How does staking work?

Staking locks up your assets to participate and help maintain the security of that network’s blockchain. In exchange for locking up your assets and participating in the network validation, validators receive rewards in that cryptocurrency known as staking rewards.

What is crypto staking?

Crypto Staking 101: What Is Staking? Staking is a popular way to earn passive income with your crypto investments. Here’s how you can start. Staking offers crypto holders a way of putting their digital assets to work and earning passive income without needing to sell them.

Is staking a good idea?

Staking is optimal for those who plan to hold their asset for the long term regardless of the price swings. Some coins require a minimum lock-up period while you cannot withdraw your assets from staking. If you decide to withdraw your assets from a staking pool, there is a specific waiting period for each blockchain before getting your coins back.

What are some staking-as-a-service platforms?

Examples of these staking-as-a-service platforms include: EverStake. BlockDaemon. Figment. MyContainer. It’s worth noting that any coins you delegate to a staking pool are still in your possession.