RE: How To Make Money With Cryptocurrency Proof Of Stake Coins

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How To Make Money With Cryptocurrency Proof Of Stake Coins

in cryptocurrency •  7 years ago 

If I buy a PoS coin on Cryptopia and leave it on the exchange, will it automatically mint new coins for me there?
Sorry for my ignorance but I'm new to PoS coins.
Thank you.

cryptocurrency
7 years ago by

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      ·  7 years ago 

    No, it won't. In most cases you need to transfer the coins to the official wallet for staking.

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        ·  7 years ago 

      Thank you for explaining this. I have found a few exchanges that allow staking on some coins but they don't look all that great.

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        ·  7 years ago 

      Yeah, I would not recommend leaving a large number of coins on an exchange anyway. If the exchange disappears you could be out a LOT of coins with no backup!

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