Post
Topic
Board Altcoin Discussion
Re: Is it wise to stake your crypto currency
by
TheSpiral
on 27/05/2023, 15:24:01 UTC
In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

Staking is best for those who want to hold tokens for long term because it will generate some yield token to maximize tokens. staking is much better option than just holding but we should know the locking period and apy before locking. some validators lock tokens for month or more and you cannot sell your token before unlocking and you have to wait this unlocking period. I remembered when luna crash was happen, many users was not able to sell because there tokens was locked for 22 days.