Post
Topic
Board Service Discussion
Re: Staking or savings: Which is better?
by
Ultegra134
on 17/10/2024, 22:01:58 UTC
My experience is quite limited, thus, I'm not too familiar with  what @Charles-Tim already mentioned regarding the available options through non-custodial and custodial services. I've staked a few algorithmic stablecoins a few years ago through Metamask, on the Beefy.finance platform, I never faced any issues and was perfectly satisfied. However, in the recent few years I've switched to Binance, after the UST scandal, it seemd as the fastest and safest option back then, and due to lack of motive, have stayed there till now.

I'm going to go ahead and ask you, why not both? I'm both saving Bitcoin and staking a smaller amount of money on Binance through stablecoins, USDC to be precise. You're not going to make a fortune, but it's better than having your money sit around, on the plus side, if you do a little research, you'll find plenty of opportunities with APYs of over 10%.