Post
Topic
Board Altcoin Discussion
Re: Staking Coins With Annual Returns - Good Idea
by
nelson4lov
on 15/08/2023, 22:59:55 UTC
Do you think it's a good idea to stake coins?
Please explain your opinion.



First things first, you should should not use Atomic wallet to stake. If they have the highest APYs for the same set of assets that other wallets offer 5-10%, that alone should make you skeptical. Atomic wallet is too controversial (they have been hacked before) and their team denied the hack but barely did anything to compensate users or provide a post-mortem or recovery plan for its users. I recommend staying away from such wallets where or not the hack was from their team.

About staking, you can stake for rewards but you should be very mindful of blockchains that lock your staked tokens for 2 epochs (around 48hrs) in order for u