My Crypto Earnings (June)
It's hard to believe, but the month of June is coming to an end, and that means that it is once again my favorite time of the month. This is the time that I calculate my monthly crypto earnings. For scheduling reasons, I'm doing this month's report a day early. If you are new, this is an ongoing monthly series that I write. The goal of these crypto earnings articles are to help keep myself motivated by trackings my own results and progress, and also to share in hopes of helping motivate others to begin their own journey towards financial freedom. And in the end, reaching financial freedom is my ultimate goal.
The month of June has been a wild chaotic ride in the crypto markets. It seems that there is a new bearish development that comes out each day that contributes to the prices in the crypto market dropping even further. Most people agree that we are in a bear market now, and while many are probably disappointed that it could be some time before we reach new all-time high prices. However, these periods are the best times to grow your portfolio and grow your income streams. If you put in the hard work now, you'll most likely be rewarded whenever bullish times return.
During the month of June, my main methods for earning crypto income were via crypto blogging and writing, and also crypto lending and staking. The market being in a bear type mindset has had a large impact on my crypto blogging earnings. Turns out, people don't want to read about crypto while their portfolios are tanking. Also, during the month of June I was posting less than I usually do. Something that will be improved upon next month. Usually a large amount of my crypto earnings would come from lending out my bitcoin and other crypto. With the recent turmoil in the market from places like Celsius, Voyager and BlockFi. I am beginning to re-think my strategy and pull some funds out of the lending market until there is some peace in the market.
So without further delay, let's see how I did during the month of June.
Cryptocurrency Blogging
Publish0x
As always, Publish0x has been a very consistent performer for me. Usually I will earn somewhere in the range of $30-40 per month here. But this month I earned $22.90. As mentioned above, this was a result of me writing less. Otherwise the performance was as usual. Out of all the blogging services that I use, I find Publish0x to be the easiest to use, and also having the best community. A lot of the users here become friends, and it's a very welcoming place.
My current follower count has reached 5,752 and I am gradually moving closer to my next goal of 6,000. I'm hoping to reach that goal by the end of June or July.
Publish0x Total = $22.90
Read.cash
I was happy with my performance on Read.cash during the month of June. I was able to earn nearly $30, and that was with me writing about 5 less articles than I usually do. As always, I appreciate the fact that earnings can be withdrawn instantly any time you wish. Recently I have noticed that the quality of comments that I receive on my posts has increased significantly. Perhaps there is a real community beginning to be built there.
Read.cash total = $29.70
Hive / LeoFinance
While my performance on Publish0x and Read.cash were pretty much the same as usual. My performance on Hive and LeoFinance were down drastically. I believe the first reason for this is because the market mood has become so bearish. Again, there are less people wanting to read "my bullish takes" during times of market turmoil. Also, the price of Hive and Leo tokens have dropped significantly. Which results in the amount of rewards in-terms of dollars also dropping. During the bull market, this was the service where I was earning the most, and has the greatest potential. Because of that, I will continue to post and try to see better performance here.
Hive - $18.11 / LeoFinance = $5.10
Combined Total = $23.21
Substack
As always with Substack, my goal here is not to earn any profits, but to help grow an audience that I have some control of. I don't even have earnings enabled here. While my growth here hasn't been mind-blowing, I am happy to see that follower growth remains steady, and I am excited for what the future may bring.
Substack Total = $0
Freelance
During the month of June I was writing freelance for one of the larger crypto companies in the market. And it salvaged my blogging/writing earnings for the month. However, this is a role that is on a by-need basis and cannot be depended on for future earnings. However, it was a great experience to see how some crypto companies operate.
Freelance Total = $600
Cryptocurrency Blogging Total = $675.81
Crypto Lending & Staking
FTX
I have become very skeptical about lending crypto or even having it on exchanges due to the recent market turmoil. Especially in the lending sector. However, out of all the places that we could keep our crypto to earn a yield, I feel the perhaps FTX is one of the best options. After all, there is probably a good chance that they are in a good financial standing if they are able to bail out nearly every crypto company that is having a rough time. Although, it is better to be safe than sorry. My heart goes out to those who have their funds locked up on Celsius and have no idea if they will ever see them again. Because of that, I am limiting what I keep on exchanges and lending services. Focusing more on moving funds to cold storage for the time being. With that said, FTX does offer some incredible rates and offers free withdrawals for most coins as well. I'm very happy with the service and my earnings here.
Bitcoin = 0.01102532 BTC ($223.81)
Ethereum = 0.00853274 ETH ($9.98)
Kraken
On Kraken I mostly stake out my Ethereum into the ETH2 protocol. It is important to note, that if you decide to stake your ETH, it is locked up until the ETH merge takes place. Which could be a few months, a year or more. However, I'm very happy with service and earning ETH rewards on a weekly basis.
Ethereum = 0.0118489 ETH ($13.86)
Nexo
I use Nexo mostly to facilitate my crypto loans and keep Bitcoin here as collateral for my loans. The interest I earn here is just an extra bonus on top of that. I have become quite concerned with Nexo due to the whole lending environment at the moment and am considering paying off the loans quicker than initially planned and taking my funds of the service. But, I haven't decided yet.
Bitcoin = 0.00056742 BTC ($11.51)
Crypto Lending & Staking Total = $259.16
Total June Crypto Earnings = $934.97
In June I ended up earning $934.97 in terms of US dollars. Thanks largely to the freelancing gig that I did during the month. Because a large amount of my income comes from lending, that also means that the recent market downturn had a large effect on my earnings. However, if using Bitcoin and Ethereum as the unit of account, then I am performing about the same as usual. While I am still quite far below my overall goal of earnings each money, I am still quite happy with how the month turned out. I am excited to start July and see what happens.
How about you? Are you still lending out your crypto? What are you doing to earn a crypto income?
As always, thank you for reading!
I haven't use most of the wallet you listed here, thanks for that cause I'm aware now. I also havent do lending cryptos. Aside from it you borrow from them too and invest it?