Bitcoin Forum

I've tried a couple passive income schemes that turned out to be scams.

Does anybody know of any that are not scams?

Thanks!

Passive income ideas that are actually legit do tend to need some money or work upfront before they start making you cash.  If it sounds too good to be true with promises of easy passive money requiring no investment at all, it's likely a scam.  But passive doesn't mean no effort ever, just that you don't have to constantly work to keep the income flowing once you set it up initially.  The best passive income path comes down to your personal skills, interests and funds available.  As one example you can invest in cryptocurrency and generate passive income through staking.

There are plenty of ways to make passive income, but are they worth it? Locking your funds in a smart contract, or an exchange for some period of time to get some returns might sound lucrative but there is always a risk associated with it. Even if the project or exchange involved is not a scam, there is always that risk of a "hack". This is all assuming that you have enough capital to generate some good returns to start with.

If you really want to get passive income with crypto, I would focus on building something that could generate that for you instead of going with the above. An useful app, a blog or news article, etc.

There's crypto lending. And just FatFork has already said, you need to put in some money upfront. While I think it is a decent way to earn, there's risk involved too. So you need to do your research  before venturing into it. Someone on the forum already does it so check out that board and see how the activity goes. You make money from the interest on it.

Passive investments can be your passive income though the risk may varies depending on your chosen investment.
If you are going to invest and just hold Bitcoin, you can consider that as a passive income in long term holding as the price rises but of course there's still no guarantee for that. Staking can also be a good option, especially if you have enough funds to stake big money. You can also consider investing on stocks that offers dividends from time to time, and you can consider that as your passive investment for long term.

Well, I agree with you about bitcoin holding and staking as a good source of income, but I do not think these two will be considered passive income because passive means it will frequently bring or give you a profit, but because bitcoin holding can be too long or long-term, and also because staking is long-term as you need a certain period before you can claim your money from it. I think those passive incomes I can recommend are the new innovation right now, which is AI or trading bots, but of course it's too early to say that it could be profitable to you. Well,  I think many users here could suggest a more convenient way of earning through passive. But yeah, if you could consider staking and bitcoin holding, it can be good. You will put minimal effort into that; you just have to wait and, of course, monitor the status.

Check out the platform if they're for real, maybe you have deposited to the wrong ones. Exchanges that have interest deposit features and as well as launchpools got to be one of the passive income. But, you are giving your coin's custody to them and you get no private key or seed back from doing that. Many does this but you have to understand it first and the risk is there by allowing them to own your coins once you have deposited it. I do this but not with so much amount and only the amount that I can afford to lose and I am aware of that risk.

I have seen some genuine passive income opportunities around such as staking, but when I look at the APYs, I would rather just buy and hold Bitcoin or any good top market cap coin. You might come across some with very high APYs, the truth is that the risk is high too and the worst thing is having to keep the coin locked in an exchange or custodial service. Services like Celsius network that had lending, borrowing and staking offers declared bankruptcies at some point, shutting down with clients' money and leading to huge loses.

It's not worth it to invest and risk to stake to any exchange you don't have full control of your investment like they said not your keys not your coins.

If you want a passive income and you have a low to free electricity rate the only passive income that is worth investing is by mining you need a hardware unit to mine BTC or any profitable coin to mine it is far from a scam since you are mining with your own.
Plus you need some skills to maintain your unit so that the unit will last long.

investment becomes my passive income, but this cannot produce every month, so it is for the long term, if we want passive income within the time limit, we can do staking, but this also invites risk, at the time of distribution happens, the coin price actually crashes. If we are good at short-term trading, maybe it can be used as an alternative to get passive income every month

Buy Bitcoin and then continue with DCA ( Dollar-cost averaging bitcoin) and after a period of time you will have a good amount of satoshis in your wallet. There price of those satoshis will grow organically and you will earn a good passive income. Don't rely on anything else in the crypto market other than Bitcoin.

Since you are in the trading discussion section - how about trying some copy trading feature on some exchange, where you just put how much money you will put to copy all the trades of a trader there and leave it? But this will not guarantee profits as it will still depend on the trader's profits also. So it's still risky but the way it is becoming a passive since you just leave it.

DCA to accumulate more satoshis, bitcoins for our portfolio is good. With DCA, we have better control on our capital and psychology against volatile market. We will be less affected by fud, news and market manipulations.

The DCA strategy is helpful for investors in accumulation through a long time and the chart of Satoshi per dollar or renamed it as Satoshi purchasing power chart, shows that our portfolio value can increase considerably with DCA too.

https://charts.bitbo.io/satoshi-per-dollar/

If people want to get passive income by converting bitcoins to Wrapped Bitcoin tokens, that are not bitcoins, they are doing bad practice. It is risky that they migrate from actual bitcoins to wrapped-non-bitcoin tokens, just to hope that they will get good passive income from promised high APYs.

In the end, they might lose those tokens if that DeFi platform is scam, or these tokens can lose its value and their portfolio value will become zero or lose significant value. The drop of CRV token recent days is a warning for them.

If they have bitcoins, hold their bitcoins to get passive income with bitcoin only. They don't have to do any extra thing, just holding.

     If you are observant, I am sure you will see that you can get a source of income here in the crypto space. But if you only rely on the answers of the communities on this platform, I don't think you will grow fast. Yes, let's say that what others say may be right, but it is better that you discover it yourself.

     What is the main reason for us to make a profit in bitcoin or crypto? right in the trading category? That means we must have knowledge on this matter for us to have a profit as passive income. But that always depends on the depth of your trading knowledge.

there's really no such thing as passive income to be honest unless you have millions in your bank account and you led a trusted fund manager of yours manage it even then its still exposed to risk and you should do your own diligence and judge whether its going well sometime.
the key to passive income is always how much capital you can risk and try to make these capital work for you, investing is also one way like investing in bitcoin but sometime it requires your intervention if the price moves significantly and you wanna take profit.

other than that have you heard about launchpool in binance where you can simply just stake your money in form of BNB or FDUSD usually and get that share of new altcoin thats about to be listed in binance and you can sell it afterwards and such event not only limited to binance, bybit, okx, bitget, all have similar events you just sometime need to observe some news or event that they advertised.
its pretty good alternative because usually its relatively risk free other than the usual fluctuation of the coin rate but overall pretty good for people that want to earn with minimal effort.
meanwhile staking stablecoin could work too but as I said earlier capital is the key with those low APY.

Don't easily believe on passive income schemes on crypto since none of these platform exist. What you can always find are those scammers offering to good to be true return of investments to their victims. But if you really want to earn good cash from crypto then try to learn trading or invest on bitcoin then hodl. But if you can't afford to take the risk on those two options then try to work then offer your skills to people seeking for people who can work for them.

Also try to earn more knowledge about crypto since for sure once you have enough knowledge to deal with the risk on everything related to this industry for sure all possible actions and decisions you do will convert into good income to you. It make take time to learn from this but for sure if you are consistent and show some willingness to learn then for sure gaining from crypto is really possible.

There's a lot of other way to have a possible passive income, people recently tend to be a VA or doing outsourcing though it's not too much a passive income but you are letting other people doing the job assigned to you which is more knowledgeable on that. Beside that you can make an investment with the real estate and other asset that giving you a passive income. In crypto seems hard if you don't have any background on it, seems the possible passive is handling a long term investment and get ride with the market volatile.

I believe that you are too radically denying the real opportunities to receive passive income in cryptocurrency. At least everyone can take advantage of staking their coins and make a profit without trading or transferring their assets to dubious resources. For example, a trust wallet is one such opportunity.

For sure. WBTC is definitely not bitcoin, I was just talking about crypto in general, and the ways one could earn passive income, and the risks involved and not specifically for bitcoin. Using WBTC obviously adds another layer of risk, that can easily be avoided.

If you want to earn passive income, you can lock your exchange's native token or specific stable coin to participate launchpad or launchpool, even though you carry the risk of holding coins in centralized exchange, but the reward is worth it.

I value popular centralized exchange is way safer than lending sites, staking in smart contract seems quite safe too, but the reward isn't that high.

It is not passive income either because holding doesn't increase your bitcoin holdings in any way but in terms of fiat that may give returns.

Since OP is looking for passive income then better look for the traditional methods because in crypto which is not worth the risk like staking or casino bankroll investment due to the nature of price volatility and there is always risk of the platform becoming scam/hack.

Mostly it appears you are looking for a scheme to getting rich quick and so you will fall pray to scammers too often as a result, if you are more concerned on realistic earnings over a period of time, chances are that you are very likely to meet good schemes that will most likely turn out as you intend they should for you but when you keep looking foe scheme with mostly unrealistic out comes then it may not really turn out fine because only most unrealistic ventures turns out to be scams in the end. when looking for sources of passive income, make sure to understand whatever it is you are venturing, that way you have a better chance at the investment and the knowing what to do and what not to do at every point of the business, suggestively i know you can trade passively especially if you are a position holder, you will be able to achieve a whole lot that way but you will make sure to learn the act of trading well before you venture into it so you dont get to see it as one of those scam you did mentioned because if you are not skilled enough you may loose some good funds trading.

What kind of passive income schemes did you try to do? Maybe you can share so that you can prevent other people from getting victimized too. It's important that you manage to have security in place and there are a lot of places that you can check but it needs to have research done with the specific schemes to prevent losses.

Even though you take on the risk of holding coins on a centralized exchange the returns can be appealing and 

for instance, I locked up some BNB last year to participate in a launchpool for a new token.  The APY was around 40% at the time, which was far higher than the staking rewards Binance itself offered.  And by committing my BNB for only 30 days, I earned a decent amount of the new token as passive income.  Of course that new token could end up being worthless, so there was risk.  But it was a risk I felt comfortable taking for the potential rewards.

The key is balancing the risks and potential upside.  I dont put all my crypto into these yield opportunities, but allocating a small portion can generate some nice passive revenue.  Just be careful and do your own research before committing funds to any platform or program.

Its most recommended way for passive income by joining launchpool or launchpad, usually Binance and Bybit are the most exchange launching the launchpad or launchpool program every month and worth it by holding or staking stable coins from USDT in Bybit and staking BNB or FUSDT to earn new coins in Binance.
Less risk when joining launchpool by staking stable coins but if want get bigger reward allocated stake BNB is better or altcoin its self if joining launchpool in Bybit. I have earned consistent passive income every month with BNB staking in Binance, stake around 10 BNB every launchpool moment has potential earn around $100 to $200 depend with how long keep holding that coins launchpool after listing on the market keep hold it for few days later.

You have to consider the risks of holding any crypto currency. Income other than current income can be considered as passive income. Many times it is seen that trading passive income requires a lot of hard work and money and spending and sometimes it is the opposite. Income can be earned in a short time if one can use one's own labor and talent. Failure to understand the risks will not guarantee profits for traders.

If we are cheated while making alternative income, we will lose more than our income, so it is very important to check a site before trusting it. There are many alternative sources of income but you have to find out what you can do. Some may invest along with their main profession and there are some people who complete their main work properly and do all other business including trading. It is wrong to think that only online income is the source of alternative income. You can also focus on offline income if you want. Suppose you work there your job duty is eight hours the remaining time you can spend in trading or if you want you can do a farm in your house or fish in pond these are your alternative sources of income. Best would be to discuss here which alternative source of income is right for you at your convenience, hope you get positive feedback there.

What you did is one way to have passive income using Binance and Bybit. Many people follow this way and earn some tokens or coins so they can sell it when the tokens or coins release. That is good if you can earned consistent passive income every month and that can helps him to try but he must learn before he decides. Staking 10 BNB now is too big and not many people can do that but the reward is good. Perhaps he can try with small BNB first and see how it is happens.

That passive income works for many people and that will be additional incomes for them so they don't have to trade daily to earn profit. They can wait for a while and check the new tokens or coins they gets and sell it to make a profit.

Good idea, and I am a supporter of it, but it is not what is normally understood by passive income, although it is. Normally it is something that gives you extra units from what you already have, like if you have 1 Bitcoin and you deposit it in a place and it gives you 4% APR, so at the end of the year you will have 1.04 Bitcoins.

But if you buy a bitcoin today at $66K and sell half of it when the price reaches $132K, you will have obtained $66K of passive income and you will still have the initial $66K of Bitcoin purchasing power left. And all in all you will have only made a few clicks to get it.

Most passive incomes out there always turn up to end up as scam, for me to avoid being Dissapointed by these schemes I will prefer to hodl bitcoin,  one of the reason I prefer doing this is because my money is safe and I will definitely get the profit I'm looking for.Trying to get passive income from a centralized scheme it is possible for one to lose money at the end of the day.

If thinking of a passive income schemes to invest it should be one that you have control over  your money,  this is one of the criteria of involving yourself in a good passive income scheme. If it is a scheme that people manage your investment for you, then I will say it is not something that you can truly trust because anything can happen.

The latter is better.

It's hard to find platforms that will give you that 4% APR for BTC, I mean you can find one platform but entrusting them your BTC is the harder part.

I agree.

I'll choose the slower part but I have control over my money, my BTC.

Passive income used to be a big thing in the traditional finance but you know greed is the fastest way to catch a prey who loves money too much. Scammers are using that campaign to catch potential victims, set up a website and then give them something too good to be true, their brain will tell them that it's "good to be true" but they wouldn't listen, they will rather listen to their sense of money and then agree to for 20% annual return which is absurd.

If you want some honesty, passive income return is low but you can enjoy it when you have huge money. Some people will stake their coins and get 7% ROI than hold, this is how they make more coins both in bull run and bear market and it's really good for long term but it can only be beneficial when you have huge investment. Let's say for instance you have 10k sol, let's say you stake it at $150($150m) per sol and then with 7% annual return, you made 700 sol and the price probably go as high as $400 per sol, if you sell your sol at that price, you will make $280k from staking alone, you still have a capital of 10k sol which you bought at $150 and sold at $400, that's another $4m, total return on investment is now $4.280m.

If you subtract your capital from your profits, that's a whopping profit of $2,780,000 for staking, this is what more money brings as passive income for staking.( This is mere assumption, real situation might have some effects).

Maybe I was wrong but I suspected that you are investing in a quick rich scheme that usually appears on social media platforms showing a lot of money to grab attention and it is very unfortunate that you become a victim of this big lie and scam. This is why you must know whom to trust and the project you invested in as these scammers will target people who are innocent and weak, so don't rush to make a decision instead, do some research first.

You'd rather invest in bitcoin, not altcoins or any hype projects if you are looking for passive income. And most of all, change your mindset when it comes to investing. Passive income never makes you rich instantly but this will continue giving you money until you stop. Therefore, you will be careful about those investments that offer you huge ROI every day, it never happens in real life.

If you are just focusing on investment then there will be more scam in case of investment in new coins but with old coins there is no chance of getting scammed so I think you should invest in old and top coins so you can get good revenue if you understand about the investment and have patience.

In the field of crypto one can gain a good amount of passive income but for that he should utilize his own money in order to increase it with the passage of time but most of the people desire to earn with the mechanisms that are free of cost. Bitcoin, Ethereum, BNB and Solana are good sources of investment that can give you good profit if you understand about these coins, and think about the target value and target time up to which you will hold these coins.

There are many passive incomes outside the forum, but to guarantee that it is not a scam, you need to know about it. If you want to do it, you can register for an affiliate business, but you have to really find out about the company for the time period you want.
You can also do it another way if you are not sure about registering for an affiliate marketing business, but you must have capital to own goods that you can lend to others or rent property.

In this forum, maybe you can also do it by having enough capital to lend to those in need as one or more have done so far.

Go for the well renowned passive income opportunities. Like real estate and investing into different properties. Crypto is also a good and reliable option but only for those who have quiet good grip on the techniques and methods used to analyse these market conditions.

If you don't have the skills then real estate is the best option to go for it will give you some good profits.

I also guess so, what OP is looking for are projects that promise to bring high APY&APR, but unfortunately he fell into some traps and he still naively thinks he will find highly profitable projects without being scammed.

OP, making money has never been easy and becomes even more difficult when it comes to passive income. If it is true that you are looking for similar projects then I assure you that they are all scams or very high risk, you should immediately stop investing in similar projects if you do not want to lose more money.
You should learn how to invest long-term in bitcoin if you are serious about making money in this market. Don't be naive and have the illusion that you will be able to earn passive income or get rich from this market easily and quickly.

"If it's too good to be true, it probably is."

Don't forget this quote when you're looking at anything concerning money.

If you want 'real' yield, you're either going for those stablecoin LPs(USDC/USDT LP, etc), or those LP tokens of specific protocols like GMX's GLP, Hyperliquid's HLP, etc. These yields are obviously lower than the scam ones, but you know the money is 'real'.

One of the greatest you could ever find right now is ETH staking. Why? Well it does give you about 5% a year on just ETH, plus whenever ETH price goes up then you are making a profit as well.

So, let's assume that for just a moment you invest 100k into ETH, a year later you have 105k just based on what ETH you are given, and if it goes up just a mere 10%, then you already have 115.5k as well, that's a very good return, but calculate that over 10+ years and you are going to realize how rich you could be. I am not saying that there aren't other ways, but to me something like this is by far the best option and I believe that it should be something that we could all agree as a great way to make money, plus you do not have to trust anyone to do it so you can't be scammed.

Here in the crypto market, there are many ways to make passive income firstly you can mine crypto not every coin you can mine but still there are a few that can be mined, secondly if you have good capital go for the staking there's a good return based on the platform you are using (there's high risk due to volatility in the crypto market), secondly you can do another thing if you have good capital and that is buy and hold with good buying and profit booking strategy obviously there is some risk as security, volatility etc etc.

          -    In this day and age, it is very difficult to have passive income, especially if you are not a skilled person or resourceful enough to have a source of income. But if you are a resourceful individual, it is also guaranteed that you will not lose a source of income every month.

If you are here in the field of cryptocurrency business, there are also many ways for you to have passive income here. If you only have holdings that have crypto potential apart from Bitcoin, you can have a passive income through staking/farming, trading, and skills related to the technology that exists here; the others are bounties, campaigns, and airdrops. But the risk is high because this is where the scammers come in, so you have to be vigilant and careful.

People will tell you to delegate, stake, deposit in exchanges to earn interest and easy money from them. I won't object but what I'd like to tell you is before you do any of them, you have to know the risk that they have. The risk is you're giving them the whole trust of your fund and whatever happens to them, they might reject to refund your money, that's it.

I agree to this. Owning a real estate will have you two things or maybe three but here's the gist;

1. Yearly appreciation of the real estate value. So, that's still passive income and it's to be the known one of the best assets in the world.
2. You can have passive income through renting it.
3. You can pass it on to your kids or whoever as an inheritance.

The idea of earning money while doing nothing is what is said to be passive income, it seems tempting and hence you will likely find scams if you randomly go about searching for it.

In my last 8years on this forum I have been looking for proper methods for this. Most of them have a <10% per year interest rate.

1. Investing in a casino bankroll. Not many casinos allow this anymore, but a few still do and they are not bad.
2. Holding bitcoin for years and stacking up more every dip - not exactly a passive but a worthy one.
3. Staking altcoins - NOT recommended.

Check out this thread by @mindrust
[GUIDE] Best Crypto Investment Opportunities for Passive Income -2024  (https://bitcointalk.org/index.php?topic=5492449)

You have to be very skilled at getting passive income, which will make it much easier to get the source of income. It is crypto trading or investment or any other means. Since you are regular in this forum, you start invest bitcoin and with some crypto token. Keep Bitcoin in a long time and invest in the market for a short time crypto token.

Actually, there are many ways to make passive income, it's just that we need to look for legitimate ones, if you are deceived then you are too trusting in the large APY but this turns out to be a scam.

You can do staking, lending or detailing tokens on DEX/CEX you can also join launchpools on some well-known exchanges only this requires large capital so that you feel passive income.

But never risk funds on an unfamiliar platform or give unreasonable interest then you need to be careful this is usually a scam.

What you suggest will actually make the OP confused because the OP is a beginner who has become a victim of fraud with the promise of passive income, even though it is not. And the suggestion to buy Bitcoin and then store it for a long period is indeed good because it can be considered an investment in our own future. But trading will clearly not be easy enough for a beginner who has become a victim of fraud for something, so he must have time to hone his mental and abilities through study and also through several other sources that can motivate him to rise from the downturn he has experienced, mate.

For passive income you need to have a good job or build a business otherwise you can't have passive income. Crypto investment or trading cannot give you passive income. You will lose if you are a professional in trading and in trading you cannot guarantee how much amount you can profit every month. When your income is not stable then your income cannot be called passive income. There are a lot of scams in crypto and those who are careful can avoid scams but cannot avoid losses if trading.

In present time we must arrange other income besides our job because our life is going on now war is going on it is definitely more difficult for us because we need money for everything from running our family to educating our son and daughter so we must  Income needs are of course different for every job as well

Mining and betting probably. I do not know, I am interested in it myself

For me, I don't use crypto for passive income but it's more for short profits because I'm active in trading.
I agree with above like find platform APY or APR. Put your money and you can get profits percentage in month maybe.

Hamster Combat?

Why not share those passive income scam schemes here? so we can prevent playing mate .

try affiliate marketing . i am still making good passive income from this area.

How's that? Please tell me briefly.

If you are not using capital then expect some scam chances mate because that is normal  when you are looking for passive income without any capital .

But if this scam is having your money inside then best not to have joining in BS projects , there are some that available here in , in some sections so just extend your effort finding one that will suits you.

I don't know about passive income, I personally think that a great source of income is gambling platforms. In my free time I often play on https://jamsosindonesia.com/joker123moto (https://jamsosindonesia.com/joker123moto) and often leave there on the plus side. If you know how to play you can easily multiply your fortune. If you decide to register, you can count on welcome bonuses and free spins. It is also worth noting that the resource offers excellent bonuses for new users and regular promotions that can significantly increase your chances of winning. What I particularly like is its interface. All this allows you to focus on the game without worrying about the safety of your data and finances. The platform also provides a high level of security, thanks to modern data protection technologies and game integrity. In addition, the platform is regularly updated with new games and features, which allows you to always find something new. There is everything that can interest a gambling lover: from popular slots and poker to roulette and blackjack. The platform supports various deposit and withdrawal methods, which makes financial transactions convenient and fast. This is just the tip of the iceberg, more details you can read on their website, I'm sure you will like it!

Buy real estate and rent it out for a supermarket, it's profitable!

You can try staking, Yield Farming, airdrop (with research ofc), P2E games, and also try tap mini app games on telegram like Notcoin.