Introduction to Passive Income with Cryptocurrency

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Posted on 08 Mar 16:49 | by AD-TEAM | 42 views

Introduction to Passive Income with Cryptocurrency

MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 472 MB | Duration: 31m
Class #1 How to Buy & Sell Crypto with a Credit/Debit Card

This is where you can buy and sell your crypto using a credit card. This is also what you use to withdraw fiat currency (dollars, euros, pesos, etc..) back into your bank account

You will need to verify your identity using a government-issued ID/passport (KYC). This helps you meet your tax requirements and limit any criminal activity using crypto.

*You may also need to get an Authenticator App (An app that generates 6 digits codes randomly every 30 seconds to prevent others from hacking into your account even if they know the password)

Please make an account on the following platforms

Binance

FTX

Kucoin

Coinbase

Class #2 How to Make a NEW Crypto Wallet or Recover an Existing One?

This is your crypto wallet where you can store your crypto on a local computer. Keep Your Crypto Wallet super safe.

There are many types of crypto wallets and they are used for different networks. Here is what I recommend you get

Get Metamask HERE

Lesson #3 How to Add Crypto Networks to Send/Receive Crypto from the Blockchain?

Your wallet needs to connect to the blockchain network so you can make requests to send and receive crypto.

Please visit these sites and there are step-by-step instructions for Each Network that you will need to add.

Binance

Fantom Opera

Polygon

Avalanche

#4 What is a Decentralised Exchange Platform (DEX) & how to use one?

DEX allows you to swap one cryptocurrency to another just like a centralized platform but they often support a wider range of cryptocurrencies. They give you access to newer cryptocurrency with a lower market cap (these are called altcoins)

Here are some common DEX

PancakeSwap - BSC Network

TraderJoe - Avalanche Network

SpokySwap - FTM Network

UniSwap - Ethereum Network

Lesson #5 How to stake crypto in various DeFi (Decentralised Finance) Projects for Passive Income?

There are various websites where you can stake various cryptocurrencies can be rewarded the crypto token as a reward which you can choose to compound or withdraw.

Here are some of the cryptocurrency staking websites. Please be careful when choosing projects. Do your own research and due diligence when choosing the cryptocurrency as you can lose a part or all of your initial capital. I have shared THREE as examples.

OlympusDAO

DRIP Network

Strong Nodes

Kind regards,

Milon

DISCLAIMER: Please be advised that I am not a professional advisor in business areas involving finance, cryptocurrency, taxation, securities and commodities trading, or the practice of law. The information and content written, broadcasted, and/or disseminated by and through "Milon Mia, Metaverse Insider Channel" is intended FOR GENERAL INFORMATION PURPOSES ONLY. Nothing written or discussed is intended to be construed, or relied upon, as investment, financial, legal, regulatory, accounting, tax, or similar advice, nor should it be. All content expressed, created, and conveyed by "Milon Mia, Metaverse Insider Channel" is premised upon subjective opinions pertaining to currently-existing facts readily available.

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