5 Awesome Ways To Earn Passive Income With Your Crypto Assets.

People may have differing opinions of the prospect of crypto industry in the short term but most crypto enthusiasts if not all would agree that crypto industry has a very bright future in the long term. So, while you are hodling and waiting for the prices to skyrocket or while you are still on the phase of accumulating your crypto assets; what are the most profitable ways that you can do on your idle crypto assets?

Let me give you the 5 most awesome ways you can do on your cryptos right now.

First on the list is using your Bitcoin to run a Lightning Network Node.

It is also good to note that while this gives you good passive income you also support Bitcoin’s mass adoption. This lightning network solution is fast growing that more lightning nodes are needed to provide liquidity to the network, this will allow payments to travel smoothly from origin to destination.

You will be rewarded as part of the node operators when you lock Bitcoin into payment channels for long periods of time to increase network capacity as payments go through your channels.

Setting up your own Lightning network node can be a technical challenge so here is one tutorial video below to get you started. If you don’t like it, there are bunch of other YouTube tutorials on this subject so I am sure you can find one that fits your taste.

The second one that I am going to introduce here is my favorite. The reason why I expressed my bias on this is that I have personally tested it and watched how effective is this strategy.

And at the same time because of the involvement of a number of people who are into cryptos on this platform this actually is shaping the entire crypto industry. Community is the most powerful driving force to any industry and this one in my opinion helped shape the entire crypto industry to what it is today.

The platform that I am talking about is Steemit and there is a simple way for you to set it up and provide you a reliable passive income source.One strategy is as simple as creating your account, post and engage inside, if you have extra budget promote your posts using SmartSteem because aside from exposing your content you are also guaranteed to earn at least 10% extra out of your spent SBD or Steem.

Once inside Steemit you may devise your own strategy because there are so many ways inside this platform to make some extra money while waiting for your Steem coins to rise in value.

The third is to lend your coin. This works like real world lending business operation, someone borrows your cryptos and you earn through interest, and if you are comfortable your funds on crypto exchanges like Poloniex and Bitfinex , this is one great avenue for you to make passive income just by using your crypto assets.

There is also some options how to run this strategy, CryptoLend can automate this process if you give them your API keys, or you can do it manually and look for profitable opportunities yourself. There are lots of assets you can lend, including BTC, EOS, LTC, ETH, USDT, NEO and DASH. At present, the typical rates are about 0.02% per day, which works out to about 7% a year.

The next method we would take a look at is by using your tokens to participate in various EOS and Ethereum Dapps. This website shows the different dApps where you can earn EOS dividends.

While in Ethereum platform, there are hundreds but I’ll just mention the more popular ones, you have Golem that allows you to rent out your computing power, MakerDao allow participants to act as “Keepers” to maintain the price of the Dai token, and Augur is one of the long time dApps that requires reporters to stake their REP tokens on the outcome of disputed events.

Admittedly, demand for these services is relatively low at this stage of dApps development, it’s a plus to know that you have a good way to earn a small passive income while you’re already invested in the token, also providing critical services to help the network succeed.

Acting as a Keeper in the MakerDao ecosystem could be the most attractive opportunity right now, especially true since the team has shipped code to automate a bot for you. These bots scan for arbitrage opportunities to maintain the standard price of the Dai or facilitate liquidations when the price of ETH falls.

During a liquidation, the said “Keepers” can byte on the position (letting the network know that there has been a liquidation) and then purchase the collateral at 4% below market rate. By rough estimation, “Keepers” have collectively made about $25 million USD since MakerDao was launched.

And last but the least the method which is gaining a lot of popularity nowadays. The said method is by Staking and Masternodes. It’s now becoming easier, Coinbase and Binance just recently made it more accessible for us.

The hard part on this is that you have to hold these coins, which means you have to be on this long term. Which is why you need to have faith in the coins you stake. The good thing is running a masternode or staking can still yield approximately 10% interest per year.

What about you? Do you have any other passive income ways to further benefit with your crypto assets? Share us your ideas below.

This is a repost of my original Medium post:
https://medium.com/@arnelmacariola/5-awesome-ways-to-earn-passive-income-with-your-crypto-assets-22544622f626

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