How to buy and stake on Crypto.com
In the previous post, I shared my portfolio allocation plan. In this post, I will show how I buy USDC and stake it to earn a 10% interest.
I use Crypto.com App to purchase the tokens.
There is no credit card fee on the first 30 days, so I use my Wise credit card as much as possible, because their FX is the lowest.
Thereafter, I will use fiat. For Singapore, it will be through StraitsX. There will be 2 fees:
- FX loss of ~0.6% (by Crypto.com) when we buy using SGD
- When withdrawing back from StraitsX to Singapore bank there is a 0.4% fee
The staking rewards from Crypto Earn is awesome for USDC (and all stablecoins) and also Polygon and Polkadot.
But for Solana, they offer only 3%. I know how to get 6.5% by delegating directly via Solflare wallet. That will be in the next post. π€π»
The only constant is change. Interest rate will change.
