I just began earning rewards on my FET tokens using a popular exchange platform that offers 2.79% annual returns. Since I’m new to this whole reward earning process, I picked this platform because it has a good reputation and seems trustworthy. However, I recently discovered that the ASI wallet also has reward earning features available. I’m curious about what platforms other people use for their FET tokens that are both secure and offer good returns. Where do most experienced users prefer to earn rewards on their FET holdings? I want to make sure I’m getting the best possible returns while keeping my tokens safe. Any recommendations would be really helpful since I’m still learning about all the different options out there.
I tried several platforms last year before switching from exchange staking to native staking through Keplr wallet. Haven’t looked back since. Returns are way higher - usually 10-14% depending on your validator choice, compared to what exchanges offer. The downside? It’s more complex and you’ve got that unbonding period Ethan talked about. If you go native, spend time picking your validator. I researched commission rates and uptime history before delegating. Some charge 5%, others hit 10% - that directly affects your returns. Exchange staking still makes sense for beginners though. The liquidity is huge - getting your tokens immediately vs waiting three weeks can make a real difference when markets move. Your 2.79% isn’t awful considering the convenience, but you can definitely do better once you’re ready for more advanced stuff.
Hey! Cool that you’re staking FET already - I’ve been thinking about it but haven’t started yet.
Have you checked what rates the ASI wallet offers compared to your 2.79%? Wondering if there’s much difference between platforms.
How often do rewards come in? Daily, weekly? And can you withdraw anytime or do you have to lock tokens for a set period?
Do different platforms have minimum staking amounts? Did you hit any requirements when you started?
What made you feel good about the security? I’m always nervous about exchanges vs wallets, so curious how you decided.
Thanks for posting this - makes me think I should do something with my FET instead of letting it sit there!
i’ve been staking fet on cosmostation and pulling 12-15% apy - way better than what exchanges offer. setup’s a bit tricky initially but totally worth it for those returns. just heads up, there’s a 21-day unbonding period so your tokens get locked up.