Passive income

[MadGamer]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

[1715505752]

1715505752

[In the silence]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Thats a great choice, I can suggest that you must read BNB, Binance and BSC. So that you will know how important BNB in their BSC ecosystem. Cake is good, it was created under Binance.

BNB has staking and vaults that has the very decent apy offer out there.

I hope I help you even little.🙂

[Refrumatrix]

Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?

[JooBra]

Binance offers a lot of passive income ways. I'm testing some of them at the moment. Will see what happens pretty soon. Maybe look yourself from one of those options.

[blockman]

Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?

This should be read by most of the people that are thinking of staking into exchanges, decentralized and centralized. You have to think of it first if you really want to stake or else you're putting yourself at risk even if that's a reputable exchange.
There are options that you can safely stake on the wallets that you really own because they're giving you your private keys like the hardware wallets and/or trust wallet.

[MrcMrc]

I don’t believe the word passive income in cryptocurrency, as the entire processes in the cryptocurrency have no guaranteed steady profits making method, it’s base on speculation, risk, and high volatility.

I could have suggested staking, trading or mining crypto, but they all come with their unique risk and peculiarities.

[Cappex]

I think there are many opportunities in the various liquidity providers so as to keep control of your coins, there are services that pay you in USDT but are centralized.
I think buying Bitcoin is still a great way to see your investment grow.

[kevindjunaidi]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

you can choose BNB and staking BNB on ​​binance, because the price of BNB will always increase, so in my opinion BNB is a coin that is worth it to get passive income from staking, because you will get two benefit from hold BNB, that is :
1. you can get passive income from staking BNB on binance
2. the price of BNB will definitely increase very high in the long term and it will give you a big profit.

[makishart]

Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?

Didn't you know the main rules in the staking? the more people join in the pool and you will get less from what you have been getting it first.
More people join in the staking progress and the more difficult to get profit from your staking. that's why so many people have been moving to get in the platform that was using very good APY like cake.
I think that it's better for OP to join in the cake staking pool program that was offering nearly 100% APY.
8% for monthly income is good enough.

[Amejoaquim]

I just have 2 passive income from crypto.

1 i got from my vga which is mining.

2 i got it from ARPA and ROSE, just staking in binance. BTW for this staking i choose to take 6 months method.

[X-ray]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

farm https://pancakeswap.finance/farms

You will be wasting your time by staking cake. You need to find a good source to get decent interest from your money. As far as i know farm is the best way to earn more passive income with very good yield.
If you are only staking your coin and you will get very small interest.

[ingiltere]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking CAKE is a good idea for you. I used Pancakeswap too many times in the past, never had a problem. APY's are really great. If you only want to hold CAKE and do staking you can also use Pancakebunny. It has greater APY and auto compounding feature. You get %30 of CAKE back and %70 BUNNY which has a great potential. You can check out the site here: https://pancakebunny.finance/farm It has audit record, looks legit.

[Cherylstar86]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

That huge amount to invest with, and if you're going to see some assurance from different coins that raged for such a long time don't fall on hype. Always choose the good potential that took over for years, because we might not get the chance to acquire x10 profit. Mostly, a trader sold their holdings because of panic and worries, that's why we must learn according coinmarketcap status.

[xtnmclain]

There are a lot of ways you can earn in cryptocurrency.

Here are the two examples of the most commonly used method

1.) Staking - Staking coins is a way to gain consistent returns on your cryptocurrency portfolio if you want to earn 1% a day. The standard holding period for staking is one to six months, but various fixed periods are available.
2.) Mining - You can profit from cryptocurrency without having to invest any capital. Bitcoin miners are rewarded with Bitcoin when they complete "blocks" of validated transactions added to the blockchain.

[Altcoinsintel]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

What do you think you can accomplish? You don't seem to have planned this very well and this is what these scams want from you. What is your expected profit? You really think that these shitcoins will hold their current price and the market will not just die after two months? I can't write this differently, I'm sorry, but all of this, all of what you see today won't last more than two three months.

[sujonali1819]

To get passive income staking is the best way for it imo. And binance has a big list of currency which you can stake there and can earn a Good interest. In this case always choose the currencies which is most potential. If you choose some coins which is giving more interest but not potential, in this case you may lost more than the interest you will earn.

Another one thing can give you passive income that is invest in casino bankroll. You can search some casino(old and trusted) has investment feature. You can try it also.


Mining is also good one but I don't know more about it. Probably others can give a proper idea about mining. Good luck

[rahmatullah9305]

Binance offers a lot of passive income ways. I'm testing some of them at the moment. Will see what happens pretty soon. Maybe look yourself from one of those options.

Yes, on the Binance exchange, there are many ways that can be used to earn income, both passively and actively, because the features and support of the Binance exchange are so great that everyone can choose what they want.

[JooBra]

To get passive income staking is the best way for it imo. And binance has a big list of currency which you can stake there and can earn a Good interest. In this case always choose the currencies which is most potential. If you choose some coins which is giving more interest but not potential, in this case you may lost more than the interest you will earn.

Another one thing can give you passive income that is invest in casino bankroll. You can search some casino(old and trusted) has investment feature. You can try it also.


Mining is also good one but I don't more about it. Probably others can give a proper idea about mining. Good luck

Reading all the replies Helium came to my mind. I was reading about it but never tried it. Does someone have experience with it since it's like a sort of mining.

[uneng]

To earn passive income from most altcoins it is too risky, although the annual interest paid percentage is high and flashy for investors with low budgets. I think the best way is to stick with strong currencies like stable coins, btc, eth, bsc. The average interest rate is 4% yearly, very low for many people, but at least you are earning it in a valuable currency on long run.
This way you can grow your money in a solid way without risking too much. But that is just my personal opinion. Each investor has their own profile and must invest accordingly to it.

[ardentvolcanoes]

I just have 2 passive income from crypto.

1 i got from my vga which is mining.

2 i got it from ARPA and ROSE, just staking in binance. BTW for this staking i choose to take 6 months method.

It's amazing, but I prefer point number one because the VGA is what works for us where we can always reap the results, for the second point I don't like it because the 6 month method in my opinion is a little long to wait.

Option 2 is long for sure but if the project performed well then the success is really decent, finding the coin / asset for that 6 months investment might be the challenging part since there are always two possibilities.
Make a mistake then your investment will lose or make a good call and gained huge amount of profits,, everything will relies from how you conceptualized your success whichever way you decide to place your investment.