Post
Topic
Board Altcoin Discussion
Re: Staking or savings: Which is better?
by
bettercrypto
on 22/12/2024, 14:24:16 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?

Staking is like a bank with a time deposit, where once you set the duration period you choose, it can only be unlocked there, in short once you set it up, your crypto assets are locked for sure. And the only difference is the percentage that is added to the assets that you put in the staking amount.

And since you are in the crypto business, make sure that you can wait for the period that you choose either 1 month, 3 months or 1 year. But there are other cex platforms that have savings in the flexible category that do not require the staking method, being flexible you can cancel your setup anytime.