At CEX.IO, we repeatedly attempt to enhance our companies on your comfort. We’re at all times in contact with our neighborhood, and regardless of the wonderful alternatives obtainable on our platform, we really feel there’s at all times room for enchancment.
Our staking product is the proper resolution for crypto fanatics in search of a strategy to make their belongings work for them. By updating our staking product in mid-December, we are able to provide increased staking rewards for our customers, and in addition enhance your general staking expertise.
*Word: Stakers will mechanically stay on the present Automated Staking as soon as the brand new Staking service is launched in mid-December. For those who preserve stakeable belongings in your CEX.IO account with out transferring them to the brand new mannequin’s staking sub-account, your APY will probably be lowered by default. In different phrases, you’ll need to manually switch funds to the brand new staking sub-account to learn from increased staking rewards.
How does staking work on CEX.IO in the intervening time?
Our present staking mannequin (Automated Staking) doesn’t require any crypto expertise or technical information. This course of is easy and solely includes holding stakeable crypto cash in your CEX.IO stability. In different phrases, no extra actions are essential to earn staking rewards.
Subsequently, so long as “stake-able” cash are saved in your CEX.IO account, you’ll earn staking rewards. The very best half is that, based on our present mannequin, these rewards are mechanically distributed to your account stability on the finish of every month.
Because of this automated replenishment, your account stability will increase with every distributed staking reward. As the method continues, the rising stability additional empowers you to earn much more cash in subsequent staking durations.
Concurrently, even in case you are presently within the technique of buying and selling and your stake-able belongings are in open orders, we’ll proceed to rely them in Automated Staking and calculate rewards proportional to their worth.
For those who’re new to our platform and want to begin collaborating in staking, simply observe these easy steps:
Log into your CEX.IO account.Purchase or deposit crypto tokens you want to stake.After they seem in your account stability, your belongings will mechanically begin collaborating within the staking course of.
How does the replace have an effect on the present CEX.IO staking mannequin?
As a substitute of solely providing the Automated Staking possibility that’s obtainable now, the replace will diversify the staking alternatives obtainable to our customers. In doing so, it is possible for you to to decide on between two separate staking choices:
Automated Staking (present mannequin), andStaking (extra on this in a bit).
Staking, the brand new mannequin that we’re introducing in mid-December 2022, would require customers to switch their funds to a staking sub-account (which additionally stays versatile).
Nevertheless, there are three advantages to this new staking mannequin:
Profit 1: Funds staked in sub-accounts will generate rewards each day, whereas Automated stalking will proceed to calculate rewards hourly however credit score them month-to-month.
Profit 2: Staking will characteristic a better APY in comparison with automated staking whereas nonetheless protecting your belongings versatile.
Bonus Profit: All first time Staking individuals will obtain a big APY enhance of as much as 50%. Don’t miss out on this distinctive alternative.
