03-30-2021, 12:27 PM
Can someone please explain staking to me?
<!-- SC_OFF --><div class="md"><p>I'm pretty new to this space and don't completely understand how staking works. I just bought £50 of Cosmos on Coinbase from the 'Earn Rewards' section since it says there's a 5% reward. What does that actually mean? Does it mean that in a years time I'll get 5% interest on my current Cosmos balance? </p> <p>If that's the case that's really fucking cool and does anyone know some other platforms/ways I can stake coins?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/thericheat"> /u/thericheat </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mg2lto/can_someone_please_explain_staking_to_me/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mg2lto/can_someone_please_explain_staking_to_me/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I'm pretty new to this space and don't completely understand how staking works. I just bought £50 of Cosmos on Coinbase from the 'Earn Rewards' section since it says there's a 5% reward. What does that actually mean? Does it mean that in a years time I'll get 5% interest on my current Cosmos balance? </p> <p>If that's the case that's really fucking cool and does anyone know some other platforms/ways I can stake coins?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/thericheat"> /u/thericheat </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mg2lto/can_someone_please_explain_staking_to_me/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mg2lto/can_someone_please_explain_staking_to_me/">[comments]</a></span>Kind Regards R