because I don't have a lot of ETH if I bet it won't get maximum profit so it's better for me to save it in my wallet, while I collect it little by little so that one day I can stake it on Binance or a trusted exchange that can bet ETH and even other coins.
because I don't have a lot of ETH if I bet it won't get maximum profit so it's better for me to save it in my wallet, while I collect it little by little so that one day I can stake it on Binance or a trusted exchange that can bet ETH and even other coins.I also don't have a lot of ETH, so I'm not really interested in staking ETH on Binance. Honestly, I'm afraid that ETH price will fluctuate wildly in the near future, and I won't be able to manage my account if I have to wait a few days to receive my ETH from staking. A small portion of my ETH is in Earn, and the rest is in OCO orders on Binance.
We frequently see people recommend staking ETH to get easy or passive income. But i wonder how exactly people stake their ETH? Using exchange or wallet are probably most convenient option, but usually at expense of trusting them. Other option require less trust, but less convenient and occasionally comes with higher fees.What I understand about the staking is give your funds access to the third party and here I have trust issue where should I stake my asset I have use binance for staking the USDT and the BNB some time they give interesting APR but I sawn that they didn't give a good APR on the Ethereum an that is the reason I don't stake Ethereum. And I have also some trust issues on the decentralized pool but I will take my eyes on it if I see some interesting APR rate may I could stake my Ethereum on that.
I've read thread Eth staking/savings options. Your opinion?. (https://www.altcoinstalks.com/index.php?topic=323221.0), but that thread primarily talk about highest APY/APR. For reference, SaaS refer to service where you stake 32 ETH or more where you give signing keys (not withdraw key).
In my case, I use my ETH in lend/borrow protocols, and I borrow other coins, like weETH for example, to invest in other protocols to earn points for future airdrops or to get another advantage (EigenLayer)That sounds like a smart strategy, especially if you’re focused on maximizing the utility of your ETH and taking advantage of lower fees on L2s. By using lend/borrow protocols and investing in other protocols, you’re able to keep your ETH liquid while also earning potential rewards through airdrops or other advantages. It’s a more flexible approach compared to staking, where your ETH would be locked up for a period with potentially lower returns. Plus, operating on L2s helps reduce costs, making your strategy even more efficient.
I consider this to be a better option at least in my case, as the return on the ETH stake is not so high that I can justify leaving it locked instead of using it for the purposes I mentioned above, and I can do this in L2s instead of ETH network (more expensive)
For me, the rewards from staking aren't worth giving up the opportunity to sell my ETH or use it to buy some other native tokens at more attractive price zones. The significant increase in ETH price during the bullrun will be enough to bring me satisfactory profits.
And I have also some trust issues on the decentralized pool but I will take my eyes on it if I see some interesting APR rate may I could stake my Ethereum on that.
Meaning the Defi projects in Eth gives more profit than staking Eth but isn't it as risky as sending your token to someone that could turn to scam the next day?DeFi protocols often offer higher APY than staking rewards, but they naturally come with more risks related to security or being exploited by hackers if vulnerabilities in the protocol are exploited. A safer option is to participate in LP on UniSwap DEX, I think UniSwap is quite secure because it has existed and been developed for many years.
I dont have a lot of ETH too but even if I do have I wouldn't be considering staking. It locks up our money and the platforms ask more when you withdraw before the scheduled date. In case of emergency, you lost money already and any time they could increase the fee too.
If I trust Binance as an exchange that has good legality, then I will definitely stake Ethereum on Binance, but I don't think I'm that interested in staking Ethereum on Binance, I'm afraid there will be a few obstacles if it is diverted to Binance.
I prefer to store it in the local market so that if there are certain obstacles, I can visit the head office, I store and stake Ethereum on the Indodax market.
I also have concern about those decentralized pool. It's hard to understand how it works and verify how decentralized or trustless are those pool.In the previous time I thought that may be decentralized pool or staking on decentralized platform would be good idea. And after doing some research what I understand by the staking is only that your fund you are putting on the third person hand who will give you interest and if the person is a fraud then you will loose your fund even that is decentralized platform.
Yes, I am grateful that the Indodax office is not far from my house, so when I have any problems with Indodax, I just visit the office to discuss how to solve the problem.If I trust Binance as an exchange that has good legality, then I will definitely stake Ethereum on Binance, but I don't think I'm that interested in staking Ethereum on Binance, I'm afraid there will be a few obstacles if it is diverted to Binance.That's great if exchange you use isn't far from where you live.
I prefer to store it in the local market so that if there are certain obstacles, I can visit the head office, I store and stake Ethereum on the Indodax market.
But how helpful is it when they don't provide document statement that you stake certain amount of ETH?For the document is not there, maybe I should provide information on the first ETH deposit to Indodax, then the first ETH stake in the "Earn" section. If the evidence is not enough, I will report Indodax to the authorities because Indodax is already supervised by OJK and BAPPEBTI.
because I don't have a lot of ETH if I bet it won't get maximum profit so it's better for me to save it in my wallet, while I collect it little by little so that one day I can stake it on Binance or a trusted exchange that can bet ETH and even other coins.I don't have a lot of ETH like you, so I don't do Ethereum staking. A few years ago when ETH was around $200 I was stacking it on the Binance exchange. Because staking means leaving your coins in the hands of others which is very risky because in case of cryptocurrency if you don't have your coins in non-custodial wallet you don't own it completely. Because at that time you will not have full control of that coin. Because of this, if the platform you do your staking on refuses to give you ETH back, you have no chance to get them back. So I don't like staking.
I think binance is still safe enough to store ethereum and do staking, I have also used the exchange wallet from binance and so far it has been safe. I do staking on binance and get the profit but the profit I get is not as big as I do daily trading, this is what makes me stop staking.because I don't have a lot of ETH if I bet it won't get maximum profit so it's better for me to save it in my wallet, while I collect it little by little so that one day I can stake it on Binance or a trusted exchange that can bet ETH and even other coins.I don't have a lot of ETH like you, so I don't do Ethereum staking. A few years ago when ETH was around $200 I was stacking it on the Binance exchange. Because staking means leaving your coins in the hands of others which is very risky because in case of cryptocurrency if you don't have your coins in non-custodial wallet you don't own it completely. Because at that time you will not have full control of that coin. Because of this, if the platform you do your staking on refuses to give you ETH back, you have no chance to get them back. So I don't like staking.
We frequently see people recommend staking ETH to get easy or passive income. But i wonder how exactly people stake their ETH? Using exchange or wallet are probably most convenient option, but usually at expense of trusting them. Other option require less trust, but less convenient and occasionally comes with higher fees.I also think staking is very profitable and Risk less. And Ethereum staking is more secured and profitable. But Rights now i have not any Staking on Ethereum. Few years ago i was stake Ethereum. And i was huge benefited from Ethereum staking. Now i haven’t enough fund so i couldn’t stacking Ethereum. I was did it on Binance. I think if anyone buy Ethereum and stake it for long time, it will be very very profitable for him. Now Ethereum price under $30k. I Think within short time it’s price will pump. And then we will be huge benefited there has no doubt.
I've read thread Eth staking/savings options. Your opinion?. (https://www.altcoinstalks.com/index.php?topic=323221.0), but that thread primarily talk about highest APY/APR. For reference, SaaS refer to service where you stake 32 ETH or more where you give signing keys (not withdraw key).
I think binance is still safe enough to store ethereum and do staking, I have also used the exchange wallet from binance and so far it has been safe. I do staking on binance and get the profit but the profit I get is not as big as I do daily trading, this is what makes me stop staking.Yes, Binance is a top exchange in the world that is trusted and has a high reputation. Well here, we just have to trust the staking program on the platform. Although it certainly does not guarantee 100% security, but compared to other platforms, especially new platforms that even offer APY that is many times higher than Binance, I personally will still choose Binance. Yes, because it is safe, rather than my money on other new platforms being stolen by them. hahaha
Hmm, Good topic I've voted for the decentralized pool for staking, TBH ETH staking will be one of the dominant names in this cycle and now ETH is heading up again I've tried to accumulate some and now I'm thinking for the staking, haha even I've mentioned my preference for staking still I would like to check on others comments and make a new decision at the same time. I'm pretty sure there will be no need to change my preference as most of people are gonna vote for decentralized pools.Staking is a good method if you have a large amount of ethereum and have a long-term holding plan. I only have a small amount of ethereum, so I trade to make a profit, not staking. If I had a large capital I would also like to do staking, unfortunately my capital is limited.
If I'm not mistaken, the APR for trading ETH on Binance is around 2.72%, right?
I got it from this info before, I tried it, but because the amount of ETH was also small, the reward was very small.
Source:
https://www.binance.com/en/earn/ethereum-staking
I'm pretty sure there will be no need to change my preference as most of people are gonna vote for decentralized pools.
Staking generally is good but risky in the sense that when the market turn bearish, it will be very certain that you will have to wait longer for the market recovery to get the actual profit earn during staking. The risks involved in staking is not only applicable to etheruem but all coins/tokens used to staked. If you stake during the bull run seasons, you will earn good rewards at the end but when market turn bearish it may becomes a loss.Sometimes, staking is a way for holders to hold their crypto more confidently during an uptrend when facing significant market fluctuations. However, it can sometimes lead investors to avoid cutting losses and suffer significant losses or miss opportunities to optimize the number of tokens in their accounts.
I prefer trading to staking and I think it pays better to trade than staking wether on short/long term basis.
In my case, I use my ETH in lend/borrow protocols, and I borrow other coins, like weETH for example, to invest in other protocols to earn points for future airdrops or to get another advantage (EigenLayer)Instead of locking your ETH in staking, where returns might be limited, you're opting for a more active strategy that could yield higher rewards, especially in terms of future airdrops or additional benefits from protocols. By borrowing assets like wETH and investing them elsewhere, you're effectively multiplying your potential gains while still maintaining exposure to ETH.
I consider this to be a better option at least in my case, as the return on the ETH stake is not so high that I can justify leaving it locked instead of using it for the purposes I mentioned above, and I can do this in L2s instead of ETH network (more expensive)
I haven't dared to do as you said "By borrowing assets like wETH and investing them elsewhere, you're effectively multiplying your potential gains while still maintaining exposure to ETH". Because I don't have the experience and expertise there. Currently I only stake ETH on binance, although the results are small but I feel safe. While for bigger results I do daily trading when the crypto market is good.In my case, I use my ETH in lend/borrow protocols, and I borrow other coins, like weETH for example, to invest in other protocols to earn points for future airdrops or to get another advantage (EigenLayer)Instead of locking your ETH in staking, where returns might be limited, you're opting for a more active strategy that could yield higher rewards, especially in terms of future airdrops or additional benefits from protocols. By borrowing assets like wETH and investing them elsewhere, you're effectively multiplying your potential gains while still maintaining exposure to ETH.
I consider this to be a better option at least in my case, as the return on the ETH stake is not so high that I can justify leaving it locked instead of using it for the purposes I mentioned above, and I can do this in L2s instead of ETH network (more expensive)
Staking generally is good but risky in the sense that when the market turn bearish, it will be very certain that you will have to wait longer for the market recovery to get the actual profit earn during staking. The risks involved in staking is not only applicable to etheruem but all coins/tokens used to staked. If you stake during the bull run seasons, you will earn good rewards at the end but when market turn bearish it may becomes a loss.Sometimes, staking is a way for holders to hold their crypto more confidently during an uptrend when facing significant market fluctuations. However, it can sometimes lead investors to avoid cutting losses and suffer significant losses or miss opportunities to optimize the number of tokens in their accounts.
I prefer trading to staking and I think it pays better to trade than staking wether on short/long term basis.
I've also encountered that problem. The price chart signals were very clear, but I needed to wait a few more days to receive the full staking rewards. Afterward, the token price dropped by 30%, while I only gained an additional 1% of tokens from the staking rewards. It was an important lesson for me to realize that staking is not always the best choice, even during a bullrun.
We know that staking is very good from cryptocurrency market. But we also know that all crypto currency market is also depending on risky. But we told that staking is not very risk for us. We also know that binance is one of the best crypto exchange in this time, when i want to stake our currency i think binance is the best exchange for me. Because i believe that binance is one of the best safty exchange for me. But i think trading is better than staking. So trading or staking i use binance exchange.I also do staking on binance all this time. Binance is the biggest exchange and I spend a lot of my time trading there. So far I do it both trading, staking etc. on binance is safe and there is no doubt binance provides security for its users. I do not try to do staking on other exchanges, because I trust binance more than others.
I don't have a lot of ETH like you, so I don't do Ethereum staking. A few years ago when ETH was around $200 I was stacking it on the Binance exchange. Because staking means leaving your coins in the hands of others which is very risky because in case of cryptocurrency if you don't have your coins in non-custodial wallet you don't own it completely.I also did that staking.
because I don't have a lot of ETH if I bet it won't get maximum profit so it's better for me to save it in my wallet, while I collect it little by little so that one day I can stake it on Binance or a trusted exchange that can bet ETH and even other coins.I don't have a lot of ETH like you, so I don't do Ethereum staking. A few years ago when ETH was around $200 I was stacking it on the Binance exchange. Because staking means leaving your coins in the hands of others which is very risky because in case of cryptocurrency if you don't have your coins in non-custodial wallet you don't own it completely. Because at that time you will not have full control of that coin. Because of this, if the platform you do your staking on refuses to give you ETH back, you have no chance to get them back. So I don't like staking.
We know that staking is very good from cryptocurrency market. But we also know that all crypto currency market is also depending on risky. But we told that staking is not very risk for us. We also know that binance is one of the best crypto exchange in this time, when i want to stake our currency i think binance is the best exchange for me. Because i believe that binance is one of the best safty exchange for me. But i think trading is better than staking. So trading or staking i use binance exchange.I also do staking on binance all this time. Binance is the biggest exchange and I spend a lot of my time trading there. So far I do it both trading, staking etc. on binance is safe and there is no doubt binance provides security for its users. I do not try to do staking on other exchanges, because I trust binance more than others.
There are several staking/restaking service lately to park your ETH, I stake where there is chance for an airdrop and project looks decent. I have staked my ETH currently on Swell [1] to farm their pearls which will be converted to airdrop soon.
[1] https://www.swellnetwork.io/
To overcome Binance’s high withdrawal fees, the first step is to choose a cheaper alternative network, such as Binance Smart Chain (BSC) instead of the expensive Ethereum network. Another common strategy is to wait until you have a larger amount of coins before making a withdrawal, so that the fees incurred are more proportional to the value of the assets being withdrawn. Additionally, paying attention to transaction times and waiting for a time when network fees are low can be an effective way to save money. If you are considering staking, be sure to compare the benefits you get from staking on Binance with the options of staking on a personal wallet or other platforms that may be more profitable. A combination of optimizing the network used, managing withdrawal times, and evaluating staking rewards can help reduce costs while maximizing profits.We know that staking is very good from cryptocurrency market. But we also know that all crypto currency market is also depending on risky. But we told that staking is not very risk for us. We also know that binance is one of the best crypto exchange in this time, when i want to stake our currency i think binance is the best exchange for me. Because i believe that binance is one of the best safty exchange for me. But i think trading is better than staking. So trading or staking i use binance exchange.I also do staking on binance all this time. Binance is the biggest exchange and I spend a lot of my time trading there. So far I do it both trading, staking etc. on binance is safe and there is no doubt binance provides security for its users. I do not try to do staking on other exchanges, because I trust binance more than others.
I'm sure you're heard risk of storing coin on exchange. But aside of that, how do you handle high Binance withdraw fee? After all, it could take profit from staking unless you stake tons of ETH on Binance.
To overcome Binance’s high withdrawal fees, the first step is to choose a cheaper alternative network, such as Binance Smart Chain (BSC) instead of the expensive Ethereum network. Another common strategy is to wait until you have a larger amount of coins before making a withdrawal, so that the fees incurred are more proportional to the value of the assets being withdrawn. Additionally, paying attention to transaction times and waiting for a time when network fees are low can be an effective way to save money. If you are considering staking, be sure to compare the benefits you get from staking on Binance with the options of staking on a personal wallet or other platforms that may be more profitable. A combination of optimizing the network used, managing withdrawal times, and evaluating staking rewards can help reduce costs while maximizing profits.We know that staking is very good from cryptocurrency market. But we also know that all crypto currency market is also depending on risky. But we told that staking is not very risk for us. We also know that binance is one of the best crypto exchange in this time, when i want to stake our currency i think binance is the best exchange for me. Because i believe that binance is one of the best safty exchange for me. But i think trading is better than staking. So trading or staking i use binance exchange.I also do staking on binance all this time. Binance is the biggest exchange and I spend a lot of my time trading there. So far I do it both trading, staking etc. on binance is safe and there is no doubt binance provides security for its users. I do not try to do staking on other exchanges, because I trust binance more than others.
I'm sure you're heard risk of storing coin on exchange. But aside of that, how do you handle high Binance withdraw fee? After all, it could take profit from staking unless you stake tons of ETH on Binance.