is quite safe exchange. Even if there is a problem with Binance security, they always responds it quickly. I'm sure they don't want to have a bad reputation because of the security reason. So, I assume it is quite safe to stake BNB or ETH in Binance. However, we must be wise to determine how long we stake BNB or ETH there.
Binance really considers its users well, they have insurance that is able to cover all losses that may arise from disasters or hacker attacks as has happened in the past. With the experience that Binance has and still remains number one for all exchanges, this is quite a good achievement Therefore, as you mentioned, Binance remains the best for staking according to your wishes depending on the capital we will use.
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Stake BNB in binance exchange is good, at the past I did it. Maybe I will consider doing it again, because we get new coins there.
There are always many ways to gain profits in the crypto world, we have to try all mate.
Yes. Staking BNB or ETH enables us to earn profits. Binance is the number 1 exchange in the world, it is quite safe exchange. Even if there is a problem with Binance security, they always responds it quickly. I'm sure they don't want to have a bad reputation because of the security reason. So, I assume it is quite safe to stake BNB or ETH in Binance. However, we must be wise to determine how long we stake BNB or ETH there.
Binance really considers its users well, they have insurance that is able to cover all losses that may arise from disasters or hacker attacks as has happened in the past. With the experience that Binance has and still remains number one for all exchanges, this is quite a good achievement Therefore, as you mentioned, Binance remains the best for staking according to your wishes depending on the capital we will use.
Exchanges should not be relied on as we have seen big exchanges that have collapsed in the past. It will be sad to see that keeping funds in an exchange through staking finally makes us run at loss, due to the crash or bankruptcy of the exchange. Binance is big but is still run by humans, and that shows that they can also be hit. Staking is not my thing, and I keep all my coins in my private wallet. If you must stake only use the amount of money that you can afford to lose.
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I think staking is a pretty good step to increase your assets, but I prefer to stake in the form of BNB on the Binance exchange because you will get several new tokens that often appear at launchpad. When you have a large enough amount of BNB, your assets will grow a lot by utilizing BNB staking.
Staking is only good when you buy in a bear market, doing it in a bull market is always a trap by the teams to avoid selling and reduce pressure on the price of the coin. If the team were able to achieve a particular price, they encourage people to hold so as not to destroy the price but as a smart holder, it's not advisable to sell, when you stake, some smart contracts don't allow you to sell back immediately.
If I get the opportunity to hold during bear market, I can capitalize on my bag and stake and then unstake immediately as bull run start and keep the coins with me and then sell immediately after the price has reach my target and buy again in the bear market again.
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I think staking is a pretty good step to increase your assets, but I prefer to stake in the form of BNB on the Binance exchange because you will get several new tokens that often appear at launchpad. When you have a large enough amount of BNB, your assets will grow a lot by utilizing BNB staking.
Staking is only good when you buy in a bear market, doing it in a bull market is always a trap by the teams to avoid selling and reduce pressure on the price of the coin. If the team were able to achieve a particular price, they encourage people to hold so as not to destroy the price but as a smart holder, it's not advisable to sell, when you stake, some smart contracts don't allow you to sell back immediately.
If I get the opportunity to hold during bear market, I can capitalize on my bag and stake and then unstake immediately as bull run start and keep the coins with me and then sell immediately after the price has reach my target and buy again in the bear market again.
That's right, therefore, when you want to stake, you have to pay attention to the conditions of the exchange. If the conditions are bullish then it's better for us to trade manually, but when bearish happens then we can use the option to stake and of course with enough capital to get quite a lot of passive income every day.
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That's right, therefore, when you want to stake, you have to pay attention to the conditions of the exchange. If the conditions are bullish then it's better for us to trade manually, but when bearish happens then we can use the option to stake and of course with enough capital to get quite a lot of passive income every day.
good advice, staking should be done when it is bearish because when the market is good it is better to trade. Staking is a way to make a profit while waiting for the market to improve again. And this is also very suitable if we want to hold it for the long term
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That's right, therefore, when you want to stake, you have to pay attention to the conditions of the exchange. If the conditions are bullish then it's better for us to trade manually, but when bearish happens then we can use the option to stake and of course with enough capital to get quite a lot of passive income every day.
good advice, staking should be done when it is bearish because when the market is good it is better to trade. Staking is a way to make a profit while waiting for the market to improve again. And this is also very suitable if we want to hold it for the long term.
I think you told absolutely right, Staking is better when market gose to down. Because i also think bear market is appropriate for staking. We know staking gives us more coin which we staked.
Staking is better thin holding and trading some times. Because some times we loss from trading so it is rosky some times. And from only holding there has no other profit. But on the otherhand staking gives us double benefit.
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That's right, therefore, when you want to stake, you have to pay attention to the conditions of the exchange. If the conditions are bullish then it's better for us to trade manually, but when bearish happens then we can use the option to stake and of course with enough capital to get quite a lot of passive income every day.
good advice, staking should be done when it is bearish because when the market is good it is better to trade. Staking is a way to make a profit while waiting for the market to improve again. And this is also very suitable if we want to hold it for the long term.
I think you told absolutely right, Staking is better when market gose to down. Because i also think bear market is appropriate for staking. We know staking gives us more coin which we staked.
Staking is better thin holding and trading some times. Because some times we loss from trading so it is rosky some times. And from only holding there has no other profit. But on the otherhand staking gives us double benefit.
Good move, done when bearish because we will have difficulty trading when bearish, several times I tried trading when bearish always made a loss. It's best to stake and wait for the market to improve again. We can still get profits from staking
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Binance really considers its users well, they have insurance that is able to cover all losses that may arise from disasters or hacker attacks as has happened in the past. With the experience that Binance has and still remains number one for all exchanges, this is quite a good achievement Therefore, as you mentioned, Binance remains the best for staking according to your wishes depending on the capital we will use.
In the aftermath of the FTX collapse, many investors are seeking self-custody of their crypto assets and are hesitant to stake ETH on Binance. This is understandable, but for ordinary users, staking ETH on Binance for an APR of 3% per year is extremely convenient and easy, and Binance is also the top and most reputable CEX in the market.
The only problem is that this affects the decentralization of the network, as Binance will become the representative of users when they participate in the Ethereum network. Instead of dozens or hundreds of individual nodes, there will only be a single node managed by Binance. This is similar to the impact Lido is having on the Ethereum network: a decrease in decentralization. Nevertheless, this is only an issue for the Ethereum Foundation, and as an ordinary user, I am perfectly comfortable staking ETH on Binance to earn high APR.
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That's right, therefore, when you want to stake, you have to pay attention to the conditions of the exchange. If the conditions are bullish then it's better for us to trade manually, but when bearish happens then we can use the option to stake and of course with enough capital to get quite a lot of passive income every day.
good advice, staking should be done when it is bearish because when the market is good it is better to trade. Staking is a way to make a profit while waiting for the market to improve again. And this is also very suitable if we want to hold it for the long term
If someone wants to invest long term without trading ETH then holding his eth without selling so if he stakes his ETH at this time then his ETH amount will increase according to the APR rate. So if you think in this direction, staking is not bad. however, since Binance is a Centralis platform and has an authority to manage it, as we have seen in the bankruptcy of FTX, depositing money on a Centralis platform is very risky. If you want to think about this aspect, it is better not to do staking on Binance.
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If someone wants to invest long term without trading ETH then holding his eth without selling so if he stakes his ETH at this time then his ETH amount will increase according to the APR rate. So if you think in this direction, staking is not bad. however, since Binance is a Centralis platform and has an authority to manage it, as we have seen in the bankruptcy of FTX, depositing money on a Centralis platform is very risky. If you want to think about this aspect, it is better not to do staking on Binance.
Do you have any other suggestions, so that we can do staking not on Binance? For example on the official Ethereum platform. because for long-term holding we should take steps where while waiting we get daily or weekly profits, maybe even monthly or yearly. because long-term holding ethereum, if we buy it during a bearish season, it takes 3 years to hold it
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Lets just take a look at the work staking itself, if we can have a clearer understanding of it, we will know that its never a good idea to take by going for such, when we can have our Ethereum with us as we invest and hold on our personal wallet, then watch as the market continues and make profits without having to pass through any centralized body, we can achieve beyond what staking could offer us if we have patient for our investment on it.
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Lets just take a look at the work staking itself, if we can have a clearer understanding of it, we will know that its never a good idea to take by going for such, when we can have our Ethereum with us as we invest and hold on our personal wallet, then watch as the market continues and make profits without having to pass through any centralized body, we can achieve beyond what staking could offer us if we have patient for our investment on it.
All decisions and considerations for staking or storing your ethereum in a personal wallet and holding it long term until you get big profits when bullish, that is also a good decision. If someone thinks that storing ethereum in an exchange wallet is unsafe and is doubtful about it, thinks that the staking returns are not as big as the risk, and that is also good. Because we ourselves will bear the losses if the exchange has problems
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All decisions and considerations for staking or storing your ethereum in a personal wallet and holding it long term until you get big profits when bullish, that is also a good decision. If someone thinks that storing ethereum in an exchange wallet is unsafe and is doubtful about it, thinks that the staking returns are not as big as the risk, and that is also good. Because we ourselves will bear the losses if the exchange has problems
It's true, we will get profits easily when bullish occurs, but if we want to buy a lot of assets for staking then we should buy them in the bearish season. That way you can get lots of coins at very cheap prices. So after bullishness occurs like a few weeks ago you can sell it to get a profit from your staking results.
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All decisions and considerations for staking or storing your ethereum in a personal wallet and holding it long term until you get big profits when bullish, that is also a good decision. If someone thinks that storing ethereum in an exchange wallet is unsafe and is doubtful about it, thinks that the staking returns are not as big as the risk, and that is also good. Because we ourselves will bear the losses if the exchange has problems
It's true, we will get profits easily when bullish occurs, but if we want to buy a lot of assets for staking then we should buy them in the bearish season. That way you can get lots of coins at very cheap prices. So after bullishness occurs like a few weeks ago you can sell it to get a profit from your staking results.
Buying during a bearish season is the right decision that can be made for those who already have capital at that time. And if we don't have it, it will be difficult for us to do it.
Actually, if I see that the bullishness is not over yet, what happened was the beginning of the bull run after the Bitcoin ETF was approved, so there is still a chance to see the next bullishness
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Buying during a bearish season is the right decision that can be made for those who already have capital at that time. And if we don't have it, it will be difficult for us to do it.
Actually, if I see that the bullishness is not over yet, what happened was the beginning of the bull run after the Bitcoin ETF was approved, so there is still a chance to see the next bullishness
At least that way we can buy coins at a cheap price, because if we buy coins at the current price it seems like it will be too expensive, there is the potential for us to lose money when the price falls. Bullishness is not yet visible so I don't want to take the risk of buying coins when market conditions are going up a lot.
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Buying during a bearish season is the right decision that can be made for those who already have capital at that time. And if we don't have it, it will be difficult for us to do it.
Actually, if I see that the bullishness is not over yet, what happened was the beginning of the bull run after the Bitcoin ETF was approved, so there is still a chance to see the next bullishness
At least that way we can buy coins at a cheap price, because if we buy coins at the current price it seems like it will be too expensive, there is the potential for us to lose money when the price falls. Bullishness is not yet visible so I don't want to take the risk of buying coins when market conditions are going up a lot.
If you still have funds to buy, we should wait for market movements, because we know the current price is too high so it is very risky to buy. If the market crashes, we will lose. Moreover, there is war news, we have to be careful when buying at this time
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If you still have funds to buy, we should wait for market movements, because we know the current price is too high so it is very risky to buy. If the market crashes, we will lose. Moreover, there is war news, we have to be careful when buying at this time
It's true, buying coins when the price is high like this does involve quite a high risk, but if we apply the DCA method to buy coins with every capital we have then it doesn't feel like we will have a very large amount of cryptocurrency assets.
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If you still have funds to buy, we should wait for market movements, because we know the current price is too high so it is very risky to buy. If the market crashes, we will lose. Moreover, there is war news, we have to be careful when buying at this time
It's true, buying coins when the price is high like this does involve quite a high risk, but if we apply the DCA method to buy coins with every capital we have then it doesn't feel like we will have a very large amount of cryptocurrency assets.
What is the risk? If you buy at the current price and don't sell, there is no risk unless you sell when the price goes up? Because of high volatility, it is normal for the price to go down but trust me the price will go back up.
With the DCA method then it is better, I also do it but in the form of bitcoin not with ETH with DCA you will have an average price that is bought.
The risk is that you risk on a new platform or even on Binance which can collapse.
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However, the risk on Binance is far less than staking the Ethereum directly. So the main risk while staking ETH 2.0 is that prices of ETH vs. BETH are volatile and change frequently.
I'm not into staking nor not even in Ethereum these days though I still have my holdings but I have passed in using this because of their crazy transaction fees since months ago .
but asking if its safe or risky staking ETH in binance? then what more in other exchange that has not centralized?
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If you still have funds to buy, we should wait for market movements, because we know the current price is too high so it is very risky to buy. If the market crashes, we will lose. Moreover, there is war news, we have to be careful when buying at this time
It's true, buying coins when the price is high like this does involve quite a high risk, but if we apply the DCA method to buy coins with every capital we have then it doesn't feel like we will have a very large amount of cryptocurrency assets.
What is the risk? If you buy at the current price and don't sell, there is no risk unless you sell when the price goes up? Because of high volatility, it is normal for the price to go down but trust me the price will go back up.
With the DCA method then it is better, I also do it but in the form of bitcoin not with ETH with DCA you will have an average price that is bought.
The risk is that you risk on a new platform or even on Binance which can collapse.
That's the risk. Anytime, there's always a chance for Binance to just collapse like what happened to FTX and other centralized exchanges in the past.
I mean who would've thought that FTX will go bankrupt a few years ago? Who would've thought that Cryptopia back a few years ago will go bankrupt as well? None and I'm not saying that it will happen to Binance, but... it can happen anytime as well.
No offense to Binance since I'm using it as well, and the feature are pretty good, but knowing what happened in the past, there's always at the back of my mind the fact that anytime, Binance can go down as well. As for the OP's question, staking ETH on Binance isn't risky. What's risky is the fact that you invested ETH at first place and where you staked it. Volatility makes it risky, and putting it on Binance makes it riskier.
Overall, there's nothing wrong with putting your ETH on Binance and stake it as long as you're ready if something bad happens.
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That's the risk. Anytime, there's always a chance for Binance to just collapse like what happened to FTX and other centralized exchanges in the past.
I mean who would've thought that FTX will go bankrupt a few years ago? Who would've thought that Cryptopia back a few years ago will go bankrupt as well? None and I'm not saying that it will happen to Binance, but... it can happen anytime as well.
No offense to Binance since I'm using it as well, and the feature are pretty good, but knowing what happened in the past, there's always at the back of my mind the fact that anytime, Binance can go down as well. As for the OP's question, staking ETH on Binance isn't risky. What's risky is the fact that you invested ETH at first place and where you staked it. Volatility makes it risky, and putting it on Binance makes it riskier.
Overall, there's nothing wrong with putting your ETH on Binance and stake it as long as you're ready if something bad happens.
We should be able to deposit assets on exchanges such as Binance or stake there but in large amounts. Because we don't know how long this exchange will exist. Because of past experience. I just think Binance is a reputable exchange, and so far it is still safe.
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We should be able to deposit assets on exchanges such as Binance or stake there but in large amounts. Because we don't know how long this exchange will exist. Because of past experience. I just think Binance is a reputable exchange, and so far it is still safe.
That's right, as you have said, as long as you have enough capital, the amount you will be given will be quite high. Many whales have used this method to continue earning passive income every day. As long as we have lots of money, we can do anything that is profitable. Rich people will stay rich.
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We should be able to deposit assets on exchanges such as Binance or stake there but in large amounts. Because we don't know how long this exchange will exist. Because of past experience. I just think Binance is a reputable exchange, and so far it is still safe.
That's right, as you have said, as long as you have enough capital, the amount you will be given will be quite high. Many whales have used this method to continue earning passive income every day. As long as we have lots of money, we can do anything that is profitable. Rich people will stay rich.
People who have enough money can usually do all kinds of thinking with their money, and all kinds of thinking can be successful. Basically those who don't have enough money can't carry out all the activities they want. Like I have a small amount of money with this small amount of money I can not only do trading or I can only invest with this money but those who have enough money can plan both investment and trading at the same time. I have enough knowledge about trading so I traded with a small amount of money while the other traded with a lot of money so when both of them earn profit then the person who used more capital out of the two will get more profit. It is natural that the rich will stay rich but the middle class members can change their financial situation if they can manage themselves with proper planning.
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People who have enough money can usually do all kinds of thinking with their money, and all kinds of thinking can be successful. Basically those who don't have enough money can't carry out all the activities they want. Like I have a small amount of money with this small amount of money I can not only do trading or I can only invest with this money but those who have enough money can plan both investment and trading at the same time. I have enough knowledge about trading so I traded with a small amount of money while the other traded with a lot of money so when both of them earn profit then the person who used more capital out of the two will get more profit. It is natural that the rich will stay rich but the middle class members can change their financial situation if they can manage themselves with proper planning.
It's true, on average those who have money can do whatever they want, because money will make you happy. When we don't have money our life will become very difficult. People like us must maintain control over the finances we use in order to always make a profit and avoid losses.