How Staking on Crypto.com is most effective?

Staking on Crypto.com allows you to earn passive income. The following article will provide you with adequate staking and saving options this exchange offers.

Source: Crypto.com

Crypto.com is one of the leading cryptocurrency exchanges launched in 2016. The company’s staff serves over 50 million customers worldwide, and its celebrity ambassadors include Hollywood actor Matt Damon, and NBA stars LeBron James and Joel Embiid.

What is Staking?

PoS cryptocurrency uses validator nodes that anyone can run to validate their on-chain transactions. To run a validator node, a user needs to commit – or stake – a set amount of cryptocurrencies to the chain, almost like a deposit. Validators with stakes receive cryptographic rewards for validating transactions, which is what “staking” really means.

Profit from Staking

Through Crypto Earn, users can earn staking rewards from over forty different cryptocurrencies and tokens, including Cardano, Flow, and Solana. In addition, it is also possible to earn interest rewards by staking some cryptocurrencies that do not run on the PoS blockchain, like Bitcoin and Ethereum.

Deposits peak at around 14.5%/year and will vary based on different crypto projects. Cryptocurrencies built with PoW consensus will offer lower interest rates than those using PoS.

Should bet on a flexible or fixed term

Users will achieve higher profits if they choose one or three-month fixed term options but will not be able to withdraw their funds until the term expires.

On the other hand, a flexible deal will offer a lower return, but the user will be able to withdraw his money whenever he wants.

Staking with CRO on Crypto.com

CRO is the primary token of Crypto.com; through a Crypto.com account, users will be given access to a premium Crypto.com Visa card, cashback from online purchases, and, most importantly, high returns than other cryptocurrencies.

The same profit increase will vary for different coins and tokens, but it increases proportionally to the amount of CRO staked in the user’s account.

Crypto.com Staking Reward Limit

stakingSource: Crypto.com

From June 1, 2022, $3.000 through fixed-term agreements will return the total percentage of rewards.

Profit will be halved on any bet balance above $3,000 and under $30,000, and any balance beyond that will return only 15% of the total bet return.

The bonus limit aims to increase the number of users so that Crypto.com expands its market.

Above is the staking information that Crypto.com provides to help users have more choices to earn passive income.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

Coincu News

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Be the first to comment

Leave a Reply

Your email address will not be published.


*