PASSIVE INCOME
Want to go to the Moon but don’t know how?
Keep reading for an exhaustive list on the many possible ways to create passive income in the crypto world. Hopefully a combination of these leads you to the path of becoming a mighty crypto Whale.
· HODL (Hold)
· LENDING
· MASTERNODES
· STAKING
· DEFI (Decentralized Finance)
· CASHBACK (CRYPTOBACK*)
· REFERRAL CODE LINKS
· REWARD TOKENS (Dividend-Paying Tokens)
There Is No “Free Lunch” in Crypto!
Before you jump onto any of the above-listed crypto-powered passive income earning opportunities, it is important to highlight that none of them are risk-free.
HODL
This might be the easiest and most obvious way to becoming a crypto Whale but only:
IF you have an extremely high tolerance for risk
IF you get lucky and 10x,100x or even 1000x on an alt
IF you have strong hands, big balls and can handle 80–90% drops
IF you believe we are in the early stages of a blockchain technology revolution
OK so maybe this is not exactly passive income. But of course the first step in creating passive income in crypto is to actually hold some in the first instance.
LENDING
Have crypto that you aren’t doing anything with? How about lending them out and getting interest in return? There are various lending platforms that exist where you can do exactly this.
Crypto.com
Celsius.network
Waves.exchange
MASTERNODES
A Masternode is a full node (computer wallet) that supports the network by hosting an entire copy of the coin’s ledger in real time. In return, the Masternode will receive crypto coins as a reward.
STAKING
Staking PoS coins has, therefore, become a popular way to earn interest on crypto asset holdings. Long-term “HODLers” are particularly fond of staking their coins as it adds potential returns to their investment portfolios.
DEFI
Decentralized finance, also known as DeFi, is a fast-growing sector of the cryptocurrency industry. While cryptocurrency coins create a decentralized store of value separate from any government-backed fiat currency, DeFi creates decentralized financial instruments separate from traditional centralized institutions.
CASHBACK (CRYPTOBACK*)
Cashback is a popular ecommerce system that administers rewards and rebates for shopping. Every time you shop online, and in some cases in-store, you’ll earn up to 5% of the transaction value back. Traditionally administered in cash or rewards points, certain cashback schemes now dispense rewards in the form of cryptocurrency – or “cryptoback.” These provide a passive way to stack more crypto while you shop.
REFERRAL CODE LINKS
Are you someone with a large following on social media?
Or perhaps you could build up a large following by creating a youtube channel?
Referral Code Links from big exchanges like Binance, Coinbase or Hardware Wallet Ledger can earn you a small referral fee.
REWARD TOKENS (Dividend-Paying Tokens)
To earn dividends on these types of tokens, holders are usually required to hold them on the issuing exchange or stake them using an external wallet. The more tokens you hold, the more passive income you can earn with them.
