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More Staking Options on Coinbase

By rah | rah | 21 Dec 2020


When I first started trading I joined Coinbase as it seemed to be the one with the best ranked security and insurance ratings. It may well not be the most competitive exchange on the market with high fees and few staking options but it seems to be that they are determined to change this. It may not be a coincidence with rumours of a forthcoming IPO.

I wonder if those who hold assets on Coinbase get preferential sharebuying options - but that is a discussion for another article.

When I first joined TEZOs staking was offered at 4.67% and DAI at 2%. DAI isn't particularly exciting as it doesn't even hold to inflation so money in real terms still goes down even when held in stablecoin. This is why I shift profit in to DAI and then move it on to Celsius so my profits are always staking in stablecoin at >10%. TEZOs is more attractive and since then COSMOS has also been added at 5% and just in the last few hours Algorand has now been offered too at 6%.

While there are still inherent risks involved, this is making Coinbase and increasingly more attractive proposition. Furthermore in addition to a few coins that have been added since I joined in the last month alone Coinbase have added

  • Filecoin
  • Aave
  • The Graph
  • Synthetix Network Token
  • Decentraland
  • Bancor Network Token
  • Balancer
  • Civic
  • DistrictOx
  • NuCypher

So Coinbase are becoming an increasingly attractive proposition not only with the Crypto they offer but with their improved staking rates. Some of their better rates even compete with Celsius - although on different coins.

Always do your best to leverage maximum advantage and read around the subject carefully.

Now I am just waiting for them to add Ampleforth. Now that would be a nice Christmas present for me.

Stay safe and stay well and get ready for the settling storm that is upon us!

 

 

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rah
rah

I love reading and technology as well as history. I teach English and Business to professional clients as well as soft skills with a focus on communications. I am a big fan of both Sheffield Wednesday and Lincoln City Football clubs


rah
rah

Experienced Business Owner and Coach and Tutor who now trades in Crypto. It is proving to be an interesting journey with so much technical language involved. Follow me as I learn the trade (and how to trade). Made some howling mistakes to begin with, but still learning and will share what I learn as I learn it for the benefit of the community. - RAH

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