Considering To Decentralized Platforms

DoublerHunter

hero member

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Quote from: worldtraveller321 on March 26, 2022, 03:37:35 PM

~snip~
What decentralized exchange is best for staking coins like LTC and ETH?

^ BISQ exchange I think. It is a pure decentralized exchange.
Probably you need this list, https://defiprime.com/exchanges or this, https://coinmarketcap.com/rankings/exchanges/dex.
Considering dex to use is a wise idea, especially for those who care about privacy and other purposes regarding hiding self-information, DEXs is the better place for trading. It is really hard to find an exchange to entrust your fund but it is a part of risk.

bocyaj

sr. member

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The crypto sustained for over a decade because of the decentralised concept.If it was controlled by the government or any private organisations.Surely it may end over five years. You Had to read the history of the certain things before investing your own money.I had some usage in the exchange like the FTX,even it’s centralised.We can use it for the transaction alone,because the transaction fee is zero dollar for it.

vv181

legendary

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You aren't generating interest when you staking but a reward. Those centralized platforms you mentioned may offer lending options thus you are able to generate interest. Both terms are completely different.

And There is no such thing about staking LTC. Before you proceed to jump around into DEX, you should've learned the basic concepts of things like liquidity mining, yield farming, etc. Try to comprehend what is the risk and the reward about it.

worldtraveller321

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The Quest of the Best Information to the Solution

ok thanks so much on that, yes i am not into those sh%tcoins by any means

seems too shady

things like Pancake token etc, or sushi swap

Beerwizzard

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You probably would not be able to earn interest on LTC on decentralized platform (same with BTC but you can switch it to WBTC). And most of their staking options that offer insane outcome are provided only for shitcoins and it is a huge doubt if it worth investing on these alts at all. The best thing you can do is stick to anything reliable like ETH there.

Quote from: BitcoinBarrel on March 26, 2022, 03:42:21 PM

I like exodus wallet with built in staking/rewards. Not sure about decentralized exchanges or staking platforms though.

I guess they are providing staking on blockchain, not on DEX.

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

Can you stake Litecoin? I wouldn't trust any third party staking service that isn't the proof of stake coin itself.

Cardano is good but need 1 ADA minimum to withdraw. Cosmos looks to be alright. Solana is popular but not sure about it.

I like exodus wallet with built in staking/rewards. Not sure about decentralized exchanges or staking platforms though.

worldtraveller321

member

Activity: 512

Merit: 33

The Quest of the Best Information to the Solution

I am slowly moving all my coins/tokens off many of the centralized platforms such as Blockfi, FTX etc.

Going to decentralized platforms. First step move everything back to my wallets.

Then i want to get back to staking coins and earning interest but only to use Decentralized platforms like Uniswap etc.

Do you think this is good move for sure?

What decentralized exchange is best for staking coins like LTC and ETH?

Thanks as there is so many to choose from

Topic: Considering To Decentralized Platforms (Read 77 times)