Post
Topic
Board Altcoin Discussion
Re: Staking or savings: Which is better?
by
Nwada001
on 21/12/2024, 19:26:52 UTC
a choice that certainly needs to be determined, but there are many available for the stake and opportunities on binance that will be taken, maybe all of that requires proper thinking by taking one of them because it is very important to choose a validator that can be trusted, and that is an strategy to not worry about price fluctuations.
If you are ready to stake in Binance, it means you are aware of the risk of handing over your coins to a centralised entity, so you don't have anything to worry about again, as long as you use it to stake.
 
The only thing you will have to worry about is price; if the coin you stake happens to dump in price before the end of your staking period, it means you will be calculating losing even with the reward you will receive. It might not be enough; that stands as one of the disadvantages of staking.