What Can I Do With $20 on Valora?

TL;DR 

$20 is more than enough to start exploring crypto today with Valora. Here’s just a glimpse of what you can do with Valora. 

• Buy your morning coffee with crypto - Use your crypto to get a Starbucks coffee 

• Get $JMPT Tokens - Make purchases through JumpTask to earn $JMPT tokens

• Use 10X leverage - Make up to 50X leveraged trades on your crypto with ImmortalX 

What Can I Do With $20 on Valora?

You don’t need to spend a lot of money to begin experimenting with crypto. 

With just $20 and the Valora app, you have everything you need to get started. Whether it’s purchasing your favorite coffee using crypto, or using the power of DeFi to make a leveraged trade, it’s all possible with your Valora wallet.

If you’re curious and want to get started with a small amount of money, here’s a list of examples of what you can do with just $20. 

1. Use your crypto to buy coffee

Imagine if you just added $20 to your Valora wallet and started your day with a craving for a Starbucks coffee. 

With Valora’s Bidali dapp, simply swap your cUSD or cEUR for a digital Starbucks $3 gift card. Then use that gift card at any retail location to get your drink. Or if you prefer starting your day from a different place, you can browse thousands of popular restaurants in Bidali and sort by category and region to find other options available near you. 

OK, your $3 Starbucks coffee was delicious. $17 is left over. What’s next?  

2. Earn crypto on purchases with JumpTask 

After an excellent start to your day with your crypto bought coffee and the setup of your Supercharge rewards, you can begin exploring more exciting areas of Valora with your remaining $17! 

For those who like to collect rewards for making purchases, JumpTask is a platform where you can make purchases or even just do free tasks to earn $JMPT tokens. For example, if you’ve been thinking about getting a personal VPN or other subscription, JumpTask offers rewards for purchases like a McAfee VPN subscription, which costs just $3.99. 

By purchasing this subscription through JumpTask you can earn 5 $JMPT - tokens (equivalent of ~$10 USD as of 8/23). You can then choose to trade your $JMPT tokens for stablecoins or stake them for even more reward opportunities available through JumpTask. The choice is yours. 

3. Get 10X trading leverage using ImmortalX

So far we’ve spent $7 and now have $13 left for one more thing to do in Valora. If you’re interested in trying out the power of DeFi, ImmortalX is a great platform to try out that enables you to utilize the power of Celo’s first perpetual decentralized exchange for leveraged trading.

Leveraged trading allows you to borrow funds in order to increase the amount you can trade. ImmortalX provides multiple levels of leverage across a variety of cryptocurrencies. This means with your remaining $13 you can use 10X leverage to trade $130 of crypto. 

However, leverage trading is risky and you should always remember to use caution when trading, do your own research and make sure you understand the risks of leverage trading before you begin. But if you happen to be lucky and your trade goes well then you can begin to see the power of using ImmortalX on Valora.

Bottom Line

Wow, with just $20 we’ve accomplished quite a few fun things that show off the power of Valora! 

With only the Valora app and $20 in your wallet, we were able to: 

• Get a morning coffee from Starbucks through Bidali

• Earn $JMPT for making a purchase on JumpTask

• Use $13 to make a 10X leveraged trade on ImmortalX 

If you’re ready to start on your own crypto journey to discover exciting activities with Valora, take a look at our Get started with Valora guide to begin and download Valora here! 

Nothing contained in this article is intended to constitute investment, tax or accounting advice and you should not rely on the information provided herein for making financial decisions.