## What Is Crypto.com Staking?
Staking on Crypto.com allows users to earn passive income by holding and “locking” supported cryptocurrencies in their wallet. It operates on a Proof-of-Stake (PoS) model, where participants help secure the blockchain network and validate transactions in exchange for rewards. Crypto.com offers flexible staking options, making it accessible for both beginners and experienced investors.
## How Does Crypto.com Staking Work?
Crypto.com provides multiple staking methods:
– **Flexible Staking**: Lock coins for a minimum period (e.g., 1 month) with lower rewards but more liquidity.
– **Fixed-Term Staking**: Commit funds for 3–6 months for higher Annual Percentage Yield (APY).
– **DeFi Staking**: Stake via Crypto.com’s DeFi Wallet for decentralized control and variable rates.
– **Crypto Earn**: A hybrid program combining staking and savings with tiered rewards based on holding amounts.
Popular coins for staking include CRO (Crypto.com’s native token), Ethereum, and Polkadot. For example, staking CRO can unlock perks like premium Visa card tiers and boosted rewards.
## Benefits of Staking on Crypto.com
– **Passive Income**: Earn up to 10% APY on assets like CRO.
– **Network Security**: Contribute to blockchain validation.
– **Flexibility**: Choose terms from 1 month to 3 years.
– **Card Rewards**: Higher-tier cards offer cashback and perks for staked CRO.
## How to Stake on Crypto.com: Step-by-Step
1. **Create an Account**: Sign up and complete KYC verification.
2. **Fund Your Wallet**: Deposit crypto or buy directly via the app.
3. **Navigate to ‘Earn’**: Select ‘Staking’ or ‘Crypto Earn’ from the dashboard.
4. **Choose Asset & Term**: Pick a coin and lock-up period.
5. **Confirm & Monitor**: Review terms and track rewards in the app.
## Risks of Crypto.com Staking
– **Market Volatility**: Asset values may drop during lock-up periods.
– **Liquidity Limits**: Fixed-term stakes can’t be withdrawn early.
– **Platform Risk**: While Crypto.com is reputable, always diversify assets.
## Crypto.com Staking FAQ
### What’s the Minimum Stake on Crypto.com?
It varies by coin. For CRO, the minimum is 5,000 CRO for card benefits.
### Are Staking Rewards Taxed?
Yes, rewards are typically taxable as income. Consult a tax professional.
### Can I Unstake Early?
Fixed-term stakes require waiting until maturity. Flexible stakes may allow early exits with reduced rewards.
### Staking vs. Crypto Earn: What’s the Difference?
Staking focuses on PoS networks, while Crypto Earn includes interest from lending.
### Is Crypto.com Staking Safe?
Crypto.com uses institutional-grade security, but always enable 2FA and avoid sharing credentials.
## Final Thoughts
Crypto.com staking is a user-friendly way to grow your crypto holdings. With flexible terms and competitive APYs, it’s ideal for earning passive income while supporting blockchain networks. Start with small amounts and diversify to minimize risks.
