Is staking ETH on Binance risky?

[DAMKAR]

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

[kulkhan]

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.

[de_prof]

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

[MrSpasybo]

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.

[JISAN]

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.

[de_prof]

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

[Aanuoluwatofunmi]

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.

[legend45]

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

[pacar_tiri]

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.

[doc]

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

[Google+]

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.

[de_prof]

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

[IvugeoEvolutionCoin]

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.

[salad daging]

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.

[bitterguy28]

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?