What is the most used option for crypto passive income right now?

[redsun114]

what can be a really good passive income?

Investing in Bitcoin and forgetting about it is still one of the best passive income sources in this market. The methods you have mentioned have a lot of risk because the coins or tokens you will stake will be kept with a centralized platform, what if that platform faces some problems? We have seen such things happening in the past, and users have lost huge amounts of money in exploits or hacks or even shut downs.

So, investing in Bitcoin and holding for long term is still the best option that I can think of.

A lot of Investors might be holding their funds on USDT as a result of the depreciation of cryptocurrency but something to be asked is if are those doing the right thing? What's the essence of DCAing and how we can hodl to increase our assets?

Only experienced users and traders would understand that price depreciation in cryptocurrencies isn't a bad thing because it's an opportunity for them to fill their bags with more cryptocurrencies so that they can get as much profit as possible when the prices appreciate again.

[CK485]

Passive income in cryptocurrency is available but it comes with risk. Staking is the most common form of passive income and usually exchanges are the best place for staking as the returns are high. The risk is that you will never have control over an exchange wallet. If anything happens to the exchange you will lose your coins. The best thing to do is to buy good coins and then hold them in non custodial wallet and wait for the price to go up. In the mean time you can continue accumulating more whenever the price of the coins go down.

There are advantages and disadvantages to passive income you need to make the right decision, even though the profits are big, but the risk is high, sometimes it is difficult to determine it, like staking I think it takes courage from the start to start it.

[glendall]

That's right, if I had to choose, I would also choose Binance, especially if we hold the coins that support the launch, it will provide a lot of benefits from the results of the stake that we make, even though it's only 1.9%, it can provide profits.

It is a smart strategy to hold BNB on Binance exchange to receive staking reward as well as you get qualified for new coins airdrop. I also have been staking BNB since long time and received number of airdrop rewards. The same option is also available on Kucoin and Bybit where you received multiple rewards for holding their native coins. Liquid staking platforms such as https://www.ether.fi/ on Ethereum network that provide attractive staking rewards every quarter.

For Kucoin and Bybit, I have never done it because I don't have an account there yet. Is it not too difficult to register for KYC on these two exchanges?