Life is expensive, we can be brief about that. Gas prices are rising rapidly, rents are rising and groceries are also becoming more expensive. Food and drink are a major expense. According to the data of the Nibud the average single person spends between €180 and €210 per month on groceries. On top of all other fixed costs, there is currently very little left for many people to save.
However, not everything has to be negative. Nowadays there are several ways to generate (passive) income and crypto is one of them. There are plenty of options to work with, for example bitcoin (BTC) to make money. Think of crypto strike, trading crypto or even trading using bots. The latter can be done with a Dutch crypto broker, among other things Coinmerce.
Coinmerce bots
Thanks to Coinmerce bots it is no longer necessary to trade in crypto yourself. Coinmerce bots use handy algorithms that recognize signals in the market. This allows them to know when to buy or when to sell. They never sleep and the cost is low. If no return is achieved, there are no costs at all. However, you can (partially) lose the invested amount. Using a Coinmerce bot is ideal for traders who do not always have the time and inclination to closely follow all prices and markets.
crypto strike
In addition to trading with the help of crypto bots, Coinmerce also allows you to earn money by ‘striking’ your cryptocurrencies. Bitcoin cannot be used for this, but at the moment there are more than 10 other coins. Crypto Staking is essentially locking up a cryptocurrency and then earning interest on it. This is then the reward you receive for making your coins available. Staking is a method used by blockchains to verify transactions and secure the network. When enough parties have ‘approved’ a transaction, a new block are created on the blockchain. Crypto owners can use their coins for staking and then, as mentioned, receive a reward for this. The whole process of verifying and approving is Proof of Stake (PoS) named.
A small calculation: stake €15,000 with a Annual Percentage Yield (APY) of 7% and you earn €1,050 on an annual basis. Suppose your groceries cost € 180 per month, you have at least been able to cover half of it.
Check out Coinmerce if you are curious about the strike options they offer.
