At CEX.IO, we constantly attempt to enhance our providers on your comfort. We’re all the time in contact with our group, and regardless of the wonderful alternatives out there on our platform, we really feel there’s all the time room for enchancment.
Our staking product is the proper resolution for crypto fanatics searching for a approach to make their property work for them. By updating our staking product in mid-December, we will supply increased staking rewards for our customers, and likewise enhance your total staking expertise.
*Word: Stakers will routinely stay on the present Automated Staking as soon as the brand new Staking service is launched in mid-December. For those who hold stakeable property in your CEX.IO account with out transferring them to the brand new mannequin’s staking sub-account, your APY shall be lowered by default. In different phrases, you will have to manually switch funds to the brand new staking sub-account to profit 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 data. This course of is simple and solely includes holding stakeable crypto cash in your CEX.IO steadiness. In different phrases, no extra actions are essential to earn staking rewards.
Due to this fact, so long as “stake-able” cash are saved in your CEX.IO account, you’ll earn staking rewards. The most effective half is that, in accordance with our present mannequin, these rewards are routinely distributed to your account steadiness on the finish of every month.
Because of this automated replenishment, your account steadiness will increase with every distributed staking reward. As the method continues, the rising steadiness additional empowers you to earn much more cash in subsequent staking durations.
Concurrently, even in case you are presently within the means of buying and selling and your stake-able property 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 wish to begin taking part in staking, simply observe these easy steps:
- Log into your CEX.IO account.
- Purchase or deposit crypto tokens you wish to stake.
- After they seem in your account steadiness, your property will routinely begin taking part within the staking course of.
How does the replace have an effect on the present CEX.IO staking mannequin?
As an alternative of solely providing the Automated Staking possibility that’s out there now, the replace will diversify the staking alternatives out there to our customers. In doing so, it is possible for you to to decide on between two separate staking choices:
- Automated Staking (present mannequin), and
- Staking (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).
Nonetheless, there are three advantages to this new staking mannequin:
Profit 1: Funds staked in sub-accounts will generate rewards day by day, whereas Automated stalking will proceed to calculate rewards hourly however credit score them month-to-month.
Profit 2: Staking will characteristic the next APY in comparison with automated staking whereas nonetheless conserving your property versatile.
Bonus Profit: All first time Staking contributors will obtain a big APY increase of as much as 50%. Don’t miss out on this distinctive alternative.
