Crane Coins (CNC) are rewards for completing activities, including tasks and transactions, on Crane. You’ll also receive CNC from referral activities. It’s a utility token you can earn and spend on Crane (or Crane-supported channels) only.
How to earn Crane Coins (CNC)
1. Completing transactions on Crane
We give CNC as a bonus after completing a transaction on Crane. The more you use the Crane app to receive money in crypto and subsequently convert it to naira, the more CNC you’ll receive. For example, you’ll receive 500 CNC if you convert crypto worth $100 to naira, while you’ll get 5,000 CNC for converting a digital asset worth $1,000.
The higher the transaction value you complete, the more CNC you’ll earn. For example, if you convert $100 worth of BTC, you’ll get 500 CNC. If you convert $1,000 worth of BTC, you’ll earn 5000 CNC, and so on.
Your trade level on the Crane app influences the value of CNC you’ll receive. For example, a Beginner (Level 0) on Crane will win 500 CNC if they convert BTC worth $100, while a Level 5 user will get 1,000 CNC if they convert the same amount of BTC.
2. Unlock a new badge or level on the Crane app
The more you convert crypto to naira on the Crane app, the higher your chances of unlocking new levels and badges on the Crane app. Each new level and badge comes with a CNC bonus. The level starts from 0 (Beginner) to 10 ( E Choke!).
To reach a new level, you need to convert a set amount of crypto to naira. Each level comes with a multiplier effect. This means subsequent CNC bonuses will be multiplied by the multiplier effect of your level. For example, if you’re on level 1 and convert $500 worth of crypto to naira, you’ll receive (5 x $500) CNC + 2,500 CNC for unlocking level 2. In total, you’ll receive 5,000 CNC for that transaction. The multiplier effect of each level on Crane varies.
The requirements and CNC bonus for each level on Crane are listed below:
Conversion requirements (in $) | Levels | CNC multiplier effects | CNC benefits for unlocking each level |
0 | 0 (Beginner) | x5 | Nil (it’s the default level when you join the app) |
100 | 1 (New Blood) | x5 | 1,000 |
500 | 2 (Apprentice) | x5 | 2,500 |
1,000 | 3 (Go-getter) | x5 | 5,000 |
2,000 | 4 (Banger Boy) | x5 | 6,000 |
5,000 | 5 (B-List) | x10 | 7,000 |
10,000 | 6 (A-List) | x10 | 8,500 |
20, 000 | 7 (Man of Culture) | x10 | 10,000 |
30,000 | 8 (Senior Man) | x15 | 15,000 |
70,000 | 9 (Godfather) | x15 | 20,000 |
100,000 | 10 (Doings) | x20 | 50,000 |
Unlike levels, badges aren’t tied to crypto conversions only on Crane.
The table below shows the badges on Crane, the requirements to earn them, and the CNC bonus you’ll receive after gaining a new badge.
Badge | Requirement | CNC benefits |
Watchful Eyes | Set up your first crypto alert | 50 |
Preacher | When the friend you refer completes a conversion on Crane | 200 |
Auto Pilot | Set up your first auto-convert. | 500 |
Early Bird | New user. | 500 |
Leader of Men | Reach the first position on the leaderboard. | 700 |
Treasure Hunter | Earn 100,000 CNC. | 1,000 |
Prophet | When all three or more friends you refer complete at least one transaction on Crane. | 5,000 |
Apex Predator | Stay at the top of the leaderboard for 7 days. | 50,000 |
E Choke! | Convert $10,000 worth of crypto to naira. | 70,000 |
3. Through referral activities
We appreciate it when you tell a friend about us. It’s even better for you when your friend signs up, uses our app to receive payments in crypto, and converts the crypto to naira.
These are the CNC rewards you’ll win when you share your referral tags with friends:
- 25 CNC for every crypto-to-naira conversion your referred friend completes. You will stop receiving the bonus from your referred friend’s transactions after earning 25,000 CNC.
- A one-time 200 CNC bonus for unlocking the Preacher badge once your friend converts crypto worth $1 to naira.
4. Position on Crane’s Leaderboard
The leaderboard is a weekly ranking system that shows Crane users’ conversion activities. It displays the top 20 users with the best transaction activities.
Every midnight on Sunday, the top 20 users on the leaderboard are compensated with CNC. The more transactions you complete on the Crane app, the higher you grow on the leaderboard and improve your CNC earnings.
The CNC reward system works like this:
5. Complete Know Your Customer (KYC) registration
KYC is a mandatory direction from the Central Bank of Nigeria to document and verify the identity of every customer. Besides helping us stay accountable to financial regulators, KYC helps us protect your account.
We have three KYC tiers on Crane (tier 1, tier 2, and tier 3), with a CNC bonus attached to achieving each new tier.
The table below shows the requirements to complete a KYC tier, their limits, and the CNC reward attached to finishing each tier.
Requirements & Limits | Tier 1 | Tier 2 | Tier 3 |
CNC bonus | 500 | 1,000 | 1,500 |
Phone Number | ✔ | ✔ | ✔ |
Email address | ✔ | ✔ | ✔ |
BVN/NIN | ❌ | ✔ | ✔ |
Identity documents (National ID card, International passport, and Driver’s license) | ❌ | ❌ | ✔ |
Selfie scan | ❌ | it applies only when you don’t have access to the phone number attached to your BVN or NIN | ✔ |
Crypto conversion limit | can receive and convert unlimited crypto | can receive and convert unlimited crypto | can receive and convert unlimited crypto |
Daily withdrawal limit | ₦500,000 | ₦4,000,000 | ₦10,000,000 |
Single transaction withdrawal limit | ₦500,000 | ₦1,000,000 | ₦2,000,000 |
6. Activate security features on the Crane app
No one likes to lose their money. But lax account access increases your chances of theft. To increase account security, you can activate two-factor authentication (2FA). 2FA ensures only you—the authorised user—can access your Crane account.
2FA requires double identification methods, hence the name. After providing your regular username and password, you must add another identity to access the app.
The authentication options on Crane are:
- Username and password (mandatory)
- Biometrics, e.g., face ID for Apple users and fingerprints for Android customers
- One-time passwords (OTPs) from an authenticator app like Google Authenticator, Microsoft Authenticator, or Twilo Authy.
You’ll receive CNC as a bonus after activating biometrics and setting up Crane on your authenticator app. Here’s a table showing the CNC rewards:
Feature | The CNC reward |
Biometrics (e.g., face ID and fingerprint) | 500 |
2FA activation on an authenticator app | 50 |
How you can spend Crane Coins on Crane
CNC only works on the Crane app and other affiliated communities. You can use CNC for airtime recharge, data subscription, or cash swap when it reaches 10,000. However, you’re eligible to spend CNC only after completing a transaction worth at least $20 on Crane.
Basic CNC Conversions you should know
- 10 CNC = ₦1
- 10,000CNC = ₦1,000 in cash trade-in