5 crypto passive income in 2020

5 crypto passive income in 2020

By creatoersz | creatoresz | 20 Mar 2020


HOW TO EARN A PASSIVE INCOME FROM CRYPTO 

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1. PROOF OF STAKE COINS

Many people call staking the new mining, but staking requires a lot less effort. There are several Proof-of-Stake coins beyond Tezos, Dash, Stellar, and Decred, that allow you to earn coins simply by placing them in a designated wallet or stake pool.

You can even use your exchange wallet on Coinbase and Binance to stake Tezos. Users can stake XTZ from inside their accounts, although, of course, the exchange will take a percentage of your earnings.

Staking on Ethereum and Cardano will soon become hot topics of conversation as well, as Cardano completes its Shelley upgrade and ETH makes its long-waited move to PoS.

Be sure to check out the ROIs and lock-up periods each coin requires to see if it’s worth your while. Also, remember to ask whether it’s simple passive income you want or to earn the right to vote on the network as well.

 

you can stake XTZ on a ledger. if you haven't one i suggest you to buy it on the official site --> LEDGER 

 

2. EARN INTEREST ON YOUR CRYPTO

If you’re willing to part with your private keys and keep your crypto on a crypto lending platform, you can earn interest on your BTC, ETH, and several other coins and tokens by opening an interest account with a company like Celsius Network or BlockFi.

The above-mentioned companies have no lock-up periods or minimum deposits. However, the amount of interest you earn will obviously vary with the number of coins you have. BlockFi, for example, pays and Annual Percentage Yield of 6.2% on 0-5 BTC, but just 2.6% on anything over 5 BTC.

If you don’t have significant crypto holdings, another way to make your money work for you would be to convert some fiat into a stablecoin such as USDC or DAI . Rather than earn next to nothing in your bank, you can get up to 10% per annum at Crypto.com. You can find here all the details on their site Crypto.com (by registering from this link and using the code: hj8kfw2dgv you can also earn for free 50$) :)

Be sure to do your own research before thinking about storing your crypto on any platform. If you’re going to risk not having your private keys in cold storage, at least know who the platform’s custodian is and whether they have any sort of insurance policy.

 

3. LEND YOUR CRYPTO

Just as with interest-earning platforms, you can lend your crypto as well. There are plenty of providers in this area including peer-to-peer lending provider Coinloan that lets you lend out your chosen crypto with up to 12% ROI. 

You can choose your own lock-up period, from seven days to three years as well as the amount you want to loan out. A quick example, though. Loan out 35 ETH over six months and you’ll get 2.1 ETH back.

There is also Binance Lending that allows you to hold your crypto with its Lending Product to accrue interest.

Bitfinex also lets you lend out over 24 different assets including BTC, EOS, NEO, ETH, and DASH. The best rates are about 0.02% per day, which comes to around 7% a year. Although, most opportunities are for a short period of time as many traders won’t lock into a position for more than 30 days.

As with staking and interest accounts, be sure to DYOR. Not all these products are suitable for everyone. If you’re a firm believer that if you don’t have control over your private keys, you don’t have control over your coins; it’s probably better just to HODL.

4. USING COINPOT AND FAUCET

you can find the guide here and here the prof of withdraw 

5. USING THE REFERRALS

I have written an article where i explain which are the best ways to earn free crypto from referrals and how to do it. You can find the article here 

 

Follow me also on LBRY (Library) --> 60 LBC for free --> Register to Library 

What i use (also earn free crypto !!)

➡️ Crypto.com (50$ bonus using the code: hj8kfw2dgv )

➡️ Coinbase (10$ bonus)

➡️ Wirex card 

➡️ Binance (10% fees discount)


creatoersz
creatoersz

crypto and blockchain

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