Earning Passive Income with Crypto Staking (Legit!)
Okay. So, whether you are new or have been with the bitcoin community for a while, you might not have heard of cryptocurrency staking. Madali lang sya, promise. I will share my experience at the end of this post, pero ano nga ba ang Staking? [SKIP THIS PORTION AND GO TO "HOW TO?" IF YOU DON'T WANT TO BE BORED WITH HISTORY] Compared to bitcoin mining, na sobrang hirap na kasi kailangan mo ng magandang CPU/GPU para lang magka-pera ka. Hindi na sya profittable, kasi malakas sya sa kuryente at bibili ka pa ng mga hardware. Mas eco-friendly ang Crypto Staking. Para syang investment, actually. Hahawak ka lang ng pera sa wallet mo. Mas malaki ang laman ng wallet mo, mas malaki din kita mo. Simple, right? Bakit? Let me introduce you to altcoins. Ang altcoins ay mga cryptocurrency na hindi bitcoin. Example ng mga altcoins ay Ethereum, Litecoin, Dogecoin, and marami pa sila. May mga altcoins na Proof-of-Work (POW). Meaning, kailangan mo talaga ng magandang hardware para maka-mine ka ng bagong coins. On the other hand, may mga Proof-of-Stake (POS) naman na altcoins. Sa mga POS na altcoins, hindi mo kailangan ng napakagandang gaming computer katulad ni Alodia. Ang need mo lang is magkalaman ang wallet mo, at gamit ang balance sa waller, is magva-validate ng mga bagong altcoins. Hindi na ako mag-eexplain pa dahil baka ma bored kayo, so check nyo nalang tong article na to para mas maintindihan nyo: https://www.investopedia.com/terms/p/proof-stake-pos.asp#:~:text=Proof%20of%20Stake%20(PoS)%20concept,power%20he%20or%20she%20has%20concept,power%20he%20or%20she%20has). --------------------------------------------- How to? So paano nga tayo kikita ng passive income dito? Para syang interest - gagamitin ang balance nyo para makagawa ng bagong altcoins. In exchange, may makukuha ka rin sa mga bagong na-validate. Para sayng interest sya bankgo, mas malaki hawak mo, mas malaki din kita mong interest. I won't beat around the bush any longer. Here's how you can start: Ref|Non-Ref Use either of the link above to register to Coinstake.in. Bale, ibibgay nating ang "staking rights" sa kanila. Sila na ang bahala mag-handle ng mga complicated na bahay. Ang gagawin lang natin, is magkaroon lang kayo ng balance sa wallet, and wait. OPTIONAL po ang pag deposit ng pera, OPTIONAL din ang pag-refer. Makaka income pa rin kayo kahit wala kayong ilabas sa bulsa nyo. But of course, more the merrier, which I will share later.
Register using the link above. You can use my referral link, or you can just register normally.
Pag naka-register kana at naka-login na, punta kayo ng faucets. Makakakuha kayo ng libreng altcoins every 60 minutes.
Wait and relax. Every couple hours, is magkaka "stake" or magkakakita si Coinstake. Then, magdi-distribute lang sila ng kita sa mga may balance sa particulat altcoin na yun sa website.
Madali lang, diba? So ngayon, etong altcoins na nakukuha nyo is pwede nyong i-exchange sa mga trading websites para magka BTC kayo. Then, i-withdraw nyo lang sa Coins.ph nyo na account. --------------------------------------------- Personal experience Hindi ko na-discover to actually. May nag-suggest lang sa akin sa Coinpot na subreddit. For the first few days, nagtsaga lang ako sa faucets ng Coinstake. Then, I also spent time on other faucet sites and app. Nag-farm ako ng Dogecoins. Nung naka-ipon na, nag-transfer ako sa Bololex.com. 2 Altcoins ang available sa Bololex - Tokemon (TKM) and Ratcoins (RAT). So, inexchange ko lahat ng Dogecoins ko evenly to Tokemon and Ratcoinsm then inkagay ko sa Coinstake. Siguro nakabili ako ng mga 600,000 na Tokemon, and mga 1,000,000 ng Ratcoin. Ayun, so naghintay lang ako ng 2 days, habang nagcocollect ako sa faucet. Ang TKM ko ay naging 640,000 and RAT ko naman is naging 1,070,000! Not bad for not doing anything. Sit back and relax ako, and may kita ako. Wow! So now I invested P400 lang, and just after 4 days I manage to get approximately 0.00121647 BTC (Sa coinstake kasi, on the upper right corner, it shows an estimates value in BTC). In today value, 784.89 pesos po sya. Screenshot Proof:
FYI, nag start pala ako mid-day ng October 12. So medyo bago rin ako, but I can personally attest na maganda tong website na to. --------------------------------------------- Recommendations on how to cash out Sobrang laki ng transaction fee pag nag cashout ka using BTC. Kung magca-cashout kayo, here's what I recommend.
Convert nyo lahat ng Altcoins nyo into other altcoins. I recommend any of the following: Litecoin, Dogecoin, Bitcoin Cash, Ethereum.
Pagkalagay nyo sa Faucetpay, i-convert nto lahat to just one currency. I recommend namam yung mga sinusupport ni coins ph, which is Litecoin (LTC) or Bitcoin Cash (BCH).
Pag na-credit na coinsph account mo, convert nyo na sa Pesos and kayo na bahala kung paano mag withdraw. :)
--------------------------------------------- Recommended Altcoins Here's what I'm staking right now, since this is what I started with. Tokemon (TKM) / Ratcoin (RAT) Exchange website: https://bololex.com/ I highly recommend Bololex. May games din sila na you can earn what you call BOLO tokens. Pwede mong i-convert yung BOLO sa TKM, which is pang-dagdag din sa balance mo. Minimum bonus TKM you can earn using every few hours is 5000 TKM, which is not bad. Willowcoin (WLLO) / Big Data Cash (BDCASH) / The Big Coin (BIG) / BeanCash (BITB) Exchange website: https://www.unnamed.exchange/ Infinite Ricks (RICK) Exchange website: https://www.altilly.com/ --------------------------------------------- Alam kong mahaba, pero salamat sa pagbabasa :) If you enjoyed staking, you can also consider these 2 websites. Wala nga lang faucets to, so either magdedeposit kayo, or magfafarm kayo ng faucet sa ibang lugar, then transfer nyo dito. Ref|Non-Ref - Stakecube.net Ref|Non-Ref - Stackofstake.com (Yung ipon kong extra na Willowcoin sa Stakecoin may nilalagay din ako dito)
[How to/Discussion] Bitcoin, Cryptocurrency, coins.ph, and legal implications in the PH
Three quick things you might want to know right away:
There is a newbie faq on the bitcoin subreddit. You might want to check it out.
You can buy a fraction of a bitcoin. You don't have to buy it whole. 1 bitcoin right now costs 725,000 pesos. If you have 7250 you want to invest, you can own 0.01 bitcoin.
Bitcoin is just one kind of cryptocurrency. There are other cryptocurrencies - many other types of coins - aside from bitcoin. Theres Ethereum, IOTA, Ripple, Litecoin, NEO, and many, many others. Kung anong kinaiba nila sa isa't isa, di ko alam kung ano. Bitcoin lang kasi ang nag pioneer ng underlying technology ng cryptocurrency kung kaya siya ang pinakamahal at pinakakilala.
I'm not an expert, but I'll share what I know or have observed: (1) Too late na ba mag-invest sa bitcoin? When bitcoin hit $100, $1000, and $10000, people were also asking that same question. So the answer is: No one knows. For all we know, pwedeng biglang mag-crash nalang bukas ang bitcoin at di na makabawi. Pwede din tumuloy-tuloy siya hanggang $100,000. Your guess is as good as mine. (2) How does bitcoin work? I don't know the nitty gritty, but this was a helpful analogy for a high-level understanding of the concept. A lot of people say that if you don't understand it, don't invest in it. On the other hand, if the price goes up and I get out before the price goes down, then I made a profit, so I don't have to understand it. Ako, personally, I consider dabbling in cryptocurrencies as an experiment. Gusto ko masabayan kung saan papunta yung technology and I also want to make a profit in the process. (3) Is bitcoin legal? Me tax ba to? IANAL, but AFAIK bitcoin is not illegal. Sa alam ko, walang tax to. You can look at bitcoin two ways:
Parang nagconvert ka lang ng PHP to USD and vice versa tapos lumaki yung pera mo dahil sa conversion rate.
Parang nag-invest ka lang sa mutual funds tapos tumubo yung pera mo dahil tumaas yung stocks.
Alam ko in both cases hindi mo kailangan mag-bayad ng tax. If someone knows more about this, please share. *edit: Apparently, Mutual Funds are taxed but value is reflected to NAVPS. There is also taxes in redemption which I think is 12% VAT in redemption fee between you and the MF company. Also, someone else mentioned the question of whether or not bitcoin profits should be considered as capital gains* (4) DON'T INVEST WHAT YOU CAN'T AFFORD TO LOSE I cannot stress that enough. Wag kayong mag-all in sa bitcoin. Wag niyong i-sacrifice yung mga essential niyo na gastusin sa araw araw, yung mga utang na kailangan niyong bayaran, buoin niyo muna yung emergency funds ninyo, at mag-invest muna kayo sa mas stable na investment (i.e. - MF, UITF) bago niyo paglaruan ang bitcoin. Bitcoin and cryptocurrency as an investment is very volatile. On any given day, you can gain twice or lose half of your money. At dahil bago palang at di subok yung technology, pwedeng may mga vulnerabilities pa eto na pwede i-exploit ng hackers/scammers. Wag niyong isugal kung di niyo kayang mawala. Parang pag-ibig lang. (5) How do I get started with bitcoin in the PH? The two entry points I hear the most often are: coins.ph and Abra. I've only tried coins.ph. This is what you can do:
Go to their website (coins.ph) and sign up for an account.
You have to verify your email first if you want to get anything done.
After verifying your email, you are on Level 1 verification. This means that you can only credit 2000 pesos to your coins.ph peso wallet per day and you cannot cash out at all.
To get to higher verification levels with bigger limits, you'll need:
Level 2 - phone, identification (govt ID), and selfie (your picture holding the govt ID you entered)
Level 3 - address verification (no idea how this works)
Business - business verification (no idea how this works)
After verification, you can credit pesos to your peso wallet in a lot of ways. Easiest, instant credit way is via 7-11's eConnect payment facility. Max is 20,000 pesos per transaction. There is also a 2% service fee. Yes, this means that you will walk up to the cashier in your suking 7-11 with a 20,400 peso cash payment if you want to do the max transaction. They might get shooked.
Once your "load" is credited to your coins.ph peso wallet, converting it to bitcoin is done with a simple swipe in the app. Goodbye pesos. Hello bitcoin.
Do note that a lot of people consider the rates of coins.ph to be too high and there are better options. Please do your research if this matters significantly to you. (6) Ano yung mining? Not into mining. Ang alam ko lang ay may kinalaman to sa kung paano nakadesign ang cryptocurrency, at hindi lang bitcoin ang pwede i-mine. Basically, kailangan mo ng computer na sobrang lakas para gumawa ng madaming computations, para makakuha ng coins. Pero maliit at mabagal lang yung ROI mo dito kung sakali. Tipong madaming buwan bago mo mabawi yung ginastos mo para sa mining rig + sangkatutak na kuryente na kailangan nito. Di ko na pinatulan tong mining. NOTE: Just to show how unstable this whole cryptocurrency thing is, just today, a popular mining marketplace called NiceHash went down, and along with it, over $60M dollars worth of coins. Some say it got hacked, some say tinangay nung site owner yung pera. (7) Paano mag-trade? Pag sinabing trading, eto yung buying and selling of different cryptocurrencies. Para magawa mo to, kailangan mong mag-sign up sa isang exchange at ilipat yung coins mo dun. Halimbawa ng mga cryptocurrency trading exchanges: bittrex, bitfinex, coinbase, poloniex, etc. Otherwise, ang concept niya ay parang trading lang idn sa stock market. NOTE: Wag ka magtrade kung di mo alam ang ginagawa mo at di mo kayang isugal yung pera mo on top of yung sugal ng pagi-invest sa bitcoin. Madaming nasusunugan ng pera sa trading. Pinaglaruan ko to sandali at malaki pa ang lugi ko na di ko pa nababawi. I should have around +35% of the money I have now if I didn't trade. So try trading at your own risk. It can make or break your cryptocurrency experience. (8) As much as possible, use a hardware wallet Just so you know, this is supposedly the most efficient way to secure your coins. Personally, I haven't gotten a hardware wallet yet. I use Bread wallet, which is an open-source software wallet. Sabi naman ng madami secure daw ang Bread. I keep all of my bitcoin in Bread, except for the bitcoin I play around with for trading. If you have 1 or more full bitcoin, you might want to get a hardware wallet though. (9) Cashing Out If we still use coins.ph as an example, they have multiple cash out options (cebuana lhullier, mlhullier, security bank, etc). So you can convert your bitcoin back to php and when it's in your php wallet, you can cash it out. Note though:
Your cash out limits are restricted based on your verification level in coins.ph
Converting bitcoin to php will get counted against your cash in limits
Hindi ko pa nasusubukan mag cash out so take all this with a grain of salt!
Also, someone mentioned buybitcoin.ph as a cash out option Ano pa ba? Ask and share your cryptocurrency questions, stories, tips, and tricks.
10-05 20:23 - 'CoinrunnersPH' (self.Bitcoin) by /u/jeunenajrain removed from /r/Bitcoin within 0-7min
''' CoinrunnnersPH the First Interactive Filipino Crypto Community!🔥🔥 What is CoinrunnersPH? Basically, CoinrunnersPH is a community ng mga cryptocurrency enthusiast especially for Filipinos.💙💚💛🧡💜💜❤ Ang aim ng community is to give the subscribers more education about Cryptocurrency and keep them from those scammers na ginagamit ang hype ng cryptocurrency for investment scams or networking. 💯💯 Not only that, CoinrunnersPH tackles the daily news of cryptoworld, crypto mining subjects and specially Cryptocurrency Trading! We have the best miners and traders to guide everyone from top to bottom! ✔✔ CoinrunnersPH is a interaction show in the Live Chat Box you can ask our miners and traders questions to help everyone understand crypto better. But wait there's more! ❗❗ Sabi nila sharing is caring so everyday meron Question and Answer sa livechat box na pag nauna ka and nakuha mo ang tamang sagot makakakuha ka ng 500Pesos worth of BTC per tamang sagot and everyday 5 Questions yun randomly lalabas nila thru the liveshow, take note araw araw yan and pwede kang paulit ulit manalo! 💸💸 And every end of the week naging tradition na ng team na magpa give away ng CoinrunnersPH merchandise or minsan Cold cash! Kanina lang and last friday may nanalo ng 20,000 pesos worth of BTC!! 🤑🤑💸 Ang CoinrunnersPH ay region partner ng CoinrunnersVIP and BitGoSu.com ng Korea and minsan nakakainteract din natin ang mga hosts nila like sir Ryu Dang na very approachable and humble just like our hosts. And speaking of hosts we have the most wonderful team namabubuo sa cryptocurrency community sa pinas kung iccompare sa NBA parang pinagsama niyo na ang Golden State Warriors and LA Lakers.🏀 The team compose of Mr. Nick Galan, one of the most generous on the team and a very wise and clever man with his humble yet handsome producer Sir Paolo Viloria and super funny and intelligent, and we have the Mining Genius Sir Wowie Na-Obre and the Trading Master named Risk Trader! And also hindi mawawala ang ating Lovely Ladies na sina Ms. Kim Sia, Mrs. Bea Inocencio and Ms Gail Jao to deliver our Crypto News and Facts!💕 And lastly, meron tayong discord group chat na magsusupport sainyo kahit hindi on air ang show natin! 🔥🔥 Kaya ano pang hinihintay niyo? Like, Share and Subscribe na to our Social Media partners and see you on the Discord and Livechat box! 😁👌 Visit our official website: [link]1 Follow us on Twitter: [link]2 Follow us on Instagram: [link]3 Join us on Discord: [link]4 Follow us on Facebook: [link]5 Look us up on LinkedIn: [link]6 Follow Risk Trader on FB: [link]7 ''' CoinrunnersPH Go1dfish undelete link unreddit undelete link Author: jeunenajrain 1: c*in*un*ers*ph 2: *w*tter.**m/Coi*Runners*H 3: instagra*.com*Co**Run*ers** 4: dis*ord.g*/bT5**ZJ 5: facebook.c*m/coi***n**rsph 6: li**edin.com/in*Co*nRu*n*rsP* 7: fac*boo*.*om/riskt*ad*r*h Unknown links are censored to prevent spreading illicit content.
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