Leading Indian Cryptocurrency Exchanger, CoinDCX has introduced crypto staking feature from 7th August’2020 aiming to help users make passive income by holding on to their crypto-assets.

The liquid staking feature is available on specific tokens & is open for all traders with no technical knowledge. This feature has been specifically developed for such users who HODL cryptocurrencies on wallets or have money to buy but with no time to trade or earn more from them.

As is being explained in their blog, “We will be following a liquid staking mechanism where users do not have to lock their funds to earn staking rewards on CoinDCX and funds remain free to trade. This is the easiest way to stake and earn competitive/best yields globally. Since funds are not locked, users on our platform can Stake as they trade.”

Presently the staking feature is available for only three coins: ONE, QTUM and TRX with more to be added in future soon.

All users staking with CoinDCX should be able to hold a certain minimum balance of these cryptocurrencies and the same varies for each coin. For one to stake these coins the users simply need to deposit these 3 coins or buy those from the CoinDCX platform.

The Blog further added, “These cryptos are not locked for staking and can be traded on CoinDCX or sent to other wallets as and when users wish to do so. While income earned for staking is sent on a monthly basis, we calculate your funds in the staking wallet by taking snapshots of it every 24 hours. Staking with Stake is that simple and easy!”

The best part in all this is the users do not have to maintain a high minimum balance to get income and they can withdraw their funds when they wish to without any transaction fees!

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