Crypto.org DeFi Wallet

[simpic]

Hello,
I open this thread about Crypto.org DeFi Wallet, I have tried to search for it here on forum but I can't see any topic about it.

I have 2 questions now:
- For staking CRO I have need to swap from Ethereum to buy CRO ERC20 token and then use migration tool to have native CRO. Couldn't I directly buy native CRO from DeFi Wallet and then save fees? How to do that?
- I finally staked native CRO tokens... but after some hours I get this message: "This validator  is currently being jailed". Have I to do anything to "unjail" it?



Thank you.

[Jawhead999]

1. You can't buy native CRO from DeFi wallet, but you can buy native CRO on crypto.com exchange then withdraw it to your Crypto.org DeFi Wallet. It will safe a lot of fee since crypto.org chain mainnet is cheap.

2. The validator is jailed due to misbehavior of the network. AFAIK you can't unjail him, except the validator itself request to unjail. I don't really know how long it will be to unjail it.

[simpic]

1. You can't buy native CRO from DeFi wallet, but you can buy native CRO on crypto.com exchange then withdraw it to your Crypto.org DeFi Wallet. It will safe a lot of fee since crypto.org chain mainnet is cheap.

2. The validator is jailed due to misbehavior of the network. AFAIK you can't unjail him, except the validator itself request to unjail. I don't really know how long it will be to unjail it.

Thank you for your replies.
Regarding 1)... isn't amiss that Crypto.com requires KYC for trading cryptocurrency? Shouldn't it be mandatory only in case of dealing with fiat?

[Jawhead999]

Thank you for your replies.
Regarding 1)... isn't amiss that Crypto.com requires KYC for trading cryptocurrency? Shouldn't it be mandatory only in case of dealing with fiat?

Yes it will require KYC of your full name, photo of your ID and selfie when you want to create an account. Nope, you still need to fill up the KYC even though using fiat.

I think there's no way to buy native CRO except this, if you worried about the KYC part IMO migration tool is better even though you will charged more fees.

[simpic]

Thank you for your replies.
Regarding 1)... isn't amiss that Crypto.com requires KYC for trading cryptocurrency? Shouldn't it be mandatory only in case of dealing with fiat?

Yes it will require KYC of your full name, photo of your ID and selfie when you want to create an account. Nope, you still need to fill up the KYC even though using fiat.

I think there's no way to buy native CRO except this, if you worried about the KYC part IMO migration tool is better even though you will charged more fees.

I know that, but KYC should be requested by exchanges only in case users include fiat in their trading activites, not in case of cryptocurrencies/tokens trades.

[anu1908]

I know that, but KYC should be requested by exchanges only in case users include fiat in their trading activites, not in case of cryptocurrencies/tokens trades.

it depends on the exchange itself. if they require kyc for crypto to crypto, then you can't do anything about it. just take a look at gate, you need to kyc with them even if you don't deal with fiat. so that's definitely possible. check out their tos/faq again if you're still unsure.

[simpic]

- I finally staked native CRO tokens... but after some hours I get this message: "This validator  is currently being jailed". Have I to do anything to "unjail" it?

I got again this situation and this time I have switched the validator. But, what about my previous rewards?