How To Stake On Crypto.com

Explore Crypto.com Earn, a popular cryptocurrency staking platform, offering users the chance to stake cryptocurrency or utilize CRO, Crypto.com’s native token, for attractive staking benefits.

This guide will delve into the details of Crypto.com Earn and the CRO staking methods, providing insights on how to stake and earn rewards on the platform.

Stake on Crypto.com
To stake on Crypto.com, first, open the app and access the “Staking” option in the menu. Choose the cryptocurrency you wish to stake and input the desired amount. After reviewing the staking details and agreeing to the terms and conditions, confirm your request by entering your passcode or using Face/Touch ID: Photo source (Forbes)

What Is Crypto Staking

Staking crypto means locking up your digital assets in a wallet for a set period, supporting blockchain security, and earning rewards.

Proof-of-Stake (PoS) blockchains let you validate transactions and earn by staking assets.

Validators, with enough tokens, participate in transaction verification, earning interest. PoS is eco-friendly and scalable, unlike Proof-of-Work.

You can stake through platforms like Crypto Earn without running a node.

Getting Started on Crypto.com

Crypto.com Exchange enables users to stake CRO and various cryptocurrencies for passive income.

It operates on Ethereum blockchain, using Proof-of-Stake for transaction verification.

To stake, download the Crypto.com app and follow these steps:

Step 1: Register an Account

Users must provide their full name and email address to register an account. Next, set up a secure password and verify your email.

After entering all the required information, follow on-screen instructions and click “Submit.” Once you’ve created an exchange account, you must deposit funds to begin staking.

Step 2: Deposit Funds

There are several ways to deposit funds into your Crypto.com exchange account. Users can connect their crypto wallet and deposit their crypto holdings into their accounts.

You can also deposit funds into your account using wire transfers in fiat currency or a master or visa card.

Crypto.com will pay the wire transfer fee on USD deposits. However, you must check with your bank to find out if there is any additional processing fee.

ACH Wire
Minimum Transfer $20 per transaction $1,000 per transaction
Maximum Limit – Daily $100,000 or 5 times per day $1,000,000 or 5 times per day
Maximum Limit – Monthly $1,000,000 or 30 times per month $10,000,000 or 30 times per month
USD Fiat Wallet Balance Max Limit 3-5 business days 1-2 business days
USD Fiat Wallet Balance Max Limit $10,000,000 $10,000,000
Eligibility 1. US users with U.S. Residential address (P.O boxes are not acceptable)
2. Social Security Number
1. US users with U.S. Residential address (P.O boxes are not acceptable)
2. Social Security Number
Requirement – USD transfers only
– Transfers from U.S based bank account
No third party transfers
USD transfers only
Transfers from U.S based bank account
Fee Crypto.com does not charge a fee for this service. Your bank may charge a separate fee.

Please check with your financial institution prior to initiating a transfer.

Crypto.com does not charge a fee for this service. Your bank may charge a separate fee.

Please check with your financial institution prior to initiating a transfer.

USD Deposit Methods on Crypto.com

You must then purchase the minimum staking quantity for the crypto you want to stake.

Crypto.com Staking

Follow the steps highlighted below to start staking:

  1. On the Crypto.com app taskbar, click “Accounts,” then “Crypto Earn.”
  2. Click “Start Earning Now.”
  3. Select the crypto you want to stake from the list and your desired staking term length.
  4. Enter the staking amount, then click “Deposit.”
  5. Check the details and “Confirm.”
  6. Lastly, enter your password.

Crypto Earn

Crypto.com Earn lets you stake 40+ cryptocurrencies like MATIC, MANA, DOT, LTC, etc.

Earn interest even with non-PoS cryptos like Bitcoin and Ethereum, though PoS tokens offer higher rates (e.g., up to 12.5% APY for DOT).

Rewards depend on staking period, CRO tokens, and USD value. Use the Earn calculator to check potential earnings.

Additionally, the amount you can stake depends if you own a Crypto.com Visa card; for example, the Obsidian card of the highest tier allows you to stake $400,000.

Crypto.com CEO Kris Marszalek has recently announced that they “will offer a more balanced approach: 8% APY for Private Members (Obsidian, Icy White, and Frosted Rose Gold) 4% APY for Royal Indigo and Jade Green card holders.”

CRO Staking

Cronos (CRO) is Crypto.com’s utility token on Cronos Chain.

Staking CRO offers benefits like premium Visa card access, cashback, tier-based APR up to 8%, zero maker fees, and boosted returns on other cryptos.

Staking more CRO increases yields. CRO staking also improves APYs in Crypto Earn, with 10% APR for 5,000 CRO and above, distributed daily over 180 days.

Existing stakes (before June 1, 2022) maintain the 10%/12% rate until the staking period ends; new rates (4%/8%) apply after maturity or any staking activity.

The minimum deposit amount for staking is 1,000 CRO.

If you wish to stake more, you can top up your amount with another 1,000 CRO, or more, without waiting 180 days.

The process takes a few seconds only.

CRO Staked Maker Fee Benefit Taker Fee Benefit Interest APR Syndicate Pay Benefits
≥ 1,000 3% off 3% off 0%
≥ 5,000 5% off 5% off 0% ✔️
≥ 10,000 8% off 8% off 0% ✔️ ✔️
≥ 50,000 Zero 12% off 4% ✔️ ✔️
≥ 100,000 0.01 bps Rebate 15% off 4% ✔️ ✔️
≥ 500,000 0.02 bps Rebate 20% off 8% ✔️ ✔️
≥ 1,000,000 0.05 bps Rebate 25% off 8% ✔️ ✔️
≥ 5,000,000 0.10 bps Rebate 30% off 8% ✔️ ✔️
CRO Staking Benefits

The amount added to your staked CRO will restart the timer for another 180 days.

To receive interest, a minimum of 5,000 CRO is required.

Once you have enough CRO tokens, follow the steps below:
  • Log in to Crypto.com Exchange
  • Navigate to Stake & Earn and then to CRO Staking
  • Click Stake CRO Now and enter the amount you wish to stake
  • Click Review Staking, and, once you’ve decided to start staking, select Confirm
  • Upon confirmation, you’ll see the CRO amount staked and the remaining days until it can be withdrawn.

Note: CRO Staking lasts 180 days, and your staked amount can only be fully withdrawn once the period is over.

Staking CRO in the Crypto.com App

Once you have enough CRO tokens in your Crypto.com App for your selected Crypto.com Visa card:

  • Navigate to the Card page (bottom-right corner of the app)
  • Select your desired Crypto.com Visa card
  • Tap the Stake CRO button and follow the on-screen instructions.

Soft Staking

Crypto.com’s “Soft Staking” allows earning interest by holding funds in the Exchange wallet without locking assets, providing flexibility.

It offers lower rewards (0.25-2%) compared to fixed and flexible staking.

There’s a $100,000 limit and a minimum balance requirement of 1,350 CRO.

Enable Soft Staking in the Stake & Earn section on your account.

Staking Risks and Rewards

It’s essential to weigh the pros and cons of staking CRO and other assets before making an investment decision.

So, let’s take a look at the principal risks and rewards.

Rewards

Here are several key advantages of staking CRO and other digital assets on Crytpo.com:

  • Staking Generates Passive Income
    While storing crypto in a cold wallet is a valid option, it makes more sense for some traders to stake their crypto holdings to start earning rewards.
  • Quick and Straightforward
    Staking is a quick and straightforward process. The starting amount can also be relatively small if a trader enters a staking pool instead of being a sole validator.

Risks

  • Crypto prices are highly volatile, and price fluctuations could erase your rewards and even lead to a loss of all staked digital assets. Using a crypto portfolio tracker, such as the CoinStats portfolio tracker, will help you keep up with the changing prices.
  • Typically, coins with small market caps offer higher APYs but also have higher volatility. In other words, while staking smaller cryptocurrencies, you adopt a high-risk/high-reward strategy that might not be acceptable for all traders.
  • The staking process requires locking your funds for a certain period. If the asset depreciates during this time, you won’t be able to repair the damage.
  • Delegators are at risk of slashing in case of security or liveness faults on some protocols. So, it’s highly recommended to do your due diligence before choosing a validator.

FAQ

Can I Unstake CRO Ahead of the 180 Days

CRO staking can’t be withdrawn for 180 days. Afterward, use your app’s CRO wallet and tap “Unstake.”

What Is the Annual Percentage Yield (APY), and How Is It Calculated

Annual Percentage Yield (APY) is the annual reward percentage for staking. APY varies by network, crypto, staking period, and amount.

Where Can I See My Earnings From Both CRO Staking and Soft Staking

Find your daily earnings for CRO and Soft Staking in the Stake & Earn section under Earnings History.

Conclusion

Staking on Crypto.com allows you to earn interest on your crypto holdings. It’s easy, with displayed APYs on the app and website.

Crypto.com offers low transaction fees, diverse tokens, tiered crypto credit cards, and high-interest rates.

Remember, the information provided is not financial or legal advice, and trading involves risks. Do your research and trade responsibly.

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