Topic: Where do you stake? Exchange or wallet? (Read 680 times)
Don't really trust exchanges to hold my tokens there constantly, prefer other ways, which I can control. THe risks are too high, witnessed some sad cases during my crypto life
Considering the safety of your coins and the simplicity of staking process, do you stake in centralized exchanges or you consider using crypto wallets that supports staking like imtoken, trust and atomic wallet.
Where do you stake?
well if you have your own laptop or desktop it is better to stake on your own walletWhere do you stake?
its not a good idea to leave and trust some new platform
there a possibility that you will lose all your coin instead of earning small amount of stake
I am keeping my assets mostly at Binance, because I trade them everyday, every minute. As a wallet, I am using Atomic Wallet if I want to hold something like BNB or BEP2 tokens. Other than that I prefer using MyEtherWallet to store my ERC-20 tokens. I think they are enough.
Considering the safety of your coins and the simplicity of staking process, do you stake in centralized exchanges or you consider using crypto wallets that supports staking like imtoken, trust and atomic wallet.
Where do you stake?
Where do you stake?
With the rate which exchange are closing and running with people's funds, I think that staking in exchange will be at a very big risk so I personally and will always use wallets
Few exchanges are reliable for staking but i won't be able to sleep comfortable at night no matter how big the exchange is 
i would rather find other coins i can stake in my wallet that i have its private keys with me
i would rather find other coins i can stake in my wallet that i have its private keys with meAgree, it's safer for us as coin owners to staking in the wallet that we have control of the private key. Now some mobile wallets have started staking and I think it's safer to save coins in a mobile wallet because exchangers are more vulnerable to hacking
Considering the safety of your coins and the simplicity of staking process, do you stake in centralized exchanges or you consider using crypto wallets that supports staking like imtoken, trust and atomic wallet.
Where do you stake?
Where do you stake?
If we really want to staking in a centralized exchanger, it's better to choose an exchanger who already has a good reputation. But it will be safer if we choose staking in our own wallet because we are in control of the coins we have
See from the type of coin and security wallet/exchange where the stake.
If the Roinya is higher I prefer to do the stake there, but ensure its security, I will not do the stake on the exchange that does not have a good reputation, although it offers a great advantage. Security that should be prioritizing.
If the Roinya is higher I prefer to do the stake there, but ensure its security, I will not do the stake on the exchange that does not have a good reputation, although it offers a great advantage. Security that should be prioritizing.
Few exchanges are reliable for staking but i won't be able to sleep comfortable at night no matter how big the exchange is i would rather find other coins i can stake in my wallet that i have its private keys with me
i would rather find other coins i can stake in my wallet that i have its private keys with me 
Different opinion about this. But I stake my tokens and coins on premium exchange. It's not that I dot trust them but the convenient is very appealing. It's like you can store tokens and coins of different type in one place. Particularly binance and citex I like these two although citex is a bit new exchange.
To be honest, even considering to store your asset in centralized exchange that you don't have control is a pretty stupid idea much more if you plan to stake in it. Even Binance, one of the leading exchange in the world, could still get hacked so I think I'll stick with my own wallet. The gas isn't that expensive to transfer anyway. Don't want to risk my funds getting stolen.
Binance already hacked one time i don't know exactly how much hacked before. As a biggest exchange they recover users assets by SAFU fund this is really positive and professionalism. But i'm not trust any centralized exchange for staking because i have no control it's a big fact. In that case i'm strongly agree with you.
prefer to stake on my own wallet, whole point of crypto is to cut out the middleman
To be honest, even considering to store your asset in centralized exchange that you don't have control is a pretty stupid idea much more if you plan to stake in it. Even Binance, one of the leading exchange in the world, could still get hacked so I think I'll stick with my own wallet. The gas isn't that expensive to transfer anyway. Don't want to risk my funds getting stolen.
Binance already hacked one time i don't know exactly how much hacked before. As a biggest exchange they recover users assets by SAFU fund this is really positive and professionalism. But i'm not trust any centralized exchange for staking because i have no control it's a big fact. In that case i'm strongly agree with you.
Considering the simplies method and the safety of your asset then you must go on staking on your own wallet rather than staking on any exchange site, but I have some altcoin like xlm, algo & trx that I staking on Binance exchange site that I can get free altcoin every month not too large but this is okay for me.
Wallets and exchanges both are safe for keeping assets as long as the holder is a smart person. First of all, he should choose a renowned, trustworthy exchange or wallet that is supported by million of users. Binance can be trusted blindly as it also takes responsibility of compromise. The user must be careful with his credentials. As it is said that, the weakest link in security is human because he can be fooled. 
To be honest, even considering to store your asset in centralized exchange that you don't have control is a pretty stupid idea much more if you plan to stake in it. Even Binance, one of the leading exchange in the world, could still get hacked so I think I'll stick with my own wallet. The gas isn't that expensive to transfer anyway. Don't want to risk my funds getting stolen.
Binance already hacked one time i don't know exactly how much hacked before. As a biggest exchange they recover users assets by SAFU fund this is really positive and professionalism. But i'm not trust any centralized exchange for staking because i have no control it's a big fact. In that case i'm strongly agree with you.
It is more user friendly to use custody services for staking because you can stake diffrent coins at one place. While when you stake in private wallets there is a risk that you forget about that and you will loose your cryptocurrencies, especially when you holding more low market cap staking coins.
I use wallet hardware to store assets, but also still use exchanges like BINANCE in this case security is still preferred for me so I thought why should I use others who do not have excessive trust
There is no security on the Binance. this exchange has already been hacked. it is not a good idea to store a lot of your money on it. it’s best to hold there only the money which you use for trading 
You have no full access to your fund if you are staking on anywhere else apart from your wallet, its really not a good and reliable way of staking, accounts can get hacked, exchange security can get breached so find yourself POS coins you can stake in your wallet
Its better in the wallet, same points...better to hold your private than losing your funds. Staking in websites is very risky and not recommended. Once the site is offline or unavailable so are your funds, I hope someone is taking note of this.
It depends on your goal. If you are going to stake for long term as a form of passive income then you should store your cryptocurrency or tokens inside a wallet, a secured wallet, so you will have nothing to worry about. On the other hand, it is a good idea to stake your cryptocurrencies inside an exchange if you are just aiming for short term gains.
I use wallet hardware to store assets, but also still use exchanges like BINANCE in this case security is still preferred for me so I thought why should I use others who do not have excessive trust
Considering the safety of your coins and the simplicity of staking process, do you stake in centralized exchanges or you consider using crypto wallets that supports staking like imtoken, trust and atomic wallet.
Where do you stake?
Staking on centralized exchange is not bad but still not 100% safe because anything can happen to the exchange and not all exchange will be able to refund users so its safer to stake coins in your own personal walletWhere do you stake?
Jump to: