Thread: Money Bitcoin Take?
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Old 08-22-2021, 12:35 PM   #3241
eDave eDave is offline
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Join Date: Jan 2013
Casino cash: $9998560
Quote:
Originally Posted by Hog's Gone Fishin View Post
165 every 5 days. Holy shit, that adds up fast. I need to stake mine I guess but can't figure out how on Coinbase. I don't see a staking button. LOL
You can stake on Coinbase. Maybe an "earn" link (that's how it is on Kraken).

Note that they pay out every 7 days. That's 11 payments less than through a wallets payout schedule, which is at the end of each epoch.

You are better served to move it to a wallet and stake from there. I suggest ADA's wallet, Yoroi. Staking delegates are available there.

Then you will be all into blocks and delegators and epochs and saturation and pool size as you make your decision.

Most don't recommend keeping your coin on an exchange. It's not really yours unless it's in your wallet. I don't see the risk, personally, and believe more exchanges are offering staking options in part to keep money on their exchange.

Now regarding Coinbase. If you do sell, I'd highly suggest you move to another exchange first. CB has horrendous sell rates. It's for suckers, literally. CBpro is the the easiest move. Seamless actually. I found Kraken to have the best fees. Kraken has the best everything, IMO.

Last edited by eDave; 08-22-2021 at 02:02 PM..
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