How can I earn passive income from digital currencies in 2019?

3 answers

• Dec 29, 2021 · 3 years ago
  Sure! One way to earn passive income from digital currencies in 2019 is through staking. Staking involves holding a certain amount of a specific cryptocurrency in a wallet to support the operations of a blockchain network. In return, you earn rewards in the form of additional coins. This method is popular among proof-of-stake (PoS) cryptocurrencies like Cardano (ADA) and Tezos (XTZ). By participating in staking, you can earn a steady stream of income without actively trading or mining.
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• Dec 29, 2021 · 3 years ago
  Absolutely! Another method to earn passive income from digital currencies is through lending. Many platforms allow you to lend your digital assets to others in exchange for interest. This is similar to traditional lending, but in the digital currency world. Some popular lending platforms include Celsius Network and BlockFi. By lending your digital currencies, you can earn interest on your holdings and generate passive income over time.
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• Dec 29, 2021 · 3 years ago
  Definitely! Another way to earn passive income from digital currencies is by participating in decentralized finance (DeFi) protocols. DeFi platforms offer various opportunities to earn yield on your digital assets. For example, you can provide liquidity to decentralized exchanges like Uniswap or lend your assets on lending platforms like Compound. These platforms often offer higher interest rates compared to traditional banks, allowing you to earn passive income from your digital currencies.
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