Do you know how to invest with cryptocurrency? I do; I have been consistently making returns over 100 % APR with my cryptocurrencies. Try doing that at your bank. Returns like that are easy and safe when you understand what is possible in the crypto space these days.
Yes, there are still many scams out there, but you need to educate yourself a little and DYOR to not lose your coin. Today you are in luck because I am going to tell you about DeFiChain and CAKE DeFi. I have done my research on DeFiChain and believe they will be one of the top players in the future of DeFi.
DeFiChain is the blockchain that the network runs on, and DFI is its native coin. CAKE DeFi is an investment platform that allows anyone to invest their crypto easily. The platform is beginner-friendly, and anyone can get crazy returns easily and safely. CAKE DeFi – That is how to invest with cryptocurrency.
Let me tell you more…
But Investing in Crypto is Risky
Risky compared to what? All investing is risky. That is why you should DYOR so YOU can make an informed decision about the risk you want to take on anyone particular investment.
Just like any investment, it is all about managing your risk. Crypto is no different. There are thousands of new projects popping up in the crypto world, and yes, probably most will fail. So how can you tell the good from the bad? What makes a good investment with Crypto?
Transparency is a big thing. If a company is not fully transparent, it should be a red flag straight away. Any legitimate project will be fully transparent in its dealings. There should also be a white paper and a roadmap freely available for anyone to view. If a project is not transparent they are trying to hide something.
What Else Should I Look For?
Purpose, what is the project’s purpose? Does it have a use? Does it solve a problem? What competition does it have?
These are all valid question you need to ask yourself when doing your research. If a project doesn’t have a real use, it will likely not be around for long. On the other hand, if a project solves a problem and has a genuine purpose or use, it will likely flourish, and its value will increase.
This is just common sense, but unfortunately, many people have not got it these days and get caught up in the hype on social media and get FOMO. They invest in these shit coins and say crypto is risky when they get the rug pulled or lose their money. Investing can be risky if you don’t DYOR and manage your risk properly.
Read the DeFiChain White Paper and see what DeFiChain is all about from the link below,
they are solving problems in the DeFi Space
So What is CAKE DeF
Cake is an investment platform that enables anyone to invest with crypto. The cryptocurrency world can be a little confusing if it is new to you. Crypto has its own Lingo. You can read about it here ===> Understanding the Crypto Lingo.
Cake makes it really simple for anyone, even a crypto noob, to put your cryptocurrency to work for you and generate a truly passive income. Now I am not talking just a few % like you get at the bank. I have been consistently making returns around 100% easily and safely.
Sounds too good to be true, almost doesn’t it? Once you do your own research and realise how it is possible, you will see that CAKE DeFi is legit. You can read my Full review on CAKE DeFi for a product overview.
CAKE DeFi is totally transparent and can be trusted. They also have a fantastic support team if you need help with anything.
Basically, they have three services that you can use to invest with crypto.
- Lending Service
Lending is a place where you can invest your BTC, ETH, USDT and get Guaranteed Returns.
You can participate in a Staking pool and earn master node rewards. 90% APY paid every 12 hrs.
- Liquidity Mining
Provide liquidity to the pools on the DEX and get paid rewards. 80% APR paid every 12 hrs
Cake DeFi explained in under 2 minutes.
The Next Steps
There are a few steps to open your account at Cake DeFi.
Everything you need to know about the $30 sign-up Bonus My Referral Code: 921297
- Sign up – Open your account here ===> Open my CAKE DeFi Account Now
- KYC – they need to identify you before you can invest at CAKE found out about it here ===> KYC @ CAKE
- Funding your account – Learn about deposit and withdrawals here ===> Deposit & Withdrawal info
- Decide which services/options you are going to invest in ===> CAKE DeFi Products
- Compound or collect your rewards = Happy Days!
Eventually, you will want to cash out. Currently, the best place to do this is an exchange like Kucoin or Bittrex Global. Cake is not an exchange, and you can not cash out at Cake. You need to send your crypto to an exchange to cash out your crypto.
Going Fully DeFi
CAKE DeFi is a company registered in Singapore. Cake makes it easy for anyone to invest with crypto, but they hold the keys when you invest at Cake.
To go fully decentralized, you can run a node on DeFiChain and participate in Liquidity pools straight on the DEX. You hold the keys at DeFiChain, but you have no direct support as you do at Cake. You also need to be a little bit tech-savvy to run a full node, but this will change when the light wallet is realised.
If you want to Stake on DeFiChain, you need 20,000 DFI collateral to run a master node otherwise you can stake at CAKE with no minimum amount. I personally liquidity mine on the DeFiChain wallet app and send my rewards to Cake DeFi and Stake them. I can also send wrapped token to my DeFi Wallet from Cake and then use the DEX to exchange coins.
One of the main points that makes DeFiChain stand out for me is the fact that it is turing-incomplete for reduced attack vectors. This means it is a lot more secure than other Ethereum based DeFi. DeFiChain is still an infant project and they are still rolling out a lot of decentralized services on their blockchain.
Some of the new services coming to DeFiChain are Atomic Swaps, which means you will be able to transfer BTC straight into your DeFi wallet. They are also releasing a light wallet this quarter which means you will no longer have to run a full node to use DeFiChain.
Soon, Trustless on-chain commodities and currencies will be available. Decentralized Tokenization is coming & also Decentralized Lending, a Moblie App and even expirable futures & perpetual swaps. So, DeFiChain will be a blockchain dedicated to fast, intelligent, and transparent financial services accessible by everyone.
DeFiChain a dedicated financial blockchain that is how to invest with cryptocurrency. Don’t just take my word for it, DYOR. I have given the links above so you can make an informed decision for yourself.
I think it is fantastic what DeFiChain & CAKE DeFi is doing in the world of DeFi. They have levelled the playing field for investing with crypto and made it possible for anyone to get awesome returns safely and reliably. Where else can you continually get returns of 80% and higher on your investments?
I must admit I was sceptical when I started until I fully understood how it all works, but now I love DeFiChain. It pays me daily. I have full confidence that DFI will only increase in value as DeFiChain builds and add more value for investors. It is a great project in the early stages. NOW is your chance to get on board and make some great returns.
DeFiChain, that is How to Invest with Cryptocurrency.
Be the Best you can Be
! DISCLAIMER: I am not a financial advisor. This is not financial advice. The content and material I provide on 2dsirecrypto.com is my opinion only and general in nature. Always do your own research before investing any money. You should always understand the risks involved in trading and investing and seek advice from licensed professionals before undertaking any investments of your own.