Passive income

[C2SGuy]

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

Does anybody know of any that are not scams?

Thanks!

[FatFork]

Does anybody know of any that are not scams?

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.

[OmegaStarScream]

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.

[Davidvictorson]

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

Does anybody know of any that are not scams?

Thanks!

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.

[goaldigger]

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 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.

[Assface16678]

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 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.

[batang_bitcoin]

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

Does anybody know of any that are not scams?

Thanks!

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.

[logfiles]

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.

[BitMaxz]

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.

[fauzan Ichsan]

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

[Bureau]

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.

[GreatArkansas]

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.

[Catenaccio]

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.

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/

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 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 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.

[Ben Barubal]

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

Does anybody know of any that are not scams?

Thanks!

     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.

[shinratensei_]

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.

[Taskford]

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

Does anybody know of any that are not scams?

Thanks!

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.

[Peanutswar]

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.

[wxxyrqa]

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

Does anybody know of any that are not scams?

Thanks!

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.

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.

[OmegaStarScream]

-snip-

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.

[Apocollapse]

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.