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Author Topic: AllNodes: Good for staking?  (Read 105 times)
KHamilton (OP)
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January 13, 2022, 04:11:41 PM
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I've opted to stake tokens through my Trezor Wallet and AllNodes came up in my research. What should I know about using this platform? I'm looking to stake DOT, ETH, LUNA, etc. I know there are platforms that pay more, but keeping my coins tied to my hard wallet is preferable due to security.

Also, in LAYMAN's terms, what is the difference between staking on this platform versus running a masternode or full node thru them? I read thru the site but the verbiage was a bit over my head. And there wasn't a ton of info on youtube.
OmegaStarScream
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January 13, 2022, 05:14:04 PM
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In short, there's no reason for you to run a node unless you're planning to run your own service and charge people a fee like what Allnodes, Stakin, or some other staking service providers do.
KHamilton (OP)
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January 13, 2022, 09:37:02 PM
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In short, there's no reason for you to run a node unless you're planning to run your own service and charge people a fee like what Allnodes, Stakin, or some other staking service providers do.

Ok, if I just want to "stake" and not run nodes, is it a decent platform for that?
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January 13, 2022, 10:36:13 PM
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Ok, if I just want to "stake" and not run nodes, is it a decent platform for that?
If you're going to stake.

Better choose the known wallets that are supporting those cryptos you're going to stake. You don't know what's going to happen in the future if you don't hold the keys.

It's better if you have it with you and allows you to stake for that wallet.

KHamilton (OP)
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January 14, 2022, 12:47:14 AM
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Ok, if I just want to "stake" and not run nodes, is it a decent platform for that?
If you're going to stake.

Better choose the known wallets that are supporting those cryptos you're going to stake. You don't know what's going to happen in the future if you don't hold the keys.

It's better if you have it with you and allows you to stake for that wallet.

I'm going to only stake thru hard wallets (except for the CRO I hold)..So I'll be using Trezor and Ledger wallets. Allnodes is a platform you can connect to thru Trezor. To my understanding, this way I will get the best of both worlds..I get to hold my private keys and gain passive income thru staking.

So do you have any knowledge to share about AllNodes??
livingfree
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January 14, 2022, 09:40:50 PM
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Ok, if I just want to "stake" and not run nodes, is it a decent platform for that?
If you're going to stake.

Better choose the known wallets that are supporting those cryptos you're going to stake. You don't know what's going to happen in the future if you don't hold the keys.

It's better if you have it with you and allows you to stake for that wallet.

I'm going to only stake thru hard wallets (except for the CRO I hold)..So I'll be using Trezor and Ledger wallets. Allnodes is a platform you can connect to thru Trezor. To my understanding, this way I will get the best of both worlds..I get to hold my private keys and gain passive income thru staking.

So do you have any knowledge to share about AllNodes??
Okay.

That's much better if it's a platform that allows you to connect your hardware wallet for you to keep on staked.

I'm sorry but I don't have knowledge with it. But if I'm the one to stake, I wouldn't do it with any platform like this, I'll be okay with the actual wallet that does the staking.

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