How can I earn more ADA coins while holding ADA in my wallet
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Which wallet are you holding your ADA
You can earn more ADA by delegating your ADA to a staking pool directly from your wallet without giving up custody of your coins.
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Don’t stake through Binance or Coinbase or another CEX. Move your ADA to your own personal wallet like Eternl or Lace or Yoroi or Gero and stake from inside your personal wallet. Choose and then delegate to a stake pool and then also choose a Drep. It doesn’t take a lot of time to do it.
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@Josaj Thank you, but let me ask a bit more. I’ve read on some forums that staking on a wallet instead CEX has differences in interest rates and is more decentralized, Is that true ?
Staking in your private wallet is more decentralized and will earn you a slightly higher interest rate than staking in a CEX. The CEX’s have enormous stake pools and they themselves are large corporations so they make Cardano more centralized. Every CEX is also a business and they have bills to pay so they will take a small portion of your staking rewards thus lowering your payout. You’ll most likely earn a little bit more staking yourself in your own Cardano wallet.