Quote from: FatFork on March 02, 2025, 05:56:32 PM

Okay, so first of all, I would be very careful with random staking platforms. It seems this particular exchange you mentioned has more than half negative reviews on Trustpilot. That's a huge red flag! Also, didn't BingX experienced a security incident not too long ago? Anytime a platform gets hacked, it raises serious questions about their security measures.

There are lots of scams out there, and you don't want to lose your money. Maybe look into staking options on big exchanges you already know.

When I saw this post, this was my exact sentiment about it entirely, because by the look of things people don't actually know the full risk attached to staking, they mostly don't know that as long as staking is concern, it always happens in an exchange, and you will be forced to keep your asset in the exchange in the duration of time you are staking your asset, so if during that time interval that you are staking your asset something happens to the exchange in question, either hacking or internal theft like the case of FTX, your asset is a good as gone, so the risk is too much to bear for a right thing person to risk his or her asset for, especially if the person is not ignorant about it, because staking can take even more from you, comparing to what it might give you if things goes as planned.