The Staking WAR has begun, who is wining it?

[Periodik]

Full article: https://www.forrestvisions.com/blog/the-staking-battle-has-begunfind-out-who-will-win-it

The staking war for the most prominent facilitator is underway. Coinbase and Binance are taking blows at each other to become the in house staking platform, who do you think is winning?

Are you currently using a staking platform or facilitating your own?

This is good news. Let them compete with each other. For sure other exchanges will also be offering the same services. This is a healthy competition. I hope the rest of the large exchanges will also follow the examples of Coinbase and Binance. I am planning to join staking but I don't have enough funds to meet the requirement.

[VDraci]

Binance will always be winner here because binance cares more about users and reputation in crypto space, the team always want to be the triumphing crypto exchange, so far they managed to proof their worth, I trust binance more

[bettercrypto]

Kraken adding Dash staking (soon) can be pretty interesting for Dash, specially if Kraken start to promote it as well.

Interesting.  Does that mean they're doing a masternode sharing thing?  Dash isn't proof of stake, so I can only assume that's what they're doing.  I also think that's very cool, as owning your own dash masternode is out of reach for a lot of people including myself.

What I'm not comfortable with is keeping coins on *any* exchange, no matter how trusted.  It might be convenient to stake this way, but it sorta makes my skin crawl a little bit.

You'd rather be staking your coin by yourself at least you know how to make is safer for your investment. Exchanges aren't safe place we've seen it many times that they can be hacked which binance were once hacked.  DASH is masternode but this must be a pool to join masternod, a chance after al for those who can't afford the 10k dash collateral.

These are serious ways for these exchanges to lure more customers in crypto.

True, I wish all exchanges (at least the big ones have insurance incase something bad happened to their system or atleast someone hack in to their exchange, that way, investors would be put at rest to invest in their platform especially that staking is a popular thing here. Though they aren't as safe as taking on your own wallet, staking in exchanges do have its benefits. One of them is lower entry barrier.

Insurance system is applicable only for real and established company already. Even there are bad things happen in an exchange, they will never give any cetiments to their customers.
I am also a fan of POS or proof of staking. Atleast there is transparency between customers and buyers. In addition, you can add up money using staking.

[ttcsalam]

Full article: https://www.forrestvisions.com/blog/the-staking-battle-has-begunfind-out-who-will-win-it

The staking war for the most prominent facilitator is underway. Coinbase and Binance are taking blows at each other to become the in house staking platform, who do you think is winning?

Are you currently using a staking platform or facilitating your own?

I do not know the coin base relationship well. At the moment, Binance seems to benefit more than Coinbase.Binance is a very good platform for me.I can personally talk to myself and I like to use binance.

[btcmurat]

Binance could be the winner here. Because it follows a very good policy. Binance used to keep a close eye on market developments. He immediately reacted to new developments. Now Binance is in control of the market. The IEO system is the most vivid example of this.

[TimtheYoutuber]

Binance could be the winner here. Because it follows a very good policy. Binance used to keep a close eye on market developments. He immediately reacted to new developments. Now Binance is in control of the market. The IEO system is the most vivid example of this.

So do you think Coinbase neglects to create good policies?

[bobelr]

Staking your coins on exchanges could be disastrous and cost you lifetime broke with the prevailing trend of exit scam and hacking. There is a wallet that offers decentralized staking - atomic wallet. You can stake your coins and push for vote for your project right inside the wallet. Its a multi-functional non-custodian wallet.

[TimtheYoutuber]

Staking your coins on exchanges could be disastrous and cost you lifetime broke with the prevailing trend of exit scam and hacking. There is a wallet that offers decentralized staking - atomic wallet. You can stake your coins and push for vote for your project right inside the wallet. Its a multi-functional non-custodian wallet.

Allowing a third party to stake your tokens does certainly hold some security problems.

[bangjoe]

Staking your coins on exchanges could be disastrous and cost you lifetime broke with the prevailing trend of exit scam and hacking. There is a wallet that offers decentralized staking - atomic wallet. You can stake your coins and push for vote for your project right inside the wallet. Its a multi-functional non-custodian wallet.

Allowing a third party to stake your tokens does certainly hold some security problems.

generally not much different from entrusting your balance to be traded on the exchange market, are you very worried about that? Many exchanges do not have a wallet locking system for staking, and each calculation is based on a daily/monthly snapshot, exchanges such as Binance also have a high reputation, we should not have to worry about security even though we must always be vigilant.

[shinratensei_]

My question is which exchange offers good %% returns when staking? This is what investors cares about, since all the exchanges are top exchanges I think security is not something to be too worried about

All of them almost offering the same annual yield but as binance has various POS coins to be offered and so many people are staking their coins on binance and even some whales are also putting a big portion of their money to stake it on binance exchange site. Besides how much annual yield that already offered by exchange site and the liquidity has become the main consideration too as when you are getting your staking reward and when you wanna sell it and you need liquidity to make it happen.

[tabas]

I wont feel sorry for anyone choosing to stake their coins on a centralized exchange and ultimately losing everything.

Crypto is meant to be for us, to be our OWN bank

Yet... We do the EXACT opposite and TRUST other people and companies to hold our money. Now what's the point of crypto in this situation?

1) Stop using centralized exchanges like Binance
2) Start trading and actually using decentralized exchanges like Blocknet. More info here: https://blockdx.com/
3) Start staking your coins on your own, it's really not that hard.

This way, you stay anonymous, and wont need to deal with KYC, be afraid of losing everything, or fear anyone stealing your stack. It's really that simple  

I agree that crypto should be like that but we're starting to embrace the reality that centralized exchanges are way more liquid than other decentralized exchanges. In terms of trust, I think Binance has proven themselves. I'm not defending them as I've said I agree with what you're explaining.
But I think the decision will rely on the investor's discretion.

[TimtheYoutuber]

I wont feel sorry for anyone choosing to stake their coins on a centralized exchange and ultimately losing everything.

Crypto is meant to be for us, to be our OWN bank

Yet... We do the EXACT opposite and TRUST other people and companies to hold our money. Now what's the point of crypto in this situation?

1) Stop using centralized exchanges like Binance
2) Start trading and actually using decentralized exchanges like Blocknet. More info here: https://blockdx.com/
3) Start staking your coins on your own, it's really not that hard.

This way, you stay anonymous, and wont need to deal with KYC, be afraid of losing everything, or fear anyone stealing your stack. It's really that simple  

I agree that crypto should be like that but we're starting to embrace the reality that centralized exchanges are way more liquid than other decentralized exchanges. In terms of trust, I think Binance has proven themselves. I'm not defending them as I've said I agree with what you're explaining.
But I think the decision will rely on the investor's discretion.

Of course, the investors will ultimately decide on what platform will be the most successful, but I do see what you are saying.

Decentralized exchanges are certainly not where they are supposed to be for the normal person. There are certainly positives and negatives to having a centrilized exchange stake your currency.

[Thomas-s]

Staking your coins on exchanges could be disastrous and cost you lifetime broke with the prevailing trend of exit scam and hacking. There is a wallet that offers decentralized staking - atomic wallet. You can stake your coins and push for vote for your project right inside the wallet. Its a multi-functional non-custodian wallet.

Atomic wallet can be hacked just like any other exchange. if we are talking about the safety of our funds, it is better not to participate in the staking of those coins that must be stored on some hot wallet. I personally do not participate in staking at all because they give a very low reward. i think it is better to trade such coins

[bobelr]

Sure you might need to check partnership with atomic wallet as it provides decentralized stakings with huge users of the wallet. atomicwallet.io

[jessyj48]

Tezos is winning, it's bigger, better and well recognized, almost all top exchanges implement tezos staking on their platform, i hope ethereum POS will be this popular then ETH will be free from relying on bitcoin price movement everytime

[TimtheYoutuber]

I'm planning to launch a project in the early or mid of 2021 and now I found this beautiful thread. This thread could be very helpful to me or those who want to create an informative and high-quality announcement thread. Well, great job!

Thanks for the kind words Hopefully, more people will see this and find it helpful.

[r32godzilla]

I see big risk with growing Binance´s power. Binance is going to be the biggest crypto platform for everything connected to crypto. Wallet, exchange, staking, margin trading, lending, ICO investing, token creating. Is that really good? Do you know that we are fighting against authorities and now we support Binance to create a big crypto giant for every crypto needs?

[gensol]

Coinbase is more trusted and used than Binance but Binance has an advantage over Coinbase. Binance has solely been operational in cryptocurrency space, with her users knowledgeable of how staking programs are being done. This is cryptocurrency when ere anything is possible despite the value placed on Coinbase, Binance might yet win the staking game.

[xiboothrezi]

Full article: https://www.forrestvisions.com/blog/the-staking-battle-has-begunfind-out-who-will-win-it

The staking war for the most prominent facilitator is underway. Coinbase and Binance are taking blows at each other to become the in house staking platform, who do you think is winning?

Are you currently using a staking platform or facilitating your own?

Staking is indeed quite popular this year, we must be selective in choosing trusted exchanges, and potential coins for staking, we must really pay attention to the percentage. Of course, as one of the busiest exchanges, Binance provides a good opportunity for this, but it ignores the potential of other trusted global exchanges. Watch this.

If we already have a list and comparison of annual percentages, it will strengthen your analysis and choices. So it is not just chosen. Similarly, in determining coins or tokens to be a stake, don't forget to analyze the comparison, to maximize revenue.

[Bohr256]

I'd never trust a chinese company with my money. Like someone else said, what if their government steps in? Or the US can cut it's head, just like they did with huawei. I sound like im trashing the chinese, but they always ruin everything for everybody.