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Earn FlexUSD While Holding It

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Avatar for Eybyoung
Written by   1264
8 months ago

Do you know that you can earn FlexUSD while just holding it in your wallet, without doing anything? Well, now you know..by just holding it you can avail 10-20% APY. It's good to hedge your funds using FlexUSD during red market while earning a little passive income over it.

FlexUSD is a stablecoin pegged in US-dollar (USDC) that pays holders interest automatically.

You can hold flexUSD in Bitcoin.com Exchange, Bitcoin.com Wallet or any wallet that supports it, also in SmartBCH and you can receive interest payments in intervals.

The yield for flexUSD came from the interest paid from short term lend and borrow market in Bitcoin.com exchange and Coinflex exchange.

For more information about flexUSD please tap the source link below.

Source: Bitcoin.com

Contract address for flexUSD

Ethereum (ERC20):

0xa774FFB4AF6B0A91331C084E1aebAE6Ad535e6F3

Bitcoin Cash (SLP):

dd21be4532d93661e8ffe16db6535af0fb8ee1344d1fef81a193e2b4cfa9fbc9

SmartBCH (sep20):

0x7b2B3C5308ab5b2a1d9a94d20D35CCDf61e05b72

Is it legit?

Yes of course it is very legit, I did try it last week to see how it works and here's the results..

(Sorry, I was playing Pegaxy while taking a shot on my wallet transactions XD)

This is my transactions last week, I sold 0.60 BCH at $329 per BCH and that gives me $200 flexUSD last March 3.. I only earned $0.16 flexUSD since I also do buy back when BCH goes down on March 5.

It ain't much but it's an honest work, who will give you $0.16 within two days holding stablecoin? None, only flexUSD do it. $0.16 is already 8Php in our fiat money.. you can't gain 8 pesos in two days if you put that $200 in banks.

How to swap BCH to flexUSD in Bitcoin.com?

In the home screen just scroll down and tap SWAP button.. after tapping it you'll be directed to options where you chose coins what to send and what to receive.

On the right side was the coin to send and the left side was the coin to receive. That's how it should look like, you just tap coins button to change it since the default coins is BTC-BCH.

If you tap the coin icon coin choices will appear just chose flexUSD as the coin you'll want to receive since you are swapping BCH over it.

After that select what wallet you are going to use to send and receive the flexUSD and then confirm. It's just so easy.

Why chose swapping flexUSD to USDT?

Well it's obvious you can earn cents daily by just holding flexUSD while none in USDT, so you must chose it!

It's another way of generating cents daily without any hassle or without you not doing anything or even putting it on farms.

Swapping BCH when it's high will give you opportunity to hedge your funds when the BCH price goes down and opportunity to buy some as well if you have stablecoins..

But always remember don't put all your eggs in one basket.

Disclaimer

This is not financial advice, and I am not associated with any of the flexUSD team nor they pay me for writing this one. This is just based on my opinions and my experiences in using the stablecoin.

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Date Published: March 15, 2022

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Avatar for Eybyoung
Written by   1264
8 months ago
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Comments

That is indeed a very informative and to the point article about swapping BCH to flexUSD, however I can't see flexUSD in Bitcoin.com Wallet. I was able to see in past but not now

$ 0.00
8 months ago

Ito yung gusto kog ihodl before ate kaso kulang sa budget lagi ahjaja

$ 0.00
8 months ago

Haha saka na lang pag may budget ka hehe

$ 0.00
8 months ago

kaya nga ate ipon muna si ako hahaha

$ 0.00
8 months ago

Thank you for writing this, sis. Saving it.. May unti din kasi akong Flexusd sa Smartbch ko.

$ 0.00
8 months ago

Welcome sis, hehe check mo lang kung nag grow ba kasi pwd din don.

$ 0.00
8 months ago

As a new shoot here I have read a useful and motivated article. Bitcoin.com I have known him long enough but I just tofu for this way and this becomes the main recommendation for me and will try it. Is there no standard for the bigger BCH who will be redeemed?

$ 0.00
8 months ago

You mean minimum to be swap?

$ 0.00
8 months ago

Yes that's what i mean. is there a minimum for exchange? thank you eyby

$ 0.00
8 months ago

Minimum is almost $11 or 0.038 BCH to swap

$ 0.00
8 months ago

well I will save this and become a recommendation for my other friends too. thank you my new friend eyby

$ 0.00
8 months ago

Di ko na maalala kung san ako nag hold ng kunting flexusd. Sa coinflex ata haha! Ma check nga.

$ 0.00
8 months ago

Oo meron din yan sa coinflex try mo check transaction history.

$ 0.00
8 months ago

Bat wala flexusd sakn.. Need ko ata iupdate to

$ 0.00
8 months ago

Yup update mo madam.

$ 0.00
8 months ago

Great tips you've shared here. Think i would try it soon

$ 0.00
8 months ago

Sure, try it yourself 😊

$ 0.00
8 months ago

So is this true for Bitcoin wallet only? If I hold it in my Metamask any income there?

$ 0.00
8 months ago

If you read the article. You will know where to hold it.. please read it carefully I don't like repeating myself because I wrote it there

$ 0.00
8 months ago

no trouble I checked it myself, it does work with Metamask also thanks anyway

$ 0.00
8 months ago

Pwede magswapng bch to flexusd sa bitcoin.com di ba?

Pero mapaasana all na lang ako doon sa 7 pega eh, hehe

$ 0.00
8 months ago

Hahaha yun nga yung article ko swapping BCH to flexUSD 😂

Yung Pega lang tingnan mo eh 😂

$ 0.00
8 months ago

Huli ko na nabasa s adulo, hahaha, sorna... Jusko naman kasi takaw atensyon ang pega mo MANAGER😂😂😂😂😂

$ 0.00
8 months ago

Haha pero isang pega lang yan naka race 😂 naka scroll shot kasi yan. Pero sakto nga kasi 7 pega na ako kasama 3 rents.

Timing kasi nag ss ako nagpega pala ako 😂

$ 0.00
8 months ago

Kaya pala eh, hehe.. Btw, doon s pagswap,magkano minimum? Need tlaga 200 flexusd?

$ 0.00
8 months ago

Thanks for your detailed description. I saw it earlier, actually, but the SLP threw me off a little.

$ 0.00
8 months ago

SLP? Simple Ledger Protocols?

$ 0.00
8 months ago

I don't know, it's written there. FlexUSD (SLP).

$ 0.00
8 months ago

Ah, that's what you mean.. it means flexUSD in Bitcoin.com.. under SLP or Simple Ledger Protocols that's the network in stablecoin under Bitcoin.com..since FlexUSD also runs in Ethereum and in SmartBCH, they all have different networks.

$ 0.00
8 months ago

Well I will gladly welcome anything which will give me a passive income. Let's see how it works for me. Thanks for sharing.

$ 0.00
8 months ago

Sure just try if you want 😌

$ 0.00
8 months ago

I saw this too on Bitcoin.com app, though i have not tried, but you have given a proof that is working , so might just try it out, thanks dear.

$ 0.00
8 months ago

Sure go ahead, try it yourself 😊

$ 0.00
8 months ago

i hold flexusd before on my bitcoin.com wallet but i have swapped it back to bch, recently i even received a notification that there is increases in apr. im sure you are enjoying it

$ 0.00
8 months ago

Not really because I bought BCH back right away, I'll do it again when BCH pumps up.

$ 0.00
8 months ago

Pede ba ibridge Eyb Yung flexusd sa sbch papunta bitcoin.com Wallet?

$ 0.00
User's avatar Yen
8 months ago

Not sure, kasi naka SLP ata sa Bitcoin.com while Sep20 sa sBCH.

Magkaiba sila network.. tamo yung contract address sa taas magkaiba

$ 0.00
8 months ago

Ako waiting nalang na mejo tumaas talaga ee gagawin kondin ti and totoo, sa banko ei natin yan maeeearn basta basta. 8 php is already a big amount. Pero sana tumaas muna si BCH hhaha

$ 0.00
8 months ago

Haha oo ako din waiting ulit tumaas BCH yan na lang gawin ko ayy iwas rugpull pa taena mga token sa sBCH walang sustainable 😂

$ 0.00
8 months ago

Can this coin be mined? Or just for trading, it is!

$ 0.00
8 months ago

Trading only can't be mined

$ 0.00
8 months ago

Ito pala ang pinopromote ng Bitcoin wallet, kaya may notif na lumalabas na ganyan.

$ 0.00
8 months ago

Yes pwd kasi sya sa Bitcoin.com.

$ 0.00
8 months ago