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.
That's right, it takes sufficient knowledge to enrich knowledge and understand the level of risk that will occur in the future, if we do not have that knowledge, it is very likely that we will experience big risks.
Research also needs to continue to be carried out, to understand the current conditions and reduce the risk of losing money on previous investments, if all of this we can do well, then the chance of loss will be very small in the future, currently there are many internet providing the latest news, maybe This can also be used to add insight.