The growth of descentralized finance (DeFi) has been motivating the emergence of specific platforms to trade these products. However, the high volatility of cryptocurrencies requires a lot of research for the investor to make money with blockchain. But there are other ways to earn income in cryptoassets.
One of the ways to get passive income is to keep your balance stored on some platforms, receiving a percentage of profit. In addition, some of them also allow cryptocurrency lending (which means you can be both the borrower and lend your assets and profit from it). Here are the top 6 options for earning income in cryptoassets.
1. Celsius Network
The platform, which allows the storage of up to 38 different cryptocurrencies, offers an annual passive income of up to 18.55% for platinum level users. In other cases, earnings reach up to 16.54% per year.
The platform functions as a cryptocurrency lending company. In this way, investors lend their assets to other users and, as a reward, profit from the interest of the transaction.
Celsius reportedly exceeds US$ 10 billion in managed assets and has more than 500 thousand active users worldwide.
2. Crypto.com
Investors can choose from 95 different cryptocurrencies, with annual income of up to 12%. Those who do not want to keep the assets stored for a year, need to wait at least 3 months to withdraw the balance.
One of the differentials of the platform is the possibility of using your cryptocurrencies for the purchase of physical goods and services, by transferring to a Visa card.
3. YouHodler
The platform accepts 25 cryptocurrencies, including bitcoin, with a profit of up to 12%. In addition, it also allows the purchase and sale of tokens.
4. BlockFi
The passive income for holding a cryptocurrency balance on the platform is 8.6% per year. However, BlockFi only allows the storage of eight cryptocurrencies, most notably stablecoins that have their price tied to the US dollar, such as Tether (USDT) and USDC.
5. Hodlnaut
Hodlnaut offers the possibility of passive income in five different currencies, with a profit of up to 8.3% per year. There is no minimum deposit required and the cryptocurrencies can be stored indefinitely.
6. Binance
With the possibility of being used in more than a thousand different currencies, Binance offers profits of up to 7% per year for stablecoins, and users can save as little as US$ 1. The minimum withdrawal period is 3 months. This is one of the best known platforms for those who want income in cryptoassets.
