Let's Explore The World Of Passive Crypto Income - Part 6

Let's Explore The World Of Passive Crypto Income - Part 6

By Sapphire | Sapphire Crypto | 1 Oct 2020


Exploring a Niche Market

We have explored quite a few different passive earning opportunities in recent editions and you can be sure that there are many new and exciting opportunities on the horizon. With any type of investment there is always the aspect of risk and that is something that needs to be accepted by any potential investor. Obviously, within the Crypto space that aspect increases significantly. A lot of scams share a very similar pattern and that is that they offer a return that is unsustainable. Even if the intention is not to scam users, when liquidity drys up then that is what follows by default.

What we will be looking at today is a sector that ensures it always has the winning edge and if they have the winning edge, you stand a better chance of continually receiving your profits. Crypto I-Gaming and Online Casinos have been around almost as long as Crypto itself and are likely to increase as projections see a tremendous increase in the sector over the next 2 years. This has been bolstered even further by the recent pandemic, as online platforms are much more affordable to run than physical casino locations.

The Only 2 Platforms I Utilize For Dividends

One of the platforms that I am currently earning daily dividends from is Wink. This platform has been around for ages and pays out daily like clockwork. One of the most important advantages to the Wink platform is that users get to hold their own funds. Users interact on the platform via their TronLink wallet and so always have possession of their funds. This means that Wink only gains access to funds that are actually lost or in active bets. Unlike other platforms that require users to "mine" tokens through playing, WIN tokens can be purchased in order to stake on the Wink platform.

Wink dividends are currently paid out predominately in TRX and are deposited daily into your TronLink wallet. There are probably a lot of higher yielding options out there but I like to diversify and Wink's strong track record and reliability make it a sure bet for my portfolio.

The second platform I like to make use of for BTC dividends is Betfury. Unlike Wink, users can only acquire tokens through mining the token on the Betfury platform. Every game or bet earns you tokens, relative to your wager amount of course. I don't gamble so I just mine the token through a setting I use on Dice, which is probably the most popular game utilized by users wishing to mine the Betfury token, BFG. 

Wagering in any of the other currencies other than BTC will earn you the TRX BFG token, while wagering in BTC will earn you the BTC BFG token. I only mine the BTC version using the following strategy.

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I set the slider bar to 95% win ratio and switch it to "Fast" in the top left corner. I then set it to "Auto" so that it will keep rolling until my BTC funds are depleted. My wager amount will vary depending on how much BTC I have available but I will generally set my wager amount to 0.05% of my total amount available for mining. Currently, about 1.3 BFG tokens will mine 1 satoshi per day so if you mine 130K tokens you will be earning 100K sats each day, which would amount to 0,03 BTC per month.

As time passes, the mining difficulty adjusts and BFG tokens will become more expensive and subsequently more difficult to mine. Withdrawals are pretty fast, especially since you want to select the "Slow" option due to the fee only being 2500 sats. Betfury has performed really well in my arsenal of tools for creating passive income and I hope to see that continue!

Please remember that this is not investment advice but rather details from my own journey in the world of Passive Crypto Income.

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Sapphire
Sapphire

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice.


Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice.

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