The Staking WAR has begun, who is wining it? - page 3.

Periodik

sr. member

Activity: 1022

Merit: 256

Quote from: TimtheYoutuber on December 20, 2019, 12:34:47 PM

Full article: https://www.forrestvisions.com/blog/the-staking-battle-has-begunfind-out-who-will-win-it

The staking war for the most prominent facilitator is underway. Coinbase and Binance are taking blows at each other to become the in house staking platform, who do you think is winning?

Are you currently using a staking platform or facilitating your own?

This is good news. Let them compete with each other. For sure other exchanges will also be offering the same services. This is a healthy competition. I hope the rest of the large exchanges will also follow the examples of Coinbase and Binance. I am planning to join staking but I don't have enough funds to meet the requirement.

OasisDre

member

Activity: 532

Merit: 41

My question is which exchange offers good %% returns when staking? This is what investors cares about, since all the exchanges are top exchanges I think security is not something to be too worried about

meanwords

full member

Activity: 1624

Merit: 163

Quote from: bittraffic on December 20, 2019, 03:34:03 PM

Quote from: Pearls Before Swine on December 20, 2019, 03:25:21 PM

Quote from: qwizzie on December 20, 2019, 01:45:35 PM

Kraken adding Dash staking (soon) can be pretty interesting for Dash, specially if Kraken start to promote it as well.

Interesting. Does that mean they're doing a masternode sharing thing? Dash isn't proof of stake, so I can only assume that's what they're doing. I also think that's very cool, as owning your own dash masternode is out of reach for a lot of people including myself.

What I'm not comfortable with is keeping coins on *any* exchange, no matter how trusted. It might be convenient to stake this way, but it sorta makes my skin crawl a little bit.

You'd rather be staking your coin by yourself at least you know how to make is safer for your investment. Exchanges aren't safe place we've seen it many times that they can be hacked which binance were once hacked. DASH is masternode but this must be a pool to join masternod, a chance after al for those who can't afford the 10k dash collateral.

These are serious ways for these exchanges to lure more customers in crypto.

True, I wish all exchanges (at least the big ones) have insurance incase something bad happened to their system or atleast someone hack in to their exchange, that way, investors would be put at rest to invest in their platform especially that staking is a popular thing here. Though they aren't as safe as taking on your own wallet, staking in exchanges do have its benefits. One of them is lower entry barrier.

Convery

sr. member

Activity: 966

Merit: 254

Why exchanges didn´t come with staking feature a long time ago? Why they all are copying others? They are afraid of innovations?
Dash was one of the first coin where big whales were able to buy masternode and stake coins, why exchanges didn´t buy one Dash masternode and didn´t share the profit from masternode to users?
Similiar thing happened to lending, IEOs and margin trading, every exchange copies other´s move. Roll Eyes

sorrros

full member

Activity: 954

Merit: 104

ludenaprotocol.io

This is a good example how banks will work in the future, they will provide us such services. But it would be better to see more hybrid exhanges that provides staking services. Because still there is an option of being scammed or robbed.

ATSgrowth

full member

Activity: 924

Merit: 106

homt.net

I think that you have a mistake in the article. You said that one of the benefit of using institutional staking is that it requires expert technical skills. But that is just the opposite, you don´t need to be an expert to stake on custody wallets. Cool

o48o

legendary

Activity: 3038

Merit: 1166

Leading Crypto Sports Betting & Casino Platform

Ihmo staking is just natural continuum of custodial services and it will get more like any banking service in the future. Offering loans is already there, some are offering debit cards so i am guessing there will be credit cards and identification service as well. And most regulated will probably win this competition of clients.
There will be unregulated dex exchanges as well offering similar services i suppose, but i can't see them winning as they can't offer as wide of a range services and the owner of the private key needs to carry all the risks.
People who are going to stay unbanked will be the main target group for those and these people don't necessary dig the volatility on their assets.

StatesManG

copper member

Activity: 462

Merit: 10

I don't see any war on this, many projects have had staking features before it went on exchanges. If any exchange could adapt that features, it is a welcome development.

hopenotlate

legendary

Activity: 3402

Merit: 1227

Top Crypto Casino

Quote from: Flux0z on December 20, 2019, 06:18:25 PM

I wont feel sorry for anyone choosing to stake their coins on a centralized exchange and ultimately losing everything.

Crypto is meant to be for us, to be our OWN bank

Yet... We do the EXACT opposite and TRUST other people and companies to hold our money. Now what's the point of crypto in this situation?

1) Stop using centralized exchanges like Binance
2) Start trading and actually using decentralized exchanges like Blocknet. More info here: https://blockdx.com/
3) Start staking your coins on your own, it's really not that hard.

This way, you stay anonymous, and wont need to deal with KYC, be afraid of losing everything, or fear anyone stealing your stack. It's really that simple Wink

Exactly this !!!!

With a little effort everyone can stake their coins by themselves and educate on how not to fall for scams/phishing/hacking.

DDante

member

Activity: 434

Merit: 19

Binance for sure because many investors and traders trust binance more than every other exchanges, binance is winning in every aspect of crypto if you ask me, i am sure that many will prefer binance for long because they are very trusty

Doranile432

member

Activity: 476

Merit: 22

Quote from: TimtheYoutuber on December 20, 2019, 12:34:47 PM

Full article: https://www.forrestvisions.com/blog/the-staking-battle-has-begunfind-out-who-will-win-it

The staking war for the most prominent facilitator is underway. Coinbase and Binance are taking blows at each other to become the in house staking platform, who do you think is winning?

Are you currently using a staking platform or facilitating your own?

It's not about who is winning because many top exchanges are already delivering staking ability now and very soon low rated exchanges will join, the best staking coin should be your aim and that is tezos

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: mrdeposit on December 22, 2019, 05:04:09 AM

Quote from: jossiel on December 21, 2019, 05:39:34 PM

Binance once showed how responsible they were with their customers fund, remember the time that they were hacked? they took full responsiblity and helped the people that were affected.

Binance offers full refund after $40m hack

Coinbase sure can but the other exchanges that were just going with the adoption of staking and not yet known, we don't know if they have that much fund to do the same if a trouble comes to them but hopefully there's none.

Coinbase is another great exchange that also provides $1billion earnings annually. And if they encounter such a situation, they will not sell a great image so far for a few million. You can be sure that they have enough money to pay back the stolen money after hacking.

Staking is not something that can be competed for, more demand, more earnings.

I didn't said that Coinbase can't do the same thing as Binance did when a trouble comes, I'm more worried about those exchanges that are also going with the rush of staking.

That's where my what if is pointing to.

huu78

sr. member

Activity: 1204

Merit: 253

Undeads.com - P2E Runner Game

I'm not very interested in such a war, because all markets are aimed at the currency exchange and each has its own advantages and disadvantages. So I think you should stop this kind of debate if only reap excessive problems. But if from one there is a fishing thing or plagiarism is reasonable just those war like that.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Staking can't be really that much of a war because stake coins are not really as big as people think they are. Look at all the staking coins and how much they are bringing to the table and what their market cap is versus (even if you leave out bitcoin) all the other proof of mining coins.

Proof of mining coins has won a war that didn't even existed for them, it is clear that people don't care about a coin just because it is staking, sure it is a nice thing if it has staking and wouldn't mind having it but staking is not a reason to buy a coin, not enough all by itself. Binance is making SO MUCH money from the trading fees and withdrawal fees that staking would be a funny silly small income for them that they wouldn't mind losing if they would or win if they do.

btcmurat

sr. member

Activity: 840

Merit: 253

Quote from: #Darren on December 20, 2019, 01:30:24 PM

Coinbase is the best exchange in my opinion and the most trusted one. Binance is awesome as well, but if you compare such giants, Coinbase has even no launchpad, own token, margin and much more and if they implement those functions, Binance would be defeated.

I can't say I'm ever trusted for an Exchange. Because none of them are relatives. We can only make some comparisons. In this case Coinbase is more reliable. Binance has made a huge improvement. I still think it's the source of much speculation.

Adriano2010

hero member

Activity: 1414

Merit: 516

Coinbase is a good exchange and if verify on pro coinbase they have option to withdraw crypto coins without pay a fee, also Binance is a known exchange and have a lot of users, i don't know which one have more users, but i like to stake if possible directly on my pc to avoid any problems. What coins you staking on coinbase and Binance?

ashmodeus

hero member

Activity: 1638

Merit: 518

Quote from: TimtheYoutuber on December 20, 2019, 12:34:47 PM

~snip

oh well, how i cant realize it , thanks for reminding btw Grin

yes that true, we on staking WAR , big companies create a unique staking based of their relatisionhip with a coins who giving staking reward.
QTUM, STRATIS , ALGO , XTZ , and many more.
for me , seriously i dont care who will win about it, since staking for me is a good idea for bear market .

zeze18

sr. member

Activity: 938

Merit: 256

Quote from: TimtheYoutuber on December 20, 2019, 12:34:47 PM

Full article: https://www.forrestvisions.com/blog/the-staking-battle-has-begunfind-out-who-will-win-it

The staking war for the most prominent facilitator is underway. Coinbase and Binance are taking blows at each other to become the in house staking platform, who do you think is winning?

Are you currently using a staking platform or facilitating your own?

Binance is really having a hard works on cryptocurrency exchanges, in a short time it already become the best exchange in cryptocurrency all around the world, i'm sure more people are using binance compared to coinbase and the exchange is developing so fast and they always have something new with the usability of BNB.

bobelr

member

Activity: 285

Merit: 10

Binance all the way. But do you know you can stake your coins on atomic wallet since it supports decentralized staking.

Perfect35

member

Activity: 854

Merit: 10

Although, I have a coinbase account, but i cause Binance more than Coinbase. If the look of things, even if Coinvase is one of the top exchanges and with so much prominence in the crypto space, Binance has more tendency to attract more users, who !right want to stake. As a matter of fact, Binance staking programme is already being talked about and it is more discussed.

Topic: The Staking WAR has begun, who is wining it? - page 3. (Read 1281 times)