Maximize Your Crypto Earnings with BitTrue: Daily Interest Explained

[Music] hello everyone uh welcome to the next video in my series about cryptocurrency

investment if you have not watched the previous episodes i highly recommend that you watch some of the previous

episodes so you get an idea of what i'm saying and how i've been explaining about the

crypto investing uh in this video series the playlist is in my uh channel you can go and find it

uh in the english series for uh crypto investment i've done it in tamil as well and this is the english version of it so

um today we're going to be talking about uh an exchange called pitru where

you get daily interest for holding your crypto just holding encrypt out there there is no uh deposit lock-in periods

like 30 days or there is a deposit version but a lot of cryptos basically you just hold it on a

daily basis and you get uh interest on a daily basis and you can withdraw it anytime there is no

locking periods for most of those cryptos and you can get as high as seven point three percent some of the cryptos

if you lock it in for 30 days you get even 15 16 interest and this is like a passive

income or a daily interest that you can get out of crypto that generally when people buy crypto

they hold it for at least in a few months or a year for the crypto to become really you know

high uh in value or you know increase in value multiple times during that period instead of letting

that crypto sit idle you can just put it into a an exchange like bit true which is trusted and

generates high interest i can i'll show you my example where i'm earning like nearly about eight hundred nine hundred

dollars just an interest alone in a year um just by holding my crypto in petru instead of

another exchange and i'll also explain why bit true and why some of the other exchanges

potentially offer a little bit higher but why bitro is safer comparatively compared to the other

exchanges but before that um you know one thing that i wanted to explain about is the

currency called zap or cryptocurrency calls up when i started my video episode one i

spoke highly about zap and in my episode two i also explained how in my in my portfolio

zap is sitting in my top two uh in terms of the money that i've invested in cryptos in uh from a portfolio

perspective and let's see what zap did in the last two days

so zap um incidentally in the last two days um we are on the fifth of november and

on third of november it was roughly around three rupees fifty percent you can

actually go to coin stats and you can see what the um value was like uh for almost for the last two or

three weeks it was hovering around the three rupees fifty percent mark and uh suddenly in the last couple of

days uh you know it is it is jumped up to nearly about six pound six rupees 65 peso

and right now it is sitting at five rupees 38 percent so if you put that into perspective

uh the jump in two days is roughly around 90 now when obviously a lot of cryptos have

done well in the last couple of days but after the last week's bloodbath but um zap has jumped nearly 90 percent as

compared to many of the cryptos even bitcoin for that matter whereas jumped like

10 15 percent that's the kind of potential that i was talking about in my episode one and episode two where there

is a potential to increase so you know you put 10 000 rupees into bitcoin you would have probably got 12

000 rupees um because of the bitcoins price increase but you put 10 000 rupees into zap

you would have got like 9 19 000 rupees in a couple of days time obviously now i'm giving you the best case scenario

but even if you take the um the rough um scenario where

i publish the video on like the first week of october and uh if you had bought it anywhere in

the last two weeks the average price of zap was around roughly about four rupees or four rupees

20 and today um after the 6.6 rupees 65 does it has come down a little bit but it is still

sitting at around roughly five rupees 40 paisa and that's an increase of about 35 percent

so even with that if you had invested 10 000 rupees in any of the last two weeks you would

probably be getting around roughly about 13 400 rupees today which is 35

jump in in two weeks which is a decent return of investment for any investment anywhere for that

matter and in a span of two or three weeks and that's the kind of potential that we

spoke about when we spoke about zap and link in my episode one and two and that's um

that's what i have been advising or that's what i've been saying is my personal investment i'm not a

investment advisor i'm not advising people to go and buy the crypto i just explained my rationale of why i

buy these cryptos and explain you know why it could go higher and that's a good example of

you know what happened to zap is a good example of what could happen to the other cryptos

so first thing is you know how do exchanges give interest right there are a lot of technical reasons like you know

proof of stake versus proof of work uh the modern day mining techniques eleforming

cryptoback loans which is like using crypto as a collateral to give you loans and crypto bitro has

all of these three products visible on their website which are actually good products for

uh giving interest they are an interest or they earn money out of it like how banks take our money and they

they uh you know do investments like you know home loans or mortgages personal loans

they get interest they get revenue and they share a bit of revenue but in uk and europe you know the

uh sharing of revenue for banks is very less like if you keep ten thousand pounds in uh in a year in

uk bank account you get probably like you know five or ten pounds in the whole year so the

interest rates are very low which is why um the bit true interest is more appealing because you know they are

able to give like seven or eight percent because they are able to earn more uh using the products that

are supporting crypto from an interest or revenue perspective and these are good products where it's clear that they

are able to earn revenue out of it and it's also a marketing strategy while these are all good you know there are

a few exchanges which probably give like you know as much as bit 2 gives but a lot of exchanges these days are

participating in shorting shorting is a technique where they use our crypto they give us an

interest but they're actually using the crypto to do shorting reduce the price of the crypto and

thereby they're earning money out of it i explained it in uh derivatives video in a water shorting and what are these

techniques which are causing crypto prices to crash or any price to crash for the matter and

you know you really don't want to give your crypto to an exchange which is actually going to reduce the base

price of the crypto then you lose out in the end and there are a lot of bogus exchange as

well you know you don't know where they're keeping your funds one they could be attacked and two could

they could be taking off funds and running away and we have no visibility of it and what

vitru has done is you know they have they have on their website uh they have something

called as you know how they're keeping our friends fun safe and uh

in that there is a link where they show us you know what is their cold wallet status they have

actually kept most of the funds in an xrp cold wallet which is multi-signature

enabled and technically what means is that um this is visible to everyone like you know

in layman's terms to give an example basically this is like a bank keeping all their money

instead of keeping it in a safe which is hidden away and you know if it gets attacked we don't know imagine

the bank is keeping the safe and it's a glass safe and that is visible to everyone is kept in a glass building and

the glass is fully bulletproof and everybody in the road can see it you know you don't need just the team

security team to monitor it anybody working on the road can actually see it even though you can see the money

it's still safe and what can be more secure than everybody is able to monitor and see it on a

real-time basis right that's what they've done and that's um i think that's one of the

one of the very few exchanges that have actually attempted to keep their money in a cold wallet visible to

the whole world and which is the the good thing about bitru i would say another thing

again this is not a paid video this is basically uh because i have moved most of my funds to bitter because i liked it

that's why i'm making this video this is not an endorsement or this is not a paid marketing video from bitro

and uh it's registered in singapore which is again in a very reputed country and a repeated

institution that they have tied up in singapore as well and you know from what i've seen um

obviously you know people make a mistake of not not validating their uh

their mobile numbers but once you you validate your mobile number and email up there is a mobile alert there is an

email alert there's probably multiple alerts for every login every transaction that you

make is probably the highest security that i've seen in all of the exchanges that i have actually seen so

far so they have uh uh varying interest for nearly about 25 different

cryptocurrencies and some of the cryptocurrencies the interest that they're giving are like you know very

high compared to the other exchanges i would say for example lincoln's app

i don't think there is any other exchange that even comes close to giving that much of an interest without

offering the products that they're offering uh from their uh from their portfolio so

there are still a few cryptos missing uh like you know for example that i have invested in that i would

like to see like storage lrc data and engine coin and probably uh you know

if there's a wish list i would probably add this to the wish list to say that and i would like to see them but

regardless because of that i've not moved those cryptos to withdraw but for everything else i

pretty much moved more than 90 percent of my cryptos to be true because of the high interest and i'll show you an

example of how much i am getting so uh this is just a top five that uh i've listed out just

to give you a demonstration example of you know what i'm getting and i'll show you

in screen as well you know um all of these cryptos how much i'm getting on a daily basis so

uh these are the cryptos varying interest rates obviously uh the interest rate that i'm getting is a

little bit high because there is an offer where you keep the cryptos in uh you keep a

certain value in between which enables you to earn higher interest rate i'll show you a demo of that

but um you know overall this is what i'm getting on a daily basis on a monthly basis for

uh my crypto so link obviously i'm getting a bit more because most of my investment isn't linked and uh

you know uh eventually i'm getting about two dollars 15 rupees uh on a on a 2.15 cents on a daily basis

it's roughly equating to about 66 dollars monthly and 800 yearly which is in in indian rupees it's

about 60 000 rupees yearly as an interest alone this is completely passive income this

is on top of um the this is on top of the price increase like for example i get the

crypto the value of the crypto in crypto itself and if the price increases like for

example zaps down at 90 percent then the value of the interest that i've got is also done 90

because i've got the interest in zap which means that the the price increase of 90 percent also

has increased the interest on top of it as well so it's basically a double interest i would say one is the

interest itself another is the price increase that inflates it even more which means

that potentially i'm getting more than 800 or more than 6000 rupees if the price

increases and i'll explain uh this in the demo as well um

what they are basically saying is that they offer a base interest rate and they offer you to take it up about

to a two percent higher like from five point two six percent to seven point two six percent

in tiered slabs where if you hold the um btr cryptocurrency which is their own cryptocurrency they are offering you the

ability to increase your interest rate to seven point two six percent from five point two six percent

i'm giving this as an example but uh you know in in many currencies like trx as an example but even in bitcoin for that

matter they are able to give you uh a higher interest rate if you

hold the cryptocurrency this is to promote their own ecosystem and their own cryptocurrency so

i hold a btr cryptocurrency where i was able to take it from five point two six percent

to seven point two six percent again you know this is just a rough calculation once you start um

investing in or in putting your funds into pedro you will know how much btr you need to hold to take it to the next

lab or to take it to the highest interest rate so another thing is uh if you are not uh

if you're worried about the stability of cryptocurrencies like i said it's highly volatile um i don't want to invest in

bitcoin i don't want to invest in link or zap which is going up and down but i still like the interest

future because you know i get like i said i get one percent in uk or in europe for that matter so i could

potentially put it in a stable coin like usdt for example which is always tethered to one dollar

which is practically investing it in a bank account which is dollar account right

um so i could put it in uh usdt cryptocurrency and that could give me 16 interest rate for a 30 day lockup period

just by holding additional withdraw currency on top of it which roughly equates to about 15.21

percent which means that if i put thirteen thousand two hundred dollars in my um investment in a year i get two

thousand dollars interest whereas um if i had kept it in a bank account i would have got you know hardly

about 50 interest in uh in uk or in europe where the interest rates are very low from

bank's perspective the key points to consider the main thing to consider is

a lot of people make the mistake of not validating their mobile number and verifying their identity because in

in petrol unlike the other exchanges like in wazirex for example or in crypto.com for example you need to

validate your mobile number and identity without validating identity they won't even allow you to proceed

bitro allows you to proceed allows you to deposit allows you to get interest but um they have the mobile

number and identity verification is optional and it's a little bit trickier in the

verification you know takes a double it takes a few clicks um because you know once you upload it says that the file is

not uploaded but if you click on continue a couple of times it actually continues

um so sometimes the image size is a bit higher and you need to reduce it but um if you validate your mobile number

and verify your identity then you get a lot more advantages with like increased withdrawal options

quicker withdrawal options whereas you know if you don't do it initially because it's optional

a lot of people miss it and when you when it comes to withdrawal you might find that

the withdrawals are a bit limited so it's always better to do the validation of mobile number and

identity verification up front like version x have done um you know i would have been happier if they had done

it as mandatory instead of keeping it optional but they are actually keeping it

optional where you can start transacting it and you can it can handle the verification process

on in parallel whereas version x takes couple of days before the verification happens and before you can

start trading again uh powerpicky is very very flexible in terms of the mainstaking future you know you can you

can withdraw it like in a couple of minutes you can deposit if you feel like you made a mistake and

you can drive the next minute there is no locking in period where you know you feel like okay i made a mistake

you know i can't take it out for a month now so or like six months in cro for that

matter so there is no locking in period you can deposit and you can actually withdraw it in like a couple of minutes

i'll show you the demo as well there are two types of allowances it's not um it's not like everybody can

deposit any time there is an allowance there is a quota system in place and i explain the quota

system um in my next slide but uh the quarter system is like you know the

community cap and uh the vip cab is basically making sure that there is not too much people depositing too much

money and it's like you know there is a limited quota available and it's making it is guaranteeing to

make sure that you're getting a best out of it because there's only limited people

who are able to make use of it some of the cryptos like bitcoin or zap the bitcoin for example is you're able

to deposit easier because the quota is there is a there is enough quota for everyone but some cryptos like zap are

in high demand where uh even after like three or four days of trying it was really difficult for me to

uh make use of the quota and i needed to get the vip cap done to go and deposit it or i need to wait for

that minute i'll show you a demo as when the the quota 11 opens or the deposit

elements open and how you can wait for the timer and you can deposit immediately

so in community caps it is released every 12 hours so you know like they release like hundred thousands

app for example and then as and when people start putting it in it gets reduced and this

every 12 hours new quota is released but it's a first come first serve quota and when everyone has deposited the full

quota it is gone and you can't deposit more money but you can withdraw it at any

time and some of the cryptos like you know zap or xrp for that matter they are very

very um popular and they are used up very quickly like you know within like 30

seconds it is completely used some cryptos like bitcoin and link they are open for a few minutes or even a few

hours what that meant a couple of hours uh bitcoin um the quota is still available or link quotas available

so i i'll show you a demo but you i would recommend that you wait for the countdown timer like 10 minutes before

five minutes before the countdown the 12 hour window is reached you go log in wait for it and then you deposit it

i'm going to actually show you a demo of how i do it and vip cap is basically uh if you hold

the picture own currency ptr then you get you get a special quota called vip quota which is released every

week and that allows you to like not compete with us like a you know separate queue for you um

like a priority queue for you and a priority limits for you where you get increased limits and it's easier to

deposit some of the high demand currencies like zap for that matter where it's

you're not able to get it in the community quota you can get it in the vip cap

so i'll explain that also with an example so we're going to uh even though we've

done the newest registration demo in episode four i'll do it again you can find the link in my uh

description uh for the bid through so this is again a referral link so if you click on it there will be a client now

option click on the client now and uh there will be an email verification code that you need to click

on send so here they validate your email first before you can sign up in like in other

registrations they validated later here they validated upfront and then you can choose your password and sign in

once you've signed in uh they will also send you an email saying welcome and there'll be a safety code in there

so if you go to my info you can actually find that email safety code and you need to make sure that any email

from there has the safety code which validates it even more or provides additional security

if you click on security you will find that most of the the authentications are not done and this is

a common mistake most people make so i highly recommend that you enable your google

multi-factor authentication i've explained go about google authenticators basically

like a vpn token where a six digit token is generated randomly so download the google authenticator app

on your mobile phone and then scan the qr code here and once you scan it

the google authenticator and your app is now binded or your login is now binded and every time you log in it will ask

you for the six digit google authenticator code from your mobile phone

once you do that then you authenticate your mobile number and mobile number is again very simple it

will just send you an sms and you can authenticate it and once you've authenticated it create

a six digit pin code because it requires a pin code every time you do a transaction so there is

multi levels of authentication that you can enable and you i highly recommend that you enable it and also do your id

verification again this is optional but if you get it done uh it just takes like a few minutes to

do the authentication or the id verification but it takes like maybe one day to get the id verification complete

till that point it will be in a verifying status now if i go to my assets

um you can actually buy using your credit card or debit card visa debit card or visa mastercard uh i

mean visa debit card or mastercard using your uh uh directly in bedroom but um there is a

3.5 or uh 10 usd higher fees that is available that is there on the

credit card charges and um i showed you how investor in coinbase we can probably do it

a little bit cheaper instead of using the 3.5 percent so i'm going to show you a demo of how you can buy it in version

x or any other indian wallet and you can transfer it to uh vitro and keep it in

picture so any crypto that you buy in wizard x you can transfer it to bitro and keep it

in petrol i'm going to show you an example of that so i search for trx in my asset list and

then i get a deposit option so when you go to the deposit click on the deposit you get a trx deposit address

now i go to 10x and i'm going to buy trx using my rupees in version x first

so if you already have trx if you already bought it in version x then you don't need to do this

process you can skip this process but i've already shown in my episode three a complete demo of a xerix so i go to the

exchange and i say lowest price for my trx and i'm going to buy 5000 rupees worth of

trx tron currency tron is one of the famous currencies i've explained it in one of my videos as well how justin sun

has created a currency called tron currency so trx is what we're going to use for this

demo for 0x2 bitro so i click on withdraw withdraw option and then i'm going to go

to bitro copy my destination address from bitro so i'm going to send from a0x

to bitro so i copy the destination address from bitru and come to versiox and put the

destination address put any remark but uh you know you can say just say bitro also

you don't need to say anything but i'm just going to say on bitro here and then proceed with my withdrawal

and i complete the authentication using my authy app or my google authenticator app and

there is also an approval email once i do it in like three or four minutes it comes into my bitro account and i can

now see the drawn currency that i have transferred has come

from my 0x to my bitro now i'm going to show you an example of how to transfer from coinbase and for the coinbase

transfer i'm going to use xrp so any currency you can transfer i prefer using currencies like selfie

because the transfer rate is or the transfer fees is very very low so first i'm going to um if i don't have uh

um xrp i can convert it from a different currency so here i'm going to actually convert it from atom i have like you

know a few atoms i mean few cosmos is the name of the cryptocurrency i'm going to convert it to my xrb

so i get about 125 xr it's roughly about 24 pounds worth of xrp so i click on convert and uh my

conversion is not done now i have xrp in my coinbase account so now i'm going to

convert or transfer xrp from my coinbase account to my bitro account

and for xrp i've already shown in multiple examples where there are two addresses one is a

destination address and there is a destination tag as well so i'm going to copy my destination

address first put it here and then go back to bitro copy my destination tag and come back to

coinbase and i'm going to use both the addresses if you miss out one of the addresses one of

the if you reserve the destination tag then it won't come through to your account so make sure that if you're

transferring xrp uh you need to put both the addresses the the address and the destination tag

notice how the phase is zero here the coin basically is zero the network fuse is also zero this is one of the reasons

why i normally use xrp as the currency i convert it into xrp and then transfer it

from one wallet to another wallet or exchange to another wallet this again is is very fast and comes now comes through

in like in a couple of minutes it comes to bit true now i have both tron and xrp in

my wallet accounts now i'm going to wait for the community cap

to deposit into the power piggy and i'm going to show you both xrp and trx so

now i've waited for the countdown timer and this is roughly about 13 minutes remaining that i'm

actually there in the app and i've logged in so i recommend at least 10 minutes 10 to 5 5 to 10 minutes before

you you log in make sure you keep it in your watch and you log in and you you

make sure there is a timer running on your screen so notice how there is a minimum requirement to join there's a

hundred trx and hundred xrp so make sure you want to understand the minimum economy so you don't want to

just bring in 50 trx 50 xrp and try to deposit it when uh it won't allow you because there is a

minimum requirement that is there so roughly around 2000 rupees i think is the minimum requirement for most of the

cryptocurrencies so um the deposit has been mean the deposit limits has been quota limits has been

released and i am going to invest xrp into it and uh when i go back to my power piggy you will notice that you

know i did it like like less than 10 seconds i did the xrp as soon as i got you can see how most of

the cryptos are going to be sold out already and i'm now i'm going to go to trx and i'm going to

deposit trx also integrated so first i did my xrp because

like i said xrp is is a currency that goes pretty quickly so make sure that you put your highest

investment first and then you can do the rest of the investments if you have it and you or you can do it later

next day also you can do it you don't need to do all at the same time now if i go to buying a power piggy um

the home page again you can see that you know literally in like less than a minute

i've just put it in like less than a minute i've deposited both xrp sold or vet sold out and the rest of the

currency some of the currencies like btc for example they still have um remaining amounts and trx today it is

actually remaining but you know a lot of times these are coins are very very

uh in demand and they are um sold out pretty quickly like in good zap for example um every time i

tried it was sold out in like less than a couple of seconds it was sold out and i was not able to deposit

into it now i'm going to show you my main account where

um this is a demo account where i don't have bdr for that matter in my main account i'm going to show you

an example where i am able to easily deposit without this community capital limit because i have a

vip cap limit so the vip cap limit and like i said is updated every week and because i am

holding bit true i get a special quota which means that even though the xrp is sold

out on the normal community cap i can actually deposit it i can put in

the uh the xrp using the vip cap at any point of time and i can also withdraw it like you know

i've deposited it like a minute back now if i want to withdraw it i can click on unfreeze and i can either

withdraw part of it or i can withdraw the whole amount as well so um you can withdraw even like you

know one or two xrp out of it if you want uh you can you can do it half full or whatever amount you

want to withdraw you can withdraw it so this is my main account

and i'm also showing you how the interest rate is higher in that so like like i said right you know link

for example i'm getting 7.3 percent so this is the example where i've got roughly

around 544 link in my account and i get 0.1 link which means that every 10 days i get one

link extra and in total i've got about three link in the last 30 days or you know 25 days

that i have and trx for example i've increased it from 5.48

to 7.26 percent which means i get roughly about two trx every day and total rewards that i got in the last

15 days is 30 trx so hopefully this video was useful to you um if you have any comments please

post it in the comment section and i'll try and answer it thank you bye

[Music] you