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!
Staking is a lucrative investment. There is little risk since staking means holding the token. My go-to Staking Platform is Defi Magic. Their APR, APY, yield is absolutely green and it is a great project. I recommend you check it out.
Well that is what we called here a playing safe in the market while holding you are gaining from the platform where you stake your asset.
Staking is less risky but it is also less of making a profit, there is no potential that it could earn a big amount in just a single day. All you have to do is to wait a month or year for making a profit and the risk could be if the exchange platform where you trust your money will perhaps shut down in the future and there is nothing you can do. In my own, staking is good but you need to choose which exchange is trusted