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.
See all 8 pricesPlatform Coin Price Uphold Cronos (CRO) $0.0776 OKX Cronos (CRO) $0.078 Coinbase Cronos (CRO) $0.0777 Bitmart Cronos (CRO) $0.0774 MEXC Global Cronos (CRO) $0.0777 Kucoin Cronos (CRO) $0.0778 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.
See all 5 staking rewardsPlatform Coin Staking rewards MyCointainer Cronos (CRO) Up to 3% APY Atomic Wallet Cronos (CRO) Up to 10% APY 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 $10.19 with a 24-hour trading volume of $6.13M. The market cap of Cronos stands at 2.09B, with $27.04B CRO in circulation. For those looking to buy or trade Cronos, MyCointainer offers avenues to do so securely and efficiently.
- Market cap
- $2.09B
- 24h Volume
- $6.13M
- Circulating supply
- $27.04B