Where do you stake? Exchange or wallet?

[d3nz]

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.

[drlukacs]

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.
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.

[Lantind]

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.

[JC btc]

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.
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.

[biddicoin]

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.

you do wrong comparison, the comparison must be staking in exchange AND staking in wallet. NOT staking in exchange AND trading.
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

[Aying]

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.

[livingfree]

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.

[crazy-pilot]

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.

[imstillthebest]

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 .

[robelneo]

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?

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.

[zhekinsp]

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.

[pandanaran]

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.

[Landak]

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.

[mrdeposit]

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.

[oktana]

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.

[enhu]

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.

An offer that big would look like its going to end like a scam. This project if I remember did n IEO on gate exchange, it quickly gain after it but slowly dumped as well. Maybe because of this 50% growth too.

Staking ETH later might just be a good idea too unless there will be a pool like this one that might cause the dump. Better avoid staking on exchange and the tokens that allow exchange staking.

[ololajulo]

For longterm storage of token I prefer a wallet that I have access to its private keys. Anything can happen in a year for an exchange especially in this era where exchange COO can just run away with its staff, so what happens to my coin. Exchange and coin project team can have misunderstanding and delist such project, exchange is not a reliable position for any coin for longterm staking. Top exchanges are more reliable but 3-6 month is the best I can go on them

[SaidNurs]

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?

If asked to choose I prefer to exchange, because if I feel the wallet more vulnerable to irresponsible principals.

[LuckyBtc]

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?

None of those. I prefer staking using official wallet or mostly delegate my coins and claim reward/interest. It's better to stake on your own than rely on third party service or wallet.

[satgoldan]

It seems to me that you should not trust the wallet that stores your keys, it’s not known where, because they may fall into the hands of just as unknown and your funds will go in an unknown direction, because there have already been so many different situations where people have stolen funds from the wallet and there were not return, I think it's better to resort to hardware wallets. I use ledger and there is no limit to my joy, as this is the best you could think of for a cryptocurrency.