Staking multiwallets are safe? | Bitcointalksearch.org

deep4u

sr. member

Activity: 630

Merit: 250

Quote from: timmmers on January 11, 2019, 06:50:28 AM

Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?

after reading your thread i definitely sure its some scam wallet who will just steal your crypto and i don't think it's a good idea to invest your money in this type of scams.

bit-freedom

sr. member

Activity: 658

Merit: 256

Don’t sound legitimate to stake bitcoin when there is no such thing in the first place. Unless the company offer your bitcoin as loan to others and paying you a share of the interests. I will advise to stay away, there is no free lunch in the world.

semobo

full member

Activity: 1498

Merit: 146

Quote from: timmmers on January 11, 2019, 06:50:28 AM

Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?

Don't lose your money by getting attracted to this no one is going to give you free money for having your money and your own wallet.There are lot of cases similar cases were there in history now the new one so just ignore it and go away for a legit wallet

jointherevolution

jr. member

Activity: 229

Merit: 3

EndChain - Complete Logistical Solution

Assuming this involves the process of sending your funds to the app to be locked somewhere for the duration of the time needed to get the ROI you must be very careful who you trust. I do not know this app but you can try cold staking if you want to do it with mobile app, there is Coinomi app where you can cold stake the coin Callisto. And it is more safe than what you describe.

Geenstijl

legendary

Activity: 1232

Merit: 1000

There is no guarantee that it is a legit project. Frankly speaking it sounds like some kind of ponzi scheme. They are fre to do anything with your crypto as well as run away. Until I'm fully assured in the team and project as a whole I'd never risk my money. And 11% is not that much to even think about it.

markieeeloy

jr. member

Activity: 296

Merit: 2

If we are staking on our wallet with our own device and we have full control on the coin when we exit or not, it is safe. But if we transfer it to other account or platform to stake, that is not a good idea. Because you are giving your coins to other user wallet.

dirgayeah

full member

Activity: 868

Merit: 103

*Indonesian Professional Translator and BM*

Quote from: timmmers on January 11, 2019, 06:50:28 AM

Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?

wow. this sound's like ponzy scheme with blockchain mask. I don't know if any stake system with non POS coin can give much ROI ?. so be aware brother, there's so many systematic way for gather people's coin.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

I'm not aware of them so I have really no idea what's this cobo wallet. For me, they aren't safe, I wouldn't trust that if they are taking bitcoin and ethereum for 'staking'.

It's probably their scamming scheme after someone deposits and believed that you'll be staking your btc and eth, they'll soon cash it out.

adrianto1995

full member

Activity: 714

Merit: 160

Quote from: timmmers on January 11, 2019, 06:50:28 AM

Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?

Wut, staking Bitcoin and Ethereum?
Since when Bitcoin and Ethereum can be staked? there are non-stake-able coins. I think is just a trick from cobo wallet developers to gain interest from people so they want to try and use their wallet...
IMO

hellyah070

copper member

Activity: 196

Merit: 0

Quote from: timmmers on January 11, 2019, 06:50:28 AM

Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?

What does this staking benefits the crypto holder? Sorry, but it was just the first time I heard about it. I just mainly store cryptos on my wallets but not knowing about staking or in any sense.

cryptonight9631

copper member

Activity: 140

Merit: 1

CryptoMarketAds

Be sure to fully acknowledge the projects purpose, if you still don't read its whitepaper, I advice you to read it to know more, and also verify their credentials at sec if they are registered. Be careful out there, because many scams right now are in our place.

Herbert2020

legendary

Activity: 1946

Merit: 1137

you can't stake something that is not stake-able! so the wallet is either scamming people to take their money and run away or it is a custodial wallet where you have to give up control over your private keys and basically give your money to them and they do with it whatever they like. and then pay you some profit. which is even riskier since you no longer have any kind of control and they can decide to take your money and close your "account" at any time they wish to.

KingDome

jr. member

Activity: 434

Merit: 1

Don't get the real purpose of the developer to hold your coins on their wallet though but as far as I see, they might be having such an evil procedure.

timmmers

sr. member

Activity: 1176

Merit: 265

Quote from: JimmyNg90 on January 11, 2019, 07:37:42 AM

11% ROI in ?? months? I think ROI in here is not only from POS. It is maybe as a loan. They want us spend our assets and they will invest in other businesses.

Per year of course.

I do not know, that is why I am asking, if it is safe and what they are doing with the funds? 11% interest per year you will not earn from loans or?

JimmyNg90

copper member

Activity: 196

Merit: 0

11% ROI in ?? months? I think ROI in here is not only from POS. It is maybe as a loan. They want us spend our assets and they will invest in other businesses.

timmmers

sr. member

Activity: 1176

Merit: 265

Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?

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