One of the best and safest ways to get passive income
In this article, we will check top wallets, which are completely decentralised ways to store and own your coins, offering you full ownership and control.
So that means no centralised exchange in the middle actually owning your coins and staking them out through their various methods.
Many wallets support the staking of various cryptos directly on the blockchain, so you’ll have full control over this, and you can even choose which validators to give your coins to.
Depending on which coin you want, you’ll have to download a wallet that supports that coin and staking of that coin and then send your coins over the blockchain to the wallet address.
First is the Trust Wallet, which is your best access to the Binance Smart Chain and its tokens. Trust Wallet is the place to go if you want to stake BNB coins on the Binance Smart Chain.
With current rates around 10 per cent or more. But those rates do fluctuate daily, so you must check regularly.
Current rates actually on Trust Wallet is a little bit higher than staking the same BNB coin on the binance centralised exchange, which offers around eight per cent. So definitely check out the different rates you can get.
On the centralised exchange versus the decentralised Trust Wallet. İt’s not the same with TRX, as Trust Wallet only offers a four per cent apy when you can get five per cent on the decentralised exchange.
We can’t really say then that rates are better on Trust Wallet, but it still depends on what coin you want to stake. So check when you’re actually staking.Read More…
Categories: CRYPTO 101 GUIDE, CRYPTO NEWS