Staking: Get rewarded for simply holding coins and tokens in your account Trading isn’t the only way to earn from crypto. You can also try out staking — an easy way to earn by doing virtually nothing. Intrigued? What and how can you stake on CEX.IO? Staking is already available for six cryptocurrencies: NEO, ONT, TRON, MHC, ATOM, and XTZ. To participate, simply buy stakeable crypto on CEX.IO or deposit it to your CEX.IO account. Your staking reward will be added to your balance automatically. No additional actions are required.? Why stake with CEX.IO? CEX don’t lock your funds during staking. You always remain in full control of your money. Start staking today and let your holdings work for you! #1 What is staking coins? Put
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Staking: Get rewarded for simply holding coins and tokens in your account
Trading isn’t the only way to earn from crypto. You can also try out staking — an easy way to earn by doing virtually nothing. Intrigued?
What and how can you stake on CEX.IO?
Staking is already available for six cryptocurrencies: NEO, ONT, TRON, MHC, ATOM, and XTZ. To participate, simply buy stakeable crypto on CEX.IO or deposit it to your CEX.IO account. Your staking reward will be added to your balance automatically. No additional actions are required.?
Why stake with CEX.IO?
CEX don’t lock your funds during staking. You always remain in full control of your money. Start staking today and let your holdings work for you!
#1 What is staking coins?
Put simply, staking is holding funds in a cryptocurrency wallet to maintain a blockchain network’s operations.
#2 How to participate in CEX staking?
To start participating in staking, you just need to buy supported staking crypto on CEX.IO or deposit it to your CEX.IO account. Your staking reward will be added to your balance automatically. No additional actions are required.
#3 Can I trade while staking?
Yes, you can trade your Proof of Stake coins. Your reward will be calculated as long as these coins sit in your CEX.IO account, even if you place an order. However, once your order is fulfilled, the amount of staked coins will change, and your rewards will change accordingly.
#4 What is Proof of Stake?
Proof of Stake (PoS) is a consensus mechanism. Unlike Proof of Work, in which miners solve equations to mine coins, with PoS validators “stake” coins in exchange for the right to validate blocks on a network. After new blocks are produced, the validators receive a reward. The advantage of PoS consensus is that it requires less computing power to mine coins and also gives PoS validators another source of income.
#5 How does CEX.IO calculate and send rewards?
Rewards are calculated every hour and are sent to your account once a month. In the future, we’ll work on increasing the frequency of payouts. If you hold coins less than a month, your reward will still be calculated for the period you held the coins in question.