By participating in the staking pool and holding their cryptocurrencies there, the crypto exchange users can stake their coins.
The exchange owners can use this for a variety of things and earn profits, and in exchange, the customers will earn rewards and interest for retaining their cryptocurrency.
The withdrawal fee is applicable for those who withdraw their cryptocurrency or fiat currency, a percentage of the withdrawal fee is deducted from the withdrawal.
Especially in a crypto exchange platform like Binance, withdrawal fees are one of the major contributors to the revenue it generates.
AP attempts to locate her were unsuccessful. Sixteen other associates were also charged, including Diaz Zerpa, dos Santos' 38-year-old wife, who left the country weeks before the raid and is believed to be in Florida, according to authorities.
They say she withdrew more than 4,300 bitcoins worth $185 million (1 billion reais).
Police say dos Santos began trading in Bitcoin after leaving his job as a waiter in 2014.
A one-time evangelical preacher in training, he enlisted clients from the Universal Church of the Kingdom of God, Brazil´s largest neo-Pentecostal group, who earned a referral fee for bringing in fresh recruits and kicking back money to G.A.S., police documents say.
The detainees told police they worked for G.A.S.
Consulting & Technology, a cryptocurrency investment firm founded by a former waiter-turned-multimillionaire who is the central figure in what is alleged to be one of Brazil´s biggest-ever pyramid schemes.
In recent times, the number of cryptocurrencies is drastically increasing, so there will always have a demand for cryptocurrencies and listing them in the crypto exchanges.
For listing those cryptocurrencies, a fee amount is required, which is what we call listing fees.
By this, the exchange owner as well as the user benefits from it.
A user can refer to the exchange platform for others with their referral code, and this enables the user to earn referral rewards.
G.A.S Consulting & Technology, a cryptocurrency investment firm founded by Glaidson Acacio dos Santos, a former waiter-turned-multimillionaire who is the central figure in what is alleged to be one of Brazil's biggest-ever pyramid schemes, was based in the beach town dos Santos called home. (AP Photo/Bruna Prado)" class="blkBorder img-share" style="max-width:100%" />
Beachgoers congregate on Fort Beach in Cabo Frio, Brazil, Wednesday, Dec.