how does staking your crypto work? best way to understand staking
Staking is a way to earn rewards for holding certain cryptocurrencies. This is an awesome way to create passive income from your crypto portfolio
There is no better feeling than to earn some passive income on your crypto. The gains with the platforms listed below outperform ANY centralized banking institution returns, just putting your FIAT currency that’s sitting in your bank account into a STABLE coin will dramatically change your financial position in life.
These rates will vary as the crypto industry matures so make sure you do your own research to stay updated. This is a quick reference guide to what they are at the time I wrote this post.
Name of Couple platform that allow staking
Crypto.com: Your crypto can earn up to 9.5 or 14 APY with Crypto.Com, interest accrues daily and is paid weekly
Coinbase staking: Your crypto can earn up to 9.5 APY with Coinbase, Interest accrues daily and is paid weekly or monthly.
BlockFi: Your crypto can earn up to 9.5 APY with a BlockFi Interest Account (BIA). Interest accrues daily and is paid monthly
If you are serious about creating wealth with Cryptocurrency, you should make your investment generate passive income for you while you still investing
TWO TIPS FOR SUCCESS WITH STAKING
- Make sure the exchange or platform has top tier security
- Choose an exchange or platform with enough liquidity for staking
- do research before taking risk of staking your crypto, Celsius case should let you some
There are several exchanges to choose from and I am referring you to the ones trusted by millions of investors to help you staking your cryptocurrency asset but always remember to do your research before fomo in.
This guide is SHORT, but POWERFUL! READ THE ENTIRE THING here!
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