Is there a way to earn interest and passive income with cryptocurrency? Decentralized Financing (DEFI), Cryptocurrency Exchanges, and Dividends all offer the potential for passive income streams using cryptocurrency. But there are several lesser known ways to earn passive income that you should know about also.
I am very conservative with my approach to cryptocurrency and finances in general. I believe there is a big future for cryptocurrency, however that doesn't mean I want to bet my whole financial future on speculating and wishful thinking. I am willing to take a slow, consistent approach to building wealth and my portfolio. With that in mind, the rest of this article is aimed at sharing some ways that I have found to grow my cryptocurrency portfolio with a long term view in mind.
Keep reading to learn about 11 ways to make your cryptocurrency work for you to earn passive income.
What is Facebook Libra Coin?
Libra coin is a cryptocurrency project being led by Facebook. It is an open source digital payment solution allowing customers to make transactions through Messenger and WhatsApp without the need for a bank or credit card company.
When I first heard about this project I only half understood why it was so important. The implications of this project are massive and represent a tectonic shift in financial policy, regulation, and business. If Libra Coin is launched, consumers like you and I would be quickly swept into the age of digital currency. For better, or worse, change is on the horizon. The question is will you be ready for it?
Keep reading to understand how this project works and how it would impact you.
Did you know buying a coffee with Bitcoin is taxable? In fact, almost every transaction you make with cryptocurrency is taxable. AND YOU ARE RESPONSIBLE TO KEEP TRACK OF IT!
You probably stumbled upon this article because you were asking yourself "How do I keep track of my cryptocurrency transactions?" The answer to your question is...TokenTax. Keep reading to learn the best practices for tracking your cryptocurrency...plus three important tax saving strategies.
What are dibs? dibs is a virtual currency, created by Life Leadership, as a medium of exchange between customers and participating businesses. It is an acronym that stands for Dollars Into Bitcoin Satoshi's.
You may be wondering if this program is legitimate and how it works. If you are, keep reading. You will find answers to all the questions you may have about this program and I have also included some of my recent experiences using dibs.
What is Coinbase Impact? The Coinbase Impact program is an affiliate program designed for content creators. Content creators are rewarded with 50% of trading fees for referring customers to Coinbase. This is a free upgrade to the existing referral program.
I have personally used Coinbase for most of my cryptocurrency purchases since I began buying cryptocurrency a couple years ago. I have also utilized their existing customer referral program as I have talked to friends about buying cryptocurrency. So when I heard about this improved affiliate program I was quick to test it out for myself. Overall, I have been pleased with this new program but have also found that there are some advantages and disadvantages that people should know about.
Keep reading for details about the Coinbase Impact Program.
What is Enjin Coin?... and is it the best blockchain gaming company? Enjin coin has indeed separated itself as the best of several up and coming blockchain game companies.
Blockchain games have become a hot topic in the cryptocurrency and blockchain space. They offer a unique connection between blockchain technology and the end user. I began to wonder which blockchain gaming companies had the best chance of leading the way in the future. I researched 8 different gaming companies and it quickly became clear that there is one company making major inroads toward the mainstream marketplace. Here are some important things to know about Enjin Coin.
What blockchain or cryptocurrency games are currently working and active? There is a growing list of blockchain games active in the market, and many more will be available in the near future. Arcade style games, adventure games, role play games, strategy games, simulation games and many more genres are beginning to quietly disrupt the video gaming industry.
I wrote an article explaining why video games will play an important part of blockchain and cryptocurrency going mainstream. At the same time, I began playing some of the blockchain games that are currently active in the market. I found a handful of blockchain games that were fun, addicting and paid out cryptocurrency as a reward for playing. On the other hand, I found a few games that were boring, annoying and just not worth the time. Check out my reviews to help you find some fun new games to play.
Here are the best (and worst) blockchain games and my reviews:
How will the advancement of blockchain / cryptocurrency games improve blockchain adoption? Games offer at least 6 important connections between technology and the mass adoption of blockchain in society.
My kids are getting to the age where they love video games and they will gravitate toward them whenever humanly possible. In addition, I have begun to notice that there are some really important connections happening between video games and the mass adoption of blockchain technology. With this in mind, I began allowing my kids to play blockchain and cryptocurrency games as a way for me to do research for this blog. Here is what I found...
Here are 6 Reasons Crypto and Blockchain Games Will Help Mass Adoption
What working blockchain or cryptocurrency products are there? There are many cryptocurrency products and services being developed, but there are only a handful which are currently use-able for the average consumer.
One of the things I have noticed about this industry is that there seems to be an important progression taking place. Imagine a funnel. At the top of the funnel, there are new crypto project ideas and lots of speculative financial investments (ICO's). Next, a smaller amount of businesses begin developing blockchain/cryptocurrency to better serve their customers. Finally, products are launched and consumers have access to them. Currently, most crypto projects are somewhere between the top and middle of the funnel. Which means that the true connection of products to the mainstream consumer have not even made it to market yet.
7 Working Blockchain and Cryptocurrency Products:
However, there are a few products and services available to the average consumer that I would like to introduce to you.
Is the Life Leadership C4 app legit or is it a scam? This app is helpful and will help you save money while having the added layer of blockchain type security with your transactions.
I was approached to test this new app by a friend, and decided it would be fun to do a product review about what I found. I have researched many blockchain/cryptocurrency products that are useful to the average person in their daily lives, and I am passionate about helping the average consumer understand how to successfully apply this new technology into their lives.
There were several pros and cons that you should know before you download the app. Here is what I found...