Get Rewarded For Holding Coins And Tokens In Your Account Staking

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CEX.IO was one of the first platforms to make fiat-to-crypto transactions accessible by offering card payments and bank transfers to the clients. We place a great effort into developing and maintaining robust relationships with dozens of reputable banks across the key markets.

Currently, it provide a rich variety of trading tools for Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, Tron, and other crypto assets. You can trade these cryptocurrencies for USD, EUR, GBP, and RUB.

The company knows that mobility matters, so we’ve enabled trading through a website, iOS and Android mobile apps, WebSocket, and REST API.

CEX.IO is a team of over 250 professionals working in several offices around the world: in the United Kingdom of Great Britain and Northern Ireland, United States of America, Ukraine, Cyprus, and Gibraltar. Our geographical expansion to new markets is backed by our regulatory accomplishments and development of new services for specific audiences.

Over the last few years, CEX.IO has grown into a group of companies with licenses in multiple jurisdictions. CEX.IO LTD has been registered as Money Services Businesses (MSB) with the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury.

CEX.IO Limited received a Distributed Ledger Technology (DLT) license issued by the Gibraltar Financial Services Commission (GFSC). CEX.IO Corp. has obtained Money Transmitter Licenses (MTLs) in 31 US states, and keep on working on covering more.

CEX.IO LTD has applied for a Digital payment token service license with the Monetary Authority of Singapore.

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CEX.IO continue to build new services and improve upon existing ones. Earning your trust is always on our mind. Throughout our company’s history, effective and trustworthy collaboration with regulators has always been a top priority. Our teams are constantly working to maintain our compliance with evolving regulatory requirements and financial industry standards.

CEX.IO is also a founding member of CryptoUK, an association aimed at building cooperation between the major cryptocurrency players and regulatory authorities in the UK, with the goal of developing an appropriate operating framework for cryptocurrency businesses.

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How to Get rewarded for simply holding coins and tokens in your account
Staking


CEX.IO Staking: Get rewarded for simply holding coins and tokens in your account
Staking allows you to receive rewards by just keeping coins and tokens in your account. By staking your coins, you let them work for you and increase your earnings while they’re sitting in your account.

What is staking coins?


Put simply, staking is holding funds in a cryptocurrency wallet to maintain a blockchain network’s operations.


How to participate in CEX.IO 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.


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.


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.


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.

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