Where do you stake? Exchange or wallet?

[justdimin]

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 think before binance everything did made sense to keep it on your own wallet and stake, or something like a virtual pc VPS type of deal where you can keep it (with protections and backups of course) but after binance I started to feel like maybe the best way to keep your money could be binance?

I am not really entirely sure and I haven't moved my money there just yet but I feel like binance is such a huge place that they could not only help you get faster payments on your staking (the amounts are same but bigger amount gets paid faster so when all of us combined we get the same money but faster and smaller instead of bigger and longer) but also might start on masternodes as well.

For example, one dash masternode was around 1000 dash if I am not wrong which is not something everyone can do, but if 1000 people get together it becomes much easier.

[key4co.in]

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?

Obviously staking in compatible wallets with good reputation is safer than staking on centralised exchanges comparatively. However, some coins do not have personal wallet support for staking especially  on mobile, and you know most people make use of mobile devices presently, hence people tend to use supported exchanges in this situation.

[kissme09]

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?

Imtoken is the best mobile wallet I've ever used.
never had any trouble in lost money or something like that. so I use it all the way since then.
I don't really trust the exchanges wallet though, just transfer coins when I want to sell only

[Iccang161096]

Where do you stake?

I prefer NRG/Energi with their core wallet. It's looks cool for me
I prefer this because their core wallet is safe I think and minimum for staking just 1 NRG

[10BTCaDay]

I don’t participate in staking at all because the reward is very low. I prefer to trade these coins. before the staking is paid, the price usually falls, because after payments people sell their rewards

[blueteam09]

most of my tokens are now in binance's wallet.
I trust big exchange only. if there's any lost, I would claim and make refund. that's would never happen when using my own wallet.
but remember, big exchage only

[dcomomal]

Both, some exchanges do not support particular tokens, or exchanges are just trustless. The majority of my coins is placed on different wallets, but I am also holding stacking coins on exchanges like Binance or Huobi.

[Zionatin]

Never ever trust exchanges to stake. Firstly you will never know if the taking some off the top since there is compounding interest. Secondly, there is the possibility the exchange will run an exit strategy or something happens and they go offline you lose everything. If you do not have the privatekey with you in your wallet then you do not own the coins. The privatekey is with the exchange and you are at their mercy. 
There only reason people use exchanges is mostly for staking with masternodes since they are very expensive.

Both, some exchanges do not support particular tokens, or exchanges are just trustless. The majority of my coins is placed on different wallets, but I am also holding stacking coins on exchanges like Binance or Huobi.

What are you talking about? It certainly is not trustless.

[Tcode53]

As technology is evolving, exchanges has become one of the easiest and fastest way to stake coin and earn profit. So if you are holding any such POS cryptocurrencies, then I think you should know how to start earning dividends by staking them in the right wallets as another option.

[iv4n]

Both, I have some coins in wallets, official wallets, and I have some tokens from different exchanges, they are sitting there and generating some income over the time. Staking is a good way for generating passive income, its hard to start, to invest in first coins, to set up everything, but after that you do nothing and money is coming.

[bittraffic]

If you are conscious to the tokens security then you wouldn't think of staking your tokens in the exchanges as its just suppose to be where you trade. Some people may really wanna do store the coins on the exchange but these are the type of people who might just dump the coins later on when opportunity is there like if the coin is pumped.

[Pearls Before Swine]

Exchanges are meant for trading only, if you are going to use them for staking then you are in risk of losing funds.

That is true, but man I had better luck staking just a small amount of pivx on kucoin than I did in the pivx staking wallet.  Didn't do it for long, tho because I'm very aware of the risk of keeping crypto on an exchange.  Kucoin is a good exchange, but that doesn't mean I would trust them not to get hacked or to pull some kind of exit scam.  It seems like that has happened to most of the exchanges that have ever existed thus far.  That's sad.

So I would have to vote for keeping your staking coins in a staking wallet and *not* on an exchange, especially if you have a lot of coins or if they're worth a lot of money.  It was okay for me to play around with pivx because it wasn't worth much but if I had even $50 or more I would have kept it in my own wallet.

After losing my coins on Cryptopia, I only used exchange wallet for trading and never for storing

And they were a big exchange and a reputable one at that.  That's my point.  You just can't tell whether the exchange that you're putting your faith in is going to disappear overnight.

[jagaban]

Personally, I am not a fan of staking and this is because of the penchant for projects to be increasingly unstable. CEOs and project team members can have disagreements that will hamper the project and whatever staking plans you have engaged in. It's a risk I am not willing to take personally.

[Goodvalony]

i stake in on exchange and on my wallet. for wallet, i staked waves and LTO while on exchange, i stake XRP, TRON, NEO and ferrum. they might be shit coin i guess but that what i can offer. i love their ROI and it is annually. still looking out for nice staking platform out there if you might share any, i will be delightful.

[nanaimogold]

Majorly depends on how the project is designed but it most cases that I have tried like that of veil privacy coin. Staking is done in the Veil wallet. All you need do is leave the wallet open. Generally, it's relative to platform in most cases besides wallets are safer too

[kaneki007]

I prefer stake in the wallet compared to exchangers because my funds are safer if they are stored on the wall even though exchangers that provide staking offer a big bonus but i don't want to keep the crypto assets too long there

[samcrypto]

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?

Some wallets allow you to stake but mostly if the wallet is just for storing purposes then its not possible for that to happen. I don’t stake always because of the value is too low and it might put my coin on risk, centralized exchange is safe to stake especially if its a good one. You have to choose the best for staking and make sure that its worth the risk.

[SabrinaBianka]

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?

Me, I will think twice before to stake and I will choose the best and the most trusted exchange like Binance, And I don't know yet what wallet can start an staking. We can use google to search if what is the safest exchange. Beware to all scam exchange like IDAX. Simple technique and clean modus of exit scam exchange. take care of your funds people.

[smyslov]

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?

Of course people here have already read the news about the two exchanges that were hacked recently, IDAX and Upbit, now with the recent hacking, will you still consider storing your coins to exchanges, people never learn that exchange wallet are only for trading, if you are holding for long term get a cold wallet or a ledger, or keep your private key the safest place you've had.

[cepot9]

It depends on the coins that my stake is listed on whether or not the exchange is good because an exchange that I don't like will not do it there. The imToken wallet only supports stake for tokens so I don't use it because I only stake on coins. So I prefer to stake in exchange