I know many coins out there, you could stake and get interest on it. The issue is if you buy that coin and say the coin drops in price, even if you earn money from staking, the price of the coin dropping means you would lose money. It seems the only safe staking is coinbase with usdc where you get 5% correct? However, is that still not safe like how gemini use to offer like 7% or more on their gusd?
That's the thing with stable coins, you get a stable value of what you're holding but its value is tied with the currency of its attachment and with that, the US dollars. And the rates from these exchanges does varies, it could be 5%-7% but if it changes in the nearest future, don't be surprised because once a lot of people started to stake or deposit their stables on them, they have to adjust the rates due to high demand.
On ledger live, it seems to show how certain coins you could earn interest in it like tezos which is 9%. ETH is like 3%. There are several other coins which is under 10%. Those are with 3rd party right? Are those safe?
Yes, they're from third parties. You're not holding them anymore on your ledger if you happen to stake there because you pass it on the platform where you'll stake which is the partner of ledger in that case.
Now if someone is going to hold an altcoin and can stake it, is there any reason not to stake it? This is assuming you already bought that altcoin a while back and don't plan to sell it. Staking altcoins isn't similar to like how people staked with nexo and celsius a while back or it's the same?
Me, I choose not to stake the altcoins that I am holding. I just want to be free and I can sell it wherever I want and even its quantity doesn't add up, I'm just relying to the increased value of it through price increase. Risk free it is and I don't have to be bothered if defi platforms or staking platforms get exploited.