This article is about how to earn a passive income in cryptocurrency.Warren Buffet says:
«If you don’t find a way to make money while you sleep, you work until you die».
These words obviously fit the passive income essence. Three lucrative ways of earning a passive cryptocurrency income are listed below.
A Masternode is by far the most lucrative way on earning a passive cryptocurrency income. If you would be running a DASH masternode right now you would get around $90,000 per year. This is of course a great passive income. The investment you have to do is 1000 DASH tokens.
A masternode is actually a server that is online all the time. This server works for the cryptocurrency network and provides tasks. A masternode is trustless and decentralized. Something like a Bitcoin node works. One of these tasks is ensuring transactions are validated. For these tasks the masternode receives rewards. This reward is mostly a share of the block reward. So if there are more masternodes on the network the reward is lower.
You can read more about masternodes here → What is a masternode?
- Proof of stake
Proof of stake is a really good way to earn a passive cryptocurrency income.
Proof of stake is a different way of verifying transactions. The difference between Proof of Work (Mining) is that when you Mine a new block you receive the block reward. With proof of stake an algorithm decides who gets the block reward based on wealth or age. The good thing is that staking gives a pretty solid reward.
Examples of proof of stake coins are NEO/GAS. If you hold NEO in your wallet you automatically generate GAS.
Some proof of stake coins:
- KuCoin Shares
KuCoin shares is probably one of the easiest ways of earning a passive cryptocurrency income. You go to KuCoin.com and buy KuCoin shares. The KuCoin exchanges shares 50% of their transaction fee income with their token holders. The more shares you hold the more income you receive. And it happens daily.
You can calculate your returns on www.kucoinshares.com.