Staking
Staking cryptocurrencies means that you earn interest on the cryptocurrencies you own. Staking can be done in different ways, the easiest is through an exchange.
Complexity
Staking is super easy, especially staking on an exchange.
Time
It only takes like a minute per staking cycle to start. Cycles are often 1-3 months.
Risk
The risk in staking is mostly in the possibility of devaluation of the staked coin. Tokens are in most cases locked for a specified time period. If you intend to hold the token no matter what, staking that token is very low risk.
Staking
Complexity
Time
Risk
Profitability
Profitability
The profit differs per token and per platform. Lower marketcap tokens often award higher rewards, but with the higher chance of devaluation this is a bigger risk. Rewards are often displayed as APY (Annual Percentage Yield), this number is the growth percentage if a token would be locked for a total year.
Start staking cryptocurrencies
To start staking it is important to check out the options. If you already have an exchange that offers staking benefits, start there, if you don’t currently use an exchange or you are looking for other options, check the platforms below. We will add more options from time to time.
