Yes FEX does Pay Stakes when you Stake Crypto!
This article will cover everything you need to know about staking crypto and how you can earn passive income inside of your FEX wallet!
How is it possible to make passive income with crypto?
With the introduction of the Proof of Stake consensus model which is the alternate mechanism to the Proof of Work model that allows transactions to be approved.
The Proof of Stake model allows you to hold crypto and in most cases “delegate” it as resources to the given network to uphold and help the network, and as a result you get a bit of a reward.
Each crypto is independent so your calculated rewards, how often you receive rewards, and how to claim your rewards will be slightly different.
So here is an article to see exactly how you can make some extra money while you sleep!
How can I stake inside of FEX?
Staking inside of FEX is as simple as finding the crypto you want to stake and start earning rewards!
Each crypto works differently, so please have a read through the below options to see which crypto you would like to start earning rewards.
| Algorand (ALGO) | Rewards are paid out in ALGO. Algorand does not require you to lock up any amount, simply by holding ALGO in your FEX wallet you will earn passive rewards on that balance. Learn more about Algorand (ALGO) here. |
| Cardano (ADA) | Rewards are paid out in ADA. Cardano does require you to choose to start staking, however you simply choose to stake your address or not. What this means is that you never have funds locked, you can use your Cardano wallet as you wish, you will just earn rewards based on the balance in the wallet at a given time. Just make sure to start staking your Cardano address! Learn more about Cardano (ADA) here. |
| Cosmos (ATOM) | Rewards are paid out in ATOM. With Cosmos, staking means you agree to lock up an amount of your ATOM that you choose for a certain period of time, during which they are unspendable. However, you can unlock your ATOM whenever you choose. Learn more about Cosmos (ATOM) here. |
| ONT/ONG | Rewards are paid out in ONG. With Ontology, staking means you agree to lock up an amount of your ONT that you choose for a certain period of time, during which they are unspendable. However, you can unlock your ONT whenever you choose. Learn more about ONT and ONG here. |
| NEO/GAS | By holding NEO, you receive rewards in GAS. NEO does not require you to lock up any amount, simply by holding NEO in your FEX wallet you will earn passive rewards in GAS on that balance. Learn more about NEO and GAS here. |
| Solana (SOL) | Rewards are paid out in SOL. With Solana, staking means you agree to lock up an amount of your SOL that you choose for a certain period of time, during which they are unspendable. However, you can unlock your SOL whenever you choose. Learn more about Solana (SOL) here. |
| Tezos (XTZ) | Rewards are paid out in XTZ. Tezos does require you to choose to start staking, however you simply choose to stake your address or not. What this means is that you never have funds locked, you can use your Tezos wallet as you wish, you will just earn rewards based on the balance in the wallet at a given time. Just make sure to start staking your Tezos address! Learn more about Tezos (XTZ) here. |
| VeChain/VeThor (VET/VTHO) | By holding VET, you will receive rewards in VTHO. VET does not require you to lock up any amount, simply by holding VET in your FEX wallet you will earn passive rewards in VTHO on that balance. Learn more about VeChain (VET) and VeThor (VTHO) here. |
Earn Rewards App
FEX now has a convenient way to keep track of all your assets that are generating you passive income! In this section we show you everything you need to know about the Rewards App.