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How can I make money from crypto without selling my coins?

avatarJiteshOnlineDec 26, 2021 · 3 years ago3 answers

I'm interested in making money from cryptocurrency without selling my coins. Are there any strategies or methods I can use to achieve this? I want to explore opportunities to generate income while still holding onto my crypto assets. What are some ways I can make money from crypto without selling my coins?

How can I make money from crypto without selling my coins?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One way to make money from crypto without selling your coins is through staking. Staking involves holding your coins in a wallet or on a platform that supports staking, and in return, you earn rewards in the form of additional coins. This is a popular method for earning passive income in the crypto space. However, it's important to note that staking usually requires you to lock up your coins for a certain period of time, so make sure you're comfortable with that before getting started.
  • avatarDec 26, 2021 · 3 years ago
    Another way to make money from crypto without selling your coins is by lending them out. There are platforms that allow you to lend your crypto assets to others in exchange for interest. This can be a great way to earn passive income, especially if you have a large amount of crypto that you're not actively using. Just be sure to do your research and choose a reputable lending platform.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers a unique opportunity to make money from crypto without selling your coins. They have a program called 'Earn & Stake' where you can earn interest on your crypto holdings by staking them on their platform. This allows you to generate passive income while still holding onto your coins. It's a great option for those who want to make money from crypto without the hassle of actively trading or selling their coins.