Bet on Bitcoin for a guaranteed X3 profit
Cryptocurrency betting has become increasingly popular over the past year or two, due to its low cost, minimal effort required, and huge profit potential. As a result, a growing number of crypto projects offer staking services, but the reliability, security and profitability of these opportunities are very different.
How staking works
Staking is quite simple. You simply lock your capital for a certain period of time so that it can be used to support the staking protocol. Your funds are put to work to give you a passive profit, without you having to sell them. When using a Proof-of-Stake (POS) consensus mechanism, as you go about your day, the funds in your wallet can be used to verify the authenticity and accuracy of blockchain transactions.
Relatively stable, stakes yield profits of around 10%-12% on average, and do not require you to dedicate time to market analysis or portfolio management. Fees are also exceptionally low, especially compared to most traditional investment strategies.
What to look for in a crypto betting platform
There are a number of characteristics shared by the best staking protocols. To understand what to look for when choosing a betting option, let’s take as an example ArbiSmart, the leading hub for interest-bearing wallet and crypto-financial services. ArbiSmart has steadily increased its market share after taking a completely different approach, which has resulted in a greener, safer and demonstrably more profitable betting platform.
High passive profit: On average, the bet profit averages around 10%. In contrast, however, you will earn up to 147% a year in passive profits, from your efforts at ArbiSmart. Your profit is primarily determined by your account level, which is based on how much RBIS, the native token, you own. You can earn staking income without having any RBIS at all, but owning more native tokens means better returns on staking plans in one of ArbiSmart’s 30 supported currencies.
You simply need to deposit money into an investment plan for a period of 1 month, 3 months, 18 months, 2 years, 3 years or 5 years. Your profit will increase, the longer the plan is, the more you bet and the higher your account status.
A small environmental impact: The environmental costs of investing in Proof of Work (PoW) are becoming increasingly difficult to justify. A huge amount of energy is needed, since for a higher hash rate, and therefore better profit, miners have to use a huge amount of computing power.
However, ArbiSmart is far greener, with an incredibly energy-efficient alternative that provides industry-leading profits, the more you invest, without harming the environment.
A safe betting option: Betting can include a couple of significant risks. To begin with, not all market making protocols are reliable and transparent. Developers or whales can withdraw their money and by withdrawing all the liquidity in the betting pool at once, cause a price crash.
Another risk is incurred if you want to bet Ethereum. There is a greater risk that your stake capital will lose value if the price of ETH falls, since you need to stake 32 ETH, a significant sum, to be eligible to become a validator.
In contrast, with ArbiSmart, you will earn the same consistent passive profit for the duration of the betting plan, regardless of the actions of other market participants, or whether the market is bullish or bearish.
As an EU-authorized financial ecosystem, ArbiSmart has been operating with the right licenses since its establishment in 2019. It has a strong reputation, as a good player in the crypto space, with tough risk management protocols. It remains completely untapped, with a transparent record of fiscal responsibility and has had no instances of hacks or security breaches.
As we can see from our ArbiSmart example, betting can be green, low risk, effortless and profitable, and if you are smart with your choice of service provider, you can make an exceptional APY.
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*This article has been paid for. Cryptonomist did not write the article or test the platform.