So buying low and selling high. Usually this is how you make money within crypto. But did you know investors are making thousands of dollars every month passively, as well with these few strategies in this video we'll be going over my top three favorite crypto passive income strategies and how to get started with each one of them today, by the end of This video, whether you're a whale or a little plankton, whether the market is going up or even going down these strategies here, will ensure you're still making consistent income from the crypto markets today. So to begin, the easiest way to earn passive income on your crypto is by utilizing interest, bearing accounts in terms of risk versus reward ratio.

This has the lowest amount of risk, but will yield the lowest amount of returns. Now i watch this car youtuber from time to time. His name is doug demiro and he does a doug score. So i am going to take one from his book and i'm going to come out with a jungie score.

Jungie score is going to indicate the amount of risk. If i say it's a 5 out of 5 jungie score, it means it's higher risk. If i say it's a one out of five junky score, it's going to mean it's much less risk before we talk about the jungle score for this. Let's first talk about how this works and how it even compares to traditional savings accounts so similar to a traditional savings account where you deposit money into a bank and that bank lends out money in order for you to earn interest, you can do the exact same Thing with crypto, but in this instance the bank would be an exchange and you can find yourself making way more money than you could in a traditional savings account block fi, offered rates of up to 9.5 on their website due to regulations.

The interest yield earning program did get discontinued, but there are still a number of alternatives similar to block fight such as gemini that states. You can even earn up to eight percent apy on your crypto, including stable coins. When you compare this to the national average of saving account interest rates in the us, which is currently at point, zero, six percent, the first thing that comes to my mind is that this sounds a little bit too good. To be true.

How in the world, can you earn 110 times more upside without any notable downside so far other than the fact that your money is in the crypto markets? Well, just like what we saw with block five crypto regulation is still underway, and not all crypto firms work in every state. There are some downsides in addition to that, there is no fdic insurance and putting your savings account into crypto can still be really intimidating. For many new beginners, but even with that being said, i will note that there is still some good news. Exchanges such as gemini are considered one of the safest exchanges where you can buy, sell, store and earn interest on your crypto, and that's because they're heavily regulated by the new york state department of financial services and offer industry leading security on your account.

Gemini even has their own stable coin called the gemini dollar that is backed one-to-one undergoing serious accounting audits every month to ensure their reserve funds are always met just in case of any security issues. Now, if you were to compare this to every non-crypto, traditional savings account you participate in, which would lose you money throughout your lifetime. Just because of how crazy inflation rates are. You would find yourself getting really appealed by what the crypto industry has to offer now getting started with a crypto savings.

Account is actually really simple. So what i'm going to do is download the gemini mobile, app or log into the gemini exchange in my web browser. All you do next is, then: click the earn tab. What you do, after that is you select a crypto to earn interest on and you then press earn select, how much money and how often you'd like to move funds to gemini, earn and then confirm the transfer, and you can start earning interest today.

Now, if you were to invest a thousand dollars into the market today, based on the current apy yield of the gemini dollar, you would earn 80 your first year, 167 dollars your second year 261 dollars your third year and 363 dollars. Your fourth year now say you had a little bit more money saved up and you wanted to put in 10 000 into the earned program, you'd actually net 3 630 in passive income over the next four years, literally, by doing nothing at all. So, what's cool about gemini is that they don't charge you any hidden. Fees for minimum account balances, transfer redemption fees, and on top of that, you can also get free 25 in free bitcoin to get started using my link down below when it comes to earning passive income with crypto.

This is the lowest risk method and still with the power of compound interest behind you, you can rest assure your money is truly working for you, with virtually zero downside now going back into that junkie risk score with one being the lowest amount of risk. Five being the highest, i would put this at a one out of five jungia risk score now. The next passive income strategy on my list is going to be staking. Cryptocurrency staking has been growing rapidly in its popularity because of its ease of use and the ability to earn even more additional income on various amounts of cryptocurrencies.

The principles of staking often get confused with their first passive income strategy of high yield interest, bearing accounts or what i like to call just crypto saving accounts, but there is, without a doubt, some very important differences that you want to know. First of all, in order to understand the process of earning free money from staking, you need to understand the basics of proof of stake, which is one of the two main ways that a blockchain reaches consensus or, in other words, being able to verify those transactions itself. In contrast to proof of stake, you also have proof of work and to explain this more simply, when you think of proof of work, you can imagine mining for gold for an example and in order to mine and dig up gold you'd have to work for it And find the gold before the other mining companies do the more money you have to invest in labor and machinery, the better your chances are of finding the gold mine jackpot and harvesting that gold quickly. This is why people who are into crypto mining you'll see these icelandic rigs, where it's just mega computers with the new graphic cards, so they're able to mine more efficiently and get to that reward faster than the competition.

Now in proof of stake. Things are a little bit different, it's not about how much work you put into it. Rather, it's about your current participation or stake in the network, so instead of mining quickly to beat out the competition and getting as much gold as you can when it comes to proof of stake, it's about having enough gold already on hand to buy the rights for The gold mine, if you can outbid the other mining companies, then you could be solo mining to get your gold without being the quickest or best miner on the job. Once the job is complete and was done properly.

You then get your money back, plus the gold. You mined so to proof-of-stake concept, say you had a thousand pounds of gold for bidding. You would have more leverage than someone who had a hundred pounds of gold when it comes to staking your crypto. There is a much higher potential of earning rewards, but also at the cost of these few risks that i'm going to mention here.

First, when it comes to staking your crypto oftentimes, you do have to lock it up for a predetermined period of time. Although the duration of how long you lock up the crypto is entirely up to you, if you needed to cash it out immediately in between your lock-up period, you would not be able to withdraw it until the lock-up period has been fully completed. The idea behind staking is that it's a democratic way to secure a crypto network and gives users incentives to keep their crypto locked up in order to earn staking rewards now beyond the financial gains and rewards of staking. There are some additional good reasons why you may even want to consider staking your crypto.

This is because you're directly contributing to the security of the network staking helps to give a long-term approach which generally pays off in crypto, and you don't need any equipment, and it's also a great way to educate yourself on how the technicality of crypto works. Now the top coins that currently offer staking is going to be solana, cardano avalanche, luna, cosmos, eos, binance coin and eventually ethereum 2.0. Now there is one crypto that i will talk about in another video that some of you guys may already know about, but there is no lockup period and right now, i'm receiving 73 apy, but with these cryptos you can still find yourself earning way more than those Crypto interest yield bearing accounts, but there is still that risk of that lock up period, the more you lock it up. The higher interest you'll have and the less short-term lock-up period you go through the smaller bit of interest.

You'll earn now to get started with staking. It's actually really simple, too. There are even platforms that give you promotional staking offers where you can find yourself getting 50 or more now, all right. So if you don't believe me, here's how you can get started today.

Kucoin has a variety of different tools that you can use, but what we're going to be doing in today's episode is going into the earn section. So i just went into hydra.usdt, which is the trading pair. I moved my crypto over into usdt, so it's ready, i'm gon na put it in the market buy and i'm gon na do 25. So it's about 255 dollars, i'm going to go back into the home menu go into the earn program.

We should be able to find that once again, so hydra staking flexible we're going to subscribe to this we're going to click on my trading account we're going to do all so 26 hydras make sure you do read this. There is a finite supply and how much you could do, you could only do 50 000 hydra. That would still be a pretty significant amount right there, and the redemption period is just one day, so i'm gon na click subscribe and just like that. You can find yourself staking your investment not having to lock it up for a long period of time and even earning some additional crazy amount of interest, while we're on here, let's educate you guys real, quick on being able to earn even up to 50 apr as A promotional offer now keep in mind c pool is considered a much lower cap coin, meaning there is more risk, so that is why certain coins will give you much more higher apr because it is very volatile.

Indeed, we see the c pool, we click i've read and agreed to the amount i'll put in my trading account right here, i'll press all to fill it up, and then i subscribe very simple stuff. Just with that, you can find yourself earning 53 passive income. Keep in mind it's only a three-day redemption period, so it's not too much of a lock-up either now, hopefully that video did explain it to you, and i really do think that if you're able to see the process from a to z and realize how easy it Is for you to be earning additional passive income on top of your investment, you'd, probably be asking yourself how come i never started this earlier. I i know i'd be asking myself that a lot if you're hodling, going long, which i know a lot of investors tend to do.

Why not have your crypto work for you, it's free money on the table and if you guys want to get started, don't forget to check out the links down below normally, if you sign up for gemini or kucoin, with their public offer on their app store, you Wouldn't be getting anything in exchange, i have talked to these companies and were able to get some special promotional links to my audience, so you can either get free, crypto using them or it'll. Take a percentage off of your trading fees as well, which does add up over time. I would put this at a 2.5 out of 5 on the jungi risk score now. This is slightly above the previous one, just because, instead of keeping your money in those interest yielding accounts, you do have to put your equity into other exchanges.

That could have a little bit of volatility and, like i said, the lock-up period can be restricting to others. As well, the third strategy we have is yield farming so yield farming has the highest risk, but it also has the highest upside in earning passive income. If you know how to do it right so brian, what is yield farming yield. Farming is the process of token holders maximizing rewards across various d5 platforms.

Think about it, like this dividend, investing on steroids, just like dividend, investing yield farm gives you high annual dividend payouts, and the frequency can occur multiple times a day essentially yield farming is a process of trying to maximize the return of capital through leveraging various decentralized finance Protocols, individuals who partake in a yield farming will attempt to seek out the highest yield or rates of return, which are the rates that revolve around various protocol strategies by moving the funds around between these different protocols or swap tokens for higher generating yield. These high yields range anywhere from 500 percent to even over 1 million percent apy, but i will say that there is a catch. So, in order for this process to happen, you have yield farmers which provide liquidity to various token pairs and earn rewards in cryptocurrencies so yield. Farming is a bit of a complicated process and exposes both borrowers and lenders to financial risk, and this industry has also been known for rug, pulls high volatility and even a lot more regulatory risk.

If you ever thought, crypto was like the wild wild west participating in yield. Farming will seem like being in a post-apocalyptic nuclear war zone. Now that is, if you don't do it right or you're, using leveraged yield farming, or you just happen to try to scrape a lot of those million percent apy return liquidity pools that are seriously unregulated. Now, if you want to learn more about how you could even get started with yield farming, you first need to understand what liquidity pools are and a term called impermanent loss.

Easiest way to explain this liquidity pools are crowdsourced pools of cryptocurrencies or tokens locked in a smart contract that is used to facilitate trades between the assets on a decentralized exchange, also known as a dex. Many d5 platforms use automated market makers, also known as amms, which allow digital assets to be traded in an automatic and permissionless manner, through the use of liquidity, pools literally think about a large swimming pool of everyone's money that is facilitated by the use of smart contracts. Anytime, a smart contract gets initiated, you have this pool of everyone's money and it's like okay, we can pull out five dollars and it goes here or oh, we have this smart contract, that's telling us, we got to pull out 10. It goes out here.

If you want to pull out money from liquidity pools unless you're able to hack the contract itself, you'll not be able to pull out that money unless you are using it the way it was intended to be used now, liquidity pools were created to make a better Trading experience and it also incentivized users who provided that liquidity into those pools as a reward. This would be considered liquidity, mining and you would be earned lp tokens or liquidity pool tokens. As that reward. Now i will say, although providing the funds to liquidity pool can be a pretty profitable venture.

Impermanent loss can also happen when you provide liquidity to a liquidity pool, and in this case the loss means less dollar value at the time of withdrawal than the time of deposit. So, majority of the time for many yield farming protocols, the interest is given to newly launched blockchain apps that need to sustain long-term growth. This in turn can increase community participation and secure this liquidity by rewarding users, with incentives such as governance, tokens, app transaction fees and other funds. Now, if you did want to get started with yield farming, it's actually pretty simple.

So, in order to get started with earning money through liquidity pools, it isn't as scary as you might think it is check out pancake swap this is one of the more reputable and well known dexes that you can get started on. They say it on their website used by millions trusted with billions and pancake swap has the most users of any decentralized platform ever to get started just scrolling down. You can earn passive income with crypto and you would click explore and just like, we talked about with the liquidity pools, you'll notice, the actual liquidity of the funds is stated here: there's 240 million in the cake versus bnb or binance token and you'll notice that you Can earn an apr of 34? This multiplier here is also a representation of the proportion of cake rewards. Each farm receives as a proportion of the cake produced each block.

If a 1x farm received one cake per block, a 40x farm would receive 40k per block. The amount is already included in all the apr calculations for the farm scrolling down between the pairing of these two cryptocurrencies and then the liquidity pool you'll notice that the apr between some of them are extremely high. Make sure that you don't experience that impermanent loss when you do have too much of a difference of price between depositing it and making sure that it is used for that certain pool? If i want to get started, it is as easy as connecting my wallet shortly after that i go ahead and log in i press next, i connect to my account and it says, connecting if everything was correct and i had some bnb. I would then click approve and obviously i'm not on the binance chain, i'm actually on the erc20 chain, but that is how you would get started yield.

Farming is also highly competitive, the rewards can fluctuate rapidly and the income is passive, but the research is definitely active for this. I would say that it's much better for experienced crypto traders who have time on their hands, and it may not be the best for newer investors in terms of the risk. I would give this a 5 out of 5 jungy risk score, meaning it is the highest risk. Passive income method on this list so wrap this video up generating passive income on your crypto can be a rewarding option, but as with many things in the crypto world, make sure you do your own research and please understand the risks before you jump in the amount You earn can increase or decrease based on your risk, tolerance, and i do recommend you to start out slow at first.

If you want to get started with any of the strategies, though, that i mentioned don't forget to check out the links down below in the description, and also thank you all for watching this video make sure if you still haven't done so already subscribe to the channel, Because these videos do take a bit of time uh, at least for this video idea, trying to take all the concepts and making it easy for you guys to understand and broken down it took about a month. This video took a while. So if you guys do appreciate the simplicity of some of these more little bit harder topics drop a subscription down below or even like this video. It helps it out a ton.

Now, if you are watching this video till the very end, don't forget to comment down below secret word turtle, because slow and steady usually wins a race. So thank you all so much again for watching this video and, like always, have a blessed day. Peace out.