I am not too worried about the staking coins method on popular exchanges, I can quickly sell at the best price at that time if it has passed the monthly unlock period.
For some other PoS coins, they have an unobtrusive exchange and reputation, but still profitable, this is where personal wallets are needed to prevent the worst possible, just a little complicated in synchronizing data and transaction models.
Topic: Where do you stake? Exchange or wallet? - page 5. (Read 680 times)
Stay away from exchanges. Wallets will be your best choice to keep your money safer in every respect.
Now I only participate in staking on the gate Io exchange. sometimes there appear very promising coins for staking. It happens that there is ethereum staking at 10 percent per month. and now I participate in the staking of SERO COIN and will receive 50 percent of the frozen coins for 90 days
WOW. Is not 50% too much for 90 days? While others are 7-10% per year, this is suspicious. I have done some research about Sero, but I have not seen any major problems with complaints apart from bounty hunters. Volume is also around 6 million bucks, but I still recommend you to be careful. 
too risky if staking coins in an exchange wallet.
it is better to store coins in your own wallet that you can store your private key, many variants of options for the wallet you want to use, depending on the type and needs. atomic wallet is also good, can store private keys.
it is better to store coins in your own wallet that you can store your private key, many variants of options for the wallet you want to use, depending on the type and needs. atomic wallet is also good, can store private keys.
All wallets are of course vulnerable to being hacked but all security is returned to the wallet owner if we can store the security key properly from any wallet it will be safe to use, and at this time I am still using a wallet from ethereum to store erc20 token assets but for other assets like xlm and tokens other than erc then I prefer to use a wallet of each coin for storage.
For staking coins it would take the risk of having a very large one I would rather not use that option.
For staking coins it would take the risk of having a very large one I would rather not use that option.
Anywhere you have the private keys of your wallet will be a safe place to store your coins, but most of the centralized exchange offers bonus when you stake a coin which means you are not in control of your funds you just trust the exchange reputation which may goes wrong any time.Exchange hacks over years are the proof why staking in an exchange is riskier.
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?
After losing my coins on Cryptopia, I only used exchange wallet for trading and never for storing, I am very careful in securing my private key and I don't want to rely upon to exchange when securing my coins, we have seen how they are targetted by hackers, if your wallet is not exposed you are not likely to be targetted, hackers are now very good, they will benefit more if they target exchange than wallets.
I use a wallet to store my coins, and an exchange to trade my coins. Isn't that the only right way? Using the exchange to store coins is too dangerous.
the op's ask for staking a coin and not just simply storing a coin . still you still have a plus point here because that is also what i think about . i think staking on a wallet or simply storing a coin on a wallet is more safer than putting it on any exchange because an exchange can collapse or hacked but wallets ? you have a full control on your wallet as long as it gives you your private key's . the only difference would be the rate's . i think exchange has a gooder rate's compare to a wallet staking .
I use a wallet to store my coins, and an exchange to trade my coins. Isn't that the only right way? Using the exchange to store coins is too dangerous.
I haven't staked yet and I'm waiting for Eth's 2.0 staking which will be my best staked coins so far. And if that happens, of course as part of requirement I'll choose the eligible wallet that will be required by the devs.
Staking now made easier by the exchanges but I'll be careful with them.
Staking now made easier by the exchanges but I'll be careful with them.
I am not a fan of putting a huge funds in exchanges because some exchanges there are still passing hackers. so it give me a hard time to think that exchanges is still not the safest thing to hold our funds. as of now my wallet are not failing me to place my asset there. hoping that they improve more their securities to feel safe all users to their funds.
Where do you stake?
I prefer staking BNB on binance, which means staking at exchange is my option.Exchanges are meant for trading only, if you are going to use them for staking then you are in risk of losing funds.
You’re wrong at this point, there’s a lot of exhange that give you bonuses or rewards for staking specific coins at their platform. And if staking at exchanges means a risk of losing funds, then there’s also risk for trading there. Risk can be found if there’s a risky situation made by the exchange. Ex : Th exchange has bad issues regarding trust. There’s few of them, but issue stays issue. But regarding funds, issue needs to be taken seriously.of course staking in wallet is safer than staking in exchange. many exchanges already being scam and stole investor money. the last incident was IDAX and upbit
Centralized exchange is very risky to safe our money, they can be scam anytime
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?
I usually staking at exchange Binance because of its high profit. Although staking on an exchange would be a real risk, I think the Binance exchange will not be so bad as IDAX. Although it is the same country, I think Binance can still live because they have too large network and give China a higher GDP index every year.Where do you stake?
Given all these factors, I think staking is still quite safe for large exchanges. Besides, the benefits are quite obvious when you will get interest rates higher than the bank to 6% a year.
It is fine to stake with Binance as I know that they are more safe than other exchange and if someone hacked their exchange there is nothing to worry about because I know that they have insurance and can still pay the fund that I lost, as they are after their reputation too and not only blaming users that they shouldn't hold their assets on exchange which for me is not good.
If I personally risk it more in the form of a wallet than an exchange, because I am more confident in the security of the wallet than there is security on the exchange, although I also have risked it into the exchange, but that is only a little and not in the long run.
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?
I usually staking at exchange Binance because of its high profit. Although staking on an exchange would be a real risk, I think the Binance exchange will not be so bad as IDAX. Although it is the same country, I think Binance can still live because they have too large network and give China a higher GDP index every year.Where do you stake?
Given all these factors, I think staking is still quite safe for large exchanges. Besides, the benefits are quite obvious when you will get interest rates higher than the bank to 6% a year.
I preferred using a wallet on my computer and i feel much safer and stsking is much in realtime i think which gives me more shares than staking on exchange and i cam encrypt my wallet and only do staking which is very secured cannot be hacked easily.
But the only problem using a wallet on pc is the confirmation when making a transaction and needs to fully synchronize on the server for app to go online.
But the only problem using a wallet on pc is the confirmation when making a transaction and needs to fully synchronize on the server for app to go online.
I put my Bitcoin in coinbase, the ERC 20 tokens I put in my IMTOKEN wallet application. Where my money depends on my investment strategy of long-term investment assets I will put them in the wallet I mentioned above. Short-term investments in just a few weeks or months I will put them on a wallet because maybe someone will pump up the price and I can sell them on time. Withdrawals and deposits will not be quick in the execution of the sell order.
Where do you stake?
I prefer staking BNB on binance, which means staking at exchange is my option.
Exchanges are meant for trading only, if you are going to use them for staking then you are in risk of losing funds.
You’re wrong at this point, there’s a lot of exhange that give you bonuses or rewards for staking specific coins at their platform. And if staking at exchanges means a risk of losing funds, then there’s also risk for trading there. Risk can be found if there’s a risky situation made by the exchange. Ex : Th exchange has bad issues regarding trust. There’s few of them, but issue stays issue. But regarding funds, issue needs to be taken seriously.I do that too for the only NEO token since binance is also distributing GAS. Though its not recommended to store on exchanges, its just that I wanna get it ready for disposal. Back when the price was $13 I bought some of it on June, it dropped but I kept it since I know I'd be receiving GAS. The beauty of haivng it there is that I can trade these NEO when it spike and buy back. I'd still just store NEO there but probably with ETH I'm going to stake using my wallet.
Users that stake their coins put them into a wallet that is connected to the blockchain. By staking your cryptocurrencies you help to secure the blockchain and keep it going. We should stake in wallet because it can help the project.
Exchanges are meant for trading only, if you are going to use them for staking then you are in risk of losing funds.
You’re wrong at this point, there’s a lot of exhange that give you bonuses or rewards for staking specific coins at their platform. And if staking at exchanges means a risk of losing funds, then there’s also risk for trading there. Risk can be found if there’s a risky situation made by the exchange. Ex : Th exchange has bad issues regarding trust. There’s few of them, but issue stays issue. But regarding funds, issue needs to be taken seriously.right, exchange can be shuted down any time. it's much safer to hold funds on some cold wallets
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?
I don't consider staking in centralized exchange for the safetiness of my coins. For storing my coins, I prefer to use hardware wallet; nothing else. In terms of using centralized exchanges, I tend to use it for the purpose of trading in which I'm always watching because it's more vulnerable from being stolen. Where do you stake?
Jump to: