ByBit Staking for Beginners Without Fluff! How to Generate Passive Income from the Exchange

Hey, everyone! In this video, let's have a chat about staking on the crypto exchange Bybit. Right off the bat, head to the staking section located in the finance earn category. To grasp the concept, staking involves freezing a portion of our crypto, and in return, we earn a percentage of returns. It's essentially similar to a traditional bank deposit. As you can see, there are various staking options, including liquidity mining, which is a form of staking where funds are locked for a yield.

Now, let's delve into Bybit Savings and Ethereum 2.0. Starting with Bybit Savings, we have exclusive offers with enticing APR. For instance, staking FLOKI for 7 days can yield a whopping 120% APR, a pretty sweet deal. Note that these offers have a limited supply of coins, adding a layer of exclusivity. Staking can be fixed or flexible, allowing withdrawal at any time. However, in fixed staking, withdrawing early means missing out on the full interest. Let's take a look at flexible staking with Bitcoin.

To demonstrate, enter the amount you want to stake, agree to the terms, and hit stake. Additionally, there's an auto-invest feature that automatically restakes the earned coins. For fixed staking, the APR remains constant throughout the duration, providing a set return. Now, Ethereum 2.0 operates similarly but exclusively with Ethereum. Each staked Ethereum yields a 1:1 return. Enable auto-reinvestment, and your earnings will be restaked automatically.

That's a wrap on staking! If you have questions, drop them in the comments. Stay tuned for more videos. See you next time!

Keywords:
Bybit, staking, crypto exchange, Bybit Savings, Ethereum 2.0, liquidity mining, APR, FLOKI, flexible staking, fixed staking, auto-invest, cryptocurrency, finance, earn, crypto yield.

[G]

What does stake USDT with 555% APR for three days, if i applied 100 USDT, what profits do i get after the three days ?

[tushar__________]

I have staked 3158 dogs in bybit i just want to knw how much coin I'll recive i don't want to sell them right now nd also want to knw my coins are safe?