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How to earn passive income with cryptocurrency 2021

In this episode, I am going to show you five ways you could earn Passive Income in crypto. What is Passive Income? The money you earn when you go to work is called a salary or active income. Put simply, active income is the money you earn when you actively go out and trade your time like your 9-5 job, The rich dad poor dad series talks about the concept of passive income and that a high-net-worth individual is not actively trading their time for money. Instead, they have their money to work for them. With the traditional financial infrastructure tumbling AKA rip my money off, the crypto industry can offer far more lucrative opportunities when it comes to passive income. So how do you actually get your money to work for you in crypto? Well here are five ways you can earn passive income in crypto; #1 Crypto Dividends Neblio PIVX,NAV Coin,NEO,Nash Exchange There are a lot of cryptocurrencies that pay dividends to their holders and these are just some of the few popular ones. But on this topic I want us to focus on KuCoin Shares, What are KuCoin Shares? KuCoin shares ticker symbol (KCS) is an Exchange utility token and the main native cryptocurrency of the KuCoin exchange. The exchange rewards its users by providing incentives for holding KCS. All holders earn daily cryptocurrency dividends depending on the amount of KCS they have, Holders are also rewarded by receiving reduced trading fees. KuCoin shares are currently trading around $0.80 cents per share or token as of recording this video. Fun fact: I used to own a turn of KuCoin shares in 2017. I sold them all but they have dropped so significantly and with the altcoin season around the corner, I am considering taking a position again. So that means I am going to be making a video on how to buy KuCoin shares and it will be popping right here and providing you with real-time data on the 24-hour dividends payouts. #2 Staking The second way you can earn passive income is through Staking; There are a lot of cryptocurrencies that offer staking and these are just are few: In Fact, on this website https://www.stakingrewards.com/calcul..., you can find a variety of cryptocurrencies and the nice thing is that you can calculate your earnings projections, First, pick your cryptocurrency that you want to stake, the amount you want to stake, A number of days and whether or not you want to do compounding and you immediately see your projected returns on the side. For this topic let focus on Switcheo tokens ticker symbol (SWTH), but first what is staking? Staking is the process of actively participating in transaction validation (similar to mining). The difference between stalking and mining, when you are mining you providing computing power Anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards. You can also join a staking pool. The process is simple: You send your crypto assets to a staking pool then your crypto is locked for a period of time during that time you will be earning staking rewards. Now back to switcheo Just like the First example, Switcheo is a cryptocurrency exchange but the similarities end just there as Switcheo is a decentralized exchange and they recently introduced stacking to their coin. You stake your Switcheo tokens through a staking pool and you can earn passive income while you’re invested in the token itself. I am also going to do a video on how to buy and stake these tokens. If the video is up on the channel it will show up here, Disclaimer: a large portion of my portfolio is switcheo in fact second after bitcoin #3 Liquidity provider Lending A liquidity provider is a user who funds a liquidity pool with crypto assets to facilitate trading on the platform and earn passive income on the deposit. #4 Mining Crypto mining essentially means providing computing power to secure a network to receive a reward. Although it does not require you to have cryptocurrency holdings, it is the oldest method of earning passive income in the cryptocurrency space. The disadvantage is the setup cost and maintenance cost as the equipment is expensive and not easily available plus the electricity costs as this mining equipment is power-hungry. #5 Running a Lightning node The lightning network is a second layer technology applied to the blockchain that uses micropayment channels to conduct transactions more efficiently. I touched on this topic in my video titled What is bitcoin. A node is a computer or device connected to other computers that follow rules and share information. A 'full node' is a computer in Bitcoin's peer-to-peer network which hosts and synchronizes a copy of the entire Bitcoin blockchain. By running a note you can earn passive income as your node is used as a payment channel. #Vusidesigner #PassiveIncome #Crypto https://www.instagram.com/vusidesigne...