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41  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Staking Coins a Good Idea? on: October 03, 2021, 05:02:49 AM
I prefer staking stable coins through popular exchanges like binance for example, this erase zero risks due to volatility unlike other coins and tokens, I heard that staking coins through DeFI platforms is better because they can immediately withdraw their staked coins and sell, if this is true then it's better
One thing you should be aware of when staking on centralized services, they could flip and take away your funds easily under the excuse of being hacked or etc although it isn't likely gonna happen with binance but who knows about people's minds. It would be wise if you don't pour your investment funds all-out in a decentralized service in order to take some profit.

Good advice. My preference will always be with decentralised staking services. DeFi is full of many reliable staking platforms, for a wide variety of crypto assets. As with anything, people should always be cautious and engage in due diligence before staking.
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