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    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:
    Consensus Mechanism: https://www.youtube.com/watch?v=05IuuX0uFL4
    CoinGecko: https://www.coingecko.com/
    GeckoTerminal: https://www.geckoterminal.com/
    Coinbase: https://www.coinbase.com/earn
    Binance: https://www.binance.com/en/simple-earn
    Kraken: https://www.kraken.com/features/staking-coins

    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

    View 12 Comments

    12 Comments

    3. CoinGecko on

      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.

    5. DeFina on

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

    7. MrTieGuy on

      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.

    11. Marilyn Shaw on

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    12. Nelson Einstein on

      I invest with Mrs Madeline Powell too, she charges a 20% commission on profit made after every trading session which is fair compare to the effort she put in to make huge profit..

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