6 Ways to Make Passive Income from Crypto
To make profit from cryptocurrency other than trading is to invest in order to get passive income. So if you are afraid of losing to trade crypto which requires reliable technical and fundamental analysis skills, making passive income from crypto is an alternative so that we can continue to exist in the crypto world, no need to worry about high crypto price fluctuations, which often make heart beating fast.
Here are some ways to invest in crypto so that you will always get passive income:
1. Crypto Staking
On a blockchain that uses a Proof of Stake (PoS) consensus algorithm mechanism. users can save krpto in wallets or exchange staking pools to get rewards in the form of the same crypto,
2. Running Masternodes
Users need to store crypto to be able to run the masternode and get the rewards later.
3. Crypto earns interest
Currently, there are many crypto wallets and exchanges that provide interest to users who store their crypto, just like deposits in a bank.
4. Giving Loans
There is a lending application called BTCPop (P2P) which allows you to lend your crypto P2P to other users, but there is a risk that the borrower defaults or goes bankrupt.
5. Cloud Mining
Cloud mining is easier than us having to make our own mining rig, we only need to rent hash power according to our abilities, but we need to be careful because currently there are many scam cloud mining sites.
6. Running Lightning Network Nodes
Lightning Network is the second network of the Ethereum blockchain, so Lightning network transactions are carried out outside the blockchain, so transactions will be more effective and faster and cheaper. If you run Node lightning network then you will get transaction fees that are processed through the network you create, in return uncertain results depending on the number of transactions.
To make profit from cryptocurrency other than trading is to invest in order to get passive income. So if you are afraid of losing to trade crypto which requires reliable technical and fundamental analysis skills, making passive income from crypto is an alternative so that we can continue to exist in the crypto world, no need to worry about high crypto price fluctuations, which often make heart beating fast.
Here are some ways to invest in crypto so that you will always get passive income:
1. Crypto Staking
On a blockchain that uses a Proof of Stake (PoS) consensus algorithm mechanism. users can save krpto in wallets or exchange staking pools to get rewards in the form of the same crypto,
2. Running Masternodes
Users need to store crypto to be able to run the masternode and get the rewards later.
3. Crypto earns interest
Currently, there are many crypto wallets and exchanges that provide interest to users who store their crypto, just like deposits in a bank.
4. Giving Loans
There is a lending application called BTCPop (P2P) which allows you to lend your crypto P2P to other users, but there is a risk that the borrower defaults or goes bankrupt.
5. Cloud Mining
Cloud mining is easier than us having to make our own mining rig, we only need to rent hash power according to our abilities, but we need to be careful because currently there are many scam cloud mining sites.
6. Running Lightning Network Nodes
Lightning Network is the second network of the Ethereum blockchain, so Lightning network transactions are carried out outside the blockchain, so transactions will be more effective and faster and cheaper. If you run Node lightning network then you will get transaction fees that are processed through the network you create, in return uncertain results depending on the number of transactions.
