Is staking ETH on Binance risky?

[EthereumDev_]

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.

[masudginanjar]

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.

[DAMKAR]

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.

[TopT3ns]

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.

[JISAN]

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

[Crypto Library]

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.

[DAMKAR]

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.

[EthereumDev_]

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.

[Trisha Rola]

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.

[TopT3ns]

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.

[I-Bit]

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.

[pacar_tiri]

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.

[Sim_card]

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.

[Gurujebs]

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.

[TopT3ns]

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.