Earning interest on your crypto holdings without the hassle of day trading sounds pretty appealing, doesn't it? Staking platforms like Bitget, Binance, and Crypto.com vying for users' attention. Bitget offers an APR of 6-8.5% for staking Elrond (EGLD), which is higher than the average 5% offered by other platforms. This makes it an attractive option for investors looking to maximize their returns.
This passive income stream can be a great way to grow your crypto portfolio over time, especially if you're a long-term holder. In addition to competitive APRs, Bitget ensures that the principal amount is protected, providing users with peace of mind when staking their EGLD tokens which is kinda important.
As the crypto market continues to grow, it will be interesting to see how other platforms adapt to meet the evolving needs of investors.
Do you think staking will give it a competitive edge over trading for beginners?