What factors do you consider before staking?

[yohananaomi]

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.

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

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.

[Unbunplease]

When choosing a staking option, you should look first and foremost at the yield (APY) and duration. The longer the term, the higher the yield. The minimum amount of money to invest is also quite important.

[MCcabe Rory]

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.

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

Flexible savings is a feature many CEX have introduced and I've tried on platforms like OKEX and Bybit. It's cool since I don't have to do anything than just some few clicks.  But rn, I'm experimenting Bitget's PoolX. The APY looks good, up to 28% for some. Still studying theirs and some other platform's security which is the most important. So while I look out for cool APRs, I don't underestimate platforms security setup.

[ABCbits]

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.

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

1% in a year sounds low to me. After all, staking ETH directly on ETH network (with non-custodial pool) currently give about 3% in a year.

[Crypto Library]

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.

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.

[Verica crypto]

Before staking, consider factors such as the project's reputation, team, technology, security measures, potential rewards, and overall market conditions.

[armanda90]

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.

Large amount or not staking keep not worth if reward under 10% or commonly some exchange under 5% every year, its better use as capital for trading and earn much profitable than staking reward under few percent in one year.
For Bybit staking with new coins has difference reward and there are allocated much reward but depend how many participants are joining. If less participant has potential earn much profitable from staking but get limitation around one or two weeks only for staking coins there.

[Smcchamp]

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/platform
That 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 security
Yes, 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. Rewards
Of 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 & Conditions
This 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 crypto
This 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 USDT

More to read:
https://www.redswitches.com/blog/top-15-crypto-staking-platforms/

I've learnt a lot from your writeup. Kudos to you for this. Seems you're experienced. If I have more questions I'll be sure to quote you.

[Smcchamp]

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.

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.

They've been lots of suggestions on the thread ready. I'll say explore them..someone mentioned Bitget PoolX with good APRs too. That looked interesting to me.

[Mr. Magkaisa]

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.

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

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.

        -   I somewhat agree that staking is only effective if you put a large amount of money into it, because if it's a small amount, you won't feel it. Because if you are only staking a small amount, it is better to do it in day trading instead of staking. 

This is just in my opinion; if the percentage is high, like 15% APY, that's really high. For example, if you have 1000 dollars within a year, you will have 150 dollars, and if you have 100 dollars, 1500 dollars is not bad in my opinion, right?

[Crypto Library]

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.

Before saying anything else I want to say that I haven't heard this project name before may be it can be legit because I am seeing at coin market cap it has a good volume but have some doubt clear what is their high aprs can explain it more where and how we can gain something.

[pmbug]

When I started my crypto journey, I bought a little bit of many different coins.  It took me a long time to figure out that staking was a thing.  I opened an account with Kraken back then in order to stake some of the coins I was already holding.  It worked great until the SEC/government cracked down on exchanges (Kraken in particular) offering US customers custodial staking services.  It wasn't long after that that I bought a Ledger Nano X, took self custody of my crypto and started learning how to stake my crypto natively.  It's been an adventure learning the different nuances in how staking works with each crypto.  Some are much easier to manage than others.  I wrote a pretty detailed report on my experience a few months ago here:

https://www.pmbug.com/threads/ledger-nano-x-and-staking-crypto.5401/

[Aanuoluwatofunmi]

I will not advise for staking with other crypto organizations when its something we can afford to make an investment on our own and hodl, this is what we have to understand concerning the way or channels through which we invest, secondly, we need to also understand that we must first be experienced in doing this before we go into it, we must learn how to speculate for the right time to stake or invest as such will determine how fast and high we are going to earn from such an investment if we really do it the right time.

[MrSpasybo]

I will not advise for staking with other crypto organizations when its something we can afford to make an investment on our own and hodl, this is what we have to understand concerning the way or channels through which we invest, secondly, we need to also understand that we must first be experienced in doing this before we go into it, we must learn how to speculate for the right time to stake or invest as such will determine how fast and high we are going to earn from such an investment if we really do it the right time.

I think we share the same view, but I will elaborate more.

For me, staking rewards are not important because the token price growth in a bull run is many times larger than the staking APR, not just 2-20% but 1000-10000%. Staking rewards are just passive income while I hold the token and wait for the right time to take profits in the bullrun distribution zone. Some airdrops are also attractive, but I can't control them, so I don't make decisions based on airdrops either, meaning I don't stake tokens to get an airdrop that I don't know about.

Therefore, I only care about the token, where to stake, and when and how long to stake.
+ A valuable token is a token that can bring profits from price appreciation in a bull run.
+ A staking platform can be a CEX or a crypto wallet application.
+ The staking time and duration should be in line with the profit-taking plan. For example, if I predict that BTC will reach its all-time high in Q1 2025, I can stake my ALTS for a maximum of 10 months.

A small note from me is that holders should not be tempted by staking rewards and miss out on profit-taking opportunity at the right time.

[bayu7adi]

The first consideration, of course, is considering how strong the coin or token of choice is. That will measure the risks we will take in the future. For example, BTC, ETH or BNB assets may only earn a small APY, when compared to less well-known tokens. Yes, that's because more stable prices are one of the calculations in determining APY.

Staking on a clear platform must also be done. It is very risky if you stake on a platform that is not well known and has many weaknesses. Remember that the potential for fraud in the crypto world is vast.

Since I don't want to take big risks, I will usually only compare staking top coins and the % APY earned vs the % APY offered by well-known banks.