So passive income, what is it? Why would you want it & why it's awesome!

Passive income is creating an income for yourself without having to do anything yourself, for example you run a youtube channel but pay people to make your video's etc. and do everything for you.

With crypto it works in many ways, you can invest in all types of platforms or currencies to build a passive income and I'm here to tell you about some.

POS Coins:

Pos coins are probably my favorite type of gaining a passive income, since everyday you'll see your capital grow and even if it's just a few cents in the start it's a great way to get in to these coins.

I currently am buying 3 coins myself until I earn about $20/day from them alone.

The coins I'm buying & highly recommend to anyone else are:

Beancash: formerly known as BitBean, great steady price and high staking yearly return

404: High yearly return, price fluctuates, still a solid investment

Stakecubecoin: High yearly return, price fluctuates but its pretty much always around 1800-2000 sat/SCC

I personally use a staking pool, this is great for when you have a small capital and it wouldn't be worth running your wallet 24/7.
Here are some of the best known staking pools with tons of POS coins they accept:

Stakecube - My personal favorite POS pool, they've got an inbuilt exchange, daily faucet for tons of coins, fast support in discord & a few other cool things I'd love to see more sites add.

SimplePOSpool - It's got some negative feedback from people so I personally wouldn't recommend using them.

So another way to build a passive income, let in mind what I am going to tell you about is riskier and you may lose your money. All of these investments are ment for short term and not long term. If you invest wisely you can build a great income doing this.

So the more "experienced" people probrably already know that I am talking about HYIP investing, so what is HYIP investing? HYIP stands for High Yield Investment Program, so there's a high risk but also a high reward.

I personally do invest in these programs and usually make around 30-60% profit/month I always use an investment monitor site to make sure I don't invest in scams or already old programs, you want to join a HYIP program the day it started, they usually pay between 15 days and a couple of months.

I don't recommend investing in any programs that only pay like 1% a day since it'll take over 3 months to get your money back, I personally like programs that just give you a small percentage of profit after 24-48 hours like 3-5%.

If you are looking for a great way to make profit, this is a great way to invest, if you don't have any money you can afford to lose then do NOT invest in HYIP programs, invest in a steady POS coin like BeanCash.

I hoped this article may have helped some people & would love to hear your opinion / feedback on it since it's my first article :)