So as of right now, I’ve made an extra $204 just on Bitcoin. And then I’m going to keep doing it that leverage my other coins, buy more Bitcoin, leverage my other coins, buy more Bitcoin. So in this video, I’m going to be sharing with you guys, how to create passive income through cryptocurrency. I’m going to go over my portfolio with you guys share my strategy. So if that sounds interesting, definitely stick around watching the entire video, give this video a big thumbs up because your mind is about to be you alone. I am not a financial advisor. This is not financial advice. So definitely do your research and due diligence before you make any financial decisions. Guys, always, everybody hope you guys are doing well. If you’re new to the channel, welcome, my name is Eddie. And first of all, this channel is not a cryptocurrency channel.
So this is probably going to be one of the weirdest videos that I do make on my channel. But I do love talking about wealth, building, passive income investing. So I do hope that this video does help one of you out there. So there’s a company called crypto.com. You can download their app on your iPhone or your Android. And they’re an amazing company. They’re a company that I really do believe in. They aren’t exchanged like Coinbase, Gemini, Binance, crackin, but one of the biggest reasons why I love crypto.com is their staking platform. They allow you to stake your coins, such as Bitcoin, like Kwon and XRP, Ethereum chain link, but you can also stick USB-C coins, which is what I’m going to be talking about in this video. And when you stake USD coins, you could earn up to 12% on your money. 12% annually, your bank only provides a what is it?
1% or even less than a percent. I don’t even know, but it’s way better than keeping money in your savings account versus this platform. That means that if you have $10,000 in your savings account right now, and you haven’t touched it for years, you can literally transfer it over to crypto.com. Stick it for an entire year. And at the end of the year, you’ll have an extra $1,200 just like that by doing nothing. And that’s what passive income is your money, making you more money by you doing nothing. So first I’m gonna explain the process with you guys that I’m going to show you guys the app on my phone. Then I’m going to share what I would recommend doing. If I were you. I can’t tell you what you can and cannot do, but I’ll explain so first you guys can use my referral link in the description box.
If you click on that and register with that, you will get a free $50 signup bonus. And I will also receive a bonus as well. But if you are watching this video after October of 2020, the referral bonus is now $25 instead of $50. So if you’re thinking about doing it now is a great time. It may take a few days for you to get approved, but it can be as quick as the next day. So now I’m going to show you guys the crypto.com app and how you can earn interest on your money and then show you the entire process of percentage. And I’ll show you guys right now. So you’d open the app up. And one of the reasons why I love the crypto.com app, because it’s beautiful compared to other apps that I’ve used. It’s one of my favorite apps and layouts for sure.
Currently my account is up, which is always nice to see you’re going to go to the down button, which is their logo. And once you open this section up, you’re going to see the finance section. You’re going to click earn. So within a month and a half, I have a total earnings of $68. Now you might be thinking that’s not a whole lot, but I’m going to show you guys my strategy. And over time that compounds and it grows and it grows next. You’re going to click the top, right plus button, then click USD coin. And when I see these rates, 8%, 10%, 12% amazing. If you don’t need your money for more than a year, then you can go for the three month term. If you feel like you need it soon, one month is okay. And if you’re uncertain, go with the flexible option.
Once you choose it, you press continue. You check all four boxes continue. Then you have to stay a minimum of 250 USD coins, which is $247 and 87 cents. Now, if you’re only staking $250, I think investing that into yourself is going to be a much better investment. So this works really well for those that have a lot of extra money sitting in their savings account, that they aren’t really touching at the moment. I don’t have 250 USD sequence because they’re all staking right now. But if you go to the home button, you can click trade by and by USD sequence directly through the exchange. So 250 USCC, and then you can buy it. There is a slight fee, but if you want to avoid that fee, you can exit out click transfer deposit, then a deposit Fiat, and then you can transfer funds from your bank account to your crypto.com app and then purchase USCC coins without the fee.
It does take time for your funds to arrive in the app. But you know, there are pros and cons. You either want it immediately, or you can be patient and wait. So for me, I have a one month term with XRP. I make 4.5% off of that 10% on the USBC coins, lock it up for a month that I have a three month term with Bitcoin, which is a 6.5%. Then a one month term with Ethereum, which is 4.5%, one month term with Bitcoin, 2% with chain link, 2% with basically attention coin one month term with tasers, another one month term with Ethereum and a three month term with 250 USD coins. The longer you stake them, the more you can earn stake them shorter, earn less. So you’re probably wondering Eddie, why don’t you just go through months with all of them? But my strategy right now is to leverage alt coins to buy more Bitcoin because at the end of the day, Bitcoin is going to be king over all these coins.
Bitcoin’s never going to disappear. It’s always going to go up in value. And so for me, I’m just leveraging all the old coins, getting interest on them and I’ll sell them short term to buy more Bitcoin. Another thing that I like to do is all the earnings that I get. I like to convert them into Crow coins and the convert, those CRO coins to Bitcoin. So I’m gonna show you guys real quick. If you go to the top, right, you see kind of like this arrow box with a yellow dot. If I click on that, I can convert all my small balances. So my small balances are here. USBC quad, four-door ripple $4, Ethereum, $2, $1 50 50. So what crypto.com allows you to do is to convert all those balances to CRO coins. So I’m gonna click that box with the arrow, yellow dot convert. Now six small balances, click on that. Converting all my USCC tasers bat. Chain-Link Ethereum ripple. Oh, max five. So I can only do five at a time. We’ll do these five first. Boom, I get 89 Crow. Awesome.
And I’ve received 89 Crow. I’m going to convert my last balance. USCC coin, convert to Crow. Wonderful. So next, I’m going to go to accounts, click on crypto.com coins, then sell my Crow. So 166 coins because I’ve converted all my balances to Bitcoin sell 166 crows, and then I’m going to confirm, and now I’ve sold 166 crows and bought Bitcoin instead. So what I’ve been doing is make interest on my other coins and my U S DC coins convert those into Crow. Then convert those into Bitcoin so that I can get more Bitcoin. So as of right now, I’ve made an extra $204 just on Bitcoin. And then I’m going to keep doing that. Leverage my other coins, buy more Bitcoin, leverage my other coins, buy more Bitcoin. If you’re wondering what a USCC coin is, it’s a stable coin, which means it’s pegged to the dollar.
So that means $1 equals one USBC. It doesn’t go up and down in value. It’s an ERC 20 token. It is an Ethereum network based token. So it’s extremely, can’t say extremely safe, but it’s pretty safe because it’s backed by a lot of well-known companies and the U S bank. So if you do feel a little uncomfortable, do some research, try with some small balances first, and then once you’ve understood cryptocurrency invest the amount that you feel comfortable with. Now, I’ll share with you guys what I did for my wife and what I would do. If I were me now, what I did for my wife, Stella, I signed her up for the Ruby red card. When you sign up for the Ruby red visa card, it’s going to cost you 1000 star of tokens, which is about a hundred dollars. Once you sign up for the card, your 1000 CR token is automatically stake and you get your $50 bonus on top of that, you do get a Spotify reimbursement, which is worth up to 1299 a month onto your account.
So I’m gonna show you that the one-year projection of getting the Ruby red card. When you get the Ruby red card, it’s going to cost you around a hundred dollars. At the time of making this video, you get a $50 sign up bonus 1290 $9 a month. On top of that, you make 10% interest on your initial hundred dollars. That means your initial hundred dollar investment now becomes $315 and 88 cents after one entire year, assuming that the CRO tokens still phase within the 10 cent range. Now, if the CRO token goes up in value, that means that you will have more than $315 in your account. Now, if you do sign up after November 2nd, then you do have to stay a minimum of 2,500 Crow tokens, which is about $250. And you would only get $25 for the signup bonus because the $50 bonus ends at the end of October, you’d still make 10% on your $250 investments.
That means that your initial investment of $250 has now become $455. Now, if the only stake a thousand crows, you do get less interest on your coins and staking and your USCC coins. So if you stay at 1000 or less, your tokens, you only make 10% on a three month term on your USBC coins. But if you do stake 10,000 or more CRO tokens, you do get 12%. So by sticking more Siara token, which is their utility token equals better rates on your interest. I do have their indigo card, which allows me to get 16% on my CRO tokens. On top of that, I get about $26 reimbursement every single month into my account, which allows me to buy more Bitcoin. The CRO token is crypto.com utility token. And recently there has been a huge, huge sell off because of an overreaction on a news and an adjustment they made on their rates.
But it also means it’s a huge discount. It’s almost a 45% discount from their all-time high. Like imagine if apple said that iPhone 12 was going to be on a 45% discount. That’s exactly how I see this opportunity right now. If you are new to investing, if you look at the CRO history, it’s been on a huge run-up. And so a correction was necessary and a correction is very healthy and very necessary. And it looks like we’re finally seeing some support and reversal in the price. So it may go back up. I could be wrong. It may be lower by the time you’re watching this video, but it doesn’t really matter to me about the short term ups and downs, because I do plan on holding these a bit long-term but I’m going to show you guys the visa card that they sent over. Look at that.
That’s such a beautiful card. It’s extremely sturdy. I want to show you guys the back, but I’m not, I’m not going to without showing you guys my number but it’s an excellent card. I love it. And they also give a 3% cashback reward on every spending you make with this card. Incredible 3% back. Now, if you’re thinking that’s too good to be true, hacky, earn 10, 12% on your money. I’m not going to go over everything in this video, but in short the bank, that’s what they pretty much do, right? They take our money in our savings account. They make more money off our money and they decide to just return 1% annually back to us. But cryptocurrency allows people to have control over their finances and their money. And it’s going to be extremely powerful in the future. You see different countries and different places where the baking system is extremely broken.
So a lot of people actually rely on Bitcoin and cryptocurrency as a form of payment versus their currency. Crypto.Com is FDI and short up to $250,000. On top of that, all of our funds are actually stored in cold wallets. Cold wallet equals offline wallets, hot wallets, equal online wallets. If crypto.com for some reason ever got hacked, our funds would be extremely safe. And crypto.com is actually the ones that will be taking the hit. They’re also partnered up with ledger, which is a hardware wallet company. When it comes to the world of crypto, it is it’s a whole new world. And when I talk about wallets, it can sound extremely confusing, but it’s going to be a huge part of our society and our culture in the next, at least 10 years, for sure, this right here is the ledger Neto X, and it opens up.
And it’s basically like an electronic wallet with my personal keys where it’ll keep all my fun safe. So I don’t have all my funds in crypto.com. I do store some in cold storage, cold wallets to make sure that, you know, I have my funds in different areas because you don’t want all your eggs in one basket. Also when it comes to investing, you always want to diversify. So don’t put all your funds into crypto. I do have my funds in a Roth IRA and my investment accounts here elsewhere. It like, you just invest as much as you can. And diversify also, crypto is not a get rich quick kind of thing. So don’t expect to put all your money in and expect to become a millionaire overnight. Also don’t freak out when your account is down 10%, 20%. My account fluctuates like couple hundred dollars every single day.
I remember one time my account was down by a couple thousand dollars, but you know, that’s kind of normal in this world, right? If that happened with my stocks, I think I’d freak out just a little bit, but cryptocurrency is definitely a lot more volatile than the stock market. My personal opinion. I look crypto.com. They already have 5 million users on top of that. They’re aiming to get 15 million users by the end of next year, which is 20, 21 and hundred million users by 2025. To me, that sounds very possible. I mean, when you think about PayPal integrating Bitcoin now into their payment system, there’s over 300 million users on PayPal and what every one of them start to use Bitcoin as a form of payment, it’s going to be at the beginning of adoption, right? Square put 1% of their assets into Bitcoin that is $50 million. And imagine if PayPal and square are making these moves and wait until other companies start to catch on as someone who loves the internet and e-commerce and forms of payments.
Bitcoin just makes a lot of sense to me, especially with inflation going on around the world and Bitcoin going up in value. I can talk about this for such a long time, and it feels very weird. Me talking about this with you guys, but I hope that this video brought you guys a lot of value and gave you some perspective on the digital forms of payments, such as Bitcoin. One of my goals right now is to fund my cryptocurrency account to 50,000 and my dividend portfolio to 50,000. That way I’ll have two streams of passive income that it can either reinvest, or I can have it pay for all my bills and eventually my living expenses and my groceries and my payments and everything. That would be amazing, but that is the beauty of investing. So I will probably talk more about investing and finances on this channel, just because that’s something that I love to talk about and passionate about, especially as a Korean American, just because we don’t really talk about this stuff, but if you found this video of value and helpful and or entertained, give the city a big thumbs up, share it with anybody you think that might be interested.
And if there’s any question that you guys have, let me know in the comment section down below, I would love to help out feel free to reach out and I will end up there. I hope you guys have a wonderful day. Good night, good morning. Out of USAA.