Introduction
Maya Crypto is one of the many useful features of Maya Bank. Launched in April 2022, Maya Crypto lets you buy, hold, and sell different cryptocurrencies. Take note that Maya Crypto isn’t a separate app — it’s a component integrated into the Maya app.
it’s designed to be beginner-friendly, as seen in its streamlined user interface. It also allows you to trade crypto for as low as ₱1, making it a practical platform choice for blockchain newbies.
Maya is a legitimate fintech company, but for your peace of mind, the bank’s crypto services are operating by virtue of the Virtual Asset Service Provider (VASP) license from the Bangko Sentral ng Pilipinas (BSP).
Some of Maya Crypto’s supported coins are the following:
Bitcoin (BTC)
Ethereum (ETH)
Cardano (ADA)
Chainlink (LINK)
Solana (SOL)
Uniswap (UNI)
Quant (QNT)
Polkadot (DOT)
Polygon (MATIC)
Tether (USDT)
Algorand (ALGO)
Ape Coin (APE)
Avalanche (AVAX)
Dogecoin (DOGE)
Stellar (XLM)
Is my money safe with Maya Funds?
Yes. Maya Funds is licensed and regulated by the Bangko Sentral ng Pilipinas.
In addition, using Maya Funds means you are protected by the rules indicated in the fund product’s Declaration of Trust (DOT). The DOT is the BSP-approved operational manual that you must agree to before investing in the fund. You can get a copy of the DOT anytime from the product’s page in Maya Funds.
MAYA
How much is Maya crypto?
MAYP Price Statistics
Maya Preferred Price $548,822.78
Price Change24h -$11,845.18 2.11%
24h Low / 24h High $547,541.09 / $563,841.43
Trading Volume24h $1,062,785 40.36%
Volume / Market Cap Infinity
https://coinmarketcap.com
How to sign up in Maya
Step 1: Create a Maya account. Skip this step if you already have one. Here are the steps for account creation:
Download the Maya app from the App Store, Google Play, or Huawei AppGallery.
On Maya’s homepage, tap Start an Account.
Supply the required personal information.
Read the Data Privacy Policy page. Once done, tap Agree.
The system will then send you a verification code via SMS.
Enter the code into your app. Then tap Proceed. If you want to earn rewards, input an invite code.
https://www.moneymax.ph/investments/articles/maya-crypto
How do you earn in Maya?
Buy any item from Shop (only select load and data products are eligible)
Pay bills through Bills Pay feature.
Send Money (through Send Money feature to another Maya user only)
Buy Crypto.
Deposit to Maya Savings from your wallet.
Pay via Maya QR (except Negosyo QR merchants)
Pay via registered Maya number.
Pros of using Maya Crypto
Maya’s spanking new crypto feature comes with some advantages, especially for crypto newbies. Here are some of them:
Doesn’t Require a Large Investment Capital
As mentioned, you can invest in crypto for as little as ₱1. You don’t need to save up for capital. You can readily invest your bills payments’ loose change or whatever is left of your monthly budget.
1.Multifunctional and Easy to Use.
You don’t need to install different apps for your different transactions. Thanks to the multifunctional Maya app, you can handle your crypto transactions, such as buying, selling, cashing in, and cashing out, in one place.
Unlike other crypto platforms that overwhelm you with charts and codes, Maya has made cryptocurrency easy to digest and understand.
2.Earnings Can be Spent Right Away
Sold your crypto? You can easily spend the profit without leaving the Maya app. Since the crypto component is integrated into the app, you can pay bills, buy mobile load, and more right away.
3.Free Cash-in
Say goodbye to cash-in fees! With Maya Crypto, you can load your wallet through over 90,000 channels. These include banks, groceries, drug stores, Smart Padala branches, department stores, remittance centers, and more.
Cons of Using Maya Crypto.
Sure, Maya Crypto has a lot of benefits. However, it also has its fair share of drawbacks, such as the following:
5.Relatively New
Maya Crypto is a relatively new feature, and some bugs may appear from time to time. Nevertheless, you may be able to address such issues by updating the app.
6.Fully Integrated with Your Personal Finances
It’s not exactly a bad thing, but it’ll still depend on your spending behavior. Since Maya Crypto is completely integrated into your Maya app, the boundaries between your everyday finance and crypto investment may get blurred.
Because you can readily spend your crypto earnings, you may find yourself using them for unplanned purchases. However, you can prevent this from happening with discipline.
7.May Not be Suitable for Advanced Crypto Investors
If you’re an intermediate to advanced crypto investor, you may find Maya Crypto basic. You may not find the features and tools you need for more fast-paced trades. For instance, you can’t transfer crypto to or from the Maya app.
https://www.moneymax.ph/investments/articles/maya-crypto
Risk in investing in Maya
Volatility: Cryptocurrencies are known for their price volatility. The value of a cryptocurrency can experience significant fluctuations within short periods. Rapid price movements can lead to substantial gains, but they can also result in substantial losses. It’s important to be prepared for the potential volatility and understand that the value of your investment can change rapidly.
Market Risk: The overall cryptocurrency market is susceptible to market risks. Factors such as market sentiment, regulatory developments, economic conditions, and technological advancements can impact the performance of cryptocurrencies. Market risks can affect the entire cryptocurrency market or specific cryptocurrencies, potentially leading to losses.
Security Risks: Cryptocurrency investments are vulnerable to security risks, including hacking, phishing attacks, and scams. Cybercriminals target exchanges, wallets, and individuals to steal cryptocurrencies. It’s crucial to use secure wallets, enable two-factor authentication, and be cautious of phishing attempts. Additionally, choosing reputable exchanges and platforms with robust security measures can help mitigate security risks.
Regulatory Risk: The regulatory environment surrounding cryptocurrencies is still evolving in many jurisdictions. Governments and regulatory bodies may introduce new laws and regulations that can impact the use, trading, and taxation of cryptocurrencies. Changes in regulations can have a significant effect on the value and usability of cryptocurrencies.
Liquidity Risk: Some cryptocurrencies may lack sufficient liquidity, especially for smaller or less popular tokens. Limited liquidity can make it challenging to buy or sell cryptocurrencies at desired prices, particularly in large quantities. Illiquid markets can also be more susceptible to manipulation, leading to increased risks for investors.
Technology Risk: Cryptocurrencies are built on underlying technologies such as blockchain. While blockchain technology is considered secure, there can still be vulnerabilities and risks associated with specific cryptocurrencies or blockchain networks. Issues such as coding errors, network attacks, or forks can impact the functionality, security, and value of cryptocurrencies.
Adoption Risk: The adoption and acceptance of cryptocurrencies by individuals, businesses, and governments can influence their value. The success and widespread adoption of cryptocurrencies depend on factors like user acceptance, regulatory support, integration into existing financial systems, and overcoming scalability challenges. Failure to gain broad adoption may limit the potential value and utility of cryptocurrencies.
Operational Risk: Some cryptocurrency exchanges or platforms may face operational risks, including technical glitches, system failures, or breaches in security protocols. These operational issues can disrupt trading, compromise user funds, or lead to loss of access to assets. Read more here
Other reliable Cryptocurrency investment platforms
1.RoboFi: RoboFi www.robofi.io is a DeFi platform that envisions a marketplace for revolutionary Dao crypto trading bots. With the effective use of blockchain technology, RoboFi seeks to bring consensus between bot creators and users in an ecosystem that encourages mutual financial growth and innovation.
With the support of the DAO principal, RoboFi’s platform offers bot staking, a marketplace for bots, bot governance, and an initial bot offering that ensures mutual advantages.
Features.
The program creates a marketplace for bot creators and users.
The platform’s different services can only be accessed with the proprietary token.
With the Treasury tool, users may exchange their cryptos for tokens, and the tokens can then be used to buy goods and services.
Investors can participate in the Liquidity Pool and earn VICS by placing bets.
DAO bots can be purchased and listed for sale in the Bot store by creators.
There is a bot token exchange where users can purchase and sell tokens.
The Earn feature allows users to deposit and earn interest on their crypto assets.
http://www.robofi.io
2.Sanitatis: Sanitatis is the perfect platform for savvy cryptocurrency investors who want to take advantage of market volatility and earn rewards. Our platform utilizes safe trading strategies, such as arbitrage, to maximize returns for our users. By staking your assets on our platform, it will activate our cutting-edge trading algorithms that constantly monitor the market and execute trades at the precise moment to capture the best prices from different exchanges.
Features.
Easy access
No prior trading experience nor coding skills are needed. Everyone can unlock the potential of trading rewards with simple clicks.
Low risk
Maximize your earning potential with confidence when you stake with Sanitatis — the premier staking platform that prioritizes safety and low-risk trading strategies. Through our focus on strategies like arbitrage, Sanitatis offers one of the safest ways to earn rewards in the crypto industry.
Proven strategies
Sanitatis Trading Strategies are built by veteran traders who have experience in trading both traditional and non-traditional assets. All trading strategies are implemented after strict backtesting.
Simplicity
Once you have the metamask, you are ready to go. With a few clicks, you are ready to earn potential trading rewards.
https://sanitatis.snapresearch.xyz/
Conclusion
It’s essential to understand and carefully consider these risks before investing in cryptocurrencies. Diversifying your investment portfolio, conducting thorough research, staying informed about market trends, and seeking professional advice can help you manage and mitigate these risks to some extent.
About RoboFi
RoboFi https://robofi.io is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.
About VICS
VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.
