No one Should Stake Tezos on Coinbase and pay a 25% Fee for Doing so

2020-2-19 06:00

An exchange on the scale of Coinbase should charge minimal fees. Unfortunately, that is far from the case, and it seems to grow worse.

Especially where the staking of assets is concerned, things do not look too promising.

Don’t use Coinbase to Stake Assets

Recently, Coinbase confirmed how its users will be able to stake Tezos online.

To do so, they will use CB as an actual validated baker.

Rather than keeping the fees to an absolute minimum, Coinbase will charge a fee of 25%.

That is a ludicrous amount, for all intents and purposes. 

It is in line with the company’s habit of charging high commissions for virtually everything one can do on the platform.

Why this fee structure is so high, remains a bit unclear.

Tezos staking commissions across exchanges all seem to hover above the 15% mark, which is completely unacceptable. 

This is another reason why no one should keep their funds in a centralized exchange.

Staking XTZ can be done through other means as well, and for a much lower fee to boot. 

Using a staking pool, for example, can yield higher rewards compared to using Coinbase.

All cryptocurrency users need to do their own research regarding coin staking.

Paying ludicrous fees for a “benefit” is not what this industry is all about.

Image(s): Shutterstock.com

The post No one Should Stake Tezos on Coinbase and pay a 25% Fee for Doing so appeared first on NullTX.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

GrownCoin (GROW) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 GROW

coinbase should grow worse especially case seems

Источник: nulltx.com

coinbase should → Результатов: 82


Coinbase CEO: US Should Reconsider Ridiculous Stance on Libra as Project Partners Jump Ship

Facebook’s ambitious crypto project Libra is running out of steam as it gets hounded by regulators and governments around the world. The social media giant was dealt another blow yesterday when major project partner PayPal announced that it was jumping ship, but the Coinbase boss thinks the US should reconsider its negative stance.

2019-10-5 09:00


Ripple’s Adoption Is On The Rise As Coinbase Adopts XRP For Cross-Border Transfers: Should Holders Be Worried About Velocity?

Ripple’s XRP Adoption Is On The Rise As Coinbase Has Adopted It For Cross-Border Transfers, Should Holders Be Worried About Velocity? Coinbase, which is one of the largest crypto exchanges in the world and the main one in the United States, has recently decided to start offering a global remittance service. This new service will […]

2019-4-4 22:49


Фото:

Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.

2019-2-5 23:06


Avoiding QuadrigaCX’s $190 Million Disaster: How Do the World’s Largest Crypto Exchanges Store Funds?

Canada’s largest crypto exchange QuadrigaCX lost more than $190 million worth of user funds and is unable to reimburse its users. As CCN reported on February 1, the founder and CEO of QuadrigaCX passed away in India with sole control over the company’s cold wallets containing more than $150 million in cryptocurrencies like Bitcoin and Ethereum, and $40 million in cash stored with a third party.

2019-2-3 11:48


Фото:

Coinbase Updates its Users On the Upcoming Ethereum Constantinople Network Upgrade

Ethereum blockchain’s next network upgrade will be arriving this week, and cryptocurrency Exchange Coinbase is now informing its customers on what they should expect during the upgrade. Coinbase will be supporting Constantinople and users will not be able to engage fully with the blockchain while the network is being upgraded.

2019-1-15 16:59


Фото:

After Coinbase, PayPal Bans Social Media Platform Gab ‘Just Because’

Gab. ai, the social messaging platform born in 2016 as an answer to the “Big Social Monopoly” of extant social media giants, has lost access to its PayPal account. PayPal: Gab Should ‘Find Alternative’ Gab, which in June saw itself unexpectedly banned from US cryptocurrency exchange and wallet provider Coinbase, did not receive an explanation from PayPal, the company’s decision being effective immediately.

2018-10-29 22:00


дальше еще 33 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tezos price prediction: a look at XTZ and network metrics

Tezos (XTZ) price is down 2% this past week as cryptocurrencies struggle for direction. XTZ trades near $0. 80 and risks declines to $0. 65 if bears take control. However, network metrics suggest a resurgence in activity after recent upgrades – which could catalyse upside momentum.

Tezos Releases Nairobi, XTZ Bulls Unmoved As Bears Dominate

Tezos, the self-amending proof-of-stake blockchain, and an Ethereum competitor, recently implemented its latest upgrade via Nairobi. In a release, the 14th network improvement went live at block #3,760,129, tagging along platform enhancement and the simultaneous unveiling of the Tezos Ecosystem DAO.

XTZ price outlook as Mumbai upgrade goes live on Tezos

Tezos price is poised between key suppport around $0. 97 and major resistance at $1. 28. XTZ bulls could target $2 in April if price breaks higher, or seek support at $0. 70. The Tezos blockchain welcomed its 13th network upgrade dubbed Mumbai.

Tezos Activates Mumbai, Introduces Smart Rollups

Tezos, a self-amending proof-of-stake blockchain, has activated its 13th core protocol upgrade, Mumbai, introducing Smart Rollups, a Layer-2 scaling solution, for faster transaction processing speeds.