# Should we encourage people to stake Mina outside exchanges and how ?
**URL:** https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512
**Category:** Idea
**Created:** [November 24, 2021, 11:12pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512 "2021-11-24T23:12:09Z")
**Posts on this page:** 14
**Page:** 1
### Author:  [@Syd](https://forums.minaprotocol.com/u/Syd)
#### Post date: [November 24, 2021, 11:12pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/1 "2021-11-24T23:12:09Z")
Do you even believe that it could become an issue ? Do you have experience on how other PoS projects “fight” against this tendancy of people staking coins on exchanges ?
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### Author:  [@Pete](https://forums.minaprotocol.com/u/Pete)
#### Post date: [November 24, 2021, 11:18pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/2 "2021-11-24T23:18:38Z")
It’s a good question. I think some people will always prefer to have their coins on an exchange, just because they perceive that to be less risky. Do you know if there is there a (simple) way to find out what % of people stake on exchanges V’s with node operators? Also where would you class someone like staketab or everstake?
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### Author:  [@lamps](https://forums.minaprotocol.com/u/lamps)
#### Post date: [November 24, 2021, 11:32pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/3 "2021-11-24T23:32:20Z")
a step in this direction would be for Ledger to approve Mina on Ledger Live I would think…
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### Author:  [@Pete](https://forums.minaprotocol.com/u/Pete)
#### Post date: [November 24, 2021, 11:40pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/4 "2021-11-24T23:40:21Z")
Do you know what their procedure is for adding compatibility for a cryptocurrency? Is it something we can encourage them to do or is it more from a technical level?
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### Author:  [@lamps](https://forums.minaprotocol.com/u/lamps)
#### Post date: [November 24, 2021, 11:41pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/5 "2021-11-24T23:41:41Z")
It’s an application-approve process. Mina dev (jspada) has submitted the application for months, but Ledger has been not been very respoonsive.
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### Author:  [@Pete](https://forums.minaprotocol.com/u/Pete)
#### Post date: [November 24, 2021, 11:47pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/6 "2021-11-24T23:47:15Z")
I wonder if they are responsive to community voices? I notice Ledger are having an event in Paris in Dec [https://twitter.com/Ledger/status/1463553375702765572](https://twitter.com/Ledger/status/1463553375702765572)
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### Author:  [@lamps](https://forums.minaprotocol.com/u/lamps)
#### Post date: [November 24, 2021, 11:48pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/7 "2021-11-24T23:48:25Z")
shall we barge in? 🤣
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### Author:  [@EmrePiconbello](https://forums.minaprotocol.com/u/EmrePiconbello)
#### Post date: [November 25, 2021, 11:55am UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/8 "2021-11-25T11:55:55Z")
There is no way we can achieve it at the moment. The market keeps getting bigger. New blood keeps joining in. The majority of these groups heavily hold their holdings in exchanges. The way outside the exchanges is another custody service with a very simple streamlined process with extra benefits. This creates another centralized point so I don’t see it happening 🙂
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### Author:  [@Pete](https://forums.minaprotocol.com/u/Pete)
#### Post date: [November 25, 2021, 9:20pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/9 "2021-11-25T21:20:14Z")
No, although Paris is lovely this time of year! 😀 I just wondered if there is currently an active communication happening between Ledger and MF?
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### Author:  [@ivandiazperez](https://forums.minaprotocol.com/u/ivandiazperez)
#### Post date: [November 27, 2021, 6:01pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/10 "2021-11-27T18:01:53Z")
Hi Syd, I have no doubt there since, it is those who made wallets that help in delegating outside of exchanges that have helped mina to grow. Maybe we could gather with the community and press ledger as a group to make them accelerate the approval.
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### Author:  [@Trivo](https://forums.minaprotocol.com/u/Trivo)
#### Post date: [November 27, 2021, 6:23pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/11 "2021-11-27T18:23:38Z")
Giving new users the possibility to own their coins themselves, aka using an easy, secure and user friendly wallet, will help the project succeed in the long term. The more people actually participate in the network the more benefits the entire community will have. TrustWallet integration will boost that even more, which is great. But having an official ledger app will give users more security as well
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### Author:  [@Makalfo](https://forums.minaprotocol.com/u/Makalfo)
#### Post date: [December 9, 2021, 3:37am UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/12 "2021-12-09T03:37:45Z")
I actually think that having a reason to hold them outside of the exchange would be the largest driver. An example of this is having SNAPPs which people want to use 🙂
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### Author:  [@Cheve81](https://forums.minaprotocol.com/u/Cheve81)
#### Post date: [December 9, 2021, 8:57am UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/13 "2021-12-09T08:57:13Z")
One thing that make me mad everyday is when I see Binance wallet with all their users tokens and they don’t give any stake option.
I understand how important is to be on Binance, but is there any chance to ask them to make stake avaiable for their users? I have 99% on Auro just kept there 50 or so cause they put users a 0.5 mina fee on withdraw even when they make the tx wih 0.02, but they have millions of users tokens there earning lots of stake only for them
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### Author:  [@Al3c5](https://forums.minaprotocol.com/u/Al3c5)
#### Post date: [January 24, 2022, 2:18pm UTC](https://forums.minaprotocol.com/t/should-we-encourage-people-to-stake-mina-outside-exchanges-and-how/4512/14 "2022-01-24T14:18:49Z")
In my opinion, any project that cares about decentralization should promote non-custodian HODLing/staking.
MF delegation enforces hi-uptime and good behaviors on the validators’ side. And, there is also a rule that limits concentration.
Why not encourage holders to delegate to them…
Also, Polkdot enforces decentralization at the protocol level. I think that PoS blockchains need such a mechanism. There are proposals about it here: [Long Term Decentralisation ideas? - #19 by TauLepton](https://forums.minaprotocol.com/t/long-term-decentralisation-ideas/4683/19)