5 Passive Income Opportunities to Earn Crypto Legitimately

Only a few thoughts give the same orgasmic feeling that passive income gives to individuals in the crypto world. That tingling feeling of doing absolutely nothing or putting in just minimal effort that guarantees a stream of steady income every other day. There are a few programs or projects set up by firms entering this space to offer such, but one cannot just trust words in marble or whitepapers, because they are just words and nothing substantial back them up most of the times.

In this article, we will delve into five different passive income opportunities that would guarantee you an exciting stream of income both long term and short term. They are listed in no particular order.

 

1.  NEXO

Nexo is the world’s first crypto-backed loans platform, offering up to 8% in interests per annum when you invest on their platform. Launched in April 2018, Nexo joined the roster of A-list crypto startups to offer high yield passive interests system. Their insurance partnership with BitGo, a leading digital asset trust, and security company further helped to cement their stance as a genuine platform that has adhered to various government-backed regulations to provide passive income via public investments.

By holding their native NEXO tokens or depositing a series of stable-coins (e.g. USDT, TUSD, PAX, etc.) and even fiat (USD, EUR, GBP) into the Nexo wallet, you are guaranteed a share of the profits which the company shares amongst its investors (up to 8% annually per individual investment). You will be paid a compounding daily interest, and will also have the luxury of withdrawing your assets at any time and jump straight back into the market or sell them completely. The minimum investment is 1000 EUR/GBP/USD.

You can read more about NEXO’s passive investment here: https://nexo.io/earn-interest/

 

2.  YOUHODLER

YouHodler is a FinTech platform focused on crypto-backed lending, fiat (USD and EUR) and stable coin loans and crypto/fiat or crypto/crypto conversions. They offer users passive income and a system that allows them a loan value ratio of 80% and interest rates as low as 2.5% only.

Users are guaranteed an interest rate of up to 12% per annum when they lend their USDT to the platform – the minimum deposit is 1000 USDT. And with bank accounts in Europe and Switzerland, partnerships with trusted fiat payment providers and a reduced interest rate, YouHodler is not out to milk you of your hard-earned crypto or fiat but to help you earn passive income while HODLING your favorite digital currencies

You can read more about YouHodler’s passive investment here: https://www.youhodler.com/earn-interest

 

3.  NEO

Formerly known as AntShares, NEO is an open-source blockchain decentralized application platform founded in 2014 by Da HongFei and Erik Zhang. Currently ranked as one of the top 20 tokens on The Crypto App, NEO and the vision behind a smart economy has wowed many by incorporating digital assets, digital identities, smart contracts and passive income to its ever budding use cases.

Since GAS tokens act as the fuel on the NEO network, anytime a new block is created on the NEO blockchain, GAS is generated and then distributed to wallets that hold NEO. You can make passive income a reality by hodling NEO tokens Binance and KuCoin exchanges (available at the time of this documentation), its native wallet NEON, or any other exchange that supports NeoGas. It is also noteworthy that GAS interests paid for hodling NEO can go up to 5% per annum and the more NEO tokens you hodl, the higher GAS you receive.

You can read more about NEO’s passive investment here: https://cryptocurrencyaus.com/neo-passive-income/

 

4.  Exchange Referrals

Another way to earn passive income in the crypto space is via exchange referrals. Due to the lucrative “tell someone to tell someone” marketing condensation used by top companies like Amazon, exchanges exploring this space have had to plow the same field and have relatively had huge success since its inception.

Binance, for instance, offers its exchange referrers a mouth-watering 40% as referral bonus on every transaction fee paid by their referrals (for referrers holding at least 500 BNB ) and up to 20% in referral bonuses for normal users on all trades. Binance charges around 0.10% in single trade fees; let’s take, for instance, your referral trades around 10 BTC within a month and you have a minimum of 500 BNB tokens on your Binance exchange wallet – you will be entitled to $100 in referral commission which will be paid in your referrals traded assets at the end of the said month for doing absolutely next to nothing.

Other exchanges like Bitmex and LocalBitcoins offer users up to 20% in referral bonuses respectively, while users on the Coinbase platform gets to keep $10 in ref bonuses when a referral buys or sells $100 worth of crypto in one single order. A few other exchanges also propose a range of delightful offers if you turn up for their affiliate platform, and with this method, you could end up bagging hundreds of dollars in affiliate commissions with little or no effort, even from the comfort of your home.

 

5.  AIRDROPS & BOUNTIES

On first glance, a newbie in crypto would think airdrops are crypto goodies dropped from the sky, although a few projects like Mainframe have gone through with such airdrop practice, but in this context, it is far from such preposition. Airdrops refer to a system through which a blockchain project distributes free tokens to community members for performing various tasks which most times are in the form of product marketing. Bounties, on the other hand, are daily/weekly tasks setup by projects to promote their merchandise and in turn offer free crypto tokens to its contributors.

If you use Android, you can stay updated with fresh airdrops and bounties delivered straight to your mobile phone by using Airdrops – Free Crypto Tokens app.