Post
Topic
Board Altcoin Discussion
Re: Staking or savings: Which is better?
by
uneng
on 21/12/2024, 17:25:30 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?
Savings mean to just keep your money stored in a safe place where only you can have access to. Considering how risky it is to let funds deposited at third party platforms in order to stake and make passive income from, I guess that right now the best alternative is to just go for savings. This way, you are going to profit from the increasements in altcoins' prices, which are already pretty decent if we compare their past and current prices.

To stake isn't a good idea, because there isn't any guarantees you are going to be able to withdraw your funds as soon as you wish. Many investors have already been scammed by exchanges and lending platforms, so besides not making any profit through staking at all, they also lost all their initial funds.