How to Make Passive Income with Crypto - 5 Best Platforms

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When it comes to making a passive income, earning interest on savings deposits is the first thing that comes to mind. It has been around since the 18th century. However, it is the 21st century now, and there are more ways to make money while sleeping. This article introduces you to crypto staking and the five best platforms you can use to make a passive income if you own cryptocurrencies.

If you are into cryptocurrencies, you know that you can buy and sell them, exchange them for fiat money or use them to pay for services and goods on the internet. But did you know that you can earn money even when not trading them?

Crypto staking refers to holding your digital money and earning interest on it. In a nutshell, it is the equivalent of keeping your fiat money in a savings account. Similarly, like in traditional banks, where your savings are put to use while you get paid a small portion of them in return, you can stake your cryptocurrencies. They will be locked in your account on one of the platforms, like AQRU which is considered one of the best in the industry. These platforms use deposited crypto assets for operating the blockchain and keeping it secure.

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While interests on savings in traditional money are typically small, sitting at 0.06% on average, crypto staking rewards are considerably higher, going up to 14% on some platforms. So, it comes as no surprise that staking has become popular among crypto enthusiasts as a way of making a passive income.

According to Staking Rewards, the leading data provider for staking tools, in May 2022, there were 227 yield-bearing assets, and an average interest rate was