Replying to unknown

Staking is about you investing money for them and you get a small yield back right? How do you loose? You get interest paid weekly in addition to the price. What is the lesson?

You can even stake bitcoin.

I am not providing a service, i am staking into whatever currency
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Jeff Swann 1y ago

Are you running your own node & holding your own keys, or do you have to send you coins to someone else?

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unknown 1y ago

You can do it with a wallet like Exodus where you have control over it. The terms for staking is that when you want to unstake, you have to wait 21 days before you can sell. While staked, you can earn interest which varies by coin. ATOM for example, can get almost 20% sometimes

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Jeff Swann 1y ago

How new are you? Were you not around for the yield farming implosion a few years back? Idk how Exodus works, but my guess is that whatever you think is in your wallet being staked can just become unaccessible forever. And if you had just held Bitcoin it would appreciate & nothing would be risked.

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unknown 1y ago

Sounds like FUD. If staking was that way, nobody would risk doing it. It is a feature on Exchanges.

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Jeff Swann 1y ago

Lol, you'll learn too. Sorry for your loss.

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unknown 1y ago

You can do it with a wallet like Exodus where you have control over it. The terms for staking is that when you want to unstake, you have to wait 21 days before you can sell. While staked, you can earn interest which varies by coin. ATOM for example, can get almost 20% sometimes