Earlier this year there was a contest here on Publish0x about the crypto market in 2022 and I highlighted Russia's aggression would be one of if not the top factors for the market in 2022 (if you care to read about that post I have attached it here). Now that Russia has begun its invasion of Ukraine markets have been on a crazy roller coaster ride crypto included. Crypto has never been for the faint of heart as the volatility has continued to be an issue for some regular investors. That being said the advice I have given my friends and colleague is simple. Stay calm and ride this wave out.
While the last year has had a large number of additions to the market getting crypto back on purchases has been one of if not the easiest way to stack sats and really grow your Bitcoin holdings. For me, it has actually allowed me to transition from buying Bitcoin to instead having my rewards be in sats. With all of the cards out there one card when looking at the pros and cons for what I want to do, which is earn BTC as quickly and efficiently as possible, one card and app stand above the rest. The Fold App has been around for a few years now and last year they rolled out their debit card which has been a huge godsend to me!
If you do not have a Fold account sign up with my link here to receive 5,000 sats just for creating an account for free!
What separates this card from others is how they have simplified the process. Where Coinbase has you load crypto onto the card Fold has you load regular old fiat. If you live in the US this is very important because if you buy things with crypto the value of your purchase and what you paid for the crypto initially all has to be calculated for tax purposes. This leads to huge transaction logs people have to go through and so Folds use makes it very simple to navigate. You also do not have to hold certain crypto-like CRO with Crypto.com to get the best returns!
Fold started off as an app you could buy gift cards through to get Bitcoin back. While they have kept that as a key pillar to unlocking huge percentages in Bitcoin back they expanded with the debit card you could use on everything! They added their debit card and now everyone can sign up for it and it is something that is safe and reliable. Two versions of the Fold debit card exist and those would be a free version and a premium version which is known as Spin+. What sets apart Fold from others is that you can take a flat rate back in Bitcoin currently it is 1% for Spin+ users or you can spin the wheel. Which typically changes every month as they add and subtract different prizes here is the current one.
As you can see there are 18 different prices that you can win including more spins! Each with different odds which are as follows.
This adds a fun element to your purchase which is something that I enjoy! They also have a VR game called "enter the metaverse" where you can collect additional spins and up to 200 sats a day on top of the daily spin you get! Spin+ users also currently get an extra spin each day as it is which allows you to weigh the odds when you land on a 1.5% on if you want to go for more or not. For me the best way I have realized to stack my sats is to buy giftcards from my commonly used places like Amazon, Uber, Doordash, plus many many more and get the set percentage back from the gift card purchase and then spin the wheel. Since I am a Spin+ user I am able to have not only better odds then regular free card users but I get extra spins to be able to always be able to try again!
I would recommend Spin+ to anyone as even though it does have a yearly fee if you shop often especially at any of the gift card places you are rapidly able to get your money back. From there I actually withdraw my Bitcoin to Hodlernaut to be able compound my Bitcoin into even more. In less then a year I have earned back nearly 800,000 sats. This equates to over $300 in Bitcoin, at at price of $36,000, with only mild usage the first few months as I was interning and not really able to afford to much!
Please know I am not a financial advisor I am just someone who picked up on a trend and wanted to express it! Makes sure you always do your own research and never invest money you cannot afford to lose! If you enjoyed this article and would like to further support me below are a couple of referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_
Robinhood
Robinhood is offering a great signup deal if you use my link here where we will both be awarded free stock. All that you have to do is sign up and connect your bank account for the award! By also using my link here you also are added to the crypto wallet waitlist and like always both stock and crypto trading is commission-free! 🤝
Fold App
Offers daily wheel spins to win free sats daily! If you sign up for Fold with my link here you will get 5,000 sats for free!
Unstoppable Domains
Sign up using my link here and get a free $10 credit towards your first $40+ purchase!
Coinbase
Sign up for Coinbase and earn $10 of free Bitcoin when you buy or sell $100 in crypto with my referral here!
SMiles
If you are like me and walk to work every day this app rewards your walking with Sats! So far I have earned over 5,000 sats in just a couple of months walking to work! Here is my link!
