How I earn Passive Income in crypto

By Kimbo | Kimbo Capital | 26 Feb 2021

I’m not a smart man. I’ve just learned to ask questions and research. Here to share what I've found.

No fluff. No BS. Not financial advice

3 steps to earning a passive income

Step 1) Purchase BTC, ETH, or USDC on Coinbase

Step 2) Sign up for Blockfi and deposit the BTC, ETH, USDC into the respective account

Step 3) All done! The interest you earn from this crypto savings account is added to your deposit total which will compound (increase) your annual yield

Bitcoin earns 6% or 3% based on the amount you have (0-2.5 and >2.5)

Ethereum earns 5.25%

USDC earns 8.6%

Pro-tip if you’ve made it this far:

The Blockfi Visa credit card gets you 1.5% cashback in Bitcoin on every transaction you make on it.

The BTC you earn from these transactions are deposited into your savings account to begin earning you interest.

Additionally, having the credit card gives you an additional 2% APY on your USDC balance bringing the total to 10.6% APY on your principal.

Index:

Coinbase: Exchange where you link your bank account/card.

If you use the Coinbase link above, you’ll get $10 when you buy your first $100 of crypto.

Blockfi: Savings account where you HODL and earn interest.

If you sign up using the Blockfi link above, you’ll get an additional $10 for depositing the $100 of crypto you just purchased on Coinbase into your Blockfi savings account.

Blockfi Credit Card Waitlist: Additional rewards