CEX.IO Staking is supported for cryptocurrencies that use proof of stake (PoS) or similar consensus mechanisms (i.e. delegated proof of stake). Staking is an integral part of these blockchain networks. So the criterion of whether or not a token is suitable for staking depends on the blockchain network, not the platform.
What is staking in cryptocurrency?
Staking in cryptocurrency simply means committing crypto assets to support PoS-based blockchain networks. In return, users earn rewards for staking their assets. On CEX.IO, users can earn yield by just staking their idle coins with no lock-up period required.
What is Cex Io earn?
CEX.IO Earn is a service that empowers you to earn passive income through staking and lending cryptocurrencies. The CEX.IO Earn service resembles bank deposits, where you earn interest income over deposit time. You can start using CEX.IO Earn and withdraw your crypto rewards anytime.
What to do if your cryptocurrency portfolio doesn't support Cex Io staking?
If your cryptocurrency portfolio is full of cryptos that do not support CEX.IO Staking, you can exchange some assets for stake-able coins or just buy them for fiat money like USD, EUR, GBP, and RUB. Everything depends on the coin you want to buy or exchange your money to.
