CRO is the native coin of the Crypto.org and Cronos chains. The coin was originally known as Crypto.org Coin (CRO), but in February 2022 it was renamed Cronos (CRO). For more information, check the Cronos wallet page.
You may find it difficult to distinguish between Crypto.com, Crypto.org chain, and Cronos chain. Below is a table that might help clarify it.
|Crypto.com is a global cryptocurrency platform that offers a custodial trading app, a crypto exchange, Visa payment cards, an NFT platform, and a self-custodial software wallet.
|Crypto.org is a proof-of-stake Cosmos chain that is used by Crypto.com as the backbone for payments and other high-throughput transaction processing.
CRO is the native token of the Crypto.org chain, where it is referred to as Native CRO.
|Cronos is an EVM-compatible layer 1 chain, where independent developers have deployed hundreds of DeFi, NFT and Web3 gaming applications.
CRO is the native token of the Cronos chain, where it is referred to as CRC20 CRO.
The Native CRO (on Crypto.org chain), the CRC20 CRO (on Cronos), and the ERC20 CRO (on Ethereum mainnet) are three cryptocurrencies that share the same token name, symbol, and value, but are actually different crypto assets using different chains.
Ledger Live supports all three versions of CRO.
When managing CRO, for example withdrawing it from a crypto exchange into an account of your Ledger wallet, you need to make sure that you choose the correct blockchain network that will facilitate the transfer:
- If you are intending to send CRO using the Crypto.org Chain, you will need to send it to an address that starts with ‘cro‘.
- If you want to send CRO using the Cronos chain, you will need to use a ‘0x’ address.
- If you want to send CRO using the Ethereum mainnet chain, you will also use a ‘0x’ address, but on the Ethereum network.
- When sending Native CRO (Crypto.org) to a centralized wallet, it’s often required to add a memo tag to the transaction.
- When sending CRC20 CRO (Cronos) from a self-custodial wallet, you will incur some small transaction fees on the Cronos network (usually around one cent of a dollar).
- When sending ERC20 CRO (Ethereum) from a self-custodial wallet, you will incur transaction fees on the Ethereum network. Keep in mind that the transaction fees on the Ethereum network can be significant.
Things to keep in mind:
- When sending or receiving CRO, please double check the network. Pro tip: Send a small amount first and verify that the transaction was received before sending larger amounts.
- The value of CRO is the same no matter which chain is used.
- To stake on Crypto.org Chain, you need to use the Native CRO (Crypto.org), not CRC20 CRO or ERC20 CRO.
- The Crypto.com custodial app and the Crypto.com DeFi wallet support all three versions of CRO (Crypto.org, Cronos and Ethereum mainnet).
- If you’re holding ERC20 CRO on a crypto exchange other than Crypto.com, please follow their instructions for transferring and managing the tokens.
- If you need to move tokens from one chain to another chain without going through a centralized exchange, you need to convert them from one format to another. This process is called bridging.