There are plenty of ways to make money. As a rule, income could be active and passive. If you rent out an apartment to someone, you may have a passive income as a result. In cryptocurrency, it is also possible to have passive income. Let’s take a look at how passive income can be achieved in cryptocurrencies.
Passive income in the form of staking
Having more sources of income is definitely worthwhile these days. And if you trade cryptocurrencies, you’ve probably already come across the term “cryptocurrency staking”. What does it mean? It’s when you lock up your coins as a deposit and then reap certain benefits from it. It may remind you of some banking products, but unlike them, staking can earn you as much as 10% annual appreciation. And of course, the more you lock, the more you get.
PlatonCoin and staking
Platon Finance also offers staking of the cryptocurrency PlatonCoin (PLTC). Right on the main page, you will also find a calculator where you can calculate how much you will receive in case you opt for this form of passive income. For example, if you lock 20,000 PLTC and opt for staking for 6 months, you will receive a total of 720 PLTC, i.e. 120 PLTC per month.
However, you can lock in any amount starting from 100 PLTC for 3, 6 or 12 months, with the annual appreciation varying depending on the time. The longer you stake, the more you earn.
Emotions and learning
Cryptocurrency trading is a lot about emotions, and staking offers you an alternative to earn passive income while bringing calm to the emotional ocean of trading. At the same time, this is one of the very useful methods to research if you want to start trading cryptocurrencies and are worried about losing your money. Of course, the golden rules still apply, namely to invest only as much as you can afford to lose. Always use great caution and the education we can provide you at Platon Trading Academy.