Route 2: Using a online service
You can use a online service to stake for you, and they take a little fee. Its a much simpler route, but perhaps quite a bit more unsafe.
Yes, that's possible, but it's another question if it's a good choice to give the coins out of your control to a third party website.
I won't do that personally because I see a big risk there that you deposit your coins to a fake staking website or it's already enough if the site is legit but gets hacked. We all know that hacks aren't impossible and happen quite often if the hackers can gain some valuable coins.
I'm not a professional in staking but I think the reliable coins are only generating up to 10-15% (20%) per year, some of them more but that are highly volatile shitcoins and you risk to have less value even if the number of coins has doubled due to the staking.
Some stakeable shitcoins from
StakeUnited (service is closed):
Embercoin
https://coinmarketcap.com/de/currencies/embercoin/#chartsB3coin
https://coinmarketcap.com/de/currencies/b3coin/xGOx
https://coinmarketcap.com/de/currencies/xgox/Monk
https://coinmarketcap.com/de/currencies/monkey-project/Buzzcoin
https://coinmarketcap.com/de/currencies/buzzcoin/All of them almost worthless now...
Even for 15% (20%) per year the risk would be far too high. There are 2 big drawdowns:
- that the whole coins are lost if the site exit-scams / gets hacked
- that the shitcoins are getting almost worthless.
The risk - profit - ratio is horrible in my opinion.