There are several ways to earn passive income with cryptocurrencies. It can be a good idea to make money with crypto without having to waste time with trading. Especially during lockdown.
Here are the best methods to generate passive income in crypto in 2021.
1- Trading Bots
The automation of your crypto trading is one of the best solutions to generate passive revenues. Rather than letting your capital sleep, why not make it work?
Setting up a trading bot only takes a few minutes and then you have nothing more to do. Your bot will monitor the market 24/7 and make trades for you.
You can use the Kryll platform to automate your crypto trading. The marketplace lists no less than 200 ready-to-use bots. The platform easy to use (a guide is available here).
A mobile application (Android / iOS) will allow you to keep an eye on your strategies.
You can register to Kryll through this link and get a 30% discount on the platform fees for 2 weeks.
2- Lending/Staking
The DeFi explosion has given rise to many new services that allow you to generate revenue by depositing your cryptos directly to these platforms.
These services can be centralized such as :
- BlockFi which promises a return of up to 6% (per year) on BTC, up to 5.25% on ETH and up to 8.6% on stablecoins (such as USDT etc..).
- Crypto.com allows users to deposit cryptocurrencies on their app to generate passive revenues: Up to 12% on stablecoins, up to 5.5% on ETH and up to 6.5% on BTC.
- Celsius: Up to 11.5% (per year) on Stablecoins, 7% on Ethereum and 4.5% on Bitcoin.
Note the yields shown are per year.
Or decentralized like Aave which allows a yield of 19.55% per year on USDT.
Rates are updated regularly. No account is required and transactions are done through Uniswap, all you need is a wallet with ETH (like Metamask).
You also want to use the mobile wallet Argent which allows you to invest your ETH in various DeFi services directly from the mobile app.
For example, Argent allows you to access Aave (mentioned above), Compound or even Social TokenSets.
3-Watching ads on Brave browser
The very efficient Brave browser enables a new approach to online advertising. By default the browser blocks intrusive ads and trackers but if you wish Brave can show you (not intrusive) ads and pay you when you click on them with a distribution of BAT tokens.
According to Brave's CEO, a user can generate $224 per year by watching ads on the browser, or about $19 per month.
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