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Author Topic: Where do you stake? Exchange or wallet?  (Read 673 times)
Kvalentine
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November 30, 2019, 03:14:20 PM
 #61

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?
Staking on centralized exchange is not bad but still not 100% safe because anything can happen to the exchange and not all exchange will be able to refund users so its safer to stake coins in your own personal wallet

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November 30, 2019, 03:59:19 PM
 #62

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?
80% of my stake are held by local exchanger. although some opinions say it's dangerous, but believe me, I've lost a lot of assets in several online wallets. so because of this, I chose to keep the assets that I have at a local exchanger, and have a clear office. but, I'm thinking of storing it on the hardwallet in the future.

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November 30, 2019, 04:04:46 PM
 #63

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 stake my coin on exchange market and not save on wallet, I think there are not possible for staking coin on wallet. You have many exchange market support and available for staking coin like Binance, Upbit, Bittrex and you can stake your coin with Kucoin exchange wallet, look which one coin have stable price and give bigger allocation for staking every month.

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November 30, 2019, 04:10:23 PM
 #64

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?
Staking on centralized exchange is not bad but still not 100% safe because anything can happen to the exchange and not all exchange will be able to refund users so its safer to stake coins in your own personal wallet
This one is possible to happen thats why i prefer to stake it in my personal wallet. You are not so safe In terms of hacking or exit scam that possible to happen in any exchange you want to stake your coins .
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November 30, 2019, 05:21:43 PM
 #65

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?

which one do you like wallet or exchange? i think both unsafe.. but if i have to choose i prefer to local exchange.. because when any problem i can come to the office and fix problem as soon as posibble... save your stake in wallet so high risk, many phising anywhere, can't fixed the problem asap and many other things makes me not choose the wallet

 
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November 30, 2019, 05:28:45 PM
 #66

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?
Does the trust wallet have a staking program? as far as I can see most of the staking programs launched by exchange platform projects such as BCNEX, Beaxy etc.,
there is one application that I know of that is Waves, in that application has a leasing feature, just like the staking program
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November 30, 2019, 06:06:22 PM
 #67

Of course inside our own wallet, many things happened with the exchanges these years and more importantly they are a target of the hacker. The probability for them to screw you is bigger than holding it on your own, I do not have any trust left.
Remember what people said, you do not have the keys that mean you do not own the coins.
Exactly that’s why I encourage people to store their coins in wallets that they have access to their private keys. You only use exchanges to trade cryptocurrencies and not to use it as storage. There are news of people who lost their money in exchanges and they can’t do anything about it which is quiet sad and infuriating. Also, if you want to trade then better pick trusted exchange. If you want to be more secure you can buy a cold wallet.
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November 30, 2019, 06:24:40 PM
 #68

Considering the safety of my money and the simplicity of the betting process, I am involved in quite a few centralized exchanges, I am very confident in cryptocurrencies and exchanges.
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November 30, 2019, 06:29:26 PM
 #69

I am staking some coins in the trusted websites which offer to share with you the staking profits. I know it is not the safest method, but it is also very hard to download and run all these wallets in order to stake some coins and receive a little daily reward.
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November 30, 2019, 06:49:08 PM
 #70

If you are true crypto believer than you should stake only in your wallet from which you have private key. But for many retail investors and also for insitutional investors it is more easy and comfortable to use custody services like Coinbase for staking.  Cool


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November 30, 2019, 08:23:07 PM
 #71

 If for me. I will choose the stake in the exchange because if the price of the coin in stake suddenly drops I will be able to sell it right away, there is no need to send it from a private wallet. But if for security concerns I choose a personal wallet
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November 30, 2019, 09:18:29 PM
 #72

Im not into staking yet but im planning to go all in once real coins like eth will switch to pos algorithm that will secure the network via nodes i think it is very similar to mining but in a less expensive and a more eco friendly way. I will look about where i should store my eth to receive stake rewards once it is launched but definitely i will prefer some safe wallet rather than an exchange.

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November 30, 2019, 10:53:14 PM
 #73

I used to stake using my wallet but it was hard to keep it all up to date when you have more than 2 different altcoins.

There are services that I'm testing like staked.us and mycointainer.com which allow you to stack multiple coins at the same time.
The downside is centralization but the upside is they are updating everything for you.
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November 30, 2019, 11:09:43 PM
 #74

I keep my coins in exchange because I'm trading. Currently there are my coins in Binance and in the local exchange in my country. Until now it was safe. There are even other coins that I keep in other exchanges besides the exchanges I mentioned above. And for some bitcoin stored in my wallet because I will not sell it for a long time. Later I will send it to the trading market if the price is good and rises.

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December 01, 2019, 12:00:44 AM
 #75

I don't see a difference between the two. It's all about your personal preference. But I think it's better to stake in the exchange. But I may be mistaken in this view.
It makes more sense to choose which cryptocurrency gives the most interest on an annual basis, and you can follow the recommendation of your invested cryptocurrency.
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December 01, 2019, 07:27:51 PM
 #76

Most people are using decentralized wallets as I also used trust wallets or core wallets for staking,it's a little hassle but safe way of staking coins, you can also use exchanges but I suggest only the top 10 Exchanges.

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December 01, 2019, 07:44:11 PM
 #77

so far safe with an exchange wallet, I mean for a truly credible exchange. Staking events are also frequently updated along with other promotional programs. so I can do 3 options at once, trading, staking, and investing (IEO, etc.), my funds are not too much, but I can maximize one option at a time with additional profit derived from other options.

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December 01, 2019, 08:29:00 PM
 #78

Although everyone says that nothing should be kept on the exchanges, it is sometimes impossible to do differently, especially if you trade. In this case, you'll to choose choose the most secure platforms. For my part I keep my assets on various wallets (some desktops and a hardware one).

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December 01, 2019, 09:14:45 PM
 #79

Safety factor is the most important thing in protecting all the assets that we have today, to ensure that I don't lose the assets that I have, I prefer to keep them in a trusted exchange because even if there is a hack on the exchange, surely they will return the assets we are lost, as has happened to several large exchanges that have been hacked

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dimox
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December 01, 2019, 09:25:30 PM
 #80

many people save their coin on exchange, main reason is its too simple if you want to do something with your coin. no need to transfer because its already on exchanger. but, it safer if you store on wallet, because it created to save your coin. i store in my waller, but i have in my exchanger, i need to buy or sell, or the other need
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