Many people might get confused about Staking? What is staking cryptos and how to earn money through it?
How to earn without selling or without investing?
Cryptocurrency Staking is the best option for this.
Staking is also called "Proof Of Stake" (PoS).
Staking means earning reward on the coins that we hold.
In layman's term, Staking means buying the coin and keeping/holding the coin in the wallet for fixed period of time as mentioned on the terms and conditions before, just like keeping money in the Fixed Deposit (FD) for fixed time period.
Under staking, we will get normally same coin which we stake as reward. There is maturity period of certain time like 15 days, 1 month, 6 months etc. and the coin that we stake are locked for the maturity period and for this locked coin we will receive reward.
Staking is same as mining. Unlike mining, under staking we don't require powerful mining machine. We just stake coin for certain time and earn reward of the same coin like 15%, 20%, 40% etc.
Advantages of staking
- Earn more coins on the coin we hold/stake
- Don't require powerful machine like mining tools
- The best part of this is that the percentage that we receive as reward is fixed before entering into the contract.
Disadvantage of staking
- Coin is locked for the maturity period.
- Coins cannot be withdrawn till the maturity period.
Some of the staking coins are:
1) Dash
2) PIVX
3) Reddcoin
4) Stratis
5) NEO etc.
Stay tuned for getting more information about top staking coins
In the coming days I will discuss about Ethereum staking.
I will let you know about earning more Ethereum coins only by holding/ Staking Ethereum.
https://stakingrewards.com/ great site to track all the live data about each staking coin
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Coins mentioned in post:
sadly
I have no idea why more people don't stake (me included LOL), it's one of the easiest ways to make money in all market conditions.
Staking is way to earn passive income and you can stake a couple of POS assets on Atomic Wallet with easy. You stake and receive directly in your wallet with no fees as well