Best Cryptos for Passive Income
Dernière mise à jour : 7 juin 2021
One of the big advantage of crypto currencies is the possibility to use DeFi (Decentralized Finance) platforms to generate passive income.
It is possible to 'stack' the main currencies and earn interest. Basically, when you stake a crypto, your coins are doing extra work by contributing to the Proof of Stake (POS) work that validates a block on the blockchain. Your staked coins are frozen for a period of time and used to validate transactions on a block. In exchange, you receive a percentage of the staked tokens as a reward.
Some coins that can be stacked are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Litecoin (LTC)
- Binance coins (BNB)
- Algorand (ALGO) (with Yieldly)
- Polkadot (DOT), etc.
There are also high interest rates offered on stable coins like USDT, USDC, and BUSD.
Exchanges like Binance also offer interest for multiple crypto coins: MATIC, SOL, ATOM, BAKE, XTZ, AVAX, ICX, MDX, TKO, KSM, ONE,OGN,TVK, ALGO, IOST, ADA, DOT, TRX, EOS, CAKE, DASH, VITE, TRU, BAND, NEAR, EZ, LSK, CELR, KAVA, DODO, ROSE, KNC, TOMO, IOTX, MIR, ARPA, LTO, RAMP, IRIS, PNT, KMD, AUCTION, IRIS, LOOM, ADX, ARK, BIFI, ONT, FIL, BNB, XEM, SUSHI, YFI, WAVES, QTUM, CRV, FIRO, OAX, NAV, COS...
Platforms like Pancake Swap (for the BSC) allow investors in new project to earn new tokens or tokens of different crypto currencies when they stack tokens in liquidity pools or farms.
Overall, the world of DeFi increase the possibility to receive passive income from investments in cryptos.
This solution is truly worth exploring as it is one of the min advantages of the new crypto world.