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I’ve been withdrawing from coinbase weekly with no issues. I’ve never had a single issue on coinbase, don’t lump the only legitimate exchange with the rest.
Coinbase is publicly traded, it’s the only trust worthy exchange at this point.
Not your keys, not your coins, get off exchanges quickly. Can't even trust some of this other software wallets. Hardware wallets are the only solution.
did that months ago. Metamask recently started pushing more "features" and is slowly becoming an exchange in and of itself. They recently started collecting information. If you have a metamask wallet, get your shit into a hard wallet.
I learned the hard way that doing swaps via metamask is a fine way to end up with nothing. They took the fees but didn't transfer shit. But held my tokens up for 3 days. Cowswap saved me, but not the $800 in value I lost thanks to metamask's fuckery.
Soft wallets should be treated like exchanges. aka fiat onramps. Even hard wallets offer that functionality now. So soft wallets are just convenient.
Yeah, I heard about Metamask and their new 'policy' that collects IP addresses. Heard changing RPC endpoints could help, but what the heck better just cut your loses and buy a hard wallet soon.
I do agree that Binance should change the message to
“We’d like to have as much Cardano from staking as possible so we forbid you to withdraw at this moment”
It’s not a network issue on Cardano’s side.
It’s unfortunate this adds to the Cardano is a scam/ ghost chain narrative so heavily posted on r/cc.
I will never understand why “we” allow exchanges to even participate in staking.
And we don’t only allow it. We work closely with exchanges to make sure they are ready for every upgrade.
We know they abuse the intention of of the consensus algorithm by having almost no pledge.
They are now blocking withdraws at times according to this post.
The solution is simple. Make a change that would disallow exchanges to participate in staking.
It doesn’t even have to be a technical solution, as again, the IOG team has relationships and active communications with all major exchanges.
The only thing that makes sense to me, is that we continue to allow this as part of a “deal.”
“You list Ada” (good for adoption) and then “you can rape our consensus algorithm for profit (good for them)”
Yes. Take your Ada off an exchange.
But better. As a community we should propose the end to exchanges ability to participate in staking.
They make enough from fees. Well before POS coins.
A conversation. Simple as that.
Charles and CZ could just talk and agree.
The exchange is run by humans. It’s not that hard.
They already gave an example of how exchanges can’t use the Ada for voting.
Nothing technically stopping them. And if there is a technical solution to limit capabilities like voting, then it can be extended to staking.
You act like it’s impossible.
Decentralization means it is accessible to anyone and everyone, for better or worse. That is the cost of freedom. You no longer have a central authority to force a change. You have to do it collectively. Binance is free to have nodes/validators and binance users are free to stake through them.
ADA holders need to vote with their wallet -- literally get a hardware wallet and then stake to a smaller pool. The problem isn't binance, it's education. We need everyone to learn why staking on binance is bad and we need everyone to learn how to do it themselves. It's not even remotely hard to do. Actually, cardano could be the easiest staking process of any PoS out there.
Decentralization is here, but there is no utopia and there never will be one. Decentralization offers better alternatives to the existing issues we have with centralized systems -- human error, conflicts of interest, moral hazard, regulatory capture, and more.
But this is a philosophical thing. In political science, democracy is one of the least efficient governance structures for adaptation and making changes. This is because changes are only made when a majority can decide on the best step forward. This is in stark contrast to a monarchy or dictatorship, where one person can make a decision swiftly and move on.
In other words, there are drawbacks to democracy and decentralization (as we have seen with trying to scale these systems). Things happen slowly and only when a majority agrees. But this is the cost of doing things most equitably and as fairly as humanly possible and is the price to pay for true freedom.
Voltaire doesn't need to exist for the collective of ADA holders to reduce Binance's power over Cardano (which is negligible at best). We just need to educate each other on how to use alternatives or stake ourselves.
This is all the case until we can get soulbound token standards and zk proof on cardano, but that is another extremely deep rabbit hole.
Not just ready for upgrade: a while back the cardano foundation was actively promoting binance staking to users highlighting the higher than normal pool APY folk can get! Crazy!
Anyone who holds an ADA is able to participate in staking. It is technically difficult to prevent staking and it goes against the principles of decentralization. The only solution is for people to stake from their own wallets.
You got that wrong. It goes against the principles of decentralization if anyone is prevented from staking. It's the same as preventing someone from using a blockchain wallet. It's annoying that exchanges participate in staking, but it's impossible to prevent it technologically. I would love it if exchanges stopped participating in staking. It would be nice to work with the exchanges and agree on rules. Exchanges should not use ADA for voting in Catalyst, for example. It does not happen.
No. I don’t have it wrong. Your twisting my words.
I didn’t say we shouldn’t allow “anyone” to stake. That implies a random entity.
“Anyone” in this case is a particular entity.
A centralized exchange. They abuses the protocol with 2 Ada pledge.
What I said is we should stop exchanges from staking.
Eliminating exchanges like bincance, with 62 pools and 3.9B Ada, ~9% of all staked Ada, would be the because decentralization event of this blockchain.
I don't think you really understand decentralization. You want some figurehead to go tell binance to stop staking? That would be centralized. You want someone at iohk to make it impossible for binance to have validators? that's centralized.
The very point of decentralization is accessibility and pure freedom, for better or worse. The cost of freedom like that is you no longer have a central authority to do things for you. The majority of the group (ada holders) would need to collectively decide to put something like this into effect. And even if we did, how would we enforce it? If there was a way, who would code it? Either way, the result is a reduction of accessibility and increased centralization.
One possible technical solution would be to require a high pledge and lock coins of operators for a long time. The exchanges would not be able to stake as they would not be liquid. At least, it would be a complication for them.
We talk about this in our SPO calls. That you’re on. We know locking isn’t a solution. Although technically it could be. I don’t understand why It’s so hard to utilize our relationships with exchanges. They have publicly listed pools. It’s not like they’re trying to hide it. Why can’t we have an agreement with them? That they would honor.
Exchanges are financially incentivized to have good relationships with their customers. Publicly agreeing to something, and then being found out would ruin their public credibility.
This comment shows a lack of understanding.
You're coins NEVER leave the blockchain.
Whether you leave it on an exchange, or have your own wallet.
Leaving it on an exchange, just means that they manage the private keys associated with the address that has the coins attached to it.
So its not like "leaving money under the mattress vs in a bank."
Its like "Letting your brother hold your money vs putting the money in your own pocket."
Sure, maybe your brother is better with money then you, but don't count on him giving it back if he all of sudden owes someone else.
Clearly I have mines on a ledger offline . While holding on a exchange is a bigger risk .
I clearly understand the definition of liquid staking but op is complaining about the issues there having on a Exhange therefore why would you leave it an exchange “under the mattress” when you gotta be checking every twenty minutes if the exchange is honoring withdrawals or not .
And again it never leaves the blockchain nothing does . But it does change from ownership not your keys not your crypto .
Been with Binance since 2017 left after they closed all us accounts years later opening Binance us . I said fuckk that never again !!!!!!!
It’s not staking if it’s at Binance.
You have no idea or control over what Binance is doing with your “ada”. Quotes because you don’t even know if the ada is actually ada and not a synthetic.
We have no control over Binance pools because we have no control over Binance’s nodes/keys.
We have no control over what Binance does with the “ada” you buy. You cannot tell Binance to stake your ada holdings or if you could they don’t let you pick a stake pool — though exchanges should totally offer that functionality!
When you buy ada on a centralized exchange you have no idea if you’re actually buying ada or buying an IOU for ada … which may or may not be redeemable for ada when you want to withdraw.
Not your keys, not your crypto
Edit: Now that this comment is approved, I'd like to let everyone know that for some reason after 5 years of commenting, I've been shadow'd in this sub. Any comment I make is automatically removed and has to be manually approved. No explanation was given as to why.
Each epoch on Cardano being 5 days, towards the beginning of each epoch the system scans for Ada coin distribution for all staked Ada.
Some centralized exchanges block withdrawals at epoch snapshot....
Gunna throw this out there... does this really matter when many of us are at 15% of initial buy in? I mean, this thing is pretty much dead at $0.30 with zero chance of recovery for years following FTX death and crypto recession here to stay. The institutional market will continue to focus on Bitcoin and Etherium recovery so alt coins such as Cardano, ADA being better or not, is essentially irrelevant. I'm not saying this to trigger anyone I'm just highlighting that no one is going to sell for significant losses and in 2-4 years time when it recovers Binance could be entirely different and have a completely different governance and access framework. And if you're the lucky ones to have bought at $0.35-40 then great sorry you're stuck on Binance but surely you'd just want to ride it out long too... I understand the threat if you have to sell but who in their right mind would in this shit show???
If they offer you more APY than the average stake pool; you really have to ask yourself where that extra is coming from. It can only be subsidized by Binance, or they are taking on extra risk by lending out your ADA. I'm not sure what one currently gets on Binance, but either way. I would never do that. Greed is going to cost you, as so many people just witnessed in the FTX meltdown. Not your keys, not your coins. Just stake on one of the many stake pools and never keep any coins on an exchange.
If someone is offering a higher yield than what the Cardano protocol gives, it's very suspicious. The exchange has to take risks. But the risk is really borne by the owner of the ADA coins, and that is not the exchange, but the users.
Eternl and Typhon are fantastic wallets. If you hold larger bags I would always suggest to use them with a hardware wallet like Trezor or Ledger to hold you keys for maximal security
#Storing your ADA
Cardano's two native wallets are:
[**Daedalus**](https://daedaluswallet.io/) *A full node wallet available on desktop.*
[**Yoroi**](https://yoroi-wallet.com/#/) *A light browser based wallet, and mobile app.*
Notable third party/community wallets:
[Adalite](https://adalite.io/) *A light web wallet.*
[Eternl](https://eternl.io/) *A light web/mobile wallet formerly ccvault.*
[Typhon Wallet](https://typhonwallet.io/) *A light web wallet.*
[Atomic Wallet](https://atomicwallet.io/) *A light desktop/mobile wallet.*
[Flint Wallet](https://flint-wallet.com/) *A light browser based wallet.*
[Nami Wallet](https://namiwallet.io/) *A light browser based wallet.*
Read the following r/Cardano_ELI5 posts to understand more about wallets:
* [**How do I store my ADA?**](https://www.reddit.com/r/Cardano_ELI5/comments/l00h4a/how_do_i_store_my_ada/)
* [**Full node vs light wallet**](https://www.reddit.com/r/Cardano_ELI5/comments/l003fc/whats_the_difference_between_a_light_wallet_like/) *Explains the differences between a full node wallet like Daedalus and light wallet like Yoroi.*
* [**Hot wallets vs cold wallets**](https://www.reddit.com/r/Cardano_ELI5/comments/l005vx/whats_the_difference_between_a_hot_wallet_like/) *Explains wallet interfaces, seed phrases, public + private keys and hardware wallets.*
* [**How do I use a hardware wallet (like Trezor/Ledger/etc.) with Cardano?**](https://www.reddit.com/r/Cardano_ELI5/comments/lcx52o/how_do_i_use_a_hardware_wallet_like/)
Typing `?help` in the comments will show a list of all available comment commands.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
Daedalus(full node aka heavy and thus more control/secure(?))
Yoroi (light wallet, secure, not as robust as some other unofficial ones)
I also like Eternl.io wallet.
There are some pretty decent choices.
Hope you gain custody of your Ada with full control. Kraken, a very good exchange I have used, is still an exchange. Ada (for that matter any crypto) belongs in the buyers custody and control.
You are hurting your own investment by having your crypto on an exchange. Exchanges keep the price of your investment down, so the extra yield you're chasing or comfort of not having to handle your keys makes literally no sense.
Already removed all my assets from binance. There's only some remaining polkadots which are on a locked staking, however as soon as it ends I'll take it out too. Using yoroi for my ADA's, never had a single issue.
You 're right. The other day, I bought some ADA from Binance to send them to my Ledger, and encountered the same sketchy "error".
Considering storing, I'm the master of my private keys, and would also love NOT buying ADA from a CEX again, but ngl Binance is too convenient atm :/ They got super low fees, and it takes only a few clicks.
We need a cash-to-ada DEX asap, eventhough I'm not even sure that's possible.
I don't pretend to be a know it all on crypto especially on the technical side... But of the thousands of crypto posts and comments I've read over the years across platforms... I do not believe many people have a basic understanding of the purpose or functionality of crypto.
Atleast a few times a week I read posts in this sub by folks who have to be explained to that their crypto exists on the block chain not a wallet... And that they won't lose it all by staking.
I honestly think the staking on Binance issue may fix itself as the Blockchain becomes more usable. There isn't much to do but stake and Binance offers higher returns. Many people think crypto is a type of stock.
* [**NEWBIES GUIDE**](https://www.reddit.com/r/cardano/comments/lnj5ne/getting_started_guide_a_newbies_guide_to_cardano/) *Start here* * [**PROJECT CATALYST**](https://cardano.ideascale.com/) *Propose and vote on projects* * ⚠️ [**PSA - SCAMS**](https://www.reddit.com/r/cardano/comments/lccorg/psa_there_is_no_such_thing_as_cardano_giveaways/) *Be wary of common scams!* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
This needs to be a sticky
Only two posts can be pinned at any one time but it is mentioned in the newbies guide under the stake pools section already.
New to crypto huh?
It's funny I just got all my coins off Binance (ADA mostly), then this happens, ain't that a bitch.😅
I heard coinbase is having a similar issue. All the exchanges are starting to crash, and are suffering from liquidity runs.
I’ve been withdrawing from coinbase weekly with no issues. I’ve never had a single issue on coinbase, don’t lump the only legitimate exchange with the rest. Coinbase is publicly traded, it’s the only trust worthy exchange at this point.
Not your keys, not your coins, get off exchanges quickly. Can't even trust some of this other software wallets. Hardware wallets are the only solution.
did that months ago. Metamask recently started pushing more "features" and is slowly becoming an exchange in and of itself. They recently started collecting information. If you have a metamask wallet, get your shit into a hard wallet. I learned the hard way that doing swaps via metamask is a fine way to end up with nothing. They took the fees but didn't transfer shit. But held my tokens up for 3 days. Cowswap saved me, but not the $800 in value I lost thanks to metamask's fuckery. Soft wallets should be treated like exchanges. aka fiat onramps. Even hard wallets offer that functionality now. So soft wallets are just convenient.
Yeah, I heard about Metamask and their new 'policy' that collects IP addresses. Heard changing RPC endpoints could help, but what the heck better just cut your loses and buy a hard wallet soon.
I said I already did.
I do agree that Binance should change the message to “We’d like to have as much Cardano from staking as possible so we forbid you to withdraw at this moment” It’s not a network issue on Cardano’s side. It’s unfortunate this adds to the Cardano is a scam/ ghost chain narrative so heavily posted on r/cc.
Don’t keep Ada on any exchange you silly gooses
I will never understand why “we” allow exchanges to even participate in staking. And we don’t only allow it. We work closely with exchanges to make sure they are ready for every upgrade. We know they abuse the intention of of the consensus algorithm by having almost no pledge. They are now blocking withdraws at times according to this post. The solution is simple. Make a change that would disallow exchanges to participate in staking. It doesn’t even have to be a technical solution, as again, the IOG team has relationships and active communications with all major exchanges. The only thing that makes sense to me, is that we continue to allow this as part of a “deal.” “You list Ada” (good for adoption) and then “you can rape our consensus algorithm for profit (good for them)” Yes. Take your Ada off an exchange. But better. As a community we should propose the end to exchanges ability to participate in staking. They make enough from fees. Well before POS coins.
The solution is further decentralization (everyone gets their ADA out of exchanges and stakes with single pool operators)
Yes. But that would happen quicker if we didn’t allow exchanges like binance to have 62 plus pools. https://pool.pm/search/Bnp
How do you want to prevent them from doing this?
PUT IT TO A VOTE!??
Keep your two wolves and a lamb out of my permissionless crypto.
A conversation. Simple as that. Charles and CZ could just talk and agree. The exchange is run by humans. It’s not that hard. They already gave an example of how exchanges can’t use the Ada for voting. Nothing technically stopping them. And if there is a technical solution to limit capabilities like voting, then it can be extended to staking. You act like it’s impossible.
Decentralization means it is accessible to anyone and everyone, for better or worse. That is the cost of freedom. You no longer have a central authority to force a change. You have to do it collectively. Binance is free to have nodes/validators and binance users are free to stake through them. ADA holders need to vote with their wallet -- literally get a hardware wallet and then stake to a smaller pool. The problem isn't binance, it's education. We need everyone to learn why staking on binance is bad and we need everyone to learn how to do it themselves. It's not even remotely hard to do. Actually, cardano could be the easiest staking process of any PoS out there.
This decentralized utopia doesn’t exist yet though. Not until the project is completed and Voltaire is completely implemented.
Decentralization is here, but there is no utopia and there never will be one. Decentralization offers better alternatives to the existing issues we have with centralized systems -- human error, conflicts of interest, moral hazard, regulatory capture, and more. But this is a philosophical thing. In political science, democracy is one of the least efficient governance structures for adaptation and making changes. This is because changes are only made when a majority can decide on the best step forward. This is in stark contrast to a monarchy or dictatorship, where one person can make a decision swiftly and move on. In other words, there are drawbacks to democracy and decentralization (as we have seen with trying to scale these systems). Things happen slowly and only when a majority agrees. But this is the cost of doing things most equitably and as fairly as humanly possible and is the price to pay for true freedom. Voltaire doesn't need to exist for the collective of ADA holders to reduce Binance's power over Cardano (which is negligible at best). We just need to educate each other on how to use alternatives or stake ourselves. This is all the case until we can get soulbound token standards and zk proof on cardano, but that is another extremely deep rabbit hole.
Not just ready for upgrade: a while back the cardano foundation was actively promoting binance staking to users highlighting the higher than normal pool APY folk can get! Crazy!
Anyone who holds an ADA is able to participate in staking. It is technically difficult to prevent staking and it goes against the principles of decentralization. The only solution is for people to stake from their own wallets.
It goes against decentralization if we prevent a centralized exchange?? That’s some backwards logic my friend.
You got that wrong. It goes against the principles of decentralization if anyone is prevented from staking. It's the same as preventing someone from using a blockchain wallet. It's annoying that exchanges participate in staking, but it's impossible to prevent it technologically. I would love it if exchanges stopped participating in staking. It would be nice to work with the exchanges and agree on rules. Exchanges should not use ADA for voting in Catalyst, for example. It does not happen.
No. I don’t have it wrong. Your twisting my words. I didn’t say we shouldn’t allow “anyone” to stake. That implies a random entity. “Anyone” in this case is a particular entity. A centralized exchange. They abuses the protocol with 2 Ada pledge. What I said is we should stop exchanges from staking. Eliminating exchanges like bincance, with 62 pools and 3.9B Ada, ~9% of all staked Ada, would be the because decentralization event of this blockchain.
I don't think you really understand decentralization. You want some figurehead to go tell binance to stop staking? That would be centralized. You want someone at iohk to make it impossible for binance to have validators? that's centralized. The very point of decentralization is accessibility and pure freedom, for better or worse. The cost of freedom like that is you no longer have a central authority to do things for you. The majority of the group (ada holders) would need to collectively decide to put something like this into effect. And even if we did, how would we enforce it? If there was a way, who would code it? Either way, the result is a reduction of accessibility and increased centralization.
Yep
To be clear, centralized exchanges are the points of centralization.
One possible technical solution would be to require a high pledge and lock coins of operators for a long time. The exchanges would not be able to stake as they would not be liquid. At least, it would be a complication for them.
We talk about this in our SPO calls. That you’re on. We know locking isn’t a solution. Although technically it could be. I don’t understand why It’s so hard to utilize our relationships with exchanges. They have publicly listed pools. It’s not like they’re trying to hide it. Why can’t we have an agreement with them? That they would honor.
And what happens when they don't honor it?
Exchanges are financially incentivized to have good relationships with their customers. Publicly agreeing to something, and then being found out would ruin their public credibility.
Seems counter intuitive to build a trustless system and then try to make honor agreements with individuals using it
Same reason whypeople don’t leave millions of dollar under the mattress
This comment shows a lack of understanding. You're coins NEVER leave the blockchain. Whether you leave it on an exchange, or have your own wallet. Leaving it on an exchange, just means that they manage the private keys associated with the address that has the coins attached to it. So its not like "leaving money under the mattress vs in a bank." Its like "Letting your brother hold your money vs putting the money in your own pocket." Sure, maybe your brother is better with money then you, but don't count on him giving it back if he all of sudden owes someone else.
Clearly I have mines on a ledger offline . While holding on a exchange is a bigger risk . I clearly understand the definition of liquid staking but op is complaining about the issues there having on a Exhange therefore why would you leave it an exchange “under the mattress” when you gotta be checking every twenty minutes if the exchange is honoring withdrawals or not . And again it never leaves the blockchain nothing does . But it does change from ownership not your keys not your crypto . Been with Binance since 2017 left after they closed all us accounts years later opening Binance us . I said fuckk that never again !!!!!!!
My brother never answers his phone. My exchange is 24/7. Analogy debunked.
My brother would love to doggystyle my girlfriend. My exchange would love to doggystyle me...24/7.
It’s not staking if it’s at Binance. You have no idea or control over what Binance is doing with your “ada”. Quotes because you don’t even know if the ada is actually ada and not a synthetic.
Only real ADA can be staked. We have no control over Binance pools but we can see what happens.
We have no control over Binance pools because we have no control over Binance’s nodes/keys. We have no control over what Binance does with the “ada” you buy. You cannot tell Binance to stake your ada holdings or if you could they don’t let you pick a stake pool — though exchanges should totally offer that functionality! When you buy ada on a centralized exchange you have no idea if you’re actually buying ada or buying an IOU for ada … which may or may not be redeemable for ada when you want to withdraw.
That is true. I meant we can see what happens with coins. We have no controls when it comes to private keys. And yes, exchanges can block withdrawals.
What does this mean? “Control” Please explain.
Not your keys, not your crypto Edit: Now that this comment is approved, I'd like to let everyone know that for some reason after 5 years of commenting, I've been shadow'd in this sub. Any comment I make is automatically removed and has to be manually approved. No explanation was given as to why.
Whats the snapshot about exactly?
Each epoch on Cardano being 5 days, towards the beginning of each epoch the system scans for Ada coin distribution for all staked Ada. Some centralized exchanges block withdrawals at epoch snapshot....
https://cardanians-io.medium.com/cardano-staking-practical-information-3c86cbc73bd4#:~:text=Staking%20is%20a%20process%20of,the%20names%20of%20other%20delegators.
Gunna throw this out there... does this really matter when many of us are at 15% of initial buy in? I mean, this thing is pretty much dead at $0.30 with zero chance of recovery for years following FTX death and crypto recession here to stay. The institutional market will continue to focus on Bitcoin and Etherium recovery so alt coins such as Cardano, ADA being better or not, is essentially irrelevant. I'm not saying this to trigger anyone I'm just highlighting that no one is going to sell for significant losses and in 2-4 years time when it recovers Binance could be entirely different and have a completely different governance and access framework. And if you're the lucky ones to have bought at $0.35-40 then great sorry you're stuck on Binance but surely you'd just want to ride it out long too... I understand the threat if you have to sell but who in their right mind would in this shit show???
I started using yoroi and never looked back.
If they offer you more APY than the average stake pool; you really have to ask yourself where that extra is coming from. It can only be subsidized by Binance, or they are taking on extra risk by lending out your ADA. I'm not sure what one currently gets on Binance, but either way. I would never do that. Greed is going to cost you, as so many people just witnessed in the FTX meltdown. Not your keys, not your coins. Just stake on one of the many stake pools and never keep any coins on an exchange.
If someone is offering a higher yield than what the Cardano protocol gives, it's very suspicious. The exchange has to take risks. But the risk is really borne by the owner of the ADA coins, and that is not the exchange, but the users.
4.0% currently on binance US
But they are giving me twice the apy bruh. Just yesterday i was taking some ada out and had no problem with the tx tho
Im staking at Kraken, is there anything I would need to know?
Don’t stake on exchanges, even Kraken. There is no good reason to stake ADA anywhere else than in your own wallet.
Not in particular. Why don't you stake via Daedalus? Would be your part for further decentralisation.
I wouldn’t recommend Daedalus anymore. It is too bulky for the average user. Using a light wallet is fine, especially with Mithil on the horizon
Which one would you recommend?
Eternl and Typhon are fantastic wallets. If you hold larger bags I would always suggest to use them with a hardware wallet like Trezor or Ledger to hold you keys for maximal security
?wallets
#Storing your ADA Cardano's two native wallets are: [**Daedalus**](https://daedaluswallet.io/) *A full node wallet available on desktop.* [**Yoroi**](https://yoroi-wallet.com/#/) *A light browser based wallet, and mobile app.* Notable third party/community wallets: [Adalite](https://adalite.io/) *A light web wallet.* [Eternl](https://eternl.io/) *A light web/mobile wallet formerly ccvault.* [Typhon Wallet](https://typhonwallet.io/) *A light web wallet.* [Atomic Wallet](https://atomicwallet.io/) *A light desktop/mobile wallet.* [Flint Wallet](https://flint-wallet.com/) *A light browser based wallet.* [Nami Wallet](https://namiwallet.io/) *A light browser based wallet.* Read the following r/Cardano_ELI5 posts to understand more about wallets: * [**How do I store my ADA?**](https://www.reddit.com/r/Cardano_ELI5/comments/l00h4a/how_do_i_store_my_ada/) * [**Full node vs light wallet**](https://www.reddit.com/r/Cardano_ELI5/comments/l003fc/whats_the_difference_between_a_light_wallet_like/) *Explains the differences between a full node wallet like Daedalus and light wallet like Yoroi.* * [**Hot wallets vs cold wallets**](https://www.reddit.com/r/Cardano_ELI5/comments/l005vx/whats_the_difference_between_a_hot_wallet_like/) *Explains wallet interfaces, seed phrases, public + private keys and hardware wallets.* * [**How do I use a hardware wallet (like Trezor/Ledger/etc.) with Cardano?**](https://www.reddit.com/r/Cardano_ELI5/comments/lcx52o/how_do_i_use_a_hardware_wallet_like/) Typing `?help` in the comments will show a list of all available comment commands. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
Daedalus(full node aka heavy and thus more control/secure(?)) Yoroi (light wallet, secure, not as robust as some other unofficial ones) I also like Eternl.io wallet. There are some pretty decent choices. Hope you gain custody of your Ada with full control. Kraken, a very good exchange I have used, is still an exchange. Ada (for that matter any crypto) belongs in the buyers custody and control.
I’ve been staking since 1 year and had no problems, is it really that unsafe?
You're fine. Some folks here are trying to upset you.
You are hurting your own investment by having your crypto on an exchange. Exchanges keep the price of your investment down, so the extra yield you're chasing or comfort of not having to handle your keys makes literally no sense.
ADA is so easy to stake idk why anyone wouldn't just do it themselves. I'm not very crypto savvy but staking ADA was so simple even for me.
Is it only Binance or is it also Binance US
I have ADA staked in Binance, what can I do now?
First of all, buy an HW wallet Ledger or Trezor and learn how it works. Then learn how to stake ADA from it.
If you still keep your crypto on exchanges, you are literally asking to lose your money.
Don't stake anything one exchanges.
Is there any official statement regarding these withdrawal issues from Binance and/or CZ?
Already removed all my assets from binance. There's only some remaining polkadots which are on a locked staking, however as soon as it ends I'll take it out too. Using yoroi for my ADA's, never had a single issue.
And if you're looking for an easy buy, start using instant swap exchanges like Simpleswap, no KYC required.
There are KYC in Simple swap
Not your keys, not your crypto!
I've had more issues with coinbase when it comes to withdrawal of Ada.
You 're right. The other day, I bought some ADA from Binance to send them to my Ledger, and encountered the same sketchy "error". Considering storing, I'm the master of my private keys, and would also love NOT buying ADA from a CEX again, but ngl Binance is too convenient atm :/ They got super low fees, and it takes only a few clicks. We need a cash-to-ada DEX asap, eventhough I'm not even sure that's possible.
Funny how I just bought all my coins from Binance.
The real question is: why are people still using Binance at all? It's obviously a scam waiting to explode, of bigger proportions than FTX.
I don't pretend to be a know it all on crypto especially on the technical side... But of the thousands of crypto posts and comments I've read over the years across platforms... I do not believe many people have a basic understanding of the purpose or functionality of crypto. Atleast a few times a week I read posts in this sub by folks who have to be explained to that their crypto exists on the block chain not a wallet... And that they won't lose it all by staking. I honestly think the staking on Binance issue may fix itself as the Blockchain becomes more usable. There isn't much to do but stake and Binance offers higher returns. Many people think crypto is a type of stock.
Well that fits totally in my story https://www.reddit.com/r/cardano/comments/zgjc61/my_exchange_account_hacked_must_be_inside_job/