Is crypto staking risky?

[Manrich]

Crypto staking has been beneficial, especially with CEX that offers high APR.

this is my question, what are the risk involved in staking cryptocurrencies?

which CEX offer more high APR?

[rdluffy]

Speaking only about the stake in CEX
You run the risk of the exchange being hacked or becoming insolvent. It's a bit difficult to happen, but it's not uncommon

Which coinn would you like to stake? It depends on the coin to know which APR is best at the moment

[Charles-Tim]

Assuming you stake SOL when it was $250 and now less than $140. It is 1.78x down. The staking is 5% APR but you are losing 1.78 times of your money already. Which means you are losing because the yield is little than the loss.

What if SOL still fall further.

But after massive bear market, you can gamble with staking.

[Faisal2202]

Crypto staking has been beneficial, especially with CEX that offers high APR.

this is my question, what are the risk involved in staking cryptocurrencies?

which CEX offer more high APR?

I agree with Charles-Tim as his point makes a sense. I have done staking a few times to experience things, as I don't want to earn money from staking, as I also found it risky, so, the one big reason he has already mentioned.

It can be risky, but if you are optimistic about Sol, or ETH, or whatever coin you choose, and think it can pump in the long run, then I think it's worth the chance, but TBH, many are considering ETH at the current momentum dead, so be wise, and if you come to think of staking BTC using some L2 or wrapping, that can work but not worth the risk.

[electronicash]

Crypto staking has been beneficial, especially with CEX that offers high APR.

this is my question, what are the risk involved in staking cryptocurrencies?

which CEX offer more high APR?

I agree with Charles-Tim as his point makes a sense. I have done staking a few times to experience things, as I don't want to earn money from staking, as I also found it risky, so, the one big reason he has already mentioned.

It can be risky, but if you are optimistic about Sol, or ETH, or whatever coin you choose, and think it can pump in the long run, then I think it's worth the chance, but TBH, many are considering ETH at the current momentum dead, so be wise, and if you come to think of staking BTC using some L2 or wrapping, that can work but not worth the risk.

it must have been worth it if he bought SOL when its less than $50.

so if there is a POS token that is very cheap for now and got a potential, it will be worth staking when the price is already flying high like $10. this will require a man to be very patient with all his time in the world to wait.

but i do agree about the risk involve in staking inside the CEX. there is one exchange that is worth doing,  binance.

[JISAN]

Crypto staking has been beneficial, especially with CEX that offers high APR.

this is my question, what are the risk involved in staking cryptocurrencies?

which CEX offer more high APR?

Staking means that your crypto is out of your control. When you stake, you will not be able to control your crypto as you wish. Then it will be locked. So of course there will be risk here. If that centralized platform somehow refuses to give you your crypto, then you will not be able to get your crypto back. So if the platform is not trustworthy, then you should not staking. No matter how big the APR offer is there

[Zed0X]

Yeah, you gotta know when to stake and when to take it out. Some people are caught up with the APR and think it's going to last for a long time that's why they lock it for some period. Later on, they realize that the value of the coin has fallen a lot and they are still stuck.

[TomPluz]

We have to be aware that almost all the things we are into in this cryptocurrency industry can be risky even just hodling one because an asset can go down and if you happen to got into a shitcoin it can be dead in its right time. Now, staking can be a good passive opportunity to make money using your asset in the process akin to the idea of using money to make money. But of course, there are risks involved. The asset you staked can go down in price anytime and the platform you are staking with may experience some problems later (so go into credible and solid CEXs). You need to balance these risks so that at the end you can be a big winner. I am not into staking and I am not aware of a good CEX we can rely on for staking.

[bayu7adi]

this is my question, what are the risk involved in staking cryptocurrencies?

If mentioning something that makes us uncomfortable when staking crypto is included in the risk, then of course there is...

The first is that staking means there is no other decision than holding... as much as possible a person who does staking will avoid selling his assets in order to get a reward.... therefore, you may miss the moment when the assets you stake experience a great bullish, you will have difficulty selling them, maybe because of certain regulations or restrictions related to this staking...

Then, every service provider platform can also experience hacking where we all certainly cannot control this hacking, it happens suddenly and we all will only realize it when we have become victims... so there is a possibility that we will experience this...Even looking for a very credible third-party platform will still have the possibility of being hacked...

[KryptoBull]

Yeah, you gotta know when to stake and when to take it out. Some people are caught up with the APR and think it's going to last for a long time that's why they lock it for some period. Later on, they realize that the value of the coin has fallen a lot and they are still stuck.

Staking should only be done during an uptrend, meaning prices keep rising and holders earn a little extra while waiting for the signal to take profits. Staking when the market is at its peak could cause investors to miss the best opportunity to exit the market with the highest profits. Protocols usually require 2-5 days for holders to get their tokens back.

Personally, I only use Flexible Savings on CEXs so I can get small rewards and not miss any profit-taking opportunities. I'm afraid that if I don't take profits, someone else will and drive the price down

[Fivestar4everMVP]

Crypto staking has been beneficial, especially with CEX that offers high APR.

this is my question, what are the risk involved in staking cryptocurrencies?

which CEX offer more high APR?

I lost around $440 dollars in the year 2022 or 2023 to staking on cex, since then, I've sworn never to stake my crypto on any cex again..

I staked $440 worth renec tokens when they newly launched and got listed on Bkex exchange, the staking program was launched and was to run for 30 days with an APR of 180%, this was to celebrate the tokens successfully listing on the exchange,  I thought this was a good opportunity to double the amount of renec tokens I help at that time, so I staked all my tokens worth $440 at the time. 17 days into the staking, the exchange stopped processing withdrawals, they promised they will fix the issue but 5 says before the Staking will expire, users could no longer be able to access their account on the exchange, soon after, the site went offline and that was how we all lost our money...

Staking on Cex is very risky, most especially for long term, anything happens to that exchange, your money will be gone forever.

[Mr. Magkaisa]

Crypto staking has been beneficial, especially with CEX that offers high APR.

this is my question, what are the risk involved in staking cryptocurrencies?

which CEX offer more high APR?

        -    Maybe you always read that most people here on the forum and even on other platforms say " Not your Key, Not your coins " there is almost no difference from a traditional bank. The only risk is that if it suddenly closes you will have nothing to claim.

Especially if you suddenly declare bankruptcy, so as a user of an exchange you will really decide whether you will entrust your funds to the cex platform that whatever happens and if there is a problem, are you willing to accept it without getting anything back from you. In short, you should really be a risk taker, or hold what you can afford to lose.

[hugeblack]

If you decide to staking on CEX, you should at least take a few steps, such as:
A high APR is always a red flag, and the higher the percentage, the greater the risk of fraud.
The timing of the lock is important; if the lock period is longer than a month, the service should be avoided.
The possibility of withdrawing before the lock time and receiving a good return.

[milewilda]

Crypto staking has been beneficial, especially with CEX that offers high APR.

this is my question, what are the risk involved in staking cryptocurrencies?

which CEX offer more high APR?

High APR/APY or whatever it is would be useless at the time or moment that the price of a certain token/coins value had gone to the floor and this is something that do really happens out. So no matter how many coins that you've been that earning until the time rans out but still it wont really be that sufficient or wouldnt be giving out that kind of guarantee that you can make money in the end of the line not unlesss if you've been staking up some solid altcoins or projects on which the price do able to sustain or able to hold out then that would be a good thing but most of the time on which staking isnt bad as long it wont be some having some locked up or having no cliff period but in general on which i dont see for this to be that worth i should say.

[Gposas]

Staking is good to me, especially if you just have the token and you ain't using for trading or any other stuff. Instead of just leaving it hanging on the CEX, you can just stake it to earn the little percentage from the platform.

Otherwise, it is not quite advisable to just buy a token all for the reason of staking. Most people stake tokens that they place on HODL.

In conclusion, staking is not risky neither is it bad at all.