There are many options to earn crypto, varying from the simplest to the most advanced. Beginner traders usually start with the easiest ways of crypto earn, for example:
- investing in the long term;
- putting crypto coins in staking.
Lets discuss cryptocurrency staking in more detail. This method allows you to earn cryptocurrency at a lowers risk and having the smallest set of knowledge.
How to Earn Crypto in Staking?
Staking is essentially a passive income option in the crypto market. For example, you have digital assets but still do not feel confident in your trading skills, so you look for a less risky option.
You may put your coins in staking and receive a passive income. For example, register on one of the largest and the most reputable crypto platforms (Binance, WhiteBIT, etc.) and join a staking program. Every platform offers different locking periods and rewards, so be careful when picking one.
WhiteBIT provides 40 staking plans where you can pick an underlying asset and locking period from 10 days to one year. The longer you keep your coins locked, the higher your crypto earn will be. Here the crucial thing is to pick the right crypto asset. It is incorrect to stake unknown coins with high volatility or those depending on hype. Better to pick assets that have established themselves in the market – BTC, SOL, ETH, and others.
Staking is available for all large crypto assets regardless of the consensus they are built on. That is, you can stake Bitcoin through a platform that supports this option.
Here are the most popular coins for staking:
- Ethereum;
- Cardano;
- Solana.
Suppose you lock your assets for a few months and the market trend changes during that time. Such reliable digital assets like ADA or BTC are not supposed to lose value dramatically, though slight fluctuations will definitely take place.
On the contrary, if you stake highly volatile assets, their price may drop so much that your losses exceed possible staking rewards. In that case, staking will not bring any benefit to you. So, to earn crypto on staking, pick popular and relatively stable digital assets and credible crypto platforms that offer a high level of protection, 100% commitment to execute staking contracts and high rates.