I really rate AssetDash, tracks crypto and NFT’s. Works spot on 👌
I really rate AssetDash, tracks crypto and NFT’s. Works spot on 👌
Firstly, ignore any DM’s you receive offering to help, these will all be scam/social engineering attempts.
When you say you have a Solana wallet with Coinbase, is this Coinbase own defi wallet or Coinbase exchange? If it’s the defi wallet then SPL tokens are supported and therefore should be accessible (which leads me to believe you are talking about the exchange but thought best to clarify). If it is the defi wallet then it could be worth trying to import your wallet into the likes of Solflare/Phantom using the seed phrase.
For Phantom see here: https://phantom.app/learn/blog/import-and-manage-multiple-wallets-with-phantom
For Solflare see here: https://academy.solflare.com/guides/how-to-import-your-solana-wallet-into-solflare-using-a-private-key/
If however, they have been sent to your exchange wallet, then they will not be accessible. The only thing you can try, is to contact Coinbase themselves, some exchanges are sometimes able to assist in these scenarios but usually there is a fee involved, but each exchange operates differently so may not be the case, just a suggestion.
They look like a good validator too, pretty sure I’ve seen the operator pretty active in the Solana Tech discord which is always a good sign.
Great idea!
Validator airdrops aren’t really a thing, although some offer different incentives. Any NFT that claims x validator is doing an airdrop etc is usually a scam. Liquid staking is more likely to receive/be eligible for airdrops which is usually in the form of the staking providers own token.
Solana compass is a great validator but would avoid DimAn as they are on the poor performers list as can be seen here https://stakeview.app/poor.html
u/Cogent_Crypto are another really good validator as well as Overclock.
All brilliant community independent validators. Great choice! 👌
By splitting your stake you are helping with decentralization and minimizing your own risk should one become delinquent, although, the likelihood of that actually happening with any of them 3 is extremely low given their excellent standing and reputation within the community/ecosystem. All 3 contribute significantly to Solana and are ran by people who actually care for the network.
u/Cogent_Crypto are worthy of a shoutout, awesome community validator who are very active within the community and ecosystem. Have created several useful tools and guides etc and are super easy to reach out to if have have any questions. They also have an active discord.
Cogent Crypto actually wrote a really good comprehensive staking guide which you may find useful if you haven’t already checked it out https://medium.com/@Cogent_Crypto/solana-staking-guide-part-1-6a6a85f07b56
StakeWiz.com and stakeview.app are good places to check for validators, usually advised to pick one outside of the superminority to help with decentralization and avoid anyone on this list https://stakeview.app/poor.html
Overclock & Juicy Steak are also great community validators.
7% inflation… Where you getting that from?
SOL inflation is currently actually 5.674% and will continue to decrease in line with Solana’s inflation schedule https://docs.solana.com/inflation/inflation_schedule
If you are staking, you aren’t being diluted by inflation. Only if you are not staking are you being diluted.
7% inflation… Where you getting that from?
SOL inflation is currently actually 5.674%
If you are staking, you aren’t being diluted by inflation. Only if you are not staking are you being diluted.
As mentioned Exodus as a wallet is a safe non-custodial wallet.
However, if you are looking to stake your SOL, it is worth noting that Exodus only uses a single validator (Everstake) who are currently the 8th largest node by stake weight (in the superminority). This really isn’t great for the decentralization of the network.
Solflare/Phantom are much better options for this reason, giving you the freedom to stake with one of the 2000+ independent validators.
It’s recommended to avoid staking with anyone on this list https://stakeview.app/poor.html and ideally outside of the Superminority.
If you are referring to Staking and holding crypto on Coinbase exchange, then it is seriously not recommended.
Firstly it’s custodial. The exchange holds your private keys and therefore the assets you hold/stake on there are in the exchanges complete control. Exchanges are known to suspend/pause withdrawals during high volatility events leaving you without access.
Secondly it harms decentralization of the network - Coinbase has a very high concentration of stake already, in fact they are the largest node by stake weight (in the superminority).
Much better to use a non-custodial wallet such as Phantom/Solflare and stake to validator/s of your own choice.
Would recommend to give u/Cogent_Crypto staking guide a read https://medium.com/@Cogent_Crypto/solana-staking-guide-part-1-6a6a85f07b56
StakeWiz is a great tool to checkout metrics of validators and avoid staking with anyone on this list https://stakeview.app/poor.html
A Ledger isn’t considered a hot wallet although there were recent concerns, and rightly so, about an optional feature they were releasing called “Ledger Recover” which if the user Opt’s-In to will backup and encrypt your seed phrase, splitting it into 3 fragments and storing it with 3 backup providers. The concerns around this were how Ledger had marketed that the seed phrase generated and stored on the secure element could never be exposed online, of which such backup mechanism contradicts. Can learn more about Ledger Recover here: https://www.ledger.com/academy/what-is-ledger-recover
With that mentioned, I personally believe Ledger is still a far safer tool to protect your private keys than any hot wallet, as long as don’t opt in to the recovery service.
The way hardware wallets work is that they generate and store your private keys offline, which is what makes them known as cold storage. A common misunderstanding is that your crypto is stored directly in wallets, this isn’t the case, your crypto is held on the blockchain, but your private keys that are paramount to accessing your assets on the blockchain are stored in the wallet, whether that be hot or cold.
Wallets such as Phantom/Solflare including Ledger Live simply act as a user interface to access the blockchain.
A hardware wallet connected to Phantom etc still keeps your private keys offline (as long as you follow the correct procedures to “connect/add” the hardware wallet - you should never “import” your hardware wallet into Phantom as this would then make it a hot wallet as keys would be exposed therefore compromising the security of it.)
Using an exchange to store/stake your assets on isn’t recommended for the simple yet important reason that they have custody of your private keys, meaning they have full control over your crypto. FTX is a perfect but very unfortunate example of why this is a bad idea amongst many other reasons… Exchanges also have been known to pause/suspend withdrawals etc.
Stake in a non-custodial wallet like Phantom/Solflare.
Can use StakeWiz.com to check validators.
It’s good to split your stake between validators but Cogent Crypto are worthy of a shout out here as a potential for one, always active in the community, easy to reach out too, have created several tools/ guides as well as generally being a high performing and very reliable node.
You just use your wallet public address to receive any SPL token. It’s the same address for all tokens that you are receiving.