How can i earn a passive income with Altcoins?

[maydna]

I think the best option for you will be altcoin staking. There are many interesting projects on the market in this area. Of course, as with any investment, remember about your own research and diversification. The Binance exchange offers a very cool % for many cryptocurrencies in the long term: https://www.binance.com/en/staking However, it involves the risk of keeping funds on the exchange.

Using Binance as a place for staking altcoins is a good choice because Binance has a large list of altcoins that you can stake. But you can't expect to get profits in a short time because staking takes time to get big rewards unless you use a large amount of coins as well. But the risk will also be great if you use a large amount of money. So that will be your choice to use any altcoin to stake.

[blockman]

Others said staking/lending. This would be more like what i had in mind. Can you guys recommend me some lending/staking plattforms? And do you have some tips, like someone said not to invest in a high APY since they change it fast to a smaller APY?

For staking, there are wallets that you can do it without being associated to an exchange. The perfect example is with the Ledger wallet. If you own this wallet, you have few choices for tokens/altcoins to stake onto their platform. This is actually one of the best choice, as we know about hardware wallets, they're one of the safest and at the same time it supports staking.
(https://www.ledger.com/staking)

[Mpamaegbu]

There are staking website which are legitimate and can give maximum of 8% APY upto $10000 so literally you need to invest 10K to get $80 per month if my mathematical calculation is right.

Well, I don't know about your maths being correct or not but I know of staking being a veritable mean of earning passively in this industry. I stake and don't really care what the earnings are at the moment. Staking is more ideal than trading if one can't really trade convincingly to save one's life. For instance I've  Polypad staked on its site to earn Matic as I don't feel like trading it, and wouldn't want it being idle by only hodling it.

Well, considering the inflation rate around the world right now I will simply go with the HODL option it may not give consistent earning every month but the results are more than your expectations when it goes for years.

If you're looking at inflation, then you should stake to earn. Holding your token is idling it. The only side effect to staking is if you stake on rogue site; otherwise you can always unstake whenever you want and still have your tokens intact.

[Nrcewker]

To be honest no one shares their strategy through which they earn money.
But I could suggest you some common ways that many people often follows.
You can trade with cryptos though there is some risk that you might lose some money.
Moreover if you have some talent, then you can just showcase it, for ex - graphics designs, video editing.
At last you can do airdrops or micro tasks in order to earn some extra income.
Do a prior research before choosing any of the mentioned things above.
Wish you a good luck with your earnings.

[ilovealtcoins]

... But i could make a passive income with altcoins (doesn't need to be a monthly income every month; but perhaps ~60$/month) with a one time investment. Those earnings i could swap regulary to BTC...

Any passive income with altcoins involves primarily staking. But such passive earnings are associated with the risks of transferring your coins to other platforms, which can lead to their complete loss. In addition, the altcoin price may depreciate and the profit received from staking does not compensate for the loss thus obtained.

In a bear market like now, I think it's better to stake than hold and do nothing, the market hasn't recovered quickly so it's perfectly appropriate to stake now. All are risky so even holding so staking is a way to effectively increase the number of coins.

[RussianEnglishTranslation]

Hi,

i wanted to create a passive income with the crypto.com lending. But they changed their terms, so i would need a lot more money to get the same result as before (with my plan i would get since middle 2025 ~a monthly passive income).

So now i'm on the search for alternatives. What are your ways to generate a passive income with crypto?

I've thought to hodl BTC and ETH. But i could make a passive income with altcoins (doesn't need to be a monthly income every month; but perhaps ~60$/month) with a one time investment. Those earnings i could swap regulary to BTC.
This would be my, let's say 'minimum-idea'. The best would be to generate a passive monthly income. If you have some ideas for that where i don't need a million or so dollar to realise it, would be even greater 

Thanks,
dissi_xD

There are three major ways to earn passive income in crypto:

1. lend funds on a centralized or decentralized platform (voyager/aave)
2. provide liquidity and farm on a decentralized finance platform (spookyswap/pancakeswap)
3. stake or mine (CNDL/Ethereum)
 

[joeperry]

Earning passively is possible, there are different ways to earn passive income such as holding and staking. In holding you are just going to earn passively when the price pumps or increases from the time you have bought it and in staking your coin or altcoin amount will increase. Both have the same risk which is if the price dumps the value will surely dumps as well but for me staking is much better as your amount will increase so if you are lucky the amount you have will increase while the value of that coin also increases.

[uneng]

Hi,

i wanted to create a passive income with the crypto.com lending. But they changed their terms, so i would need a lot more money to get the same result as before (with my plan i would get since middle 2025 ~a monthly passive income).

How much percentage return are you looking for? As far as I know crypto.com offers decent, reasonable and realistic rates on their platform, just like similar investment sites such as Nexo, Blockfi and Celsius. You won't find any legit services offering much more than that. Sites offering high returns over your investments are hyips and ponzi schemes.

Another option is to invest in specific altcoins which offers higher yield, but it's not for nothing such offers exist... These coins tend to lose value as the time passes, so they pay more interest in a desperate attempt to create a temporary hype to boost the token's price. Some people think it worths, but for me it's not a good idea. Better to invest in solid currencies while earning lower interest, especially when focusing on returns in 3 years from now.

The percentage return for stablecoins was 12% p.a. on crypto.com. now they changed it to 8%. Also they made now 3 stages: the first one is until 3.000$ you get 100% of the percentage. Second stage are the next 27.000$, half of the percentage. And everything above that gets only 30% of the full percentage... When i made the plans with the monthly income the percentage was on 12% :/

Would be nice, if i get something like that for stablecoins. But as i said, i'm also happy with ~60$/month to reinvest in BTC

Usually these platforms only pay 12% apy when you fully fulfill their requirements which involve holding a determined amount of native tokens from the company on your portfolio while also receiving interest on this native currency. If you don't accomplish with any requirements, the interest rates may stay up to 8% apy or similar. At least in NEXO that is how it works. Crypto.com I'm not familiar with yet. I have an account there, but didn't invest on the platform.

What I like about NEXO is that you can access the website through desktop and their frequent, fair and accessible promotions they launch from times to times. It's possible to earn some nice extra money by referring active investors to the site.

[lobo13hf]

Then you shall go to the stable token staking. If you were putting 600 USD with good apy and you can earn good amounts of money. To be honest the result actually depend with the how much APY that offered by the pool. You can also try to farm as well.
This is the best way to get the stable income and your money will become stable as well caused by it was using stable token as liq prov. The volatility will not affect your investment.

[cheezcarls]

Technically we can earn passive income with staking. It's the most popular passive income stream in the crypto space.

Now why I have mentioned "technically"?

It's because in the world of crypto, there are no promises or astronomical guaranteed returns. You can earn native coins and tokens passively, but the prices aren't guaranteed as they are subject to market volatility. But regardless of the outcome, you can still earn passive income in coins and tokens that are either going up or down in value without warning.

[KennyR]

Ways to earn passive income out of Altcoins

• Staking
• Lending
• Mining
• Investing
• Trading

All that mentioned brings passive income upon the effort of the user. Staking doesn't require much of efforts other than picking the right asset. Lending needs a proper research to find the right platform. Mining requires a big capital funding. Investing is simple, but it has got higher risk. Trading doesn't bring passive income, one need to work on it to make passive income understanding the market fluctuation.

[Findingnemo]

There are staking website which are legitimate and can give maximum of 8% APY upto $10000 so literally you need to invest 10K to get $80 per month if my mathematical calculation is right.

Well, I don't know about your maths being correct or not but I know of staking being a veritable mean of earning passively in this industry. I stake and don't really care what the earnings are at the moment. Staking is more ideal than trading if one can't really trade convincingly to save one's life. For instance I've  Polypad staked on its site to earn Matic as I don't feel like trading it, and wouldn't want it being idle by only hodling it.

Well, considering the inflation rate around the world right now I will simply go with the HODL option it may not give consistent earning every month but the results are more than your expectations when it goes for years.

If you're looking at inflation, then you should stake to earn. Holding your token is idling it. The only side effect to staking is if you stake on rogue site; otherwise you can always unstake whenever you want and still have your tokens intact.

In my opinion staking is for the top class who made tons of money from different fields and can't able to manage all of them also don't want to keep it idle so they stake for decent returns but I am not that much rich enough to keep chunk of money in the staking platform to earn very little return comparing with trading since the value of coins and tokens can drop by 50% in an hour but the return we are going to make a year is about 10% then it doesn't make really sense to me that is why I prefer HODLing so atleast I have the access to funds at anytime so if the funds are needed to make changes with our investment plan we can do at anytime with no loss at all.

[martina14]

The only thing I could suggest is day trading using Binance, or it depends in your choice of exchange as long as you apply this methods.
Though, there is now fix income in a day, all will be depend in your skills in trading dude, so if you will focus it with seriousness passive income
will come after you I am pretty sure with it. And second is that you can stakes your assets in Binance or Biswap.

[tvplus006]

In a bear market like now, I think it's better to stake than hold and do nothing, the market hasn't recovered quickly so it's perfectly appropriate to stake now. All are risky so even holding so staking is a way to effectively increase the number of coins.

In a bear market, it is better not to hold coins at all, in this case, when the price drops, you will be able to buy these coins at a lower price. And in this case, their quantities will be several times more than what you will receive as a profit from staking.

[Mpamaegbu]

~snipped~

In my opinion staking is for the top class who made tons of money from different fields and can't able to manage all of them also don't want to keep it idle so they stake for decent returns but I am not that much rich enough to keep chunk of money in the staking platform

I'm very far by wide margin from being a money bag but I've tokens that I've staked and they're yielding daily gains. Whenever I open my dapp to monitor the progress of my staked cryptos I don't check the value. I only pay attention to the rewards in quantity of received cryptos. The tokens may not worth much now but will certainly do whenever the market picks up. That's the way I look at it. For me, staking gives me an advantage over hodling.

[doomloop]

I think the best option for you will be altcoin staking. There are many interesting projects on the market in this area. Of course, as with any investment, remember about your own research and diversification. The Binance exchange offers a very cool % for many cryptocurrencies in the long term: https://www.binance.com/en/staking However, it involves the risk of keeping funds on the exchange.

Using Binance as a place for staking altcoins is a good choice because Binance has a large list of altcoins that you can stake. But you can't expect to get profits in a short time because staking takes time to get big rewards unless you use a large amount of coins as well. But the risk will also be great if you use a large amount of money. So that will be your choice to use any altcoin to stake.

It's not that binance has a large list of alts but binance is a big and famous exchange so the security of this platform is sure to be robust and I think binance offers some kind of insurances. It works like you will get something once unexpected things have happened like if ever the exchange have been hacked and you lost all of your cryptos inside it.

If there is one risk that we will be worrying that is the instability of the cryptos that we are staking inside the exchange. We don't know what the future awaits them so we must choose cryptos wisely. If you can afford to lose big then go on and try investing a big amount but if not then don't ever think about it.

[examplens]

we are in 2022, right? This means that you have made plans so that in 2025 (3 years from now) you will start to have passive income, we are talking about that you have put your precious money on a website so that in 3 years from now you will start to have passive income. I honestly find it hard to even read what I'm writing, my question:

who guarantee you that in 3 years this site will be working? you can say that before they change their TOS you could have passive income long before 2025, but I think that maybe you will only have that passive income next year, whatever the fact is that the site has an owner and the owner can change the TOS whenever he wants and with that he can make people get hurt, so that's the worst investment anyone could make

I can't disagree with this. I would even put this as a must to consider when talking about passive income risk.
3 years in the online business is a very long period, and it is very difficult to make a stable income plan. it's not just their TOS, there are many other parameters.

also, on stable coins, APY can be said to be very low. inflation should be taken into account, so I think 8% is almost nothing for a long therm period.

in addition, it is very important whether the OP plans to spend the income immediately, or just wants to collect money in one place.

[blockman]

Usually these platforms only pay 12% apy when you fully fulfill their requirements which involve holding a determined amount of native tokens from the company on your portfolio while also receiving interest on this native currency. If you don't accomplish with any requirements, the interest rates may stay up to 8% apy or similar. At least in NEXO that is how it works. Crypto.com I'm not familiar with yet. I have an account there, but didn't invest on the platform.

What I like about NEXO is that you can access the website through desktop and their frequent, fair and accessible promotions they launch from times to times. It's possible to earn some nice extra money by referring active investors to the site.

I have read of the terms for nexo and it's really going to require everyone who wants to earn interest into their platform to hold nexo tokens. It's also based on tier or levels per account based on how many you hold it. I've thought of this platform as a good way to earn passively especially if you've got larger funds. But still, it's an exchange and you don't hold the keys and you should know that risk upon depositing there even if they are guaranteeing that they've got insurance and backed by other legitimate companies.

[MAAManda]

The only thing I could suggest is day trading using Binance, or it depends in your choice of exchange as long as you apply this methods.
Though, there is now fix income in a day, all will be depend in your skills in trading dude, so if you will focus it with seriousness passive income
will come after you I am pretty sure with it. And second is that you can stakes your assets in Binance or Biswap.

LOL , I don't think that daily trading is a good idea to get passive income, because not all forecasts actually happen, there will be times when you make profits and losses. Your second suggestion makes more sense I think, staking is the safest way (in my opinion), especially if it's done on Binance. Apart from mainstream coins/tokens, Binance also supports other Altcoins, so there will be more options for annual interest (APY).

[Vaskiy]

The only thing I could suggest is day trading using Binance, or it depends in your choice of exchange as long as you apply this methods.
Though, there is now fix income in a day, all will be depend in your skills in trading dude, so if you will focus it with seriousness passive income
will come after you I am pretty sure with it. And second is that you can stakes your assets in Binance or Biswap.

LOL , I don't think that daily trading is a good idea to get passive income, because not all forecasts actually happen, there will be times when you make profits and losses. Your second suggestion makes more sense I think, staking is the safest way (in my opinion), especially if it's done on Binance. Apart from mainstream coins/tokens, Binance also supports other Altcoins, so there will be more options for annual interest (APY).

Daily trading isn't a good idea for making passive income, because the market moves in an unpredictable way. This can bring profit/loss, but for a wee/month's accumulated passive income this can be added. Staking on Binance is a good choice, even if it provides low APY. This is all because of more staking platforms emerging around which provides with unlisted tokens that stay unlisted forever.