Are you looking for the best opportunities for Bitcoin and crypto passive income?
Well, you have come to the right place.
Read about how you can earn more cryptocurrencies by interest accounts, staking, lending, yield farming and more.
This is a guide on how to invest Bitcoin to earn passive income on your Bitcoin and crypto holdings.
However, if you don’t have any Bitcoin or crypto you must first buy some.
No Financial Advice, Information only. Do your own research
Introduction to Bitcoin and Crypto Passive Income
There are several ways to earn adequate money from bitcoin passive income channels.
In this article, we cover the different ways we currently using ourselves since we believe those are the best.
We will also summarize in the end why we didn’t include certain Bitcoin passive income possibilities and why we have ended spending time on those.
Binance for Bitcoin passive Income
Binance is offering most different options for passive income in one place. Also, Binance is the best Bitcoin and crypto exchange.
At Binance you can use several services to earn passive income, including
- Flexible savings account
- BNB vault
- DeFi staking
- Liquidity providing
Binance Staking as passive income
By staking you cryptocurrencies you can earn passive income just by hold them. In addition, you will earn extra if the cryptocurrency increase in price while you stake them.
Not all cryptocurrencies are possible to stake but the the hash algorithm, Proof-of-stake gains in popularity and we will see more of this phenomena.
Many exchange now offers different staking opportunities. Binance is definitely the best place for staking and they have most different options for flexible staking, locked staking or defi staking.
You can earn anything from 1% up to 25% on Binance, dependent on what cryptocurrency you choose to stake.
Read more about Binance in our Binance review.
On Binance, you can stake many different cryptocurrencies. Also, Binance offer many different types of staking. One form of staking is locked staking. Locked staking means that you lock your asset for a certain period of time that is usually 15, 30, 60 or 90 days. the longer you lock your assets, the more you will receive in return.
Below, you can see a screenshot from Binance locked staking with returns.
Binance Savings as passive income
Binance saving feature can be considered as a more safe alternative to other passive income sources on Binance.
However, if you go for a more safe alternative, you can also expect a bit lower return.
Binance sasving product is available as flexible saving and locked saving. As the name suggest, with flexible saving you can withdraw your funds whenever you want while you have to lock your funds for a certain period of time to receive the higher return.
In the screenshot below you can find some rates from locked saving.
Get -20% on all fees charged by Binance with our referral code
Crypto.com Bitcoin Interest Account
Crypto.com has a feature called Earn in their mobile app which is a Bitcoin and crypto interest account. Here you can deposit your crypto in a flexible account or lock it for 1 or 3 months.
You can stake CRO in the app and get 10+2% interest on your CRO holdings. The CRO staking in the Crypto.com app is only for getting a CRO Visa card with better rewards.
You can get a $25 bonus when you sign up with the Crypto.com app with our Crypto.com referral code. You need to deposit and stake 2.500 to release the bonus.
Crypto.com also have a desktop version where they offer somewhat different features. Here, you can stake your CRO for a passive income or deposit to Crypto.com Supercharger which you can read more about in our dedicated article.
For the CRO staking in the exchange you have to lock you CRO for 6 months and you will earn 10% interest with daily payments. For this, you will get lower trading fees and more rewards which you can see in the screenshot below.
You can get a $50 bonus when you sign up with the Crypto.com exchange with our Crypto.com referral code. You will need to stake 5.000 CRO to release the bonus.
– Flexible contract lengths (Also, lock for 1 month or 3 months in the app)
– Interest account for many different cryptocurrencies (in the app)
– Supercharger feature (in the desktop version)
– You can only earn passive income in the app
– Low interest rates (even if you stake 250.000 CRO)
Crypto.com Referral Code: mcmk7qgbhh
Celsius Bitcoin Interest Account
Special promo: Get $40 FREE. Sign up as a new user and deposit at least $400 worth of crypto and hold it for 30 days.
Investors can earn Bitcoin through Celsius Bitcoin interest account, paid on a weekly basis.
Celsius Network has a loyalty plan where you will earn more interest if you hold more in the CEL token. The loyalty level is calculated as a ratio between your total holdings and your CEL holdings.
Plans are completely flexible, while interest rate stands between 3% and 14%, depending on whether you wish to earn in CEL token.
However, you do not have a minimum deposit limitation and can start earning immediately after the registration.
– No minimum deposit limitations
– Downloadable app
– 20$ bonus
– Great interest rates
– Great reward an loyalty program
– Free withdrawals
– No desktop version
– No exchange feature
– You can not buy, or sell, CEL tokens in the app
In the screenshot above, you can only see a portion of all cryptocurrencies available on Celsius to earn interest on.
Blockfi Bitcoin Interest Account
Blockfi Bitcoin interest account can help you earn up to 6.2% on your crypto deposits.
The platform employs tiers on their programs, depending on how many BTCs you wish to deposit.
So, between 0.5 and 10 BTC will get you 6.2% while more than 10 BTC will get you 2.2% of the interest rate.
Additionally, 0.5 BTC (around $5,500) is a minimum deposit amount. Payments of interest are made at the beginning of each month.
Read more about BlockFi in our BlockFi Review.
– Flexible deposit
– Exchange/Trading feature
– You can choose what cryptocurrency you want your payments in
– Few cryptocurrencies
– Payment once every month
– Only 1 free withdraw per month
Nexo Bitcoin Interest Account
Nexo Bitcoin interest account is quite attractive in terms of deposit requirements. You do not have a minimum amount of cryptos that need to be deposited nor do you have any timeline limitations. Thus, you can deposit, earn daily, and withdraw at your leisure. Interest rate is 8% annually, higher than with other platforms. Read our full Nexo io review 2020 to see all interest rates.
However, the company works only with stablecoins (USDT, TUSD, USDC, PAX, and DAI). Thus, you need to swap your Bitcoins with stablecoins and then use Nexo savings services.
– No minimum deposit requirements
– Interest paid on daily basis
– Interest for fiat currencies (No other platform offers this)
– No exchange feature
– Not possible to buy Nexo tokens on the platform (or it is possible but expensive)
Coinbase offers staking products in their application. here, you can get up to 6% on your idle crypto holdings as you can see in the screenshot below.
However, Coinbase only allow certain locations to sign up for their staking produts. See more below which countries are allowed to participate in Coinbase staking.
If you don´t live in any of the listed countries, you can check Kraken or Binance for similar products.
Read more about Coinbase in our Coinbase review.
Coinbase only allow staking for certain locations including
- The UK
- The US*
*excluding New York (for Ethereum, Tezos, and Cosmos) and Hawaii residents
Kraken offers staking in more cryptocurrencies than Coinbase.
In the screenshot below, you can see all available cryptocurrencies and the rates you will receive.
Its very easy to start staking with Kraken.
- Deposit staking assets – Buy assets or fund your Kraken account with one of the assets that are eligible for staking below.
- Select an asset to stake – Choose from the available assets in your spot wallet.
- Earn rewards as passive income – You will receive rewards twice a week from your staked assets.
DeFi staking and Passive Income
Below, we present some DeFi alternatives to earn crypto passive income. For a beginner, we don’ t recommend to test these platforms since they are quite technical and there are some risks involved if you don´t know how to operate Metamask.
With Uniswap and Pancakeswap you can earn high yields by becoming a liquidity provider. However, there are certain risks involved as a liquidity provider and you should be familiar with expressions like impermanent loss.
With 1inch you can stake your asset to be able to vote or just receive passive income.
1inch is a decentralized exchange aggregator(DEX) for the Ethereum chain and the Binance smart chain.
In the screenshot below you can see how to stake the 1inch protocol. First, click on DAO in the top menu. After this, you will see how many 1inch tokens you have available in your wallet for staking.
In the top you also see the 1inch logo in the colored field. Here, you can see how many tokens you currently stake. If you click on this logotype you will get more information and see what the current staking reward is.
How to earn Passive income with PancakeSwap?
Pancakeswap is a decentralized exchange, or automatic market maker(AMM), on the Binance Smart Chain. Pancakeswap offers liquidity mining and syrup pool staking.
As you can see in the screenshot below, you can navigate between Farms and Pools in the right menu.
Farms – Liquidity farming (Liquidity providing, Liquidity staking).
Pools – You will deposit CAKE into different Syrup pools and earn CAKE or some other cryptocurrencies available.
Earn Passive income with Uniswap
Uniswap is a decentralized exchange (AMM) on the Ethereum chain.
With Uniswap you can earn passive income by being a liquidity provider.
As you can see in the screenshot below, you click on “Pool” in the top menu and after this, on “new position”.
Here, you will enter the details for what range you want to provide liquidity and what fee you will charge.
No Financial Advice, Information only. Do your own research