Post
Topic
Board Trading Discussion
Re: High APRs staking or trading?
by
LogitechMouse
on 08/09/2024, 18:19:25 UTC
---
As we all know, the crypto world is constantly changing, and figuring out the best ways to maximize returns is always on everyone's mind. With DeFi platforms booming and staking programs becoming more popular, a lot of us are wondering: Is staking or trading the better way to go? Which one will give you the best returns?
Is DeFi platforms booming again? I can't hear anything on the internet that's talking about them as much as those meme coins are.
As an investor that's into staking, I will be a hypocrite if I will choose trading especially I know that I'm a big loser when it comes to trading.

Staking is the way to go... if you're patient enough because in staking, you need to hold the token for at least a year to feel those juicy returns. High APR staking on DeFi platforms is a very risky one hence, I don't recommend it to newbies, but staking other altcoins on various wallets would be much safer. The returns would be lower compared to that of DeFi, but it's much safer. We've seen lots of DeFi hacks happened in the past that's why I don't want to stake, borrow or even make a liquidity pool on them. I would rather stake coin that's way safer than doing that.

I mean the coins that I'm staking has an APY of around 10%, and that would be better than putting it on a DeFi platform that yes gives way more APR, but the risk is way higher.