Passive Income Via Biswap Pools
1) Download MetaMask
You need a wallet to see your funds so start by grabbing one. I use MetaMask which installs an app into Chrome. There are other wallets you can use as well if you don't want to use MetaMask, they all work roughly the same.
2) Setup MetaMask
You now need to add the Binance Smart Chain (BSC) Network to your MetaMask. Go into Settings, Networks and Add Network. Fill in the fields with the following:
Network Name: Binance Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
3) Buy BNB From Binance
Head to Binance.com and create an account. Then go to purchase crypto via your choice of purchase options. You want to select BNB as the token you are buying, the reason for this is BNB is used for fees on the BSM Network so you need to have BNB, making this process a lot simpler.
You do not need to buy $100+ at a time. In fact you can start as low as $15 USD, but I wouldn't go under $20-30 at a time due to fees taking a bigger chunk out of it.
4) Transfer BNB to Wallet
In Binance go Wallet, Fiat & Spot, find your BNB and use Withdraw. You'll end up on the withdraw screen. Make sure your MetaMask is set to the Binance Smart Chain Network at the top of the app. You can click your address under your account name to copy it, and past it into the address form. Make sure the network selection is set to Binance Smart Chain (BEP20), you WILL lose your money if you send it to the wrong network.
Double check your settings and send your BNB to your MetaMask wallet. It may take a couple minutes to transfer.
5) Exchange Your BNB for BSW on Biswap
Head to Biswap.org and connect your wallet to the site. Go to the exchange page and select swapping BNB to BSW, but do not trade all your BNB. BNB is used for fees and you can't trade if you don't have any, hold onto at least 0.01 BNB for fees.
As of writing this Biswap is currently one of the best options for starting out in crypto but there are many options. Additionally Biswap has a referral system that allows for sharing of referral profit. I have my referrals set to share 50/50 with anyone using my link so what we both profit.
My Referral Link: https://biswap.org/?ref=71719d2250ad107d3a75
6) Stake Your BSW In The Auto-Compound Pool
Go to the Launchpool page and find the Auto Compound pool. Accept the contract and put your BSW in it. Auto compound means that as it makes profit it will automatically place that profit back into the pool, so your profit also starts to make profit. There will be a fee if you withdraw within the first three days after deposit, but then you can withdraw any time. As the price of BSW goes up and down you'll see the value adjust, but it will constantly make more and more BSW.
You can potentially get this up to the point where it makes $1000 a month passively and cover your rent or grocery bills with it if you stick with it long enough.
This is not financial advice, this is a walkthrough of what I believe works and how I do things. You are responsible for your own money. Remember the market can change at any time.
Do your own research and only invest to a level you are comfortable, if you are unsure consult a financial advisor.