How to Earn Up to 17% Passively with Crypto.com Staking
Do you want to know how you potentially can Earn up to 17% passively by using Crypto.com Staking? Then this video is for you. I have talked about the Crypto.com app before because I think it is a really great and user-friendly app if you’re interested in crypto, even if you’re a complete beginner. Many viewers have asked me to talk a little bit more about the staking mechanism where you can earn passively. So in this video, I’ll show you exactly how it works. I will explain both the pros and the cons so you can find out how to use it and if it’s even the right option for you.
How Crypto.com Staking Works
Getting Started with the Crypto.com App
So, I have now logged into the Crypto.com app. Just in case you are not yet a member and you decide to join it, I have an invitation link and a code. I’ll leave it in the description. That will also give you a great joining bonus if you meet the requirements, and that will also support my channel. But for now, let’s then move on to talk about staking.
If you’re interested in other aspects of Crypto.com, I also have tutorials. Again, I’ll leave a link to a playlist of those tutorials below. But in this video, we’ll only focus on the staking option here.
Accessing Staking on Crypto.com
You can access it by going to the menu. The design changes regularly, so if you can’t find it in the exact same place where I show you, don’t panic. You can click a few buttons, and you will find it. Right now, you can see it’s here, and there’s something called staking.
Choosing Cryptos for Staking
Once you click staking, you have the option to stake the crypto that you have inside your Crypto.com app, allowing you to earn passively. They also provide information that explains staking and how you can earn. I recommend reviewing these tutorials to understand the mechanism better.
Other than that, you can see this is where you can view the options. You can scroll down and see the cryptos they are currently offering staking for, like the CRO coin, Crypto.com’s own cryptocurrency. For example, you can earn up to almost 17% interest per year.
Can You Get Paid?
Understanding the Interest Rate
It’s important to understand the interest rates. Any place that promises guaranteed % or % or something like that daily or monthly is usually a scam, so be aware of that. Crypto.com has many options, including Ethereum, one of the biggest cryptos, with a rate of almost 17%. The exact rate and cryptos available will vary from time to time.
How to Stake Ethereum on Crypto.com
To stake Ethereum, you would click the option to earn up to 17%. If you have Ethereum in your wallet inside Crypto.com, you just choose the amount you want to stake. You can see the rate, the estimated activation date, and when you’ll receive the first reward, usually a few days later.
What’s great about this is that you don’t have to wait a year to get paid. You actually get it paid out more or less daily into your wallet.
The Unbonding Period for Staking
There is one thing to be aware of: if you scroll down, you’ll also see an unbonding period. For Ethereum, at the time of recording, it is estimated to be days. You can request to unstake these assets anytime, but there might be this unbonding period.
This period is relevant if it’s a crypto you believe in long-term and don’t plan to sell soon. It’s suited more for long-term holding. Just remember to unstake it if you eventually want to sell it.
Reading the Terms and Conditions
Some people say to stake it and forget about it, but remember, if you want to sell it suddenly, you might have to wait. Other than that, you can read the terms and conditions. If you have any questions, that’s where you need to go.
opinion
Crypto.com staking is super easy to use, and it can provide nice passive rewards for cryptos you’re planning to hold. I hope this video helped you figure out whether this is the right option for you. As mentioned at the beginning, if you’re not yet a member, I have an invitation link and code that can give you a great joining bonus if you meet the conditions. I’ll leave that below so you can join through that.
No matter what, I hope this video helped you. If it did, make sure to hit the like button, and don’t forget to subscribe to my YouTube channel and hit the notification bell so you won’t miss out next time I release a video with tips and tricks about different ways to make money online.