Post
Topic
Board Altcoin Discussion
Re: Where do you stake? Exchange or wallet?
by
justdimin
on 29/11/2019, 18:03:28 UTC
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.