STEP 1: Coins.ph account
If you are Filipino, you need to have a verified account of Coins.ph in order to invest with #Forsage, it is because you need to convert your PHP into Ether crypto currency or known by its symbol ETH and coins.ph is the most popular crypto currency exchange in Philippines and also has many partners for your to add funds.
Fee: Free
STEP 2: Add funds to coins.ph
You need to add funds to your coins.ph PHP wallet so that you can convert it to ETH.
Fee: 30 pesos
We will just use 30 pesos for this step although there are free choices.
*30 pesos per transaction using Plawan
*Free 7/11 but maximum of 100 pesos per transaction
*GCash free during pandemic
STEP 3: Create Ethereum wallet
Unlike your Bitcoin wallet in coins.ph, you actually need to create your Ethereum wallet and pay a one-time fee of around 80 pesos, as explained by coins.ph this is to initiate a smart contract and is only paid one time during creation. (https://support.coins.ph/hc/en-us/articles/360000008862-Why-is-there-a-creation-fee-for-my-Ethereum-wallet-)
Fee: 80 pesos
STEP 4. Convert from PHP to ETH in coins.ph
After creating your ETH wallet you can now convert your PHP amount to ETH.
Let us convert our 2,000 pesos into ETH, the exchange rate changes every 30 seconds, for this time, the rate is 11,623 pesos per 1 ETH so our 2,000 pesos is equal to 0.172073206825111676 ETH
Fee: 5% or 100.4
In conversion, there is no fee on the spot, but just like any money exchange services or any FOREX exchange, if you convert from PHP to other currency the rate is higher but if you convert back that currency to peso, the rate is low. That is how money exchanges makes profit, if you look at the rate of PHP > ETH it is 11,623 but if you convert back from ETH > PHP the rate is 11,040, that means your 0.172073206825111676 ETH is now equal to only 1,899.6 that is more than 5%, your 2,000 pesos is less 100.4 already.
STEP 5: Download Trust Wallet App and Create ETH Wallet
After downloading the Trust Wallet App, you will just follow the set up instructions so you can create a ETH wallet, this is where forsage will send your commissions.
I provided this screenshot so that you know the icon of the app because sometimes if you search for something it will Olay store will display more than 1 result with the same names.
Fee: free
STEP 6: Send ETH from Coins.ph to Trust Wallet
1. Open Trust Wallet
2. Select/Tap the ETH crypto currency
3. Tap receive to view your ETH wallet address
4. Tap copy icon to copy walley address
5. Go back to coins.ph ETH wallet
6. Tap send icon > select "enter ETH wallet address"
7. Paste the address you copied from #4
8. Tap ok to see the screenshot above.
Fee: 0.0117 ETH or around 129.2 pesos
Let us deduct the fee from your original ETH balance because you can't transfer all of it because of the fee, your Trust Wallet App will only receive 0.160373206825111676 ETH
Finally, the investment you have been waiting for. This is now the part where you are going to "invest" your money, technically you are just buying a matrix level, the basis for your earning.
Cost:
1. 0.05 ETH or around 620.6 PHP
2. 0.03432 or 425.99
You need to start from level 1 of X3 and X4 matrix, this is their basic level.
Aside from the cost of buying the matrix level, you also need to pay their so called network fee or you can call it conversion fee or service fee, in block chain that is called mining fee, the amount you will pay to miners, but! Forsage is also charging you an amount on top of that mining fee, that is why that network fee is very expensive that it's almost 426 pesos or 68.6% of the transaction amount. MASSIVE!
Ok, so you have already bought your level 1 matrix level, deducting the cost above, you only now have 0.076053206825111676 ETH left in your Trust Wallet. That is worth around 844.01 pesos as of this writing (exchange rate fluctuates a lot).
That 844.01 left in your Trust Wallet Address can be converted back to PHP anytime, but you will also pay fees for doing so, once it will reach your coins.ph PHP account it will not be 844.01 anymore 😂
.....
Ok, so, you already bought level 1 right? You are now "investor" of Forsage?
The big question is can you now start earning even if you will not invite people to join and go through the process above? The sad answer is a BIG FAT COLD ICY NO! ðŸ˜
You need to buy higher level to earn their so-called spill-over, you are just level 1, you need to buy more, the cost of higher level is 2x the current level, buy Level 2? Prepare 0.1 ETH plus fee of course.
RECAP:
2,000 pesos initial capital
+30 pesos cash in fee to coins.ph
+80 pesos ETH wallet creation fee
-------------
=2,110 pesos total capital
-0.0117 ETH transfer fee Coins.ph to Trust Wallet
-0.05 ETH level 1 matrix
-0.03432 network fee
-------------
=0.076173206825111676 ETH or 844.01 all that is left of your 2,110 PHP total capital.
Say goodbye to your 1,200 PHP money, because you can never get it back, unless you will scam other people into joining this, unless you can convince them that they.
CONCLUSION:
If you don't want to loose 1,200 for nothing, investing in Forsage is not advisable.
PS: It's true that possibly your 844.01 pesos might increase because it's in ETH wallet, but there's also a possibility that it might decrease, same thing if it was just in coins.ph, and forsage has NOTHING to do with that actually.
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