So aside from actively trading and investing into the cryptocurrency market, there are surprisingly a ton of ways where you can earn additional passive income. That requires little to no effort to maintain in this video, we'll be going over some of the different ways that you can earn passive income with crypto and how you can get started today before we get started with this video. If you guys appreciate all the free content and the hours of research that i spent in order for you guys to start winning and start making, some bread today go ahead and hit that, like button down below youtube, will go ahead and show you more videos similar To this, where you can learn more about how to make money on the money that you already have, because who doesn't want to make free money help on my channel help get more education for yourself. It's a win-win smash that like button and let's get into number one smash all right, so i haven't heard anyone really talking about this and i think it's the most slept on form of passive income while earning cryptocurrency.

Now, i'll be honest, it's not super super passive income, but compared to most nine to five jobs. I believe right now, you're getting a ton of benefits, which i will explain right now. So, like most beginners, if you had the intention of doing research and educating yourself anyways, why not get paid cryptocurrency for it? So coinbase has a program that many people often overlook, and this is called the coinbase earn program. All you have to do is watch one to three minute videos and take some short, easy lessons and you get rewarded and free cryptocurrency.

Now look you're, not gon na, be the next mega millionaire or bill gates from taking crypto lessons on coinbase. But if you are a beginner and you don't have a lot of money to start with or you're just bored and you want to make the easiest 30 ever you may learn some new valuable information all while getting paid now to get started with this. It's literally the simplest thing ever make sure you sign up for coinbase. If you use my link down below in the description, you can get also 10 after depositing 100 into your account, and you can get started right there today.

I do want to mention that this may not be the most practical way of earning passive income, but this is why we're gon na talk about our next two points. So for number two we have yield farming yield. Farming is simply the practice of staking or lending your crypto in order to generate high returns or rewards yield. Farming is the main reason why the d5 sector blew up in the year of 2020.

and to give you a bit of context on the numbers and situation. The tvl also known as a total volume locked in the sector representing the dollar value of assets that crypto users were staking or lending out, went from one billion dollars now to over 49 billion in just one year. The growth is absolutely insane within this industry, and that is for many reasons that i'm going to mention here so d5, also known as decentralized finance, has proven to be faster, cheaper and in almost every way better than traditional banking, and it also opens up so many New possibilities for improvements within the formal finance sector, we won't be diving deep into the technicality of the difference between yield farming, crypto mining and staking because it would frankly just be outside the scope of this video. What you need to know is that they all look the same on the front end you put money in it, spits crypto back out, but the back end is very, very different with all different type of processes, which also determines the level of risk and reward.

Now, to get started with one type of yield, farming - let's first discuss staking a token and how you can get started today, and also what kind of rewards you should expect to see. It would be amazing to be earning an extra hundred dollars passively a day without doing anything at all, and i do believe with this type of crypto. You really really can, depending on how large your initial investment is so under that term of yield farming. Let's talk about staking so for cryptocurrencies that operate on the proof of stake model like cardano, ethereum and polka dot, just to name a few staking allows you to lend your coins to the network, to validate transactions and in exchange for lending your coins to them.

The network rewards you with additional coins, effectively allowing you to earn that interest. You see on your amount, so brian, how do we get started with this? How much money can i really make from this to better explain? Let me show you exactly what i've been doing for the past few years now hands down in order to get started. My favorite app to stake is going to be crypto.com. In order to sign up, you can check out my link down below you'll get 25.

If you use my link and if you stake 400 they'll, give you a crypto visa debit card, which is frankly pretty cool, some of them offer you free spotify and free netflix as well. Now. The first thing that you want to do is press the middle icon. The crypto.com logo at the bottom of your screen.

You then want to go into the finance and earn section and right there. You can see that i have a v chain locked up for three months, earning three percent on that amount. If i wanted to stake additional crypto, all i would do is click on the plus icon on the side and select which crypto i want to stake in next. I then choose a crypto that i have in my wallet and then select a term anywhere flexible from one month to literally it's called flexible or the three month term.

That gives me anywhere from two to four to even six percent per annum. Now i do want to mention the crypto that you do decide to stake will move accordingly with the market price. So if it goes up, you will continue to earn more off that initial investment. Now, after that, all you have to do is just check the four terms that you see and then deposit the minimum amount needed for that coin.

To stake staking your coin is super easy. It's pretty straightforward! You can choose what terms you want. You could be flexible with it and still earn up to one percent on that amount, but i do want to mention towards the end of the video we'll talk about some of the downsides as well, so make sure that you guys continue to stick through this. Now.

The next method on earning passive income with crypto is by lending your crypto out, similar to a traditional cash loan, where the borrower of that money pays out interest to the lender. Now, in the past it's been pretty difficult to do this, but there are some new companies on the block, no pun intended, so you can start with block vine. They've made it very easy to get started today. So, instead of lending your crypto out to like a random guy on the street or someone you're, not sure, if they're going to pay you back what block fight does, is they lend out your crypto to established enormous financial institutions that borrow your money from blockfy and What they do is they're able to make higher returns on that loan and then blockfy compensates you by paying interest on that loan.

So it's a win-win-win situation, at least in my book, so crypto lending is attractive because it does guarantee you make additional income on your investment all while you still do no work at all. I guess that's really the meaning of passive income right now, block fi earns you up to eight percent back for depositing bitcoin to their platform. Hopefully it goes up. I think it would be amazing to see it go up to even 10, which i don't think is impossible to happen in the future.

So in order to get started, this process is extremely simple. First, make your account using my link down below in the description you'll find yourself getting anywhere from 15 to 250, depending on how much you deposit into that account. All you have to do next is click deposit on the top bar and copy your wallet address to whatever platform you have your crypto on and then transfer it into block fi or you can simply just link your bank account or wire transfer your amount and you're Ready to go, you can withdraw your investment at any time and the fees of your first withdrawal every month are completely free. So if you don't like block five for whatever reason deposit your money and be like okay, i earn like you know: 10 bucks off interest.

Withdraw it if you want cash out your crypto, if you want put it back into your bank account, this is just another utility service that you can use in order to create free money. If you're not too concerned about the market, you don't want to actively invest, and you know that you're going to be holding long term, i literally just kissed the mic. I don't know how i got so close to this now i do want to mention. I don't recommend you to lend your crypto out on any other platforms.

I suggest you go with the trusted leading companies that i vouch for so you don't fall victim to any scams bugs hacks or malware within the system. Now i do also need to mention in this video that there are risks earning passive income with crypto and while the rates have been pretty impressive and the performance has generally been squeaky clean, you have to keep in mind that depositing your assets with this company always Carries a small amount of risk so be sure to allocate accordingly and to keep some of your holdings in a safe conservative spot. I keep a base foundation of my crypto investment in cold storage with my keys off the network because, as you know, not your keys, not your crypto and then i invest everything else in a in a different whoa, whoa whoa in a variety of different apps and Exchanges for the most part, i have heard great things for anyone simply trying to earn a bit of interest on their amount, especially in the bowl cycle that we're in currently. Now i would be more cautious about staking only because if you do have to commit three to six months and the market does change because of volatility, and you want to get it out.

But you can't because you're staked that's a little bit of a different situation where, if you were to put your money into a lending platform like block buy and you can pull it out at any time, just in case, you need that money. For whatever reason you have that flexibility to do so cold storage, i do recommend checking out the ledger nano x. That is something i will have listed down below in the description as well, and if you made this far into the video, you should be on your way to knowing exactly how to make more money off the investment that you're, probably already bullish or making money on. Because the last year, or so in crypto has been positively, i would say positive.

It's just been positive for most people out here, like always, if you enjoyed this video smash that, like button down below subscribe to this channel, if you are new, if you want to follow along, if you enjoy this type of educational comment and comment down below steak, But comment it down below like the steak that people eat not the steak that we're talking about with crypto. That's the key word for this video. Like always don't forget, to check out the links down below in the description. Follow me over on instagram.

Follow me over on twitter check out the links down below in the description have a great day and until next time, peace out much love, see y'all again.