Post
Topic
Board Service Discussion
Re: Staking or savings: Which is better?
by
CryptopreneurBrainboss
on 19/10/2024, 16:06:29 UTC
We all know there are many ways to earn passive income in crypto aside from trading (spot/futures). One of these methods is savings or staking. However, here's the catch: many platforms offer diverse APRs, whether in USDT or altcoins. So, which do you think is better—savings or staking?

Not a big fan of staking because when the wave came back then, it got hijacked by CEX and people had to give away the custody of their coins for them to receive peanuts and when they get hacked/collapse, there wasn't any compensation.

I prefer to have the custody of my coins and I don't trust most of the so called decentralized ways of staking because things are usually not what they claim to be in the industry especially with all this so called decentralized projects.

There's no way of staking Bitcoin unless you wan to give way the only power you have which is owing the Bitcoin and it not being controlled by third party.

Saving through hodling is the way to go and it's the best strategy to use when investing into Bitcoin and probably any other altcoins worth hodling but just know altcoins are a complete gambling and no guarantee with them.