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Sign up for Binance here: https://accounts.binance.com/en/register?ref=190299904 | Sign up for Binance here: https://accounts.binance.com/en/register?ref=190299904 | ||
Install MetaMask from here: https://metamask.io/ | Install [[MetaMask]] from here: https://metamask.io/ | ||
[[Category:FreeCrypto]] | [[Category:FreeCrypto]] | ||
Revision as of 00:34, 16 October 2021
Earn Passive income with Crypto
This is a bit more advanced and requires you to setup an account on Binance and install the Metamask browser plugin.
Staking
You can stake your crypto in a pool and let it earn interest. Often this has weekly payouts so you could take money out frequently. If you compound it and let it stay for a while it will build up even more.
Jump in the Pool
A pool is filled by it's participants and the interest paid is evenly divided. When the number of participants grows, the interest get's lower. However at the high rates being paid it is still a good way to earn some passive income.
I use Pancakeswap for this, it requires you to have a Metamask wallet which can be installed as a browser plugin to Brave or your favorite Chrome browser.
Stake Cake
Cake is the native token for Pancakeswap, it can be bought or swapped on Binance. You use Binance to send BNB to your Metamask wallet and then use this on Pancakeswap to swap this to Cake. The Cake is then staked in a auto compound pool and pays an interest of 70% at the time of writing.
If the Cake coin go's up or down then this is also reflected to your staked coins in the Pool so it can be very interesting in a bull market.
Sign up for Binance here: https://accounts.binance.com/en/register?ref=190299904
Install MetaMask from here: https://metamask.io/