Staking is holding funds in a cryptocurrency wallet to maintain a blockchain network’s operations. It allows you to receive rewards by letting your coins work for you and increase your earnings while they remain in your account.
Staking is closely related to Proof of Stake (PoS) consensus, which entails producing and validating new blocks through staking instead of mining. The advantage of PoS consensus is that it requires less computing power than Proof of Work.
Staked coins on CEX.IO are locked for as long as a validator participates in consensus. Your reward will be calculated as long as these coins sit in your CEX.IO account Staking balance. Rewards are currently calculated and credited to your account on a daily basis.
The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.
CEX.IO Corp. is not a registered broker-dealer or FINRA member. Crypto is not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC).
Taxes may be payable on any return and/or on any increase in the value of your digital assets and you should seek independent advice on your tax obligations.