Passive income

[jrrsparkles]

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.

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.

[Zigabel]

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

Does anybody know of any that are not scams?

Thanks!

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.

[crwth]

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.

[Stalker22]

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.

[Bobrox]

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.

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.

[Roggeredek]

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.

[Litzki1990]

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.

[maydna]

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.

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.

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.

[Poker Player]

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.

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.

[Rockstarguy]

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

Does anybody know of any that are not scams?

Thanks!

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.

[boyptc]

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.

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.

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.

I agree.

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

[Antotena]

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 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).

[mirakal]

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

Does anybody know of any that are not scams?

Thanks!

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.

[AnonBitCoiner]

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.

[aylabadia05]

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

Does anybody know of any that are not scams?

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.

[God bless u]

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

Does anybody know of any that are not scams?

Thanks!

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.

[fuguebtc]

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

Does anybody know of any that are not scams?

Thanks!

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.

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.

[mk4]

"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'.

[el kaka22]

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.

[Hamza2424]

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

Does anybody know of any that are not scams?

Thanks!

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.