Where to get the best Crypto.com Interest rates and staking rewards?
Of course you will earn best passive income with your CRO within the Crypto.com ecosystem.
However, what is the Crypto.com ecosystem and where will you get the best interest rates and staking rewards within the ecosystem?
the Best Crypto.com Interest Rate or Staking Rewards
*Sign up bonus with terms and conditions
Here, you can earn 10% APY on your CRO staking. The drawback is that you need to lock your funds for 180 days. However, you can unlock your funds whenever you want but at the cost that you will be paid 0% interest for that period.
If you stake your CRO coin in the desktop exchange you will get more benefits than just the interest.
Get 20% – 100% discounted from your trading fees when you stake and pay fees with CRO.
Participate in The Syndicate
Gain access to The Syndicate, a fundraising platform for premium digital assets.
With the Crypto.com Supercharger you deposit your CRO for a month and earn another token. The rewards are dependent on how many other people are staking the same supercharger period. Read more about the Crypto.com CRO supercharger calculations and profitability.
Earn the best Interest on Crypto.com App
You can earn great interest rates and staking reeards if you stake your CRO with the Crypto.com mobiel app.
Here, you will get 2-6% interest paid on your staking amount. In addition you will get a lot more benefits connected to the metal VISA card you will receive.
More Benefits of Staking CRO on the Crypto.com App
If you chose to stakke your CRO on the Crypto.com mobile app you will be eligble to request a VISA metal card with a lot of benefits connected to it.
What benefits you will get depends on how much you stake but you can get free Spotify, free Netflix, free Amazon prime, free gift and up to 8% cashback.
Read more about CRO VISA card staking requirements and rewards.
What is the CRO token ?
Where to Buy CRO token? CRO Markets
Where is the best place to buy the CRO token and what are the available markets for the CRO token?The best way to find out this is to search for the coin on Coingecko and click on the markets tab.
As you can see in the screenshot below, CRO is listed on Coinbase which also have the most trading volume. However, the only reason to hold the CRO token is to stake it on Crypto.com and receive all the benefits that comes with it.
Pay tax on CRO interest and staking rewards
Yes, you have to pay tax on the CRO crypto interest payouts and staking rewards. The most convenient way to report taxes on crypto interest payouts are to use a crypto tax software. A crypto tax software can automatically import all your transactions, categorize them in the correct tax bracket and calculate your taxes in your local fiat currency.
We think Koinly is the best crypto tax software. They also have agreat free version.
Risks with CRO interest and staking rewards
There are certain risks associated with staking CRO to receive interest payouts.
You should identify and be aware of all the major risks associated. Some of the risks can be personal. For example, you might need to sell of CRO within 180 days and you might want to consider to not stake them and look for alternative ways to earn passive income.
Read more about about crypto portfolio risk management in our dedicated article.
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