There are four main ways to earn passive income with cryptocurrency:
- Mine it
- Stake it
- Lend it
- Add it to a liquidity pool
I’m fairly conservative—So I’m gong to start slow and see where this thing goes. I hope to learn a bit, have some fun, and hopefully not lose all of my money along the way.
Current passive income positions (as of 2021-10-14):
ETH-USDC liquidity pool
Institution: Uniswap
Invested: $13,000
Estimated yearly income: $8,000.00
GUSD lending with Gemini
Institution: Gemini
Invested: $68,000
APY: 8.05%
Estimated yearly income: $5,474.00
GUSD lending with BlockFi
Institution: BlockFi
Invested: $40,000
APY: 8.25% / 7%
Estimated yearly income: $3,325.00
CAKE-BNB liquidity pool
Institution: PancakeSwap
Invested: $2,530
Estimated yearly income: $1,000.00
NRG masternode + staking
Invested: $3,400 (1000 NRG masternode, 120 staked)
Estimated yearly income: $550.00
LINK-ETH liquidity pool
Institution: Uniswap
Invested: $1,000
Estimated yearly income: $300.00
HNT mining
Estimated yearly income: $225.00
ETH lending
Institution: BlockFi
Invested: $1,500 (0.389 ETH)
APY: 5%
Estimated yearly income: $75
BNB staking
Institution: Trust Wallet
Amount: $343 (1 BNB)
APY: ~21%
Estimated yearly income: $72.03
ETH staking with Kraken
Institution: Kraken
Invested: $1,296 (0.48 ETH)
APY: ~5%
Estimated yearly income: $64.83
BTC lending
Institution: BlockFi
Invested: $1,400 (.024 BTC)
APY: 4.5%
Estimated yearly income: $63.00
XTZ staking
Institution: Coinbase
Invested: $1,200.00 (169 XTZ)
APY: 4.63%
Estimated yearly income: $55.00
ETH staking with Coinbase
Institution: Coinbase
Invested: $70 (0.0185 ETH)
APY: 4.5%
Estimated yearly income: $3
Total: $19,206.86 / year (19.20% of goal)