Increase your current crypto holdings: Risk free!(For BAT, BTC, BNB, ETH)

Increase your current crypto holdings: Risk free!(For BAT, BTC, BNB, ETH)

By MadMaxx | Psycho Crypto | 19 Jul 2020


Crypto has one particular wow factor. And that is the fact that there are many ways to increase it completely free.

Staking, mining(technically not free), saving, liquidity pools and, best of all, trading!

However, most of these methods are very risky. You could lose all your money through some of them, and you can eveno lose more than your initial capital through some as well!

In this article, I'll show you how you can I create your BAT, BTC, BNB and ETH for free, with different methods for each. The best thing about the methods I'm about to show you is that they're both free, and most importantly, they're both risk free.

But before we get into the article, I do have a telegram group where I share setups and educational content. I caught the 2x on DOGE, and the 10x on NIM, and those trades were shared publicly. I have also created a very comprehensive technical analysis course and will distribute it through the group. Join here if you're interested.

Let's get started!

Method 1: Binance Savings

Coins it works for: All of them.

Procedure: 

  • Create your Binance account here.
  • Set up 2FA and a strong password. This is very important since you're basically holding your cryptocurrency there.
  • Send the crypto of your choice to your Binance wallet
  • Go to the "savings" section of the app.
  • Pay your desired cryptocurrency into the savings wallet, and begin to earn a yearly APR.

This method is so simple and completely foolproof. All you need is your cryptocurrency and Binance account, and you're good!

There are no drawbacks to using this method, as Binance is a world leader in cryptocurrency exchanges, and they give a pretty decent APR.

 

Method 2: Compound.Finance

Coins it works for: BAT and others (with a small tweak)

Procedure: 

  • Connect the Compound dApp to your Trust wallet.
  • Select the coin you want to save.
  • Authorise the payment.
  • Send the coin to the Compound area.
  • Start receiving APR immediately.

I have personally used Compound for over a year at this point, and I can boldly say it works very well. The only problem I have with it is that it's APR isn't stable. At a time, I was earning a whopping 24% on my BAT holdings, and today I'm not earning up to 5%. Equally, Compound has more DAI in holdings than there is in circulation, and that spells imminent doom for DAI.

To use Compound with the other cryptocurrencies, it's a really simple tweak.

  • Use ChangeNOW to exchange your BTC, BNB or ETH to USDC.
  • Deposit your USDC to the Compound interface.
  • Begin to earn  your APR!

Those are the ways I increase my stash for free! Let me know if you have any methods you use to increase your own stash.

Thanks for reading!

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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