[00:01] world of cryptocurrencies thinking that the biggest challenge is making money, but the reality is that the real challenge is not losing it. I have been investing in this market for more than 6 years. I've made good and bad investments. In some [00:16] I've won thousands of dollars, and in others I 've lost almost everything. The idea behind this video is to share what has worked for me and help you avoid mistakes that have cost me a lot of money. And that's precisely why in this video I'm going to [00:28] teach you the correct way to invest in cryptocurrencies. I'm not just going to talk to you about the theory, but I'm also going to show you how I personally invest my money. Because one thing is simply talking about investments, and [00:42] quite another thing is investing your own money. Since this video is aimed at people who are just starting out, I want to give you as much value as possible. That's why I'll leave an index in the description with the specific times for each topic we'll [00:56] recommend that you watch the entire video because some chapters complement each other. So without further ado, let's begin. Investing in cryptocurrencies is much simpler than many people believe. It basically works the [01:10] same as buying an asset expecting its value to increase over time. For example, imagine you buy a house for 100,000 pesos and a few years later it's worth 150,000. If you decide to sell it, you make money thanks to that difference in its [01:25] value. Something similar happens with cryptocurrencies . If you buy Bitcoin at a certain price and its value increases over time, your investment also increases. But if the market falls, the value of your investment may also decrease. Before putting a [01:39] single penny into any cryptocurrency, we must approach this topic with the mindset of protecting our money. One of the most successful investors of all time, Warren Buffett, said something that I think applies [01:51] perfectly to cryptocurrencies. When it comes to investing, the number one rule is never to lose money. And rule number two is that you should never forget rule number one: to protect your money, you must stay away from things like [02:05] guaranteed returns. If a person or platform promises you guaranteed returns, you're probably dealing with a scam. Nobody can control the market; it can either go up or it can go down. This concept of [02:19] guaranteed returns is widely used in pyramid schemes or pony schemes, where people recruit other people to invest money. Part of that money stays with the person who recruits, and the other part goes to the creator [02:34] of the scheme. As new people continue to come in , it seems everyone is making money. But when people stop coming in, the system eventually collapses. You should also steer clear of junk cryptocurrencies or what the [02:46] industry calls shedcoins. Currently, there are thousands of cryptocurrencies that promise to replace Bitcoin or revolutionize the industry, but many of them are simply empty promises. The creators of these [02:59] projects generate a lot of money, pay influencers, and attract new investors with the promise of making money quickly. The more people buy, the higher the price goes, but eventually many sell and the [03:11] novice investor ends up stuck with losses. That's why when you're starting out, I personally think it makes a lot of sense to focus on solid and recognized projects like Bitcoin, instead of chasing [03:24] the next cryptocurrency that promises to make you a millionaire. Now, after money, it's also important to talk about how to increase the chances of making money with cryptocurrencies. Personally, I believe there are two things [03:39] that can make a huge difference. The first is to focus on solid and recognized projects like Bitcoin, instead of chasing small cryptocurrencies with exaggerated promises. And the second is to have [03:52] patience. Many people enter the cryptocurrency market expecting to make money in weeks or even days, but the reality is that investments need time to mature, and cryptocurrency investments are no exception. The [04:05] more time you give to a good investment, the greater the chances that it will grow over time. However, it is also important to understand that there are different strategies for investing in cryptocurrencies. Okay, you can [04:18] invest all your capital at once or you can also invest it periodically. Personally, I use both strategies. I invest part of my capital periodically, month by month, without trying to [04:31] predict the market. I'm simply consistent. In fact, we recently started this public portfolio where on the first of each month, regardless of the price of Bitcoin, I buy approximately $1,000. I don't even [04:45] simply make the purchase when the date arrives, and that's it. The idea behind these purchases is to gradually increase my position in Bitcoin over time. In dollars it may fluctuate, but in Bitcoin I have a little more each time. I use another part of my capital [05:00] to take advantage of sharp drops or bear markets. I usually consider these opportunities when Bitcoin falls 30, 40, or 60% below its all- time high. For example, with Bitcoin currently around $76,000, [05:15] which has fallen 39% below its all- time high, I personally consider it a good time to invest in this asset. That's what I personally do. Here I show you this other portfolio where occasionally, [05:29] opportunity, I also invest a slightly larger amount of capital. Of course you'll perfect moment. Ideally, we should have bought it down here or bought it here when it had fallen to its lowest level. But nobody has a magic ball. For [05:43] this, the best thing you can do is choose a good asset like Bitcoin and wait for time to do its work. In fact, one of my best investments was in 2020 when I bought this amount of Bitcoin, when [05:56] the price was around this point. In fact, I bought around $6,000 here and the rest is history, but to get this return I had to give this asset around 6 years. Now I also want to warn you about [06:09] the following. Each person is different and has a different tolerance for risk. What I do want to tell you is that cryptocurrencies remain a high-risk and highly volatile asset. Don't invest money that you will need [06:23] soon or that your financial life depends on. Personally, I only invest in cryptocurrencies money that I won't need in the short term and on which my financial stability doesn't depend. And I suggest you [06:36] necessary foundation to invest in cryptocurrencies, it's time to put it into practice. Next, we're going to create an account on an exchange, which is basically a platform where cryptocurrencies are bought and sold. I'm [06:50] going to show you the whole process, from depositing and buying your first cryptocurrencies to how to store and sell them when you're ready. So let's get down to business. The first step will be to choose a currency exchange, which in the [07:03] crypto world is known as an exchange. An exchange is a digital platform trade cryptocurrencies. If you go to a page like Coingeko, which is this page where absolutely all the cryptocurrencies [07:18] cryptocurrency exchanges, then all the exchanges or cryptocurrency exchanges that are available out there will appear. The most in the top positions. When choosing an exchange, there are three [07:32] consider. The first is that it is available in your country. The second is that it is a reliable platform with a good reputation, and the third is that it has users. If you live in a country like the United States, in my opinion the best [07:47] option is Coinbase. This is one of the largest and most reliable platforms in the industry. Now, if you live in any Latin American country, no matter which one, or in Spain or anywhere else in the world, the best option for you [07:59] would be Binance. This platform is currently the largest in the world and already has more than 318 million users. It also boasts the highest in the market, meaning millions of users are buying and [08:13] selling cryptocurrencies every day. Equally important is that they also regularly publish their proof of reservation, demonstrating that they have users' assets backed up one by one. For example, here on Bitcoin you [08:25] can see the balance that users have within the platform and here you can see the balance that they have in their wallets. So, for all the reasons mentioned, we're going to use Binance to start investing in cryptocurrencies. [08:38] Furthermore, this is the platform that I personally have been using for years and in which I have complete confidence. And that's precisely why Vinance also works directly with our channel, and we have some benefits for you. If [08:50] you use the link I'll leave in the description to create your account, you can get up to $19,800 in new user bonuses. You unlock this bonus amount with your first deposit and by achieving a certain [09:03] trading volume. The bonus you can receive will depend on the amount you deposit and the volume of trading you do. However, I should clarify that trading fees within the platform. It's not money you can [09:16] withdraw, but the most important benefit we have for you is this 20% discount you'll get on commissions for life, which isn't very common and you can get it simply by creating your account with [09:29] our link. That 20% can save you hundreds or even thousands of dollars if you use pods long-term. Getting into the topic of creating your account, these are do so. I personally recommend that you use your email, as it is [09:43] the easiest and simplest option. And with that email address you can also recover your account if you lose access to it. After creating your account, the next step will be to verify it. For this, Vainas [09:55] will only ask you for some personal information and you will finish the process with a facial verification to confirm that it is really you who is creating the account. This whole process is quite simple and [10:07] couldn't show you this process step by and I can't do it, but if you have any problems or would like to see the step-by-step instructions, I 'll leave a video above. Once [10:20] look like this. The first thing we're going to do, before you deposit talk to you about some security settings. To do this, you will go to the user icon and then go to the section I created for the account. [10:34] Under account you will find the security section and here you will find all the security features that you can activate. The first one I recommend you activate is this: two-factor authentication or Google Authenticator. [10:46] With this feature enabled, basically every time you log in or make a withdrawal, Binance will ask you for a temporary code that changes approximately every 30 seconds. This enabled feature adds an extra layer [10:59] of security and protects your account even if someone discovers your password. The second feature I recommend you have activated is this one called the withdrawal whitelist. This feature will allow [11:11] only you to withdraw money to certain addresses that you have already set up. In other words, I wouldn't be able to withdraw money to an address that isn't listed here, in these addresses I've already added. By the way, a [11:24] crypto address is basically a unique identifier used to receive cryptocurrencies. Look at it, it's kind of like your bank account, but this one's for crypto. Even if someone managed to bypass other security measures and [11:36] access my account, they wouldn't be able to withdraw any money. I can only I have already established here. To add a new address, simply press "add address" and enter the name of the place you [11:49] send, and the address. And that's basically it. And finally, here under Advanced Security, I recommend that you have an emergency contact. email address and phone number of your emergency contact. [12:04] If you were to pass away or your account remained inactive for a long period of time, which in my case I set to one year, you will be able to contact this person to begin the process of recovering funds. This seems like [12:17] a pretty useful feature if you plan to invest long-term and want to leave everything in order in case you're no longer around. With those three features activated, your money money, now let's get to the interesting part. Let's look at how to [12:31] deposit money to buy our first cryptocurrencies. When it comes to depositing fiat money , that is, pesos, dollars, euros or the currency of your country, we have three main options. The first [12:43] option is to buy directly with a bank card. This could be Visa, Mastercard, Google Pay, or Apple Pay. This is the simplest and fastest method , but also the one that charges the most fees. The second option is to make [12:56] a bank transfer. This method is also quite simple and easy to lower. The problem is that this option is only available in some countries such as Mexico, Colombia, Argentina and Spain. The third option is [13:09] P2P trading. Here you will buy cryptocurrencies directly from other fees are very low and best of all this method is available for all Latin American countries. The only slight drawback is that [13:23] complex for beginners. Next, I'm going to use each of these three methods so you can see how the fees you end up paying, and thus choose what's best for you. [13:37] ask if you've watched this far to give me a like, as that helps us a lot and it doesn't cost you anything. I also take this opportunity to invite you to Incomes community. You can also follow us on Instagram for short [13:51] become part of our new WhatsApp group. I'll also leave those links in the description of this video. Let's begin with the bank card process home section you will go to the section that says buy crypto. The first step will be to [14:05] select the payment method. Here where it says payment method, we press and select the section that says card and confirm. you will find your country's currency automatically. Otherwise, simply [14:18] enter it, and then where it says "receive," choose the cryptocurrency you wish to buy. To keep things simple and better evaluate the fees, I'm going to choose USDT. USDT is a cryptocurrency that replicates the value of the [14:31] US dollar. The minimum in Mexico is 360 and the maximum is 200,000 pesos. This may vary slightly from country to country. For example, in this video I'm going to buy 1,000 pesos and I'm going to receive this amount of USDT. Then we press [14:44] buy USDT and here it will direct us to an external payment provider. pods, but with an external supplier. your card details. This must be in your name. And further down you will also [14:58] address section you can enter your home address. But now let's move on For buying these 1,000 pesos, they are charging us a payment processing fee of around 20 pesos, which is 2%. But there's something else you [15:12] also have to consider, and that's the exchange rate. Each peso is being taken at 0.054, which if we take as a reference the exchange rate that is on Google, the peso is at 0.058. [15:24] exchange rate on Google as a reference, we are losing approximately 5% in the exchange rate. Add to that the 2% you'll pay for payment processing, and in the end, buying cryptocurrencies with a plastic card ends up costing you [15:39] around 7%. Personally, I think it's quite a high cost to buy cryptocurrencies, but if it's your only option and you want to proceed, then simply press pay. Now let's move on to the methods that [15:52] first one, and this is one of my favorites, is bank transfer. To do this, under the home section you will press this deposit button and here you press that section that says deposit money and these are the currencies [16:05] you can deposit. It can be Mexican pesos, dollars, euros, and also Mexico we will make a Spay bank transfer. and we press continue. are doing this process for the first time, Vainas will ask you to [16:20] open an account with an electronic payment fund institution called MED. This is the institution through which see this process of creating an account with them step by step, here's [16:33] a video. Once you have your account set up, it section another time. And here you will find the banking information you need to your full name, the beneficiary's name, the bank code, the [16:47] clarify that you need to make that transfer from a bank account that is in your third-party accounts. Regarding fees, that transfer does not generate any fees. The minimum amount is 50 and the maximum is unlimited. [17:02] unlimited deposit amount because I have the most advanced verification within Binance. In my case, I'm going to make a bank transfer of made the transfer, return to this same section and press send [17:16] funds. Then you go to the wallet icon that you'll find around here and press spot. And under this spot wallet you will find the balance you also the Faía money that you transfer. In my case, we already have [17:29] point, we have not paid any fees for the bank transfer. Later on, in the section on exchanging cryptocurrencies, I'm going to show you how to convert this peso into any other cryptocurrency. But I want to make it [17:41] favorable than with a plastic card. You end up paying between 0.1% and 0.3%. If this method of funding your account isn't available in your country, I also has quite low fees and best of all is available [17:57] for all Latin American countries. Here you also press the deposit button and you will be taken to this section that says P2P trading. P2P trading is the buying and selling of cryptocurrencies directly between [18:09] Binance users. You have two ways to make this purchase: through regular P2P trading and through fast P2P trading, which is simpler. In this video I'm going to show you the simplest method, which is express commerce or fast commerce. [18:21] and on this side you will automatically find your country's currency; you do n't simply enter it here. Then select the cryptocurrency you wish to buy. I do recommend that you buy USDT here, as that's where you'll [18:34] find the best exchange rate. So, we leave it on buying USDT and on this side you put the amount you want to buy. You can buy from 36 to 360,000 Mexican pesos, which is a good amount. For the purpose of this [18:47] , as you can see, we'll receive more USDT with the plastic card. I also want to clarify that Vina will charge us a 0.2% commission for using this service. Then, we select payment method and [19:01] here you choose the option that suits you best . These are all the options that Mexico, but for your country it may vary. There is a wide variety. You choose what's do it by bank transfer. In fact, if I do it with the north, there's a better [19:15] select the best option I have, since I also have this bank. After here we press continue and here is the best offer which is this seller. He's best offer which is this seller. He's selling me the UST at 17.55, which, if [19:28] we look at how much the dollar costs on Google right now, is 17.36. If we compare that using Google's exchange rate and P2P trading, we're talking about a difference of around 1%. I should [19:43] clarify that the larger the amount you buy in P2P, the lower the percentage buy around $1,000 or more, it drops to 0.5%. What I can tell you is that by doing the math and taking into account the 0.2% to 2% that they're going [19:57] considering the difference in the exchange rate that Google offers, it's around 1% that we're going to sacrifice, which, compared to the plastic card, is still infinitely better. I also want to clarify that the difference between the [20:10] exchange rate shown on Google and the exchange rate this seller will give us seller's profit , because at the end of the day, this is a business. Incidentally, this seller has over 500 orders and has [20:22] completed 100% of them, which speaks very highly of him. I'm going to select it and highly of him. I'm going to select it and for the 1,000 I'm going to receive 56.87 UST. If I agree, I press enter order and at this moment [20:34] approximately 15 minutes to make the transfer. I'm going to transfer exactly 1,000 pesos from my Banorte account, and here are the details I need to make the transfer. At this point, I will pause the [20:47] and at the moment of the transfer I will take a screenshot. At transfer. So, what I'm going to do is press this button I made to upload proof of payment, and here it shows me the option to upload the [21:01] making the transfer. After uploading the screenshot, we press this button to show that our own account and then we confirm. This seller. In fact, he can verify the screenshot here and [21:16] also check that the amount is indeed in his bank account . This person here in the chat is asking me to send them a detailed report of the movement, and here they send me an example of what they are [21:28] simply by accessing the transfer I made from my going to do is press this button to send it to him and then I'll press upload. And here I already sent you the proof you requested. So, what this [21:41] that the money is indeed already in did that because here it tells me that they already released the USDT to me. So here I'm going to telling me that the money is already in my account. To view this money, I [21:55] have to go to the wallet icon and then to this wallet that says funds. This wallet is where I will find the UST I bought on the P2P exchange. As you can see, this process is a little [22:07] also something I use frequently. Now I'm going to show you how to deposit cryptocurrencies, that is, how to send cryptocurrencies to Vainance from another exchange or from a wallet. To do this, under homepage, [22:20] go to the deposit section and select where it says "I have crypto assets", deposit crypto. Here you select the cryptocurrency you wish to deposit. I am going to deposit USDT. On this side it asks me to select the [22:33] transfer network. A network is the system used to send and receive cryptocurrencies between exchanges and wallets. Think of these networks as the highway that cryptocurrencies will travel on to get from point A to point [22:45] B. In my case, I'm going to choose this network, the SmartChain thing, because that's selecting networks, just make sure that the network receiving the funds is the same network you are sending the funds from. You can't cross [22:59] the networks because you would be losing your cryptocurrencies. In my case, I am 100% sure that I have the money in this network in the SmartChain pods. So, that's why I'm going to select it. And on this side it gives me the deposit address. [23:11] unique identifier for receiving cryptocurrencies. Look at this, it's kind of like your bank account. I'm going to log into where I have the USDT that I'm going to send, which is in this wallet called Exodus. Here I have 100 USDT. I'm going [23:25] to select them and press this send arrow. As you can see, I have that money in the BNB, which is the Binance SmartChain, which is precisely the same network that we are selecting here at Binance. I enter the [23:37] amount. I'm going to send everything I have, which is 100 USDT, and this wallet is going to charge me a commission of approximately 4 cents for making the transfer. I press continue and here I'm going to copy the address where I'm going to send [23:49] vainas". Okay, I can copy this address and paste it here on my mobile phone, or I can simply press this little box to scan the barcode that appears here on Binance. I already scanned it and the address was copied [24:02] . After that, we press preview and just swipe to the right to confirm the shipment. In one minute or two, and I go to the wallet icon, those 100 UST that we sent have to appear in this [24:14] sent. It arrived quite quickly. As you can see, inside the pods there are different wallets. We have the spot wallet, margin wallet, funds wallet. The ones you'll use most as a beginner are the spot wallet and [24:28] the funds wallet. In the Spot Wallet, this is where you will we will look at next. And in the funds wallet, that's where the money or UST that you buy in the P2P market will arrive, which is what [24:41] these wallets is quite simple; you simply press transfer from any section. I want to transfer the money from funds to swap the arrows and then select the cryptocurrency I want to [24:55] transfer and I'm going to do the USDT. I enter the amount and simply confirm the transfer. And at this moment the USDT has already moved from the funds account to the spot account. This transfer is instant and also does not generate any [25:07] cost. This pod platform has a lot to offer. And if you'd how it works, I'll also leave a video up here. Now, let me cryptocurrencies, that is, how to go from one cryptocurrency to another. This is also [25:21] for example, fiat money like the peso for the cryptocurrency of your choice. To make these types of exchanges inside pods we have two options. If you go to the trade section, we have the spot option and we also [25:34] Next, we're going to use both to look at their differences and see which one suits you best. Starting with the convert option. And this is something very simple. Here you can download it instantly; you simply choose the cryptocurrency or [25:47] currency you want to sell, or in this case, exchange. For example, I'm going to exchange the peso we deposited with the bank transfer. And here you choose the cryptocurrency you want to buy. You can do it with Bitcoin or [25:59] with whichever cryptocurrency you prefer. I'm going to leave it in UST simply because it's easier to evaluate the fees that way, but you can choose which To give you a good example, I'm going to use 1,000 and I'm going to press [26:12] preview and for those 1,000 pesos I'm going to receive around 57.70 USDT. That exchange does not generate a commission. What you need to pay attention to here is the exchange rate. For example, each USDT is being taken at [26:25] 17.32 pesos, which if we compare it exchange rate on Google, which is currently 17.36, gives us a difference of approximately 0.2%. If I agree to it, I [26:39] simply press convert and just like that you go from a cryptocurrency or in this case from our national currency to a cryptocurrency. At the end of the day, with the option to convert, you end up sacrificing around 0.2%. But [26:52] there is a way to reduce that cost even further, and that is by using the spot option. If you use the spot option, here you will exchange your and the fees are usually much [27:05] a little intimidating, but it's actually quite simple options we need to make the crypto exchange. First of all, on the right side here you will have the cryptocurrency symbols. [27:18] The symbols are three- to five-letter abbreviations used to identify each cryptocurrency on exchanges. Just as, for example, the symbol for the Mexican peso is mxn, we also have the symbols for [27:30] cryptocurrencies. For example, the symbol for Bitcoin is BTC, and the symbol for Ethereum is ETH. And the symbol for teter is USDT, and so on. For example, if we go to the USDT symbol, here you will find all the [27:43] pairs. Pairs are assets that can be directly exchanged with each pairs with which I can exchange the UST. For example, if I want to buy Bitcoin here, I simply search for BTC, which is the symbol for Bitcoin, and [27:58] here I find it available with the UST. This little star means that I have it in my favorites and this 10X symbol means that this pair is available for futures trading. So, I'm going to select the Bitcoin with UST pair and [28:12] on this side we have the order book, that is, the sell orders. buy orders and in the middle we have the market price, which is what the asset is worth at this moment, which in this case is Bitcoin. Here's a chart if [28:25] you'd like to do a technical analysis, but that's a topic for another video. If find the section where we will place our orders. There are several focus on the two most well-known ones. On [28:39] this side we have a limit order. With a limit order, you set the exact price at which you want to buy. For example, if at the current price wait and place an order when Bitcoin drops, say, to [28:52] $65,000. I'll put the price here. On this side I place the amount of UST I wish to buy. We have $256 USD available. If I want to place an order with 100 USDT, if Bitcoin manages to fall to this price, with these 100 USDT I [29:07] Bitcoin. If I want to place this order, I'm going to press the buy BTC button and our order will go to the order book. This order will not be executed; it will only be executed if Bitcoin falls to this price. If [29:21] that order never comes, it will never be executed. For now, I'm going to delete it so that it's canceled, and now I'm going to show you another type of order, which is a market order. With a market order you buy at the current price, and it is [29:33] we're going to buy it at what Bitcoin is worth right now. Here you will simply enter the amount of USDT you would like to buy. For example, I'm going to place 100 USDT and we simply press the buy button [29:47] immediately as you can see here. Similarly, what I bought in Bitcoin I will find in this spot wallet section. And at this point we already have the Bitcoin we bought. Now let 's look at the commissions section. To [30:00] operate in this spot market, Vinas charges a base commission of 0.1%, 1%, which is the cheapest way to exchange cryptocurrencies, and there are still two ways you can reduce it even further. One of them is by using our [30:14] referral link, which will give you a 20% discount on commissions. Another way to get an additional discount is by paying the fees with the is by paying the fees with the BNB token, which is the official cryptocurrency [30:26] of Binance, and that's exactly what I 'm showing you right now. You can even combine both bonuses and reduce your fees by approximately 40%. So at the end of the day you would be paying a commission of 0.06%, which [30:39] is basically the lowest you'll find in the industry. To receive this 25% discount on BNB under your spot wallet, you need to have some of this token. Just like I have these $7 here. Every time I make a [30:53] the commission is deducted from this amount. And the second thing you should do is go to the user icon and go to the VIP portal and scroll down and make sure you have this function activated so that the [31:07] 25% discount is activated and you can pay the fees with that token. Now let's look at how to store our cryptocurrencies, what to do with them once you buy them. For this you have three options. One of them is simply to leave them here on [31:20] leaving cryptocurrencies within the platform under two circumstances. The first is when they are funds that I will be using exchanging cryptocurrencies or that I will send that money to my bank account. [31:35] The second would be when they are small amounts that would not represent a large part of my assets. If you decide to leave your cryptocurrencies within the platform, I recommend that you activate all the security measures [31:47] that we looked at in this same section earlier. And I would also recommend leave up here, since in this video we'll only be covering this platform has to offer. The second option you have [32:01] to store your cryptocurrencies is to send them to an external wallet. This is the option I personally use for large amounts or for sums that represent a significant part of my assets. In [32:13] short, a wallet is where your money will be safest . Regarding wallets, there are two different types. On one hand, we have hot wallets, which are applications that you download [32:25] wallets are, for example, like Exodus, the wallet we use to send money to Binance. With this type of wallet, you simply download it to your mobile phone, save the recovery codes, and you're done. [32:38] I personally use these types of wallets to store small amounts or constantly moving around. On the other hand, we have cold wallets, which basically work the same as a hot wallet, but additionally these [32:51] wallets have a physical device, which gives them the highest possible security you'll find in the crypto world. An example of a physical wallet is like this app you see here called Tang. It [33:03] Exodus wallet. The difference is that when I want to withdraw cryptocurrencies from this wallet, I need to bring this card close to the phone for the transaction to be approved. These types of physical wallets, like these [33:16] devices that I have in my hands, are what I personally use to store Bitcoin long-term. This topic of wallets is quite interesting and deserves its own video, which we already have on the [33:29] about how cryptocurrency wallets work The third option for storing your cryptocurrencies is to generate returns with them. This is the option I use to put [33:42] my altcoins to work. while I wait for the right moment to sell them. Incidentally, in the crypto world, " altcoin" basically refers to any cryptocurrency except Bitcoin. from Etherium downwards. I try to trade [33:55] with a portion of my Bitcoin portfolio during each cycle . In other words, cheap and then sell them when they rise in price. While I wait for this point of sale, I'm putting some of my cryptocurrencies to work with [34:08] a platform like Youoler. This is a crypto platform with a global presence and regulation in countries such as Switzerland, Argentina, and parts of the European Union. This is a crypto platform that I've been using for a while now, and they also [34:21] collaborate with our channel. Currently on this platform I have around 16,000 and I have them working in their growth account. These are the cryptocurrencies I currently have here. And here you can also see the [34:33] annualized interest they are paying me. Everything here operates on a 7-day cycle. Every 7 days I start a new period. Here we can see the days remaining until the end of the period and the earnings I am making so [34:46] far. Once the period ends, I claim the earnings and decide if I want to cryptocurrencies you can put to work on this platform and the maximum return you can get depending on how much you use it. If you'd [34:59] platform a try, I'll leave the official link in the description. And if you use the code INGR50 before creating your account, you'll get an extra 50 sparks . You can use these sparks in this Cloud [35:13] cloud mining. With the sparks you obtain, you can activate these blocks simply by pressing them. Once the timer finishes, you can press the ready blocks and watch your amount of satoshis [35:26] leave you a video up here where you can learn more about this platform. Continuing with the tutorial, let's now look at how to withdraw cryptocurrencies, that is, when you want to send crypto from pods to another platform. To do this, you will go [35:39] to the wallet icon and your Spot Wallet. And here you will find your balance. What you're going to do is press this button that says withdraw and here you're going to select the cryptocurrency you want to withdraw. In my case, I'm going to withdraw [35:51] the $100 worth of Bitcoin we bought. Here it tells me to put the address where go to the platform where I want to send the funds, which here I'm going to press this section that says add money. Next, I'm going to [36:05] press this for crypto deposit and crypto wallet. Here I select the leave as Bitcoin. And here it gives me the options of the networks in which I can make this deposit. This networking thing is like the highway where [36:19] cryptocurrencies will circulate, in this case, from pods to this platform. I'm going to leave it on the Bitcoin network. Here it gives me the QR code and also the address, which is the unique identifier to receive cryptocurrencies here on [36:31] address. What he's going to do is return to Binance, and from this side, you'd simply hit the jackpot. In my case, since I have the whitelist for withdrawal activated, which we look at in the security section, it asks me to add it. [36:44] So, here I'm simply going to click add, add address and here I send the money, which in this example I'm going to put the name Uthoder, and the currency I want to send, which will be Bitcoin. Here it asks me to put the address which is the one we [36:57] pasted the address, you'll select the transfer network, which, as we recall, is the channel through which the cryptocurrencies will circulate. And do you remember if Well, here in Viñas I have to select the same network, which is the [37:12] let me add another network. When you make a transfer, just make sure that the network you send to is the same one that receives. Don't cross the networks because that's where you'd after entering the data, I press save. In my case, what I'm going to do [37:26] is use an address that I already have added, because when I add an 24 hours. So I'm going to add an address that I already have here, which is this one from Bybit. Finally, I enter the amount I want to send, which in this case I'm going to [37:39] send everything I have, which is about $100, and I press this withdrawal button. Here it shows me a summary of what I 'm doing and the commission they're going to charge me, which is approximately like this: If I want to make this withdrawal, I simply [37:51] confirm. And here I have to put a security measure that I put in my once I made the security payments that one puts into things, well basically that money is going to go, in this case from things to BBE. Now let's look at [38:04] how to sell cryptocurrencies when you want to convert your crypto money into fiat money, such as pesos, dollars, euros, or your country's currency. For that we have two options, one of them is bank transfer, which as I already [38:16] mentioned is available for Spain, Mexico, Colombia and Argentina. The other option is to sell them through P2P trading. This is the buying and selling of cryptocurrencies directly between pod users, which is the [38:28] most convenient option for the rest of Latin American countries, where Let's begin with the bank transfer process. To do this, the first step is to convert the cryptocurrency you have into your local currency. In my [38:41] case it's the Mexican peso. Part of this USDT I'm going to convert to pesos for this purpose, and to save myself time I'm just going to use the convert option. I'm going to sell USDT here and I want to get Mexican pesos. Here you [38:54] choose the amount you want to sell in USDT or the amount in Mexican pesos you would like to receive. I want to receive about 500 pesos, which is equivalent to this in USDT, and I simply press preview and confirm. And that's it, at this point [39:06] we have the Mexican peso. The next thing I have to do is press this button that says withdraw. And here I'm going to press this for a cash withdrawal. This service has a fixed commission of 23 pesos, which is equivalent to a little more than [39:19] withdraw 50 pesos or up to the maximum allowed, which is 1 million pesos. It says here that it can take up to a business day, but they are usually executed in a few minutes. We continue. And as I already mentioned, the minimum amount [39:32] is 50 pesos and the maximum is 1 million. This can vary a little from country to country, let's say. If I want to withdraw the 500 we have here. The next step will be to add our bank account. You press on add an account and here [39:44] you will basically enter your name, the name of the bank and the bank password. Remember that this account must be in your name; you cannot use Your bank account will be selected later. This is what you will be receiving and this is the [39:57] order" and if you agree to all you simply press "Confirm". Now let's look at the second option, P2P trading, which is the best option for the rest of the countries in Latin America. For this, I [40:10] recommend that you convert the cryptocurrency you want to sell to USDT, since in P2P trading USDT offers the best exchange rate. The next thing we need to do is transfer the USDT from the spot account to [40:23] the funds account. For that, we press transfer from fia spot to funds and here you select the cryptocurrency which will be USDT. Enter the amount you wish to transfer. I'm going to send 100 USDT and we'll confirm the [40:36] transfer. Now, if you go to your funds account, you already have the USDT here ready to sell. Next, press this deposit button and here you will find P2P trading. To make this more efficient, we click on this [40:48] section that I made quick trade and here we click on this section that I made cryptocurrency you wish to sell, which in this case we have already selected USD. And your country's currency will be automatically displayed here. As I mentioned, [41:01] here are all the currencies of the countries of Latin America. Here you will also sell, from the minimum to the maximum, and you can place it in USDT or receive it in your [41:13] put here that I want to receive 1,000 Mexican pesos and for this I'm going to sell approximately 57 US dollars. It's important to mention here that Binance will charge us a commission of 0.2% to 2% for using this service. The next step [41:28] is to select the payment method. And those are all the options I have for Mexico. These may vary slightly from country to country. In my case, since I Banorte account, which was the bank I used to buy on the P2P marketplace, I'm [41:41] going to select Banorte. If you choose any other bank, simply add that bank's bank account . Similarly, it will ask for your bank details and this account must also be in your name. You can't [41:54] going back to Banorte, which is the bank I'm going to use, we select it and select ad. In fact, because of the amount I'm selling, which is a bit low, and because of the bank I'm using, they're penalizing me a bit with [42:07] exchange rate they're giving me. But if I use the exchange rate on Google as a reference, there's a difference of approximately 2%. That profit that the buyer will keep , that is, the person from my [42:20] country who is going to buy the USDT from me. Usually this difference in the exchange rate is around 1% or even less. This depends on the amount usually sell between $1,000 and $2,000 and I am charged approximately 0.7%. It [42:35] 's usually less than 1%, but oh well, since I want to return 1,000 pesos to my option. And this person who is going to buy from me, this is the number of orders he completion percentage, which speaks quite well of him. Here I press update [42:50] price and simply press enter order. Here is a timer, that is to make the transfer to my bank account. Here you will find the order details, the amount I will receive, and my bank details. [43:03] I also have an internal chat here in case I want to communicate with that person. What I'm going this person to make the transfer and then I'll be right back. A few minutes have passed and this person has already sent me a screenshot here [43:16] that they have already made the deposit. But I can't rely on a log into my bank account and verify that the money has indeed this screenshot, the balance is already reflected. So, once the money is [43:32] in your bank account, you can proceed to release the UST. When using make sure not to release the money until the balance is already in your already have the money in my account, I'm going to scroll down and [43:47] press this button that says "Payment Received". And here I verify that I received the payment of 1,000 pesos in the name of this person. And here I press confirm release. I will also place my access keys here. And that's it [43:59] our cryptocurrencies here on the P2P exchange. Finally, I'm just going to send a courtesy message here to the person saying but I like doing it. If you've followed the steps in this video, you now [44:13] the right way, from protecting your money by choosing a good exchange for your first investments to storing them, generating returns, and returning them to your bank account. If this video has helped you [44:26] , I would only ask a couple of things. The first thing is for you to give me a get this content to more people like you. And you would also be supporting me by sharing it with someone who is also starting out in this world. The [44:39] second is that if you decide to start with pods, use the link I'll leave you get the benefits I mentioned and you'd also be supporting the channel. This is at no cost to you. And you'll also find [44:52] deeper into pods because, as I said, here we only look at about a quarter of everything this platform has to offer. And here I'll leave you video, which is Jud Holer, also in case you want to take advantage and put [45:06] So without further ado, I'll So without further ado, I'll leave it here for this video.