Welcome to this post, where we are going to see the different staking options that crypto.com has in its platform and how to make the most of it.
Crypto.com is a very simple to use Exchange, and has also added the option of staking to maximize your profits within this Exchange, without using other platforms for it. This option is called earn, and it will allow us to get an annual profitability with our cryptocurrencies.
Although it is important to keep in mind that not all cryptocurrencies have the staking option, and that the annual % that you can see may vary over time. In addition, when staking, we will have to block our cryptocurrencies in some occasions.
If you are in the mobile app, we will go to accounts. And here we will click on crypto earn. Here you will see the different staking options, where you will receive rewards every 7 days, of the same cryptocurrency that you have placed in earn. If for example, you have placed Bitcoin, every 7 days, you will receive more Bitcoin in your account, in proportion to the annual % indicated and the amount you have.
Below you can see the different options and the annual profitability they give. It is important to look on the right, where it indicates the months and you can click there. Click there, and you will see a drop-down menu.
There are usually 3 options, flexible, 1 month term and 3 month term. The earn or flexible staking, we can place our cryptocurrencies and withdraw them at any time, which is ideal to sell them whenever you want, but the annual profitability is lower than with the other two options.
In the case of 1 month or 3 month term, you will have to block your cryptocurrencies to get the profitability indicated during that period of time. If you want to withdraw your cryptocurrencies earlier, you will be able to, but you will not receive the earn or staking reward, since you have withdrawn your cryptocurrencies early.
My recommendation is to use 3 month if you do not plan to sell in the short term, and flexible if you may want to sell the cryptocurrencies in a short time.
Select the option that most interests you, and you will be able to see the annual % that each cryptocurrency gives you. As you can see, there is a great variety of cryptocurrencies that crypto.com offers the option of staking and getting a higher profitability in this way.
If we click on start earning now, we will be asked to select a cryptocurrency. Here, select the cryptocurrency you want to staking. You must have this cryptocurrency in your crypto.com account to do so.
Once you select the cryptocurrency, you will see the different options there are in that one. Either flexible, 1 month or 3 month term and the profitability you will get in each option. Select the option you are most interested in and click continue. Check both boxes and click continue. Remember to have your funds in crypto wallet and not in Exchange or elsewhere, otherwise, you will not be able to select the cryptocurrencies you have. Select the amount and click continue and that’s it.
In this way, you will already be getting a profit with your cryptocurrencies, and get more cryptocurrencies by just keeping them in earn. I hope you have learned more in detail how staking and earn works in crypto.com and you can take advantage of this opportunity. Remember that, if you don’t have an account with crypto.com, you can create one just below.