Post
Topic
Board Altcoin Discussion
Re: Do you recommend staking?
by
tanjiran
on 17/08/2021, 21:38:54 UTC
I prefer investing and slow trading, secure staking has too small interest rates for crypto market. The only coin I stake from time to time is BNB - I use Binance Vault for this.
if you have the ability in market analysis and sufficient experience then trading is indeed the best choice, by taking advantage of price volatility to make a profit.
if you don't have market analysis skills then staking is the best alternative to get passive income, but you need to carefully review the platform or exchange where you do staking, its security must be really ensured because we deposit assets there. Staking is quite effective for those who have difficulty keeping up with price volatility.