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Tezos Ledger Nano X: Why I Stake My Tezos On My Ledger Nano X (2020)

In this review, we are going to see the SAFEST way to store your tezos ledger nano x, simulatenously! Tezos is self-amending, meaning that it does not need to go through regular hard forks in order to be upgraded. Even when hard forks are agreed upon by an entire network, they can create a lot of work for developers and node operators. Tezos has a more seamless upgrade process that does not involve regularly forking the blockchain. That said, it is possible for part of the network to decide to fork Tezos indeed, this has already happened during the initial KYC controversy.

The Tezos coin (XTZ) can be obtained through a number of prominent exchanges, including Kraken and Binance. Each exchange has different trading pairs, meaning that you can purchase XTZ by spending ETH, BTC, Tether, or fiat currency.

Traditional proof-of-stake, which is used in Ethereum’s upcoming Casper protocol, allows node operators to lock up their own tokens for a chance to validate blocks and earn token rewards. This system allows an unlimited number of nodes to vie for control over block validation, and the fact that countless stakers can exist makes the model highly decentralized. Unfortunately, staking is too expensive for many basic users: even if Ethereum lowers the minimum staking amount to 32 ETH, staking will still require thousands of dollars.

 

 

Meanwhile, delegated proof-of-stake (DPoS) allows users to stake their tokens in order to vote for a limited number of block producers. EOS, for example, elects only 21 block producers, all of whom are large organizations that must dedicate massive amounts of computing power. This model has come under fire for centralizing power in the hands of a few block producers.

However, delegation and voting make it possible for less wealthy users to have an indirect say over the course of the blockchain. Tezos combines these two models with its unique liquid proof-of-stake mechanism. This model allows up to 80,000 block validators or bakers to accept delegated tokens. Bakers must hold 10,000 XTZ, which is, again, thousands of dollars.

However, Tezos also allows users with smaller holdings to delegate their tokens to bakers and receive rewards in return. In other words, liquid proof-of-stake permits users to either become a full-fledged block validator or merely delegate tokens to validators. The following infographic gets into some of the specifics of the baking process, which involves unique features like a “quality assurance team” and a “bonding” or “cooldown” phase: Just like Ethereum and EOS, Tezos supports smart contracts, which are blockchain programs that can execute automatic transactions.

 

 

Tezos Ledger Nano X: How Do I Stake My Tezos On My Ledger Nano X?

 

 

Staking with Tezos (XTZ) – Earn money while holding crypto assets | Ledger Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network and, in return, holders are rewarded for their contribution. This can be compared to earning interest in a traditional bank. Tezos is a multi-purpose blockchain which uses a Proof-of-Stake protocol to secure its network. Token holders can delegate their accounts to a validator, who will be in charge of securing the network on their behalf.

 

 

Tezos Ledger Nano X: How Do I Set Up Baking Tezos On My Ledger Nano X?

 

 

The user may then earn the rewards generated minus validator’s fees. Discover Ledger Live When staking, you can earn a passive income by participating in the Tezos network via delegation. The current annual yield on Tezos is around 6%, minus a validator’s fees. You can use Staking Reward’s calculator to estimate your monthly earnings.

When you first start delegating, it will take roughly five weeks for you to receive your first rewards from your validator. After this, you can expect rewards about every 3 days. In Tezos, the current consensus mechanism is known as Liquid Proof-of-Stake (LPoS).

Token holders can delegate their validation rights to other token holders (called validators) without transferring ownership of their tokens. Contrary to other DPoS protocol, in Tezos you delegate your whole account. When delegating, your XTZ are completely liquid. You are free to move your tokens anytime as there are no freezing periods when delegating to a validator. There are no direct risks of delegating XTZ. The only risk you take is not earning the potential rewards.

 

 

How Can I Earn Passive Income With Tezos?

 

 

Carefully choose your validator to ensure quality of service and rewards. Select the Tezos account you want to delegate in Ledger Live Choose your validator (baker) by comparing estimated reward rate Verify and confirm delegation information on your Ledger hardware wallet Tezos token holders who are not interested in being a baker themselves can delegate their tokens to a validator to bake on their behalf.

When performing a delegation operation, you only send your baking rights to a validator: your XTZ stay on your wallet and remain yours. As you retain ownership of your assets, you can keep your XTZ on your hardware wallet while staking via delegation. This is the best way to keep your assets safe.

You can bake on your own by setting up a node and having at least 8.000 XTZ (8.000 XTZ is called a “roll”). Baking yourself requires you to run a Tezos node, a baker & endorser client. You should have a reliable Internet connection and high-availability servers. The more delegated funds a baker receives, the greater the chance it has to produce blocks and earn rewards.

 

 

Tezos Ledger Nano X: Final Verdict

 

Overall, this article gives you a high level view of how Tezos works and how you can make money by “baking” your coins to help validate transactions on the network. You can spend a lot more money and become a “baker”, however that is out of reach for most people. This is why I use my Ledger Nano X to earn passive income, WHILE keeping my private keys safe and in my possession.

Don’t be fooled and believe that you can only do this on an exchange. That is the WORST way to do this, as you are making the money, and letting them keep possession of your keys. It’s easy to setup and you don’t need ANY technical knowledge to do this. In the video above, it explains how I easily did this and how you can too.

If you own and believe in the Tezos Project, there is no reason why you should not be earning passive income while doing so, in the safest way possible. What are you waiting for? Get a Ledger Nano X now so you can safely stake your rewards and not risk leaving your private keys on on an exchange or hot wallet, where you are at risk!

 

FOLD App Review | How To Earn Free Sats Back In 2020

In this Fold App Review, I am going to discuss why this free app is a good way to start accumulating free bitcoin and start “stacking sats” as they say. I’m always looking for new ways to start accumulating more bitcoin and finding real world use cases where I can do so, outside fo buying it directly from an exchange.

This is primarily targeted for mobile use (using their iOS and Android app) for using this. If you want to learn about ways to earn free bitcoin while shopping on a desktop computer, then I would check out my full review of Lolli App, HERE.

I am going to touch on some of the basics of how much you can earn with it, how it works, who it’s really designed for, and my overall feelings of if it’s actually worth using. If that is what you’re looking for, then look no further!

Who Is The Fold App Intended For?

 

If you frequently make purchases with Amazon, Uber, Starbucks, Target, and Sephora (to name a few), then this app is for you. This app allows you purchase discounted gift cards, as well as earn free bitcoin (satoshis) for each purchase that you make. Once the order goes through, it’s credited to your bitcoin wallet within the app almost immediately.

This is designed not only to save you money on what you are already spending, but allows you to earn free bitcoin rewards for doing so. If you’re already spending at these places, why not get free bitcoin for doing it, right?

In the app, you can always see which vendors have offers and they are adding more all the time. Additionally, the discount your receive varies for each vendor. For example, Airbnb will give you 3% cash (bitcoin) back, but L.L. Bean will give you 10% back. The app is constantly updating to offer you the best deals.

How Does The Fold App Work?

 

 

This works for both online and physical locations. Since it’s gift card based, once you make a purchase in the app, it will generate a gift card and a bar code on your screen, for the cashier to scan and use directly.

This will also provide a “gift card code” for you to enter at on-line checkout and you can mix and match between buying online and in store as much as you want with no penalties or fees.

I will break it down step by step below on how to set this up and how it works in a few simple steps.

 

NOTE: You will receive the bitcoin rewards for the amount of gift card purchased, not the actual products you buy with them.

 

  • Load a gift card you buy with Bitcoin on the Fold app, to your account

  • Use that gift card at select retailers and restaurants by using the barcode or the number beneath it.

  • You can make online purchases with your Fold gift card or you can purchase at physical locations

  • At physical locations, all you need is to scan the bar code from the app on your phone at the cash register

  • Every purchase you make with the gift cards that you have on your Fold app will credit you with Bitcoin cashback

  • The amount of Bitcoin cashback you get on any purchase depends on the individual retailer or restaurant

 

Is The Fold App Worth Using?

 

If you are looking to start dipping your toe into cryptocurrency and you’re not quite ready to buy it directly yet, then this is for you! This is a seamless way for you to spend your normal fiat currency and start earning bitcoin back on direct gift card purchases.

This is also good for sending gifts directly, so whether it’s the holidays and you want to send a gift via email (or Twitter) you can earn bitcoin to your wallet for doing so. This can be used for any occasion as well, not just for gifting.

For the avid crypto users, they are also implementing lightning payments this year as well, so you’ll receive even more discounts if you decide to grow the crypto-economy by paying with crypto, instead of using a debit/credit card as well. More on that as it develops…

So, is the Fold App worth using? I would definitely say yes. Especially if you spend frequently at these places anyways and purchases exceed at least 15$ in most cases, then there is no downside here, only upside.

What do you think? Would you use the Fold App for free bitcoin? Let us know down below in the comments!

 

Cheers,

 

The Crypto Renegade

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people accumulate and secure their crypto.

Lolli Review (2020) | Earn Free Bitcoin Shopping Online NOW!

In this Lolli review, we are going to deep dive into what the Lolli App is how it works? How hard is it to use? Can I really earn free bitcoin? Is it worth my time? How does it all work? Luckily, we are going to address all of these questions and MORE in this review, so sit tight and learn why this revolutionary app can help you accumulate free bitcoin for what you are already doing anyways!

This review will go into how to shop online and earn free bitcoin, but there is also another app I’ve been using recently that explains a free app where you can earn free bitcoin while shopping in major stores in person as well. This is called the Life Info App, and you can read my in-depth review of that HERE.

Let’s get right to Lolli!

 

 

How Does It Work?

 

 

I’m sure you’ve heard of “Cash Back Rewards” before, as that’s a common thing these days when shopping and using your credit card. Lolli has come up with their own version of this, but it’s MUCH more interesting (to me, anyways). It’s earning bitcoin back.

So what does this mean? Well, it means that when you shop online on over 500+ major retailers websites, you can now earn a percentage of your purchase in free bitcoin rewards back. There is a list of supported retailers, which you can find HERE.

These stores vary in terms of what percentage of bitcoin they will give back as a reward, but it typically ranges anywhere from 10-15% and includes major retailers, like Groupon, Best Buy, Marriot, Sam’s Club, GoDaddy, and even Walmart.

As a privacy advocate, I will share a secret of the largest discount I have found yet at a whopping 37.5% bitcoin back and it’s for a trusted VPN service, called PureVPN. Use this link HERE to get not only a special discount for my readers, but the chance to get the largest discount I have yet to find (and I’ve tested this out on hundreds of sites).

 

 

 

Lolli Extension + Wallet

 

 

The Lolli Chrome extension is the most common way people interact with Lolli, and it also includes a bitcoin wallet built in. Once you accumulate at least 15$ worth of bitcoin, you can then transfer it to your mobile wallet, or what we recommend, a hardware wallet to store you new bitcoin earnings offline, while keeping your private keys secure.

Here are the steps to download the wallet (you can also watch the review/walkthrough video below) if that’s easier for you.

  1. Download the Google Chrome Extension HERE. You can also download the FireFox extension and Safari Browser extensions, HERE and HERE, respectively.
  2. Once you download and activate the extensions, it will walk you through registering an account with your email and walks you through how to use it, but its very simple. Once you open a website that is supported by Lolli, it will automatically notify you in the top right corner of your browser, much like a small pop-up ad.
  3. Start shopping. You can simply navigate to any website you normally would and if it’s partnered with Lolli, it will notify you and as long as you are logged in with your account credentials, you will receive a bitcoin rewards immediately after the purchase has been processed.

 

 

Why Should I Use It?

 

If you are new to Bitcoin (and those of you who aren’t) should know that accumulating bitcoin can be an expensive and time consuming endeavor. Any edge and any advantage to accumulate bitcoin for free (especially by doing things that you’re already doing, like shopping online) is a win-win.

Bitcoin is the new currency of the future. Even people that hate it know that it’s inevitable and cryptocurrency is here to stay. As of this writing, Bitcoin is going for about $9,700 per bitcoin, so this allows you to start accumulating this digital currency over time and allows you to spend, save, and even cash out into fiat if you’re so inclined.

Even if you don’t care about bitcoin, this is basically a freebie. You don’t have to buy anything special, or have a minimal spending amount to use this. It either works with the entire retailer or it doesn’t. They will be adding more and more retailers as time goes on, and there is a rumor that Amazon will be added very soon.

When you download and activate this LINK, we both will receive 10$ worth of BITCOIN FOR FREE with your first purchase. No minimums. Additionally, once you sign up, you will receive your own referral link that you can share with friends, family, or any followers, and the same will apply to you. Very cool.

 

What Retailers Are Accepted?

 

 

As I mentioned above, there is over 500+ retailers that are currently supported and counting. This list is constantly growing, but a few examples include: Groupon, Best Buy, Marriot, Sam’s Club, GoDaddy, and even Walmart.

You can get a full list of retailers and their respective discounts by visiting this page HERE.

Additionally, you will automatically be notified on any website that may not be listed on that page by popping up when you visit the site. However, the above link is primarily up to date at all times.

 

 

Lolli Review – Conclusion

 

Ultimately, Lolli is an amazing product. There are very few programs that make it easy to earn bitcoin at all, let alone get it for free. There is no doubt that as the crypto-ecosystem inevitably grows, there will be plenty of bitcoin rewards and bitcoin cash back type of programs, but this is an amazing start.

As the price goes up and and the overall bitcoin supply goes down, this will become more important than ever. Currently, 85% of the total bitcoin supply is in circulation. Once it is all mined, even if every single millionaire on the planet wanted to obtain just ONE bitcoin, they won’t be able to. There just isn’t enough supply. This scarcity is a strong dynamic of supply and demand and will ultimately dictate the price.

Right now, this the BEST tool to earn free bitcoin on items you are already purchasing online. If you also want to earn bitcoin while shopping in stores as well, check out the review I mentioned in the first paragraph to use the Life Info App to start earning it as well.

Don’t get left behind on this revolution. We are still “early” but as more and more awareness is brought to the table, the harder it will be to get bitcoin at all. Download the FREE Lolli Extension below now.

 

 

What do you think? Is there a better tool for earning free bitcoin while shopping online? Let us know down in the comments!

 

Cheers,

 

The Crypto Renegade

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.

The [#1] EASIEST Way To BUY BITCOIN RIGHT NOW (2020)

In this article I am going to provide you with the easiest way to buy bitcoin and also one way I personally earn free bitcoin by doing something I was already doing. This is a game changer! Within the last 24 hours, the Treasury Secretary of the United States, Steve Mnuchin, has made an announcement on regulating cryptocurrency and mentioned Bitcoin and Libra specifically. The recent tweet that was sent out by president Trump has been a bullish sign for many people. Not because he said it was “based on thin air” but, because no standing president has ever mentioned “bitcoin” or “cryptocurrency” at all, ever.

Image result for trump bitcoin tweet

 

This is bringing more mainstream awareness and people who are uneducated may take that as a sign that they should stay away from it, because Trump said so. Most people however, are taking this as a sign that they should buy some bitcoin, just in case.

No matter where you stand, the big question many people ask that are completely new to cryptocurrencies is “What Is The Easiest Way To Buy Bitcoin?“. Luckily for you, I am an expert in this field and I will provide you the TWO easiest, fastest, and simplest ways to obtain your first bitcoin or fraction of a bitcoin. As an added bonus, I will provide you at the end of the article with a free tool that will allow you to EARN FREE BITCOIN, by doing something you are already doing every single day. This is a “YUUUUGGGGEEE” (as Trump would say) bonus, as there are very few legitimate ways to obtain bitcoin for free.

Let’s get right to it!

 

#1 Cash App

 

This is a free app (you may have already heard of) that is similar to Venmo. It’s designed for sending and receiving money easily between users and can connect your debit card, credit card, or bank account to facilitate these transactions. It’s super easy to use and I use it to pay people for splitting dinner tabs and splitting costs on various things and works flawlessly. Unlike Venmo, they have also setup a way to buy bitcoin directly through the app, and you can even set up a purchasing schedule if you so choose, but this is BY FAR the easiest way to buy it once you set up the app.

cash app buy bitcoin

 

The steps are extremely easy to do this:

 

1.) Download the Cash App HERE. When you use this link, we both get $5 for free. Pretty Neat.

2.) Create your account and add either your debit card, credit card, or link your bank details if you’re so inclined.

3.) Click the Profile Icon in the upper left hand corner and scroll down and click on “Bitcoin”

4.) Click “Buy” (you can also sell at any time you want as well)

5.) Type in the dollar amount you want to buy and click “Confirm”

6.) You’re done! Your bitcoin will show up in your account within a few minutes. So simple.

 

 

How To Buy Bitcoin With Credit Card

 

#2 CoinMama

 

coinmama

 

This is a tried and true method I’ve used to buy bitcoin for both personal reasons and business reasons, with great success. This is one of the highest rated companies that you can buy bitcoin with a debit card or credit card with no limit. Now, in order to use a credit card there are some additional fees (not unlike Coinbase), but it will process and give you access to your coins in less than an hour instead of days. This is a good method if you want to buy them quickly and easily and do not want to use cash app or any other services.

This is the most trusted provider and the reviews are excellent. When I was originally looking for how to buy my first bitcoin, this was one of several options that came up, and back then, there were not many “trusted” options as there was many companies that did not have a good track record or many positive reviews, except this one.

This ultimately led me to use this service and not only was it quick and efficient, it was delivered within 20 minutes, and Coinbase was the only other option in the U.S. at the time and quoted a 10-day “verification” period just to activate an account. This didn’t even include the amount of time to let me buy my bitcoin, which would take another 3-7 business days. Not acceptable in my eyes.

If you want an easy and TRUSTED way to buy bitcoin with credit or debit card, then Coinmama is the way to go!

 

 

#3 Paxful

paxful review

 

This is another service that is VERY interesting and is unlike CoinMama above in a few different ways. Although Paxful is a pretty well-known way you can purchase bitcoin with a credit card, the reason I am giving it a mention here is because of the other ways and payment methods you can use to obtain bitcoin (or other altcoins if you want). With Paxful, you can trade gift cards (Visa, Wal-Mart, Amazon, eBay, and Starbucks) just to name a few.

Additionally, you can also use Zelle (a money changing app similar to Venmo and other direct payment services that many banks use), SWIFT, MoneyGram, Alipay, WeChat Pay, and hundreds of other gift cards as well. It’s also worth mentioning that you can directy trade other altcoins in for bitcoin and vice-versa. So not only is it a fiat-to-crypto exchange, bult it can also be used as a crypto-to-crypto direct exchange (not unlike ShapeShift).

All this to say, it’s now become easier and easier with these services to BUY BITCOIN. Whether you trade you existing gift cards, other altcoins, or even CASH, it’s not easier than ever to get your hands on bitcoin. When I first tested this service, I received a $100 Amazon gift card for Christmas and I didn’t really want to use it for anything, so when I discovered I could trade it in for $100 worth of bitcoin, I was pretty excited to say the least. I will leave a list of all the hundreds of gift cards you can use to trade for crypto HERE.

I will have an in-depth review out for Paxful shortly. Stay Tuned!

 

 

 

Easiest Way To Buy Bitcoin – Conclusion

 

Overall, there are multiple ways to buy bitcoin (some easier than others) but the two main methods I’ve listed above are BY FAR the quickest and easiest ways to get it fast. The price is always fluctuating, so some people may be hesitant to buy right now in fear that it could go down in the future. Here’s the deal. In the grand scheme of things, hind-sight is 20/20 and over the next 3-5 years, I can almost guarantee that the price will be higher than the point is at right now, which is approx. $10,900 at the time of the writing.

This is one of the most important and unique inventions since the internet itself and will continue to bring forth different use cases and provide value to every single person on the planet. This is part of a much larger revolution where the people are now going to take back their financial power from the government and authorities, and there is NOTHING they can do to stop it.

That is powerful.

Bottom line, if you don’t currently have any bitcoin, you can start accumulating it in small amounts (as low as $10) at a time and it will start to grow very easily. You will be glad you did it when you look back, even in 6 months to a year from now. Mark my words!

 

What do you think? Are there easier ways to buy bitcoin right now? Let me know in the comments!

 

Cheers,

 

The Crypto Renegade

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.

How To Spend Bitcoin On Amazon – Save Up To 33% (2020)

In this article, I am going to go over how to spend bitcoin on Amazon. Additionally, I will provide you a way to save up to 33%. But before I dive into that, I wanted to mention a recent I app I have used that allows me to earn free bitcoin on purchases I’m already making. how to earn free bitcoin

Yes, you read that right. This is app is called the LIFE INFO APP, and I recently wrote an in depth review of how it works and you can view it HERE. The jist of it is that it’s a free shopping app that saves you anywhere from 1-20% off on every purchase and includes major retailers (both online and in store) and the money that you save on each transactions can be credited to you directly in bitcoin.

This is THE BEST way to start accumulating bitcoin I have ever personally seen or used myself. It includes such retailers as: Home Depot, Best Buy, Chipotle, American Airlines, Buffalo Wild Wings, Groupon, and thousands more. Just this month alone, I have accrued over 30$ worth of bitcoin on stuff I was going to buy anyways, and the price of that bitcoin doubled since I received it. It’s free to use and you can start using it immediately upon download. Get your free download HERE.

Now, on to saving money when SPENDING your bitcoin on Amazon. How do I do that? How do I save money? Stay tuned for the whole article and learn how!

 

How Can I Spend My Bitcoin On Amazon?

 

I am going to provide you 2 ways to do this. The first is the way that you can save upwards of 33% and the one I have personally used and recommend. The second is by way of downloading a Google Chrome extension that will enable you to pay with your Coinbase wallet and convert the total amount instantly via a conversion. Here’s how it works.

1.) This method is by using the website Purse.io. This is a website that is built on top of Amazon’s platform that enables you to spend bitcoin and cryptocurrencies directly. It also allows you to save up to 33%. I will explain how this works in the next section, but I was able to use this method to save several hundred dollars last Christmas on gifts for my family.

2.) This is by way of using a browser extension called “Moon“. This tool is directly used on Amazon’s website and provides no extra discounts or incentives, other than the fact that you can pay directly with your bitcoin wallet on Coinbase.com and allows you to convert your Bitcoin, Bitcoin Cash, Ethereum or Litecoin into cash to finalize your payment. You can also take advantage of using Amazon Prime for 2-day shipping if you have a membership.

 

How Exactly Can I Save Up To 33%?

 

As I mentioned in the above section, this method saves you up to 33% by using Purse.io. When you visit this site, it doesn’t look like Amazon directly, but when you go to search for items, it includes their entire catalog. When you go to checkout, you can choose your discount using the slider option your savings of anywhere from 5-33%. Here’s how it works.

Let’s say you want to receive the items in the normal 1-2 days while using Amazon Prime. If you are in a hurry, you can choose this time frame and immediately save 5% by choosing this. However, when you choose a longer delivery time frame, your percentage of savings starts to increase dramatically. For example if you choose 3-7 days, it can range anywhere from 12-15% off your items.

If you want to save the maximum 33% off, you will have to wait anywhere from 21-30 days to receive your items. Now, this makes sense to do when you are planning ahead for a birthday, holiday, or other major event. It also allows you to save a handful of money on larger purchases, like couches or TV’s where you can save hundred of dollars if it’s not immediately needed.

I managed to save almost $1,000 dollars by starting to buy these items around black friday in November of last year and things actually started being delivered earlier. This is quoted as an “estimated” time frame, because the system works by having users that want to trade their existing amazon store credit or gift cards in exchange for your bitcoin.

How it works is they place their order on your behalf (using Purse as a liaison) and no personal information is provided to them. When you place the order, it’s delivered to Purse.io immediately and they find a “buyer” who will pick up the order and authorize Purse to use their store credit or gift card balance to place the order and ship it directly to you.

Once you receive confirmation that the order is placed and you receive the items at your residence. Only once you are satisfied, you will release the bitcoin payment to them and you both go on your merry way. This is an elegant solution that matches people that don’t want their Amazon gift cards with people that want to make purchases in exchange for bitcoin. The best part, it works!

Can I Use Any Other Altcoins?

 

Yes. When you go to check out the primary payment methods are bitcoin and bitcoin cash. However, when you go to pay you can choose from a list of the top 40 altcoins as well to process payment directly on their site. You can either use your mobile wallet and scan the QR code on the screen to process payment, or you can copy and paste the recipients wallet address on your web or desktop wallet to authorize the transaction.

This gives users many different cryptocurrency payment options when finalizing their order and the best part is, the person who picks up the order doesn’t need to “approve” what you decide to use as an acceptable form of payment, as it’s converted back into bitcoin and Purse pays them directly as they are the middle-man in this equation to ensure that both parties receive what they want and are satisfied.

Do I Still Get My Prime 2-Day Shipping?

 

Yes and No. As I mentioned above. This depends on the discount and time frame you choose when you finalize your order. If you want to receive your item in 1-2 days, you will save 5% immediately and you will have it within the prime time frame. However, if you want the largest possible discount, you will need to wait longer to save more money. In my experience, these “estimated delivery dates” are a worst case scenario and a buffer for them to ensure you get it on time, but my experience over several orders much sooner than advertised.

This especially good if you are accustomed to a very quick delivery.

 

How To Spend Bitcoin On Amazon: Conclusion

 

Overall, both methods above work very well and I highly recommend it. As someone who always looks for valuable merchants and ways to spend bitcoin online, I was very excited to find Purse.io and even more surprised to find that I’m being incentivized to spend my crypto by saving A LOT of money in the process.

Not many merchants do this, and why not utilize the largest online retailer in the world for this process?

If you simply want to use Amazon’s site directly and ensure you get your Prime benefits and still spend your cryptocurrency, then you can use this, but you will receive no discounts. Keep in mind, when using Purse, you can use any store credit you have and import any wish lists or items that you already have in your cart as well, so it’s a very convenient process.

So, the next time you think to yourself, where can I spend my bitcoin? The answer will almost certainly be Purse.io, as this is the #1 way to spend your bitcoin online and save money at the same time!

 

***CLICK HERE TO GET STARTED WITH PURSE.IO AND GET 5$ OF FREE BITCOIN ON YOUR FIRST ORDER***

 

What do you think? Have you found better ways to spend your bitcoin on Amazon? Let me know in the comments below!

 

Cheers,

 

The Crypto Renegade

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.

 

 

 

 

Top 3 Altcoins To Invest In 2020

In this post, I am going to go over the top 3 altcoins to invest in 2019. You may be wondering, “Why would I be interested in altcoins when bitcoin is the king of crypto?” What is the best cryptocurrency to invest in now? Although it’s a fair question and bitcoin has dominated the market cap and literally created the cryptocurrency industry, there is plenty of development and utility with specific altcoins that bitcoin does not address. Additionally, the way most people accumulate bitcoin is by investing or trading in altcoins to then convert the gains back into bitcoin.

Although I have been trading and investing for several years now, there are a few specific altcoins that are paving their way to success with innovation and are what I consider “trend setters” in the industry and offer some unique value and are not just another bitcoin clone. Let’s get right to it below.

I also am now offering a FREE E-BOOK that goes in depth to explain the best 5 ways secure your cryptocurrency. it’s loaded with secret knowledge and goodies that is not included in the blog, so check it out, it’s free, so you have nothing to lose!

 

5 BEST WAYS TO SECURE YOUR CRYPTOCURRENCY – EBOOK

Top 3 Altcoins To Invest In 2019

 

#1 HOLOCHAIN (HOT)

 

Holochain or (HOT) is an interesting product and platform that is light years ahead of the competition ins creating a truly decentralized internet. They have physical hardware products called HoloPort and is designed as a dedicated server that helps support the network. I am going to list the official details for this here. Why is this different?

Other projects that promise the same thing do not even have a working product and is has collected a plethora or money via an ICO, but have yet to deliver what they promise. HOLO does not have this problem, as they are already expanding and have physical products and a functioning product that works!

From a trading and investing standpoint, On Binance, when you compare the trading pair of BTC/HOT, there is a lot of upside. At the time of this writing, the price is only 25 satoshis which is very undervalued, but additionally, I got in pretty early at around 8 satoshis so it’s been a fairly nice gain so far.

In the video below, it displays the trading chart and where the best entry points are and what the potentials are for this product this year as they are ramping up for massive comp’any growth. This is a very interesting project and even at the current price, it is definitely worth looking into and getting a nice entry before the bull run that we are in starts really ramping up.

All in all, Holochain is a very solid project with new and interesting tech that uses it’s token to fuel the network and expand the ability to deliver value, by utilizing empty or unused disk space and RAM that is currently on your machine. This does not affect your current performance as you are able to allocate as much of the space as you want, and it lets you earn passive income in the form of the HOT token and you will also be strengthening and supporting the network. Most people have tons of unused resources on their machines and this is a good way to put it to work for you.

 

CLICK HERE TO START INVESTING IN (HOT) ON BINANCE NOW

 

#2 TEZOS (XTZ)

 

In my opinion, Tezos is the new and improved evolution of Ethereum. It is a new platform for decentralized applications (dApps) and smart contracts. Here are a few key points that make it different:

 

1.) On-Chain Governance – The Tezos protocol offers a formal process through which stakeholders can efficiently govern the protocol and implement future innovations. This is democracy at it’s finest. It also helps avoid controversial “Hard Forks” as we’ve seen in the past with Bitcoin (BTC) to Bitcoin Cash (BCH) and then Bitcoin Cash (BCH) into Bitcoin SV (BSV). This has a detrimental effect on the network and causes a lot of confusion, contention, and tribalism.

2.) Security – This blockchain was designed to facilitate formal verification, which helps secure smart contracts and avoid buggy code. This has been a HUGE problem with Ethereum over the years as noted in the infamous “DAO Hack“, which again proved that their protocol was not immutable and caused yet another hard fork that brought forth Ethereum Classic into existence.

3.) Liquid Proof of Stake – This is a unique consensus proof-of-stake algorithm which gives every stakeholder the opportunity to participate in the validation of transactions on the network and be rewarded for doing so. Whether you are big or small, you have a vote. This is unlike the current mining pools that we have in place where the person with the most hashing power and hardware wins the block reward, and essentially dictate the rules of the network.

I tend to think that the tech behind each blockchain is what brings it’s value. Whether or not the price is currently up or down on these coins, I believe as the masses start to see the value these innovators bring to the table, the money will follow. If you don’t recall, it took over a year of price discovery before Ethereum finally found it’s place in the market. All this to summarize that I am very interested to see where these both end up in terms of price and user adoption over the course of this year.

One thing I would like to note is that Ledger Nano S hardware wallet now supports Tezos for cold storage baking. This means you can participate in verifying transactions on the Tezos network and keep your private keys online, WHILE simultaneously making passive income in block rewards.

 

CLICK HERE TO START BAKING TEZOS WITH LEDGER NANO S

 

#3 ZCASH (ZEC)

 

top 3 altcoins to invest in 2019

Zcash has been one of my favorite cryptocurrencies, ever since it was announced in 2014. Privacy has been a major staple in the cryptocurrency industry and this project has some unique technology as described below that sets it apart from other privacy based coins on the altcoins list

Zcash has a proprietary privacy protocol attached to it. This is extremely attractive, as one of the key selling points of cryptocurrency to begin with was anonymous, uncensorable transactions. This is money as it was intended to be. I should be able to transact with anyone in the world, and not only NOT have it tracked, but keep it between me and the other consenting party. They use a method called zk-SNARKs.

This is an acronym for “Zero-Knowledge Succinct Non-Interactive Argument Of Knowledge”. What does this actually mean? It essentially means that “Zero-Knowledge” proofs allow one party (prover) to prove to another (verifier) that a statement is true. It allows you to verify a transaction is relevant and true without knowing its origin.

Some people view this as potentially scary, because it allows money launderers or criminals to transact in a more private way. Well, my theory is this, criminals will always find a way to do what they want and transact privately. Valuable tools should not be banned or discredited because there is a potentially negative outcome.

There is an equally positive outcome. Privacy is an unalienable right to all humans and we should all expect it and understand our rights to it. To me, that makes this coin very very powerful and very much worth exploring, especially as it is considered an “Original”. Some similar example coins that came after are Monero and Zcoin.

 

CLICK HERE TO BUY THE LEDGER NANO S FOR SAFE OFFLINE STORAGE

 

https://www.youtube.com/watch?v=b2O0nWV1W14

CONCLUSION

 

There are many reasons I chose the above altcoins in the massive list of thousands of alternatives. As I mentioned above, these ones have the best overall fundamentals and upside in terms of risk/reward in terms of investment in my opinion. Some of these coins, like Zcash, have already been through a major market cycle before, so it is fairly seasoned, but Tezos and Holochain are fairly new and have yet to “survive” a new market cycle.

I still believe that overall, these have the best overall potential returns and create ways of making passive income, while allowing you to HODL offline as well. I have included the recommended hardware wallet that will support all of these coins, the only coin that does not have a native app (currently) is HOT, but it can be held or integrated with MyEtherWallet, while this is being developed.

 

What do you think? Are there better coins to invest in this year? Let me know in the comments below!

 

Cheers,

 

The Crypto Renegade

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.

Massive Bitcoin Stash of 40,000; Bitcoin Whale Moves $229 Million For Only 57 Cents

Massive Bitcoin Stash of 40,000; Bitcoin Whale Moves $229 Million For Only 57 Cents. As reported on May 1st, 2019, a bitcoin whale has moved over 40,000 BTC or over ($212 million) moved from one address (bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9) to another (bc1q5shngj24323nsrmxv99st02na6srekfctt30ch).

There are some theories floating around on Twitter as to who the whale is. Some people have speculated on Twitter that the whale is Bitcointalk user “Loaded” who is a well-known poster on the forum. Loaded is as well-known for his posts on the forum as he is for his stash of 40,000 BTC.

Further theories floated around on the forum itself that it was Loaded who made the transaction — although the user has not confirmed or denied that they made the transaction.

It should be noted that the Bitcoin in the address shows a pattern of moving from one address to the next for no apparent reason according to the transaction history on Blockchain.com.

Another thing to note is the first three characters of the address. ‘bc1’ means that the address is using the segregated witness (SegWit) protocol that currently accounts for 40% of all Bitcoin transactions according to transactionfee.info. bitcoin whale

Segwit is a protocol that was introduced on the 23rd of August to make Bitcoin transactions faster and cheaper.

The amount of money used to move the $229,000 million was only 57 cents according to the data. Bitcoinist reported earlier, Bitcoin fees are often mismatched with how much the user should actually be paying. This mistake, according to researchers, was due to the fact that consumer wallets appear to incorrectly estimate the required fee.

Although the 40,000 Bitcoin transaction is no small amount, it pales in comparison to the transaction that occurred on the 10th of January this year.

A total of 130,004 BTC  ($742,972,860.00) was sent to the following address. (385cR5DM96n1HvBDMzLHPYcw89fZAXULJP). To date, this remains as the second largest bitcoin transaction ever, with the largest being 500,000 BTC which occurred on November 16, 2011.

 

BITCOIN STASH: BITCOIN WHALES ACCUMULATE

 

The bitcoin whales in the market seem to be going through a period of accumulation. In fact, 100 of the largest bitcoin wallet addresses accumulated 150,000 extra bitcoin.

One news site Bitcoinist did the math on this accumulation and deduced that they came from wallets holding less than 1,000 and 10,000 BTC. So the ‘rich’ are getting richer — many of which belong to exchanges — while the less-informed crypto speculators continue dropping bags.

 

WHY THIS BITCOIN WHALE MATTERS

 

Consider this for a moment. If you were to go to a bank and you were a high profile client and wanted to make a large transfer such as this anonymous bitcoin holder made, firstly, you would need to make an appointment. Secondly, you would need to go in person during standard business hours and shake hands and meet with certain individuals and make pleasantries before you could actually conduct your business. In other words, it’s an ordeal before the transaction has even begun.

After the charade and process of meeting and greeting, you then need explain your situation. Why are you sending this amount of money? Where are you sending this money? Which bank is receiving this money? Can we record or report this transaction and your explanation to the IRS directly, or do you already have a notarized letter from a CPA? Can we see two forms or ID?

…This is just the beginning of a series of questions you might encounter when trying to move your money from location A to location B when dealing with a bank. This is all before you are actually “authorized” to move your own money.

When you’re dealing in bitcoin, you don’t need permission, you don’t need to submit ID, you don’t need to wait 7-10 business days. It happens virtually instantly with the click of a button. Understand how powerful this is. Not even the most powerful and connected of business men can bypass the security and tracking that goes on with a bank and dealing with “regulation” of the legacy financial system. Additionally, consider the banking “fees” they would impose (after they’ve approved you to move your money after vetting not only yourself, but the recipient) for moving that sum of money.

As an example, international wire transfers at Fidelity charge upwards of 3% of the total transaction amount to wire this amount. For those of you who do not want to do the math, that is $6,780,000.00 as a fee to move this money. With bitcoin, this person did it with 2 quarters and a few pennies worth of fees.

That is why this is the future. I see this technology as inevitable for the entire world to adopt, because the bankers are far too greedy. Additionally, they see no problem with what they charge and why they do it. They will continue to blow bitcoin off as a valuable means of exchanging value, but as you can see above, it’s happening and it’s very possible.

 

FIRST STEP TO BECOMING YOUR OWN BANK

 

Part of becoming your own bank is first understanding the risks and responsibilities that goes with self-sovereignty. This is an amazing gift, but should be take very seriously and with the utmost care and responsibility. There is no 1-800 number to complain to when you mistype an address or you make a mistake. There is no one that can reverse a charge, or give you a refund. This is an irreversable, yet incorruptable form of dealing with money.

I do not say this to scare you, yet rather to implore you to double check everything you do and engage in the proper research when learning about making cryptocurrency transactions. The website you are on offers a myriad of valuable information ranging from beginners to experts in the space and provides a wealth of information, as well as tools to assist you in your crypto journey.

If you are new (or advanced), I recommend obtaining a hardware wallet to store your private keys offline, safely and securely to ensure that you are not risking your life’s work. The best one with the easiest to use interface that I’ve been recently using a lot is called “KeepKey“. This device has been around for several years now and is considered a widely used and respected device. I use it personally almost every day. Additionally, I have been testing their brand new unified platform that is currently in beta and it is BY FAR the easiest to use hardware wallet experience I have used.

It is extremely impressive and I can’t wait for all of you to see it. In the meantime, their existing platform is still very intuitive and user friendly, but the upgrade that is coming definitely a game changer. For more information on this device and to purchase directly from the KeepKey’s Official Website.

 

What do you think? Is this the first evidence in a shift in global finance to bring cryptocurrency mainstream? Sound off below!

 

Cheers,

 

The Crypto Renegade

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.

How To Earn Free Bitcoin (2020)

This post is going to go into how to earn free bitcoin. But first, a quick story about how I stumbled upon this amazing tool and resource, and why it’s going to work for you. I first learned about the Life Leadership program from my girlfriend’s father last summer. As he was a fellow libertarian, I was interested to hear his thoughts on what this program offered and what the core values were, as I was always looking to converse with like-minded people.

I came to find that financial freedom and personal development (two things I was actively working on myself and believed in) was the cornerstone of what this organization stood for. As we started discussing it, I mentioned that I worked for a prominent cryptocurrency company and that I also believed in self-sovereignty and despised our current legacy financial system.

After that interaction, I started getting more involved, attended some in-person seminars, and was happy to learn that Life was working on a project that was going to promote the spending of cryptocurrencies through their platform. They believe in financial and economic freedom for the entire world; a vision I also shared.

I joined as a member and downloaded the free app that offers a wealth of free (and paid) services that help you get out of debt, educate you how to navigate our corrupt financial system, and provides you myriad tools to give you prosperity and obtain the life you’ve always wanted!

As a current member of the Life Leadership, I was thrilled to find that they had created a fantastic way to save money on purchases you were already making, create an eWallet that stores all your savings, and provided a simple way to accumulate the life virtual currency called “dibs” (which stands for “Dollars In Bitcoin Satoshi’s). You can convert these rewards directly into bitcoin. Seriously.

I am going to explain how it all works below, and as a “Pro-Cryptocurrency” individual, I truly believe this is the best possible on-ramp to gain mainstream adoption for ALL people to enter the cryptocurrency world, easier than any other method I’ve seen before. Giving people a powerful and free tool (the app) to save money on purchases they are already making, and then being able to convert the savings you accumulate directly into bitcoin is a slam dunk. Let’s learn how to earn free bitcoin!

 

*** CLICK HERE FOR YOUR FREE LIFE APP DOWNLOAD***

 

HOW TO EARN FREE BITCOIN: WHAT IS THE LIFE INFO APP?

The Life Info App is a free app for iPhone or Android that promotes financial literacy, personal development, and most recently, a shopping platform that that lets you convert your savings directly into bitcoin (via Coinbase). This is done with a rewards system that is used with the app’s ecosystem in the form of a virtual currency for Life Info shoppers and members called “dibs”. This rewards-based coin allows you to save 2% on all of Life’s existing services (subscriptions, audio’s, books, etc…) starting with a whole new redesign of the app starting on May 1st, 2019.

You start accumulating these dibs for every purchase you make through the app. They also have a network of very popular merchants worldwide (on-line or in person), that you can earn “cash back” or “dibs” on every purchase that goes directly into your eWallet after every transaction. Just to name a few: American Airlines, Buffalo Wild Wings, Groupon, Bass Pro Shops, Nike, Jiffy Lube, Best Buy, Home Depot, and Chipotle. These discounts range anywhere from 1-10% off each purchase and that percentage goes as a rewards balance in your eWallet that you start accumulating immediately.

So, how do I earn free bitcoin? Here’s How it Works. When you go click “Shop Now” in the center screen of the app, you can either browse all locations within a 100 mile radius of your current location, or manually type it in the search bar. There are thousands of physical locations and over 1,000 brands that are included in the app. You simply click on the brand you are currently wanting to make a purchase with and it will ask you to enter in the total purchase amount.

(PRO-TIP: If you have any coupons or other discount codes already, you can add that to your order to “stack” your total savings).

Once you enter in the total it will generate a digital gift card on the spot with the exact total of your purchase, so you don’t have a leftover balance on the gift card (unless you want to). You then either have the cashier scan your phone with the bar code, or read off the gift card code to them to process your transaction.

Once this transaction is complete, you will immediately receive a credit of “dibs” in your eWallet that you can either save for a future purchase at a discount at a different vendor within the app, or cash that out for bitcoin immediately. I would recommend not cashing it out for bitcoin immediately, as the more “dibs” you accumulate in your eWallet, you start to earn a higher percentage of rewards for each new tier that you hit. Here is a video explaining an overview of how the process works.

 

*** CLICK HERE FOR YOUR FREE LIFE APP DOWNLOAD***

 

WHAT ARE “DIBS” AND WHY DO I NEED IT?

“dibs” or (Dollars in Bitcoin Satoshi’s) is life’s virtual currency that is accumulated as rewards for each purchase made on life’s services within the app and also on any merchant purchases through any of the thousands of retailers that you see listed. This is significant because as a currency that is meant to benefit you (the Life App User) you can avoid using fiat and obtain the benefits of real world beneficial products and services, without forcing you to use a credit card. As we all know, credit cards are a tool used by big banks to try and create financial harm by charging outrageous interest rates while incurring absurd fees and is designed to drive you further into debt. how to earn free bitcoin

“dibs” is a versatile tool, not only for this ecosystem that promotes financial freedom, but is also allows you to convert it directly into Bitcoin (via Coinbase). I will provide an informational video below outlining this process, as well as providing you with some other options for using your “dibs”.

 

WHO IS IT FOR?

 

This is for anyone who wants to save money, earn free bitcoin, and also have an opportunity to earn passive income on the side. How do you do this? Simply use the app to make the purchases you were already planning to make anyways, online or in person. It’s more secure, and best of all you SAVE on every single purchase. These savings will go directly into the eWallet and the more you accumulate, the more rewards you receive, it’s that simple. This is how to earn free bitcoin!

If you are new to bitcoin and cryptocurrencies and want to dip your toe in, this is BY FAR the easiest way to get started. I’ve been around in this industry for years, and I don’t say that lightly.

 

HOW DO I EARN FREE BITCOIN FOR PURCHASES I’M ALREADY MAKING?

 

As outlined in the video above, you can convert your “dibs” directly into bitcoin. This is a powerful decentralized digital currency that has immense utility and will most likely gain significant value over time as it is a “deflationary” currency, by design. You can also receive incentives to spend your bitcoin within the Life App, if you decide not to store it offline for longer term savings.

You just simply need to start making purchases within the Life App, see your savings accumulate immediately after each purchase, and then decide what’s best for your long term and short term savings and spending plan. If you skipped the video above in the previous section, I would strongly recommend giving it a view, as it visualizes this whole process and breaks it down very easily for you.

 

HOW DO I SIGN UP FOR FREE?

 

Are you convinced yet that this is a win-win? You literally have nothing to lose and everything to gain. I am going to give you my referral link below here again and it will allow you to start saving immediately. As mentioned above, you can start saving NOW and accumulate savings in your wallet and on June 1st 2019, you will be able to convert your “dibs” into bitcoin directly through a very easy to use wizard as demonstrated in the above video.

 

*** CLICK HERE FOR YOUR FREE LIFE APP DOWNLOAD***

CONCLUSION

 

I’ve spent the last 3 and a half years of my life in pursuit of helping people understand and learn how to accumulate and store your cryptocurrency, safely. I can say this with absolute confidence that cryptocurrency is the future, and I believe that bitcoin has the best chance of success in gaining mainstream adoption as a device to liberate all people.

When we start using a decentralized means of exchange, we take away all the power and leverage away from the big banks and corrupt government officials that are there to try and control you. This campaign is one of freedom. This a worthwhile goal for every single human on the planet.

In over 10 years in the technology sector, I have never come across such a revolutionary technology. I will include a link to an article I wrote about a week ago that explains why I believe bitcoin is the ultimate expression of freedom.

Additionally, this website is dedicated to not only the adoption of cryptocurrency, but providing you information and the tools necessary to secure your bitcoin (and other cryptocurrencies) by becoming your own bank. I am partnered with the top 3 best hardware wallet providers in the industry and you can learn about and purchase these devices to help you keep your private keys in your possession, once you obtain them from Coinbase.

You just need to click the “Crypto Hardware Wallets” page at the top to review the best sellers if you want to take your cryptocurrency savings seriously. I will also recommend the easiest one to use if you’re a beginners here and it’s called “KeepKey“. I have been privately testing their new platform and can absolutely attest to its ease of use and top notch security. The link for this is right “HERE“. keepkey wallet

If you do not currently have a Coinbase account, you can click “HERE” to get a free $10 worth of bitcoin with your first purchase of $100 or more. If you decide to use that link, it helps both you and me as I am provided my own free $10 of bitcoin for referring you , at no additional cost to you.

P.S. If you would like to learn how to become a life leadership partner and start earning passive income by promoting this wonderful platform, please reach out to me directly in the “Contact Us” section of the website at the top.

 

PLEASE feel free to comment below with any questions or concerns about these products and processes and I will be sure to respond promptly!

 

Cheers,

 

The Crypto Renegade

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.

How To Make Money With Bitcoin -|- 3 Passive Income Ideas

In this article, I am going to tell you exactly how to make money with bitcoin. Almost everyone that’s heard about bitcoin has been asked or have asked themselves: is this a good investment? When taking this question seriously, they start googling this phrase and see several articles about the price tanking and losing over 80% of it’s value in the past 18 months and so on. One of the things they probably don’t realize is what the year-over-year gains are, when looking at where it was vs. where it’s going. Yes, at it’s all-time-high it reached upwards of $20,000 in December of 2017 and have been wildly volatile ever since.

What most people don’t realize is that after that so-called “crash” is that the price of bitcoin in the first week of January of 2018 was $16,477.59, according to CoinMarketCap.com. That is still significantly higher than the price of Bitcoin in January of 2017, which was under $1,000. I can provide numerous examples of what the price was in January of every year since the inception of this wondrous invention.

However, I understand that the average person who does not understand the technological advantages of this coin over the current legacy financial system, can remain skeptical in terms of it being a safe investment.

Although, I very strongly believe in the fundamentals of this project, I want to provide some uses that will help you generate more money from your existing bitcoin and accrue a calculated percentage increase month of over month, as well as acquire bitcoin without directly buying it from a company, like Coinbase. Here are the top 3 ways I’ve personally found success, and with a little research and understanding of this market, you can easily find a way to generate passive income (or actively) if you’re so inclined. Below are my 3 favorite methods.

How To Make Money With Bitcoin

 

METHOD #1 FOR GENERATING PASSIVE INCOME – DAY TRADING ALTCOINS

 

If you are new to the scene or making money with bitcoin, you may not be aware that there are hundreds, if not thousands, cryptocurrency exchanges worldwide. Some are very sketchy and some have been around and been trusted, and even regulated and insured, to give you a little extra piece of mind. I have used some that have locked up and stolen my coins, and I’ve used several that I know and trust (to a degree) for several years with no problems.

 

***SIDE NOTE: Exchanges are a crucial component for new people onboarding into the cryptocurrency ecosystem and I understand why they are needed. However, under no circumstances do I recommend you store you private keys on exchanges for long periods of time. The best general rule of thumb is once a trade is completed, pull your private keys onto your own hardware wallet (which can be recommended and purchased through this site) and keep them there until you decide to exit a trade or re-enter into a new one.***

 

The above disclaimer is not meant to scare you, but more as a reminder to be vigilant of your private keys, as there have been several exchange hacks in the past 10 years. There are some “best practices” I’ve covered in a previous post, and I will be posting an updated version very soon.

Having said that, the exchange that I use very often and that I trust is called Binance. This exchange is currently the largest exchange by volume and has been trusted for several years and I feel safe using them with my trades.

I will include a link that will make it easy for you to sign up and receive some discounts on trading fees at no cost to you. Although this is my number one used exchange, there are other trusted exchanges I use such as Kucoin, Bittrex, and even Kraken (since they worked out a lot of their kinks over the past year).

The basic strategy here is to transfer your bitcoin to the exchange wallet, select an altcoin that you’ve researched, and enter a trade with an amount that you’re comfortable with. From there, set a target to you want to hit and then exit the trade back into Bitcoin. Hopefully, you will have a much larger amount than you started with. Rinse and repeat as necessary. Of course, once you complete this process, I strongly recommend you transfer your newly found Bitcoin profits onto your personal hardware wallet for safe keeping.

 

METHOD #2 FOR GENERATING PASSIVE INCOME – CLOUD MINING

 

This one is pretty straightforward. If you are unfamiliar with what bitcoin mining is, I will leave a link right here to a post that will explain this in depth. The concept of cloud mining is that instead of buying your own hardware, graphics cards, and various components needed to assemble a rig, (not to mention the “know how” of how to properly set this up correctly) you can rent or lease a company’s hardware that will mine for you..

By doing this, you can avoid all the hassle of setup, additional costs, noise, and excessive electricity. I am currently doing this myself and have done it for several years. There is one company in particular that I use and trust and they are called Hashflare.

This company has been very responsive, trustworthy, and an otherwise pleasure to work. This has been very profitable endeavor for me over the years.

There are several other cloud mining services out there. I will not mention or suggest them in this post, because I have not personally used them. However, if you google it, you will find several references for this kind of service.

This will allow you to be apart of the “Bitcoin Minting” process, which allows you to not only contribute to securing the already unbreakable network, (which is a very noble cause) but also continues to strengthen bitcoin’s position in the marketplace with your help.

 

METHOD #3 FOR GENERATING PASSIVE INCOME – BITCOIN LENDING & INTEREST PROGRAMS

 

Bitcoin Loan | Blockchain Lending | BTC Loans

This feature is fairly new and I will be posting a review on the featured program here shortly, but this is a new niche that I think is going to be huge in 2019. The company in question here is known as Blockfi. You may have heard of some companies that allow you to invest your own money into crowd-funded loans with the promise of large interest payments month over month in return, such as Lending Club or Prosper.

Blockfi is one of the first (if not the first) commercially viable ways to get a cryptocurrency backed loan (using your cryptocurrency as collateral) to help you pay off credit card debt, get a new car, fix up your house, etc… This is significant, for 2 reasons: 1. Most people who invest in Bitcoin or any other cryptocurrency typically want to “HODL” (or hold) onto it for dear life. This gives people a way to leverage their assets while being able to get fiat money for other purposes.

They receive a fair interest rate to pay it back over a pre-specified period of time, and it typically isn’t subject to a comprehensive background check. 2. In most cases, if you have enough collateral, the approval process can be approved and issued in as little as 2 days, which for some people is a HUGE selling feature.

The second, and most interesting feature in my opinion, is the ability to earn compound interest on your cryptocurrency over a specific period of time, compounded monthly. This is very intriguing for a number of reasons, but I will leave a link to all the benefits and features right here, as this post has gone on pretty long so far.

The bottom line is, if you are holding bitcoin or ether for a longer period of time, this allows you to earn up to a 6.2% annual yield, just by allowing them to hold it for you and put it into an interesting bearing account. It is always a good idea to diversify your cryptocurrency and NEVER put all of your eggs in one basket. However, this is a calculated risk I have personally entered into for a portion of my holdings because I plan to hold it for a very long time anyways.

 

Well there you have it! These are 3 ways to make money with bitcoin and earn passive income. Please let me know what you think and if you have found any other methods that work well by commenting below!

 

***Disclaimer: None of the information above is intended as financial advice. I am not a financial advisor. These are just my personal opinions and experiences during my own crypto journey and recommend you consult a professional before considering taking any of these actions***

Cheers,

 

The Crypto Renegade

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.

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