How to Stake Cronos (CRO) in Australia

Where is the best place to stake CRO with low fees

If you stake CRO on Crypto.com you will have access to a Crypto.com VISA card that allows you to spend cryptocurrencies as cash. Although unique, this isn’t really that enticing if you already own a debit card. Besides owning the card itself, it practically has no utility besides providing you with 2% higher APY on your CRO staking.

However, the CRO staking APY (returns) with the VISA card bonus is still significantly lower than other exchanges like CoinSpot. On Crypto.com you can get anywhere between 4-8% APY (Annual Percentage Yield). On CoinSpot, you can you can receive 11.1% APY on your CRO staking with no fixed term, meaning you can stake and unstake your cryptocurrencies as often as you want.

CoinSpot Exchange. — How to Buy Cronos (CRO) in Australia.

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How to stake Cronos (CRO) in Australia

The best way to stake Cronos (CRO) in Australia is through the CoinSpot exchange. Your Cronos staking rewards will be paid out every week into your CoinSpot Cronos Wallet. Follow the below steps to stake CRO in Australia.

Sign up to CoinSpot and complete the verification process.
Click 'Deposit Funds', pick a method and send AUD to CoinSpot.
Go to the 'Buy/Sell' tab, search for Cronos and click 'Buy Cronos'.
Input the amount you wish to invest and tap 'Buy CRO'.
Go to the ‘Wallets’ tab, search for ‘Cronos’ and open ‘Earn’.
Enter the amount of CRO you want to stake and click ‘Confirm Lend Amount’.

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Why use CoinSpot over Crypto.com to stake CRO?

As mentioned earlier, CoinSpot offers flexible staking on Cronos (CRO) and higher APY (returns) than Crypto.com. Additionally, CoinSpot is a platform tailored for Australian traders that offers more AUD deposit methods, 24/7 Australian live support team and is licensed and regulated to operate in Australia. Crypto.com is a significantly less secure platform than CoinSpot.

CoinSpot is the only high-security exchange in Australia and the only one to undergo the SCI Qual International security audit and obtain the ISO 27001 standard security certification. To learn more about the CoinSpot exchange and its features, assets, fees and security, visit our CoinSpot Review.

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Deposit, Staking and Trading Cronos Fees

When investing and staking any cryptocurrency, it’s important to consider the fees that are involved. To sell or buy any token on CoinSpot there is a 1% fee when you use the ‘Instant Buy’ feature or a 0.1% when you use the ‘Market Buy’ feature. For staking, CoinSpot does not charge any fees whatsoever. It is completely free to stake cryptocurrencies on CoinSpot.

In addition to trading fees, CoinSpot charges fees for selected deposit methods. Refer to the below list for a quick overview of CoinSpots Fees.