But they will give you somewhere between 4-5% depending on how much you hold with them. Be sure you know the lock-up period (if any) and what rates you get on each coin.Ĭelsius won’t pay you 10% interest on your BTC, for example. You have to read the fine print and do your own research as there are many different companies around offering to pay interest on different cryptocurrencies. Companies like BlockFi and Celsius Network provide a simple way to earn up to 10% interest on your crypto-assets per annum. If you hold different crypto-assets, then you can make them work for you in a high-interest account. The user sends the coins and receives the exchanged asset instantly. Switchain works in a non-custodial manner, and the wallet creates an exchange on behalf of the user. By integrating Switchain’s fixed rate API, users of Exodus wallets have been able to exchange crypto assets with a single click. Switchain works with different cryptocurrency trading partners to guarantee the best cryptocurrency rates for its clients.Īn important partner I would like to mention is Exodus, one of the most widely used crypto wallets. Switchain is an instant non-custodial cryptocurrency exchange with a user-friendly platform that makes trading crypto easy and fast. The second exchange worth mentioning is Switchain. Traders will also be able to utilise the Boreal coin as a payment option for trading fees or as a stable base currency. The AURA token enables stakers to earn a share of fees generated by IDEX and other Aurora products.īy staking AURA, node operators will be rewarded proportionately to their percentage stake, and 50% of fees have been allocated to be paid to AURA stakers. IDEX also incorporates the AURA token – the exchange’s native currency – which encourages users to stake the coin and help support the network. To trade, users sign transactions using interfaces such as MetaMask. IDEX, as the name indicates, is a decentralised exchange where users own their private- public key pairs. What are some of the best coins for cryptocurrency staking? Learn about staking #NavCoin, #Pivx, #Komodo, #Decred, and more at #Staking #Crypto #ProofOfStake /z7sSKCd15uĪlthough there’s a bunch of Proof-of-Stake (PoS) protocols available – like Ardor, Dash, or EOS – I will instead focus on which exchanges, preferably non-custodial, allow users to stake coins directly. It’s completely up to you, and you should always do your own research and make sure you’re comfortable with your level of risk/reward when trading.Īs always, the views in this article should not be considered financial advisement. Similarly, if you consider giving up control of your coins too risky no matter what, then you may think neither strategy is worthwhile. If you like to directly participate in a protocol, perhaps staking is more your thing, while if you’re simply looking to get an interest payment, lending could be the right choice for you. I cannot say one strategy is better than the other, as it depends on what type of investor you are. Today, my goal is to discuss the difference between staking and lending and how you can use these techniques to adapt your trading strategy depending on your risk/reward profile.Įssentially, while staking helps to secure the network and in turn pays users with newly minted coins, lending allows users to lock up their coins and receive an interest payment. Two useful trading techniques that have become popular in the cryptocurrency space recently are staking and lending.
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