Native CRO is the native currency of the Cronos POS chain, which allows you to make near-instant CRO transactions with minimal fees. ERC20 CRO tokens are created and hosted on the Ethereum network, where ETH network fees are required to execute crypto transactions. Cronos POS Chain is a public, open-source, and permissionless blockchain network – a fully decentralized network with high speed and low fees, designed to be a public tool that facilitates the mass adoption of blockchain technology through use cases such as Payments, DeFi, and NFTs. Cronos POS Chain offers the following offerings: For more information about Cronos POS Chain click here. Native CRO and ERC20 CRO are different crypto assets, even though they share the same token name, symbol, and fiat value (1 Native CRO = 1 ERC20 CRO), make sure you understand the differences and confirm with your recipient or the receiving wallet when making CRO transactions.
| Differences | Native CRO | ERC20 CRO |
|---|---|---|
| chain | Cronos POS Chain – CRO | Ethereum – ERC20 |
| Address | Starts with “cro…” | Starts with “0x…” |
| Network | At CRO:≈0.001 CRO (≈0.0002 USD if CRO is about $0.2 USD) | At ETH:≈0.025 ETH (≈$45 USD if ETH is about $1800 USD) |
| Certificate | 10 seconds | 5 to 30 minutes depends on the network load and ETH fee rate |
| Using a | CRO Staking in Cronos POS | SWAP on the Ethereum network |
| Withdrawal fee through Crypto.com app or exchange | 0.001 CRO | 200 CRO |
How do I get Native or ERC20 CRO for Crypto.com Onchain? 1. Access the main
screen 2. Tap
[Receive]
3. Select CRO
4. You will see two tabs – “CRO” and “ERC20”, choose the appropriate tab according to your use of CRO on Crypto.com Onchain
5. Copy/share the QR code of your CRO address with the sender Note that you don't need to provide a memo to your sender to get Native CRO on your Onchain Crypto.com.
Why is there no Native CRO address memo on Crypto.com Onchain?
Crypto.com Onchain is a decentralized (not custodial) wallet where you are the only one responsible for your wallet and your crypto assets. Your native CRO address is unique to you and is not shared with other wallet users, so there is no memo in addition to your native CRO address to identify your wallet.
How do I ship Native or ERC20 CRO from Crypto.com Onchain? To send Native CRO on Cronos POS Chain:
1. Access the main screen/CRO
wallet 2. Tap [Send] and select CRO if you logged in through the main
screen 3. By default, the selected option should be [Cronos POS] Chain
4. Paste/scan the QR code of your
recipient's CRO address 5. Check if your recipient addresses require a receipt
memo 6. Tap
[Next]
7. Enter the amount to send and tap [Send]
8. Review your recipient's address (and memo if any), amount to send, estimated network fee, and total
amount 9. Tap [Confirm to send]
10. Confirm the sending transaction with your passcode (and 2FA code if available)
11. See the screen waiting to be sent and wait for confirmation on the network of your Native CRO submission
To send ERC20 CRO on Ethereum Network:
1. Access the main screen/CRO
wallet 2. Tap [Send] and select CRO if you have logged in through the main
screen 3. Select [ERC20] to send your ERC20 CRO via the Ethereum
network 4. Paste/scan the QR code of your
recipient's CRO address 5. Tap [Next]
6. Enter the amount to send and tap [Send]
7. Review your recipient's address, amount to send, estimated network fee, and total
amount 8. Tap [Confirm to send]
9. Confirm the sending transaction with your passcode (and 2FA code if available)
10. See the screen waiting to be sent and wait for confirmation on the network of your ERC20 CRO submission When is a memo required for a Native CRO shipment? Follow the following checklist to determine if a memo is required for your
recipient:- Ask your recipient if there is a memo for the Native CRO address.
– Was the recipient address created by a centralized or decentralized wallet? (The recipient will receive the “recovery word” if it is a decentralized wallet, in which case a memo is not required). – If you are still unsure, we recommend sending a small amount for testing to ensure that the recipient can receive the crypto. We will not be able to locate/reverse the funds if you do not include the memo when sending the Native CRO to a central wallet. How do I convert the ERC20 to Native CRO via Crypto.com Onchain? To convert your ERC20 CRO to Native CRO on Onchain Crypto.com, please follow the instructions of the CRO transfer tool in the app. Note that the native CRO cannot be converted back to ERC20 CRO through the CRO migration tool, so carefully consider your use cases before moving:
- Native CRO is required for Cronos POS Chain Staking via Earn
- ERC20 CRO is required to make a SWAP on the Ethereum network
If by any chance the native CRO needs to be converted back to ERC20 CRO, a temporary solution would be to deposit the native CRO on our main platforms – Crypto.com or exchange app and choose to withdraw CRO as ERC20 tokens.
