About Staking and savings

[salehbancin 38]

What’s the difference between staking and savings, what are the risk associated with both and which one is more profitable?

Edited October 3, 2020 by salehbancin

[mahdititus16 216]

if you saving your coins and that coin take a hight price you will earn alot of money , just be patient when you doing that trading and good luck for us .

[PauFarre 22]

Staking is a way to earn small rewards by freezing your money for a short or long period of time. The risk is very low but rewards are also small. You can earn in a good trade the same amount of money than staking for a year, but staking is safer

[arnosk 228]

With saving you deposit the amount you want to save and interest over to a bank. With staking you are part of a blockchain network. In reward you get an amount in return depending on how much you stake. It depends on the crypto coin, if the coins are locked or you can transfer them immediately.

[raulden 34]

Well the truth is that the stake is to maintain said currency in exchange for a daily return, you are providing liquidity to the market, and the savings are really almost the same

[Daramola Abiodun T 60]

Staking enables you earn already fixed percentage on your fixed coins. But you must note that such coin is fixed for certain period which you can't get out when you urgently needed it. But saving is not so. You can withdraw your coin anytime. But saving can't give you profit like staking except the price of the coin moon by itself.

[martcoinn 31]

Hi! I recommend staking in stable coin, it is lower risk and you can withdraw whenever you want

[its.cryptologic 163]

Savings and staking are almost the same thing. If you;re referring to Binance savings, then yes you're basically staking your funds to binance to earn for you. When you stake a specific coin in its wallet, you know you have total control of your funds and you should know exactly how much you should be earning from staking. 

[drjameslee 63]

Staking is a way to earn small rewards by freezing your money for a short or long period of time. The risk is very low but rewards are also small. You can earn in a good trade the same amount of money than staking for a year, but staking is safer

[nykas 2812]

Savings are like deposit in bank. You lend money to company and they pay you not big percent for your support. Staking is a part of successful work of some blockchain. Staking lets keep chain decentralized and honest and also staker can earn some project tokens, because of his activity. Often percents on both these activities are not so high. Not more than 15% per year 

[Edwinvicky 819]

Staking coins will give some percentages return in a certain period i.e by increasing the quantity of your coins, while saving your coins is simply storing your coins with no increase.

[Yoanny 232]

Both alternatives have their risks, the first option would normally leave more benefits since apart from saving the coins you already have you are paid a percentage for them, obviously it has an associated risk, because if while you have your resources blocked the currency loses value, you can have big losses. On the other hand, if you only keep your money saved you can get an increase and obtain benefits, but the opposite can happen and you can have losses. It's your choice that you create the best.

[Amiami 1362]

The bets totally depend on a strategy and the luck you have, while an investment gives you a little more security, since you can analyze the platform where you want to do it, without a doubt the bets can generate much more profits but in the same way  they can make you lose everything.

[SuperCrypto 7193]

On 10/3/2020 at 5:56 PM, salehbancin said:

What’s the difference between staking and savings, what are the risk associated with both and which one is more profitable?

Stack is the preservation of the cryptocurrency and its restriction of trading and withdrawal within the site or platform and obtaining a percentage of the profit according to the period of holding the currency. As for saving, it is keeping the currency for a rather long period of time in order to sell it after a period at a higher price.

[tienda 8776]

On 11/14/2020 at 9:42 PM, nykas said:

Savings are like deposit in bank. You lend money to company and they pay you not big percent for your support

Yes @nykas saving is like deposit in bank. Today the most people are looking to turn or to generate profit on their investment. Staking or saving are almost equal, the difference staking more profitable than saving. And generally saving used by a bank or any other online service their role is taking the deposits and then generating their own incomes.

 

[sabbir1 22]

I have tried a lot to work on this idea, but I see that the profit from trading is much stronger and bigger.  You can double your capital in a very short time if you want, but risk is needed, so we need to practice it to gain experience.

[Froshk 1828]

I would definitely save than stake, As we all know, staking is a game of luck, you might end up losing your funds if your predictions or bettings decides to go another way round. 

[Whited35 15285]

Here are some potential difference between staking and saving in the crypto world that everyone needs to understand. Staking means you are directly becoming a part of blockchain network but saving works in quite different way i.e. financial institutions use your funds to get their profits and they provide you certain percentage as return. In the most of the cases, staking is quite profitable and riskiest too because due to volatility in the crypto market, price of some coins can go down despite you receive rewards from the staking. 

[hakanhulya 71]

In general, you should put it as you believe that the value of the cryptocurrency you will stake will increase. Staking has a small but guaranteed profit. I have staked the BNB coin and will hold it until its price increases too much.

[Abdulrahman3 1252]

Saving is definitely better in the long run, and especially if you choose a currency with a lot of volatility, traders may be afraid of this currency because it can decline quickly, but do not forget that it can also rise quickly , so you sell and exit the trade.

[Fkka 22]

Be patient with us when you do this trading and good luck to us. Again if you save your coins and if that currency can make a lot of money.which will help you to move towards success later.

[selfmade 7]

On 10/3/2020 at 5:56 PM, salehbancin said:

What’s the difference between staking and savings, what are the risk associated with both and which one is more profitable?

Saving is just like what they do with the banks just saving your money/coins, while staking just one of the types of crypto investment, they developed staking to replace mining of coins.

[MrSpasybo 1049]

Staking & saving are two long-term investment strategies.
The properties of staking:
+ Generate more passive income in coin/token;
+ Tokens can only be sold when the lock expires.

The properties of saving (holding)
+ Do not create additional passive income in coin/token;
+ Can be sold whenever you want.

If you want to be proactive in selling: choose saving.
If you trust and want to hold tokens longer, choose staking 🙂
Or you can choose 50/50!

[Dang3r 103]

Leaving aside the technical definitions and aspects that differentiate them, it could mention that they can be differentiated into the percentages of profits, as far as you get the money frozen and in tax safety, since usually the staking It is used to obtain more fractions of a cryptocurrency, while the savings are based on a fixed annual rate.

[Tajudeen 43]

With marking you are essential for a blockchain network. In remuneration you receive a sum consequently relying upon the amount you stake. It relies upon the crypto coin, if the coins are bolted or you can move them right away.