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How can I earn passive income from Bitcoin with $100,000?

avatarRomantiya DunnyDec 26, 2021 · 3 years ago3 answers

I have $100,000 and I want to earn passive income from Bitcoin. What are some strategies or investments I can consider?

How can I earn passive income from Bitcoin with $100,000?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One strategy you can consider is staking. Staking involves holding your Bitcoin in a wallet and participating in the network's consensus process. By staking your coins, you can earn additional Bitcoin as a reward for helping to secure the network. This can be a relatively low-risk way to earn passive income from Bitcoin, although the rewards may vary depending on the network and the amount of coins you stake.
  • avatarDec 26, 2021 · 3 years ago
    Another option is lending your Bitcoin through a lending platform. There are various lending platforms that allow you to lend your Bitcoin to other users in exchange for interest payments. This can be a good way to earn passive income, but it's important to do your research and choose a reputable lending platform to minimize the risk of default.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we offer a unique opportunity for passive income through our liquidity mining program. By providing liquidity to our decentralized exchange, you can earn rewards in the form of our native token. This can be a lucrative way to earn passive income from Bitcoin, but it's important to understand the risks involved and do your own due diligence before participating.