CRO Deposit & Withdrawal Information on Exchange | Crypto.com Help Center (2024)

The Crypto.com Exchange is now supporting CRO transfers on the native CRO network (also known as the Cronos Chain Mainnet).

Cronos Chain is a public, open-source and permissionless blockchain - a fully decentralized network with high speed and low fees, designed to be a public good that helps drive mass adoption of blockchain technology through use cases like Payments, DeFi and NFTs.

Cronos Chain has the following key-value propositions:

CRO Deposit & Withdrawal Information on Exchange | Crypto.com Help Center (1)

Prior to the Mainnet launch, all CRO transfers on the Exchange are processed on the Ethereum network called ERC20. ERC20 CRO tokens are created and hosted on the Ethereum blockchain, where ETH network fees are required to carry out crypto transactions.

Customers have the option to withdraw native CRO on Cronos Chain which features a lower transaction fee than the Ethereum network. Additionally, the Cronos POS Chain is featured with a faster processing time than the Ethereum network, and this allows you to deposit and withdraw your Cronos Coin quicker than CRO (ERC20).

We highly recommend the existing CRO holders to transfer to the native CRO network as soon as possible to enjoy the benefits of the Cronos Chain.

  • A native CRO address on the Cronos Chain Mainnet starts with “cro…”. Also, a memo is required for sending native CRO to a centralized wallet.

  • An ERC20 CRO address on the Ethereum network starts with “0x…”

See Native (Mainnet) CRO vs ERC20 CRO comparison table below for more information.

The same way you would currently deposit and withdraw funds on the Crypto.com Exchange, simply follow the steps below:

  • To deposit on the Crypto.com Exchange, please reference this FAQ.

  • To withdraw on the Crypto.com Exchange, please reference this FAQ.

Difference

Native CRO

ERC20 CRO

Chain

Cronos Chain

Ethereum

Address Format

Starts with “cro…”

The memo is required for sending native CRO to a centralized wallet

Starts with “0x…”

Withdrawal Fee

In CRO:

~0.001 CRO (~$0.0002 USD)

In ETH:

~100 CRO (~$20 USD)

On-Chain Confirmation

10 seconds

5 to 30 mins

depending on the ETH network traffic and fee tier

Related Articles

Deposits and Withdrawals on the Exchange

CRO Deposit & Withdrawal Information in Crypto.com App

All about CRO Token Migration

Send and receive CRO - the difference between native CRO and ERC20 CRO

How to choose a Network when Depositing/Withdrawing Crypto?

CRO Deposit & Withdrawal Information on Exchange | Crypto.com Help Center (2024)

FAQs

How do I contact crypto.com customer service USA? ›

Please note that any complaints regarding any other product or services o ered by the Crypto.com group must be addressed to contact@crypto.com.

How to transfer money from crypto com exchange to bank account? ›

How can I withdraw funds back to my bank account?
  1. Go to your Fiat Wallet from the Menu and tap Transfer > Withdraw > Fiat.
  2. From your TRY balance, tap Withdraw TRY.
  3. Review the withdrawal process and tap Withdraw Now.
  4. Input the withdrawal amount and select the bank account you are withdrawing funds to.

Can you cash out cronos? ›

Customers have the option to withdraw native CRO on Cronos Chain which features a lower transaction fee than the Ethereum network.

What happens if you send CRO without memo? ›

Both an address and a tag/memo are required to receive cryptocurrency. If you send funds without a tag/memo or with an incorrect Tag/Memo, your funds cannot be credited to your account.

Is crypto com located in USA? ›

Crypto.com is a cryptocurrency exchange company based in Singapore that offers various financial services, including an app, exchange, and noncustodial DeFi wallet, NFT marketplace, and direct payment service in cryptocurrency. As of June 2023, the company reportedly had 80 million customers and 4,000 employees.

What is the phone number for Blockchain customer service? ›

If you have a complaint, please contact Blockchain.com, Inc., at support@blockchain.com or 1-888-552-1019.

How do I withdraw crypto directly to my bank account? ›

Let's see the quick steps.
  1. Step 1: Create a Crypto Exchange Account. ...
  2. Step 2: Open a New Crypto Wallet. ...
  3. Step 3: Send Bitcoin to Your Exchange Account. ...
  4. Step 4: Swap Your Bitcoins for Fiat Currency. ...
  5. Step 5: Withdraw Your Funds to Your Bank Account.
Dec 26, 2023

How long does it take to withdraw from Crypto com to bank? ›

Withdrawals- Processing Time

Withdrawals to an external address may take 2-3 hours to process. Withdrawals to the Crypto.com App are instant.

How do you withdraw from a crypto exchange? ›

Broker exchanges

You simply deposit your cryptocurrency into a crypto exchange/broker of your choice and request a withdrawal in one of the available fiat currencies. It is a simple, easy and secure process; however, it takes around 4-6 days to get the money in your bank account.

What is the wallet address for Cronos? ›

A Cronos (CRO) wallet address will have the following format: 0x4184CED912A14E6AD2Ad4F4Cb3026aC866153c4d. Passphrase: A security key that can be understood as a password consisting of any 12 English keywords. If you want to perform the wallet recovery operation, you must go through the Passphrase login step.

What network is CRO on? ›

CRO is a multi-network Token supported by Ethereum's ERC20 and Cronos Chain.

How to unlock cro? ›

Simply go to your CRO Wallet in the App and tap the 'Unlock' button.

Does crypto com report transactions to IRS? ›

Crypto.com sends Form 1099-MISC detailing taxable income from cryptocurrency to both customers and the IRS.

How to check crypto deposit status? ›

You can also check on the status of a transaction by going to the transaction page in your wallet and reviewing the pending section. a blockchain or block explorer, which is an analytics platform for observing transactions and wallet addresses on the blockchain.

How long does it take to unbond cronos? ›

Your unstaked CRO will be available to you after a 28-day unbonding period, as enforced by the Cronos POS Chain.

Who to talk to about crypto? ›

Investors can ask a financial advisor if they think cryptocurrencies are a good financial asset, how to invest in crypto, and if the advisor holds any crypto investments.

Is crypto com regulated in USA? ›

(d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA.

What is the phone number for crypto com arena guest services? ›

Guest Services provides complimentary wheelchair escorts to guests when requested. Escorts are available at any entrance or guests may make escort arrangements by contacting Guest Services at (213) 742-7FAN (326) when arriving to the venue.

How do I send crypto to email or phone number? ›

Coinbase mobile app
  1. Tap Transfer.
  2. Tap Send crypto.
  3. Select the asset.
  4. You can select a contact, scan the recipient's QR code, or enter their email, phone number, crypto address, or ENS name.
  5. Select Continue.
  6. Enter the amount of crypto you'd like to send.

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