Post
Topic
Board Altcoin Discussion
Re: Looking for best staking platform
by
blockman
on 13/04/2022, 23:57:33 UTC
Staking offers passive income. It is necessary to block cryptocurrency in the wallet to receive profit from staking.
Block? Why there's a need to block the wallet?
There's nothing to block if you're going to put your crypto into staking for that wallet. It will just automatically be earning from that crypto you stake depending on how much APY it offers.
Most of them are offering daily profit so it's going to be a compounding interest which would be a little bit higher than the promised APY.