Is it safe to stake my cryptocurrencies on a crypto exchange like Binance as a new investor? In this video, I go over a high-level look at the pros and cons for staking crypto on a crypto exchange (like Binance) instead of retaining your own ‘keys’ (your crypto) in a decentralized wallet, like Yoroi for ADA (Cardano).
Note, this is a high level look at how the returns work on Binance and how to calculate them. Perfect if you are wanting some guidance when starting out with staking between exchanges and your own wallets.
#cardano #binance #cryptonews
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⏰ Timestamps ⏰
00:00 Hopium-Free Exchange Staking
00:35 What’s in Today’s video – Staking ADA on Binance
00:58 Binance, no FUD.
02:00 HUGE Staking Rewards on Binance – How it works
05:14 Some of the Problems Staking on Binance
10:54 Staking Backup Plan
12:38 Binance Price Analysis
13:20 Summary – Exchange Staking Pro’s and Con’s
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Financial Disclaimer:
I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. Ideas presented in this video are my opinions at the date of filming and may have changed in the future.
Affiliate Disclaimer:
Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. All referrals are for products that I believe in and use personally.
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Outro Music: Too Cool, Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
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ISRC: USUAN1600068
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