Passive Income With Crypto
Originally posted by Mitchell Stulken on http://bitbetterhavemymoney.com/
I like to make money. I like making it even more when I don’t have to do anything.
That is why I love passive income.
There are ways to make passive income with crypto from Masternodes, staking coins, and dividends.
If you don’t know what those are, I will explain that next.
Masternodes are when you buy a certain amount of a coin and run a node for them. What is a node? A node is a computer or server on the blockchain that processes transactions in short. You get paid in that coin for running the node. Each coin has a different ROI for running a masternode. For example, you have to have 1000 zcoin to run a node and the ROI right now is 30%.
Staking a coin is when you put the coin in their wallet and stake it. Some of them allow you to pick a time frame to stake the coin and you get a predetermined return. In others the more coins you stake, the bigger the chances are that your wallet will solve the next block earning you more coins.
Dividends are when you put the coins in their wallet. You then are paid dividends in according to how many tokens you own. This makes people not want to trade them, hopefully leading to stability and price increase.
So what coins do I like for Passive Income. The list is not from best to worst.
- Zcoin is my favorite as of now. I partnered on a node and have seen good returns. We bought when the price was $30 and it ran up to $150. We would have sold if we were not running a node. This is one reason coins have passive incomes like this. It causes people not to sell and to keep holding.
- NEO. Holding Neo allows you to generate GAS (the name makes me laugh). GAS is a currency of its own so you can trade it. Now exchanges allow you to generate gas by holding NEO on the exchange.
- Phore. I do not own any Phore but the guy I partnered with on the zcoin node does. It has been out performing the zcoin node.
- KuCoin Shares. You buy this from the KuCoin Exchange. Holders then get rewarded 50% of KuCoin’s earned transaction fees every day. The amounts may be small but can add up.
- VeChain Thor. To earn Thor, you can either stake your VET in a Wallet or run a Masternode.
- Stellar Lumens. I like what this coin is doing. I think long term this could be a great coin and that is why I am adding it to the list. For most people though using it for passive may not be an option. The reason is that the minimum amount you need to vote is 0.05% of all Lumens in existence. This will make many people have to join a pool to receive the payouts. Some pools you have to pay a fee of your payout to take part and others do not.
- Icon. You cast your delegate vote and then receive a payout through the delegate as a reward for voting for them.
There are many other coins that allow you to receive passive income. I encourage you to look and see if the coins you are invested have something.
Masternodes can be expensive to get into depending on the coin. There are pools out there that allow you to buy into a node with the amount of money you have. Just do your research to make sure it’s legit.
https://masternodes.online/ is a good place to look up info.