Algorand staking on Coinbase

post by axisv on Jan 9, 2021

Hello, I am new to Algorand community. My Algos are currently all in my Coinbase account. Are the staking rewards earned on Coinbase the same as if I transferred to my Algorand wallet?

post by fabrice on Jan 9, 2021

Currently, Coinbase takes a commission on the participation rewards: https://help.coinbase.com/en/coinbase/trading-and-funding/other/staking-on-coinbase / Section 5.4 of User Agreement - Coinbase

See also https://algorand.foundation/faq for more information about participation rewards.

post by axisv on Jan 9, 2021

Looks like I will be moving all Algo’s to my Algo wallet! Screw Coinbase.