Passive Income

If you haven't read my previous articles on earning crypto check them out first. 

The least few articles I focused on easy to acquire cryptocurrency and Bitcoin. These were all low cost and extremely low risk crypto projects like Lolli and Pi. My next few articles will be ways to acquire passive income but realize that these require investment and have more risk. 

Blockfi

Blockfi allows you to put multiple cryptocurrencies on their platform and receive monthly interest from them. They will allow you to borrow money and use your crypto as collateral and they also lend out your crypto and in return give you interest on it. Here are the upsides of using this platform:

• Allows you to gain interest on your cryptocurrency so while you hodl you gain wealth.
• Allows you to take loans backed by your crypto at a low interest rate.
• They are setting up a credit card with crypto rebates.
• They are a New York based company so they have steep regulation they must follow to operate their business and are associated with Gemini. 

I see one to two main downsides with this company.

• They are not decentralized. This means the government could make them hold your crypto or they could hacked and lose everything. Basically, they have the same problems that most centralized exchanges have.
• You must trust them to wisely lend your crypto to enough people who will pay the bill. They are very similar to a bank.
• Their interest rates are not sky high. I think you will get 4-5% return on your Bitcoin over the course of a year.

I don't recommend putting 100% of your Bitcoin on their platform but if you treat them like a bond and limit your loss potential they are an easy way to make some gains. 

Divi Project

Divi Project is one of my favorite cryptocurrencies. Most of all it's very easy to make a passive income with it provided you are willing to invest in the project. It is both a masternode and proof of stake project and the masternodes are easy to set up and it's literally done with one click. You don't need to be a programmer or excellent at Linux to get it set up. The returns are very reliable and have consistently made me a couple hundred Dollars per month worth of Divi. 

Besides their excellent masternode and proof of stake system Divi has a lot more coming out. The Divi team is working on a new wallet that will allow you to send fiat money, Bitcoin, Ether, Litecoin, and Divi. It's looking to be a very beautiful and easy to use wallet that could gain mainstream adoption. It even has human readable addresses as one of it's features that way even grandma can use it. If you are interested in a nice passive income check out Divi Project.