2020 threw the whole world into disarray with a vast majority of the world’s population losing their income from the coronavirus pandemic. More than ever, we all realized just how important having a passive income is. Below are some of the ways using which you can earn consistent passive income with cryptos in 2021.
Crypto Expert Advisor Services
Several EAs can help you earn consistent passive income in 2021 – ROFX is among the best in the market. ROFX is an expert advisor, an automated trading robot run by a self-learning AI.
You don’t need to be an expert in technical analysis or be a quant to profit, ROFX allows you to consistently profit regardless of your background. You simply register for an account and receive profit at the end of each day. ROFX was launched in 2009, and since it uses a self-learning neural network AI, it means that the EA becomes smarter and more efficient with every trade made. Since it began trading, more than 50,000 clients worldwide have profited from using EA. Currently, about 70,000 customers enjoy passive income with ROFX.
You can fund your account with fiat or bitcoin. The minimum fiat deposit is $1000 and 0.05 BTC. ROFX offers five packages for its clients, differentiated by the amount of deposit – Trial package, Easy Start, Moneymaker, Gold, and VIP. Here’s a snapshot of the minimum amount for each package and the approximate daily profit.
If you are sceptical and worried about losing your funds, the company does not use leverage and an automated stop-loss system specifically designed to minimise your downside. The ROFX team provides a ‘loss coverage’ feature to compensate you for any losses you incur from using the EA. If you are still not convinced, here’s a snapshot of ROFX’s trading record. Note that the EA reports all the results in real-time.
Here are other easy ways of earning passive income with cryptos in 2021.
HODLing Dividend Cryptos
Crypto HODLing refers to a strategy of buying and holding them in your portfolio. This is in contrast to speculative trading. While there are over 5000 cryptos in the market, not all of them are worth HODLing. HODLing is similar to putting your money in a savings account that pays you interest. The distinct advantage of HODLing cryptos is that your portfolio will potentially appreciate, and you will receive a much higher interest income. Here’s an example. If you were to HODL Cosmos (ATOM) at the beginning of the pandemic on March 10, 2020, to February 2021, you would have earned a dividend of 8%. Your portfolio would have appreciated about 1550%. Note that the best cryptos to HODL are those that pay a dividend regularly. The dividends can be paid daily, monthly, or yearly depending on the crypto, you HODL.
Staking your cryptocurrencies is one of the easiest ways to earn income from your crypto portfolio passively. It allows you to be rewarded for participating in keeping the network secure. Today, most cryptocurrencies shift from the proof-of-work to Proof-of-Stake (PoS) consensus to enable blockchain transactions. In the PoS method, crypto holders make their cryptocurrencies available to generate new blocks. Staking creates consensus in crypto transactions and eliminates the problem of double-spending. Here’s how you can stake your cryptos.
Lending your Cryptos
Crypto lending is as simple as it sounds. You lend out your cryptocurrencies and receive the interest payment. There are several platforms and crypto exchanges that allow you to lend out your cryptos. 2020 saw the explosion of crypto derivatives, accounting for about 55% of the entire crypto market. This necessitated the need for lending cryptos to leveraged traders. Depending on the type of crypto you lend and the platform you use, you can earn up to 0.1999% per day from crypto lending. Note that you can automate the crypto lending process by using crypto lending bots. However, you have to provide API keys.
We hope you find this guide helpful. If you have any questions, please let us know in the comments below. Cheers!
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