Paxful Crypto Exchange Review

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Paxful Crypto Exchange Review

In this quick podcast we go over what crypto staking is and how it works.

Crypto staking is a passive way for you to earn money on your crypto holdings.

By staking your crypto, you lock it (temporarily) into the network to provide your crypto as protection the network.

As a reward the network provides you with a % interest on your crypto. The rewards, delivered sometimes hourly or daily, are denominated in the same crypto that you lock into the network. For example if you stake ADA, the rewards will be in ADA and if you stake ETH, the rewards will be in ETH.

There are both centralized and decentralized staking opportunities. The difference is that with a centralized staking product you have a custodian like an exchange that is managing the funds. 

The benefit to using a centralized service (which you get for trusting the custodian with your funds) is the customer support and service you receive.

If you would rather use a decentralized staking service then you will be simply interacting with the smart contract for the application you are using. This takes a bit more expertise and practice as you will not have a customer support team to help you. Still you can almost always get help by checking out the discord community of the application you are using.

The best thing to do before doing any staking is to research the application you are using. Always find out as much information as you can. 

Crypto staking is exciting for users as it provides much higher % returns than any bank currently offers in interest for a savings account.

Consider that a typical crypto staking reward interest rate is 6-7% while a bank will be less than 1%. This is one of the main reasons many users are diversifying their finance portfolios by staking some crypto.

If you have any questions about crypto staking or have any topics you want us to cover, please contact us: https://bitcoinbikini.com/contact/

What is Crypto Staking? (How Does Crypto Staking Work?)

So you've got your crypto in cold storage with your wallet all set up. You're good to go now, right? Not so fast.

Did you write down or back up your 24 / 12 word recovery seed? Nice. But what if a fire happens? What if a hurricane blows your house down? Not a fun thing to think about but anything is possible.

The solution to this and more is what we discussed in today's episode of the Bitcoin Bikini podcast. 

Introducing the Billfodl. (https://bitcoinbikini.com/Billfodl)

The Billfodl is a fire proof, water proof steel recovery enclosure that manually (no electronics required) stores your recovery seed for your crypto wallets.

The Billfodl is easier to use than competing steel enclosures and a heck of a lot cheaper too. Only costs you 99 bucks and Privacy Pros (the makers of Billfodl) offer tons of bundle options to pick one up with your new hardware wallet.

We use it and can't recommend it enough. 

We consider the Billfodl to be an essential part of your security arsenal for your crypto.

Get the Billfodl here: https://bitcoinbikini.com/Billfodl

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Disclaimer: Nothing in this publication is financial advice and is for entertainment and informational purposes only. This post may contain affiliate links which help to fund the team behind the educational content we provide. Thank you for your support!

Billfodl Steel Seed Recovery Device Review (Safest Way to HODL)

You’ve heard of the ground breaking technology that is cryptocurrency and blockchain.

Yet like most of us when we first started out in this space, you are confused and overwhelmed by the complexity.

Have no fear. Bitcoinbikini.com is here. Our mission for this website:

To educate all people from all walks of life about the emerging technologies of crypto and blockchain. 

Crypto is here to stay. And we want you to be able to take full advantage of this tech.

On Bitcoin Bikini you will find the hottest blurbs in crypto news, the most relevant and up-to-date educational content, and of course tons of product reviews to make sure you have everything you need to succeed in cryptoland.

Up and away!

Make sure to reach out to us if you ever have any questions via our contact form. We are always happy to help and collaborate.

Billfodl Steel Seed Recovery Device Review (Safest Way to HODL)

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