REAL Passive Crypto Earnings…..

Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts

This article comes from Bitcoin.com

 

During the last two years investment vehicles that allow crypto asset holders to gather yields have grown exponentially and anyone can make passive income with a number of avenues. Staking validators, decentralized finance (defi) lending services, and interest rate earning accounts provide digital currency holders with the means to make their money work for them.

Crypto Earning and Passive Income

Crypto assets are an investment in the future of money, and many people have made millions and even billions by simply trading or holding for very long periods of time. Today there are 5,700 crypto assets in existence, and people can make money off of a great majority of them by leveraging staking validators or wallets, storing digital currencies with custodians that pay interest, and accumulating yields off of certain defi lending applications. The data and analytics web portal stakingrewards.com offers insight into over 666 providers that offer staking and earning services that accrue interest.

Staking Validators and Wallets

Staking providers are investment platforms that allow users to stake proof-of-stake (PoS) coins and the platform pays all of its users on a weekly or monthly basis. A decent number of staking validators take a fee for processing the PoS payouts. A few wallets also offer PoS staking services too, as users can simply store their coins within the client and gain staking yields.

Staking providers include platforms like MycointainerStakedJust Mining, Hashquark, Figment NetworksEverstakeInfstones, and more. Staking yields are variable and depend on the coins staked, but users can take in anywhere between 1-100% in staking yields.

Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts
Staking services include Hashquark, Staked, Mycointainer, Infstones, Just Mining, Everstake, Figment Networks, Stake Fish, SNZ Pool, Stake Cube, MXC, Hotbit, and Stakin.

For instance, Hashquark users can stake coins like dash, cosmos, irisnet, qtum, tezos. As mentioned above each coin has a different earning rate. Cosmos can net people up to 8.09% on the Hashquark platform, while tezos offers up to 5.5%.

People interested in staking can also leverage wallets that also stake PoS coins as well. Wallets like Cake DefiAtomic WalletChainode TechMath Wallet, and Gaurda Wallet. Atomic Wallet offers the most supported coins today, as the platform supports assets like tron, cosmos, tezos, neo, vechain, algorand, komodo, and band. Of course, the Band Protocol has been doing well price-wise, and the underlying band asset can yield over 17% today with Atomic Wallet.

Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts
Staking wallets include Atomic Wallet, Guarda Wallet, Atomex, Math Wallet, Chainode Tech, and Cake Defi.

Custodial Interest Bearing Accounts and Decentralized Finance

Additionally, digital currency holders can leverage defi platforms and custodial interest-bearing accounts on exchanges in order to obtain passive income as well. Defi applications have been all the rage these days and platforms like Aave, Nuo NetworkCompoundDydx, and more are leveraged daily by crypto investors so they can accrue interest.

Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts
The Aave platform.

For example, Aave allows people to earn 0.02% to 4.92%. Aave supports 15 different digital assets like USDC, ETH, DAI, REP, LINK, TUSD, and others. The defi application Ddex offers 0.10% to 14.45% for assets like bitcoin (BTC), tether (USDT), and DAI. Across the universe of defi platforms, exchanges, and custodial providers, stablecoins are the hottest commodity right now. Stablecoins like DAI, USDT, and USDC offer much higher yields these days because of the demand.

Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts
Defi apps like Nuo Network, Aave, Bzx, Compound, and Ddex.

A number of well known exchanges, earning services, and custodians offer interest-bearing accounts for nearly every digital asset under the sun. People can earn up to 8% p.a. interest by leveraging Crypto.com and the platform claims to offer up to 12% for stablecoins.

Crypto.com’s earn program.

Blockfi customers can earn 8.6% annually for their crypto holdings for coins like BTCETHLTC, USDC, GUSD, and PAX. There’s no minimum balance required to earn interest using the Blockfi platform the company website notes.

Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts
Blockfi allows investors to earn interest, borrow, and trade.

The popular platform Cred allows people to earn monthly interest and users can also earn daily compound interest as well. Cred users can pledge coins like BCHETHBTC, LINK, USDT, and a myriad of other crypto assets. There’s also a calculator on the Cred website which shows people how much they can earn depending on the program chosen.

Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts
Cred offers support for a substantial number of coins and users can earn through different programs that offer monthly and daily compounded interest.

For example, if a user pledged 50 bitcoin cash (BCH – over $14k) using the six-month program and chose “daily compounding” at 3%, the person could net $218 in daily compounded total interest. People interested in earning yields can visit the web portal stakingrewards.com which offers a calculator as well. Cred has over 60,000 customers throughout 196 countries and over $200 million in crypto assets pledged today.

Crypto Earning and the Risks Involved

Getting into staking coins, lending, and earning programs can add risk to the investment. Some of the aforementioned platforms above are exchanges and custodial services, so you do risk storing your assets with a third-party provider. Exchanges and custodial solutions can get hacked, lose funds, or go bankrupt.

People can store PoS coins on a staking wallet in a noncustodial fashion, but they are still exposed to the crypto market price variances. Defi platforms are not perfect either and a lot of lending concepts could be crushed by a ‘black swan’ event like March 12, 2020. The Maker community, which is the most dominant defi platform as far as total value locked (TVL), suffered on ‘Black Thursday’ as millions of dollars worth of DAI were left under-collateralized.

Despite some of the risks involved, the lending interest rates and compounded yields are much larger than today’s traditional banking services. Another great aspect is people are onboarded much faster in the crypto ecosystem than the traditional financial system.

Individuals don’t need to go through a bank to access massive wealth, lend funds, or gather significant yields from any of these services. While most people store their crypto coins for long periods of time, many people will find value in putting their crypto to work by earning passive income.

What do you think about all the platforms and services that allow people to make passive income just by storing their crypto assets? Let us know what you think about this subject in the comments section below.

 

This article comes from Bitcoin.com

 

If you would like a step by step guide of how to create a Plug-N-Play Cryptocurrency portfolio built from Bitcoin, Ethereum, Litecoin and many other quality coins (some of which that pay you just to own them!), click the banner below:

 

 

 

Dan Watson and Arkham Industries provide an informational service only and are not responsible for any investments made applying this information. The results described are not typical and are not guarantees of future income. Any investment contains risk and is 100% the responsibility of the investor to assess the risks/rewards involved. It is possible to lose some or all of your investment. We assume no liability assumed or implied for your application of the information shared from the training programs.

I am not a financial adviser and for that reason, nothing I say or write should be taken as financial advice. This information is for informational and entertainment purposes only. I am not the owner of any of the programs mentioned on this website. I am also not connected to the presented websites in any way, shape or form. There is risk involved in trading, mining, lending, staking and investing in cryptocurrency. So any previous payments made by any website or an investment fund do not guarantee that payments will be steady and regular in the future. I am not responsible if a website does not pay out or shut down at anytime. So Join at your own risk. This information is created as per my personal experience. I do not take any responsibility for any losses that may occur. I do not give any financial advise.

Earnings and Income Disclaimer. We make every effort to ensure that we accurately represent these products and services and their potential for income. Earning and Income statements made by its’ customers and/or I are only estimates of what we think you can possibly earn. There is no guarantee that you will make these levels of income and you accept the risk that the earnings and income statements differ by individual. As with any business, your results may vary, and will be based on your individual capacity, business experience, expertise, and level of desire.









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