Crypto.com Still Worth It? Big Staking Rewards Changes!🤔
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In this video, I will explain to you the latest changes from Crypto.com which has a major impact, particularly on your Staking Rewards. I love their platform and app to buy, hold and sell my Crypto and most importantly to stake it, but in their recent changes, they have now significantly reduced the benefits or staking rewards you will be getting on your Crypto.
In my case, my biggest position is Bitcoin which previously I received 6.5% staking rewards for a 3 month fixed term as I own the Crypto.com Royal Indigo Visa Debit Card. Now, this will be reduced to only 4%. If you want to stay flexible, meaning you can withdraw your money any time, it will be only 1% staking rewards and that’s really nothing special, especially in the world of Crypto Staking.
Therefore, I have looked around and checked stakingrewards.com which is a great website where you can see the latest staking rewards for most crypto coins out there. Looking at BTC, I found Nexo to be my ideal option and I will transfer some of my funds from Crypto.com to Nexo to get higher staking rewards, more flexibility spread my risks, and the amazing benefit of using my Bitcoin as collateral to take out a loan at 0% interest, without any approval and immediately due to the fact that I am a Nexo Platinum member, which anyone can become by holding 10% or more of your portfolio in Nexo coins.
So far I am loving the Nexo App experience and hope that Crypto.com will soon increase their offering and Staking Rewards again to keep their users happy.
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💰 FAVOURITE MONEY PLATFORMS 💰
► Bondora
P2P Lending – Get 6.75% Interest on your money, withdraw anytime. Sign up with my link & get €5
https://bondora.com/ref/kais267
► Nexo
Get $25 worth of free Bitcoin when you sign up
https://nexo.io/ref/seqljaccjb?src=web-link
► Ledger Wallet
Keep your Crypto safe with the industry-leading Hardware Wallet
https://shop.ledger.com/?r=dc84cfe06781
► Curve Card
Get €5 plus 1% cashback on everything for 30 days when you sign-up to Curve using my link
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⏰ TIMESTAMPS ⏰
00:00 Crypto.com Staking Rewards Intro
00:49 Why I love Staking Rewards as Passive Income
02:38 Staking Rewards changes on Crypto.com
05:04 What I Will Do Next
05:36 Stakingrewards.com for Staking Rewards Comparison
07:48 Nexo App Staking Rewards
⬇️ ABOUT ME ⬇️
Hi, I’m Kai and in this channel, Smart Money with Kai, my main goal is to simplify Personal Finance for you and I will be talking about all things Personal Finance, Financial Minimalism, Investing, Stocks & Cryptos, and Business Mindset to help you build a life of lasting impact and financial independence.
Two new videos are uploaded weekly every Thursday & Sunday.
Stay healthy, get wealthy and I see you in the next video. Ciao, Kai.
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Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment/educational purposes only and should not be construed as financial or legal advice. You, and only you, are responsible for your investment decisions.
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Affiliate Disclosure: This description contains some affiliate links, meaning that I may earn a small commission if you click through and use these links (at no additional cost to you).
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#cryptocom #staking #rewards #nexo #btc #stakingrewards #crypto
Are you staking your Crypto? If so, which platform are you using?
Check out Nexo App, which I really started to enjoy a lot https://nexo.io/ref/seqljaccjb?src=web-link
Bad communication is just really unprofessional imo. I am all for CDC long term and those rates are not sustainable long term, but come on man this is just bad rep… It would be nice if there was a bit more plus side on having a higher card tier related to the earn program because that is now almost gone. Especially for the staking amount. 30k limit is the same for ruby and obsidian. The card itself is still one of my favorite investments in crypto. I am waiting a little bit before I look to put my earn somewhere else but the chances are I am putting it somewhere else.