What is the Staking feature in the Crypto.com App?
The Staking feature in the Crypto.com App lets you earn rewards and secure the top blockchains by locking up your assets, where you enjoy:
Convenience: Easily put the idle assets in your Crypto Wallet to work and receive returns proportional to the amount staked
Regular Payouts: Receive rewards in line with blockchain protocol*
Flexibility: Able to unstake anytime once the asset is activated**
Safety: Crypto.com maintains separate blockchain addresses and wallets for facilitating the staking of users’ assets
* Dependent on the generation of rewards determined and received by the blockchain protocol
** Please note that supported blockchains may independently impose minimum bonding or unbonding periods.
How do I stake my assets in the Crypto.com App?
It only takes a few steps to get started with the Staking feature in the Crypto.com App:
From the Menu, tap Staking
Select the asset you’d like to stake
Enter the staking amount
Review the staking details and agree to the Staking Terms & Conditions and Privacy Notice before tapping Confirm Stake
Enter your passcode or use Face/Touch ID to submit your staking request
For information on how to check the status of your staking requests, see ‘How do I know if my asset is staked?’
What happens when I stake more of the same asset in the Crypto.com App?
When you stake more of the same asset, the new stake will begin earning rewards when the transaction status changes to 'Staked' after the Activation Period has ended. Your previous stake will not be impacted.
How does staking work in the Crypto.com App?
Staking is a crucial aspect of Proof of Stake protocols. It allows users to participate in the network by locking up their tokens and becoming validators. Validators are responsible for verifying transactions and adding them to the blockchain.
In return for their services, validators receive rewards in the form of newly minted tokens. Staking incentivises users to hold onto their tokens and actively participate in the network, which helps to secure the protocol and maintain its integrity.
Additionally, staking can help to reduce the volatility of the token's price by reducing the supply of tokens available for trading.
Each protocol has a different staking structure and mechanism. They are maintained and supported by various third-party projects who are distinct and separate from Crypto.com.
To learn more about how staking works visit the Crypto.com Staking hub.
Are my virtual assets at risk while they’re staked in the Crypto.com App?
When you stake virtual assets, such virtual assets are programmatically staked to the relevant supported blockchains via third-party node validators.
Please read the PoS Staking Terms and Conditions carefully in relation to the risks of "slashing", which may occur when the transaction validator representing those assets incorrectly validates or fails to validate a transaction. As a result, there may be non-payment of validation rewards and the staked virtual assets may be subject to a penalty.
Please conduct your own due diligence and consult your advisors before making any decision including whether to participate in On-chain Staking and related transactions
Which virtual assets does Staking currently support in the Crypto.com App?
Crypto.com currently supports the following virtual assets for staking:
Virtual Asset | Minimum Staking Amount (Minimum Decimal Precision) | Estimated Activation** | Estimated Time to Receive First Reward*** | Rewards Crediting Destination**** | Unbonding Period |
Ethereum (ETH)* | 1.00E-08 | Depending on network conditions (days to weeks) | Depending on network conditions (days to weeks) | Available Balance | Depending on network conditions (days to weeks) |
Solana (SOL) | 1.00E-08 | 3 days | 3 - 7 days | Staked Balance | 5 days |
Polkadot (DOT) | 1.00E-08 | 1 day | 2 - 5 days | Staked Balance | 29 days |
Polygon (MATIC) | 1.00E-08 | 1 day | 2 - 5 days | Available Balance | 5 days |
Cronos (CRO) | 1.00E-08 | 1 day | 2 - 5 days | Available Balance | 29 days |
Cardano (ADA) | 1.00E-06 | 20 days | 20- 25 days | Available Balance | 1 day |
Avalanche (AVAX)*^ | 1.00E-08 | 14 days | 15- 23 days | Staked Balance | 9 days |
Cosmos (ATOM) | 1.00E-06 | 1 day | 5 days | Available Balance | 22 days |
Multivers X (EGLD) | 1.00E-08 | 1 day | 3 days | Available Balance | 11 days |
NEAR Protocol (NEAR) | 1.00E-08 | 1 day | 3 days | Staked Balance | 7 days |
Aptos (APT) | 1.00E-08 | 1 day | 3 days | Staked Balance | 31 days |
Injective (INJ) | 1.00E-08 | 1 day | 5 days | Available Balance | 22 days |
Casper (CSPR) | 1.00E-08 | 1 day | 3 days | Staked Balance | 2 days |
Celestia (TIA) | 1.00E-06 | 1 day | 3 days | Available Balance | 2 days |
Kusama (KSM) | 1.00E-08 | 1 day | 3 days | Staked Balance | 8 days |
Sei (SEI) | 1.00E-06 | 1 day | 3 days | Available Balance | 22 days |
Mina (MINA) | 1.00E-08 | 30 days | 45 days | Staked Balance | 1 day |
Kava (KAVA) | 1.00E-06 | 1 day | 3 days | Available Balance | 22 days |
SUI (SUI) | 1.00E-08 | 1 day | 3 days | Staked Balance | 1 day |
Osmo (OSMO) | 1.00E-06 | 1 day | 3 days | Available Balance | 15 days |
Dymension (DYM) | 1.00E-08 | 1 day | 3 days | Available Balance | 22 days |
*ETH, AVAX is not available for staking in Australia.
**There is no minimum staking period or fixed term imposed by Crypto.com. Your staked virtual assets will start earning rewards after activation and post-processing with the validator. Please note that you may not receive rewards if you choose to unstake your virtual assets early or if the rewards fall below the minimum decimal precision set out in the table above.
**You may find information regarding the estimated time to receive your first reward in the Crypto.com App before you stake. Please note that the timeline may be subject to change depending on the applicable blockchain network activity.
***For supported blockchain protocols that offer compounded rewards, your rewards will be disbursed to your Staked Balance. For protocols not offering compounded rewards, your rewards will be credited to the Available Quantity in your Wallet and can be withdrawn.
^ Avalanche (AVAX): Please note that while there is no minimum staking period or fixed term imposed by Crypto.com, all Avalanche validators have a minimum lock-up period for staking, which is currently set at a minimum of two weeks. As such, when you stake AVAX with Crypto.com, you may initiate unstaking after the Activation Period of 14 days.
Who can participate in Staking in the Crypto.com App?
All verified Crypto.com App users who are not citizens or residents of the following jurisdictions are eligible to use the Staking feature:
The United States of America and its territories
Canada
Hong Kong SAR
Seychelles
South Korea
Singapore
Thailand
I am from an eligible region, but why can’t I see Staking in the Crypto.com app?
If you do not see the Staking feature anywhere in the Crypto.com App or Crypto.com Exchange Web, please contact us via the in-app chat.
How do I know if my asset is staked in the Crypto.com App?
You can view the status of your staking request by tapping the Menu button before navigating to > Staking > My Portfolio and tapping on the relevant asset.
Staking Details showcasing the full transaction timeline | Individual Transaction Details |
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Here’s what each transaction status means:
Status | Description |
Pending | Your staking request is received by Crypto.com. |
Activating | Crypto.com has accepted your staking request and your assets will be staked soon. The Activating status will remain until your assets are staked on-chain. Note: The staking frequency for Crypto.com depends on the individual blockchain's epoch cycles. |
Staked | Your assets are successfully staked and will start generating rewards. This is the final stage of your staking transaction. |
Rejected | Your staking request is 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 [emailprotected]. |
What are the reward rates for each blockchain in the Crypto.com App?
The reward rates for successful validations are dependent on the blockchain network. The rates listed in the Crypto.com App are estimates based on data from validators excluding fees charged by Crypto.com 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 return or 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.
How often do I receive the rewards in the Crypto.com App?
You will receive rewards up to three times a week, depending on the blockchain protocols. Rewards must exceed 0.00000001 of the token to be credited.
How do I check my Staking rewards in the Crypto.com App?
You can view your staking rewards by tapping on the Menu button, navigating to > Staking > My Portfolio and tapping on the relevant asset. Please note that only rewards greater than 0.00000001 will be distributed.
The Reward Transaction Details column indicates where the rewards will be credited. The destinations are generally as follows:
For protocols that offer compounded rewards (i.e., DOT, SOL, ADA, AVAX, NEAR, APT, INJ), rewards are credited to your Staked Balance.
For rewards that are non-compounded (i.e., ETH, MATIC, CRO), the rewards are credited to your Crypto Wallet.
How do I unstake in the Crypto.com App?
Unstaking is a simple process that requires just a few steps:
Tap on the Menu button and navigate to Staking > My Portfolio
Tap on the asset you’d like to unstake
On the Details page, tap the Unstake button
Enter the amount you’d like to unstake and tap Confirm Unstake. Please note that by confirming to unstake your assets, you are making an irrevocable request to redeem them, and they will stop earning rewards.
Enter your passcode or use Face/Touch ID to submit your unstaking request
Get notified when your unstaking request is processed
When unstaking your assets, please note the following:
While Crypto.com does not impose lock-up periods, some protocols may impose an unbonding period for unstaking. For more information, please see ‘What is unbonding?’.
Staking requests under the Activating status are not eligible for unstaking. Assets can only be unstaked once the transaction’s status is changed to Staked.
For information on checking the status of your unstaking requests, see ‘How do I know if my asset is unstaked?’.
How do I know if my asset is unstaked in the Crypto.com App?
You’ll be notified via a push notification once your asset is unstaked. To view the status of your unstaking transactions, tap on the Menu button, navigate to > Staking > My Portfolio and tap on the relevant asset.
Here’s what each unstaking status means:
Status | Description |
Processing | Your unstaking request is received by Crypto.com. |
Unbonding | Your stake is undergoing unbonding. The time required for unbonding depends on the network and is outside Crypto.com’s control. |
Unstaked | Your assets are unstaked, and they have been returned to your Crypto Wallet. |
What is unbonding in the Crypto.com App?
Unbonding is the process of withdrawing one's stake from a network. There is typically a waiting period when the user's stake gradually becomes available for withdrawal. This waiting period helps to prevent malicious actors from quickly withdrawing their stake in response to a sudden market shift or another unforeseen event.
Unbonding 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.
Does Crypto.com charge any fees for staking in their app?
Service fees charged by Crypto.com are deducted from your staking rewards. They are as follows:
SOL - 20%
DOT - 20%
ETH - 15%
MATIC - 20%
CRO - 20%
ADA - 20%
AVAX - 20%
NEAR - 35%
APT - 20%
INJ - 35%
CSPR - 20%
TIA - 20%
KSM - 20%
SEI - 20%
MINA - 20%
KAVA - 20%
SUI - 20%
OSMO- 20%
DYM- 20%
Crypto.com reserves the right to update the fee occasionally at our sole discretion.
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