Hello Friends
Hope the week is going well and the weekend is over now but not in India as it can be extended for many due to independence day on August 15th.
In the crypto market, there are multiple stops available for us and the more we know is good for us because this way we can maximize our benefits. I believe it was a long time when people used to consider crypto only for the trading purpose but now things are much better because multiple options are added. I mean to say you can make better returns on the crypto market even if you do not perform trade because there are different alternatives available. As far as trading is concerned I believe it is not an easy game and surely not everyone is doing it in the market.
If you do trading then you must have some knowledge including technical or fundamental analysis else you might lose your hard-earned money in this market. This is applicable across the markets and crypto is not the only market where this logic is applicable. That means no matter what market you trade on but before that, you should have the required information and some understanding of the market behavior to reduce the risk potential and maximize the profitability.
Staking
This word itself explains the meaning that if we have a certain stake then it can give us some benefits in return if it is used for any purpose. many centralized crypto exchanges are offering the option to stake our crypto coins in their platform and instead of that, they will share some rewards which are also specified there. They offer a certain percentage depending upon the coin and it varies. I cannot say if decentralized exchanges are offering something like that because I have not gone through but for centralized I can say because I have seen some of the exchanges providing this type of option.
This can be a risky game also because you are giving your asset to them. if something goes wrong then your assets are at risk but if not then you are earning something. I have also seen some projects where they offer the option to deposit their token and they reward us with a certain profit or we can also call it APR. Different project offers different APRs and token economy is important to determine what percentage of rewards they can share with the community who believe in them.
In simple words, taking is a process in which we can deposit our coins on certain platforms that can make us generate some reward. This reward is like a passive income that we are getting just for holding the crypto coin and this way we can earn even without selling anything because whatever quantity we have remains the same and it also brings some additional benefits.
I can not name any platform here because there are so many available as of date but if you want some specific name then I can share it in the comments if you like. but let me tell you that even a Google search can help you get a dozen of names where you get this functionality because I believe it is more common now in the crypto market. this is also a type of investment so when we think about investment then we should be ready with some risk which can or cannot be depending upon the situation or the platform you choose. we cannot predict the future so we must be ready for it so if something goes wrong then we are already prepared.
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