How to earn a passive source of income with cryptocurrency?

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Earning an income has been a staple reason of why people get into bitcoin in the first place.
  
Everyone wants to make a quick buck and a better way to do that than finding ways to make passive income?  

What's up crypto peeps? 


Over the years, people have found new ways to earn passive income with bitcoin and cryptocurrencies,  and today, we’re going over some of the best ways to do so. 

How to earn a passive source of income with cryptocurrency?



3 best passive source of income with cryptocurrency: 


1. Mining: Mining is a passive income method that has been around since the creation of Bitcoin.  Mining is extremely difficult and although it's not as profitable as it used to be.  

You can still earn a teeny tiny bit passively. If you don’t know what Bitcoin mining is, it’s a form of generating new blocks for a certain cryptocurrency.  When you successfully solve for a block, you are awarded the corresponding tokens.  

 2. Airdrops:  I know what you’re thinking and no, it’s not the same as the feature that all Apple products have,  although they’re kind of similar.  Airdrops, in the cryptocurrency sense,  are when you are freely given or “airdropped” new cryptos and tokens because you were holding some other coins.  

In order to claim these airdrops,  it's essential that you have access to the private keys of your parent funds. These funds come from bigger companies that want to gather attention and new followers for their new coin.  In a sense, it’s kind of a marketing scheme to get some people talking about your new coin. 

Last year, Ethereum Hodlers were airdropped tokens which had a jump in price. They went up to $18 a pop but now they're at $1.88.  

3: Affiliate Programs:  Affiliate programs are by far the easiest and the most simple way to earn a passive income.  A lot of platforms offer affiliate programs that not only help the platform grow but also allow users to earn a significant amount of money.  

Let’s take Paxful’s revamped affiliate program as an example. Now there are a lot of different affiliate programs out there  but the one offered by Paxful is one of the best.  If you sign up for their affiliate program, you will be given a unique link that only applies to you. Your friends and family can then use that link to sign up on Paxful and make trades.  

For every trade made by people that used your affiliate link directly, you’ll be able to earn 50% from Paxful’s escrow fee off each trade.  That’s only tier 1.  Tier 2 users are those that sign up using your tier 1’s affiliate link.  

From all trades completed by your tier 2 affiliate, you will get 10% of the escrow fee from each trade.  Once you get enough affiliates, you should be making a steady passive income. 

Sounds simple enough, right?  


There are tons of ways to earn passive income with cryptocurrency but I’m afraid we’ve run out of time.  Are you ready to try out these passive income methods?  

Is there anything else you want I should include in my post, then let me know in the comment section below.

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