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Feb 05, 2024

Earn Big: 2024 Guide to Earning with Crypto Interest

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.

DeFi Opportunities

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These platforms allow your assets to generate passive income through lending or other investment activities managed by the platform.

Crypto Savings Accounts

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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. 

High APY Coins

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This process typically entails providing basic information and selecting your preferred cryptocurrency to get started.

Account Setup

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Completing identity verification procedures, such as Know Your Customer (KYC) requirements and document submission, helps protect your account and the platform's integrity.

Identity Verification

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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.

Deposit Funds

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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.

Enjoy Earnings

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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.

Popular Coins

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