Hello guys,
Let's talk about passive income and why it's so hard to establish.
I'm a student and a beginner, and like so many people, I also want to be financially independent, which requires a tonne of resources, one of which is passive income,so let's invest in three or four side businesses. This is the general mindset of the public, but it's not as simple as it sounds.
People are now more concerned about financial independence, and passive income is one of the keys to achieving it. It also provides the safety of not going bankrupt because you have other sources of income as well. Let's just talk about many ways to create passive income in crypto currency.
Some of the major ways to generate passive income in crypto currency are:
Crypto Stalking : It's a common service that many major platforms and exchanges provide to stalk your crypto in blockchain with the help of software and provide you with earnings in return. But remember to buy crypto that uses proof-of-stake.
Yield Farming : It is basically lending out your crypto; you need to connect your wallet with your dedicated coin or token in a pool with others. Then the pool is here to lend them out and provide you with interest in them.
Ethereum 2.0 is great for both, as it's a proof-of-stake update that provides their users with the ability to lend out or stalk ETH in blockchains that provide interest in return.
If you like this article, please give it a thumbs up. If you want more awesome content, consider following.
Follow me on :Instagramread.cash
Crypto trading platform
That's for today guys, see you soon.
Thanks for reading.
