How to Stake Cronos (CRO)
How-to Guides

How to Stake Cronos (CRO)

Created 1yr ago, last updated 1yr ago

What is Cronos (CRO) and how can you stake it? We will take deep dive into these questions in this guide along with the benefits and risks associated with staking CRO.

How to Stake Cronos (CRO)

Table of Contents

With the growing adoption of proof-of-stake (PoS) blockchains, staking has become a popular method of growing portfolios without actively trading cryptocurrencies.
Unlike the proof-of-work (PoW) consensus mechanism, which uses a considerable amount of energy for mining cryptocurrency and validating transactions on the blockchain, proof-of-stake works by selecting validators based on the number of native crypto tokens held by the participant.

Similar to earning interest on a saving account, staking is the arrangement that occurs when users — or stakers — entrust a validator to receive and hold their crypto in exchange for proportional rewards paid out in the same cryptocurrency. Besides receiving such rewards, the staker also helps the network remain secure and decentralized.

If you are holding some CRO in your wallet, you may want to check out staking opportunities available for the token. Don’t know how to stake your tokens? Let us help you!

But first, let’s discuss what Cronos (CRO) is and how it is used.

What Is Cronos (CRO)?

Previously called Coin, Cronos is the native cryptocurrency token of the Cronos Chain — an Ethereum-compatible, decentralized, open-source blockchain developed by, a cryptocurrency exchange. is an exchange that offers various cryptocurrency products, such as a wallet, a brokerage account, debit cards, payments and a DeFi wallet. It was founded in Hong Kong in 2016 by Kris Marszalek, Rafael Melo, Gary Or,and Bobby Bao.

How Does CRO Staking Work?

CRO uses a delegate-proof-of-stake (DPoS) consensus mechanism. Investors earn rewards by delegating their tokens to validators who run nodes to validate transactions on Chain. Block rewards are received in CRO, which are distributed to delegators after deducting commission.

Staking rewards depending on the platform and method chosen for staking. There is no minimum stake requirement for the CRO token, and delegators can stake/unstake anytime.

However, when unstaking their CRO, users will be tied to a 28-day unbonding period required by the Chain. During this period, the unbonding balance will not earn any rewards.

Users should be cautious with the choice of validators as their bad behavior may result in the loss of CRO tokens.

How to Stake CRO

There are multiple options available to users to stake CRO. However, some of the most common are the following: DeFi Wallet

There are two types of CRO tokens: the native CRO (address starts with "Cro") and the ERC20 CRO (address starts with "0x"). In order to stake on, the CRO native token is required and should not be confused with the ERC-20 CRO token.
To get native CRO tokens, you may use DeFi wallet. Being non-custodial, the wallet requires you to keep the seed phrase safe. You have to make sure you’re using CRO (native).

To stake your tokens, open the DeFi wallet app and tap on “start earning.” Select CRO and add the amount of tokens you want to stake.

Then, tap on “To Validators” to choose one validator.

Review all the details and confirm it by tapping “Confirm Stake.” Once staked, the CRO staked will appear on the DeFi Earn screen.

CRO can be claimed anytime by tapping “Earn” on the navigation bar at the bottom of the DeFi Wallet app. Tap on the CRO asset to view the staking details, and then go to "Claim Rewards" under the corresponding validator. It is recommended to confirm the transaction and authorize it with a passcode or 2FA, if enabled. The earned assets will appear on the CRO wallet's available balance. App


Staking CRO on the app comes with the following benefits:

  1. Reserve one of the premium metal Visa cards;
  2. Receive crypto wallet benefits, such as purchase rebates and extra card cashback;
  3. Enjoy better APR on the Crypto Credit and Crypto Earn programs.

Rewards are between 10% and 12%, paid weekly depending on the tiers.

Staking CRO in the app is quite simple. You just need to go to the Card option at the bottom-right corner of the app, select your preferred Visa card, click on "Stake CRO" and follow the instructions. Exchange

To stake on the exchange, you either have to purchase CRO from the exchange or transfer it from another wallet. Go to the “Stake and Earn” section and select “Stake CRO.” Input the number of tokens you want to stake, select “Review Staking,” and confirm.


On the following page, you will see the CRO amount staked and the remaining days until it can be withdrawn.

Is It Safe to Stake CRO?

There are some risks associated with CRO staking. Validators should be selected carefully, and ideally, they should have 99% uptime and over 8% voting power. If validators have too much downtime, they may get penalized, resulting in a loss of 5% of your staked cryptocurrency.

By unstaking CRO, users go through a 28-day process during which they can't withdraw their CRO. Furthermore, those who use the DeFi Wallet have full responsibilty for remembering their seed phrase — if they lose it, they also lose access to the funds stored in the wallet.

Unlike DeFi wallets, a centralized service like the exchange holds the private keys, not the user. This means that if the exchange gets hacked, there is a risk of losing the assets.

Software wallets on mobile phones are relatively safe, but many believe that the best option is to use a hardware wallet that can stake CRO.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
0 people liked this article