Staking

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 are usually locked for as long as a validator participates in consensus. However, with CEX.IO, you can trade your staked coins. Your reward will be calculated as long as these coins sit in your CEX.IO account, even if you place an order. Currently, rewards are calculated every hour and are sent to your account once a month.

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