Introduction
Staking Cronos can be a great option for those who want to hold CRO but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Cronos (CRO) tokens
In order to stake Cronos, you need to have it. To obtain Cronos, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Cronos wallet
Once you have CRO, you’ll need to choose a Cronos wallet to store your tokens. Here are some good options.
- 3
Delegate your CRO
We recommend using a staking pool when staking CRO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CRO, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Cronos network. You’ll be rewarded with CRO for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Cronos (CRO) is currently priced at $0.0819, with a 24-hour trading volume of $7.65M. In the last 24 hours, Cronos has experienced a decrease to -3.19. The market cap of Cronos stands at $2.09B, with 26.57B in circulation. For those looking to buy or trade Cronos, reputable platforms like Uphold, OKX, Coinbase, Bitmart, MEXC Global and Kucoin offer avenues to do so securely and efficiently.
- Market cap
- $2.09B
- Volume
- $7.65M
- Circulating supply
- $26.57B