What is passive income?
Trading or investing in projects is one of the ways to make money in the blockchain industry. But first, you will need to study in detail the subject of your investment and spend a significant amount of time on it, which in turn still does not guarantee a reliable source of income.
Ways to earn passive income in cryptocurrency
Mining
Essentially, mining involves using the computing power of the hardware to secure the network and reward the miners for their work. This is the oldest method of generating passive income in the world of cryptocurrencies, without the need to hold the currency itself.
Staking
In turn,
Cryptex staking is a less resource-intensive alternative to mining [nofollow]. Basically, this method involves holding a control amount of cryptocurrency in a certain wallet and performing various network functions (such as verifying transactions) in order to receive rewards. A stake or share (holding a certain number of tokens) incentivizes maintaining the security of the network through long-term ownership of assets.
Landing
Landing is a passive way to earn a percentage of your cryptocurrency holdings. There are many peer-to-peer (P2P) lending platforms that allow you to block some of your funds from moving for a certain period of time for subsequent profit. The interest rate can be fixed (determined by the platform) or set by you based on the current market rate.