Passive Money Making Ways In The Cryptocurrency Industry.
Usually, people think that the only way to make good money in crypto is through day-trading. However, I beg to differ. In the cryptosphere, there are hundreds of other smart ways to earn.
I have also been exploring these ways throughout my crypto journey since 2015.
3 Additional Ways To Make Passive Income In Crypto.
The process of actively participating in transaction validation on a proof-of-stake (PoS) blockchain.
Platforms that run on blockchains that use Proof-of-Stake algorithms for consensus, allow people on it to stake their coins and make a profit off the coin’s inflation in exchange for service from the user to keep the network running and secure.
Some platforms use Delegated-Proof-of-Stake (DPOS) algorithms and based on empirical data see more profits than PoS coins.
Each platform offers different returns and utility for their tokens, but this is possibly the easiest way to earn a profit from your cryptocurrency assets passively.
2. BUY EXCHANGE COINS
Some exchanges let you buy their native coins and they pay a percentage of the fees that they collect as transaction fees back to their token holders. This is not the most consistent or constant source of income, as it largely depends on the trading volumes of the exchange, but it is also one of the easiest ways to make money on cryptocurrencies.
3. BUY DIVIDEND COINS
On some platforms there is an original coin that either constitutes or substitutes for another coin and all the trader or investor has to do is hold/lock on to the original coins.
This isn’t an assured method of income, however as a method to earn money on cryptocurrencies this is possibly one of the most passive.
NOTE: The thing with passive methods of trading is that the returns won’t be as high as day-trading. However, it is still a good option to consider if you want to get involved and here are a few options that are either semi or entirely passive ways of creating an additional source of income for you.
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