Staking. Can be done at major exchanges ( Binance, Kraken etc ) but safer to do it on the token's native wallet or wallets that you have the private keys to. ( Algorand wallet for Algo, Yoroi/Daedalus/ Exodus wallet for ADA and many more )."Not your keys, not your wallets" - AantonopLending. You let centralized financed apps ( Cefi ) such as Blockfi, Nexo, Celcius or AAVE ( which is Defi or decentralized finance ) hold your cryptos and they'll give you interests over time. Most profitable when lending in stablecoins where they can get up to 12% on Nexo ( 8% base + 2% by having 10% of ur total holdings in NEXO tokens + 2% for having NEXO tokens as the rewards )Note, you could also receive some free MATIC by lending on AAVE but their lending interests are fairly low compared to other lenders ( For USDC, you'll get 2.09% on AAVE but you could get up to 12% and 8.88% on Nexo and Celcius respectively )Brave browser. You could argue that this is not passive income as you are actively searching up things on the internet but this is something we all do ( I assume, we all here are frequent internet users ) on a daily basis and we don't even actively think about it. Hell, we could make BATs when watching YouTube videos so it's definitely a win. Currently have a total of 3 BATs combined on my laptop and my PC. Highly recommendedLiquidity mining? I must admit, my knowledge in this area is certainly lacking and take my words with a grain of salt as I've lost value ( my 'share' price has dropped a dollar or two but I haven't sold ) but nevertheless, I get to collect a couple of cents worth of BNB/USDT/XRPS/LINKS every morning ( so could you ) after I wake up which rejuvenates my mind a little. Mind you, I use Binance for liquidity mining.In conclusion,If you have POS based cryptos ( ADA,ALGO, DOT, VET, ATOM, NEO, SOL ) = STAKE themIf you have stablecoins ( USDT ( ew ), USDc, DAI, ) = HODL them in either a CeFi/ DeFI lending servicesAll in all, I am still a crypto noob on my long and perilous journey to become a crypto chad so forgive me if I have made a mistake or two, If you have any other ways to make passive income via cryptos pls comment below as I too would like a piece of that tasty pie of knowledge.Toddle - loo ✌️,Double Aedit: Usdc - spelling errorAnd don't forget ur moons! ty u/Arsa3108 for reminding me!2nd edit: thank you u/anykeyh for explaining Liquidity in greater depth. Here's what he wrote in the comment section that I feel like should've been integrated into the post in the first place./**LP is for long game.I won't recommend unless you have a long-term holding strategy, and only for pairs you know will succeed in the long run or you might get a lot of loss.ETH/BTC, DAI/BUSD are some of the safest pairs. STABLE/UNSTABLE are ok as long as the market goes sideway like the last 2 months.ETH/VET or ETH/THETA are great for sideway market, as chart of those alt-coins tends to be coupled but with different volatily (making it the perfect LP scenario).If you want to play it safe, PAXG + Nexo is great; the token PAXG is just an ounce of gold-backed by real gold, and Nexo offers 5% on it.Seems for me as safe as possible yet offer good ROI.**/
Submitted July 06, 2021 at 04:13PM
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