Top 5 Best Ways to earn money passively with Crypto!

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How to earn passive income with crypto?

Are you wondering about the best way to earn money passively?, then you would have definitely come across cryptocurrencies. But when it comes to cryptocurrencies there are so many ways to make money in this crypto world, are you confused and want to know the best way for you?

That’s why I have compiled this list of the top 5 best ways to earn passive income by using cryptocurrencies. All these methods are going to be perfect for beginners, so anyone can start using these methods to start generating passive income online.

The best thing about these methods is that you would earn money but you won’t actually do anything at all, we just put the money in and it will generate more money for us automatically!

Here is the list of the Top 5 Best Ways to Earn Passive Income using Cryptocurrencies:

1. Crypto Trading Bots

What are Crypto Trading Bots?

Undoubtedly, Crypto Trading Bots are one of the most awesome ways for using the power of crypto to start generating passive income. They can generate crazy high returns. Crypto Trading Bots are basically AI based bots that trade for us, which means that we don’t even need to trade ourselves, the bots will do the work for us!

And what makes trading bots even better than humans is that they don’t have emotions, and they can trade very accurately and more reliably than human beings, as AI can accurately follow the algorithms and trade accordingly.

In this we provide the bot with some money to trade with and some basic information like choosing the crypto that we want it to trade. We can also form our own strategy in some trading bots, thus telling the bot when to buy and when to sell, it will execute the orders itself.

Several Platforms provide us with the facility of crypto trading bots. Kucoin is the best one, click here to signup for Kucoin if you are a new user, you can get up to $500 in deposit bonuses. Check this article out in which I explained about the Kucoin Trading Bots and how to use it.

Check this article out, in which I talked specifically about Crypto Trading Bots.

2. Cloud Mining

What is Cloud Mining?

Cloud Mining is a type of mining in which we can mine cryptocurrencies without using any of our own hardware. In that we use the hardware of a cloud mining service, most cloud mining services are paid and offer a return on investment if we invest in their mining plans.

But some cloud mining services are free! They might not give you a lot of money but they are definitely worth a try. The best and most trusted free cloud mining service is Stormgain, it has more than 4.3 star rating with more than 30k+ reviews on Trustpilot. Click here to signup to get a instant $3 signup bonus+ another $5 for activating the cloud miner several times.

Also it is worth checking out some paid cloud mining services, as they might offer you some nice returns on investment. Cloud Mining can be one of the best investments in cryptocurrencies as well as very safe.

Check this article out in which, I specifically talked about Crypto Mining.

3. Crypto HODL

What is HODL?

HODL is by far the simplest and the safest way to earn money passively using cryptocurrencies. HODL simply means holding in the crypto industry. In this all we do is buy some cryptocurrency and leave it, unlike crypto trading, we don’t sell our assets here, we rather hold them long term and wait for price to go up in the long term.

This is my personal favorite method because it’s the most reliable method for making money with cryptocurrencies. You might not make very high returns in the short term, but in the long term it’s perfect.

It’s best for people who have a high amount of capital and prefer to take the lower risk route, if you have a lot of money and don’t want to take too much risk, HODL can be the best way for you to get awesome capital gains in the long term.

If you don’t have a large amount of capital, I would recommend you to choose something like trading bots, they are riskier, but not that much, they are mostly super reliable. They can help small amounts of capital to turn to large amounts.

Check this article out in which, I compared Crypto HODL and Crypto Trading.

4. Crypto Staking

What is Crypto Staking?

Crypto Staking is a method in which we owe our coins to the blockchain, they get a locked for a period of time, which helps to add blocks to the blockchain and verifying transactions. As we are supporting the blockchain, we get a staking reward in return of that in the form of APY(Annual Percentage Yield).

Especially after the Ethereum Merge, now Ethereum switched to the proof-of-stake model, Ethereum staking has now got a lot of potential in the long term and can bring very nice returns along with the capital gains that we would get due to the price change of the cryptocurrency.

Crypto Staking is not as profitable as Crypto Mining, but it is still worth it as we can get extra capital gains over HODL which is great and staking is more modern form of mining, newer cryptocurrencies would work with the proof-of-stake model than the proof-of-work model.

To do Crypto Staking, you would have to lock your assets for a particular period of time, during the locking period you won’t be able to do anything with the locked assets, they will keep generating passive income. To do it you need to join a Staking Pool to get rewards for sharing your crypto coins with the blockchain.

Check this article out, which is a in depth ultimate guide about crypto staking, it would teach you everything you need to know about crypto staking.

5. Crypto Lending

What is Crypto Lending?

Crypto Lending refers to a type of DEFI(Decentralized Finance) that allows cryptocurrency owners to lend their cryptocurrencies to different borrowers. It’s basically giving loans to people who are interested in taking crypto debt.

The people who lend cryptocurrencies will get an interest rate from borrowers just like in normal banks. The interest rates we can get get are high as ****, I even saw 170% APY in Kucoin!!

This is one the highest ROI investments out there, it is also quite reliable, but make sure to not put all your money in here just because it has high returns.

Final Step

Now, simply what you have to do is diversify your crypto portfolio. This is the percentage that I would follow for the above methods:

Crypto Trading Bots- 12.5%

Cloud Mining- 12.5%

Crypto HODL- 50%

Crypto Staking- 12.5%

Crypto Lending- 12.5%

Now after you would follow all the steps given in the above article, I guarantee you that you would be making awesome amounts of passive income without even lifting your finger!!

Conclusion

So after reading the above article you would have got a clear understanding about the best and the safest ways for earning passive income with cryptocurrencies, comment down below any questions.

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New to trading? Try crypto trading bots or copy trading