*EDIT: I don't know what happened, I lost half of the post when I posted during the night, so sorry
Well, I hope that my previous post about apps that helps every one to get free coins could be used, or at least informed somehow you guys. Now I will show how I started more deeply in crypto investing. I registered myself in two different exchange websites Wealthsimple and Crypto.com. Only the second one is available outside Canada.
Wealthsimple is a website/app that is available here in Canada only. It was born to deal with stock exchanges, but it also has other types of investments such as the Registered Retirement Savings Plan (RRSP), and most recently, they added a crypto exchange tab with 34 of them. I started there with an RRSP account in which I control the buying and selling of stocks associated with it. They were periodically sending advertisements for their crypto exchange account, so I decided to register and add 25 CAD in ETH. In addition to that, they gave me another 25 CAD to top up, which is something nice that they provide. The platform is very used to use, it connects directly to your bank account. So if somebody here from Canada hasn't used it yet, it is your change and use my referral so you can get 2 stocks in addition for free.
Wealthsimple referral:
https://my.wealthsimple.com/app/public/trade-referral-signup?code=U9SLQQ
Probably you all already heard about Crypto.com. It is a well-advertised platform with many "credit" cards, which in reality are pre-paid credit cards. They don't work without adding funds to it. This platform has a native CRO coin, which is pretty similar to BNB. In the beginning, I opened an account at Binance, but there is a problem here in Canada: they suspended the transferring from Canadian residents. I guess it is a problem that all credit cards here are forbidden to buy cryptos. So I decided to move forward with Crypto.com. Everything is based on CRO coin, and it looks like a promising coin in the future, since they are used internally to buy and sell cryptos as well. And in addition, it is used in this credit card system on the website and other products, such as stacking and their supercharger event (events that occur periodically in which we put our CRO's in liquidity to get other coins). Actually, every hour that your CRO's are in there counts, and you can remove it from the event anytime.
CRO had a huge jump right before the new BTC crisis; it reached almost $1.00 of value ( it was around $0.30 when I started in the middle of the year). Now it went back to $0.50 at least for now.
The current supercharger event is with ETH
The only thing that I think it was confusing, in the beginning, is that the crypto.com app doesn't have a browser version. The company has another product called crypto exchange that is available for browsers, which I explored a little, but it is not directly connected com the app.
Here in Canada, we can transfer money using a system called e-transfer, which in our bank accounts, we add an e-mail or phone number of the recipient and the money, and that's it. So for crypto.com, they have a specific e-mail, and they only ask you to add as a note the particular number ID from your account, so they can find who is the owner of that money.
In the beginning, I was afraid to get a credit card that asked you to stake some money in CRO to be able to use ( all of them except the midnight blue with 1% in cashback ask you to bet an amount of money in CRO for six months). I ordered and started to use it. In the beginning, it is a little bit annoying because you need to transfer money to Crypto.com, wait some time, and then top up your credit card. But for me, it was worth it because I was getting CROs in almost any type of shopping ( well, I realized after that some transactions don't give you CRO back, such as paying for bank products, utility bills, insurance payments, mostly financial payments).
So I decided to upgrade to the Ruby card ( with 2% of cashback and gives you Spotify for monthly payments refund), and there is a deal that nobody knows! When you upgrade your card, you need to pay a fee of USD 50 (WOW), but I went through. And in addition, as I said before, you need to stake something, in this case, CAD 500 (as you can see in the figure, in USD is $400) in CROs for six months. And the problem is that the stake for the Ruby card is the only one that doesn't give you APR, so you are just locking your CROs for six months. The Royal Indigo and Jade Green stake of USD 4,000 ( or CAD 5,000) gives you APR, but it is a tremendous amount of money for me at least to lock it!
If somebody is interested in joining crypto.com, you can use my referral and get $25 in CRO for staking in your first credit card. It is already a big help, I believe.
Crypto.com referral:
https://crypto.com/app/b7jwh83tk8
I hope that some of this experience helps someone, probably will help more people in Canada, but still, there is some valuable information on how crypto.com works. In the next and probably final ( if it is not so big), I will write about some exciting blockchains that I am exploring in addition to the hive.
