Post
Topic
Board Service Discussion (Altcoins)
Re: 5 cryptocurrency exchanges where you can stake cryptos & earn rewards
by
nelson4lov
on 10/07/2020, 13:35:43 UTC
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Very useful, thanks OP. But what's the point staking crypto on exchanges, meaning you expose your funds long term to drawbacks of exchanges especially hack. I prefer staking with my personal wallets, not otherwise. I've used Binance and Kucoin for staking anyway, pretty cool.

Well, staking on exchange platforms like binance and kucoin has some advantages over staking your personal wallet. Binance has an annual percentage return as high as 16%.  You can't get such high returns while staking on your personal wallets. However, I do know that there are some drawbacks with putting your funds in the hands of these exchanges. Binance has the #SAFU initiative to help mitigate issues should they arise.