POS & Security Risk

[quantuminvesting]

Hey guys, some newbie questions for you! 

Could I get some advise on their favorite coins to stake?  Is it as simple as downloading an offline wallet, and is there any technical skill needed to join a pool?

Also, should I have to be cautious about network security risks, if they are small cap coins/tokens?

Thx!!   

[1715135530]

1715135530

[1715135530]

1715135530

[1715135530]

1715135530

[Imfinnabeon]

That is fair we were all newbies once no big deal there. As per your question it is best you do some research yourself for POS coins as to which ones are good. I try to look for coins with not ridiculous inflation somewhere

between 5-30% would be good. A few coins that I like include deeponion, 1337, blackcoin, but there are many more and you should do your research before investing. Yes it is a simple as downloading the wallet, buying some

coins, then letting those coins mature and stake (maturing is different for every coin but typically ranges from 8hrs-24hr time). Lastly yes if the coin has smaller marketcap it means less money is flowing through it which if it

has less liquidity it can have more risks associated with it. If you invest in Ethereum you can feel pretty safe about it and that nobody will run away with your money but if you invest in something with less than 1 million cap

you should be certain they wont run with it or that your reward outweighs your risk. (of course dont invest more than you can afford to lose too). Hope that helped you out some, I know I could have used this info when beginning!