What are the available options for staking.

[AlphaBeta]

I'd like to know if there are still legitimate staking platforms for crypto, especially platforms that do not require a lot of technical know how.

For a while now, I've been trying to do some comparison for staking some of my assets. There's the option of my exchange, with the Hodler yield, and the upside is that it integrates earnings directly within the platform, so for example I can just hold USDE or WEETH and I'd get daily rewards.

But I want to explore every available option before I decide. By this I mean whichever has the better APR and is also safe. I'm not saying the option above is not safe, I just think it's better I get other options from people here before I make my decision.

[hugeblack]

Before looking for the return from staking or APY, it is important to look for the long-term performance of the currency/token, otherwise the 20% APY may be less than 5% APY if the long-term performance of the currency is bearish. https://www.stakingrewards.com/ gives you a good view of the market and comparison between the available opportunities and you need to work hard to predict the long-term behavior of the currency.

[AlphaBeta]

Staking can be a great way to earn passive income from your crypto holdings, and it's smart to explore all available options, legitimate staking platforms are still widely available and a few user-friendly options can be considered, there many staking platforms like Gemini which recently introduced a staking options for certain crypto assets, and they are known for its security measures, there is also Blockfi while it is not a tradition staking platform, they offer interest-earning accounts that function similarly staking by allowing users to earn reward on held cryptocurrencies. Other platforms like Kraken, Bitget, and Coinbase offer staking you can get them out to choose which would be preferable for you

Have you tried some of these, if you have which one would you recommend? Especially for someone like me that's big on safety.

[AlphaBeta]

Before looking for the return from staking or APY, it is important to look for the long-term performance of the currency/token, otherwise the 20% APY may be less than 5% APY if the long-term performance of the currency is bearish. https://www.stakingrewards.com/ gives you a good view of the market and comparison between the available opportunities and you need to work hard to predict the long-term behavior of the currency.

I get what you mean, and the good thing is for this option I just have to hold USDE and WEETH (which are quite stable compared to other tokens) and then get daily rewards.

I'd also check the link you sent, that would definitely help with making decisions in the future. 

[electronicash]

i thought blockfi already end ul as scam since it was rumored back in 2020 where people hasn't allowed to withdraw their assets.

 the easiest by far to do it is just stake if on centralized exchanges like its said above. most of us just stake on binance to earn from it. there is nothing else to do other just just stake the assets they allow to. most of these tokens are also those you csn stake on their own wallets.

[hugeblack]

I get what you mean, and the good thing is for this option I just have to hold USDE and WEETH (which are quite stable compared to other tokens) and then get daily rewards.
I'd also check the link you sent, that would definitely help with making decisions in the future.

Defining stability requires the token to reach a certain level of market capacity. From the launch of the token to its reaching one billion dollars, it needs several months to reach 5 billion dollars, which is a relatively small market capacity compared to USDT USDC, so it is better to deal with the token with caution.

[LogitechMouse]

I'd like to know if there are still legitimate staking platforms for crypto, especially platforms that do not require a lot of technical know how.
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But I want to explore every available option before I decide. By this I mean whichever has the better APR and is also safe. I'm not saying the option above is not safe, I just think it's better I get other options from people here before I make my decision.

You want to explore, but you don't want to face the technical side of it? There are some staking altcoins out there that doesn't need technical knowledge in order to stake, but if you want to maximize your profits, sometimes you need to do some research on it.

As for legitimate staking platforms for crypto/altcoins, I believe most staking coins have their own platform/software where you can stake your coins there and earn profit annually. I've staked Cardano, Cosmos and currently Solana already. I did some research on Cardano before staking back a few years ago. As for Cosmos, it's like a plug-and-play thing although you need to do a bit of research first especially on which pools can give you the largest yield.

I get what you mean, and the good thing is for this option I just have to hold USDE and WEETH (which are quite stable compared to other tokens) and then get daily rewards.

You're holding USDE and WETH?
For USDE, I think only CEX are the options for you to earn from it, and it doesn't technically staking. It's like your storing your stable coins on their exchange for some profits. As for WETH, I don't think there are any exchanges or platforms that are accepting WETH aside from Ronin only. Maybe you can unwrap it so it wil be more flexible.

[joniboini]

I get what you mean, and the good thing is for this option I just have to hold USDE and WEETH (which are quite stable compared to other tokens) and then get daily rewards. 

It's impossible to get the best of both worlds IMO, you'll have to sacrifice something since stability is not synonymous with high rewards. If that's possible no one would bother launching a competitive platform for staking. CMIIW.

That being said, is there any special reason why you stick with USDE instead of USDC or USDT? Wouldn't choosing the more liquid token give you more options if your goal is passive income for "staking"?

[Clark Anderson]

Legitimate staking platforms for crypto do exist, offering user-friendly options that don't require extensive technical knowledge. Centralized platforms like OKX, Binance, KuCoin, and Coinbase enable staking for various cryptocurrencies with potentially high rewards. Decentralized options like Margex and (link unavailable) provide flexible liquid staking and competitive APRs. When choosing a platform, consider factors like security, rewards, user experience, and regulatory compliance. Research each platform thoroughly, read user reviews, and compare features to make an informed decision that suits your needs.

[Faisal2202]

I'd like to know if there are still legitimate staking platforms for crypto, especially platforms that do not require a lot of technical know how.

For a while now, I've been trying to do some comparison for staking some of my assets. There's the option of my exchange, with the Hodler yield, and the upside is that it integrates earnings directly within the platform, so for example I can just hold USDE or WEETH and I'd get daily rewards.

But I want to explore every available option before I decide. By this I mean whichever has the better APR and is also safe. I'm not saying the option above is not safe, I just think it's better I get other options from people here before I make my decision.

I don't stake and I don't earn money from any APR model but I know one thing that is you can get only one thing safety or high APR if you want more safety the rewards would be lower and if you wants more return then the safety would be lesser so chose wiser.

Speaking of the two coins, I have heard about these coins from you before and they are not even good in my sight so why are you so bullish on them, are you trying to spam with these coins if yes then I guess according to their nature it is a good section but for shilling it is not.

[JISAN]

I'd like to know if there are still legitimate staking platforms for crypto, especially platforms that do not require a lot of technical know how.

For a while now, I've been trying to do some comparison for staking some of my assets. There's the option of my exchange, with the Hodler yield, and the upside is that it integrates earnings directly within the platform, so for example I can just hold USDE or WEETH and I'd get daily rewards.

But I want to explore every available option before I decide. By this I mean whichever has the better APR and is also safe. I'm not saying the option above is not safe, I just think it's better I get other options from people here before I make my decision.

Staking requires you to place your funds on any other centralized platform which is very risky for you.  No centralized platform can give you full security.  Hacking of various centralized platforms is constantly heard. Recently, $1.4 billion was hacked from a large exchange platform like Bybit.  So I think staking is not a good idea.  From this if you invest in bitcoins they put in a decentralized wallet to invest long girls or fold in a hardware wallet will give you more profit and safety than staking.

[hugeblack]

Staking requires you to place your funds on any other centralized platform which is very risky for you.  No centralized platform can give you full security.

Staking is supposed to be decentralized or based on POS algorithms. Some platforms offer the possibility of earning from locking tokens, but usually the promised profits are much higher than the actual profits.

[LogitechMouse]

Staking requires you to place your funds on any other centralized platform which is very risky for you.  No centralized platform can give you full security.  Hacking of various centralized platforms is constantly heard. Recently, $1.4 billion was hacked from a large exchange platform like Bybit.  So I think staking is not a good idea.  From this if you invest in bitcoins they put in a decentralized wallet to invest long girls or fold in a hardware wallet will give you more profit and safety than staking.

Yet, there are still investors who are risking their money and putting it on Centralized exchanges because... they have this kind of mindset like "I don't want my assets to be just stored on a wallet and not doing anything." For them, staking it on centralized exchanges is a way for them to "MAXIMIZE" their profits aside from the capital appreciation.

It happened with Bybit, and it can happen with any exchanges out there so if there's anybody here that wants to stake their tokens, I suggest don't stake it on Centralized exchanges. Certain staking altcoins like ETH, SOL, ATOM, ADA and others have their own software or platform where you can stake your tokens there and at the same time, have the control over it since you have the private keys. ATOM has Keplr for example, and ADA has Daedalus. You can stake it there.

[KryptoBull]

Staking requires you to place your funds on any other centralized platform which is very risky for you.  No centralized platform can give you full security.  Hacking of various centralized platforms is constantly heard. Recently, $1.4 billion was hacked from a large exchange platform like Bybit.  So I think staking is not a good idea.  From this if you invest in bitcoins they put in a decentralized wallet to invest long girls or fold in a hardware wallet will give you more profit and safety than staking.

Everyone will have their own choice to optimize profits from their crypto assets, holding and staking are both effective ways to increase assets, as long as investors choose truly valuable assets. I also often stake my tokens during DCA to receive a little more token without too much worry, I believe in the safety of Binance.

In addition to staking on CEXs, holders can also stake on the blockchain for greater security, or they can add liquidity on DEXs for more profit. I rarely participate in these ways, but it's really appealing and worth trying in the future when I have larger assets.

[Bobcrypto]

Before looking for the return from staking or APY, it is important to look for the long-term performance of the currency/token, otherwise the 20% APY may be less than 5% APY if the long-term performance of the currency is bearish. https://www.stakingrewards.com/ gives you a good view of the market and comparison between the available opportunities and you need to work hard to predict the long-term behavior of the currency.

Yes, your are very correct, the long term goal is actually a factor for consideration, otherwise staking become a waste of time and the asset value.
Most times stable coins staking seems better despite it low APY rates, at least you are sure of the value of your assets at the end of staking periods.
Bitcoin and some popular altcoins may be consider for long term staking because it has the potential to recover after many market dips or even bear run.