When I step my mind into the crypto world and started to earn BCH both noise cash and read cash I only think 'I will earn BCH as much as I can, and sell my BCH earnings once the price will be worth a million pesos'. I don't have intentions to learn about trading or staking or whatsoever. I am not the person who wants to explore and learn new things but other users influence me on how they grow and accumulate a huge amount of money in just a short time by using their BCH earnings.
As I continue my journey I discovered new things about crypto. I discovered an NFT Marketplace, a trading app, other wallets, and about shitcoins but my knowledge of crypto is just basics unlike others but now I am ready to take the risk and learn more.
I remember when I first use Trust Wallet I spent more than 2 hours finding how to convert my BCH to Smart Chain (BNB). Finally, I found a way but it has too many steps and I didn't realize I can also convert my BCH to Smart Chain (BNB) on Binance I just realize it when I use Trust Wallet for more than a month 🤦♀️. After converting my next problem is how to convert/buy a token/coins. I watch some tutorials on Youtube and ask some persons and finally, I did it. The first Token I bought is Safemoon and Pitbull and I regret buying them. That is the time that I learn that I should never take a risk buying Shitcoins.
A few days ago I tried to stake Cake on pancakeswap I heard it before but I didn't put my mind to it. I just put my mind into that matter when I saw many articles about it this day. Some people say they got a passive income that is why I also want to try it. Thanks to ate @Eirolfeam2 for her article it helps me a lot Staking Cake on Pancakeswap: Building a Passive Income!
First I bought a Cake Token on Trust Wallet. Since it is just my first time try I decided to buy a small amount first, I bought 0.4 Cake worth 480 pesos plus the gas fee a total of 500 pesos. I'm still planning on buying 0.6 Cake Token after this month so that I can have a 1 Cake Token.
I intentionally leave some Smart Chain BNB for a gas fee because every transaction needs a gas fee. Don't worry it is just a small amount maybe it just cost $1.
I tap the 'Dapps' on my Trust Wallet then I find 'pancakeswap', on the left side you can see 3 bars tap it and find for 'pools'.
If you are already in the 'Syrup Pools' scroll down and pick a pool that you want where you will stake your Cake. You can stake your Cake to earn more Cake or you can also stake your cake to earn another token. For me, I choose this pool because it has the highest APY.
Once you already choose a pool then it is time to 'Enable'. You can see the enable bottom once you tap the arrow down button.
After you enable it is now the time to stake your Cake. I stake all of my Cake (I tap the max to stake all of my Cake). Lastly, you need to confirm the transaction and pay the gas fee. I paid 43 pesos for it.
After following all the steps all you need to do is relax and enjoy earning.
While I was confirming all transactions my heartbeat is so fast I don't know why. Maybe it is my first time and also I'm nervous about spending money. Lol
After a month maybe I will make another article on how my Stake Cake doing if I gain or not.
Note: I don't want to advise everyone to stake Cake Token. Do your own research (DYOR).
I’m also new to earning coins and still learning how it works, with regards to investing.l, need ko madaming pagpipigil para hindi ko icash out coins ko 😅