How to Buy Cronos (CRO)

Crypto.com Coin CRO enjoyed a stellar performance in 2021, powered by a bullish mood in the crypto market and rising adoption of its ecosystem by dApp developers and users. These factors helped drive the Cronos price and market cap, taking it into the top 25 cryptocurrencies by market capitalization.

While it is impossible to make an accurate CRO price prediction over time, the fundamentals of the cryptocurrency could point to it being an exciting asset to invest in. As the native token of one of the biggest cryptocurrency exchanges in the world, the CRO price could tick higher as more users sign on to trade on Crypto.com.

In this regard, bullish sentiment in the crypto market can significantly bump the Cronos Chain price and market cap. As more traders flock to the market and the exchange, the CRO token (formerly known as Crypto.org Coin) could enjoy higher traction as both an asset to trade or invest in and hold.

Crypto.com renamed its utility token CRO to Cronos in Q2 2022 as part of its efforts to foster the Cronos ecosystem. As of June 2022, the rebranding process is still incomplete, due to which the CRO token is listed in several exchanges under different names, including Crypto.com Coin, Cronos, and Cronos Chain (formerly known as Crypto.org chain).

Crypto.org, the brand behind the Crypto.com platform and Cronos Chain, aims to drive the adoption of its offerings by the next wave of Web3 applications to onboard hundreds of millions of users to use online services. The changing of CRO is part of reinventing its identity as a comprehensive provider of all kinds of decentralized applications and cryptocurrency projects, beyond DeFi and into the world of GameFi and the metaverse.

Using several bridge protocols, you can bridge CRO from the EVM-compatible Cronos Chain to the Ethereum ecosystem. One of the most convenient options to use is the Cronos Bridge, the official project of the Cronos Chain that supports token swap and cross-chain transfer of digital assets.

1. Create an account on Cronos Bridge if you are a new user, and connect your wallet to the bridge.

2. Head to the Swap section within the interface after logging into your account on Cronos Bridge.

3. Select CRO as the token you wish to swap or transfer using the bridge.

4. In the From field, enter the network as Ethereum.

5. In the To field, enter the destination network, which in this case would be Cronos Chain.

6. Enter the number of CRO tokens you wish to bridge from Ethereum to Cronos Chain.

7. Before confirming the swap, verify your transaction details, including the network fees.

8. It will take some time for the transaction to be confirmed and completed.

There are several options for staking Cronos (CRO), including:

Crypto.com App

You can stake CRO via the Crypto.com payments app to avail a Crypto.com Visa metal card. You can earn up to 5% CRO rewards whenever you use this card.

This option also gives you Crypto Wallet Benefits, including discounts on purchases through the app and additional cashback offers. In addition, staking CRO via the app lets you enjoy higher APRs on Crypto.com’s Credit and Earn services.

Crypto.com Exchange

Using the Crypto.com exchange to stake CRO lets you enjoy discounts on trading fees on the platform. In addition, it entitles you to earn a daily APR of up to 10% as of June 2022.

Staking CRO on the exchange also allows you to earn a bonus via the Referral Program and CRO cashbacks via the Pay Rewards program. You can earn up to $5 monthly cashbacks when making payments to other users.

DeFi Protocols

Several leading DeFi platforms also allow you to stake CRO and earn attractive interest. Perform research to find the best platform based on its reputation, latest rewards, lock-up periods, and transaction fees.