## What Is Crypto.com Staking?
Staking is a process where you lock up cryptocurrencies to support blockchain networks and earn rewards. On Crypto.com, staking involves holding specific coins (like CRO, the platform’s native token) in your wallet to participate in network operations, such as transaction validation. In return, users receive passive income via annual percentage yields (APY).
Crypto.com offers flexible staking options across 20+ cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and stablecoins. The platform simplifies staking for beginners while providing advanced features for experienced users.
**Key features of Crypto.com staking:**
– Earn daily or weekly rewards.
– Choose between flexible or fixed-term staking.
– Access tiered benefits (e.g., higher APY for longer lock-up periods).
## How Does Staking Work on Crypto.com?
Crypto.com uses a Proof-of-Stake (PoS) model, where validators secure the network by staking coins. Users delegate their assets to these validators or stake directly through the app or exchange. Rewards depend on:
1. **Staked amount**: Larger holdings typically yield higher returns.
2. **Lock-up period**: Longer commitments often boost APY.
3. **Coin type**: CRO staking offers the highest rewards (up to 10% APY).
**Supported blockchains**: Crypto.com supports staking for its Cronos Chain, Ethereum 2.0, Polkadot, and others.
## Benefits of Staking on Crypto.com
1. **Passive Income**: Earn up to 12.5% APY on stablecoins like USDC or 10% on CRO.
2. **Security**: Funds remain in your wallet (non-custodial staking via DeFi Wallet).
3. **Flexibility**: Un-stake anytime (flexible terms) or lock funds for higher rewards.
4. **Extra Perks**: Staking CRO unlocks premium Visa cards, fee discounts, and crypto cashback.
## How to Stake on Crypto.com: Step-by-Step Guide
1. **Create an Account**: Sign up and complete KYC verification.
2. **Deposit Crypto**: Transfer coins to your Crypto.com wallet.
3. **Choose a Staking Option**:
– **App Staking**: Navigate to ‘Earn’ and select your coin.
– **Exchange Staking**: Use the ‘Staking’ tab for higher APY.
4. **Select Term**: Opt for flexible (no lock-up) or fixed terms (1–3 months).
5. **Confirm**: Review APY and confirm the stake.
## Crypto.com Staking Options
– **CRO Staking**: Earn 4–10% APY, depending on term length and card tier.
– **Bitcoin (BTC)**: Up to 2% APY with flexible terms.
– **Ethereum (ETH)**: 3.5% APY for 3-month lock-ups.
– **Stablecoins**: Up to 12.5% APY on USDT/USDC.
## Risks and Considerations
– **Market Volatility**: Crypto prices can drop during lock-up periods.
– **Lock-Up Periods**: Fixed-term stakes can’t be withdrawn early.
– **Platform Risk**: Crypto.com isn’t FDIC-insured (use cold wallets for large sums).
## Frequently Asked Questions
**Q: What’s the minimum stake on Crypto.com?**
A: As low as $50 for flexible terms; CRO card stakes require 350–350,000 CRO.
**Q: How are staking rewards calculated?**
A: Rewards = (Staked amount × APY) ÷ 365. Payouts are daily or weekly.
**Q: Can I un-stake early?**
A: Only with flexible terms. Fixed-term stakes are locked until maturity.
**Q: Is staking safe on Crypto.com?**
A: Yes, but diversify holdings and enable 2FA for account security.
**Q: Are staking rewards taxable?**
A: Yes—rewards count as income in most jurisdictions.
