If you want to earn $2,000 per month from the cryptocurrency market without having to actively trade, there are various passive income strategies that can help you achieve this goal. Here are some detailed methods for you to consider:
1. Staking
Staking is the act of locking up a portion of your cryptocurrency in a blockchain network to help support network operations (such as validating transactions) and earn rewards. Blockchain networks that use the Proof of Stake (PoS) algorithm typically reward participants for staking. Depending on the amount of coins you stake and the annualized rate of return (APY), staking can provide a steady source of passive income. Some popular blockchains with staking programs include:
Ethereum 2.0 (ETH)
Cardano (ADA)
Solana (SOL)
Staking returns typically range from 5% to 20% APY, depending on the network.
2. Yield Farming / Liquidity Mining
Yield farming is the practice of providing liquidity to decentralized exchanges (DEXs) like Uniswap, PancakeSwap, or SushiSwap in return for trading fees or additional tokens. When you contribute to liquidity pools, your returns can vary depending on the pool and platform you join, with returns ranging from 10% to over 50% APY.
However, be aware of Impermanent Loss, a potential risk when using this strategy.
3. Cryptocurrency lending
Another way to earn passive income is to lend out cryptocurrency through decentralized finance (DeFi) or centralized platforms. Popular platforms include:
Ghost
Compound
BlockFi
Celsius
These platforms allow you to lend assets like Bitcoin, Ethereum or stablecoins (USDC, USDT), with annual returns ranging from 5% to 20%. If you have enough capital, lending can provide a steady monthly income.
4. Affiliate Marketing and Referral Programs
Many cryptocurrency exchanges and platforms offer referral or affiliate programs. You can earn rewards or commissions by inviting others to use services such as exchanges, lending platforms, or cryptocurrency wallets.
Some platforms like Binance, Coinbase, and BlockFi pay commissions or rewards every time you successfully refer a new user. This can become a recurring source of income if the people you refer continue to trade or use the platform.
5. Airdrop (Free Token Distribution)
Airdrop is a method of giving away free tokens to people who hold cryptocurrency assets or meet certain criteria. Often new blockchain projects will hold airdrops to attract users. Although this is not a steady source of monthly income, if you participate in airdrops regularly, you can receive a significant amount of tokens.
For example, in 2020, early users of Uniswap received over $1,000 worth of tokens in an airdrop.
6. Royalties from NFTs and digital assets
If you have creative talent, creating NFTs (non-fungible tokens) can be a source of passive income. Once you sell your NFT, you can earn royalties every time it is resold. Some platforms like OpenSea and Rarible allow creators to set a royalty percentage (usually between 5% and 10%) on each resale.
7. Chạy Masternode Crypto
Masternodes are servers that operate continuously to support the operations of some blockchain networks, especially the confirmation of transactions. Masternode operators receive cryptocurrency rewards. However, running a masternode requires a significant initial investment.
Examples of popular masternodes include Dash (DASH) and Zcoin (XZC).
Calculate monthly income:
To earn $2,000 per month from the above methods, you can combine different strategies. For example:
If you stake $50,000 on a blockchain with an average APY of 10%, you'll earn $5,000 a year, or about $416 a month.
You can then combine this with crypto lending, yield farming, or affiliate marketing to reach your $2,000 per month goal.
By diversifying and leveraging multiple sources of passive income, you can increase your chances of achieving your financial goals without having to trade directly.
