The Staking WAR has begun, who is wining it? - page 5.

pakhitheboss

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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?

What makes Binance staking better than Coinbase is zero fee to withdraw from your staking wallet. If I am not wrong Coinbase only support Teams, where in Binance has more than 10 POS based tokens. You can read this article for more information regarding Binance staking rewards - https://cointikka.com/earn-cryptocurrency-with-binance/

I do not support keeping your tokens on any of the above exchanges where you do not have your Private key. It is better to use a wallet like Atomic wallet for desktop for staking.

Saisher

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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.

tsaroz

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Binance has advantages and larger profit in staking user coins. There can be concern on using binance for staking considering how huge it has became in terms of holding coins and is already in the place to manipulate total crypto market according to their will. Coinbase is also not far behind. So, for small investors, choose the one that gives you most percentange. On most case it would be binance and Coinbase for some. Have an ID on both.

Flux0z

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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

akirasendo17

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staking wars is not good for my point of view the inces who are winning are the developers and the creator of the coins why, staking makes the coin price go down, specially this time , because of what happen last 2017 where coins are at all time high when suddenly staking is the game mostly but since then the price dip because of unknown issues , and also selling of the holders to make profit, and people with coinsbare lock on staking

shinratensei_

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I will actually choose binance as the difference between the annual yield percentage that already served by the exchange site. coinbase is offering 5% as the annual yield for tezos and that's 1% - 2% less than what already served by kraken or even binance. People will actually choose binance caused by 1% - 2% annual yield gap is a lot and that's enough money when they are staking a lot of tokens.
I think this matters a lot to attract users and stakers.

I personally will never try to stake my coin to the exchange site when it has possibility to be hacked anytime.

jossiel

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

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

Not yet.

I think it's not important who's winning. The most important matter is that many are looking into staking as an opportunity and these legitimate exchanges are offering it to those who are interested.

It's just begun so why look for the winner?

tenakha

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

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?

I do not think there is anything to lose. No need for competitions, both of them have enough customers. Both, even those who stake will win/earn.

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

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

Honestly I have not tried, and do not think I will. Firstly, it is not the right strategy for me to deposit funds with the condition of not touching the exchange for 1 year. Also, a lot of things can change in this one year, and I am very unlikely to get a return on the investment.

bigcash2011

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I do not think there is any serious staking war as of yet, for real staking war we need atleast any one of the top 5 coin to offer staking which only eth has announced that too after the upgrades and change of algorithm, so untill eth switches to pos there will not going to be much need for a staking platform because eth is the real thing and the biggest altcoin.

qwizzie

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Quote from: bigcash2011 on December 20, 2019, 04:40:49 PM

I do not think there is any serious staking war as of yet, for real staking war we need atleast any one of the top 5 coin to offer staking which only eth has announced that too after the upgrades and change of algorithm, so untill eth switches to pos there will not going to be much need for a staking platform because eth is the real thing and the biggest altcoin.

I think OP is referring to which exchange is winning this staking war, not which cryptocurrency.
So far we have Coinbase, Binance and Kraken participating in this little staking 'war'.
And all three exchanges currently support Tezos, with at least Kraken showing its intention to expand staking to other cryptocurrencies as well (ATOM and Dash).

I keep having this feeling (at least with Kraken) that the staking has more to do with attracting more users, while at the same time trying to improve the liquidity of certain tokens
on its own exchange.

qwizzie

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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.

I don't think this is related to Dash discussions about Masternode sharing or Dash discussions on providing some form of staking through protocol, or even as a way for Kraken to
get a few masternodes for themself (in theory they could, but it seems a bit unpractical to me), i rather see this as a way for exchanges to attract more customers and also get more liquidity of certain tokens
and a convenient way for Dash to grow their store of value. It seems to evolve around storing certain cryptocurrencies (Tezos, Cosmos and Dash so far) on some sort of separate internal Kraken staking
wallet (spot wallet ?), which then adds staking rewards to it.

I do agree with you with not feeling comfortable keeping funds on any exchange, or on any centralized entity. But getting staking rewards twice a week on some smaller Dash amounts
(for example on masternode rewards that are sent to that exchange anyways for payout in Euro's) does sound tempting, although i'm not sure what the staking percentage for Dash will be.

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

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.

Not 10k --> 1k

bittraffic

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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.

Pearls Before Swine

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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.

betty11

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Should Coinbase introduce stalking, I think they may give Binace a big run for their money. Coinbase is very much trusted and looking at the geographical location of their office. They don't get to HYPE any coin and they are doing just fine. I currently and majorly trade on Binance.

Nadziratel

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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?

There are too many options available for staking. But how much is it possible to earn income from staking? Are the crypto value of staking reduced only in market conditions? Or high emissions?

imutlinda

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I actually believe that both exchanges have a good position in terms of volume and trust, but in the business world there will always be a market war and of course they want to be the best. but for me it's not so important because both exchanges are really helping the growth of crypto for now

target

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They are still going to get some customers who will stake but only from the users who does just invests few and join the pool. I will probably try adding more TRX in my binance account, never hurt to invest few and join without having to stake it myself. This is going to be a disaster when exchange gets hacked so might as put something you can forget if it can't be recovered.

CjMapope

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

Full article: www.forrestvisions.com/blog/the-staking-battle-has-begunfind-how-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 an interesting topic, on one hand you have Coinbase, a Western, North American "digital bank"
but on the other hand you have "we chinese, we dont care" Binance, they both have their uses, but me personally?
id rather use neither, but id prob choose Coinbase to stake if i HAD too, as i just dont know what will happen if the Chinese Gov one day says "no using our crypto services for non chinese"
i fear binance could stop serving the west almost overnight if that happens : /

qwizzie

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You can add Kraken to that list : https://www.kraken.com/en-us/features/staking-coins

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

#Darren

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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.

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