The Staking WAR has begun, who is wining it? - page 4.

TimtheYoutuber

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Quote from: Ridwan Fauzi on December 22, 2019, 06:58:37 AM

Seems like staking on an exchange is promising then we choose a masternode/staking coin in our device as long as we choose a reputable exchange. Honestly, I haven't tried these thing (staking in an exchange/masternode) because I'm still learning these ways. Yeah, I have to learn first before I do something especially related to money, it is very sensitive. If I choose an exchange I'll have a more time to do everything because I must not turn on my computer 24 hours non stop.

Theses are certainly some of the most compelling advantages to using a third party, however there are some negatives of course.

I believe NY is restricted for all of the exchanges, but maybe one day I will be able to try out staking on a exchange.

Ridwan Fauzi

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Seems like staking on an exchange is promising then we choose a masternode/staking coin in our device as long as we choose a reputable exchange. Honestly, I haven't tried these thing (staking in an exchange/masternode) because I'm still learning these ways. Yeah, I have to learn first before I do something especially related to money, it is very sensitive. If I choose an exchange I'll have a more time to do everything because I must not turn on my computer 24 hours non stop.

ethereumhunter

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I don't know who will be the winner since both coinbase and binance is a big exchange. But for me, it is better to stake the coin by ourselves and not using the exchange to staking the coin because, in that article, I read that the possibility to get hacked by someone if they have good skills to penetrate the website. The other reason is we cannot control the coin in our hand, and there are not many coins that we can stake with them. I only think about the security that the exchanges can give to their members.

btcdie

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Between Binance and Coinbase both of these exchanges are very popular, and currently both are competing in building strategies to attract investors who are currently staking coins, a hot topic that many people talk about. but for some connoisseurs of coin staking this is a serious thing, because it takes time / there is a certain period, there is no point if you have a lot of coins but in the future are worthless, so be wise. it may tend to be a safety factor and a more primary exchange responsibility for attracting coin staking connoisseurs, and the second is profit generated.

mrdeposit

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

Quote from: starblocks on December 21, 2019, 12:37:52 AM

Coinbase and Binance are both offering staking and more exchanges are beginning to offer these types of services, but no matter which one you go with make sure they have custody and insurance for their asset holdings to ensure your funds are safe whilst they are maintaining them for you

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.

Aabcde

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I think both coinbase and binance are the winners. Because in my opinion, it is the exchange that does not keep up with the times that loses. Because they do not want to see the needs of customers which staking is the best choice for now.
In my understanding, a question like this that sometimes lead to opinions that lead to one's attitude to choose which is the winner and which is the loser. Though this is only a matter of necessity and comfort, not who is the winner or loser.

jossiel

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Quote from: starblocks on December 21, 2019, 12:37:52 AM

Coinbase and Binance are both offering staking and more exchanges are beginning to offer these types of services, but no matter which one you go with make sure they have custody and insurance for their asset holdings to ensure your funds are safe whilst they are maintaining them for you

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.

judaspriest

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C O M B O

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?

2020 it looks like the POS algorithm will be increasingly used by the crypto currency project, and reportedly also ETH 2.0 will use POS, I was wondering whether ETH will have a staking program?

Thomas-s

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Now the fight around staking is just beginning, so I think that not only these two large exchanges will fight for leadership. the exchange that will offer more interesting conditions for users will win. maybe Kucoin will also take a leading place among exchanges that offer staking services

Mike Mayor

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I have staked coins for years using the extra pc that I have. I always prefer the smaller coins with a smaller market cap since it is easier to gain a large portion of the total distributed coins. Now I will be competing with huge pools from exchanges. I will still rather stake myself and buy as many coins as I need to properly stake alone. I don't believe in not keeping control of my own coins by keeping it in an exchange. This is also why I prefer lesser-known staking coins since they most likely will not be listed on a big exchange and you won't have massive pools to compete against.

totoy4741

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They can offer good services for the projects that want to be staking in any of those exchange platforms. There are certain things or feature binance has an advantage over coinbase, Popularity(big community), cheaper withdrawal fee to name a few. Nether the less both can give you what you want from exchanges.

the rise

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As a connoisseur of staking programs, I am more comfortable with exchanges that offer more variations of POS coins, and of course because of zero fees. Binance and even Kucoin look attractive because they offer what I want. Many worry about insecure assets if they join the staking program, so what's the difference with traded assets? assets can be moved at any time without being locked unilaterally by the exchange.

shodik007

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my choice is binance, it will be a source where all the needs of cryptocurrency lovers can be found there (all in one platform), I'm sure binance will always add features from several platforms and new features of the future of crypto to run on its platform. trying to be the platform of all platforms and to be number one in this space, I can say that is the vision and mission of binance

naikturun

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exchanges with large volumes and good reputations such as banking might easily attract people's attention, but don't underestimate other exchanges such as kucoin, upbit, huobi, they also provide various staking rewards.
for now I haven't used staking.

shaheer001

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Staking is a hot topic now, and everyone wants to hold the staking. Binance coin is more popular and has worth than Coinbase as the Binance users are more knowledge about crypto dealing, trading, and staking.

starblocks

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Coinbase and Binance are both offering staking and more exchanges are beginning to offer these types of services, but no matter which one you go with make sure they have custody and insurance for their asset holdings to ensure your funds are safe whilst they are maintaining them for you

Pamadar

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Quote from: Eugenar on December 20, 2019, 09:46:55 PM

Quote from: Saisher on December 20, 2019, 08:30:35 PM

It's still on the holders' decision if they want to stake their coins to these two exchanges, but in my case, I am not comfortable storing my coins to any exchange, even if they insured or guaranty your coin, you cannot tell, it's always been not your key, not your coins attitude for me, but many will find this interesting because of the profit.

In the first place there is a reason why there are many people staking their coin in those exchanges, it is somehow trusted, but the idea that it is not your coins if you don't have the private key is still a thing to consider. But if you really trust coinbase and binance which for me is really the best exchanges, then why not to try staking your coins in there. You can expect a better ROI with that, but I will definitely takes time for that to happen. Allot of patience and market research is needed so you can ensure your profits.

Those people who are working with staking their coins inside this two big and well known exchange already understand the risk. But like what you have said if you indeed trust the service that both exchange offers and the securities that they are providing you will also do the same with staking to earn from your assets. Passive way to earned from crypto market if you fully know what you are doing inside.

Eugenar

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Quote from: Saisher on December 20, 2019, 08:30:35 PM

It's still on the holders' decision if they want to stake their coins to these two exchanges, but in my case, I am not comfortable storing my coins to any exchange, even if they insured or guaranty your coin, you cannot tell, it's always been not your key, not your coins attitude for me, but many will find this interesting because of the profit.

In the first place there is a reason why there are many people staking their coin in those exchanges, it is somehow trusted, but the idea that it is not your coins if you don't have the private key is still a thing to consider. But if you really trust coinbase and binance which for me is really the best exchanges, then why not to try staking your coins in there. You can expect a better ROI with that, but I will definitely takes time for that to happen. Allot of patience and market research is needed so you can ensure your profits.

TastyChillySauce00

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Quote from: Katashi on December 20, 2019, 01:22:28 PM

Not so sure who if Coinbase has more users than Binance but even if they have, I think Binance will still win in terms of staking platform since the majority of their users is knowledgable in cryptocurrency and for sure they have an idea how staking works compare to the users of Coinbase.

I must admit that coinbase really successful when it comes to advertising and it seems their target audiences are those people who want to try crypto. Meanwhile, Binance's users consist of somehow experienced users in term of crypto whether it's trading or staking though. I agree with you that binance users have more potential for staking their assets in the exchange. But, if coinbase could successfully elaborate staking to their users, the potential they may get out of it couldn't be underestimated.

minairia3

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Also Binance Global has not so strict. Compared to CoinBase. I know CoinBase is a big group of company but Binance a top notch exchange which improving features are can be a good contender with it. I am staking KAVA and ONE right now, not bad profit.

I really a fan of Binance since then, Im wondering maybe other exchange are now also launching staking I see this new exchange CITEX has staking and also pow tokens staking dont understand how its possible but they can earn from holdinh also too.

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