A Beginner's Guide to Earning Passive Income With Crypto
Trading or investing in projects is one way to make money in the blockchain industry. However, that typically requires detailed research and a substantial investment of time – but it still won’t guarantee a reliable source of income.
There are other methods than trading or investing that can help you increase your cryptocurrency holdings. These can pay ongoing income similar to earning interest, but only require some effort to set up and little or no effort to maintain.
This article will go through some of the ways that you can earn a passive income with crypto.
# What are the ways you can earn passive income with crypto?
The simple way to Lend & Earn
Lending is a completely passive way to earn interest on your cryptocurrency holdings. There are many lending platforms that allow you to lock up your funds for a period of time to later collect interest payments.
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Dedicated to increasing user staking income
Staking usually involves keeping funds in a suitable wallet and performing various network functions (such as validating transactions) to receive staking rewards. The stake (meaning the token holding) incentivizes the maintenance of the network’s security through ownership.
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Ways to generate passive income in the blockchain industry are growing and gaining popularity. Blockchain businesses have also been adopting some of these methods, providing services commonly referred to as generalized mining.