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Quote from: ABCbits on May 24, 2024, 12:11:11 PMUsing CEX or other custodial staking platform is good when we're talking about convenience. But i'd rather consider non-custodial staking pool, where i can get the reward while keep ownership of the coin. Although popular coin (such as ETH) usually have low return rate these days.On the contrary, popular coins such as ETH do have decent rewards on some platforms. On Okex and Bybit for instance you get over 1% for using their flexible savings yield which is good considering the fact that these are secure places that have stood the test of time
Using CEX or other custodial staking platform is good when we're talking about convenience. But i'd rather consider non-custodial staking pool, where i can get the reward while keep ownership of the coin. Although popular coin (such as ETH) usually have low return rate these days.
Hello everyone, I assume most of us are familiar with staking as a passive income avenue, whether on DEX or CEX platforms.I'd like to ask, what factors do you consider before choosing a platform for staking? Is it flexibility, APY, or something else? Secondly, which platform do you believe offers the best APR for staking BTC, USDT, and ETH? Please share your opinions.
Actually, staking will be useful if the funds we stake are large enough and will affect the income from the % applied, but in my opinion, if the value is small, there is no benefit whatsoever if the asset we stake ends up going down. yes.... I have received information like what you said, especially for Bybit, where the % given is very decent and unfortunately there are restrictions. I don't know whether it's true or not because I haven't tried it.
Crypto staking is indeed something that is quite promising for us to do at the same time as our crypto holding process for a certain period of time. Usually this is done in an effort while waiting for a bullish era or at least the price on the market is in line with our target. Because staking usually has or provides its own benefits while we hold.So, some of the things I usually consider when choosing a platform for staking are:1. Trusted and reputable exchange/platformThat is certain and mandatory. I would much prefer a more trusted and reputable platform with smaller APY than a non-trusted and new platform even with higher APY. Because the security of my assets is much more important. Make sure that the platform has a good reputation and also a good level of security, because staiking will take a long time, so we have to be careful with the platform we choose, because it will make us feel safe.2. Its securityYes, this is what is related to the choice of platform above. The point is to choose one that has a good reputation for system security, security for our assets for a long period of time.3. RewardsOf course, it cannot be denied that rewards are also something to be taken into consideration because if the satking reward is too small, what's the point? it would actually be quite a waste to know about it. After realizing that the platform is safe and trusted, then also consider the rewards you can get for staking in a certain amount and period. compare between 1 platform and another.4. Fees & ConditionsThis is also important because after all we have to know what the fees are and what the conditions are. Don't try to find a platform whose fees are very large because this will increase the profits we get. Likewise, there are several conditions and requirements that must be met. 5. Choice of cryptoThis is probably important because we must first understand what cryptos are supported on the ETRSBEUT platform. We don't need cash to replace or convert our crypto to another crypto just for staking on that platform. For example, at least tehre are BTC, ETH, BNB, or USDTMore to read: https://www.redswitches.com/blog/top-15-crypto-staking-platforms/
Quote from: Smcchamp on May 23, 2024, 07:30:27 PMHello everyone, I assume most of us are familiar with staking as a passive income avenue, whether on DEX or CEX platforms.I'd like to ask, what factors do you consider before choosing a platform for staking? Is it flexibility, APY, or something else? Secondly, which platform do you believe offers the best APR for staking BTC, USDT, and ETH? Please share your opinions.To be honest I can't find any good APR for staking on any dex or cex , Like I have already staked 2k USDT on Binance But while their APR was high a few days ago, its rate has come down a lot. Moreover, currently, I earn some tokens from the lunchpool pad by staking FDUSD on Binance, although the last few lunch pool pad did not earn much profit.So I will suggest you that if you really need stable fund holding then you can make passive income by staking USDT on Binance or FDUSD stake during lunchpool.
Quote from: Joseph Lee on May 24, 2024, 10:15:01 PMQuote from: ABCbits on May 24, 2024, 12:11:11 PMUsing CEX or other custodial staking platform is good when we're talking about convenience. But i'd rather consider non-custodial staking pool, where i can get the reward while keep ownership of the coin. Although popular coin (such as ETH) usually have low return rate these days.On the contrary, popular coins such as ETH do have decent rewards on some platforms. On Okex and Bybit for instance you get over 1% for using their flexible savings yield which is good considering the fact that these are secure places that have stood the test of timeActually, staking will be useful if the funds we stake are large enough and will affect the income from the % applied, but in my opinion, if the value is small, there is no benefit whatsoever if the asset we stake ends up going down. yes.... I have received information like what you said, especially for Bybit, where the % given is very decent and unfortunately there are restrictions. I don't know whether it's true or not because I haven't tried it.
They've been lots of suggestions on the thread ready. I'll say explore them..someone mentioned PoolX with good APRs too. That looked interesting to me.