Do you want to receive passive income from cryptocurrency, but do not know how? Here is an exhaustive list of 11 options.
Long-term investment
This is the easiest and most obvious way to make a fortune on cryptocurrency. But it will only work if:
- IF you are not afraid to take big risks.
- IF you are lucky you will get ten-, hundred-, or thousandfold profits on altcoins.
- IF you have a cold head and strong nerves, and you can not turn gray when your portfolio becomes cheaper by 90%.
- IF we really are only at the very beginning of the blockchain revolution.
Perhaps this is not exactly the passive income that you thought about. But the first step to success is to learn how to buy and hold.
loans
Do you have a cryptocurrency that just lies dead weight? But you can lend it at interest, and there are even several Internet platforms for this.
- Ethlend is decentralized direct lending from the user to the user. The site works with 250 types of tokens.
- Trade finance with leverage for various cryptocurrencies, including Bitcoin, Ether, NEO, IOTA, OMG, XRP and others - is a service available on the Bitfinex, Bitmex, Poloniex and Quoine exchanges. If you have these coins in your portfolio, it may be worth placing them on one of the listed sites.
- Also, if you want to earn money on trade finance with leverage, but do not want to do this on your own, you can use the services of a credit bot. The most famous such service is called Cryptolend. It is enough for him to provide an API key, and he will do everything for you, just do not forget to turn off the withdrawal of money - just in case.
Masternod
Masternoda is a full-fledged node of a cryptocurrency network (it’s also a wallet for a computer) that supports a full up-to-date copy of the blockchain, for which the owner of the masternody is rewarded in cryptocurrency. An important condition: the wallet should work around the clock, without interruption.
It is most advantageous to start a masternod in the Dash network (now it brings 7% of income), only at the start you need to invest 200 thousand dollars.
If you are not ready for such investments, you can choose a more modest option at https://masternodes.online/ - there are many options.
Mining
Do you live in a dorm without an electric meter? Fine! Why not take advantage of this circumstance? Yes, actually competing with large mineinovymi companies like Bitmain makes no sense, but if you have free electricity and a decent gaming PC, it is profitable.
Arbitration
Cryptocurrency is traded around the clock, and the exchanges are scattered around the different corners of the globe. And if there is a difference in the course between trading platforms, you can earn on it.
- Thanks to the “kimchi awards” there were moments when the bitcoin on the South Korean stock exchanges was worth 40% more compared to other sites. However, those times are long gone, and many Koreans have left crypto-trading, at least for now. But this is certainly not the last such fever.
- There is an opinion that arbitration bots make a significant contribution to the daily trading volume. Such bots are beneficial in unstable markets. True, the chances of finding a working bot are small — if you had one, would you share them? I doubt it.
- Small exchanges are less known, and they have less reliable APIs (software interfaces) for bots. However, you can carefully follow the book of orders and conduct transactions manually. Large exchanges have their own characteristics - here, sudden price jumps manifest themselves first and foremost, and if you have an account on a small exchange, you can manage to complete the arbitration transaction earlier than others. To do this, you need to keep assets on both exchanges in order to be able to conduct a transaction instantly.
Rare digital artifacts
- In the game Cryptokitties, built on the Ethereum blockchain, you can buy and grow cryptocats, and a rare kitten can be very expensive.
- Etheremon is about the same, only with Pokémon.
- There are other games, including War Riders and Gods Unchained. Collecting - a huge industry, which is worth a closer look, so you do not bite your elbows.
Games of chance
POWH or Proof of Weak Hands (Proof of weak hands) is a game of chance with cryptocurrency. You contribute to a smart contract, and the more people contribute after you, the more you earn. For the withdrawal of money relies fine. Yes, this is a financial pyramid, but still fun!
FOMO3D is another game in which the last contributor is rewarded before zeroing the countdown. Try your luck, you might get the jackpot! (The last time he made 3 million dollars.) It really works!
Reward programs
- Some exchangers, for example Kucoin (KCS), pay just for keeping coins on the exchange - the market shares profit with you. This is still an unobvious and controversial mechanism; Let's see how it will work further.
- NEO is the first twenty blockchain, and in this network you are paid rewards in special tokens called GAS just for the fact that you have a NEO. It is important to keep the coins in your own wallet or on the exchange, which can take GAS for you (for example, Bitfinex does not know how).
- VECHAIN (VET) is another cryptocurrency from the top 20, where VTHO users are paid just for owning VET. Repeat just in case: keep them in your own wallet, otherwise you will not get anything.
- The ONTOLOGY project (ONT) has just launched a working network and is now paying ONG to holders of cryptocurrency.
Distribution of coins (Airdrop)
In some public blockchain networks, the distribution of small amounts in cryptocurrency to regular users does not occur regularly. Here, too, much depends on the exchange. If you control your keys yourself, you will definitely get the coins, and not someone else. If you keep airs in your own wallet, but have not checked it for a long time, you may, to your surprise, find a little OMG there.
Stacking
Participate in establishing consensus in the network, but not in the form of mining - but by betting in cryptocurrency. Unlike maintaining master codes, there is no limit on the minimum amount of participation. If you have coins from the list below, they can work for you: PIVX (PIVX), Navcoin (NAV), Stratis (STRAT), Qtum (QTUM), LISK (LSK), ARK (ARK), Decred (DCR), Neblio (NEBL), Waves (WAVES).
Referrals
Do you have a lot of followers on social media? Popular YouTube channel? A little money can be made from affiliate links of major exchanges, including Binance or Coinbaseas well as Hardware Wallet Ledger.