How to transfer tokens to Cronos Blockchain simply

If you want to transfer tokens to Cronos but don't know how to go about it, this article is for you.

trangtran.c98

Published Nov 09 2021

Updated May 23 2024

3 min read

Prepare to transfer token to Cronos Blockchain

The gas fee gwei level on the Cronos is currently around $11.07/transaction. So, to make transactions, about 1000 CRO (~$0.17) can go a long way.

Prepare tokens

Since the majority of CEXs currently support CRO, you have complete freedom to choose where to make your CRO purchase(s). The most popular Cronos-supported exchanges include Coinbase, Crypto.com, KuCoin, and Gate.io.

Prepare your CRO wallet

It is necessary to have a non-custodial wallet after you buy tokens on CEXs to store tokens and interact with DeFi. At this time, many different wallets, including the Coin98 Super Wallet, can store CRO coins.

Following these simple steps, you can store CRO and other Cronos tokens on Coin98 Super App.

Step 1: Click on the Cronos wallet on the main screen.
Step 2: Select "Receive".
Step 3: Copy the wallet address or scan the QR code address and send your assets to this address.

Transfer tokens from other Blockchains to the Cronos Blockchain

After buying CRO and having a Cronos wallet (Cronos), you can participate in events or skin in the game in the Cronos Ecosystem, such as joining lending, yield farming or staking activities on this chain.

Typically, there are 2 methods for transferring tokens to the Cronos Blockchain.

To make it easier for you to visualize, I'll walk you through the process for the two methods listed above.

Option 1: Buy tokens on CEXs & withdraw to a Cronos Wallet

Transfer and withdrawal fees will vary depending on the exchange. If you want to transfer your assets, you should pick the CEX that is most convenient for you to use. I'll recommend a few popular exchanges here, such as Coinbase, KuCoin, Huobi, Gate, Crypto.com etc.

To begin with, you'll need USDT or USDC stablecoins in order to purchase. US dollars (USD) or other currencies in your country can be used to buy USDT if you don't have any stablecoin yet.

Option 2: Use Cross-chain Bridges to transfer tokens to Cronos

As Cronos has just been built for such a short time, Cronos Bridge is one of the best options to transfer assets to and from the Cronos blockchain. The bridge, however, only supports users to deposit/withdraw CRO between Crypto.org and Cronos.

To transfer Cronos Tokens from Crypto.org to Cronos, do as below:

Step 1: Click “Connect Wallet”.

Step 2: Select Crypto.org as the From chain, then select Cronos as the To chain.

Step 3: Enter the trading amount on the “Amount” box, the bridge fee will be automatically calculated accordingly, then click “Transfer asset”.

Step 4: A transaction confirmation will be sent to your wallet. Click “Confirm”, then wait untill it has done.

Transfer Cronos tokens from Coin98 Super Wallet

To transfer tokens from a decentralized wallet to another, follow these simple steps. I'll show you how to transfer CRO from your mobile wallet.

Step 1: Click the Cronos wallet.

Step 2: Choose Send.

Step 3: Select the token, the number of tokens you want to send & the wallet address to send to. Adjust the Gas fee slider to suit your needs → Slide the Send bar to confirm.

In addition, you can also go to the Send section on the main interface, then select the Cronos wallet you want to send from.

Note:

The gas fee for each transaction is paid with CRO, approximately 0.11 CRO.
The default gas fee on the Coin98 Super App has been set at the standard rate that offers the most optimized speed at a reasonable cost.

Skin in the game with Cronos blockchain

Although the Cronos blockchain has just been built in Q3 2021, it is now one of the most rapidly-developing ecosystems. Cronos is expected to have a blooming year in 2022 as many missing pieces of the whole infrastructure have gradually been filled.

Keeping an eye on this ecosystem will give you many opportunities to skin in Cronos, as you will be updated with the most recent significant changes in each network.

Learn more: Cronos Ecosystem Overview

CronaSwap

CronaSwap is the first decentralized exchange platform on the Cronos blockchain to offer the lowest transaction fees (0.25%). Users can swap CRC-20 tokens easily on the Cronos Chain network that guarantees superior speed and much lower network transaction costs.

Farming on CronaSwap currently has an APR in the range of 10 - 25%. Users can take full advantage of the tokens here.

If you're interested in learning more about the Cronos blockchain and the investment opportunities it offers, I recommend checking out this article. Hopefully, this will be beneficial to you!