My first cryptocurrency purchase - 0.249379 Litecoin (LTC) - with bank (SEPA) transfer (€25 Euro) (2025.01.14)

in LeoFinance2 days ago (edited)

Nowadays usually I buy €25 Euro Bitnovo coupons in the local HiperDino stores with cash, but today they were out of Bitnovo coupons, so I decided to topup my Bitnovo wallet by bank (SEPA) transfer.

I made a topup of €25 Euro to my Bitnovo wallet.

I transferred €26 Euro, because the fee was €1 Euro (the deposit would be free from €100 Euro).

I bought 0.249379 Litecoin (LTC) for €25 Euro.

This is the first time, when I bought cryptocurrency with bank (SEPA) transfer.

I sold 0.249 Litecoin (LTC) for 49.47 Hive.

I sold 49.93 Hive for $24.92 HBD.

I transferred $25.95 HBD to savings.

Currently I have $642.18 HBD in savings.

The last interest payment was five days ago.

I earned $1.21 HBD interest since then.

So I earned $0.242 HBD interest per day in the previous five days, which means that I will earn at least $7.26 HBD interest for the next month.

My current plan is to transfer at least $25 HBD per month to savings to regularly/consistently build my Hive Dollars (HBD) savings for long term.

I wish successful investing to everyone.

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Day by day savings a small amount will make one day a big one. I want to see you as a rich man one day. Best of luck.

Thank you.

The regular/consistent transfers to Hive Dollars (HBD) savings with the compound interest will certainly help to generate a good passive income in long term.

Once I had more than $1000 HBD in savings, and I earned more than $20 HBD in interest.

This was when the interest rate of the Hive Dollars (HBD) savings was 20% APR.

Nowadays it is 15% APR, which is still good.

Previously I did so. As the interest rate is now lower so I used another way using my credit card to buy dollar and sell it in the local market at higher rate. This makes me an earning of 20% almost. So don't do this process of interest these days.