So today I wanted to do something a little bit different. Obviously a lot of you that viewed the article, you've been in the space for quite some time and you do have experience but there's a lot of new people that come into the space every day as well, who, let's be honest, don't exactly want to spend all day looking at their portfolio trying to time the market and make trades. Some people just simply do not have that time and quite frankly, most day traders lose money. So what are some passive income options in crypto? So today, that's exactly what I wanted to get into.
1.Referral links, affiliate links,
These are really simple. You can go on to binance. You can go on to coinbase and get your own affiliate link. If somebody signs up, they buy $100 from Coinbase, you get $10. For example, if somebody uses your referral link for binance then you get a percentage of all of their trades, right so I think referral links are some of the easiest things to use. Now, if you're just a regular person, it may not be the most lucrative way to earn money. I think my binance account makes me like maybe 60 to 80 bucks a month. So you're not going to get super rich off of using these affiliate links, referral links, but they are options as well. Now the second one that I think is probably more common.
2.staking
So this is proof of stake now I know once again a lot of you are familiar with this but for those who don't. I'll give you an example. So Bitcoin is proof of work obviously, miners mine they use electricity that electricity is used to actually power the a sick miners or whatever it is that you're using to produce the Bitcoin that is work. That's proof of work. We also have proof of stake so proof of stake is safe. Concept except you actually stake tokens in a wallet sometimes for a particular amount of time or a particular period. But basically, you can get a percentage back. So some pretty popular coins include piv x, nav coin Stratos red coin, cute on Liske, arc, Neb, Leo Komodo waves, most of these offer between five and 10%. However, I will say there's one that offers a very big return, you can get an annual return of up to 30%, if you use decred, but the thing is, is that you actually have to put them into a staking pool. So the stake pool allows you to participate in decred's proof of stake system without the need to worry about losses due to computer downtime, flaky internet connections or inconsistent power, but just know that you do have to put it in the pool. But like I said, staking is very simple and it's really easy to do so I didn't want it to make that the first one the first one on the list outside of reform. All systems.
3.Airdrops
Basically, in a nutshell, you hold one token, and at a certain block height, they will drop tokens to you at a certain ratio based on what you're holding. I could give you countless amounts of examples of these. So if you're interested in it, the one website that you can go to right now is you can go to airdrop alerts.com. You can see, all different airdrops where you can go what you have to hold, what if they're going to be honored by exchanges or whatnot. Now, are you going to become super super rich off of airdrops? Probably not however, just to throw it out there. ontology gave 1000 ont tokens to everyone who signed up for their newsletter and at one point, those turret those tokens were worth well over $10,000. So and that was just for signing up for a newsletter. So always keep a lookout for These sometimes you really can strike gold with them sometimes, well, you know, it's not really worth it.
4.Reward tokens.
Now, I'm kind of keeping these a little bit different from staking tokens, because staking tokens are actually you're supporting the network, whereas reward tokens, you basically just get almost a dividend in a way, right? So the first one that comes to mind is exchange tokens, you have binance, coinbase, all these other types of tokens. And basically, the more you hold, the more percentage of the overall trading volume that you will get on a daily basis. So that's one option. There's also a few other specific tokens as well. So you obviously have you know, V chain, for example, you get a VTH token just by holding that. Another one that's really common really popular is Neo, you get gas actually Neo just updated to So it used to be 3%. Now it's 5%. So you actually get more gas now than you used Do for holding Neo. And another one that's almost on the same, you know page with Neo is ontology. Now a lot of these you can go to different websites. For example, you can go to ontology Well, it's ont calc calm, and it's the gas calculator. So for example, you put in how much ontology you're holding, right? So say you're holding, you know, 3000 ontology, I'm just throwing a number out off the top of my head, you can see that the return is 8.48%, you could switch that to USD, and you could see that you'll be making $1 20 per day,which isn't really that much. But hey, it's money that you didn't have yesterday, right? Obviously, the more you hold, the bigger the rewards, but keep in mind, if we have a bull run or the price goes up, the percentage is gonna stay the same, but the amount of money in dollars that you're making is going to go up. So that's something to also consider. So what is the next one? Well, the next one is not something that I recommend. In fact, I'm not even sure if I should include this on the list as passive income, but it is an option if it's something you want to do. Do you can gamble. So there's different types of gambling websites, right? You have proof of weak hands FOMO 3d, you have EOS bet. Now I'm not supporting or condoning you guys use this or go to these at all. I personally think that crypto is enough of a gamble. But if you get lucky, there are some big jackpots to be one. However, I don't personally recommend gambling, but it's a potential chance to make some extra money. So skipping past that one, but I just wanted to throw that out there.
5.collectibles.
Now, I'm not saying that if you have a collectible, it's going to go you know, through the roof price wise, but you could get lucky and you also don't know what the value of these things will be over time. They're no different than trading cards or vinyl records. For example. I'm very familiar with that. So now you have these games like crypto kitties, right. We had a crypto kitty that sold for over $100,000 there's a bunch of newer games coming out like war riders, you have Gods unchained as well. We just seen recently that one of these gods that came out was worth a pretty hefty amount as well. Sometimes you can get lucky, you can just get a really incredibly rare character or something like that. So definitely collectibles moving to the blockchain, ERC 720 ones have a look at these, you know, some of these are free, you know, you can just breed cats and stuff like that, you know, well free but very, very minimal purchase, and it could turn out to be a lot in the long run. So just like things in the real world, you know, like I said, anything you could collect in the real world, that's now being tokenized has a potential to go up in value, you just got to keep your eyes out for the ones and you never know which one's gonna take off. So the next way to potentially make passive income, although this isn't exactly passive income once again, but it's a quick way to make money like that, and that's arbitraging. Now, they used to call it the kimchi premium, and this was when Bitcoin was trading at an insanely high premium on all these different Korean exchanges. Now, unfortunately, reading It has died down. So chances for arbitrage are not that good. But sometimes you can find different websites that will have a token at a different price. And if you can transfer those tokens fast enough, you can actually make a quick profit by literally doing absolutely nothing. Now, it's easier said than done. But one thing you can look at is these smaller exchanges because smaller exchanges are lesser known, right. And they have unreliable API connections for bots. So you might be able to utilize these smaller exchanges that have less volume to your advantage. Now you can also get an arbitrage bot if you want. But let's be real these arbitrage bots, they're, they're hidden Miss, they don't exactly work that great, right? So actually, you know what, let's give that its own category. Let's make that trading bots. Let's make trading bots their own category. So although they're a little different from arbitrage bots, trading bots, I mean, they're basically the same thing. But the thing that I want to say about trading bots is here's my thing, okay, why would a person that has a bot that's able to consistently produce profits Why would that person sell that bot to you, instead of just keeping it for themselves and just making all the money, you have to think about that, too. Now, I'm not going to say that they're all scams out there, you know what I'm saying? Like there is this, this thing over here. So this is the gun bot. And I have heard some people have had success with the gun bot, however, I do find that it's kind of a pain and you have to constantly keep tweaking it over and over and over again to make it work the way that you want it to. So it requires a lot of technical analysis and chart reading ability, and it's definitely not recommended for people that are just getting into the space.
6.mining
Mining is not exactly as profitable as it used to be back in the day. However, there are a lot of newer coins that come out newer tokens that you can kind of hop on board and figure out you know which one is most profitable. Now I understand that this time use electricity. So it's not completely passive. But where are you getting your electricity from? Maybe you're a college student and you're living on campus in a hostel. I mean, you're not paying for that, right? So there's an opportunity and if you are curious as to you know what to mine, literally, you can go to what to mine calm, and they have all of these different things right here. They tell you the hash rates, the power, how profitable it is what you can use, you know, they have GPUs, they have a six, you know, obviously a six most people don't have. So, you know, obviously, if you're a college student, you're probably using a laptop or something like that. But here you go, you can just buy some crappy laptop from a pawn shop or something, set it up in the corner and just let it mined till it burns itself out, you know, so that's a potential opportunity as well. And another one that you can do is masternodes. So essentially, what is a master node? Well, it's pretty much like staking. But the difference is, is that you actually run a full node and you're helping to support the network by hosting an entire copy of that coins ledger in real time. So because of that you are rewarded. So you can go to this website right here. And it's called masternodes. Online very similar to what to mine. And you can look at the different percentages and which ones are best for you. As we speak, you know, you could look over here, obviously, dash is incredibly high on the top of the list. So the thing I wanted to say is that, for example, dash is 7% ROI not bad, but it's pretty expensive to buy a dash masternode right now, so not everyone has that kind of money. So definitely go check the website out. A lot of these you know, you have Walton chain offering Guardian masternodes as well. Now with masternodes, you really want to try to get in early, so you sort of have to find projects that you really believe in sort of before they blow up. Because masternodes can get pretty pricey after a while. There also are a lot of real crap coins that you can you know, as well but that's basically not going to be too profitable for you. So the best thing is to try to get a masternode for a project that you really like early on, and just hottel you know what I'm saying. So moving on the next is borrowing. So borrowing lets you keep your crypto but borrow against it. So if you need some cash, but still want to hold those crypto assets, this could potentially be for you. A very popular one, for example, is salt lending, as you can see over here, so here's what you do. This is their loan process, sign up, customize, apply transfer, etc, etc. So if you're interested, this is something that you can do however, do keep in mind that it is alone. Okay, so they are gonna want that back. So just remember that moving forward. Now.the
7.lending.
So this is a little bit different. So there's a lot of different websites you can go to, for example, you have ETH land, that's a decentralized peer to peer lending application, you can lend I think, roughly 250 tokens that they have at this point, and this is really great. If you have coins that are just sort of sitting around you don't really plan on doing with them or anything like that. That, you know, you also have crypto lending bots. For example, you can go to crypto land calm, and it looks like this right over here. So you see right here it says strategic crypto lending, take a seat and enjoy maximize your returns, etc. So you can also do that as well. One other thing that you can do if you really want to, is there are margin funding options available for major coins like Bitcoin aetherium neo Iota XRP. And you can find these on things like bitfenix bit max Polonia x coin, for example. However, I would not recommend this, if you're just starting out margin funding options can be very, very risky. And a lot of people can get liquidated out of their positions pretty quickly. So just wanted to put that out there. And finally, the last one on the list is huddle. Yes, that's right. So yeah, I mean, if you have an extremely high risk tolerance and if you get lucky and if you have strong Hands. And if you really believe in something, then hottel but as we've seen, you know, people that were huddling Bitcoin from the 20 k mark, they didn't do so well. However, when you look at the grander scheme of things, I can't speak for all kryptos but for things like Bitcoin, it always surpasses its, its all time high, it always goes higher than the last high, right? So, you know, Will these other kryptos also following suit? I can't say that for all of them, you know, not every token is going to survive. Not every token is going to come back from the dead. But if it is something that you believe in, and you do get in early, you can huddle, but just also know when to take profits. Okay? Don't be stupid. All right, if you if your coin is going up, 10 x, sell a little bit, at least sell what you put into it back. All right, just be safe with that.
And that being said, I hope that this kind of helps you to know a few other options to make some passive income in crypto, you know, while your crypto sitting there doing nothing while you're at your job you don't have time to look at your blockfolio all day so that being said guys, I want to say thank you so much for coming back I hope you enjoyed the article , I see you guys soon please consider subscribing, until then peace out!