Hello, community! Today I want to tell you something I discovered while delving into the crypto world: staking.
🌱 1. What is Staking?
Staking is basically 'planting' your cryptocurrencies to help the blockchain network function and, in return, receive rewards.
Imagine you lend your coins to a project: they use them to validate transactions and secure the network.
You, as a reward, receive an extra percentage of coins (like interest!).
Many platforms (like Binance, Kraken, or some wallets) allow you to stake popular coins (Ethereum, Cardano, BNB, etc.) very easily: just choose the amount and the lock time, and that's it!
⚠️ 2. And why 'not everything that shines is gold'?
Because, although it sounds attractive, staking also has its risks:
Locked Coin
– Your cryptos are 'frozen' for a period. If the price drops, you can't sell until the lock period ends.
Variable Rewards
– The profit percentage can change over time. Sometimes it's high, other times so low that it barely covers the currency's inflation.
Platform Risk
– If the platform suffers a security breach or a failure, your cryptos (even if they are 'investing') may be at risk.
Technical Ignorance
– There are blockchains that are more secure and others that are more experimental. Joining a new project without research can be costly.
💡 3. My Practical Tips
Only put what you are willing to 'forget' for a while. Never stake your emergency fund.
Look for solid projects: those that have been operating for years and have public audits.
Compare percentages: sometimes it is worth giving up an 8% annual return if the network is trustworthy, rather than a 20% in something unknown.
Keep a portion in liquidity: I usually leave 20% of my crypto out of staking to be able to react if I need to sell.
Remember: 'Not everything that shines in crypto is gold: staking can be a good tool... if you use it wisely.'
#BinanceLatam#CryptoEducación#FinanzasParaPrincipiantes
