You've probably seen or heard of this word a couple of times.

You've wondered what it is, and why many people indulge in it.

Well, in this post I will be explaining exactly all there is to know about staking. Stick around!

So first, a definition: 

Staking is the process of locking up your crypto assets in a wallet to enable transactions on the Blockchain of the crypto asset you locked up.

So simply, staking is the act of leaving your funds in a wallet to garner some passive income for you, at 100% no risk to you (the only risk you encounter is that the price of the crypto will fall, but that doesn't affect your earnings in any way).

So why do people stake?

Simple! They want risk free money. They want their money to work for them.

Imagine having $10000 to invest in crypto but still having a day job. Obviously you could buy and hold a crypto asset for massive returns in a year. But how about earning extra income on the asset you just bought, while still keeping your principal AND earning even more massive profits at the end of the same time frame? 

That's the power of staking!

So why do people still trade while they can stake risk free?

As I said, I comes down to personal preference. Many people love that risky trading life, and trading has the ability to give you the same percentages that staking gives you in a year, in a few hours. 

Trading is generally more profitable than staking, but also a lot riskier than staking.

Another benefit to staking is compounding interests. Staked coins bring more free coins, and these free coins also get staked to bring more free coins, and the cycle continues. So at a time you could literally draw out your initial investment and have your profits stake for you. It's free money!

That's really all there is to staking. There are of course complex parts and other complex divisions of staking. But in the long run, this basic introduction is really lost of what you need to get started.

You can use the Trust wallet to get started staking. They pay the highest interest rates per annum, and it's backed by Binance insurance should anything go wrong.

Thanks for reading!