The Art of Passive Earning by Staking Cryptocurrencies

For me, the idea of creating a completely passive source of income that is truly viable,является весьма реальной.The very fact that the possibility of passive income is now quite easily attainable through many different methods has great appeal. Well, who would not like to do whatever their heart desires during the day, and at this time receive income?

Although I am not a veteran of the crypto industry, soI've only been in it for five years, but I definitely know how to do great research and use that research to find the best income opportunities.

When I first started making moves in the cryptocurrency space, I just used Coinbase for a "learning" feature that rewardsThe discoveries I made are just a few places that allowed me to complete basic tasks like spinning the wheel to earn some tokens.As I delved deeper into my research, I discovered many other ways to earn crypto with little or no cost.My main goal was to create a portfolio of passive income coins.

Warren Buffett once said, “If you don’t find a way to make money while you sleep, you’ll work until you die.” For some reason, I don't really like this prospect, and I was looking.

Прежде чем приступить к пассивному доходу, you need to do some research. Without due diligence on the various projects and opportunities, it is difficult to know both short and long term profit opportunities and the associated risks. Of course, our psychological point of view makes us want the maximum APY (annual income), even if it seems unrealistic. However, if we think logically, we will be looking for a moderate to higher APY with minimal risk. I have a few specific things that I look for when testing potential opportunities, and these differ depending on the type of offer or incentive.

There are many options thatoffer the opportunity to make money on various crypto assets in a completely passive way. While these options will vary in terms of upfront costs, they all have in common the ability to provide a stable income from cryptocurrencies. For example, one of the increasingly common methods of achieving this goal, which has been a hot topic of late, is stacking.

While staking on certain cryptocurrencies givesBenefits of pretty decent annualized returns, there are many factors to consider when deciding which currency might be the most viable option for you. This is the reliability of the platform and the stable profitability of the crypto asset. Fortunately, as I said earlier, the possibilities are wide and take many different forms.

Today I remember with a smile the time whenstarted staking Atomic Wallet with their native token for a 17% profit. Unfortunately, I didn't research everything properly and just jumped at the high profits. This mistake on my part led to the fact that I did not receive income from other, more profitable coins. As I discovered more opportunities, I ended up staking more than one wallet, and more than one coin. This is just one example of a lack of understanding of benefits, especially if you are buying coins specifically for staking use.

Fortunately, there is currently no shortage ofcryptocurrencies that offer staking opportunities with pretty decent annual returns, which average between 7% and 100% for some of the larger, more advanced projects.

The Spacebot project has a fairly solid pool, andoffers good income on BIP tokens (on the Minter blockchain) - 61%, DEL (on the Decimalchain blockchain) - 84%, BTT (Bit.team token, Minter blockchain) - 14% and PZM (own blockchain) - 18% per year ( APY). Exodus Rewards for NEO - 0.93%; EOS - 1.76% and ONT - 5.57% APY. There are also wallets such as Coinbase Wallet, StakedWallet.io, Trust Wallet and others that offer stacking of many coins and tokens.

While some projects like ETH offerstaking, they are available only to that part of traders who have enough funds to participate. Another example of this is the DeFi projects, which require 10,000+ tokens to enter staking, worth roughly $ 30,000 at current exchange rates. These staking options are mostly out of reach for the average person, but luckily there are other viable options for the average user as well.

In the end, it all comes down to the choices we make, minute by minute, hour by hour, day by day. Subsequently, this choice bears fruit.

Although I have only mentioned a few projects,which allows the average person to stake with minimal requirements, many others are available. Even many exchanges offer similar capabilities, albeit with lower returns.

But everything will depend on your choice.

Thank you for taking the time to read my article. If you have questions or anything to tell, don’t hesitate to write in the comments.