Post
Topic
Board Altcoin Discussion
Re: Staking advice needed
by
Wakate
on 30/03/2023, 12:47:58 UTC
For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
There is nothing wrong with you staking your coins since you intend holding them for a longer time of period. One thing you need to note is that you will need to be careful on the kind of site or exchange you want to keep your coin and hold. There are so many third parties website out there including cloned websites that are ready to take your coin from you. If you are going for an exchange then go for the reputable exchanges like Binance and other similar exchanges that would be safe for holding your coins especially for a long period since that is your reason.