Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - next generation platform, Secured by Bitcoin
by
hansen.ng
on 01/08/2019, 16:09:43 UTC
Binance has started staking rewards for KMD,what is better,to keep Kmd in wallet or on Binance?
Keeping on Binance has advantage like you can trade instantly(When price spikes) and don't have to do anything to get interest. Keeping in wallet doesn't have that instant trading benefit as it requires 120 confirmations, There are advantages and disadvantages to both. I'd like to keep mine in hardware wallet and claim monthly interest.


Yes if you are holding to many,hardware wallet is a good choice but for someone like me who has small amount,keeping on binance is good option

Keeping in Binance exchange is a very good option but i think they will give a small percentage to stakeholders, whereas if you hold the coin in the KMD wallet you might get higher reward compared to Binance staking.
Agree, holding in your own wallet is better, because people withdraw all the time on exchange, so some of the UTXOs in exchange wallet won't have enough time to generate reward resulting in lower than 5.1% APR.