With current U.S. inflation rates hovering around seven percent, it has become more important than ever for your money to outgrow inflation. The easiest way to do this is through passive income. Passive income is income that requires little to no labor. In this mini-guide, I will present you with the top three easy ways to generate passive income easily, so you can earn money while you sleep.
1) Celsius.network
Celsius describes itself as an app that allows users to earn and
borrow cryptocurrency. Recently, their app has been updated to allow users to buy, swap, earn and borrow cryptocurrency. Users can earn up to 17% APY on cryptocurrency simply by holding cryptocurrency on their platform. 17% APY by far outpaces our current 7% inflation rate. USDC(a stable coin equivalent to $1) earns users 8.5% APY. Accredited investors can earn up to 10.74% APY! You create an account, buy USDC using a credit card, debit card, or bank transfer, then sit back and receive the APY passively!
Link: https://celsiusnetwork.app.link/13014629de
2) Block-fi
Block-fi describes itself as the easiest place to buy, sell and earn crypto. They have over one million clients and are trusted by more than 350 global institutions. Block-fi also offers a Visa signature credit card, useful for everyday purchases and users earn rewards in crypto! Users can earn up to 9% APY on cryptocurrency simply by holding cryptocurrency on their platform. USDC(a stable coin equivalent of $1) makes users 9% APY. You create an account, buy USDC using a credit card, debit card, or bank transfer, then sit back and receive the APY passively! When you sign up with the link below, you can get $10 of free Bitcoin!
Link: https://blockfi.com/?ref=27332f82
3) Gemini
Gemini describes itself as, “A regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy bitcoin, ether, and other cryptocurrencies.” Gemini offers a MasterCard credit card that allows users to earn rewards in 40+ cryptocurrencies available on their platform. Users can earn up to 8.05% APY on cryptocurrency simply by holding cryptocurrency on their platform. USDC(a stable coin equivalent of $1) makes users up to 7.99% APY. You create an account, buy USDC using a credit card, debit card, or bank transfer, then sit back and receive the APY passively!
Link: https://www.gemini.com/
Honorable Mention
Coinbase:
Coinbase is the most well-known U.S.-based cryptocurrency platform and arguably the top crypto exchange worldwide. Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency. Coinbase will also be releasing a Visa debit card that will allow users to spend crypto or US dollars on everyday items and receive crypto back in rewards. Their learn and earn section enables you to acquire different types of crypto by reading about them and taking a short 5-minute quiz. Users can earn up to 5% APY on cryptocurrency simply by holding cryptocurrency on their platform. DAI(a stable coin equivalent of $1) earns users 2% APY. You simply create an account, buy DAI using a credit card, debit card, or bank transfer, then sit back and receive the APY passively!
Link: https://www.coinbase.com/join/reid_v7j