Making Passive Income Through Crypto

[Mika]

Everyone knows you can make money from cryptos through investment and trading, however, not many people know you can also earn passive income from your cryptos.

Binance

If you have cryptocurrencies you can put your cryptocurrencies into generating profits for yourself. On Binance, you can earn from various methods and one of the easiest and also the best methods is staking. When you stake cryptos, you will have to lock your assets for a certain period and will earn fixed interest rates, for example,

If you stake BNB for the period of 120 days, you will earn 12.99 percent annual interest;

If you stake ADA for 30 days, you will earn 7.75 percent annual interest and 8.24 percent for the period of 60 days, and 10.43 percent when you stake for 90 days.

If you have ETH 2.0, you can stake and earn 5.20 APY.

The best thing about staking is the guaranteed principal return.

StormGain

StormGain is a Crypto Exchange platform, where you can mine bitcoins, put your mined bitcoins into trading, and earn the profits you make on trading. This is absolutely free to start. They also offer a referral commission. You will earn 15 percent of mined funds your referrals withdraw. However, you will profit on StormGain only when the market is gaining, when the market starts dipping, you will start losing money.

 

[Setho]

Cryptocurrency is still pretty much a new innovation but there is still a wide array of opportunities that you can be able to enjoy from the market . This is something that you lot of people do not know about because it is usually not peculiar with financial systems across human history. A lot of people are usually stuck with speculation which has a lot of volatility and you end up losing a lot of money .

One of the ways which you can make good passive income is by provision of liquidity . Whenever people are trying to switch from one coin to another through exchanges and you are providing liquidity for that particular pool then you are going to be given a certain percentage of whatsoever fees they are being charged .

Lending protocols is also another way of making money where you are going to give out your cryptocurrency and then it is going to be lent out to another person. There is a particular interest that the person is going to be at the end of the day and it is going to be shared with you .

You can also make passive income in cryptocurrency by mining cryptocurrency is in applications like cryptotab or engaging in test features.

 

[Jasmine]

I am using Stormgain as well as Binance. I am also using Nexo and Exodus to earn passive income through cryptos. Stormgain is a muti currency crypto wallet. It also offers free mining. You can also find your wallet for better hash rate for mining but that is absolutely not necessary. You will hve to activte the miner every 4 hours and withdraw when the balance reaches $10. Once you withdraw your mining rewards, you will have to trade. You can only use the profits you make from trading rewards. This is not the best passive income methods, or even a good way to earn crypto currencies, however, you can still try because you do not have to invest any money and you do not have to spend lot of time.
Binance is the best platform to earn passive income through your cryptos, but in order to earn passive income through Binance, you need to invest in a lot of cryptos. Your income depends on the amount of crypto assets you have with you.
You can also try platforms like Nexo or Celsius that offers interest on crypto deposits. The major drawbacks of earning passive income through cryptos is you need a lot of money.

 

[Flow-er]

The thread is a very incisive and also educative one . Staking is definitely a cool way to make passively from the cryptocurrency exchange with a fixed rate. The amount of money that you will make from staking your cryptocurrencies are fixed for a certain period of time as you have mentioned in thread and it is one of the best ways to make passive income for yourself on the Internet. So many people do not know that they can generate passive income via that means and it's one of the greatest opportunities provided by cryptocurrency exchanges. The crypto exchange provides the means to make money passively for it users. The money making opportunities provided by cryptocurrency is very huge and the level of fluctuations is very pronounced which makes the value of the prices of cryptocurrencies to increase dramatically. The level of fluctuations actually made cryptocurrencies a very risky investment and that is what also brings in more of the profits. The financial investors often dubb the cryptocurrency investment as unstable investment because it market value fluctuations is very pronounced. This is most of the cryptocurrency investors prefer to go with bitcoin because of its high level of fluctuations.