If you are in it for long term, dont forget to STAKE YOUR COINS!
There are many ways to stake coins. If you plan to HODL and/or DCA for long term dont forget to stake it. If you plan to HODL it for like 5 years at a 5% rate you Will get 1.05×1.05×1.05×1.05×1.05 = 1.27 1.27×100-100 = 27% in those 5 years. This is Just with 5% there are coins with 10% which Will result in even more coins!
Staking can make a huge difference if you HOLD long term. So dont forget to stake. There are a few ways to get free coins.
A) Flexible savings, for most coins like BTC which arent proof of stake, 1-3% a year. B) Staking, proof of stake coins like ADA which can get you 5-15% per year! Really important! C) Staking in DeFi, higher % higher Risk.
Especially if you are in here for long term maybe pick a coin that is proof to stake to get those extra coins. ETH Will also become POS(proof of stake) so its looking good! You can either stake on An exchange or move your coins of the exchange keep Them in a cold wallet/software wallet and stake Them. Cold wallet is always more safe! Not your Keys not your coins!