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Showing posts with label Crypto. Show all posts
Showing posts with label Crypto. Show all posts
The Seven Best Crypto Staking Places !

The Seven Best Crypto Staking Places !

Edwar Ramadhan 2:48:00 AM Add Comment

In the crypto world, there are many ways to make money other than trading, one of which is staking. In an analogy, staking is similar to bank deposits in that you deposit some money in the bank within a certain time and earn interest.


The Seven Best Crypto Staking Places !
Source Image: https://www.pinterest.com/pin/791507703273457982/


In crypto, the term staking means that an investor puts a certain amount of crypto in a protocol that serves staking which you are then entitled to a return on.

Conceptually, deposits do have a period of time where your money cannot be withdrawn. However, in crypto, some staking protocols have a flexible staking feature which means that crypto can be withdrawn at any time without any penalty fees.

Here are the best crypto staking places based on return and security and the variety of crypto that can be staked.

1. Binance

Binance offers stablecoin staking at relatively high interest. For staking BUSD and USDT, Binance charges a rate of 0.28-8% per annum depending on the number of stablecoins staked.

In addition to stablecoins, Binance also offers staking of a variety of selected coins/tokens via the DeFi protocol. There are 284 coins/tokens that you can stake on Binance with varying yields. The minimum capital for staking on Binance varies according to the coin/token to be staked

In terms of security, Binance is one of the exchanges that is very responsible for handling cases that are not user fault, such as hacks.

Binance has a SAFU mechanism with insurance funds taken from trading fees to back up unforeseen events. In addition, Binance received an AAA rating on the cybersecurity agency ranking cer.live.

2. PINTU

Pintu is a crypto exchange in Indonesia that offers a staking feature. Here, you can stake USDC and USDT stablecoins with interest starting at 5% per annum. You can also stake 8 other coins/tokens at competitive rates. In addition, if you are staking Pintu Token (PTU) you will get an additional bonus interest.

Interest payments at Staking Doors are made hourly and capital can be withdrawn at any time and there is no minimum amount of capital for staking.

For regulatory and security issues, Pintu is one of the crypto exchanges that has been registered and has received permission from CoFTRA and also Pintu ensures that the user's capital on the Staking PINTU is safe.

3. Coinbase

Coinbase, one of the oldest crypto exchanges finally offers a staking feature with yields of up to 5.75% per year. You can stake stablecoins USDC, USDT, and DAI, as well as 6 other coins. The staked capital can be withdrawn at any time and the minimum stake for staking on Coinbase is $1.

In terms of security, Coinbase has also been tested in cybersecurity and obtained an AAA rating by cer.live.

4. Triv


Triv is one of the oldest crypto exchanges in Indonesia that was founded in 2014. Triv offers staking with varying interest rates of up to 13% per year and there are 21 coins/tokens that you can stake on Triv. To start staking at Triv, you need a minimum capital of IDR 100 thousand.

5. FTX

FTX is a wallet that is at the same time a staking platform. What's unique about FTX is that users don't need to take any steps to stake.

Users only need to make a deposit to the FTX wallet and the crypto that is deposited will be automatically staked. Staking interest at FTX is 8% per annum on all assets for the first $10 thousand deposit. Further 5% interest per year on deposit after the first $10 thousand.

The crypto that can be staked on FTX is quite varied but more tokens from the Solana ecosystem.

Previously, this platform was called Blockfolio, which served as a portfolio tracking application. This platform was acquired by FTX which subsequently rebranded Blockfolio to FTX while FTX became FTX Pro.

For security issues, FTX and FTX Pro are backed up in terms of funds by Sam Bankman Fried and Alameda Research.

6. Nexo

Nexo is a crypto deposit platform that offers 31 crypto deposits of choice with varying interest rates of up to 16% per annum. The choice of stablecoins on Nexo is more than any other platform, namely: USDT, USDC, BUSD, USDP, TUSD, and DAI and with competitive interest rates of up to 8% per year.

Interest is given per day and you can also choose flexible staking or locked staking with extra bonus interest.

Nexo guarantees user funds are safe and insured with a custodial fund of $775 million in case of unexpected events such as hacks.

7.Crypto.com

Interest on staking on Crypto.com can be said to be very competitive because the interest on staking stablecoins such as USDC, USDT, and DAI is 6.5% per year. In addition, there are more than 40 coins/tokens that can be staked with an interest of 3 – 12.5% per year.

You can also stake Chronos (CRO), which is a utility coin from Crypto.com to get extra bonus interest.

In terms of security, Crypto.com is ranked 1 based on the ranking of cer.live.

Conclusion

Not everyone wants to deal with the market, that is, by trading. In crypto, there is a staking method with potential profits in the form of interest that is suitable for some people who want to keep earning but not by trading.

In choosing a staking place, it is also necessary to look at the needs when staking such as the coins you want to stake and the type of staking whether flexible or fixed. In addition, it is necessary to consider the potential interest that will be obtained and the security of the place of staking.

Tips for choosing a cryptocurrency: Here are six important factors

Edwar Ramadhan 11:17:00 PM Add Comment

Cryptocurrency is a popular digital currency these days. Apart from being a medium of exchange, cryptocurrencies are also widely used as investment assets because their prices are increasing due to high market demand.

Tips for choosing a cryptocurrency: Here are six important factors


Currently, there are more than 6 thousand cryptocurrencies available in the market. The many choices of course make us confused, which is the best cryptocurrency? How to choose the right cryptocurrency to invest in? To understand more deeply, let's look at some tips for choosing cryptocurrencies in the following article


Factors to consider when choosing a cryptocurrency

Here are tips for choosing the right cryptocurrency by paying attention to several fundamental factors such as the origin of cryptocurrencies, how it works, market capitalization, price history, to netizen conversations.


1. Origin of crypto currency

When you want to research cryptocurrencies, you need to first find out where they came from. The reason is, each type of currency has its own history.


Bitcoin, for example, is a pioneer cryptocurrency that was published in 2009 by someone under the pseudonym Satoshi Nakamoto. A few days before launching Bitcoin, Satoshi Nakamoto published a paper describing a peer-to-peer financial system. The aim is to provide a financial scheme that is transparent and without involving bank or government authorities.


Some time later, Satoshi Nakamoto stopped being involved with Bitcoin development. He handed over the management of the currency to Gavin Andresen, who eventually became Lead Developer at the Bitcoin Foundation.


Meanwhile, the Ether coin came a few years after the issuance of the first Bitcoin. Vitalik Buterin and his colleagues launched Ether in 2013 because they wanted to create a cryptocurrency that not only acts as a medium of exchange, but can also represent real assets such as stocks or property.


In the following years, various variants of other cryptocurrencies emerged as alternatives to Bitcoin. Cardano published in 2017 seeks to solve environmental issues that have become critical of Bitcoin.

By knowing the origins of cryptocurrencies, you can understand more about the purpose for which the coin was created and the extent of its potential in the future.

2. How the cryptocurrency system works

It is important to know how cryptocurrencies work. The reason is, this technology will determine its usefulness and growth potential in the future.

Bitcoin uses blockchain technology with the Proof of Work (PoW) method. This means that everyone can compete to mine Bitcoin by solving complex algorithms. Whoever manages to solve the algorithm, then he will get a reward in the form of coins. However, to mine you need a large amount of electricity and a computer with high specs. Therefore, Bitcoin can be said to be energy-intensive and not environmentally friendly.


Unlike the Proof of Stake (PoS) method applied by Cardano and Solana coins. PoS allows you to mine Bitcoin by storing coins that you have had on the network for some time. As a commission from this, you can get a wage.


This technological system could affect the popularity of cryptocurrencies in the future. If we compare the two working methods above, it is likely that the PoS method will be more popular in the future because of these environmental issues.


3. Market capitalization

Market cap is all crypto assets circulating in the market. By knowing the market capitalization of a cryptocurrency, you can understand how much public interest is in the currency. In addition, this indicator can also be used to measure growth over time. To date, Bitcoin, Ethereum, and Binance Coin are the three coins with the largest market cap.


4. Currency price history

Although the price of cryptocurrencies is very volatile, their movements will form a trend when viewed in the long term. Therefore, historical currency price information is important for those of you who want to make a profit from investing in cryptocurrencies. To analyze currency history, you can use technical analysis with trend line indicators, resistance and support levels, to moving averages.


5. Community chat on the internet

Cryptocurrency prices are heavily influenced by market sentiment. One way to predict market sentiment is to observe community conversations on the internet about cryptocurrencies. That way, you will know people's perceptions about the currency. You can also monitor the social media posts of influential people. For example, Elon Musk whose Twitter tweets often have a big influence on cryptocurrency prices.

6. News about cryptocurrency

News about cryptocurrencies in the media can also affect investor sentiment towards cryptocurrencies. An example is news about the latest government regulations and other important events.


That's an explanation of tips for choosing cryptocurrencies and the factors that must be considered. Doing research before entering into a new investment instrument is the right thing to do. As an investor, of course, you must know what "goods" you will buy later. Hopefully the information above is useful, yes!

Cardano (ADA) is The Hottest Crypto Asset Ahead of The Smart Contract Event

Edwar Ramadhan 2:08:00 AM Add Comment

The Cardano crypto asset (ADA) is recording a surprisingly significant growth. In terms of prices, in the period 20 July - 20 August 2021, ADA has shot up 146.08%. Much higher than Bitcoin (BTC), Ethereum (EHT), and Binance Coin.


Cardano (ADA) is The Hottest Crypto Asset Ahead of The Smart Contract Event



Quoting Coinmarketcap.com, as of 4:15 p.m., the price of Ethereum has jumped 86.36% in the past month. Followed by Binance Coin which rose 64.2% and bitcoin which rose 60.46% in the same period.

In addition to the sharp increase in its price, in terms of market capitalization, surprisingly, ADA has also succeeded in overtaking BNB as the crypto asset with the third largest market capitalization.

Based on trading volume in the last 24 hours, ADA is also the most heavily traded crypto asset in Indonesia. Referring to Indodax and Tokocrypto, ADA ranks at the top of trading volume.

“ADA's price movement has been really hype lately, even though its superior feature, namely smart contracts, is not yet ready. Most likely, this is indeed a lot of investors who are FOMO on this coin because it is predicted to be the next Ethereum killer," explained Triv.co.id CEO, Gabriel Rey to Kontan.co.id.

Meanwhile, the CEO of Digital Exchange, Duwi Sudarto Putra, said that ADA is currently focusing on developing smart contract features on its platform. If this development is successful, with the advantages it has, it is not impossible that in the future the price of ADA will rise again.

In addition to the development process, Duwi said, the implementation and the current system as well as strong community support will also be important factors for the movement. If these three aspects are met, it is not impossible that ADA can match and even beat the existing smart contract features

Tokocrypto CEO Teguh K Harmanda also did not deny that Cardano is a coin that investors need to pay attention to for the next few months. According to him, Cardano will receive positive sentiment from the planned launch of the smart contract feature in September.


"This news will be a very good positive sentiment for Cardano and has the potential to cause an increase in the price of the ADA coin," said Teguh.

Meanwhile, the existence of this smart contract will later allow Cardano to incorporate more applications including Decentralized Finance (DeFi) which allows for automated lending and trading features of crypto assets.

Coindesk reports that the service upgrade could put the Cardano network in a better position to challenge Ethereum, which is currently the leader among blockchains with smart contract functionality.

While Gabriel believes that if investors really want to speculate and take advantage of the momentum, there's nothing wrong with looking at ADA. “However, the prospects are actually still a question mark. In terms of technology, it is better, but the ADA ecosystem is not as big as ETH," he concluded.