There are many people who might be wondering as to how they can earn money with Cryptocurrency and Blockchain technology. Many are unaware of what Cryptocurrency or blockchain means. But I will jump to how you can earn with cryptocurrency. And it’s very easy!
How to Make Passive?
Deposite Bitcoin or other crypto you own with DiFI! — Earns 2%-6%
DiFi is Decentralised Finance. In the recent times, the term DiFi is getting quite popular. Many platforms have come up offering DiFi.
DiFi platfroms are secure and is not run by an individual, instead run by the community. One such example of DiFi is https://makerdao.com/en/.
The platform allows users to earn or borrow on their savings. One also has to remember to be careful not to lose their password or else they would lose their account as there is no one taking your personal data.
The saving rate is determined by the Maker Governance vote. It can be anywhere between 2% to 6%. The saving rate might be less, but we also have to take consideration of the capital gains over time of the Bitcoin or Ethereum.
List of DiFi Platfroms.
https://aave.com/
https://compound.finance/
https://makerdao.com/en/
If you want higher rates, you can chose the below option.
2. Deposit your crypto with the Lending platforms. — Earns 5% to 12%
There are some great lending platforms for the crypto community like Celcius.network, Nexo and so on. These Platfroms usually offer anywhere between 4% to 12%.
Nexo offers upto 10% interest on Deposit compounded everyday. They also pay annual dividends to the Nexo token holders giving an added capital appreciation.
Celcius.Netowork offers the below rates for the choice of your crypto deposits. They offer additional 30% interest if you chose to earn in Cel Token. (The token integrated with Celcius platform)
3. Blog on Hive.blog and other similar Platfroms.
That’s right, you can earn by writing on the blockchain. Platfroms like Hive.Blog offer writers and bloggers like us to to earn additional income. The platform pays you in Hive Dollar an Hive token which can be exchanged for cash or Bitcoin. The rewards are shared 75/25 with the curators and the writers from the pool of the earnings.
Similar to Hive.Blog
- Steemit.com
- Uptrennd.com
- PublishOx.com.
Thank you for Reading. Your feedback would be appreciated.
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