facebookIn your opinion, is it a good idea to stake your ETH with Gemini? Just wondering what the collective hive would think. TIA! - Seedly

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Cryotosensei

Blogger at diaperfinancingfund.blogspot.com

01 Oct 2022

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Cryptocurrency

In your opinion, is it a good idea to stake your ETH with Gemini? Just wondering what the collective hive would think. TIA!

Discussion (4)

What are your thoughts?

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For sure yes for me. I have staked my coins in Gemini and better than just sitting in wallet. Security wise - better to save it in the cold wallet.

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I think staking Eth with Gemini would probably be roughly the same as staking with other cex like binance?

So the same risk applies which is not your keys not your coins.

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Also, I think staking eth in Gemini, the Eth that is staked is illiquid as it is locked for a certain period.

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So if wanna avoid that can stake through staking as a service protocols like Lido or Rocketpool? The staked Eth is more liquid.

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