5 Passive Income Crypto Sites for 2022 : Rashtra News
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The world of crypto is overflowing with opportunities; with small efforts, one can achieve a lot. On this occasion, we’ll entertain the thought of earning passive income with different crypto platforms. While active involvement will keep you updated and sharp, you don’t have to buy and sell crypto constantly to boost your portfolio.
Many crypto-powered platforms offer returns in the form of a passive income. The concept itself is not new or revolutionary; if you know anything about finances, you’re likely familiar with compounding interest or reinvesting dividends, which would be similar to earning passive income from crypto investment strategies.
So, let us unveil the secrets of earning passive income with crypto. Keep reading our guide to learn about the top apps that can help you earn interest on your crypto assets.
Quick Guide to Passive Income Crypto Sites
Buying and holding crypto is one of the ways that can generate a return without proactivity in the market. You can buy a digital asset and store it in a secure wallet, hoping to see its price rise after some time. It could be a long-term strategy that might lead to owning high-value assets to sell. However, this system cannot be considered a truly passive income generator. Therefore, there are other strategies such as staking, lending, cloud mining, dividend-earning tokens, or yield farming.
Let’s assume you wish to start using a crypto platform to earn something extra with little to no effort. The steps to go through would be the following:
- Choose the best crypto finance solution;
- Complete the signup process;
- Carry out the required ID verification;
- Deposit by using your preferred payment method;
- Once on the platform, buy crypto;
- Earn interest.
Provided you’ve chosen the best interest-earning service, you’ll witness account boosts daily through the compound interest application.
The Best Passive Income Crypto Sites Reviewed
Navigating crypto platforms can be overwhelming. Fortunately, some of them have done a great job simplifying the user experience. If you are a crypto enthusiast or trader, these top five crypto sites for 2022 can save you time and funds and increase your returns.
1. AQRU
Aqru.io is a simple service designed to improve your crypto investing results. The best thing about AQRU is that beginners can join and benefit from it in the same way as experienced traders. The website itself is minimalist and easy to navigate, but if you want to manage your crypto activities on the go, you can do that via the AQRU mobile app.
AQRU makes it easy to deposit, earn and withdraw funds. The service supports crypto staples like Bitcoin, Ethereum, and stablecoins USDT, USDC, and DAI. For AQRU to add more coins, there will need to be a strong demand for them, and even then, the service will only include coins with a consistent track record and proven utility.
AQRU has been operating since December 2021, getting notable traction in the first months of 2022. The platform runs as an authorised virtual assets provider with enhanced encryption and even provides a joining bonus to new users. The company’s founders believe the key is to simplify complex financial products so that anyone can engage with them. It’s this idea that fueled AQRU.
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What conveniences does AQRU offer? There are multiple perks and benefits, but let us break the package down to the most important advantages. Firstly, the service does not charge any fees for buying crypto. It also does not impose lock-in periods. Furthermore, the interest rates paid are among the best on the crypto market today. For example, you can receive 12% interest on stablecoins, whereas Ethereum and Bitcoin pay a 7% interest.
What was once impenetrable for everyday investors, AQRU solves by providing an easy-to-use platform, facilitating crypto conversion, and earning returns on chosen assents without delay. AQRU prides itself on being able to pay daily interest on clients’ crypto holdings. Should you decide to invest in crypto with AQRU, the service will track your interest payments by the hour and make daily return payments.
Another thing that highlights the supremacy of AQRU is the fast funding process. Getting started is simple, knowing that you can deposit by card, bank transfer, or wallet-to-wallet. Moreover, there is no fee for fiat withdrawals, and a $20 for crypto withdrawals applies. You can submit a withdrawal request and receive your earnings within 24 hours. With clear updates on your investment portfolio, AQRU makes a confusing crypto world much simpler. For that, it tops the list.
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2. Crypto.com
Crypto.com has been around for a while, aiming to become the most sought-after crypto compound interest site worldwide. The platform already has more than 10 million registered users and boasts one of the most diverse offers of cryptos to trade. The Crypto.com exchange also has a mobile app, equally user-friendly as the desktop site, supporting over 250 different cryptocurrencies.
In terms of passive income, Crypto.com provides various faucets users can use to supplement their investment earnings. The service has an Earn program that allows users to lock up their coins for a selected number of months and earn interest. For instance, BTC can earn you 6%, whereas USDC goes up to 10%. Other supported coins include Polkadot (12.5%), Polygon (12.5%), USD Coin (8%), and many others.
Although the program is not ideal, it is worth considering its vast number of supported tokens and the choice of terms (fixed or flexible).
3. eToro
eToro is a regulated crypto exchange where you can buy, sell, and trade crypto assets. However, if you are chasing a passive income crypto site for your next 2022 investment, eToro is a strong contender. In addition, the service has a notably lower minimum first deposit, which makes it more appealing for newbies just entering online crypto trading.
Nevertheless, eToro is quite different than household crypto exchanges like Coinbase or Binance. Users need to open a new account and establish their profiles with a news feed and a wall. That’s because eToro functions as a social trading platform.
Arguably the most distinctive feature of eToro is the CopyTrader. This feature enables users to add top traders to their wishlist and copy their trading for improved returns. eToro’s CopyTrader provides higher APY than most crypto staking platforms, and your funds actually do some work instead of being parked somewhere for a small interest buildup.
4. Coinbase
Coinbase has been among the top cryptocurrency platforms precisely because it offers much more than buying/selling Bitcoin. Many Coinbase users started staking early, but it’s never late to join in. The premise is simple – you set up your account at Coinbase, keep your digital currencies in the wallet and get specific tasks done for rewards. If staking is not your way of earning passive income, Coinbase also has Coinbase Card and Coinbase Earn programs.
Coinbase Card features a Visa debit card that awards crypto rewards for everyday purchases. Every swipe counts, and you can earn up to 4% back on every purchase. You can also switch rewards at any time, diversifying your assets.
Coinbase Earn is a program that requires you to watch Coinbase tutorials on different cryptocurrencies and complete quizzes. The service will reward you with crypto for every completed quiz. It may be an unusual concept, but why not take advantage of it as you learn about specific crypto you’re unfamiliar with. It’s a win-win.
5. Celsius
Celsius is a crypto lending platform with one of the most accessible crypto apps. Holding a Celsius account also means you can earn passive income every Monday. How? Rewards start coming your way as soon as funds get credited to your account, either in CEL or any other crypto you deposited with. The network supports over 30 different coins and tokens and currently allows users to earn up to 18.63% APY.
If we were to list one downside to Celsius, it would be the fact that you can’t deposit or buy crypto via bank transfer. Card transfers are enabled but carry high fees. The painless option would be to buy crypto/stablecoin on an exchange, then send funds to Celsius. Some exchanges allow complimentary outbound transfers, so they may be worth looking into.
Final Thoughts
With the right tools, you can start earning passive income without waiting years for results. Building a sizeable crypto income is no longer a dream if you have some patience and knowledge. All it takes is reevaluating your portfolio and venturing into vetted crypto platforms for the best returns on your digital assets. From AQRU to Celsius, feel free to choose the right crypto platform to sustain your long-term investments.
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Disclaimer:
The above content is non-editorial, and BCCL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
Disclaimer: Content Produced by CryptoPR
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( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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