The reward rate shown is based on the estimated reward from validators excluding
fees charged by Crypto.com and is not final. The actual reward rate may differ and is not guaranteed.
Rewards must exceed 0.00000001 of the token to be credited.
Why stake on-chain with Crypto.com
Flexible
You can unstake your assets at any time(1), once they are activated.
Secure
We maintain separate blockchain addresses and wallets to facilitate the
on-chain staking of your assets.
Convenient
Put your idle assets to work in a few simple steps, and enjoy proportionate
returns(2) via regular payouts.
(1) Please note that supported
blockchains may independently impose minimum bonding or unbonding periods. You will stop receiving any
rewards during any unbonding period imposed by the protocol if you choose to unstake your assets. (2) Rewards are proportionate to the amount staked and are
determined by the blockchain protocol.
How to stake on-chain with Crypto.com
The on-chain Staking feature in the Crypto.com App allows you to quickly and
easily receive rewards and secure the top blockchains by staking your assets on a chosen blockchain
protocol.
1 .
Launch/Download the Crypto.com App and go to
Staking
.
2 .
Select the token you want to stake on-chain.
3 .
Review and confirm to start receiving rewards.
If you have any question regarding Staking, please visit our — FAQ about
Staking
What is on-chain staking?
On-chain Staking is a great way for you to passively generate rewards from
your cryptocurrency holdings, which might otherwise be sitting idle in your Crypto
wallet.
When you stake your cryptocurrency on a blockchain protocol, you are participating in
maintaining the protocol’s security and are incentivised to do so by receiving rewards from the
protocol in the form of staking yields.
On-chain Staking rewards are typically
expressed in annual percentage rate (APR) terms. For example, a 5% APR means you would, in theory,
receive $5 annually for every $100 worth of crypto you stake on-chain.
Different blockchain protocols have different APRs, and there is typically no limit to how much
you stake on-chain for any cryptocurrency. Your rewards may vary due to price fluctuations of the
underlying cryptocurrency, change in the number of validators, changes to the protocol, and many
other factors.
On-chain staking is an integral part
of a Proof of Stake (PoS) blockchain, which is designed to securely verify transactions. By
participating, you are ultimately contributing to a process critical to its security and
operation.
In PoS blockchains, transactions are verified by validators who have to stake an amount of a
blockchain’s token to participate in the verification process. In return, validators get rewarded
with more tokens. If they engage in malicious behaviour or fail to validate (e.g., by going
offline), a portion of their stakes could be taken away.
PoS is just one of many consensus mechanisms that blockchains employ to verify transactions before
they are added to the blockchain.
Some blockchains, such as Ethereum, which transitioned to PoS in 2022 (called ‘The Merge’),
require validators to stake a large amount of native tokens. In Ethereum’s case, the current
minimum requirement is 32 ETH. However, there are other ways to participate in on-chain staking
even without the required number of tokens.
As with all investments, there are
some considerations and risks to take into account before on-chain staking or locking up your
crypto:
Price movements and
total return:While on-chain staking lets you receive
yield, an important consideration is the concept of total returna — a combination of capital
appreciation (or loss) and the yield received.
Crypto prices can be volatile, so keep an eye on potential capital gains or losses along with
your staking rewards.Bonding
period:Some tokens have minimum bonding periods
where users cannot withdraw their tokens. Furthermore, when withdrawing tokens from a staking
pool, there could be a specific waiting time for each blockchain before the tokens are
received. So if you want to use your virtual assets for other purposes (such as trading)
during a particular period of time, you may not want to stake your virtual assets.Validator penalties:There is always a risk that the validator fails to perform their
tasks properly or engages in malicious behaviour. These improper validator actions may be
penalised by having their rewards cut or the staked amount taken away, potentially affecting
other users in the pool, as well.Fees:Staking pools and crypto exchanges may also charge fees or
commissions.Hacks:Always be cautious of potential hacks or vulnerabilities that
could jeopardise your locked-up funds.
In summary, on-chain staking passively
generates rewards on your cryptocurrency holdings. However, there are risks and downsides to
consider, including validator penalties, market price movements that could affect the total
return, hacks, fees, and the minimum staking period.
Do your research, exercise due diligence, and make informed decisions about whether on-chain
staking aligns with your financial goals!
Liquid Staking
Do more with your staked ETH
Liquid staking is an innovative solution to the problem of illiquidity for
staked assets, where users cannot access their crypto when it’s earning rewards or locked by the
protocol during the unbonding period. With liquid staking, they can wrap their staked assets for a
tradeable receipt token. The receipt token can also be redeemed back for the staked asset at a likely
higher conversion rate that accounts for the accrued staking rewards.
When you stake more of the same asset
on-chain, the new staked assets will begin receiving rewards when the transaction status changes
to 'Staked' after the Activation Period has ended. Your previous stake will not be impacted.
You can view the status of your
on-chain Staking request by tapping the Super Menu > Staking > My Portfolio and selecting
the relevant asset.
Here’s what each transaction status means:
Pending:Your on-chain Staking request is received by Crypto.com and is
being passed on to the relevant blockchain validator.Activating:Crypto.com has accepted your on-chain Staking request and your
assets will soon be staked. This status will remain until your assets have been accepted by
the relevant blockchain validator and staked on-chain. Note that the staking frequency for
Crypto.com depends on the individual blockchain protocol’s reward cycle.Staked:Your assets are successfully staked on-chain and will start
generating rewards.Rejected:Your on-chain Staking request has been rejected and your assets
have been returned to your Crypto wallet. You may initiate another staking request or reach
out to our Customer Support Team at contact@crypto.com.
The reward rates for successful
validations are determined by the blockchain protocol. The rates listed in the Crypto.com App are
an estimation based on data from validators and are subject to change.
The actual rewards will be distributed to you when they are generated (or unbonded, as applicable)
by the respective blockchain protocol. They will be the rewards received from validators after the
deduction of service fees charged by Crypto.com.
Crypto.com does not guarantee any particular rate of return. Please note that only virtual assets
that have already been staked on-chain are eligible for rewards for the time the rewards are due.
You will receive rewards up to three
times a week, depending on the blockchain protocols.
You can view your on-chain Staking
rewards by tapping on the Super Menu > Staking > My Portfolio and selecting the relevant
asset. Note that only rewards greater than 0.00000001 will be distributed.
Unbonding is the process of
withdrawing your stake from a network. There is typically a waiting period determined by the
relevant blockchain protocol, which serves the purpose of preventing malicious actors from
suddenly withdrawing their stakes at the expense of the protocol at large, whether in response to
a market shift or as a deliberate attack on the protocol.
The unbonding period is an important mechanism for maintaining the security and stability of Proof
of Stake networks. Virtual assets will not generate rewards during the unbonding period. The
length of the unbonding period is determined by the blockchain protocol, not Crypto.com.
On-chain staking enables you to
participate in securing and validating a particular blockchain protocol of your choosing. The
blockchain protocol incentivises your participation by periodically distributing rewards to you.
On the other hand, Earn allows you to receive rewards from us by simply allocating cryptocurrency
that you already hold in your Crypto Wallet to an Earn plan in the Crypto.com App. For more
information on Earn, please refer to this FAQ
page.
You should carefully consider the features of both on-chain Staking and Earn (such as flexibility,
rates of return, etc.) to determine which works best for you.
We respect your privacy and we are committed to protecting your personal data.
Please read this Privacy Notice carefully before providing any information about you or any
other person.
Terms, conditions and jurisdiction eligibility applies for on-chain staking. Please refer to the FAQ for details.
Privacy Preference Center
When you visit any website, it may store or retrieve information on your browser through
cookies or other tracking technologies. This information might be about you, your preferences, or your
device and is used to enable proper website function. You can choose to opt out of certain types of cookies.
Tap on each category to learn more and customize your privacy preferences. Please note that disabling
certain types of cookies may impact your experience of the website.
Manage Consent Preferences
Essential Cookies
Always Active
These cookies are necessary for the
website to function and cannot be disabled. They are activated in response to actions you made, such
as changing your privacy preferences, logging in or filling in forms. You can set your browser to
alert you about these cookies, but aspects of the site will cease to function if they are blocked.
Analytics Cookies
These cookies allow us to count visits
and traffic sources so measuring and improving website performance. They help us to know which pages
are the most and least popular and see how visitors move around the site. All information these
cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not
know when you have visited our site, and will not be able to monitor its performance.
Functional Cookies
These cookies enable the website to
provide enhanced functionality and personalization. They may be set by us or by third-party providers
whose services we have added to our pages. If you do not allow these cookies then some or all of these
services may not function properly.
Advertising Cookies
These cookies may be set through our
site by our advertising partners and may be used to build a profile of your interests. If you do not
allow these cookies, you will receive less targeted advertising.