Bitcoin recently has soared higher, moving between $55k and $60k. This is because institutions are investing more in bitcoin. In this post, I will be showing you how to invest in crypto and make passive income, and also how to stake your crypto coins.
Our focus will be on a crypto website called Cex.io, which has been in the crypto game since 2013 and has enabled its users to purchase cryptocurrencies using visa/master cards, Domestic Transfers, International Bank Transfers, Skrill, Advcash, and Epay.
Cex.io Deposit methods
Requirements
To create a Cex.io account, you will
need the following:
- An email address to receive and verify the account.
- A means of identification to enable you to buy and selling crypto.
- Address verification document, if you want to increase your daily limit for deposits and withdrawals.
- 2 Factor Authentication(2FA) app like Authy, Google Authenticator, or Microsoft Authenticator, for extra security.
- A mobile number for OTP, you would like to use that.
Account Creation
Head to cex.io and create an account, fill in all required information and submit. You should receive an email containing a link to verify your email account. After that, you can download the mobile app to continue, with verification and deposit or you can do that in the browser by clicking on your name at the top right corner of the page and clicking on Verification. Note that if you are using the browser you have to use google chrome or firefox browsers as those are the only supported browsers for the verification process. From the mobile app you have to click on the profile icon on the bottom right, then click on verification.
After going through your verification successfully, you can now deposit cash to your cex.io account with the method of payment you are comfortable with. And from your cex.io USD or any of the fiat account balance, you can buy and exchange your USD for crypto or buy directly with your card instead of depositing first.
When you are done with the above, you need to understand which cryptocurrencies to buy, when to buy and when to sell your cryptocurrencies.
There are ways to earn on cex.io, by staking and by trading. Trading is when you buy crypto and sell the crypto later on to make a profit. In cex.io there are specific cryptos you can buy and hold and earn monthly interest on it. But you should note that there is a minimum amount you have to hold before you start receiving interest on that crypto. The table below shows the interest rate from CEX.IO Earn at the time of writing.
Name Interest(%)
When you buy and hold more than the minimum amount for any of the crypto listed above, you get the interest associated with it. and this interest is paid in the same crypto to your wallet.
Summary
There are several crypto earning platforms out there but cex.io is one of the best. I have three top crypto platforms for earning and in the next blog, we would be talking about the next one and how to use it with your cex.io account.
Usefull Links
Cex.io - Cex.io
Cex.io Staking - CEX.IO Earn
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