Earning a passive income using crypto: 5 strategies
In our latest video, we explore five methods for earning passive income with crypto, exploring the pros and cons of each one.
A sideways trading market is often an opportune moment to put your crypto to work and generate passive income. In a recent Cointelegraph video, we analyzed five revenue-generating strategies using crypto and assessed the advantages and drawbacks of each.
Staking allows crypto holders to earn income by supporting a proof-of-stake protocol. There are different approaches to staking. For example, solo staking allows you to maintain full control over your cryptocurrency but demands high technical expertise. Conversely, staking as a service lets you outsource the process to a third party, offering convenience but introducing a centralization risk for your crypto.
Crypto savings accounts pay interest on your crypto deposits, often at higher rates than traditional bank accounts. This method requires no technical knowledge but carries the risk of outsourcing the custody of your crypto. It’s crucial to understand how the platform generates interest before entrusting it with your funds.
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Author: Marco Castrovilli
