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Step 1
Measure cereal and place in a large bowl, set aside.
Step 2
Pour powered sugar or powdered erythritol and protein powder into 2-gallon resealable zip-lock bag.
Step 3
In a saucepan over low-medium heat add peanut butter, chocolate chips and coconut oil. Stir continuously until chocolate chips have melted and the mixture is smooth. If you're using a microwave, heat the chocolate chips and coconut oil in 30 second increments until melted. Then stir in peanut butter until combined.
Step 4
Pour chocolate mixture over cereal and toss until evenly coated.
Step 5
Carefully pour coated cereal mixture into the bag with the powdered sugar and protein powder. Seal bag; shake until well coated. Spread on parchment paper to cool completely. Make sure you let it cool for a while before putting it in a container, otherwise your mix will get soggy.
Step 6
Store in an airtight container in the refrigerator. Keeping it in the fridge will keep it fresh and crunchy!