Overview

Requirements

• No prior knowledge of cryptocurrency or blockchain is required
• Owning at least one cryptocurrency on an exchange or a wallet is recommended
• Patience as staking can take a few days to a few months to complete

Where will you be after reading this ebook?

After reading this ebook, you will be able to:

• Buy/swap any cryptocurrency and send it to your wallet or exchange for staking
• Tell the difference between lending and staking
• Stake on any exchange
• Calculate how much you can make out of staking
• Use your profits and spend them in the real world

What you'll learn

Thanks to this eBook, you will learn how to stake your cryptocurrency and earn passive income, either on an exchange or on your software wallet. You will also learn how to swap any cryptocurrency to another one, send it from exchange to exchange or wallet to exchange, and how to choose the right staking platform.

Chapter 1: Cryptocurrency Staking Fundamentals

• Understanding Blockchain and Proof of Stake
• Earning money from non-stakable tokens
• Staking or lending?
• Tips on choosing your first exchange / wallet

Chapter 2: Advantages and Risks of Cryptocurrency Staking

• The Benefits of Staking: Passive Income, Security, and Network Participation
• Staking Risks: Inflation, Coin Volatility, and Platform Vulnerabilities

Chapter 3: Exploring Different Types of Staking

With examples

• Delegated Proof of Stake (DPoS)
  • How DPoS Works
  • Pros and Cons of DPoS
• Proof of Stake (PoS) Coins
  • The Basics of PoS Staking
  • Popular PoS Coins
• Staking Pools
  • Joining a Staking Pool
  • Advantages and Disadvantages
• Staking-as-a-Service (StaaS) Platforms
  • Overview of StaaS
  • Top StaaS Providers
• Decentralized Finance (DeFi) Staking
  • Introduction to DeFi Staking
  • Yield Farming and Liquidity Mining

Chapter 4: Staking Strategies for Maximum Returns

• Swap cryptos
• Wallets vs exchanges
• Diversifying Your Staking Portfolio

Chapter 5: Staking Taxation and Regulatory Considerations

• Understanding Crypto Taxation and Reporting
• Staying Compliant in a Rapidly Evolving Regulatory Landscape

Chapter 6: Conclusion & Lessons Learned

• Pro Tips for Staking
• Money Management