Don’t stake your ADA with Coinbase! (Urgent Warning)

There is an urgent warning: don't stake your ADA with Coinbase! Multiple reasons for this include loss of staking rewards, mass centralization of ADA coin across Coinbase's control, and loss of an amazing defi ecosystem.
They always say, "not your keys not your crypto", and in this case, that's true. The Cardano blockchain is resilient, and aiming to become more and more decentralized. This only happens when you do your part by removing your Cardano ADA from Coinbase and similar exchanges.
✝️ "Who of you by worrying can add a single hour to your life? Since you cannot do this very little thing, why do you worry about the rest?" Luke 12:25-26
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Threads: www.threads.net/@ddawsonallen...

[@christianweber9753]

Thanks for the content. I will have a look for the wallets you are using.

[@dawsonallen]

There’s a bunch people use: Nami, Eternl, Vesper, Typhon to name a few

[@---rg1gb]

Keep up the Cardano content!

[@dawsonallen]

Will do!

[@Spoon819]

Thanks for the information. I am late in seeing this content, but better late than never right. Question: What do you think about staking on EToro?

[@dawsonallen]

If you’re staking ADA I would just do it in your own wallet. You will make more ADA that way.

[@Spoon819]

@@dawsonallen Thanks!! :)

[@yambhandari2999]

Nice information thanks for updating, if you have your SPO? Name please...

[@dawsonallen]

I don’t run a stake pool but have used and recommend NOVA or VROOM or any number of single stake pool operators

[@humblebeats3391]

If you are in certain states . Can't even stake ADA on coinbase

[@garylang9977]

Another reason. If in California, the state does not allow the exchange to stake. Happened after the fiasco with Celsius and BlockFi lending.

[@dawsonallen]

Absolutely right!

[@drpaine7428]

I stake with "AOS" army of spies is a great channel and advocate for Cardano

[@dawsonallen]

Yes they are! Good choice

[@ablamill8357]

I just saw a video where SlumDOGE Millionaire (legend :D) was talking about him staking his 1million ADA bag.
He also reasoned that the secure liquid staking is the exact reason he is not really planning to sell any of it but
instead just to live off from the staking rewards.

[@dawsonallen]

Imagine having a million ADA bag haha that’s awesome. I think a lot of whales are thinking the same thing. A 2-3% return on a million ADA isn’t a bad deal

[@1titans]

​​@@dawsonallenThey are and they do. Which is why ADA can't hold a price as it goes up, they dump it back down

[@drpaine7428]

why would you.. hold on a hardware wallet and stake it yourself. I prefer Kraken to Coinbase..

[@dawsonallen]

What stake pool are you staking with?

[@drpaine7428]

AOS "Army of Spies" great channel and advocate for Cardano. @@dawsonallen

[@drpaine7428]

"AOS" army of spies is a great channel and advocate for Cardano @@dawsonallen

[@bendernx7]

AND what do you think Coinbase is doing with that ADA? Guarantee they are occasionally selling that extra ADA and influencing the price

[@dawsonallen]

😳😳

[@MilVetGaming]

Market manipulation, as usual.

[@1titans]

Coinbase wont let me transfer the ADA off.

[@dawsonallen]

Hmm I wonder why

[@1titans]

@@dawsonallen I see what it is. They have me at a ridiculously low crypto transfer limit. Should have stayed on Kraken

[@idontleavelikesileavecomme655]

2% not 1

[@dawsonallen]

Some SPOs make 4% so that’s totally possible

[@rharris0820rh]

Duh. Took everything off of CB.