Bob Vekemans, the owner of Leerbeleggeninvastgoed.nl has a simple goal. Bob wants to earn € 10,000 net per month in passive income. He does this by buying and renting houses, income from dividends from his share portfolio and also through cryptominers. Bob is not yet earning that €10,000 net per month in passive income, but he is well on his way. This is the story of 34-year-old Bob Vekemans:
“In March I visited Miners Europe and had a conversation with Rob Nyari. I had already read up on the MatchX protocol, the revenue model and watched several YouTube videos about various cryptominers and MatchX. On March 4, I invested €13,750 in 5 MatchX cryptominers.
€ 1,500 per month passive mining…
Four and a half months later, I’m catching up with a good friend and telling him about the MatchX cryptominers. One MatchX cryptominer has an average yield of €10 per day regardless of the price. So with a stable MXC price you earn € 300 per month per miner. The MatchX cryptominers work properly and indeed generate very stable € 1,500 per month in passive income. After 4.5 months, the cryptominers represent a fictitious value of $6,800 in MXC tokens.
It’s nice to see your wealth grow, but I want to make the return tangible. In this article you can read how I can do my shopping through mining revenues.
A friend of mine came up with the solution. He told me that he could pay for his groceries with a debit card from Crypto.com, he could refuel with it, he could eat out with it, etc. At that moment he took out his wallet and handed me a rather heavy metal debit card.
Crypto.com debit card
Via crypto.com you can request a VISA debit card that is linked to the crypto you have on crypto.com. The crypto you put on this can (just like on Bitvavo and other platforms) stake your cryptos at an annual return between 2% and 14.5%
You can pay with this card wherever VISA payment cards are supported. With this I could convert my fictitious assets (the mined MXC tokens) into euros and pay for daily expenses. Awesome! The same day I started looking into crypto.com and applied for the pass.
There are 5 different types of membership cards. The more you invest in the Crypto.com token, the higher the staking you get paid out every week. A video that was enlightening for me is shown below.
I chose the Jade Green / Indigo Blue card. The card was free but I had to commit $3500 dollars to the platform in the form of CRO tokens for 90 days. This is the Cronos cryptocurrency from Crypto.com. Rank #26 in Coinmarketcap with an invested capital of $2.7 billion. Entrepreneurship and investing involve a bit of risk. I’m not running away from that. Experience makes you richer.
After creating an account on crypto.com and depositing $3,500, the application was completed. At least… In the context of suspicious transactions, Rabobank wanted to personally verify the transaction.
4 months later…
It took a while, but almost 4 months later I received a heavy indigo blue metal card in a cool package. The card is more solid and premium than the other plastic debit cards in my wallet.
Convert MXC tokens to Euros
The VISA card from crypto.com is a debit card. So you can’t be in the minus. I decided to transfer the mined MXC tokens from 1 out of 5 MatchX to my Crypto.com account. I converted this into the stablecoin USDC. In principle, I should be able to pay everywhere and hopefully at a favorable exchange rate.
For the MatchX M2PRO investors:
Selling MXC tokens ensures that your Miner Health is significantly reduced, so that you no longer mined € 10 per day. The Miner Health falls back to 50% and will move back towards 99% over a period of several months.
1 of my miners had mined 27,000 MXC tokens, which represented a value of approximately $2,000. First of all, I sent 2500 MXC ($187.50) to Crypto.com to verify that the payment went through. A few seconds later it was already completed and the 2500 MXC tokens were in my Crypto.com account.
I decided to transfer the remaining 24,450 MXC tokens to Crypto.com and they also came in seconds later. The transaction fee was approximately €15 per transaction. The total transaction fee was €30.
On Crypto.com I was able to easily convert my MXC tokens to USDC (the stable coin that you can think of as a digital dollar).
So I had $2,000 in my Crypto.com account in the form of USDC and I decided to put $100 on my VISA debit card. This was arranged with a few clicks and now there was € 100 on my VISA debit card.
Time for the ultimate test!
The ultimate test is spending at a supermarket, gas station, etc. I went straight to the supermarket and bought a few specialty beers to test it out. Then I drove to the gas station. I filled up my car, paid and voila.
This way you convert your mining revenue into specialty beer and a full car tank. My mined MXC tokens from my MatchX M2 pro miner were converted into physical goods like beer and diesel (what more could a man want ;))
The above test was very important to me. Earnings with a miner are nice, but only when you can spend these earnings in exchange for physical goods does value arise in my view.”
Also read my previous article I wrote about MatchX:
My first experience with crypto miners
About Bob Vekemans – In 2016 Bob started investing in real estate and in 2020 he realized financial freedom. Today, Bob teaches others to become financially free. Want to know more? Click here