Post
Topic
Board Economics
Merits 1 from 1 user
Re: Which is better, staking or investing?
by
Upgrade00
on 22/06/2020, 09:29:01 UTC
⭐ Merited by yhiaali3 (1)
^ I would recommend you do not use such investment sites which promises to trade your funds for you and reward you at certain periods.
what is the difference between staking and such sites, as well as whether there is such a risk.
In such sites you're handing you capital over to someone else to do with it as they please, in staking you buy a cryptourrency which is used to build a project and you lock it up, this is used to encourage people to hold their currency rather than dump it, hence the value is expected to increase, you also get a fixed reward at specific time intervals, based on the amount of the coins you're holding.