How to stake in Crypto.com step by step to earn money

Crypto.com is one of the most widely used cryptocurrency exchange platforms And it is due to the multiple benefits it offers, especially when we stake Crypto.com with CRO, its native token.

 

 
The process is quite easy, especially if you already have the DeFi wallet of the project installed. However, otherwise we will explain how to download it, register and start staking from Crypto.com , either to get the benefits of Crypto.com cards or to generate passive income. Without further ado, let's get started.

1. Download the Crypto.com DeFi wallet on your smartphone

Now, to begin with, you must look for the DeFi wallet that Crypto.com owns to start staking . To do this, you only have to access the official page of the company .

Then, as can be seen in the image above, you have to scroll through the web until you find an area where it says: Download the DeFi portfolio . If you carry out this process from your smartphone it will be much easier and faster.

2. Create a wallet in case you do not have one

Once you have installed the DeFi wallet, all you have to do is open the app, and proceed to create a wallet if you don't have one. To do so, you simply have to click where it says: Create a new wallet .

Following this, it will ask you to enter a password that is secure , in addition, you can also enable 2-factor authentication or Touch ID in case your device is compatible with it.

When you have done this, it will give you a total of 12 seed keywords , you should keep them in a safe place, since sometimes it will be requested for some procedures. In addition, you will also be required to set a short 6-digit password that will be required each time you wish to use the Crypto.com wallet.

Once you have done the above you can start making personal adjustments to stake from Crypto.com . Among them, the configuration of a name or other details stands out. This procedure is quite intuitive and the app will guide you with instructions at all times.

3. Connect with the Crypto.com app

When you have finished with the previous step you will have to link your wallet with Crypto.com . Remember, that the platform has 2 apps, one is the exchange platform where it is possible to operate with cryptocurrencies, and the second is the DeFi Wallet; which will be where the stake will be made.

To connect both applications you just have to go to the nut that is located in the upper left part of the screen and press it.

Next, find and tap the blue box that says: Connect to Crypto.com App.

When you have pressed it, a space similar to the one in the image below will be displayed. There you must accept the terms and conditions of the DeFi wallet in which you will stake and click where it says: Connect james. Subsequently, you will be asked to enter the email address linked to the Crypto.com trading app.

Finally, they will send you a message to your email to confirm and validate that you have access to said account . You must open the message and follow the instructions they request; you will only have to press a button to confirm that it is you.

4. Deposit funds

When you have done the above you can choose between 2 options to deposit funds ; which will be the first thing to do before staking from the Crypto.com DeFi wallet.

The main option is to do it from the traditional method, which is based on pressing the button that says "Receive" that is located in the main part of the wallet, and then sending funds to the address that is shown there.

On the other hand, the second method is to send funds from the main Crypto.com app. To do this, you just have to go to the other app, look for the portfolio button > choose the cryptocurrency you want to transfer > press transfer > withdraw > choose DeFi Wallet . This method will only be available if you made the link that we explained in step number 3.

Then you just set the amount of tokens you want to transfer and the preferred network; in this example we are going to transfer CRO tokens, so the CRO network will be used .

5. Go to the Earn area

When you have funded your DeFi wallet, all you have to do is look for the area that says “Earn”, which is located at the bottom right of the DeFi wallet .

From this section you can view the amount of tokens you have locked in stake or even see the APY percentage offered by some cryptocurrencies available in the wallet. Now, to stake you will have to click where it says: Start Earning .

6. Choose a token that you have in your wallet

Now a new area will be displayed where you can see all the cryptocurrencies available for staking on Crypto.com. There you can also see the APY percentage they offer or other details. However, you will only be able to stake with the tokens you have previously deposited; since we used CRO for the example, we will have to press it to continue.

Next, it will ask you to set the amount of tokens you want to lock in the network or stake. However, in case you want to use all your funds for staking, you just have to press the blue text that says “Max. Amount” and finish by pressing the button that says “Stake” .

7. Select a validator

The last step to stake in the Crypto.com DeFi wallet is to select one of the validators available in the wallet. To do this, you will have to choose one of all the available options, however, as the platform suggests, it is recommended that the Voting Power or Uptime be greater than 98% to achieve better performance.

These statistics can be seen on the right side of the wallet, in addition, the estimated return and the names of the pools are also reflected. To choose one of the validators you only have to press the circle that is to the left of the name ; in the same way as shown in the image below.

When a validator has been marked, you will have to press the big button that says “Confirm Validator” .

8. Confirm staking

Once you have clicked on "Confirm Validator" an area similar to the one reflected in the image below will be displayed. There you can see the data of the pool in which you will stake.

This data is very important and must be carefully evaluated, since it shows the commission that the pool will have for allowing you to stake , in this example the commission is 10% of everything you generate, but there will be better options, some will they are left with only 5%.

For this reason, we invite you to explore the various pools on the platform and choose the one with the best statistics .

After choosing the pool, just click where it says "Confirm Stake" and an image similar to the one located above this paragraph will be displayed. There you must press where it says "Don't show me again".

This message indicates that the tokens that are locked in the wallet can be released after 28 days of making a release request to the platform . This is done to avoid problems with the cryptocurrency blockchain.

Once this message is confirmed, just click on "Proceed" to accept and that's it, you just have to add your 6-digit password and you'll be staking at Crypto.com.

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