Stake and Earn is such a nice program in the crypto space and this way we can earn returns on our holding while value appreciation is another benefit. Its like earning money in two ways where the first way is to earn if hold for the long term. Basically its buy at low and sell in high so this way we can make money but if we have a long-term goal then we can have another way to earn while holding an this is called stake and earn. We stake our coin in the platform and we get paid returns on staking. I love this concept and always try my best to keep my holding in stake so that it never sits idle.
In India, Bitbns is one of the leading exchanges that offer fixed income plans which allow us to deposit certain coins and earn impressive returns. They offer a fixed percentage of return on various coins including Ethereum, BTC, and some more. Even they have added the CAKE token but I don't own this coin. Maybe in the future, I get the chance to buy the dip, and then I can earn some good returns. I have been using Bitbns FIP program for quite some time and have earned nice returns and that too in form of the same coin that I staked which is a plus.
Every Friday exchnage launch the plans with 30 days lock-in period and its not flexible so coins once locked will not be accessible for 30 days and after maturity deposit along with return gets deposited in the wallet. There are 2 plans to do the staking. BNS is their native token so if we stake with BNS then apr is higher and they pay 20% and without BNS coins its 15% so there is a gap of 5% which is quite high. I had purchased some BNS so that I can earn 20% on ethereum.
I did my staking with 20% as I deposited ETH along with BNS. I did deposit 2.87 ETH and after 30 days I will get 2.917 ETH so it will pay me 0.047 ETH extra and its value will be 156$ approx at the current price of ETH.
Earning of 156$ of ETH just for holding is so good and the best part is that. I get the return in ETH so any value appreciation will also help me get good money.
My goal is for the year 2025 and there is no plan to sell so this way I am earning a decent return and I reinvest the same month on month. There are many platforms but I don't think that anyone offering this much an interest rate. I have also used blockfi but their apr rate is quite low as compared to Bitbns. Bitbns also offer the same plan for Bitcoin and pay 10 and 12% on Bitcoin with and without BNS tokens. If its deposited with BNS tokens then good else default percentage is also much better and surely competitive in the market.
So now since I have deposited this Friday and now its locked and after 30 days I will my coins back and then it will be another time to deposit. Its monthly activity that I do without fail so that my crypto should always remain earning mode.
Its always good to earn passive income and keeping coins idle does not bring any returns. Once my 30 days period is over then I deposit again and this way I keep on reinvesting my coins to accumulate better returns.
You may check out the plans at- https://bitbns.com/trade/#/fip/
Thank you so much
Stay Safe.
Posted Using LeoFinance Beta
Wow! It's great news
Binance too have such staking option allowing users to earn handsomely
Yes, it has and even there are many but Apr is too low as compared to bitbns
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Yay! 🤗
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