If you want to earn every day, staking is one of the finest ways to earn consistent returns on your cryptocurrency portfolio. You do not need to hold your investment forever.
Staking usually has a holding period, which can be shorter or wider depending on the project’s offering.
Working of staking may seem similar to the buying and holding stock but there’s an important difference.
Staking coins involves buying crypto and holding it in your wallet or exchange with the hope that it will appreciate.
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The working of staking may sound similar to buying and holding stock but there is an important difference.
Staking coins involves buying crypto and keeping it in your wallet or exchange with the hope that it will rise in value.
But with Staking, along with the market’s appreciation, you have another potential benefit. When you stake a coin, you are making your coins to contribute to the Proof of Stake (PoS) work that validates a block on the blockchain.
The coins you stake are frozen for some time and are used to validate transactions on a block. In return, you receive a percentage of the tokens at stake as a reward.
The protocol randomly chooses coins to validate a block. The more coins you stake, the more likely your coins are to be picked, and thus your potential profit is usually between 5–12% returns, but sometimes more
Here, diversification is the best strategy to earn daily profit. By placing multiple coins at stake, you can remove volatility and earn stable returns.
To earn every day you need to join a platform that offers staking functionality. Crypto Bank is here to make things easier for you.
You can stake BTC, ETH, TRX, and BNB over a period of one day, 15 days, and 30 days and earn up to 20% interest APY.
With Crypto Bank, you can earn every day by staking or saving your crypto assets. Check the interest rates today!
The protocol randomly chooses coins to validate a block.
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