CRO Staking is a top leading crypto blockchain which was introduced by crypto.com. It is focused on providing you with fast transactions at low fee rates. You know that the crypto daily exchange is nearly $800 million. A cryptocurrency holder can easily stake at crypto platforms and earn money. Be with us till the end to have all the details as we will discuss the CRO staking mechanism and the procedure to stake on Crypto. Com. Let’s dive into it!
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An Overview of CRO Staking:
CRO Staking is done through the crypto.com account. CRO stands for Cronos which is a utility token of a crypto Cronos chain. When you stake in crypto.com, you will be rewarded with many benefits such as a premium visa card(ctypto.com), and you would get cashback if you made an online purchase return. Additionally, CRO staking provides you with good APY. Right now, the CRO staking rewards gives you 10% ARR for 5k CRO but if you invest less than 5k CRO, then there is no APR interest.
Most people have a query that how much do you get for staking CRO? It depends on the recent APR rates. You should check it before you stake it. The expected earning rate is roughly around 14.8%.
The staking rewards calculating formula is as follows:
CRO x (APR/365).
Deposit Funds Details:
| 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. |
Procedures of Staking CRO in crypto.com:
When you have enough amount of CRO (5000 CRO) in your cypto.com app then, go to your visa card(crpto.com) setting such as:
- First, go to the card main page.
- Choose your vrypto.com visa card.
- Click on the stake CRO option and go with the given instructions on the page.
You can start staking, using three different options which are Trade, Buy and choose CRO and finally select your purchasing method. You can use a credit card, bank transfer, Crypto.com Visa card, EUR, USD CAD, and AUD. Now, enter the amount you want to stake and click on the confirm button. You can exchange your other cryptos to CRO in the crypto.com app. In this process, you have to click on trade, then sell and lastly pick up your wallet and click on CRO and enter your amount. Staking CRO is as simple.
When you lock your stake, they will review your application and after approval, they will change your status to shipped, and sooner you will get your reward. Most people have a query that Is staking CRO worth it? Yes, it is beneficial to stake in CRO. You as a beginner can earn high-interest rates on both crypto deposits and on CRO. You can also get some extra rewards if you have a prepaid debit card on crypto.com.
Benefits of CRO Staking:
You should have a minimum deposit of 1,000 CRO. And you can increase your CRO amount if you want to stake more. You should have at least 5,000 CRO to start staking in Crypto.Com. To start the staking, you must follow the below-mentioned steps:
- You have to log on to the Crypto.com exchange site.
- Now, go to the main interface from where you can stake and get your rewards.
- Here, click on the stake CRO and enter the amount you want to stake.
- Click on review staking and when you are satisfied then tap on the confirm button.
- After clicking on confirm, you will get the information about the remaining days in which you can withdraw your amount.
Overview of CRO Advantages:
| CRO Staked | Maker Fee Benefit | Taker Fee Benefit | Interest APR | Syndicate |
| ≥ 1,000 | 3% off | 3% off | 0% | No |
| ≥ 5,000 | 5% off | 5% off | 0% | Yes |
| ≥ 10,000 | 8% off | 8% off | 0% | Yes |
| ≥ 50,000 | Zero | 12% off | 4% | Yes |
| ≥ 100,000 | 0.01 bps Rebate | 15% off | 4% | Yes |
| ≥ 500,000 | 0.02 bps Rebate | 20% off | 8% | Yes |
| ≥ 1,000,000 | 0.05 bps Rebate | 25% off | 8% | Yes |
| ≥ 5,000,000 | 0.10 bps Rebate | 30% off | 8% | Yes |
What happens after 180 days of staking CRO?
After 180 days (about 6 months) of staking, you can unstack and take your CRO staking card back to you. But if you do it, you will get fewer rewards and benefits.
How to unlock CRO account?
After 180-days of the staking period, you can unlock your CRO, and to do this, you have to go to your CRO wallet in the crpto.com app and tap on the “Unstake” button. After having back your amount in this short period, you are losing a lot of rewards and benefits that have to come from CRO staking card such as:
- Purchase Rebates
- Extra Card Cashback
- Higher Rewards Rate in Earn
- Lower Rewards Rate in Credit
However, the crypto.com card reward includes a cashback of up to 2 %, LoungeKey™ Access, fee-free ATM withdrawal limits, and some interest rate on interbank exchange.
Final Words: It was a brief discussion on CRO staking and CRO staking benefits. If you have enough CROs (5000 CROs) then you can easily stake in the crypto.com app and get your rewards and benefits that are different for different countries. Did you ever stake in Crypto. Com? If yes share your experience with us in the comment box below?
