Quote from: MiF on July 06, 2023, 11:58:12 AM

Quote from: Crypt jnr on May 01, 2023, 04:14:05 PM

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

It is better to stake than to hold because you can get profit on staking than holding your coin, but we need to be sure about the staking platform if it is legit or not because there are also staking platform that is scam and only build to stole your assets find a proven and trusted platform to stake for good.

Holding or investing can give you profit as well but I think staking provides you more profit. It is only risky because we are mainly putting our coins to another platform and then there is a lock-in period which means we can't withdraw and sell our coins during a bull run if the staking period is not yet finished but as long as we bought and stake a good coin, we are sure that it will pump again on the next bull run and before it happens we will need to unstake them for a while. Another thing is that staking has a minimum.

Sometimes these minimums are high like for example in ETH it requires 21 ETH to stake and the lock-in period can run for a year. Only elites are the ones that can do this.