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The ultimate guide to passively earning CRO
It’s no secret that I think crypto.com will eventually be the number 1 crypto exchange in the world and given how its native token Cronos (CRO) is an essential part of its ecosystem, it’s a good idea to have a strategy in place to maximize CRO earnings.
Below I cover the top 3 ways you can passively earn CRO. There’s a TL;DR before each section, but I advise you to read the whole thing to better understand the reasoning behind my strategy to maximize CRO earnings.
1- Cashback
TL;DR: Skip the free Blue 1% card. Get the 2% Ruby Visa card or the 3% Jade Green/Royal Indigo Visa card if you can afford it. Use the card on all your purchases.
The easiest way to earn CRO is through card cashback. If you’re going to spend the money anyway, might as well get something out of it. Anyone with a crypto.com account can apply for a free Visa prepaid card with a 1% cashback on most payments (you can check what’s excluded here). Despite being free, the 1% card isn’t worth it. 1% cashback is not that much and people I know who used it quickly realized the potential of accumulating cashback and upgraded to the 2% or 3% card.
I think the 2% Ruby card is perfect for beginners, despite requiring a 6-month 350€ or $400 locked stake. Even if you don’t take CRO’s valuation into account, getting 2% back on all your purchases compounds quickly and can mean hundreds of Euros or dollars saved and/or reinvested every year. You also get a 100% rebate on your standard Spotify subscription. I use a Curve card to pay for all my purchases, top-up my crypto.com card with the exact amount I spent, and use Curve’s Go Back in Time function to have the payment made through the crypto.com card.
If you have the money for it, The Jade Green/Royal Indigo card is also a very good option. It requires a 3,500€ or $4,000 6-month locked stake, but your cashback increases to 3% and your money will be earning 10% p.a., paid weekly in CRO to your wallet. Besides the Spotify rebate, you also get a 100% rebate on your Netflix subscription (up to $13.99) and gain access to airport lounges. 3% on everything is a nice discount and that CRO will be useful during the next step of this strategy.
