Coinbase Staking. | Bitcointalksearch.org

styca

sr. member

Activity: 1078

Merit: 354

Quote from: Text on November 12, 2019, 06:15:15 AM

In my own perspective, you should only put your coins on an exchange if you are ready to trade it. Don't put them all if you are after the rewards by staking... It still better to earn rewards by staking using a desktop wallet cause you have control over it.

True that there is an inherent risk in keeping your coins on an exchange. There is also a risk in keeping everything in one private wallet, in case you do something stupid and lose your key.
Personally I prefer to keep my coins distributed in a variety of places, never too much in one location. Of course this introduces another risk, in forgetting what is where.

amazigh15

member

Activity: 224

Merit: 71

yes it's a very good thing in my opinion have passive income there is little time binance to distribute 9.5 million XLM chips generated through staking

bustedsynx

sr. member

Activity: 859

Merit: 251

Quote from: Text on November 12, 2019, 06:15:15 AM

Is coinbase staking works automatically in all coins/tokens or just for some of them? I am not aware of it until I saw some coins credited to my account on a different exchange even I didn't make any deposit of the coins I received. But I have already some coins on that platform used for trading.
In my own perspective, you should only put your coins on an exchange if you are ready to trade it. Don't put them all if you are after the rewards by staking... It still better to earn rewards by staking using a desktop wallet cause you have control over it.

Well, if the wallet is Proof-of-Stake wallet, then you will receive stakes to your stake-enabled exchange address. If your coin is a ERC-token or a Bitcoin colored coin like Tether and then no stake rewards for you.

Text

hero member

Activity: 2464

Merit: 594

Is coinbase staking works automatically in all coins/tokens or just for some of them? I am not aware of it until I saw some coins credited to my account on a different exchange even I didn't make any deposit of the coins I received. But I have already some coins on that platform used for trading.
In my own perspective, you should only put your coins on an exchange if you are ready to trade it. Don't put them all if you are after the rewards by staking... It still better to earn rewards by staking using a desktop wallet cause you have control over it.

Cnut237

legendary

Activity: 1904

Merit: 1277

I think staking is the next big thing, and it will become far more commonplace. We do have ETHs gradual movement towards PoS too. We all know that PoW isn't a sustainable mechanism, and coin staking whether on exchanges or outside them will I think become normal in the not too distant future.

Pelunize12

sr. member

Activity: 658

Merit: 251

Quote from: adroitful_one on November 11, 2019, 12:11:35 AM

Quote from: Pelunize12 on November 07, 2019, 05:50:15 PM

i am personally not interested with staking bcz of these following reason:

1 low profitability, most of staking services just gives <10% annually, which is low in term of high volatile asset

2 high risk low return, with that reward annualy and big volatility, i think it isnt good at all. such as high risk and low return

That less than 10% you speak of is still way better than keeping your money in any bank right now. I don't see the huge risk from Coinbase that you speak of either.

yes we cant get 10% interest from any bank, but we still can get from bond, state debt, etc. which gives lower risk than staking.

Quote

Personally, I think it's a good thing this is happening. If a coin allows staking and you're holding it, then I think that every site that holds the coins should allow you to earn your stake rewards. It's fine if they take a small fee for hosting it, but there's no reason they should be taking all of the profits from their users holdings on their site.

the problem isnt that exchange doesnt pay stake reward. but its price volality
you get stake reward but the price is down so hard, it would mean nothing. you just lose your money

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

Its another marketing strategy for exchanges to make millions yet interesting but don’t get too excited about those offers, remember “not your keys, not your coin”. It will be risky too if you put your investments in exchanges for long period of time since most staking duration require months or years.

bustedsynx

sr. member

Activity: 859

Merit: 251

Coin staking or rather staking proof of stake coins should have been allowed years ago in the exchanges. I suspected that these exchanges holding "our" PoS coins are actually staking the coins themselves because it is easy to implement since it is their wallets after all.

ashmodeus

hero member

Activity: 1638

Merit: 518

Quote from: Adriano2010 on November 10, 2019, 07:46:18 PM

I didn't now that coinbase offer staking rewards. For which coin you tried OP and what are the steps to try staking on coinbase? I suppose for bitcoin is not possible to get some rewards for simply holding it on coinbase

its quite simple , just put your Tezos on your coinbase account, but well just for US Costumer for now.
---

besides it, as far i see, tezos staking its a trend on nowdays, recently i saw tezos staking is avaliable on trust wallet Mobile wallet.

Quote from: milewilda on November 11, 2019, 12:41:46 PM

Quote from: cribusen on November 11, 2019, 12:33:58 PM

It is a great alternative, to hold coins on exchanges and earn profit by doing nothing. It is obviously a good option for those that have 100k+ in crypto, but it is not worth it for regular users that are holding something like 300 bucks worth of tokens.

Main thing!

Staking profits would only be felt if you do purchase or hold up tons of those coins being offered or else it isnt really worthy nor make you
interest onto this staking field. Coinbase is just simply joining or integrating up things which had already been done in the past even upto now
but majority knows on how this one wont really be that worthy in long term aspect yet knowing that Coinbase is a heavily centralized one so
be careful on putting huge pile of coins.

the good point of it, coinbase knew Tezos is worth for Long term hodl.
although , maybe price is fluctuactive so badly.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: cribusen on November 11, 2019, 12:33:58 PM

It is a great alternative, to hold coins on exchanges and earn profit by doing nothing. It is obviously a good option for those that have 100k+ in crypto, but it is not worth it for regular users that are holding something like 300 bucks worth of tokens.

Main thing!

Staking profits would only be felt if you do purchase or hold up tons of those coins being offered or else it isnt really worthy nor make you
interest onto this staking field. Coinbase is just simply joining or integrating up things which had already been done in the past even upto now
but majority knows on how this one wont really be that worthy in long term aspect yet knowing that Coinbase is a heavily centralized one so
be careful on putting huge pile of coins.

cribusen

copper member

Activity: 490

Merit: 2

It is a great alternative, to hold coins on exchanges and earn profit by doing nothing. It is obviously a good option for those that have 100k+ in crypto, but it is not worth it for regular users that are holding something like 300 bucks worth of tokens.

adroitful_one

legendary

Activity: 1568

Merit: 1041

1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

Quote from: Pelunize12 on November 07, 2019, 05:50:15 PM

i am personally not interested with staking bcz of these following reason:

1 low profitability, most of staking services just gives <10% annually, which is low in term of high volatile asset

2 high risk low return, with that reward annualy and big volatility, i think it isnt good at all. such as high risk and low return

That less than 10% you speak of is still way better than keeping your money in any bank right now. I don't see the huge risk from Coinbase that you speak of either. Personally, I think it's a good thing this is happening. If a coin allows staking and you're holding it, then I think that every site that holds the coins should allow you to earn your stake rewards. It's fine if they take a small fee for hosting it, but there's no reason they should be taking all of the profits from their users holdings on their site.

tonyja2017

member

Activity: 532

Merit: 10

Quote from: ashmodeus on November 07, 2019, 02:01:26 PM

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

It is certainly very good because staking brings a lot bigger profits than banks now. And for potential alts, everyone wants to hold it and that's why tezos and coinbase are the perfect combination.
Hopefully in the future, Coinbase and Binance will continue to offer staking solutions for large alts and that will help the market grow in demand.

boltz

legendary

Activity: 3346

Merit: 1203

For those who cannot run a wallet on their own computer, coinbase offers this option for them and its really viable. For now they have few coins that have this support but in time they will add a lot of new coins and maybe even masternode support.

Personally as long as I can run the wallets myself I won't use such a feature as I don't control the coins especially when for stake you need a good decent amount of coin in order to get decent rewards. Even binance has this offer as far as I know so you have option of where to choose.

Adriano2010

hero member

Activity: 1414

Merit: 516

I didn't now that coinbase offer staking rewards. For which coin you tried OP and what are the steps to try staking on coinbase? I suppose for bitcoin is not possible to get some rewards for simply holding it on coinbase

TimtheYoutuber

full member

Activity: 1708

Merit: 125

www.positivebetting.com

Really good for users who can't do it on their own. Kinda stinks that you can't do it in NY. Damn Regulation!

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: ashmodeus on November 07, 2019, 02:01:26 PM

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

though i am not familiar with the Tezor but still this is one good move from Coinbase though there was an issue from them that using our details or giving it to 3rd party and very alarming yet staking from holding is good.

but we must be aware that holding our coins in exchangers wer not good because as we all knew that they are the target of hackers so in any chance we can be a victim ,as also there are case when the exchange itself being question of 'Hack Me' strategy that they are the one who is responsible for the hacking of their own exchange.

o48o

legendary

Activity: 3052

Merit: 1168

Leading Crypto Sports Betting & Casino Platform

Quote from: ashmodeus on November 07, 2019, 02:01:26 PM

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

Custodial staking should be a default in all exchanges with any coin that is stackable. I am pretty sure that those services that don't offer this service keep the rewards themselves because why not. Just like the forks etc that they are not giving out, they can easily dump them on the market for extra cash.

ashmodeus

hero member

Activity: 1638

Merit: 518

Quote from: adroitful_one on November 07, 2019, 04:13:08 PM

Quote from: ashmodeus on November 07, 2019, 02:01:26 PM

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

I'm not that familiar with Tezos. However, if you have a service that users can deposit coins that are able to be staked and you don't give those profits to your users, it's just not right in my opinion. Someone is making a profit from all of those millions of dollars in coins being held there. Give it to the people that own the coins and just take a small percentage. Seems like the fair way to do it to me.

well i also asking that , too many coins have high reputation than Tezos , but why they picked tezos ?
did that project came from US ?

Quote from: CjMapope on November 07, 2019, 05:14:00 PM

This will be a hot topic for a while around here it seems hehe Cheesy

i wish Coinbase had an offficial thread here people could discuss things on
I tried that staking but idk, when i click thru the screens nothing happens : / people said its for US right now only tho maybe so thats probably why
Here's to hoping this is only the first of many staking coins for them to offer! Shocked

yes , that right .
" Coinbase said U.S. customers (barring residents of Hawaii and New York) can now stake the smart-contract platform’s crypto with an estimated 5 percent annual return"
and i just quite surpised , the price going crazy right now.

Pelunize12

sr. member

Activity: 658

Merit: 251

i am personally not interested with staking bcz of these following reason:

1 low profitability, most of staking services just gives <10% annually, which is low in term of high volatile asset

2 high risk low return, with that reward annualy and big volatility, i think it isnt good at all. such as high risk and low return

Topic: Coinbase Staking. (Read 213 times)