🔴3 ways to generate passive income with cryptocurrencies
$BTC If you are like many cryptocurrency holders, you have probably discovered that cryptocurrency trading and investing can be incredibly profitable, but also very time-consuming and often stressful, due to the constant need to keep track of your portfolio, take advantage of opportunities and manage your positions.
Here, we take a look at seven ways you can put your cryptocurrencies to use, helping you generate a potentially attractive passive income with little to no extra investment or administration required.
1. Automate your savings
Just like regular currencies can earn interest while held in a savings account, cryptocurrencies can also be deposited into various platforms to earn a return.
2. Become a liquidity provider
Decentralized exchanges have revolutionized the way traders access and take advantage of opportunities in the market by providing a permissionless source of liquidity for a wide variety of cryptocurrencies.
3. Join a cryptocurrency fund
Cryptocurrency funds are an exception, as they are truly passive. Just as traditional hedge funds can be used to put your fiat capital to work, crypto funds allow you to generate income using your digital assets (and often fiat currency as well).
