Coinbase Staking.

[ashmodeus]

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

[adroitful_one]

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

I'm not that familiar with Tezos. However, if you have a service that users can deposit coins that are able to be staked and you don't give those profits to your users, it's just not right in my opinion. Someone is making a profit from all of those millions of dollars in coins being held there. Give it to the people that own the coins and just take a small percentage. Seems like the fair way to do it to me.

[EastSound]

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

they would be taking a cut from the staking and if people pool the funds in a 1 entity this makes the exchange be in control of the system. Also this would be a risk if the exchange gets hacked and they would be have a problem in liquidity, people should not trust their money into exchanges.

[CjMapope]

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

This will be a hot topic for a while around here it seems hehe i wish Coinbase had an offficial thread here people could discuss things on
I tried that staking but idk, when i click thru the screens nothing happens : / people said its for US right now only tho maybe so thats probably why
Here's to hoping this is only the first of many staking coins for them to offer! 

[Pearls Before Swine]

they would be taking a cut from the staking and if people pool the funds in a 1 entity this makes the exchange be in control of the system. Also this would be a risk if the exchange gets hacked and they would be have a problem in liquidity, people should not trust their money into exchanges.

And for both of those reasons you would be better off staking your own coins.  I'm assuming tezos isn't more difficult to stake than any other pos coin, so I'm really not sure why anyone would take this kind of risk *and* profit reduction just to have an exchange be custodian for your coins. 

Coinbase is regulated by the U.S. gov't, so I don't think the risk of losing money because of a hack is quite as bad as if some unregulated exchange did, but I still don't see why someone would choose to go this route.

[Pelunize12]

i am personally not interested with staking bcz of these following reason:

1 low profitability, most of staking services just gives <10% annually, which is low in term of high volatile asset

2 high risk low return, with that reward annualy and big volatility, i think it isnt good at all. such as high risk and low return

[ashmodeus]

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

I'm not that familiar with Tezos. However, if you have a service that users can deposit coins that are able to be staked and you don't give those profits to your users, it's just not right in my opinion. Someone is making a profit from all of those millions of dollars in coins being held there. Give it to the people that own the coins and just take a small percentage. Seems like the fair way to do it to me.

well i also asking that , too many coins have high reputation than Tezos , but why they picked tezos ?
did that project came from US ?

This will be a hot topic for a while around here it seems hehe i wish Coinbase had an offficial thread here people could discuss things on
I tried that staking but idk, when i click thru the screens nothing happens : / people said its for US right now only tho maybe so thats probably why
Here's to hoping this is only the first of many staking coins for them to offer! 

yes , that right .
" Coinbase said U.S. customers (barring residents of Hawaii and New York) can now stake the smart-contract platform’s crypto with an estimated 5 percent annual return"
and i just quite surpised , the price going crazy right now.

[o48o]

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

Custodial staking should be a default in all exchanges with any coin that is stackable. I am pretty sure that those services that don't offer this service keep the rewards themselves because why not. Just like the forks etc that they are not giving out, they can easily dump them on the market for extra cash.

[Reatim]

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

though i am not familiar with the Tezor but still this is one good move from Coinbase though there was an issue from them that using our details or giving it to 3rd party and very alarming yet staking from holding is good.

but we must be aware that holding our coins in exchangers wer not good because as we all knew that they are the target of hackers so in any chance we can be a victim ,as also there are case when the exchange itself being question of 'Hack Me' strategy that they are the one who is responsible for the hacking of their own exchange.

[TimtheYoutuber]

Really good for users who can't do it on their own. Kinda stinks that you can't do it in NY. Damn Regulation!

[Adriano2010]

I didn't now that coinbase offer staking rewards. For which coin you tried OP and what are the steps to try staking on coinbase? I suppose for bitcoin is not possible to get some rewards for simply holding it on coinbase

[boltz]

For those who cannot run a wallet on their own computer, coinbase offers this option for them and its really viable. For now they have few coins that have this support but in time they will add a lot of new coins and maybe even masternode support.

Personally as long as I can run the wallets myself I won't use such a feature as I don't control the coins especially when for stake you need a good decent amount of coin in order to get decent rewards. Even binance has this offer as far as I know so you have option of where to choose.

[tonyja2017]

well, i guess private staking is a trend for now.
recently we hear binance create many many staking for coins wich they choose.
and now , Coinbase is for the first time allowing general users to earn rewards by simply holding cryptocurrency.
started with Tezos and did not rule out adding other coins.
in terms of ecosystems of course that's a very good thing for the coin.
well , any thought ?

It is certainly very good because staking brings a lot bigger profits than banks now. And for potential alts, everyone wants to hold it and that's why tezos and coinbase are the perfect combination.
Hopefully in the future, Coinbase and Binance will continue to offer staking solutions for large alts and that will help the market grow in demand.

[adroitful_one]

i am personally not interested with staking bcz of these following reason:

1 low profitability, most of staking services just gives <10% annually, which is low in term of high volatile asset

2 high risk low return, with that reward annualy and big volatility, i think it isnt good at all. such as high risk and low return

That less than 10% you speak of is still way better than keeping your money in any bank right now. I don't see the huge risk from Coinbase that you speak of either. Personally, I think it's a good thing this is happening. If a coin allows staking and you're holding it, then I think that every site that holds the coins should allow you to earn your stake rewards. It's fine if they take a small fee for hosting it, but there's no reason they should be taking all of the profits from their users holdings on their site.

[cribusen]

It is a great alternative, to hold coins on exchanges and earn profit by doing nothing. It is obviously a good option for those that have 100k+ in crypto, but it is not worth it for regular users that are holding something like 300 bucks worth of tokens.

[milewilda]

It is a great alternative, to hold coins on exchanges and earn profit by doing nothing. It is obviously a good option for those that have 100k+ in crypto, but it is not worth it for regular users that are holding something like 300 bucks worth of tokens.

Main thing!

Staking profits would only be felt if you do purchase or hold up tons of those coins being offered or else it isnt really worthy nor make you
interest onto this staking field. Coinbase is just simply joining or integrating up things which had already been done in the past even upto now
but majority knows on how this one wont really be that worthy in long term aspect yet knowing that Coinbase is a heavily centralized one so
be careful on putting huge pile of coins.

[ashmodeus]

I didn't now that coinbase offer staking rewards. For which coin you tried OP and what are the steps to try staking on coinbase? I suppose for bitcoin is not possible to get some rewards for simply holding it on coinbase

its quite simple , just put your Tezos on your coinbase account, but well just for US Costumer for now.
---

besides it, as far i see, tezos staking its a trend on nowdays, recently i saw tezos staking is avaliable on trust wallet Mobile wallet.

It is a great alternative, to hold coins on exchanges and earn profit by doing nothing. It is obviously a good option for those that have 100k+ in crypto, but it is not worth it for regular users that are holding something like 300 bucks worth of tokens.

Main thing!

Staking profits would only be felt if you do purchase or hold up tons of those coins being offered or else it isnt really worthy nor make you
interest onto this staking field. Coinbase is just simply joining or integrating up things which had already been done in the past even upto now
but majority knows on how this one wont really be that worthy in long term aspect yet knowing that Coinbase is a heavily centralized one so
be careful on putting huge pile of coins.

the good point of it, coinbase knew Tezos is worth for Long term hodl.
although , maybe price is fluctuactive so badly.

[bustedsynx]

Coin staking or rather staking proof of stake coins should have been allowed years ago in the exchanges. I suspected that these exchanges holding "our" PoS coins are actually staking the coins themselves because it is easy to implement since it is their wallets after all.

[ecnalubma]

Its another marketing strategy for exchanges to make millions yet interesting but don’t get too excited about those offers, remember “not your keys, not your coin”. It will be risky too if you put your investments in exchanges for long period of time since most staking duration require months or years.

[Pelunize12]

i am personally not interested with staking bcz of these following reason:

1 low profitability, most of staking services just gives <10% annually, which is low in term of high volatile asset

2 high risk low return, with that reward annualy and big volatility, i think it isnt good at all. such as high risk and low return

That less than 10% you speak of is still way better than keeping your money in any bank right now. I don't see the huge risk from Coinbase that you speak of either.

yes we cant get 10% interest from any bank, but we still can get from bond, state debt, etc. which gives lower risk than staking.

Personally, I think it's a good thing this is happening. If a coin allows staking and you're holding it, then I think that every site that holds the coins should allow you to earn your stake rewards. It's fine if they take a small fee for hosting it, but there's no reason they should be taking all of the profits from their users holdings on their site.

the problem isnt that exchange doesnt pay stake reward. but its price volality
you get stake reward but the price is down so hard, it would mean nothing. you just lose your money