This content originally appeared on DEV Community and was authored by Course Probe
A lot of people that come to me for advise think the only way to make money in crypto is through trading, and because this seems so complex most of them end up looking elsewhere.
Earning money with Crypto, is super simple and Trading is not the only way. That's why I decided to offer another view into Crypto Earning through Staking and this time explain how to earn passive income in 2022 staking Matic.
How much can I earn with Staking ?
Staking Polygpon MATIC can give you from 11% up to 15% Annual Percentage Rate (APR). You can either use Binance or Crypto.com to buy and stake your Shiba Inu coins.
Staking 500 Matic for 360 days would return 75 additional coins in your account.
For long term holders this is an ideal strategy since the coin might increase it's value in a couple years,at current market prices staking 1210$ would return 182$.
This is not financial advise, just letting you know some scenarios and how staking could work. I encourage you to research more about the coin and this option.
How can I stake Polygon MATIC in Binance ?
Step 1: Get a Binance Account with 10% discount here.
Step 2: Fund your Account to Buy Matic or Deposit your tokens.
Step 3: Click Staking under Earn in the Menu.
Step 4: Under Locked Staking search Shiba Inu and click Stake.
Step 5: Enter the amount you wish to stake and click confirm.
Another option for staking Polygon MATIC is Crypto.com
Step 1: Get your Crypto.com Account here.
Step 2: Buy or transfer your Matic.
Step 3: Click the icon in the middle of the bottom bar.
Step 4: Select Earn, then Start Earning now.
Step 5: Select Matic and follow the instructions.
Help and Support:
I'm available to help you out with any questions you might have through Discord and Telegram:
Discord: https://discord.gg/kTQpdTMArN
Telegram: https://t.me/cryptominingadvisor
What does Crypto Staking means ?
Staking simply stands for holding a cryptocurrency in a wallet for a fixed period, then earning interest on it. The reward you earn from staking varies depending on the length of time you hold it. The longer the stake duration, the higher your returns.
Benefits of staking crypto
- It's an easy way to earn interest on your cryptocurrency holdings.
- You don't need any equipment for crypto staking like you would for crypto mining.
- You're helping to maintain the security and efficiency of the blockchain.
- It's more environmentally friendly than crypto mining.
This post includes affiliate links; The author may receive compensation if you purchase products or services from the links provided in this article to help support this publication at no extra cost for you.
This content originally appeared on DEV Community and was authored by Course Probe
Course Probe | Sciencx (2022-01-04T09:07:34+00:00) How to Stake Polygon MATIC to Earn Passive Income in 2022. Retrieved from https://www.scien.cx/2022/01/04/how-to-stake-polygon-matic-to-earn-passive-income-in-2022/
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