Image Credit: Coin Culture
Feb 05, 2024
By: Bhumi Shrivastava
You have various options to leverage smart contracts and decentralized protocols. These avenues include staking, lending, providing liquidity, and engaging in yield farming.
Image Credit: The LocalBitcoin blog
These platforms allow your assets to generate passive income through lending or other investment activities managed by the platform.
Image Credit: The LocalBitcoin blog
Venturing into altcoins with potentially higher annual percentage yields (APYs) can be lucrative, but it's important to note that they come with varying levels of risk.
Image Credit: CoinMarketCap
This process typically entails providing basic information and selecting your preferred cryptocurrency to get started.
Image Credit: India Today
Completing identity verification procedures, such as Know Your Customer (KYC) requirements and document submission, helps protect your account and the platform's integrity.
Image Credit: Bitcoin.com
Fueling your earning potential requires depositing funds into your account. Whether you're depositing fiat currency or digital assets, it's important to be aware of minimum deposit requirements and available payment options.
Image Credit: Bitcoin.com
Once your funds are deposited, you can sit back and watch your crypto assets work for you. They'll start accruing interest based on the terms and conditions outlined by the platform.
Image Credit: Chegg India
It's wise to consider allocating a portion of your portfolio to established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Binance Coin (BNB). While they may offer stable returns, have lower interest rates compared to newer altcoins.
Image Credit: Crypto News