Post
Topic
Board Announcements (Altcoins)
Re: [ANN]**[VULTR] High POS 500% - With low initial supply
by
EvRo74
on 27/10/2017, 02:02:18 UTC
Guys, where is better staking, desctop wallet or CM?

In your personal wallet you will get less, but your coins remain with you. In the CM you will get a big stake, but you have to entrust your coins to other people's hands. Tongue

CoinsMarkets is trusted by many traders and till now I've read no negative comments about them. So its quite safe in their hands.

I did not say that CM have a bad reputation or something like that, do not distort my words!

But you should be aware that no centralized exchange can give you a 100% guarantee for the safety of your coins - even if the owners and administrators are honest people. Any service that uses your coins directly (when you transfer your coins to their wallet) or who has access to your private key is potentially unsafe!

If their wallets are hacked - what will you get, except for an apology? Hope that the "White Hats" did it?))
In addition, the absence of fraudulent actions in the past does not guarantee their future manifestations (and we know such stories, right?).

Therefore, I honestly replied that there are pros and cons in each of the options for staking coins (solo with your personal wallet or on the staking pool, giving your coins to someone). And it does not matter what is called this pool - CM, POSW or something else.

There is always a risk, but one must be aware of it.

And as for me - I keep many coins on this exchange, but only the amount that I'm not afraid to lose once waking up.