Post
Topic
Board Nigeria (Naija)
Re: Boring Market Right Now. What You Got?
by
EL MOHA
on 09/04/2024, 22:49:06 UTC
I dey feel you too bro because trading no be for everybody, e better make you stay your lane and do the way wey you sabi do. Regards to staking, you no go fit stake btc but you fit stake some others but there return too no go too dey much. I know say you fit stake dogecoin, cartesi, shiba etc, you fit check for binance.

Binance is a centralized platform and as such for you to stake anything you need to hold your coins on that wallet for the minimum number of time you want to stake. Same thing as bitcoin can be done centralized exchanges too but to me that’s more like a lending something than staking, least amount of days was 21 last time I Checked. The profits earned also is very small compared to leaving your coins on any exchange because no exchange is too big not to collapse.


Although, Doge developers may move from PoW to PoS but I do not think that has been done and doge is still using PoW. Or is doge now using PoS?


Doge is still using POW mechanism and it’s even the second larger behind bitcoin on the mechanism. So staking on happens on CEX which looks more like a lending thing na staking.

As for OP my advice is to just hold your coin in peace and for long time so you don’t lose it chasing how to make more profit.