Staking is a good Passive Income Option in Crypto

The crypto segment is much bigger now and in the last few years, things have grown a lot. The bull run cycle that we had in year 2017 was more of the crypto coin and ICO but in the last cycle, we have seen things changing in a better way. What I'm trying to say is that people have more options in the crypto market. People who invested in different coins including Bitcoin got the option to generate some passive income just by holding their coins on a specific platform.

Exchanges provided the option to hold different cryptocurrencies on their platform and they started paying a certain percentage of the reward. Many people do it because this way they still have the balance with them and on top of that they can earn some reward by doing nothing. They are required to hold the crypto on a specific platform or protocol and that is all we need to do. This option is still doing well and people are making a good amount of passive income through this option.

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Now trading is not a mandatory requirement for many and holding the crypto can also be rewarding whereas the basic principle value in terms of quantity remains the same. Because the holding is not affected in this method and we can earn the reward in the same crypt this is a great option.

We cannot ignore the possibility of risk and I am saying it because no investment in this world is one hundred percent risk-free. There can be a risk if the exchange does something wrong and this is why I say it is not financial advice. If you like the reward and you trust the platform then only think about keeping your crypto on certain exchanges but keep in mind that whatever money you are keeping in the exchange wallet will be at some risk.

Again risk is everywhere so when you take some risk then you are eligible to get some reward and now it is your call to decide how to have a balance between both and earn some rewards.

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