The Staking WAR has begun, who is wining it?

TimtheYoutuber

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Quote from: joinfree on March 03, 2020, 02:49:49 AM

I would definitely vouch for Binance because it has one of the wide range of coins that it allows to be staked on its platform than Coinbase. Also, because Binance serve as an exchange platform liquidating your rewards is very easy. I don't know but i think you can add Stake Cube platform, their return on investment is very decent and there are no issues with withdrawals when the time is due.

Coinbase is also an exchange that would have this feature.

joinfree

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I would definitely vouch for Binance because it has one of the wide range of coins that it allows to be staked on its platform than Coinbase. Also, because Binance serve as an exchange platform liquidating your rewards is very easy. I don't know but i think you can add Stake Cube platform, their return on investment is very decent and there are no issues with withdrawals when the time is due.

RDNX

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Well. I rather staking my coins using my client apps than staking directly to the Exchanges.
I think it's more saver.

jumail

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Staking is one of the best choices for earning profit from cryptocurrency now, with low risk. In my opinion, the most effective is participating in staking on global potential exchanges. Some exchanges offer different percentages, some exchanges also charge staking fees, some are fixed and some are flexible, this should also be taken into consideration. The following are some comparisons of the annual rate of return from staking in exchange centralization

hopenotlate

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Best option nowadays in my opinion is neutrino token staking on waves exchange ;
not a centralized one so may be slightly offtopic here but : staking a stablecoin with an estimate annual return of around 15% and without the need of trusting a third party worth a mention imo.

https://neutrino-staking.com/

TimtheYoutuber

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Quote from: deeameea27 on February 08, 2020, 11:03:13 AM

Is better to stake on local wallet then on exchange , well even if cost with pc or laptop or server to run it 24/7 is higher then we have no risk to lose the coins. Or we have any exhange where we can stake and get more coins if we hold coins on our wallet , on wallet where we have the private keys for?

I don't know who will win, well the most lucky coin

I think this would be extremely interesting because decentralized exchanges have not really popped up.

deeameea27

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Is better to stake on local wallet then on exchange , well even if cost with pc or laptop or server to run it 24/7 is higher then we have no risk to lose the coins. Or we have any exhange where we can stake and get more coins if we hold coins on our wallet , on wallet where we have the private keys for?

I don't know who will win, well the most lucky coin

TimtheYoutuber

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Quote from: lancelot18cryp26 on February 05, 2020, 08:13:47 AM

Exchange staking is fully centralized. I prefer to stake on decentralized finance apps but only after they prove themselves.
Celsius founder is creating too much hype like bitconnect and i do not like that.
Only time will tell.

So you won't be staking on centralized exchanges?

lancelot18cryp26

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Exchange staking is fully centralized. I prefer to stake on decentralized finance apps but only after they prove themselves.
Celsius founder is creating too much hype like bitconnect and i do not like that.
Only time will tell.

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Quote from: ?? on ??

Quote from: JeotQ on February 05, 2020, 01:01:54 AM

There shouldn't be any war because of Staking abilities from binance and coinbase but if I have to choose I will definitely choose binance because of better support, personally I don't like coinbase for some few reasons

Depends from how a person/investors understand this staking capabilities and how they handle support from both exchanges. Knowing the advantages and on how you will prefer to take the benefits. Staking if the coin is performing gives a lots of profitable chances to any traders that is will participate in this kind of investment.

I do not like either at all but I think there will be no loser. Coinbase is for those in the US who cannot use Binance, and now with presence in the UK after Brexit, they will do better. Binance will forever be associated with China so I know a lot of people will go and choose a rival just not to support the monopoly of CZ.

A true investor would spread out risk to both.

JeotQ

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There shouldn't be any war because of Staking abilities from binance and coinbase but if I have to choose I will definitely choose binance because of better support, personally I don't like coinbase for some few reasons

TimtheYoutuber

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What does everyone else think about this staking war?

TimtheYoutuber

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Quote from: kapalmabur on January 20, 2020, 09:13:29 AM

Quote from: Bohr256 on January 10, 2020, 06:17:52 AM

I'd never trust a chinese company with my money. Like someone else said, what if their government steps in? Or the US can cut it's head, just like they did with huawei. I sound like im trashing the chinese, but they always ruin everything for everybody.

China and the United States have more power than other countries, crypto-currency projects in that country are also very risky to expect news from the country, still remember the NEO? NEO fell sharply when the Chinese government banned crypto currencies, the price of NEO before that was still at $ 50-70, and now only $ 11

Not that I like NEO, but tbf all crypto dropped during that time. Bitcoin was once 20k. Good times

kapalmabur

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Quote from: Bohr256 on January 10, 2020, 06:17:52 AM

I'd never trust a chinese company with my money. Like someone else said, what if their government steps in? Or the US can cut it's head, just like they did with huawei. I sound like im trashing the chinese, but they always ruin everything for everybody.

China and the United States have more power than other countries, crypto-currency projects in that country are also very risky to expect news from the country, still remember the NEO? NEO fell sharply when the Chinese government banned crypto currencies, the price of NEO before that was still at $ 50-70, and now only $ 11

TimtheYoutuber

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Quote from: magneto on January 12, 2020, 06:10:37 AM

Just a few years ago it seems like that staking will never take place on an exchange. Guess that was wrong.

But yeah, I think that Binance has definitely got an edge in this game because of the fact that they provide much better customer service from anecdotal evidence as well as the fact that they deal more in altcoins, specifically PoS altcoins. Coinbase may have a large customer base but their customers are mainstream investors without much of a need for staking.

That's why I think BNB could potentially be a good investment at this stage.

Why would mainstream investors not be interested in staking? Some liquid staking coins are 5%+ which would certainly intrigue mainstream investors.

Not that I would use an exchange to stake, but still.

magneto

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Just a few years ago it seems like that staking will never take place on an exchange. Guess that was wrong.

But yeah, I think that Binance has definitely got an edge in this game because of the fact that they provide much better customer service from anecdotal evidence as well as the fact that they deal more in altcoins, specifically PoS altcoins. Coinbase may have a large customer base but their customers are mainstream investors without much of a need for staking.

That's why I think BNB could potentially be a good investment at this stage.

bobelr

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Quote from: qwizzie on January 11, 2020, 12:11:46 PM

Quote from: TimtheYoutuber on January 11, 2020, 10:07:38 AM

Quote from: qwizzie on January 10, 2020, 06:28:18 AM

Bitcoin Suisse Offers Dash Staking Service
https://www.bitcoinsuisse.com/news/bitcoin-suisse-offers-dash-staking-service

Quote

As the leading crypto-financial services company in Switzerland, Bitcoin Suisse is constantly adding new and innovative services to its client offering.
This includes assisting clients who wish to stake their crypto holdings with Proof-of-Stake (PoS) blockchains.

Now in addition to Tezos and Ethereum 2 services, Bitcoin Suisse is proud to announce its service for staking with Dash masternodes – the part of the Dash network that
employs PoS and helps support advanced services and governance on the network. As with other blockchain networks which employ PoS, Bitcoin Suisse makes it easy to
commit even small crypto holdings and earn rewards without operating and maintaining validator or masternode infrastructure. There is no minimum amount of Dash required
to use Bitcoin Suisse’s Dash staking service.

Dash is extremely expensive to stake so this could be a better opportunity for people to participate. However, I have never heard of this company so I wouldn't trust them.

Personally if i were to stake through a centralized third party, i would stake with Kraken (after they finished implementing staking for Dash).

https://www.kraken.com/en-us/features/staking-coins

On the other hand, Switzerland does have one of the most strict compliance and regulations with regards to crypto i heard. Meaning that crypto-financial services companies
need to comply to a lot of rules before they are allowed to operate within Switzerland.

https://en.wikipedia.org/wiki/Bitcoin_Suisse

OH cool. Kraken is a lot better but I think decentralized staking rocks. If you will need one, head to atomicwallet.io
It happens right inside atomic wallet and I could some of the coins you listed up there are available in there.

bobelr

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Why are they taking blows? I suppose cos they know probably things might turn out crazy tomorrow and they just take over people's stakes coins. But cryptocurrency is becoming interesting as things change for good.
Now, there is a way you can stake coins without having to do that on exchanges. It's called decentralized staking and that is done with Atomic wallet. It is a non custodian decentralized wallet service that let's users stake cryptocurrencies and getting reward from validators. Quite fascinating.
I do only need to download the wallet, own my key and decide whether to stake or not and never to worry if an exchange with exit scam or get hacked. More info on Atomicwallet.io

qwizzie

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Quote from: TimtheYoutuber on January 11, 2020, 10:07:38 AM

Quote from: qwizzie on January 10, 2020, 06:28:18 AM

Bitcoin Suisse Offers Dash Staking Service
https://www.bitcoinsuisse.com/news/bitcoin-suisse-offers-dash-staking-service

Quote

As the leading crypto-financial services company in Switzerland, Bitcoin Suisse is constantly adding new and innovative services to its client offering.
This includes assisting clients who wish to stake their crypto holdings with Proof-of-Stake (PoS) blockchains.

Now in addition to Tezos and Ethereum 2 services, Bitcoin Suisse is proud to announce its service for staking with Dash masternodes – the part of the Dash network that
employs PoS and helps support advanced services and governance on the network. As with other blockchain networks which employ PoS, Bitcoin Suisse makes it easy to
commit even small crypto holdings and earn rewards without operating and maintaining validator or masternode infrastructure. There is no minimum amount of Dash required
to use Bitcoin Suisse’s Dash staking service.

Dash is extremely expensive to stake so this could be a better opportunity for people to participate. However, I have never heard of this company so I wouldn't trust them.

Personally if i were to stake through a centralized third party, i would stake with Kraken (after they finished implementing staking for Dash).

https://www.kraken.com/en-us/features/staking-coins

On the other hand, Switzerland does have one of the most strict compliance and regulations with regards to crypto i heard. Meaning that crypto-financial services companies
need to comply to a lot of rules before they are allowed to operate within Switzerland.

https://en.wikipedia.org/wiki/Bitcoin_Suisse

TimtheYoutuber

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Quote from: qwizzie on January 10, 2020, 06:28:18 AM

Bitcoin Suisse Offers Dash Staking Service
https://www.bitcoinsuisse.com/news/bitcoin-suisse-offers-dash-staking-service

Quote

As the leading crypto-financial services company in Switzerland, Bitcoin Suisse is constantly adding new and innovative services to its client offering.
This includes assisting clients who wish to stake their crypto holdings with Proof-of-Stake (PoS) blockchains.

Now in addition to Tezos and Ethereum 2 services, Bitcoin Suisse is proud to announce its service for staking with Dash masternodes – the part of the Dash network that
employs PoS and helps support advanced services and governance on the network. As with other blockchain networks which employ PoS, Bitcoin Suisse makes it easy to
commit even small crypto holdings and earn rewards without operating and maintaining validator or masternode infrastructure. There is no minimum amount of Dash required
to use Bitcoin Suisse’s Dash staking service.

Dash is extremely expensive to stake so this could be a better opportunity for people to participate. However, I have never heard of this company so I wouldn't trust them.

Topic: The Staking WAR has begun, who is wining it? (Read 1281 times)