Staking CRO (Crypto.com Coin) in Atomic Wallet allows you to earn passive income by participating in blockchain validation. This comprehensive guide covers everything from staking basics to reward claims and unstaking procedures.
Understanding CRO Staking Basics
Before diving into the staking process, let's explore the fundamentals:
What is CRO Staking?
Staking involves locking up your CRO tokens to support blockchain operations. In return, you earn staking rewards similar to interest payments. Here's what makes CRO staking unique:
- Instant rewards: Your first reward appears immediately after staking
- Frequent payouts: Rewards accrue every second
- Competitive APY: Earn up to 5.5% annual yield
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Prerequisites for Staking CRO
Before staking, ensure you meet these requirements:
Mainnet CRO only:
- ERC-20 CRO tokens cannot be staked
- You must hold native Cronos chain CRO
Minimum balance:
- Keep a small CRO reserve (0.001 CRO recommended) for transaction fees
- This prevents being unable to claim rewards or unstake
Wallet preparation:
- Update Atomic Wallet to the latest version
- Ensure proper backup of your wallet
Step-by-Step Guide to Stake CRO
Desktop Instructions
- Open Atomic Wallet and navigate to the Staking section in the left sidebar
- Select CRO from the list of available coins
- Click the Stake button
- Enter your desired staking amount
- Confirm the transaction with your wallet password
- Track your transaction via the provided blockchain explorer link
Mobile Instructions
- Tap the Staking tab in the bottom panel
- Choose CRO from the staking options
- Press the Stake button
- Input your staking amount
- Authenticate with your wallet password
- Wait for transaction confirmation
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CRO Staking Rewards Explained
Reward Structure
- Frequency: Rewards generate nearly every second
- Distribution: Manually claimed through wallet interface
- Fees: Small network fee deducted from available balance (not staked amount)
Claiming Your Rewards
- Monitor your staking dashboard for accumulated rewards
- Click the highlighted Claim button when rewards are available
- Confirm the transaction
- Rewards will appear in your available balance
Unstaking CRO: What You Need to Know
The Unstaking Process
- Navigate to your CRO staking interface
- Click the Unstake button
- Confirm the transaction
Important Considerations
- 28-day waiting period: Coins remain locked during this time
- No rewards: You won't earn during the unstaking period
- Final transfer: After 28 days, CRO returns to your available balance
FAQ Section
How often do CRO staking rewards compound?
Rewards don't automatically compound in Atomic Wallet. You must manually claim and restake them to compound your earnings.
What's the minimum amount of CRO I can stake?
Atomic Wallet doesn't enforce a minimum stake, but you should maintain enough to cover future transaction fees (recommended 0.001 CRO reserve).
Can I stake CRO while using Atomic Wallet's mobile app?
Yes! The staking process works identically on both desktop and mobile versions of Atomic Wallet.
Why does unstaking take 28 days?
This is a blockchain-level security feature of the Cronos network, not an Atomic Wallet restriction. It helps maintain network stability.
Are staking rewards taxable?
Tax treatment varies by jurisdiction. Generally, staking rewards are considered taxable income. Consult a tax professional for advice specific to your situation.
Best Practices for CRO Staking
- Regular reward claims: Balance frequency with network fees
- Security first: Never share your wallet password or seed phrase
- Stay updated: Keep your Atomic Wallet app current
- Diversify: Consider staking other supported coins for portfolio balance
- Monitor performance: Track your staking returns periodically
By following this complete guide, you're now equipped to effectively stake your CRO in Atomic Wallet and optimize your crypto earnings. Happy staking!