Steemit Engagement Challenge | S7W3 | The Cryptech Diary Game

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Hello guys how are you all doing I hope all is well, and welcome to today's edition of cryptech dairy game in the steemit engagement challenge organized by @hive-109435 in the steem for bloggers community

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INTRODUCTION

Cryptocurrency as we all know is taking over the financial system in our world 🌍 today and it's price are going higher everyday that is why a lot of investors and traders are making huge profit everyday on the blockchain.

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But some of the negative believe that people have about cryptocurrency is that a lot of people believe that once you are into cryptocurrency that you are rich and wealthy. But the truth is that where there is profit there is also loss, since the price of cryptocurrencies are volatile which means that there can fluctuate anytime which causes loss or gain.

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•10% payout to @null•

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First of all when choosing a crypto wallet, for me I prefer to used binance because just like we have world bank which is largest bank in the world, so binance on the other hand is the largest crypto Bank in the world that is why I choose to use binance app.

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So in my entry today I will be sharing with you guys the most easy, simple and risk free steps that you can used to make huge amount of profit with cryptocurrency. You might say that it's not possible but believe me that it is possible, just keep on reading you will understand.

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Before we continue let me introduce you guys to what we call cryptocurrency staking which is the process of buying a particular cryptocurrency and holding it for fix period of time to make profit

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•STEP 1•

Download and install the binance app or you go to binance.com and sign up on the web, after you might have registered your binance account is now set and ready for used, but first of all before you can make any transactions you will need to complete the KYC verification steps.

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•STEP 2•

After you might have finished your verification and enhancing security level by activating the two-factor authentication as you can see in the picture above, by activating email, phone number and google authenticator verification method before login so as to ensure that you funds are save from hackers.

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•STEP 3•

After you have finished securing your account by setting up two-factor authentication verification method all you need to do now is to make a deposit but in binance there are different deposit method available but I would like you to used card deposit method so as to avoid excess charge from merchants.

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So after you might have deposited your money into your binance wallet and I know that when hearing of cryptocurrency the first thing that comes to your mind is Bitcoin, but please after you might have deposited your money into your wallet please convert your funds to USDT, you may asked why should I do that? But I will explain.

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USDT is a stable coin whose price does not easily fluctuate, so after you might have finished converting you funds to USDT and note that binance doesn't charge conversion of tokens so it's free

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•STEP 4•

After you have finished converting your funds to stable coins USDT the next step is that you will click on simple earn in more options in the binance app as you can see in the picture above and then you will see a list of cryptocurrencies that can be staked to make profit

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So you will not just select any coin and decide to stake rather what you will do is to check the token that has the highest interest APR interest rate as you can see in the picture above that ape coin 100% interest rate, solona token has 7.99% interest rate, SAND has 8.5% interest rate while CHR has 12% interest rate. So in this case you will go for APE COIN which has 100% APR interest rate.

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And remember that you have converted your assets to USDT to avoid loss due to price fluctuations so now you will have to go back to convert your funds from USDT to APE COIN and after you might have finished doing that, you will come back to simple earn and click on the ape coin 🪙 which you have transferred your assets to.

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Then the picture above is what you will see when you click on the ape coin so what you will do is very simple just checked you will see the available numbers of days in which you can stake your assets as you can see in the picture above, so after picking one then press confirm after that all you need to do is to wait for the fix period of the staking period to elapsed then after that you will get your main staking assets as well as the 100% percent interest as simple as that.

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CONCLUSION

Since crypto-currencies has taken over the financial system of today's world and I hope that with this simple steps that you all will now understand the simple methods of earnings and making profit with your cryptocurrencies without risk of loss

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Thank you all for reading my post and I really like to invite @edidiongeffiong @esusaviour @ngoenyi @steemkidss @josepha

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Written by
@radleking✓