What are some good ways to generate passive income from crypto right now?
I recently saw this video that discussed methods of generating passive income from crypto :https://steemit.com/blockchain/@libertyepodcast/how-to-cash-flow-your-cryptocurrency-portfolio
What are some good ways to generate passive income from crypto right now?
Invest in COSS. If you are holding enough of that currency then you will get a % of their trade volume weekly. COSS is currently at 5 cent after being 3 dollars last december so I would buy some bags and when the bull hits you will have a passive income
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STEEM POWER
Holding a good amount of Steem Power is in my opinion the best way to generate passive income from cryptocurrencies. The least youc an get from it (if you don't produce any content for the steem blockchain or upvote anything) you will get 2% yearly interest on whatever amount of SP you are holding in your wallet.
Appart from that you can upvote other peoples content to gain max 25% curation rewards (usually 13%).
If you are feeling selfish you could rake in a ton of easy rewards just for upvoting your own content. I wouldn't suggest that to anyone because that kind of behaviour is highly frowned upon by the Steem community and might result in flags.
So, if you want to make the most out of your SP without the backlash of the community
JUST STACK SP AND CURATE QUALITY CONTENT!
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Thanks for your answer. If you have a great deal of SP then you can participate in Dlike and Steemhunt at the moment and get their respective SMT's based on the SP that you hold and by upvoting stuff. Hopefully the HUNT tokens and Dlike's SMT will be worth something or have some value or use.
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Moved to the Hive platform.
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I believe participating in airdrops is one the basic way of doing this. Airdrops can be defined as the process whereby a cryptocurrency enterprise distributes cryptocurrency tokens to the wallets of some users free of charge. Airdrops are usually carried out by blockchain-based startups to bootstrap their cryptocurrency projects.
Although most of these airdrops take time before they are launched out, but not withstanding, you have nothing to lose and everything to gain when you participate in airdrops. Heaven knows how many airdrops I have filled and how many I will fill in the future but all I know is that if all decides to launch their coins then I don't know how much I will have.
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Thanks I know what airdrops are. :) I try to make a passive income from referrals with airdrops.
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