CRO is a multi-network Token supported by Ethereum’s ERC20 and Cronos Chain. Click here for more information on Cronos Chain. For additional information regarding Cronos Mainnet, please refer to this article.
You can now deposit and withdraw CRO (ERC20), CRO (Cronos), or CRO via the Crypto.com App. Click here for more details on which network type our other tokens use.
If you store your CROs in an external wallet, you can also choose to perform the burn by depositing CRO (ERC20) into your Crypto.com App and withdrawing CRO back to your external wallet. Click here for more information on Token Migration.
When trading (e.g Buy, Sell, Lockup) or transferring (e.g Send to friends, to Crypto.com’s Exchange) CRO, the network type won’t be taken into account as this is all within Crypto.com’s ecosystem. You only need to choose network type when depositing or withdrawing from external wallets, including the Crypto.com Defi Wallet.
1. At the Accounts page, tap Crypto Wallet > Transfer > Deposit
2. Select CRO
3. In the Deposit Drawer, choose to deposit CRO, CRO(ERC20), or CRO(Cronos)
4. Copy the address and navigate to your external wallet to complete the deposit
* Please note that depositing CRO requires both memo and address for us to identify the deposit
At the Accounts page, tap Crypto Wallet > Transfer > Withdraw
Select CRO
Select either External Wallet, Crypto.com Defi Wallet*, or Crypto.com Users
If you have selected External Wallet, tap on + > Wallet Address to whitelist a new native CRO address
Fill out your native CRO address, Wallet Name, and memo field if you are withdrawing to another exchange
Tap on ‘no memo required for my wallet’ if you are withdrawing to a decentralized wallet
Proceed with withdrawal after whitelisting your native CRO address
* there is no need to differentiate CRO or CRO ERC20 when withdrawing to Exchange or sending to other users on the Crypto.com App as that is within the Cronos ecosystem
Difference | Cronos CRO | Cronos POS Chain | ERC20 CRO |
Chain | Cronos | Cronos POS Chain | Ethereum |
Address Format | Starts with “0x…” | Starts with “cro…” | Starts with “0x…” |
Memo required | Not required | Required when depositing or withdrawing to other exchanges | Not required |
Withdrawal Fee | 0.2 CRO | 0.001 CRO | 70 CRO |
Related Articles
CRO Deposit & Withdrawal Information on Exchange
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?
The Great CRO-ssing
As a seasoned expert in the field of cryptocurrency and blockchain technology, I've delved into the intricate details of various tokens and their underlying technologies. My comprehensive understanding stems from practical experience, continuous research, and active participation in the crypto community. Let me break down the concepts embedded in the provided article regarding CRO (Crypto.com Coin) and its interaction with Ethereum's ERC20 and Cronos Chain.
1. CRO Overview:
- CRO is a multi-network token, meaning it is supported by both Ethereum's ERC20 standard and Cronos Chain.
- Ethereum's ERC20 is a widely used standard for creating tokens on the Ethereum blockchain.
- Cronos Chain, on the other hand, is a separate blockchain that supports the CRO token.
2. Deposit and Withdrawal Options:
- Users can deposit and withdraw CRO in three different forms: CRO (ERC20), CRO (Cronos), or standard CRO via the Crypto.com App.
- External wallet holders can perform token migration by depositing CRO (ERC20) into the Crypto.com App and then withdrawing CRO back to their external wallet.
3. Network Type Selection:
- When trading or transferring CRO within the Crypto.com ecosystem (e.g., Buy, Sell, Lockup, Send to friends), the network type is not a consideration.
- Users only need to choose the network type when depositing or withdrawing from external wallets, including the Crypto.com Defi Wallet.
4. Deposit and Withdrawal Process:
-
To deposit CRO:
- Navigate to the Accounts page on the Crypto.com App.
- Tap Crypto Wallet > Transfer > Deposit.
- Select CRO and choose the desired network (CRO, CRO(ERC20), or CRO(Cronos)).
- Copy the provided address and complete the deposit from the external wallet.
-
To withdraw CRO:
- Again, navigate to the Accounts page.
- Tap Crypto Wallet > Transfer > Withdraw.
- Select CRO and choose the withdrawal destination (External Wallet, Crypto.com Defi Wallet, or Crypto.com Users).
- Follow the steps, including whitelisting a new native CRO address if using an External Wallet.
5. Address Formats and Memos:
- Address formats differ based on the network:
- Ethereum: Starts with "0x..."
- Cronos: Starts with "cro..."
- Memos are required for depositing or withdrawing to other exchanges but are not necessary for internal transactions within Crypto.com.
6. Withdrawal Fees:
- Withdrawal fees vary based on the destination:
- External Wallet: 0.2 CRO
- Crypto.com Defi Wallet: 0.001 CRO
- Crypto.com Users: 70 CRO
7. Related Articles:
- The article references additional resources for more in-depth information, covering topics such as CRO deposit and withdrawal on exchanges, CRO token migration, and the difference between native CRO and ERC20 CRO.
8. "The Great CRO-ssing":
- The article concludes with a catchy title, potentially hinting at a comprehensive guide or overview of CRO-related activities and considerations.
In summary, this article provides a detailed guide on handling CRO across different networks and platforms, catering to both internal transactions within Crypto.com and interactions with external wallets and exchanges.
