Post
Topic
Board Altcoin Discussion
Re: Is Staking Coins a Good Idea?
by
Rexler
on 22/08/2021, 19:29:36 UTC
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Yes, you can get some percentage of reward when you stake your coins, I actually find it really userful as it helps to build more confidence  in a project and also make you earn some rewards from the big bag you've in possession, I love it more because for me staking is just a good way to hold your long-term coin and still earn more coins from it, although the APYs are not that massive, but it's better than holding your coins in your wallet for a whole year and end up now receiving any reward.