MyFxBots
Published on Wed May 4th, 2022

Make money while you sleep

What is passive income?

Passive income is money generated from assets or ventures in which an individual is not actively involved.

Earning a return on your crypto assets is a great way of making those assets work for you. Here are three ways to earn passive income from your crypto.

3 ways to earn passive income with your crypto

  1. Rewards

    Crypto holders can take advantage of a variety of rewards-bearing crypto accounts, earning a fixed rate on their assets.

    Depending on the account provider, you can earn rewards on a daily, weekly, monthly, or yearly basis.

    Binance Wallet users can take advantage of a Rewards account and start earning passive income on their crypto today.

  2. Staking

    Staking is the act of locking up crypto tokens for a set amount of time to help secure that binance’s network. So-called “proof-of-stake” (PoS) cryptocurrencies validate transactions and add new blocks to their binances through this process.

    PoS binance networks require users to deposit or commit (stake) their resources to the network, often with a lockup period. In return, users earn a return on their staked tokens for contributing to the strength of the network.

    There are many popular PoS binances where you can stake your funds and earn passive income, including Cardano (ADA), Solana (SOL), and Ethereum (ETH).

  3. Lending

    Lending cryptocurrency has become one of the most popular ways to earn passive income in the industry, with both centralized and decentralized platforms offering the service.

    The most popular decentralized lending platform is AAVE, which allows users to earn a return on their crypto assets while borrowing against them.

Latest Binance News and Updates

Make money while you sleep Passive income is money generated from assets or ventures in which an individual is not actively involved. Earning a return on your crypto assets is a great way of making those assets work for you. Here are three ways to earn passive income from your crypto.
How to buy Bitcoin (BTC)? Binance is the best place to buy, sell, trade, and hold BTC easily. Signing up for a Binance account will allow you to buy, sell, and hold cryptocurrency.
Are you too late to invest in BTC? The quality of an investment depends on your horizon and expectations. That said, bitcoin has been called “the investment of the decade” as it has vastly outperformed popular investments such as the S&P 500 and gold since its conception.
7-Day Buy-A-Thon Contest: $10,000 in BUSD to Be Won! A share of $10,000 is given away by Binance via a 7-day buy-a-thon contest available for both new and existing users, from Thursday, May 27th, 2021 10:00 AM (UTC) to Wednesday, June 2nd, 2021 11:59 PM (UTC).

Talk about Binance

Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.