Benefits of Staking?
Benefits of Staking?
Hey everyone. What are the benefits of staking? is it good to stake for those who are holding crypto long term?
Thanks in advance
Coin Ceylon Approved Changed status to publish October 28, 2021
Here are the benefits of staking crypto:
- It’s an easy way to earn interest on your cryptocurrency holdings.
- You don’t need any equipment for crypto staking like you would for crypto mining.
- You’re helping to maintain the security and efficiency of the blockchain.
- It’s more environmentally friendly than crypto mining.
Coin Ceylon Approved Changed status to publish November 2, 2021
Yeah your basically putting your crypto to use while you hold it. Better than just holding it long term.
Coin Ceylon Approved Changed status to publish November 2, 2021