After the latest halving, the cryptocurrency market continues to go through turbulence. At the beginning of May, nearly all top coins lost up to 10-12% of their value, which led to million-dollar liquidations of open long positions on exchanges.
However, within a week, BTC managed to recover and reach $65,000. Volatility in the sector will continue for several more weeks, so new liquidations are inevitable. Novice traders should avoid risks. A more reliable and efficient way to earn is getting passive income from various manipulations with cryptocurrencies. I’ll talk more about this below.
Mining cryptocurrency in a pool. This is one of the simplest and most efficient ways to earn on BTC and some other coins. Why am I highlighting Bitcoin? Because this coin is currently capable of bringing significant profits to miners. Despite the rewards getting 50% smaller after the halving, income from fees in the network continues to increase. Over the past two years, the size of the fees increased from 1% to 7% due to the expansion of the blockchain itself and the creation of a certain ecosystem. This means that miners’ profits are growing regardless of the reduction in rewards. And we’re only talking about mining Bitcoin. Add other coins that are mined in our pool today, like Dash, BCH, LTC, and others, and you’ll see that this approach is truly profitable.
To join the pool, all you need is to transfer your computing power into our ecosystem and continue mining like you did before. At the same time, the miner doesn’t need to be constantly near the ASIC or monitor the work of the entire pool. Rewards will be sent automatically to the user’s wallet on the EMCD platform, and withdrawals are available within 24 hours from the moment of application.
Savings accounts. Another option for passive income on cryptocurrencies is savings accounts. This is a tool familiar to many that has come into the crypto sector from banking. Users deposit funds into their account and simply hold coins on it, receiving rewards. Currently, our company offers several types of accounts: flexible and fixed.
| FlexibilityCoin | BTC, ETH, BCH, LTC % | USDT, USDC % |
| 360 days fixed | 8% | 14% |
| 360 days flexible | 6% | 10% |
| 90 days fixed | 6.5% | 9% |
| 90 days flexible | 5% | 7% |
| Flexible | 3% | 5% |
Users can earn up to 14% annually on cumulative accounts in USDT and USDC. No bank in the world can currently offer rates this high on deposits.
What’s the difference between fixed and flexible accounts? In the case of a fixed account, users don’t withdraw funds before the end of the established period. If a client decides to withdraw, they lose all their accrued rewards. In the case of flexible accumulation, the user decides when to withdraw the funds. At the same time, their earned rewards aren’t lost.
P2P exchange. I cannot say that peer-to-peer is entirely a passive way to earn on cryptocurrencies, but it can be quite effective and profitable. In this case, merchants can earn on the price difference between cryptocurrencies and fiat money on different platforms. As the rate of cryptocurrencies remains unstable, users can earn 2-10% on the price difference, which can be a significant profit within a month. Today, our P2P platform offers fiat currencies like the Russian ruble, Ukrainian hryvnia, Kazakhstani tenge, and Indonesian rupiah. Crypto assets available include BTC, LTC, ETH, BCH, DASH, ETC, DOGE.
Conclusion
Long-term investments in cryptocurrency are one of the calmest strategies, suitable for both novice and experienced investors. By buying coins during periods of decline and using them as an investment tool, you can obtain good profits without high risks and active involvement.
Furthermore, the expansion of ecosystems around blockchains allows miners to earn more and faster, which can also be a great source of additional income. Join us now on the EMCD platform.
