❓What is Staking?❓

❓What is Staking?❓in crypto

Staking refers to “locking up” a digital asset to act as a validator in a network to ensure the integrity & continuity of the network. As an incentive, stakers (validators) are rewarded with newly minted crypto or assets #Staking #DeFi #NFTs #digitalAssets

Advanced explaination :-

We all have fiat in banks and they pay us some 0.002% for the money we have deposited in their bank

This is same as well but with some differences are 

👉you can unstake crypto in says but also depends on the platform 

👉You get higher rewards in crypto

👉You can stake one AltCoin and can earn other coins in swap pools or you can earn that coin only

👉Have to pay minimum fees for the staking and withdrawing

To be straight you or your family or some people you may know have deposited money for a period of time like an year with s fixed interest they get more money when they withdrawal which is so called FD (Fixed Deposit) but what we get in thousands but if you do that in crypto and sell the crypto by watching the charts, selling for best price you're not only making profit with what you hold but also for the staking so double profits

Disclaimer :- 

1. Do you're own research while investing

2. This not a financial advice

3. Happy Trading

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