Is it possible to earn coins passively in the world of cryptocurrencies?

3 answers

• Himanshu DuttaJul 09, 2020 · 5 years ago
  Yes, it is possible to earn coins passively in the world of cryptocurrencies. One popular method is through staking, where you hold and lock your coins in a wallet to support the network's operations. By doing so, you can earn rewards in the form of additional coins. Another way is by participating in decentralized finance (DeFi) protocols that offer yield farming or liquidity mining. These programs allow you to lend or provide liquidity to earn interest or rewards. However, it's important to note that the potential returns may vary and there are risks involved.
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• Erickson WongFeb 25, 2025 · 5 months ago
  Definitely! With the rise of masternodes, you can earn passive income by running a node on certain cryptocurrencies' networks. By staking a certain amount of coins and maintaining a stable internet connection, you can receive regular rewards. Additionally, some projects offer airdrops, where they distribute free tokens to holders based on their existing holdings. So, even if you're not actively trading, you can still accumulate coins over time.
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• AudreyNov 12, 2021 · 4 years ago
  Absolutely! BYDFi, a leading cryptocurrency exchange, offers a unique opportunity for passive income. Through their staking program, users can earn rewards simply by holding their coins on the platform. BYDFi takes care of the technical aspects, allowing users to enjoy hassle-free passive income. It's a great way to earn coins without the need for active trading or market monitoring.
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