There are many ways to create a passive income with crypto. I like the idea of putting my coins to work and watching them grow over time. A few websites that I use for interest earnings on my crypto are BlockFi and Nexo. Each one of these sites has their own rates that you earn. and it seems to be better than traditional bank rates.
* Nexo-- up to 10% on fiat and stablecoins, up to 5% on cryptocurrencies. I use this platform and I have had no issues with withdrawals or anything. You can take a loan out against your assets and pay back with low interest. Minimum for Nexo is $500 loan. Interest on your assets compound daily.
BlockFi is the other platform I use as well. This platform pays out once a month in the asset you have deposited. The minimum for a loan through this site is $5000. The earnings in interest on this site is up to 8.6%, usually for stablecoins, lower rate for BTC, and ETH. I know there are other crypto interest earning sites: Crypto.com, and Celcius.network. I know there are more out there I just wanted to name a few in case some of you folks may not have been aware.
Staking coins is another way to create passive income. there are many crypto coins that have Proof of Stake consensus and the holders of the coins earn a certain percentage over the course of the year. I recently started this method of earning coins with just a small amount, I want to see how it goes in the coming months. If you are wondering the coins I have selected...ALGO, ATOM and ADA...
Well that is all for this brief post, if you like it..gimme a thumbs up.. if not then a thumbs down. Thanks for reading.
* This is not financial advice*
BlockFi referral:
https://blockfi.com/?ref=5b4803f1
