So you're ready to make some passive income with your crypto? Who wouldn't? I know I certainly was! One of the great ways to do this is staking! Today we're going to be focusing on what is the difference between proof of work and proof of stake? 'cause that's really what makes this all possible. Then we're going to cover what is staking? Why y ou should stake a nd then lastly, we're going to be talking about why Coinbase and Kraken and all of these other exchanges really want you to stake and why this is a little controversial i n the cryptocurrency world. Now in the next video I'm going to get really tactical about how you actually stake in both Coinbase and in Kraken. So if you're excited about that, I'm going to link that above as soon as it's ready, and you can jump to that after you finish this video. ...
Are you a maker or a taker? Which ones better? Why does it even matter? We're going to be answering all those questions today. You can't talk about maker or taker without also talking about fees, liquidity, the order book and order types. We're going to be covering some of these today, but I've also gone in depth into different order types, both buying and selling. I'll link those videos below. I'd really encourage you to start there and check those videos out if you're really not too familiar with different order types, because those are important when we're talking taker and maker. Now with that, whether you're using Coinbase, Kraken Pro, Gemini Finance - any of these different exchanges, all of them offer a taker maker fee structure, and that's what we're going to be talking about today and why this matters. So with that...