I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?
Thanks!
All forms of transactions will definitely get risk, either intentionally or not, but we can minimize this by first studying the transactions that we use, you also have to really know how to do it, I think everyone has prepared the steps in making transactions, even We will find the smallest level of risk anywhere, so any form of transaction is definitely risky, whether using ethereum, BlockFi or others.
If you don't have further knowledge then risk is much greater,
It's true that with good understanding your chance to succeed is way high,
just needed to widen your resarch if your really wanted to lessen the chance of losing your money and risking
your investment.
internet have a lots of resources to find information about things that you wanted to understand much deeper, do your DYOR.