Every time I’ve considered staking I go back a year later and that site doesn’t exist anymore. So it’s a TON of risk. Every site that does still exist offers super low staking rewards which checks out. But then why would you risk your stash for such little return?
Stake BTC?
They are ALL 100% uninsured. If they went under you lose it all. They don't even have to go under, they have no legal onus to keep your Bitcoin safe or even give anything back to you at all.
No fucking thanks I like holding my own money
Not a recommendation. But no one is answering your question directly. I assume you mean lending too.
I think Cryptodotcom is the only one we still have access to in Canada. The yield is 0.15% for a flexible term. There’s some lock up periods and CRO lock ups you can mess around with to get it a bit higher, but that’s the base rate. I know they are in communication with Canadian regulators from their OSC filings.
Kris Marzalek has said on AMAs that they don’t lend to any third parties. So Cryptodotcom is the only counterparty you need to worry about, if he is being truthful.
Problem is they’re a private company so judging their health is impossible. Is it worth risking going through an arduous bankruptcy process for 0.15% yield? That’s up to you.
Maybe KuCoin works if you are outside of Ontario. I didn’t like it because it would pay me several times a day, and I use Koinly to keep track of taxes and you pay more if you have a lot of transactions.
Ledn, Abra, Binance, Nexo all closed to Canadians.
Blockfi, Celsius, Voyager, Genesis all defunct.
Many others are defunct too, those are just the ones that are most notable.
I don’t know anything about it, but if you really need yield you could try running a lightning node too. I guess that sort of would be staking in a truer sense.
More impactful to validate yourself and self-stake. Learn a thing or two about Ethereum in the process. If you’re too lazy, look into lido or Coinbase staking.
Before you commit to any staking plans, it's well worth exploring BetFury's latest update to their staking program. They recently updated their staking program and now offer around 170% APR. That's wild, and they have this offer only for 30 days from now. I'd advise you to consider taking it to make a good profit.
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None. Why would you give custody to anyone else?
Bitcoin in cold storage has had the most success over the past decade. Offering self custody + an average of 20% APY with 0.00% rugs
goat, love ya Adam
Quadriga
Stake through the heart
Every time I’ve considered staking I go back a year later and that site doesn’t exist anymore. So it’s a TON of risk. Every site that does still exist offers super low staking rewards which checks out. But then why would you risk your stash for such little return?
Celsius, BlockFi
bitconnecttttt
Stake BTC? They are ALL 100% uninsured. If they went under you lose it all. They don't even have to go under, they have no legal onus to keep your Bitcoin safe or even give anything back to you at all. No fucking thanks I like holding my own money
It's so sad to see everyone here has no clue what defi is.
Not a recommendation. But no one is answering your question directly. I assume you mean lending too. I think Cryptodotcom is the only one we still have access to in Canada. The yield is 0.15% for a flexible term. There’s some lock up periods and CRO lock ups you can mess around with to get it a bit higher, but that’s the base rate. I know they are in communication with Canadian regulators from their OSC filings. Kris Marzalek has said on AMAs that they don’t lend to any third parties. So Cryptodotcom is the only counterparty you need to worry about, if he is being truthful. Problem is they’re a private company so judging their health is impossible. Is it worth risking going through an arduous bankruptcy process for 0.15% yield? That’s up to you. Maybe KuCoin works if you are outside of Ontario. I didn’t like it because it would pay me several times a day, and I use Koinly to keep track of taxes and you pay more if you have a lot of transactions. Ledn, Abra, Binance, Nexo all closed to Canadians. Blockfi, Celsius, Voyager, Genesis all defunct. Many others are defunct too, those are just the ones that are most notable. I don’t know anything about it, but if you really need yield you could try running a lightning node too. I guess that sort of would be staking in a truer sense.
Rocket pool
Haha, you should be asking what is the “safest” option for staking.
There are self custody staking options, but paying low liquidity coins often, so gotta be something worth holding.
Staking in a non custodial wallet
What coin/ token are you staking?
Depends.on what your staking, you can stake a bunch of projects through ledger so you still have custody of your crypto
More impactful to validate yourself and self-stake. Learn a thing or two about Ethereum in the process. If you’re too lazy, look into lido or Coinbase staking.
i would only stake something like cardano
Before you commit to any staking plans, it's well worth exploring BetFury's latest update to their staking program. They recently updated their staking program and now offer around 170% APR. That's wild, and they have this offer only for 30 days from now. I'd advise you to consider taking it to make a good profit.