Even since I discover the awesomeness of BCH, I started to learn more about it. Though my knowledge is still 0.01% at least I still gained some even if it's not that much lol. What I like in learning more about cryptos are those people I met or encounter here. We have the same reason on joining here first but after spending more time and learn some more about crypto we came into one conclusion that Bitcoincash is for all of the people, it can be our today, our tomorrow and our future.
Anyway, I'm writing this article because along the way on my Bitcoincash Journey, I encounter some application that can be use to earn more BCH by staking or lending your BCH. I used Nexo since everyone is using it. Off course I will go to the place with a lot of people that's why I choose this. November 30, 2020 is the exact date when I decided to register in Nexo and top up a $10.19 worth of Bitcoincash. That time BCH was just in $300+ in price.
The time I deposit some BCH there, the interest you can earn was 5%. I think that's big na specially you can earn it everyday. That's 5% interest will arrive in your wallet without missing a day. You can see it naman in your Transactions they will even give you an email for that transactions. But when I check it today, the interest that you can earn now in Nexo under BCH is 8%, it's big compare to nothing.
If ever you will deposit a big amount in Nexo maybe you can also earn that big. And off course, while you're BCH is in there there's a big change that your money will also become bigger. As the BCH price changes the value of your money that you are hodling it will also got bigger. It's great right, you can just sit and relax and wait.
But today, I decided to withdraw my money in Nexo because of what I read in noise.cash this morning. It's about the KYC thingy, I got scared that my account will also got lock up and what if they also ask my ID. And that is my problem, I don't have it right now I only have my PH ID, lol. But this is not just the reason, I just thought I think it's better to just withdraw it all.
I also want to use it to buy Waifus in Juungle, I think it's better to use it there. So I withdraw all of my BCH. By the way, my BCH also gained profits because of the continuous rise of price of Bitcoincash. From $10.19 it becomes $20.84. I put 0.0347089 BCH and now it becomes 0.03517749 BCH. In 4 months that my BCH was in Nexo, I gain a total of 0.00046859 BCH from the interest or $0.27.
Not bad I know, at least I gain some from just lending it. It's better that nothing, and the amount that I deposit is not that huge also so it is just normal.
Anyway, I withdraw my BCH there and you might also encounter some problem in withdrawing it if ever. Example is, how to find your Bitcoincash address Legacy. Let's jump directly on how to withdraw it and start here.
As you can see there is important note there with that red font style. You can put your BCH address legacy or you can use Bitcoincash Address Converter. To do this you just need to do this.
Just open Bitcoin.com or whatever wallet you are using. Copy your receiving wallet and open this Link.
Just paste you BCH Address and hit enter. Wait for a second if you have a 45MB internet speed. And wait for a minute if you are in Philippines, Oh wait I mean whatever.
Copy your BCH Address Legacy, paste it in the receiving address. Put the amount and hit withdraw. You just have to verify your withdrawal using phone number or your email address.
If you are using Bitcoin.com then your BCH will arrive as fast as Kangaroo like 'tis ☝️ and that's it.
Achieving a goal is hard if you don't have the will to achieve it. So, why not add this goal into you LIST? If you are in read.cash or noise.cash then doing it is not that hard. Save every tip of BCH that you will receive in read.cash and noise.cash them HOLD it. BE ONE OF US AND TOGETHER WE WILL ACHIEVE IT. We💚BCH
Read this to Start!
March 14, 2021