What is Staking

What is Staking ?

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Staking in Crypto

If you review the interest rates offered by traditional bank accounts and building societies in the United Kingdom, you will quickly realise that the interest rates offered are not keeping pace with inflation. At the time of writing, Inflation is at 9% in the UK, the highest level for 40 years.

Within Crypto, there is a way to earn interest on the Crypto that you hold and that is called Staking. The rates on offer are typically much higher than you will be offered at a high street bank and therefore more attractive. In this video, I answer the questions, what is staking? and how do you Stake Crypto? This is helpful for those who are relatively new to the Crypto sector. Let me know your thoughts in the comments section below. At this point, it is customary for me to remind you that I am not a financial adviser and this is not financial advice.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you staked any Crypto yet? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.io

 

You can also earn interest on the Crypto you hold from BlockFi.

Visit https://blockfi.com/mikepitt to get started.

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My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

 

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