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re: Official CryptoTalk Thread
Posted on 5/13/21 at 7:53 am to JayDeerTay84
Posted on 5/13/21 at 7:53 am to JayDeerTay84
quote:
in theory its no different than a bank loaning out your money. They are just FDIC insured. These apps have insurance, but its not exactly like the FDIC insurance.
That was going to be my next question. So it’s essentially the same thing as a bank using your savings account to lend/trade. If everyone went to the back tomorrow to withdraw they wouldn’t have the liquid cash.
The difference is that’s actually a possibility in crypto and they aren’t FDIC insured
1
Posted on 5/13/21 at 7:57 am to Tiger1242
Sorry a few more staking questions.
- Is there a fee to stake your coins?
- why do you all seem to think Celsius is the best place to stake?
- can you purchase more coins with your Celcius account to add to your staked coins?
- is there a time limit you are required to stake or can you remove your coins at anytime?
- can you withdraw some of your staked coins and leave the rest in?
- last one, do they pay your % in the coin you stake or in money?
- Is there a fee to stake your coins?
- why do you all seem to think Celsius is the best place to stake?
- can you purchase more coins with your Celcius account to add to your staked coins?
- is there a time limit you are required to stake or can you remove your coins at anytime?
- can you withdraw some of your staked coins and leave the rest in?
- last one, do they pay your % in the coin you stake or in money?
This post was edited on 5/13/21 at 8:06 am
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