Скачать или смотреть Don’t stake your Cryptos on CEXs ❌

#cryptocurrency #short #staking #stakingcryptocurrency

Don't stake your cryptos on centralized exchanges; here is why:

1.) Custody risk. When staking your cryptos with centralized exchanges, like FTX in the past, there is the risk that the exchange could run away with your coins/ gamble with them.

2.) No airdrops! People who staked $ATOM in the past few years got pampered with airdrops! However, if you are not staking them self-custody (i.e. directly via your Keplr wallet, then you won't be eligible for future airdrops.

3.) Smaller APR. CEXs charge a pretty high commission fee, meaning: the APY at the end of the year is smaller compared to when staking with individual staking providers.
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DISCLAIMER

All information presented in this podcast is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This podcast’s content solely reflects the producer's opinion, who is not a financial advisor. Investing in cryptocurrencies is risky!