Stake with Ledger wallet

[bb8]

koohl said:
Can you stake with XMR ?
Click to expand...

Unfortunately no, you cannot stake XMR.

It is a good alternative to BTC/ETH if you are using it as a currency and are wanting to stay private/anonymous.
Monero/XMR has an extremely well designed transaction system which hides the amount/sender/receiver from prying eyes.

 

[JohnnyDoe]

koohl said:
Can you stake with XMR ?
Click to expand...

You can't.
You can however earn some % if you place it on some CeFi platform (understand the risk!). For example CoinLoan gives 5.2%.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[void]

JohnnyDoe said:
You can't.
You can however earn some % if you place it on some CeFi platform (understand the risk!). For example CoinLoan gives 5.2%.
Click to expand...

understanding the risk is what people ignore - staking XMR or BTC on cefi platforms or staking ETH brings counter party risk and both ways are investment contracts, hence the answer why ETH is a security and will be regulated by SEC sooner or later - it's not necessarily bad but it is what it is

 

[koohl]

I have roughly 850K to invest right now, all hold in coins and ready to be placed somewhere with good returns on low risk? what would you do and what platform to use for my investment?

Toggle signature
My Journey to successful card processing for Replica, IPTV, Adult and Gaming business.
I keep my journey in the closed forums in Mentor Group for less saturating methods.
Please understand that I don't sell any services or do consultancy, you don't need to contact me about that!

 

[Marshal]

koohl said:
I have roughly 850K to invest right now, all hold in coins and ready to be placed somewhere with good returns on low risk? what would you do and what platform to use for my investment?
Click to expand...

Depends on which coins you have. There are a fair amount of cryptos you can stake if you are open to some risks. The biggest is Ethereum, but there are plenty of others including Solana, Polkadot, Polygon, Tron, Cardano and many others.