Cryptocurrency Staking Explained: How It ACTUALLY Works

CEX Staking is a way to earn returns on your crypto by holding it on a centralized exchange's designated wallet, supporting the network and earning extra yield on your crypto assets. We'll be focusing on this type of staking in this video:

1. What is staking?
2. How does staking work?
3. Benefits and risks of staking
3. Examples of centralised staking platforms

Links:

Timestamps:
00:00 Intro
00:28 What is staking?
00:48 How does staking work?
01:50 Benefits of staking
02:19 Risks of staking
03:13 Examples of centralized staking platforms
04:28 Outro

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#staking #CEXstaking #howtoearncrypto #earningbystaking #coingecko #centralizedexchanges #whatisstaking #stakingguide

[CoinGecko]

GM Geckos! We focused mainly on centralised staking for this video, but we'll cover one on decentralised staking soon.

We are simply explaining what centralised staking is, its benefits and risks - and we're not in any way asking our viewers to participate in centralised staking or choose one over another. It is important to weigh the potential risks and benefits of centralized staking and make an informed decision about whether or not to participate.

[dougjudy]

Do not stake on centralized exchanges, self custody all your crypto and stake from the wallet. Not your keys not your crypto

[muhammadimranmalaysia]

That's why I stakes Cardano. It's non-custodial, we only delegates our Cardano to the intended pool, meaning that it never leaves our wallet. It can also be unstake any time in the moment in case we want to sell it.

[MrThaineseguy]

Cardano ADA staking does NOT lock up your assets. It's more like a high yield savings account because you still have access to all of your funds and use it whenever you want to. You just earn interest/rewards on what is still in your wallet at each snapshot every epoch (5 days). ADA staking is not hard outside of centralized exchanges. CEX's make it easier but creating your own wallet, withdrawing to your wallet, and controlling your own assets is always best.

[WebV]

*I thought I understood staking untill I watched this*

[BitcoinAndCryptoCurrency]

I have watched many videos on crypto and this is the first one I watched twice - loved it

[ORVR]

ADA Staking on Cardano decentralized staking pools don't have risks like other blockchains..
No lock-up period
No counter party risk/slashing

[walternokomashala]

Are your Coins protected even though the market tanks?? Im aware that when the market tanks also my coins, I guess my question is what ways can i loose my coins apart from market tanking??🤔

[clicknetusa]

Who monitors the safety of the blockchain and honesty of validators?

[Roger-iliw]

If you stake on Coinbase, do you earn rewards in addition to the interest rate? Or is the interest the only reward?

[davidkivakude]

Point 1. Can you explain how the drops in price, can easily out weigh the rewards you earn from staking? Can you explain? I don't believe this to be true

[amehfavour]

Who can tell me how to transfer USDT from OKX wallet to Binance? There is only a seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive

[RGKruse]

This is the easiest to understand that I have seen so far . . . . however, I am still not getting it.

[BitcoinAndCryptoCurrency]

thanks for the information it was very good

[alexandreruf]

Not your keys not your coin. Don't trust CEX

[martinalexander]

anyone using crypto signals? Recommend the best provider