If you want to know how you can make more than 23% APY stay with me because in this episode I’m going to show you how you can make more than 23% APY in passive income on staking your cryptocurrencies.
My name is Victor Gichun, thanks for watching The Contributors.
Normally, when you think about investing in crypto, the first thing that pops to mind is just buying different cryptocurrencies such as Bitcoin or Ethereum and hold them waiting for appreciation.
But if you just hold the crypto and wait for the appreciation you are not making any passive income.
In this video, I’ll show you how to generate more than 23% APY in passive income on Staking your crypto with almost zero risk.
Benefits of staking crypto
Here are the benefits of staking crypto:
· It's an easy way to earn interest on your cryptocurrency holdings.
· You don't need any equipment for crypto staking like you would for crypto mining.
· You're helping to maintain the security and efficiency of the blockchain.
· It's more environmentally friendly than crypto mining.
The primary benefit of staking is that you earn more crypto, and interest rates can be very generous. In some cases, you can earn more than 23% per year. It's potentially a very profitable way to invest your money.
And, the only thing you need to do is to buy crypto that uses the proof-of-stake model.
Staking is also a way of supporting the blockchain of a cryptocurrency you're invested in. These cryptocurrencies rely on holders staking to verify transactions and keep everything running smoothly.
Every investment including staking crypto has risks.
Today most of centralized and decentralized exchanges provide an option to Stake crypto.
If you want to learn the difference between centralized and decentralized crypto exchanges a link to my previous video is in the description below.
How to make 500% APY in passive income on crypto https://youtu.be/MWFuqUeGjE0
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