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Topic: How can i earn a passive income with Altcoins? (Read 908 times)

brand new
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November 07, 2022, 01:51:35 AM
An example is with METAISLAND.GG an open world Metaverse. This is how you earn.. You kill monsters, rent houses, earn NFTs and other rewards.
member
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You can take advantage of several features in several existing exchange platforms to get passive income in them because there are many ways to get it all, but to be able to get large passive income, our capital must also be large because some percentages such as staking lending have a small percentage because if we want to earn more it is better to trade.
passive income is something that you generate all have through a wisdom it is a wisdomatic human being that knows how to create a means of survival lending someone money is another way of passive income and here it is something that involve much money 4 distribution and the smaller percentage will be made or make every time business or someone want to learn from you
legendary
Activity: 2002
Merit: 1016
Hi,

i wanted to create a passive income with the crypto.com lending. But they changed their terms, so i would need a lot more money to get the same result as before (with my plan i would get since middle 2025 ~a monthly passive income).

So now i'm on the search for alternatives. What are your ways to generate a passive income with crypto?

I've thought to hodl BTC and ETH. But i could make a passive income with altcoins (doesn't need to be a monthly income every month; but perhaps ~60$/month) with a one time investment. Those earnings i could swap regulary to BTC.
This would be my, let's say 'minimum-idea'. The best would be to generate a passive monthly income. If you have some ideas for that where i don't need a million or so dollar to realise it, would be even greater  Cheesy

Thanks,
dissi_xD

You need to be aware of the fact that cryptocurrencies are still not a mainstream currency, so buying them alone is a risky investment. Any indirect function that cryptocurrencies perform will depend on the basic price. I think you should focus more on what a given cryptocurrency is useful for, not on the percentage of profit you can earn from loans.
hero member
Activity: 2800
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The easy and safe thing we do for earnings with altcoins is to use it for staking, even though the market is still red but I can earning from staking in some top exchanges and dex exchanges, besides that if we focus on the long term then use altcoins for staking is the thing better.
Yes, staking is one thing we can do in times of market conditions like this to keep making a profit,
but then again not everyone can do that and they also need to consider,
Top altcoins like Ethereum, BNB, or Matic I think it's worth buying and suitable for long term investment
Staking should only be done to really good top altcoins that have a good future ahead. Not just any stake able altcoin in the market fall under this category so I believe we should careful in choosing what coin for staking.

Matic will be good, its cheap and staking MATIC is also available even on binance itself.
If unsure, he could also be using the stablecoin staking,  this I think is good to do in bear market unless he picks a project like Luna. Stablecoin staking is less risky than altcoin staking and all he needs to make sure is that his coins stays in his custody, I'm not sure if there is something like this however.

Maybe to some platforms. I have not tried doing it on WAVES exchange but what I stake in waves.exchange are WAVES token.
member
Activity: 173
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The easy and safe thing we do for earnings with altcoins is to use it for staking, even though the market is still red but I can earning from staking in some top exchanges and dex exchanges, besides that if we focus on the long term then use altcoins for staking is the thing better.
Yes, staking is one thing we can do in times of market conditions like this to keep making a profit,
but then again not everyone can do that and they also need to consider,
Top altcoins like Ethereum, BNB, or Matic I think it's worth buying and suitable for long term investment
Staking should only be done to really good top altcoins that have a good future ahead. Not just any stake able altcoin in the market fall under this category so I believe we should careful in choosing what coin for staking.
hero member
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Vave.com - Crypto Casino
Hi,

i wanted to create a passive income with the crypto.com lending. But they changed their terms, so i would need a lot more money to get the same result as before (with my plan i would get since middle 2025 ~a monthly passive income).

So now i'm on the search for alternatives. What are your ways to generate a passive income with crypto?

Well, I would just to tell you that never think about passive income here, in crypto. You may consider this as other sources of income but not a so-called -passive. Why?
 - profit assurance - due to price volatility and it also depends on the investor

We can't just simply think that investing in crypto will make us rich. We have to erase that mindset as this could be the reason for our failure.
We can do trading as perhaps a good earning way in here but yeah, it requires knowledge and skill, and I'm not sure if you can manage the stress of doing this. 
Let's put that thought aside, this is not a place that can make you rich quickly without having to do anything.

If you are determined to invest for a long time then you can use staking on famous exchanges, the reward you get is the token that you stake, staking will help you increase the number of tokens for you. In a bear market, it would be nothing even a loss. However, if you can get in a bull market and your coin performs well, you will see a substantial amount of profit.
legendary
Activity: 2590
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Leading Crypto Sports Betting & Casino Platform
One of the best ways of earning passive income is by trading cryptos. It does not need to be on full time basis. It could be periodically when you feel the volatility of the market could be favorable to you. Trading on full time basis would need a lot of computations and graphs as well as luck to make the right trades.
What happens is that operating in this way is trading and practically it is like betting, it is not a bad thing, but it will also leave everything in the hands of volatility, and really taking the course of volatility is like entering a casino and give yourself the opportunity to leave everything to chance, for me in gambling I accept it, because it is something that you already know you are going to have fun, but in terms of trading and investment you cannot and should not leave everything to chance or random, because for that there is the analysis that one does oneself, it is the best that can be done, however, of course this is my thinking.
copper member
Activity: 389
Merit: 1
One of the best ways of earning passive income is by trading cryptos. It does not need to be on full time basis. It could be periodically when you feel the volatility of the market could be favorable to you. Trading on full time basis would need a lot of computations and graphs as well as luck to make the right trades.
hero member
Activity: 3080
Merit: 603
Yes, staking is one thing we can do in times of market conditions like this to keep making a profit,
but then again not everyone can do that and they also need to consider,
Top altcoins like Ethereum, BNB, or Matic I think it's worth buying and suitable for long term investment
If you're for Ethereum, stakingrewards.com suggests top 10 staking providers.

1. Binance staking - custodial
2. Kraken - custodial
3. Bitcoin Suisse AG - custodial
4. Stake DAO - decentralized
5. StakeWise - decentralized
6. Guarda wallet - decentralized
7. ANKR - decentralized
8. MyCointainer - custodial
9. Cream Finance - custodial
10. Blox Staking - decentralized

You should understand that if you're fine for holding it, you should just hold it. But if you're also trying to make out from it while holding it, you can stake it but make sure that you choose the right platform and understand what custodial and non custodial means and as well as centralized and decentralized. Based on the info from the website, all of those altcoins that you've mentioned are supported in ANKR and MyCointainer.
full member
Activity: 1064
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The easy and safe thing we do for earnings with altcoins is to use it for staking, even though the market is still red but I can earning from staking in some top exchanges and dex exchanges, besides that if we focus on the long term then use altcoins for staking is the thing better.
Yes, staking is one thing we can do in times of market conditions like this to keep making a profit,
but then again not everyone can do that and they also need to consider,
Top altcoins like Ethereum, BNB, or Matic I think it's worth buying and suitable for long term investment
sr. member
Activity: 1008
Merit: 366
There are some risks on alt coins. Price could dump anytime and is this bear market situation, anything could happen.
In this situation, we could only rely on stable coin staking. It may have less APY or ROI compare to those Altcoins, but with that comes the minimum risk. There are good amounts of well known platforms which provides this staking option.
member
Activity: 234
Merit: 10
The easy and safe thing we do for earnings with altcoins is to use it for staking, even though the market is still red but I can earning from staking in some top exchanges and dex exchanges, besides that if we focus on the long term then use altcoins for staking is the thing better.
I'm against staking in the bear market or red like you said. The reward isn't worth the time your coin lock behind an amount of time when the market under strong volatility which you can be mitigated by cutting loss and pulling out. Or by sell and buy back it later when it dips further if you want to hold that coin in long term, net in term of that coin.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
Of course, it's not a good idea to hold coins during a bear market, but not everyone gets out in time when a bear market occurs. For those who have not had time to cashout and still hold, I think instead of holding them in the wallet and doing nothing, we can take it to staking to increase the number of coins.

At the same time, you need to carefully choose a platform for staking, if you still decide to increase the number of coins in this way. It very often happens that an investor sees a large percentage of profitability offered by a dubious platform and decides to place his coins there for staking and as a result of such a decision loses his money.

In general, the best solution is to receive passive income from staking such coins that you do not need to withdraw outside your wallet using the Proof-of-stake algorithm.

I only stake on reputable and trusted platforms like binance, houbi, kucoin... There is no reason to bet on new and unknown platforms, only projects and platforms with matching APY will be selected. not too low and always be wary of platforms that pay unusually high APY.
I think your advice is very good, but I want to ask you something, do you have these plans in your portfolio? I mean, if you are currently enjoying the benefits of staking on those sites, for me one of the most reliable has been Binance, but honestly I have never staked there, I have only staked on a decentralized exchange called Biswap and the truth is that it is not not bad, but I would like to know opinions about binance, and how long have you been there and if the profitability corresponds to the one they put there? and also when the market is bearish? how do you put all that? Does the staking increase or is it just static?
full member
Activity: 910
Merit: 100
passive income on altcoins is very easy to get, one of the popular ones is by staking,
many altcoins with features like this, even Ethereum will also be staking, or the easiest way is to register on Binance,
because there they have an easy staking feature and very user friendly.
sr. member
Activity: 1526
Merit: 255
The easy and safe thing we do for earnings with altcoins is to use it for staking, even though the market is still red but I can earning from staking in some top exchanges and dex exchanges, besides that if we focus on the long term then use altcoins for staking is the thing better.
legendary
Activity: 3010
Merit: 1280
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There are a lot of ways to earn passive income in altcoins you can do trading
Trading is considered an active income because you need to spend time checking the market to buy and sell with profit.  But if you invest in bot script then it can be considered passive income because you let the bot do the trading but I think it is trading with the use of a trading bot.

, you also do staking but you need to search or investigate first the staking platform before you do staked your coins, because in staking you need to trust the platform because you will give them the permissions to hold your asset, so in order for you to be safe from scam you need to do research the platform that you will used on staking your coins.

Staking is indeed a passive way of earning income with altcoin but it is very risky because our fund is not in our hands.  There are lots of cases where the project that offers the staking do a rug-pull in order to exit scam and take a run with the investors' deposits.  So we need to be very careful if we want to venture into this kind of investment.
newbie
Activity: 266
Merit: 0
You can search for great projects and try to predict what will be the next trend or which project has a potential
I think team and roadmap are important but the tech part of the project matters, but marketing matters too and it's even more important... again no product - no people, no income
I can definitely recommend you to check out Point Network
Pretty sure that you'll be impressed

yeah point network is nice, their roadmap is impressive
MiF
sr. member
Activity: 1442
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Hi,

i wanted to create a passive income with the crypto.com lending. But they changed their terms, so i would need a lot more money to get the same result as before (with my plan i would get since middle 2025 ~a monthly passive income).

So now i'm on the search for alternatives. What are your ways to generate a passive income with crypto?

I've thought to hodl BTC and ETH. But i could make a passive income with altcoins (doesn't need to be a monthly income every month; but perhaps ~60$/month) with a one time investment. Those earnings i could swap regulary to BTC.
This would be my, let's say 'minimum-idea'. The best would be to generate a passive monthly income. If you have some ideas for that where i don't need a million or so dollar to realise it, would be even greater  Cheesy

Thanks,
dissi_xD
There are a lot of ways to earn passive income in altcoins you can do trading, you also do staking but you need to search or investigate first the staking platform before you do staked your coins, because in staking you need to trust the platform because you will give them the permissions to hold your asset, so in order for you to be safe from scam you need to do research the platform that you will used on staking your coins.
member
Activity: 140
Merit: 20
for some people to earn passive income from altcoins is very difficult. unless you have a large number of stablecoins and then you bet like on binance. But for those with small capital it will be difficult. I myself can get a decent income but it can't be said to be passive income. High risk is one that must be faced in alternative coins. So I myself do not choose to invest long term in altcoins. and I actually only trade on a medium scale. i.e. enter in a coin that is hype or will be hype and exit or sell when it is profitable, usually at the peak of the hype or when the hype is still going on. Don't wait for the hype to end.
sr. member
Activity: 2828
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win lambo...
Hi,

i wanted to create a passive income with the crypto.com lending. But they changed their terms, so i would need a lot more money to get the same result as before (with my plan i would get since middle 2025 ~a monthly passive income).

So now i'm on the search for alternatives. What are your ways to generate a passive income with crypto?

Well, I would just to tell you that never think about passive income here, in crypto. You may consider this as other sources of income but not a so-called -passive. Why?
 - profit assurance - due to price volatility and it also depends on the investor

We can't just simply think that investing in crypto will make us rich. We have to erase that mindset as this could be the reason for our failure.
We can do trading as perhaps a good earning way in here but yeah, it requires knowledge and skill, and I'm not sure if you can manage the stress of doing this. 
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