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I will show you how to Use ThorSwap to Stake Native BTC, BCH, LTC, and DOGE Coin to Earn Passive Income for Long Term hold were you can get over 30% APY for holding those tokens. THORSwap, the cross-chain DEX, is evolving into a DEX aggregator in order to support long-tail assets across multiple blockchains like Ethereum, BINANCE Smart Chain, Cosmos IBC, and Polygon. THORSwap currently supports 20+ different crypto assets across five blockchains (Bitcoin, Ethereum, Binance Chain, Bitcoin Cash, Litecoin) on THORChain’s Multi-Chain Chaos Net (MCCN). THORChain enables native token swaps, without pegged or wrapped assets.
I show you how to Natively stake BTC, ETH, BCH, LTC, DOGE and Earn Over 30% APR on ThorSwap. I have some BTC, ETH, BCH, LTC, and DOGE coins lying around that I need to stake and earn passive income. Currently, following are the single or double assets staking rewards: BTC provide 24% APY, ETH 26% APY, BCH 31%, DOGE 34% APY and with other dozen bluechip currencies in native chain as wells as BEP2 (Binance Chain not Binance Smart Chain) and ERC20 (Ethereum chain) tokens. Of course if you have extra RUNE lying around you can do double sided staking. I only have single assets, so I will be switching to single sided staking.
Buying Bitcoin Without Fees from Strike App
You can buy Bitcoin from Strike App without any fees. You heard it right-- there is no fees to buy Bitcoin with fiat (in my case USD) in Strike app. I will provide links below to Strike App signup if you do not have one. Strike App you need to do KYC (Know-Your-Customer) with government issued ID. There is no miner fees to send Bitcoin on Strike App due it's use of Bitcoin Lightning Network. There is a weekly limit of $2000 to purchase bitcoins. I love it because it allows me to invest my weekly Starbucks spending few hundred dollars into Crypto Defi platform for higher yields. I will provide a strike signup link below if you do not have one.
Buying Bitcoin Without Fees from Robinhood Wallet
As of recently, you can buy Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), DOGEcoin (DOGE), Litecoin (LTC), Bitcoin SV(BSV), Ethereum Classic (ETC) from Robinhood without fees directly from linked bank account and transfer out to external crypto wallet. You need to get a Robinhood crypto wallet. This is different from regular Robinhood stock investing account. I will provide a Robinhood sign up link if you do not have Robinhood crypto wallet account. Great advantage of Robinhood crypto wallet is there is no fees to buy any of those cryptocurrencies. Also withdrawal fees are no existent compare to COINBASE and Binance exchanges. I hate withdrawal fees from Coinbase and Binance. It eats up to my purchases when I am little investor trying to put my weekly coffee money into a long term savings.
How to Stake Native BTC, BCH, LTC, SNX, YFI, and DOGE
Next, I will show you how to stake Native BTC, BCH, BSV, LTC, DOGE and dozen other coins on App.thorswap.finance. First, you need to connect your wallet. Supported wallet are XDEFI, Terra Station, Wallet Connect, Metamask, Ledger, Ethereum Wallet, Keystore or Import Phrase. I created a Keystore file. You need to save this keystore file and back up decryption password in a KeePass type password safe. After I connect my wallets under the wallet tab, I am going to send my Bitcoin Cash (BCH) that I have lying around in another centralized exchange I am going to send to thorswap to stake and let my investment grow during the current crypto down cycle. Under the wallet tab in the Bitcoin cash, click on receive. It will give me a QR code as well as Bitcoin Cash address where I will be transferring funds from another centralized exchange. You can buy Bitcoin Cash (BCH) from Robinhood wallet and send them directly to this address. Robinhood does not charge a withdrawal fee except for very small in order of micro cents in miner fees. Send your Bitcoin Cash (BCH) to the Thorwallet BCH address. Never send BCH to Bitcoin address or other crypto addresses. It is very important or you will lose funds permanently. It take over 10 minutes for the funds to arrive on Thorwallet. Next, go to Pools tab on the left. Go to BCH Native. Native mean it is actual Bitcoin Cash not a wrapped or synthetic version of Bitcoin Cash or other tokens. Click on BCH liquidity. It will take you to default BCH+RUNE dual liquidity pool. Since, I only have BCH on my account, I click on BCH only. I click Max amount I want to invest. As you can see with BCH total fees are like $0.00224359 or BCH fees 0.0000075 BCH. This is like 0.2 cents. Fantastic fees compare to Ethereum staking fees in few dozen dollars. Click ADD LIQUIDITY. Wait for transaction to confirm in the Bitcoin Cash (BCH) network in 10 minutes. That is all to staking on ThorSwap. To withdraw you funds click on button next to liquidity on the top bar of the screen when hovered over says withdraw. You can withdraw anytime all or part of deposit funds for staking.
Risk and Rewards with Thorswap Staking:
There is very little impermance loss with Bluechip token with respect long term play of holding BCH or BTC, ETH other other bluechips. Thorswap guantee impermance loss mitigation after 100 days of deposit. 1% per every day of deposit. This is a great way to have my holding of crypto grow over 30% year-over-year.
If you enjoy this ThorSwap single Side Staking tutorial, please hit the tip button show some love. Happy crypto.
https://invite.strike.me/R2IGWH
https://join.robinhood.com/chandrg151
https://www.coinex.com/register?refer_code=bagrf
