You’ve heard that trading is the only way to get ahead with crypto.It’s not true. Below, I’ll share an easy, relatively safe way to make money without trading or gambling:
Rewards you can cash out any time
With staking, sometimes called bonding or locking-up tokens, you leave your altcoins with the protocol in return for rewards. It’s like passive income, paid in crypto.One of the easiest cryptos to stake is ATOM, the token of the Cosmos Hub blockchain.
With ATOM, you can earn $1,000 or more each month, free and clear, directly into your possession. Other crypto offer larger rewards, but this one is very easy to stake.
How to get $1,000 each month
Using ATOM as our example, you would buy 20,000 ATOM tokens at today’s $4 price. At today’s 15% rate, this would generate 250 ATOM tokens each month, equivalent to $1,000.
The more tokens you start with, the more rewards you get.
If $80,000 seems steep as a starting point, put in whatever you feel comfortable with. As with trading and every other form of investing, the more you put in, the more you get out.
Bonus: you don’t need to cash out your rewards.
If you choose to put your staking rewards back into the protocol, you can supercharge the growth of your investment. Each time you collect tokens, recycle them back into your account. You’ll get compound returns, like a savings account.Some protocols do this automatically as auto-compounding. Cardano (ADA) is one example of a protocol that does this.With ATOM, you’ll need to collect your rewards manually and then restake them.
