U.S. Custodial Staking vs. Non-Custodial Option
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@Taylor said in U.S. Custodial Staking vs. Non-Custodial Option:
Since U.S. custodial staking means I hand over my crypto and risk SEC issues, should I really use it for rewards? Or should I switch to a non-custodial option where I maintain control, even if it means taking on more personal responsibility?
In the U.S., custodial staking offers convenience but comes with the risk of losing key control. Non-custodial staking allows for full ownership of assets, requiring greater responsibility. Many prefer non-custodial options for long-term security and independence, prioritizing privacy and safety over ease of use.
Pro Tip for Staking
If you want to stake Solana (SOL) or Ethereum (ETH), you can use Ledger or Trezor with wallets like Phantom or MetaMask. Connect your hardware wallet to these apps for secure cold storage and better staking options.
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@Kaile said in U.S. Custodial Staking vs. Non-Custodial Option:
In the U.S., custodial staking offers convenience but comes with the risk of losing key control. Non-custodial staking allows for full ownership of assets, requiring greater responsibility. Many prefer non-custodial options for long-term security and independence, prioritizing privacy and safety over ease of use.
Custodial staking may be easy to understand, but it does involve trusting an exchange with your private keys. Non-custodial staking gives me full control but adds technical complexity. How do I actually decide which trade-off fits my risk tolerance? Is the peace of mind of "my keys, my crypto" worth the stress of being my own IT department?