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Airdrops

Urgh, not really my favourite, but it works for some people – obviously not for me.  When it comes down to it, I have better things to do with my time.

So I think the only way this works is through having a large media following so that you can refer to other users and earn potential coins.  I’ve participated in sooo many airdrops, of which I am still to receive a cent.  Having a time limit on it also makes it difficult to reach enough references to make your airdrop worthwhile.

But maybe you have more success than me?

Nevertheless, I will share whichever ones I come across here just in case I have a large social media following.

Watchout!

Set your Telegram profile settings to the following so that you do not get added to groups by other people. Most scammers operate by adding you to their groups, on which they have multiple profiles so that it looks legit when everyone testifies on how good that particular system works.

Important Tips!

Be very careful when people engage with you on Telegram. This is a hotspot for scammers – they are a dime a dozen here, almost like a Petrie-dish of scammers multiplying every second.

Crypto Exchanges

Lets talk exchanges!

Well, first of all, diversify – and not just in the currencies that you invest in, but also the exchanges that you use.  This is for safety that should something … anything goes wrong, you have not put your total portfolio in jeopardy.

I use the following three exchanges (but are registered on many more which I will provide the links for below).

Binance.com

This is probably the most popular exchange as it lists most of the currencies available. Buying with your credit card is easy especially to top up your funds. They have training courses that could reward you when answering correct questions, and their YouTube videos are very helpful which is complemented by their strong social media presence.  I have started testing out there staking opportunities which are very varied, but I still have a lot to learn in this area. There are many other factors not mentioned here, but I’m still getting used to this exchange as I have only joined in January 2021.

Bittrex.com

This is a very good exchange which I’ve joined in 2017.  Since then I have not had any issues with the platform and am able to access the platform on both web and mobile app. I can also add funds via credit card and they have an extensive list of currencies available. They send out email communications regarding trading videos and other opportunities ever now and again, and you’ll find their user experience very similar to what you do on Binance.

Crypto.com

This is a mobile-based exchange that I use almost every day.  They have a web version too but this is not linked to your mobile profile like the other exchanges. This could be problematic if you like to do advanced trading or see what your status is on your laptop when your mobile phone’s battery is dead.  I mainly use this exchange for hodling and staking as their staking is easy and painless.


Some others worth mentioning for my South African audience:

ICE3X

They have limited coins on their platform, but you are able to transact in ZAR. However, payments are not instant as you have to make a payment into their bank accounts, and if you do not add the correct reference number, you may have trouble in getting your funds allocated to your account. On the flip side, paying out to your bank account will be easier if you want to use your profits in the South African market. Bank transfers to Standard Bank and FNB only – takes up to two working days to clear.

Luno

Many South Africans have gotten used to this as the first point of call when buying cryptocurrencies, but unfortunately they only list a couple of coins which means you are not able to leverage and benefit from all of the other great coins in the market. I have also found that their trading fees are more than some of the other trading exchanges.  I used to use Luno in 2017 to buy BTC and then withdraw it to Bittrex.com as I was unable to use my credit card for transactions at that time. Luno was a middleman but soon outgrew its usefulness as soon as I realised that there is a much bigger world out there.

Other exchanges that you might want to consider, especially if you want to start trading between exchanges for arbitrage is listed below. Remember that registering is free and it is always a good idea to have a backup plan.


CEX


Other Trading Platforms which includes Stocks, Bonds, Commodities, etc

eToro
A general trading site where communities can copy each other’s trades.  Cryptocurrencies only available in CFD Futures, and you can copy other successful trader trades.

Rewards for using Social Media

So today I’m sharing my experience using a new social media platform – Uhive – that is a mix between Facebook and some other social media alternatives. Basically what I use this platform to do is to load basically anything, flooding my profile with absolutely anything and everything that I like or that matters to me.  Usually, we like to keep things simple on our Facebook profiles, but here I feel free to let my freak flag fly.

Whether it’s sharing stories, experiences or just another side to your personality, your activity will never be logged or tracked, and your data deleted forever. Unlike most social media, Uhive wants to give back to its biggest and most valuable investor – You! By cycling back real value via the distribution of Uhive tokens in exchange for time spent on the app, and engagement with posts, users get rewarded too. Early sign up rewards available now.

 Download the app here: https://www.uhive.com/invite?c=TSLULY

Cons :

  • Not currently available on the web version (but they’re working on it).  Only an App version is available.
  • You have to log in every day to reach your multiplier.

Pros :

  • You get rewarded for all your interactions in the HVE cryptocurrency token.
  • The censorship that Facebook, Twitter and Youtube are not present here, so freedom of speech has more meaning.
  • Invite your friends, and get rewarded with 300 tokens

Finances :

So how have I been faring? Well, not too shabby actually.  Compared to many of the other opportunities that I’ve tried, this actually shows some long term promise.

At the moment the value of each coin is about $0.003.  I’ve seen that if interact – that is – liking others’ posts, commenting on others’ posts, and posting myself for about 30 minutes, I’ve been able to achieve about 1000 tokens.

I started on 6 February but spent very little time on it. I basically just wanted to receive my daily rewards and keep my multiplier, but in the last week I’ve upped the anty a bit and realised that my interactions are increasing my rewards.

I have reached 13,000 tokens in the past 6 weeks, but experienced about 1000 tokens a day for the past week as I have started increasing my activity.  I will keep this up to see if this maintains its momentum.

So if my math is correct … $0.03 x 1000 is $3. Over 30 days, that could equal $90, which in turn exchange to approx R1,300 for the month.  Also take into consideration that the $0.003 value can also drop or increase over time.  It is very likely that it will increase as popularity on the platform grows.

But the proof is in the pudding.  I’m waiting to see on which exchanges the HVE coin will list, and once I have successfully transferred my coins for USDT (stablecoin), or BTC (bitcoin), I will be a true believer.

Ready to take this journey with me? Follow me @Christine on Uhive.