Redpacket
Posts: 2
Joined: Fri Mar 26, 2021 3:39 am

Staking Vs Lending – Which Your Choose ?

Thu Apr 08, 2021 12:10 pm

Who doesn't want to have passive income? You certainly do, right?
Without need to work over time, you can take advantage of existing assets to
get additional income. Passive income can be obtained in the form of fiat
currency or crypto assets, depending on the type of business you are doing.
For crypto asset activists, there are various ways to earn passive income. Two of
it are staking and lending. Both are the most popular ways to earn more in the
crypto world without having to trade or mine.

What'r the difference both of it ? And what is the most profitable way to
get passive income in the form of crypto assets? Check out the following
thread


Staking: Crypto Savings with Many Benefits
Staking is one of the easiest ways to grow crypto portfolio. We only need to
lock or store funds in our wallet. By staking, we will get a reward or interest on
locked assets. This makes it easier for you to diversify our asset.
In staking, we are required to lock our crypto assets on a specific network or
platform. Locking means that we will keep our assets in our wallet for a certain
period and cannot make transactions using its asset. We cannot send or sell
them during the staking process.
If you choose staking as a passive income strategy, make sure you do it on a
trusted platform. Just for sharing, currently I use SnapBots for stored my Bitcoin and staking


Lending: Giving Loans to Get Interest
The essence of the crypto lending concept is actually quite simple. As the name
implies, lending means lending our funds to other crypto user. The loaned funds
can be in fiat currency as well as crypto assets. In order for lending to be carried
out, the borrower as the party who needs the fund must prepare a collateral.
Collateral submitted can be in the form of crypto assets, fiat currency, or
stablecoins. The lender will provide crypto or fiat currency assets with certain
interest rate.

Staking vs Lending: Which is More Profitable?
For those of us who are experienced with blockchain protocols, staking seems
to be a better choice for us. However, when viewed from the profit side, crypto
lending offers more attractive passive income.
In addition, the choice of staking and lending depends on the right crypto asset.
For example, if we choose a crypto lending strategy but are still worried about
the risks and security of the platform, we can consider many things by choosing
a platform that is more well-known. This is done to increase security and
minimize risks.

Another aspect that we should pay attention too is the type of currency being
invested. Often times, Often times, investing in the right asset is more
satisfying, regardless of the method we use


Short Informations About SnapBots That I use
SnapBots is an artificial intelligence (AI) research firm based in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service

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