There are some risks involved, but there are several ways within the crypto industry to put your wealth to work. You can earn more crypto this way, without having to trade or invest. In fact, you invest in this way by taking a certain amount of risk.
How is that possible? We’ll take a closer look at that in this article.
Strike
The first and most secure option is staking. All you need to do for this is one Proof of Stake Find blockchain that you have a lot of confidence in. Then you buy the coins or use coins that you already own. Normally you would then have to run a node and actually stake those coins on the network.
Nowadays, however, it is possible to outsource this technical part to a stock exchange platform. The disadvantage of this is that you have to hand in a small part of the return to the stock exchange. But on the other hand, that makes sense, because they take the technical part off your hands.
At Coinmerce, for example, it is possible to strike. You can choose to place coins like Cardano or Tron with them for a certain percentage. At Coinmerce you get 4.50 percent on an annual basis on your Cardano holdings and 4.0 percent on Tron. Create an account with Coinmerce here.
Striking won’t make you rich, but it’s a way to get your stagnant assets to do something for you. There are coins that offer a higher percentage, but of course there is also more risk involved. These are often currencies that are slightly less stable in terms of price.
Earn programs like Coinmerce Earn
What you also see a lot at fairs these days is that they have a so-called ‘Earn program’. This is a way for an exchange platform to attract crypto. For example, you can earn 0.80 percent on your bitcoin at Coinmerce and unplug those coins whenever you want.
The risk is of course that a stock exchange platform like Coinmerce falls over. So always be aware of that when you choose these types of options. Especially if the returns they offer seem too good to be true, this is often the case. What you saw with previous parties that threatened to go bankrupt was a continuous increase in these returns. So always do proper research first and be aware of the risks.