Features
Do you want a challenge? Try opening a restaurant in Mexico – four different times in six years

By BERNIE BELLAN In December 2021 Myron Love wrote a story for The Jewish Post & News about former Winnipegger Megan Kravetsky.
How I happened to give Myron that particular assignment was an interesting story in itself. I had begun delivering Meals on Wheels for the Gwen Secter Centre in the summer of 2021 – which, if you can recall, was a period when we were still enduing periodic shutdowns due to Covid. As a result, the Gwen Secter Centre stepped up the number of meals that it began producing – not only for Jewish clients, but for hundreds of non-Jewish clients as well.
I wrote several times about the incredible effort that the staff at Gwen Secter put into producing what ultimately became over 600 meals a week, but that’s not the point of this story. This story is about food though, so there’s a connection.
In any event, beginning in the fall of 2021 I began delivering kosher meals for Gwen Secter on a weekly basis to a number of clients, some of whom some have remained on my list ever since.
One of those clients was a woman by the name of Joanne Field. Like most of my Meals on Wheels clients I developed a nice rapport with Joanne. One day she asked me if I’d be interested in doing a story about her granddaughter, whose name she told me, was Megan Kravetsky. According to Joanne, Megan had been operating a popular restaurant in Puerto Vallarta by the name of Blake’s Bar & Grill, and Joanne thought that readers of the paper who might be heading to Puerto Vallarta that winter would be interested in dropping into Blake’s.
As it turned out, I asked Myron Love to do that story instead of doing it myself because we were coming up to our Chanukah issue at the time and I didn’t have time to talk to Megan and write a story – but I did think that the Chanukah issue presented the perfect opportunity to let readers know about Megan and her restaurant.
That was in December 2021 and, even though my wife and I have been to the Puerto Vallarta area several times – and really love it there, what with Covid putting a crimp in travel plans for several years, it wasn’t until this year that I had the opportunity to head back to Puerto Vallarta. While I was there, I thought, I’d like to touch base with Megan and visit Blake’s myself.
Which is how I came to do a completely different type of story than I expected to write.
You see, Megan Kravetsky’s experiences in Mexico can fill a book – and a good part of that would be a horror story. Try this one on for size: Not only was her business badly affected by Covid in 2020 – just after she had moved into what was then the second location for Blake’s – after having moved from the first location because it was just too small – this past October, after having moved yet again into a different location for Blake’s in what Megan thought was going to be a great location – Hurricane Lidia swept through Puerto Vallarta and Blake’s was forced to close down.
Still, Megan persevered. She had opened another small pop-up restaurant last May called Drop Shot Chill n Grill in an area well known to many Winnipeggers who spend time in Puerto Vallarta, near what is known as the hotel zone. But, in another series of unfortunate circumstances, this time having to do with a very nasty landlady (who repeatedly cut off the electricity to Drop Shot), Megan was forced yet again to close down.
Read on and you’ll find out about the long string of unfortunate events that seem to have accompanied Megan ever since she decided to move to Mexico in 2018, but once you finish reading the story you’re bound to have an immense amount of admiration at how resilient Megan has proven to be.
Here’s some of what Myron wrote in his December 2021 story: “Three years ago, the veteran chef and restaurant consultant came across a deal she couldn’t refuse when she took advantage of an opportunity to buy Blake’s Restaurant and Bar, an established operation in Puerto Vallarta. Megan is now happily living year round in Mexico.
“Now, in truth, the former River Heights kid (Brock Corydon and Grant Park) was no stranger to the Mexican resort community. She notes that her parents, Charles (whose mother is Joanne Field) and Vivian Kravetsky, are long time seasonal residents of the city – spending six months a year there and six months in Winnipeg – and she had visited many times over the years.
“ ‘It was perfect timing,’ she says of her move to Puerto Vallarta.
“ ‘The first year was tough,’ she adds. ‘My Spanish was limited – which made it sometimes difficult to communicate with my staff. Now I am fluent.’
“Kravetsky notes that her original career goal was to become a lawyer (like her father). ‘After five years of university (the University of Manitoba), I realized that that was not what I wanted to do, she recalls.
“Instead, she earned a business degree in management and marketing and went to work in the restaurant industry. She had worked in the restaurant trade part time throughout university. Over the next 15 years, Kravetsky worked successively for the McDonalds chain, Moxie’s, the Olive Garden and Montana Steak House.”
Before I met with Megan on March 16 – at the location of the most recent incarnation of Blake’s Bar & Grill in the port area of Puerto Vallarta known as Puerto Magico, which is where passengers from cruise ships disembark, I had a chance to see for myself the damage that Hurricane Lidia had done to her restaurant. The interior was all covered with tarp, but I was able to see through a hole in the tarp. I was quite surprised to see that the restaurant itself was largely intact – tables and chairs all in place, dishes, utensils and cooking equipment all in place, but the windows to the outside were all blown out. That piqued my curiosity and became the subject of part of our conversation.
Still, as my wife Meachelle and I sat down with Megan to enjoy a beverage in a nearby coffee shop and listen to her story, I couldn’t help but be impressed by Megan’s very positive attitude. As it turns out, Megan had been in my son Jordy’s class at Brock Corydon School (of which I was not aware. Also, somewhat coincidentally, Jordy, who now goes by the name Jitendradas Loveslife, also lives in Mexico, in a town populated by New Age former hippies known as Ajijic.)
I asked Megan how she came to own a restaurant in Puerto Vallarta?
Megan explained that she had gone about as far as she could as a restaurant manger in Winnipeg. As Myron noted, Megan had worked for McDonald’s, Montana’s (helping to open their Kenaston location where she worked as a line cook), Moxie’s Bar & Grill, Olive Garden, also Famous Dave’s – all before she had even turned 30.

Megan had been traveling to Mexico with her parents and siblings for years, she told me, and fell in love with the country. So, in 2018, she took all the savings she had accumulated and bought Blake’s Bar & Grill in downtown Puerto Vallarta, which had first opened in 2006. Before she was able move to Mexico though, Megan had to acquire a residency permit – which was no easy task, she explained.
You see, in order to purchase a business in Mexico, one needs something called an “RFC” (which translates from the Spanish to Federal Taxpayers Number).
As Megan told us, “without that (the RFC) you can’t purchase cars, housing, anything. I got my residency before I moved down. You have to do your residency out of country.”
I asked her how she could become a Mexican resident while still in Canada?
She said, “You apply, you have to make a certain amount of money. So I applied three times – within a six month period. I went to Toronto twice. Applied. Denied. Both times. Went to Calgary” – and finally got her residency permit.
But, there’s something else Megan explained that made the challenge of buying Blake’s even more difficult: She wasn’t able to finance the purchase – she had to pay cash entirely – something, we were also told, is par for the course for just about any major purchase in Mexico, including houses.
But, just because Megan was able to buy Blake’s, she wasn’t able to work in her own restaurant, she told me, until she had a work permit. As she explained, “…so you get one year temporary residency, then you apply for a three year extension after that, and then after that, then you apply for your permanent residency. But temporary residency doesn’t include a work permit. That’s the biggest thing, so I had to apply for my work permit to be attached to my temporary residency.”
Megan, however, had forgotten to apply for a work permit – which she would have needed to work in her own restaurant. “But,” she explained, “then when my daughter was born (in 2019) – because she’s Mexican, I automatically became a permanent resident. So I didn’t have to wait for four years – I only waited two (to become a permanent resident)” – thus allowing her to work in her own restaurant.
Now, while Megan’s initial foray into the restaurant business was quite successful, the first Blake’s Bar was too small to accommodate the high number of customers it was attracting. As Megan put it, “the place was too small. It was a very small… very small restaurant.”
And then, in 2020, Covid hit. While Mexico had no sort of rules requiring masking in public places, it did institute rules governing social distancing – with a six feet distance required between tables. “We could only have two or three tables in at one time during high season,” Megan said.

So, in 2021, Megan moved to another location in Puerto Vallarta, in an area known as Plaza Santa Maria. Things were going really well in that new location. It had become a very popular spot for Canadians, especially Winnipeggers, as Megan made sure all Winnipeg Jets games were shown there. (Megan was in that location when Myron contacted her and she was brimming with confidence when she spoke to him about how well things were going.)
There was one major problem, however, as Megan explained: “The landowner there didn’t pay her taxes. So when you went to go take out your licensing, you have to show proof the taxes are. And if they’re not paid, then you can’t take out your licensing. And she owed back taxes of almost five years, which was over 300,000” (pesos – or about $22,000 Canadian dollars).
“And she didn’t want to pay it. So I had no choice,” Megan noted. As a result, after only one year in what had been a very successful location – even if only for a short while, Megan moved yet again, in 2022 – this time to the Puerto Magico location.

The owners of the building where Megan opened what by then had become the third location for Blake’s in only four years had induced her to move there with all sorts of promises, she said: “They had promised us numerous things that they never completed. The passport office was supposed to open upstairs two years ago. Still not open. Another restaurant was supposed to be up there. We were just alone up there. There’s nothing. They made it impossible for guests to get up the stairs. They wouldn’t fix the elevator. It still doesn’t work to this day. It’s been three years…and the whole thing with that is they don’t want to pay the electricity to have the elevator working.
“So they just made it impossible for the cruise ship people to get upstairs or any people in general to get upstairs.” On top of all that, the owners of Puerto Magico didn’t allow Megan to have any signage on the street which would have told tourists that Blake’s Bar was there.
Still, Megan might have been able to turn things around were it not for that hurricane last October. She had developed a great reputation as a restaurateur. (Just take a look at the glowing reviews on Tripadvisor for Blake’s Bar). In addition, Megan is a fantastic baker and she had opened a bakery known called Sweet Temptations Bakery Boutique next door to Blake’s in Puerto Magico. That closed too the same time as Blake’s when the hurricane hit.
You’d think, however, that notwithstanding the damage that a hurricane might have caused, it would just be a matter of time before things could have been repaired and Blake’s would have been back in business – but that wasn’t the case.
While the interior of the restaurant was left largely intact, the windows had all been blown out. So, it’s just a matter of replacing the windows – right? Or, so you’d think. But this is Mexico – and similar to the landlady who didn’t want to pay her taxes in Blake’s previous location, the owners of Puerto Magico haven’t moved to replace the windows that were blown out.
Here’s how Megan described what happened: “So, the whole thing here, after the hurricane hit, when you construct a building here, the windows and doors are property of the plaza. Doesn’t matter if you put them in, they put them in, it’s property of the plaza. You can’t leave with them. Yeah. Same with the floor. So when the hurricane came through and destroyed everything, the first thing they said to me is our insurance will cover it, our insurance is going to cover it, it’s our property.
“So we waited and waited and waited and waited and about two and a half to three months in, they said, nah, our insurance actually isn’t going to cover it. At that point, my own insurance wouldn’t cover it anymore. It has to be done within 24 hours. That’s just how it is.” (Note to readers: Anyone from Winnipeg could identify with Megan. A building burns down and a pile of rubble remains for years. A bridge closes because it’s unsafe and it sits there – unusable, but with no plan to replace it.)
Not one to let anything get her down though, Megan still had her pop-up restaurant, Drop Shot Chill n Grill. As I mentioned at the beginning of this story though, just recently that site too had to close down.
This time it was the landlady who owned the area where Drop Shot was located that forced Megan to close. While Megan leased the space for her location from an individual who didn’t actually own the land where Drop Shot was situated, he had tennis and pickleball courts there. Apparently though, the woman who actually owned the land didn’t like the loud music coming from Drop Shot – even though it wasn’t in a residential area at all.
Again, here’s how Megan described the situation: “In our contract it stated that I was allowed to have live music, barbecue, blah, blah, blah. The landowner who owns the land, who I don’t lease from, owns the hotel behind the parking where the tennis courts are. And she doesn’t like noise. She doesn’t like any noise. Yet, they have music and tennis tournaments and fairs and they have the food park and all that.
“So, during our live music, she would complain constantly, even though our music was only from 3 to 6 – that her guests, one guest in particular, couldn’t sleep – it was too loud. We always abided by the decibel restriction limit; it was never over the decibel limit.”
The story continued: “So she cut our electricity off once when we had the live music – but the second time she did it, I had a generator. She didn’t know that I had a generator going. So she had cut the electricity, but the music was still playing. So at that point she would call the ‘reglamentals’ – the bylaw officers, who would come check and she’d say, ‘There’s really loud music going on at Drop Shot.’ They would come, they would check, they’d check my permits, everything would be okay, they’d leave. That’s when I called the police on her. They’re my friends. They had a very long conversation with her… told her that it’s illegal to cut the electricity, she can’t do it.”
But, as you might expect, the landlady wasn’t about to back down. “It got to the point where she threatened the guy who I was subleasing from that if he didn’t get rid of me, she was going to get rid of everybody.
“She wouldn’t re sign the contract with him. So he’s had his tennis courts and pickleball courts there for over five years. And she said, ‘if I don’t leave, then everybody’s leaving.’ “
So, once again, Megan has had to abandon what had turned into a successful venture – but after dealing with Covid, a landlady who didn’t want to pay taxes, a hurricane, and a landlady who doesn’t like loud music, you’d have to wonder whether Megan is still willing to enter into yet another food venture?
Not surprisingly, she said she is. I asked her “How real is that? How feasible or viable?”
“Oh, it’s very viable,” she answered. “We’re just waiting on the contract to be signed.” Megan added that she has someone who she wouldn’t describe as a partner in her putative venture, but somebody “that’s going to help me.”
Throughout our conversation I had refrained from bringing up the subject that surely must be in the back of many a reader’s mind when it comes to thinking about doing business in Mexico: What about the cartels? Has Megan had any run-ins with the local cartel I wondered? (And when it comes to cartels, Puerto Vallarta is located in the state of Jalisco. Anyone who knows anything about Mexican cartels would know that the Jalisco cartel has a reputation for extreme violence.)
Megan answered though that “They’re not really that visible here… They keep it very under the table here.”
I said though that “the Jalisco cartel is notorious.”
But, Megan responded, “that’s more towards Sinaloa and Chihuahua.”
Still, given Mexico’s longstanding reputation for corruption at almost every level, I asked Megan, “Did you have to pay off people?”
She answered: No, never, never, never had to pay anybody off. You give back and then, you know, everybody takes care of each other.” She went on to describe the excellent rapport she has had with the local police, for whom she has catered a huge feast known as a “masada” every year, at which over 400 police have attended.
It’s hard to imagine someone coming down to Mexico and, within the space of only six years, opening restaurants (and closing them) in four different locations, yet still remaining optimistic that she’ll be able to open a fifth in short order.
If and when Megan does open another restaurant – I’d sure like to try the food. If the reviews she received on Tripadvisor for each of her locations are any indication, one thing Megan Kravetsky knows is how to prepare great food – and leave her customers with a thoroughly enjoyable experience.
Features
Haifa University launches $60 Million ‘Home Again’ Campaign to help rebuild war- devastated northern Israel

By MYRON LOVE In early July, Haifa University announced a new campaign to help rebuild the war-devastated communities of northern Israel. The “Home Again” campaign aims to raise $60 Million for regional recovery – and the Canadian Friends of Haifa University is set to do its part.
“We at CFHU hope to raise $1-million or more from our donors across Canada toward the campaign,” reports Ariel Karabelnicoff, executive director of Canadian Friends of Haifa University.
In an earlier interview that was published in this newspaper last year, the former Winnipegger – now in his third year with CFHU – noted that the University of Haifa is among the largest universities in Israel, but is also the youngest. Fully accredited in 1972, he said, the university has an enrollment of 18,000 students – with a student body that reflects the diversity of Israel’s population. About 40% of the students come from the Druze, Circassian and Arab communities and – among the Jewish students – there are many whose families are from Ethiopia.
The University of Haifa, Karabelnicoff added, also boasts the highest percentage among Israeli universities of students who are the first generation in their families to attend university.
The new initiative, he reports, aims to “restore and revitalize the north through science, innovation, and data-driven research rooted in community priorities and focused on real-world outcomes. “
While the campaign, Karabelnicoff points out, was originally conceived to address the cascading crises that first began on October 7, 2023, the urgency has become even greater due to direct missile strikes on Haifa and surrounding areas during the short war with Iran in April.
“The devastation brought mass displacement, overwhelmed public services, and deepened strain on communities already struggling to recover from months of conflict,” Karabelnicoff notes. “The campaign now represents not just regional recovery, but a cornerstone of Israel’s national resilience strategy for the post-conflict era. “
Karabelnicoff quotes University of Haifa President Professor Gur Alroey as stating that “in this moment of national crisis, when Israel’s northern communities have been tested like never before, University of Haifa is stepping forward to turn trauma into transformation. What was already a crucial mission of recovery after October 7 has become an existential imperative following the devastation of recent weeks. We are not just restoring what was lost, we are building the foundation for Israel’s long-term future—something stronger, more resilient, and more just.”
In the aftermath of October 7, Alroey reports, Hezbollah rockets devastated northern towns, triggering the largest internal displacement in Israel in decades. More than 68,000 people—families, farmers, and seniors—became refugees in their own country. Today, less than half have returned home. As Iranian long-range missiles threatened the north, communities faced not just a security crisis but a comprehensive breakdown in public health, education, employment, and social cohesion. In rural and peripheral areas, rehabilitation beds are scarce, mental health services are overwhelmed, and economic life has ground to a halt.
Karabelnicoff notes that the Home Again campaign is offering a coordinated, data-informed strategy, anchored in real-time research, local partnerships, and measurable programs across three core pillars.
The first is a multi-front recovery strategy – led by emotional and physical rehabilitation specialists affiliated with the university – for one of the region’s greatest invisible burdens – trauma.
“PTSD has surged by 33% among residents,” Karabelnicoff reports, “with children and parents bearing some of the deepest scars.”
Simultaneously, he continues, northern hospitals are ill-equipped to meet rising demands for complex rehabilitation care. The university is addressing both gaps.
The university is addressing this issue through mental health teams operating rapid-response networks – including the establishment of 24/7 hotlines and mobile therapeutic units. As well, the university’s Cheryl Spencer Nursing School is training more frontline responders to assess and manage trauma – and a proposed Community Rehabilitation and Research Center, spearheaded by Dr. Hilla Sarig Bahat, would merge academic research with hands-on clinical care—the first model of its kind in Israel.
The second focus is aimed at restoring economic stability and regional capacity in the north. With unemployment in the north spiking nearly 50%, Karabelnicoff points out, “the university is launching targeted workforce initiatives designed to meet immediate needs and build long-term regional capacity. These include specialized training programs for nurses, educators, trauma specialists, and environmental rehabilitation professionals. Additionally, discharged soldiers are being offered re-skilling opportunities in sustainable marine industries tied to Israel’s northern coastline, connecting economic recovery to national resilience.”
The final prong in the University of Haifa’s new initiative is focused on investing in community futures through real-time legal aid clinics, AI-assisted social service platforms, and coexistence-building programs that will bring Jewish and Arab residents together in the workplace.
“The university is working to restore both public trust and strategic cohesion,” Karabelnicoff says. “Researchers are partnering with kibbutzim, regional councils, and national ministries to revitalize schools, renew cultural life, and strengthen the social fabric at a time when national solidarity is dangerously frayed.”
For readers interested in contacting Ariel about supporting this new Canadian Friends of Haifa University initiative, his email address is ariel.karabelnicoff@haifa-univ.ca.
Features
Trump’s Nobel Peace Prize Quest And the Ukraine War

By HENRY SREBRNIK In a recent letter nominating U.S. President Donald Trump for a Nobel Peace Prize, Prime Minister Benjamin Netanyahu of Israel heaped praise on the diplomatic deals known as the Abraham Accords, establishing diplomatic relations between his country and three Arab states.
Netanyahu called the 2020 accords, brokered by Trump, “breakthroughs” that had “reshaped the Middle East,” making a “historic advance toward peace, security and regional stability.” Trump brokered the treaties between, initially, Israel, Bahrain and the United Arab Emirates, signed at the White House that September 15.
As I wrote at the time, Trump deserved the prize, but his detractors saw to it that it was instead awarded to the World Food Program, “for its efforts to combat hunger, for its contribution to bettering conditions for peace in conflict-affected areas and for acting as a driving force in efforts to prevent the use of hunger as a weapon of war and conflict.”
A worthy organization, of course, but it could have been granted the prize in any year since its foundation in 1961. Trump deserved the prize, but didn’t get it, due to animosity from the international liberal elites.
By 2021 Trump was out of office, but he would still have been eligible. Instead. the prize went jointly to Maria Ressa, a Filipino-American journalist and investigative reporter for CNN and a professor at Columbia University, and Dmitry Andreyevich Muratov, founder of a pro-democracy Russian newspaper, for “their efforts to safeguard freedom of expression, which is a precondition for democracy and lasting peace.” Again, more of a “human rights” award than a diplomatic effort to end armed conflict.
Trump has long sought a Nobel Prize and has publicly questioned the decision to award the honour in 2009 to former president Barack Obama, who had barely entered the White House at the time. This time around, despite lingering bias, I think Trump will receive it. He can’t be overlooked — because he is really bringing at least a modicum of peace between longtime foes around the world.
The August 8 agreement between Armenia and Azerbaijan notched another victory for him. The photograph of Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan shaking hands, with a smiling Trump holding both their arms, should alone do it. And it comes after a series of such deals. He spent much of his appearance promoting his administration’s role in overseas peace processes. His last such success came at the end of July, when he intervened to bring Cambodia and Thailand to the negotiating table after a border dispute.
Trump claimed involvement in a May ceasefire between India and Pakistan, two nuclear powers, though India denied, for domestic reasons, that the U.S. was a major actor. In June, he celebrated a peace agreement brokered by the U.S. between the Democratic Republic of Congo and Rwanda, doing so with a signing in the Oval Office.
“Today’s signing follows our success with India and Pakistan. They were going at it. They were going at it big,” Trump reminded people. “Also the Congo and Rwanda. Now that was one, which was going on for 31 years, and we have it all done, and people are very happy.”
Several world leaders have said they were nominating Trump for the prize, including Cambodian Prime Minister Hun Manet. Among others, the leaders of Armenia and Azerbaijan have expressed their support. Pashinyan and Aliyev said that they believe Trump deserves the Nobel Peace Prize and that they will advocate on his behalf to the Norwegian Nobel Committee. Aliyev remarked that what Trump did in six months was a “miracle.”
Now comes the hardest part: the horrific Russia-Ukraine war. It has become Trump’s obsession to end it and enter the history books as a peacemaker. The symbolism of Trump meeting Vladimir Putin on the tarmac in Anchorage, Alaska August 15 was a photograph that undoubtedly made it to the front pages of every newspaper in the world. Prior to the meeting, former U.S. Secretary of State Hillary Clinton, the Democratic Party candidate who lost the presidential election to Trump in 2016, said she would nominate him for the Nobel Peace Prize if he managed to pull off this extremely challenging feat!
Of course, the Alaska summit was actually just a first step. The ball is now in Ukrainian President Volodymyr Zelensky’s court. Russian Foreign Minister Sergei Lavrov said Aug. 20 that Russia would agree to Western security guarantees for Ukraine only if Russia and China have a veto.
Russia’s list of demands includes assurance that Ukraine will not join NATO. Conversely, Moscow will have to accept an eventual Ukrainian accession to the European Union. Remember: unlike the U.S. and Europe, neither Russia nor Ukraine can afford to lose. Both — yes, both — see themselves up against the wall.
A redrawing of national borders seems inevitable. Much of Donetsk, Luhansk, and of course all of Crimea, with their Russophone populations, will likely remain Russian. On the other hand, Ukraine will become a far more homogenous nation state, perhaps a step towards its greater democratization. Otherwise, the war will continue.
And I haven’t even mentioned Gaza.
As for Trump’s Nobel? The road ahead is rough, but it will still be a sure thing.
Henry Srebrnik is a professor of political science at the University of Prince Edward Island.
Features
How beginners can profit from crypto

There are some people who have made money through investing in cryptocurrency. However, how can crypto help you make a profit if you are a beginner who doesn’t have a lot of technical expertise? Here is a list of some of the ways you can make money with crypto without having a lot of experience in the subject.
Get in early
One way you can, potentially, earn money from crypto without needing any deep technical knowledge is by finding opportunities to get in on the ground floor. If you study any upcoming crypto launches by, for instance, looking at the list of new crypto presales from Best Wallet, you might find a coin or token which you could make a profit from. Very often, a cryptocurrency’s presale price is lower than what it trades at when it first appears on the open market. So, if you are careful, do your own research, and have luck on your side, you could make a profit from a cryptocurrency presale.
Earn interest
If you want to make a profit in a slow but sure manner, then earning interest on a crypto savings account might just be for you. Much like a traditional, fiat, savings account, your money is lent out to borrowers or, in some cases, put into liquidity pools, and you earn interest, which can be as much as 10 per cent. Most major exchanges will let you do this, and they are often pretty user-friendly, too, so it won’t require a great deal of crypto expertise. If you do put your money into a savings account, make sure you research the platform and start with a small amount, the sort of amount of crypto you could afford to lose. It also helps if you diversify somewhat and use different platforms to avoid the risk of losses.
Earn as you learn
While the debate between centralized and decentralized exchanges isn’t going to go away at any point soon, something that can work in favor of centralized exchanges is how they can give you free crypto in the form of learn-to-earn programs. These involve surveys and quizzes about particular cryptocurrencies, which reward players with some of the subject cryptos once they have completed them. Although the rewards are not exactly massive – usually a few dollars’ worth of the said crypto – they are real. What is, perhaps, even more useful is that the quizzes are educational, so you won’t just gain crypto from doing them, you will also learn more about the whole cryptosphere.
Keep loyal
If you’ve been shopping at any point this century, the chances are that you will be familiar with the concept of loyalty cards. These give you rewards for doing your shopping, or eating and drinking, at a specific chain or store. And what’s true of traditional retail is becoming ever more commonplace with cryptocurrency. Whether it’s with crypto debit cards, which give users rewards in the form of crypto, shopping platforms such as StormX or Lolli offering points, or travel sites like Travala giving customers crypto cashback, there are plenty of ways in which you can get crypto just by getting things you would normally get. And, better yet, they usually just need you to sign up and link your card to your account, so there’s no mining or staking or anything like that. As ever, though, make sure that you read the small print and check that you comply with any tax requirements for any coins or tokens earned via a crypto loyalty program.
Hold steady
Crypto investors who make money know when to get into a market and come out of it. However, one thing that can work in your favor is the simple act of buying and holding crypto. Now, this isn’t foolproof. Firstly, because nothing is foolproof and, secondly, because prices can go down as well as up. That said, there is a theory that, ultimately, this is the best way to make money with crypto, because it can involve a long-term strategy. You will, however, need to make sure that you do your own research, remember that prices can go down as well as up, and never invest more than you can afford to lose. It also helps to be patient, because you might not see a profit you want to take for quite some time. So just buying and holding can help you turn a crypto profit without having to study the technical intricacies of cryptocurrency.