There are countless options when it comes to staking your own crypto. It’s critical to due your own research to find a match that aligns with your goals. Some fundamental questions you should be asking yourself are:
- How much time and research am I willing to commit to?
- How do I feel about security and privacy?
- Am I being robbed by fees?
- Can I gain better staking rewards elsewhere?
- Is my crypto safe during the staking process?
For these reasons, I personally have chosen one of the fastest growing exchanges on the crypto market. I chose crypto.com since it has established itself as the one-stop-shop for not only crypto trading, but staking as well as a visa debit card that pioneers crypto into daily purchases. With crypto.com, all of your crypto is safely held offline in cold storage. They have some of the lowest fees in the market, and their staking rewards are top notch.
One implication for crypto.com is that they require you to purchase and stake their own cryptocurrency, CRO, in order to obtain the highest staking rewards. This is not a loss in my opinion, because CRO has many of its own benefits and has seen healthy adoption over the past six months. My initial signup bonus of $25 has since grown to nearly a $70 value.
If you want to use my sign up bonus so that we both receive a reward of $25, my referral code is w6jyux2vcq. You’ll have to purchase and stake additional CRO to obtain the reward, but after 5 months of using crypto.com I believe it is completely worth it.
Plus, they have an award-winning mobile application that I use daily:
Even without staking CRO, you can earn up to 4.5% back on Ethereum, or 10% on a stable coin (always worth $1) such as Tether or USDC. That is insane. If you do decide to stake CRO as well, you can see even higher rates.
If you have cryptocurrency that’s just sitting around in an exchange such as Coinbase, stop that. Place your crypto into an exchange that you trust, and let your crypto work for you using the benefits of crypto staking today!
Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://levelup.gitconnected.com/what-is-crypto-staking-4dc96347411d?source=rss——-8—————–cryptocurrency
