As cryptocurrencies proceed to achieve mainstream adoption, many individuals are on the lookout for methods to hitch and profit from the market. Though day buying and selling is the commonest solution to earn a living with digital belongings, there are a lot of different money-making alternatives within the crypto area that customers can leverage in the event that they know the place to look.
As an illustration, customers might simply earn passive earnings on their idle crypto belongings through staking and saving as an alternative of going by way of the trouble of studying charts and monitoring market actions.
Sadly, whereas customers can stake their digital belongings on DeFi platforms, many individuals are usually not acquainted with the processes concerned as they are often too difficult, which consumes time and also can result in lack of funds.
Nevertheless, CEX.IO has streamlined the complete course of for customers, and anybody can earn passive earnings by merely holding their digital belongings on the platform.
What’s CEX.IO
CEX.IO is a regulated multi-functional cryptocurrency trade that gives customers entry to the digital asset market.
CEX.IO was launched in 2013 and has constructed an ecosystem that providers greater than 5 million prospects worldwide.
The trade helps greater than 100 digital currencies and tokens, together with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Uniswap (UNI), amongst others. The platform additionally has a fiat-to-crypto gateway that gives prospects card funds and financial institution transfers.
As well as, the trade supplies the mandatory instruments for crypto buying and selling, staking, and saving, which customers can entry by way of its web site and cellular apps.
CEX.IO is creating and sustaining sturdy relationships with a number of respected banks throughout key markets. Because of this, the platform can supply all kinds of fee strategies: Visa and Mastercard, financial institution transfers (SWIFT, SEPA), e-wallets (Skrill, Epay), ApplePay, GooglePay, and extra.
Options of CEX.IO
Regulatory Compliance
Utilizing a regulated trade provides prospects a measure of safety, and as such, CEX.IO focuses on regulatory compliance. The platform is at present regulated and licensed in all of the international locations it operates in. It’s registered with the U.S. FinCEN, Canada’s FINTRAC, and Gibraltar’s Monetary Companies Fee (GFSC) as a Cash Companies Enterprise (MSB) and a DLT supplier.
Safety
CEX.IO is anxious concerning the safety of customers’ funds. The trade holds a good portion of customers’ funds in chilly wallets and solely a small quantity in sizzling wallets.
The proportion of how a lot crypto is held in cold and warm wallets is decided by the quantity wanted to cowl day-to-day buying and selling actions on the trade. Even when there’s a compromise, person funds won’t be affected as they’re saved in chilly storage.
Buyer Service
CEX.IO attends to its customers’ complaints by way of its buyer assist system. Prospects on the trade can contact the group through stay chat, cellphone name, e mail, or the web assist middle.
Accessibility
Whereas some exchanges goal particular areas, CEX.IO adopts a world strategy to supply crypto providers to hundreds of thousands of individuals from completely different elements of the world.
CEX.IO boasts availability in 99% of nations throughout the globe. It has established its presence in 48 U.S. states.
Staking and Saving Crypto With CEX.IO
Except for providing crypto buying and selling providers to customers, CEX.IO has a bit for customers who want to earn passive earnings with out participating in day buying and selling. Crypto fans can save or stake their idle digital belongings on CEX.IO and earn rewards.
Financial savings
The trade permits customers to save lots of six crypto belongings in two sorts of financial savings plans – versatile financial savings and locked financial savings.
The versatile financial savings plan permits customers to save lots of 4 stablecoins – DAI, TUSD, USDC, and USDT. Customers can earn as much as 3% APY and withdraw their funds and curiosity at any time.
Though the locked financial savings plan is but to be launched, it can enable customers to save lots of bitcoin (BTC), ether (ETH), and USDT for a set interval (between 30 to 90 days). This plan provides greater APYs, and customers can earn as a lot as 20% when it lastly goes stay.
Staking
CEX.IO additionally provides staking services, with over $42 million staked on the platform.
Staking in cryptocurrency merely means committing crypto belongings to assist PoS-based blockchain networks. In return, customers earn rewards for staking their belongings.
On CEX.IO, customers can earn yield by simply staking their idle cash with no lock-up interval required. The trade permits prospects to stake 14 crypto belongings, together with Solana (SOL) and Avalanche (AVAX).
Staking on CEX.IO is computerized, that means customers simply must have stake-able tokens of their pockets, and the trade will deal with all of the technical steps concerned.
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