Do you receive interest on Peercoin if you use an online wallet?

4

I know Peercoin is proof-of-stake, but if I use an online wallet, will I receive any of the coins generated for my stake? Or do I have to have to download a desktop wallet?

lorentzfactor

Posted 2015-07-30T22:21:00.890

Reputation: 143

Do you have a particular online wallet in mind? Different ones might work in different ways. – Nate Eldredge – 2015-07-31T02:06:20.013

Related: http://bitcoin.stackexchange.com/q/36205/18196

– morsecoder – 2015-07-31T11:17:31.233

@Nate Eldredge, no, I don't have a specific one in mind, I was more wondering if there are any which are definitely known to give you the peercoins you've staked. – lorentzfactor – 2015-08-02T21:39:58.100

Answers

5

If it is a web wallet that holds your private keys, then it is certainly possible that the service is staking your coins for you, but this may or may not be a feature that the developers of the particular web wallet have implemented. It is also possible that the web wallet creators take the stake as a payment for their service, which I hope the service would be transparent about.

If the web wallet is a watch-only wallet, then it cannot stake for you. [1]

morsecoder

Posted 2015-07-30T22:21:00.890

Reputation: 13 123