How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.
At least the 1000$ you set up in stakes via Binance grew by 95$ in 1 year. Instead of putting it in the bank, that's not how your money will grow. But I think my advice to you is, next time you stake money, don't go to the Binance platform, better in my opinion according to my research biswap is one of the good rather than Binance in my own assessment, at least on this platform you can withdraw the money anytime Unlike Binance you cannot, due to it will be lock up according to your set up period. It's like a time deposit, in biswap it's the same but you can take it out at any time or even you just want to reduce it.
Always be careful with new platforms. Don't jump in without any research because of the high returns they offer and attractive policies, you could lose money. I don't know about the biswap you mentioned but I disagree with you that we should not go to Binance but go to a strange exchange, you are going against everyone. In addition to the functionality that allows you to withdraw your stake at any time, do they assure you that your funds will not be lost or locked?
The selection of platforms for staking is very important, we must make sure the platforms we use must have a good reputation. So that we don't
lose money, because nowadays there are lots of fraud incidents carried out by new platforms. Because like you said lest we be tempted by bigger
offers or more attractive policies, we end up staking on new platforms, where the risk of us losing money is huge. I think it's better to get
a smaller profit, but the platform we use is indeed trusted and has a good reputation. Binance is one of the platforms I recommend for
staking coins, because I have proven it myself. Which I stake on Binance and never had a problem.