Even if you trust the exchange, you're losing out on interest should you hold the coins for a while, as exchanges don't stake the coins for interest.
You are viewing a single comment's thread from:
Even if you trust the exchange, you're losing out on interest should you hold the coins for a while, as exchanges don't stake the coins for interest.
It's always a massive risk to keep funds on an exchange, how many exchanges need to be hacked until people stop permanently holding coins on exchanges? :(
True - I have a question though since it's kind tough keeping the individual wallets for things like Gridcoin, Stratus, etc that require a sync to the chain all the time. For non-tech people, like some of my friends it's enough to make then not get involved. I even hold a lot of UIA on my OL account like SMOKE, PEERCROWDFUND, etc since there really isn't anywhere else to hold them.
Will Gridcoin, and do you think other UIA converting to their own coins, be able to be stored on a hardware wallet like Ledger Nano or Trezor?
True, thank you. I am going the Gridcoin Wallet route - syncing it up now.