Cryptocurrency staking, how much attention it deserves

The situation in the global economy is forcing more and more people to store their assets in cryptocurrencies.

At the same time, not everyone knows that even just by storing tokens in your wallet you can make good money on interest, and cryptocurrency staking helps with this.

Cryptocurrency staking is the accrual of profit for storing a certain category of coins; users use the Proof of Stake algorithm, which protects the blockchain from interference.

But the point is not in the principles of the process itself, but in the fact that you can get real money simply by placing cryptocurrency on the equivalent of a deposit.

This option is much more interesting than mining, in which profits depend on the power of the equipment that uses electricity to operate.

Staking is more like an analogue of a bank deposit; depending on the placement option, it can also be urgent or unlimited:

As is clear from the name itself, with urgent staking you place cryptocurrency for a certain period of time and if you want to withdraw it before urgently, you will lose profit, and the unfreezing itself will take some time; with unlimited staking, funds are available at any time, but the amount of reward is expected to be less .

Features of using staking

You can use this type of investment both on the BinanceBinance exchange and in some cryptocurrency wallets

I prefer the option with the Binance exchange because there is a much larger selection of assets for staking than in a regular cryptocurrency wallet:

Depending on the cryptocurrency, location and conditions of placement, you can get from 3 to 40 percent per annum, which is quite good considering that the investment does not require costs.

The main thing is to choose the right cryptocurrency; the least risky option is stablecoins ; other cryptocurrencies may have a higher percentage, but there is also a higher risk that the cryptocurrency itself will fall in price.

Is it possible to use hedging by opening an uncovered sale transaction with one of the cryptocurrency brokers for a similar asset.

In general, such investments are quite worthy of attention, especially if you already have an amount of stablecoins lying around that is currently not in demand.