Crypto Strategy #7 - The SAFEST Crypto - A savings account with 20% passive income? Anchor Protocol

In this video, I talk about my #7 crypto strategy, the Anchor Protocol savings account.

Anchor uses a stable coin (TerraUSD), so it is a lot safer than most crypto investment, and still provides a 20% return.

Here's how to get started:
1) Go to Binance.us and purchase USDT (Tether) - As much as you are wanting to put in your savings account

2) Wait for the funds to hit your wallet, then send them to Kucoin

3) Once the funds are in your Kucoin account, Sell your USDT to get UST (TerraUSD) - https://trade.kucoin.com/USDT-UST

4) Now, create a Terra station wallet for your browser (https://docs.terra.money/quickstart.html)

5) Copy your address for your terra station wallet, and withdraw your UST (TerraUSD) to your Terra station address (your address should start with "terra")

6) Once the funds hit your Terra Station Wallet, go to anchor protocol on the "Earn" page - https://app.anchorprotocol.com/earn

7) Connect your Terra station wallet to anchor protocol, then click "Deposit."

8) Deposit all your UST into anchor protocol, but make sure to leave about 5 UST in your wallet to pay for fees in case you want to withdraw at some point

There you go! You will now start earning around 20% annually on your stable coin

-Sign up for Binance - https://accounts.binance.us/en/register?ref=57719357
-Sign up for Kucoin - https://www.kucoin.com/ucenter/signup?rcode=r3AHQJ5
-Setting up Terra Station Wallet - https://docs.terra.money/quickstart.html
-Anchor Protocol: https://app.anchorprotocol.com/

NOTE: I will be re-recording my Hyperfund (Crypto strategy #2) video soon!

As always, this is not financial advice, just showing you what I am doing in the crypto world.