Hey guys! Today we'll about how to make passive income with Crypto this year,
even if you are a complete beginner!
Now I think there are two types of people who can call themselves beginners in crypto.
One type is overly optimistic and may be prone to risk way too much.
Like this famous 33-year-old Dogecoin millionaire who invested his lifetime savings of $250k
in the meme coin. He spent years and years saving everything he could while living in a garage.
And then one day he just has thrown all his savings at some overhyped Dogecoin.
Would you do something like that? I know for sure I wouldn't!
Another type of beginners in crypto just keep crying that they didn't get into the market
early enough and keep saying that all the insane gains were already harvested by other crypto
millionaires. So they always feel it's too late to start and never actually invest in crypto.
I want to show you in this video how you can be somewhere in the middle in a sense that we don't
want to use any extremely risky ways of making money with crypto, but we also understand that
it's not too late to enter this market because really it's just entering its best times.
By the end of this video, you will have the 5 best ideas on how to invest your money in crypto to
actually make some passive income. And it doesn't matter whether the market is going up or down, and
even if you never bought cryptocurrency before - some of these ideas will definitely work for you!
5. Buy and hold for years
The first way to make money in crypto is by holding crypto for years. Probably it's the
easiest but it's for people who have patience and see crypto as a long-term investment.
You can simply buy one of the biggest cryptocurrencies like Bitcoin or Ethereum
and hold it for 5 or 10 years. You will see the returns only when you sell the crypto.
If you want to try also some of the altcoins that have higher growth potential, check some of the
top-10 or top-20 coins. You can do some research on this site Coinmarketcap to understand which
coins have a high market value, and some history, real projects, and teams behind them. All of this
information will be listed for each coin right on the coin page under the price history.
Where can you buy cryptocurrencies? On crypto exchanges.
One of the biggest and easiest to use is called Coinbase.
You can get a $10 bonus in free Bitcoin if you use my link below this video when you join Coinbase.
The second biggest platform I use is called Binance,
this one has a version for US users Binance.us, and another site for global users Binance.com.
Again, check my link in the description below to create your account with some nice bonuses.
4. Become an Affiliate or Referral
The second way of making money on the crypto market is also very simple and doesn't cost
you anything. You can become an affiliate for the most popular platforms and services
like Coinbase, Binance, and many others. I've just shown you my referral links.
When you coin Coinbase through my link, for example,
you get a $10 bonus and I get the same bonus on my account.
As soon as you create your account on Coinbase, just click here on More
and you'll see the button Invite Friends. This is where you will get your referral link
and now you can either send it to your friends and family interested in crypto,
or if you are an influencer, use your social media platforms to promote the platform.
Binance has a bit different rewards system and almost every platform related to crypto market
will have a referral program available for you as soon as you become a user.
3. Crypto Trading Bots
The next way to make money with cryptocurrencies is very passive - it's by using crypto bots. I
personally have been using it for several months now and it took me about 10 minutes
to set each of these bots, and then I might not even check them for weeks.
I use the Bitsgap platform to run these bots, you can start a free trial using my
link anastasiablogger.com/bitsgap, any way you'll find all the links
to the platforms and resources I mentioned today in the description below this video. On Bitsgap,
you can set up some demo bots using imaginary money, so you don't even have to invest your
own money right away. You are running these demo bots to learn and test the trading bots.
So how does this method work? Here I hold several cryptocurrency pairs instead of just one coin.
The bot is taking advantage of the volatility of cryptocurrencies. You see, they are going
up and doing in price many times a day. And I get passive income every single day from these
little transactions that the bot makes every time the coin goes a little bit up or down in price.
Maybe you heard something about day trading. That is a full-time job and it's not passive at all.
With crypto bots, I don't have to do any work, I just set the bots with certain
parameters initially and let them work on their own for many months.
And another great point with these grid bots is that even when the market is going down,
you can see that these last few months since I set the bots,
the prices of these cryptocurrencies have been slowly going down.
But in spite of this bear market, the grid bots still managed to make some bot profit.
You might ask me but what is this red value, isn't it the loss in value?
Yes, like I said, for several months, we've been in what you can call a crypto
winter when all cryptocurrencies are going down in price following the Bitcoin price.
So indeed, the price of these coins went down quite a lot since I set these bots.
But because during all these months I've been running grid bots, I am actually in a better
position compared to people who just bought the crypto and are holding it through the bear market.
I'm in a better position in the sense that part of the losses on the coin price is covered by
the bot profits. And I want to make here another point just to clarify something.
When we are talking about losses, we can only consider it a loss IF and
WHEN we actually sell the coin at a loss. If I just hold the coin until the market
gets back to the price where I bought the coin, I don't lose anything. And personally,
I am only buying the crypto that I intend to hold long-term. Probably for years.
And in this sense, I really like a comparison with the real estate market. If you bought an
investment property, you are renting it and making profits every month.
This we can compare to the bot profits which come to your account every day.
If the real estate market crashes, your property can lose market value but you
still keep making money by renting it. If you don't sell the house during the market crash
and wait a few years for the market conditions to improve, you will not be at any loss.
I learned about this method and all the settings for these grid bots from Dan Hollings.
His program might be open when you are watching this video,
it opens only a couple of times per year. So go to anastasiablogger.com/crypto and check if his free
training is currently available for you to watch. If not, you'll have a chance to leave your email
on this page and I'll send you more information about crypto trading bots to your inbox.
2. Interest Bearing Accounts
Another way to make money in crypto passively involves Interest Bearing Accounts.
How do they work? Crypto interest accounts enable you to stake your coins for a period
of time to earn interest similar to traditional savings accounts.
The difference is that crypto interest rates can be well over 10% per year.
Now, you might tell me that sounds too good to be true! In a way,
you have a point because cryptocurrency interest accounts are not covered by FDIC
insurance like your traditional savings accounts are covered up to $250,000.
US regulators haven’t been too keen on these account-style products. For example,
one of the most known companies in the field, BlockFi was forced to
stop offering the accounts to US customers. Also, another popular platform Crypto.com,
for example, isn't available to New Yorkers. By the way, this video is not sponsored by any of
the platforms that I mentioned, I just want to give you a general overview of all the options
you can use to maximize your crypto earnings. You can have a look at the platforms like:
Nexo Crypto.com
BlockFi Again, these
platforms offer very attractive rates on average about 10% per year, ​​https://crypto.com/eea/earn
But can we say there are 0 risks associated with this method? Definitely, there are some risks,
if the entire crypto market starts crashing, we don't know which of these platforms will survive.
But if you understand the risks of cryptocurrencies in general,
and you still decided that you want to hold some amount of crypto
long-term anyway, I don't know why you would not take advantage of these interest-bearing accounts.
Staking
The next method is Staking cryptocurrencies. It's often confused with the previous method that we
talked about, with interest-bearing accounts or you could call them also crypto savings accounts.
Staking is similar in a way that it also allows you to earn a certain reward,
something around 10% annual interest. But staking the process of actively participating
in transaction validation (similar to mining) on a proof-of-stake blockchain. On these blockchains,
anyone with a minimum-required balance of a specific cryptocurrency
can validate transactions and earn staking rewards.
There are lots of proof-of-stake cryptocurrencies you can consider. Here are a few of the biggest:
Cardano (ADA) Solana (SOL)
Polkadot (DOT) Terra (LUNA)
To start staking a cryptocurrency, you first need to purchase it
on one of the exchanges that allow staking. Not all exchanges even offer this option. So should
stick to exchanges that give you full control of your crypto. Some of the top options include:
Binance
Coinbase Kraken
You can use my referral links in the description below to get great bonuses
when you open an account on these platforms. Before buying any particular coin,
use the help centers of these platforms to make sure you will be eligible for staking
because there are many nuances to it. For example, on Coinbase staking is
available in the US and many other countries, including a lot of European countries but not
yet in Portugal where I live, so for me staking on Coinbase isn't even an option.
Also you need to have a look at the particular coins
available on each exchange for staking before you decide which coin to buy for that matter.
Generally speaking I found that Binance.com offers a lot more options for staking - there are more
coins and more duration of staking options. You can use my referral links in the description
below to get great bonuses when you open an account on these platforms.
So to wrap up this video and the top 5 most passive ways to earn income with crypto,
I would say they look really rewarding. But make sure you do proper research before you invest
your money in anything. The amount of investment should be tied to your personal risk tolerance
but I recommend you to start with smaller amounts first and see how things really work.
And if you want to learn more on how to grow your online income,
make sure to hit Subscribe because making videos like this does take quite a bit of
time to research things and give you the best and safest options out there.
Now, before you close this page,
I manually picked for you a couple of my previous videos that will help you make
more money online. Check them out here and there. And I'll see you in the next videos!