With crypto staking, you are able to make a small passive income from the crypto in your vault.
In order for the blockchain to work properly, transactions have to be verified. For this, many chains use staked coins. So, you lend out your coins to support the functioning of the blockchain you are investing in. In return you receive a small renumeration called 'staking rewards'.
Crypto staking at BLOX is easily done through the BLOX trading app or the web portal. Go to the 'Staking' tab, and read the information carefully. After this you will enter staking-menu.
Staking can be easily activated following this FAQ-page.
Have you activated staking? Then all of your credit will be used for this. At BLOX, your coins are not 'fixed' (as they are at other exchanges) and you can continue to trade them at any time as usual. The only thing that happens in that case is that the amount of your return changes along with the amount of your crypto holdings.
The return you earn on your crypto is paid out weekly on Monday. You can see the interest you earn per coin in the menu. Easy money right? 🤑