Staking your cryptocurrency is a lot like earning interest on your deposits in a bank account.
Your crypto can be staked, or locked inside the network, in exchange for the chance to produce a block, which in turn, you would receive a reward for. This is called Proof of Stake.
You can however earn interest on your cryptocurrencies, even if they don’t have native Proof of Stake.
This is possible because traders and institutions are interested in borrowing these assets. Therefore there are companies which will pay you interest if you lend them your coins. This is a more accurate example to earning interest with a bank analogy that I made earlier.
Companies I use to earn interest on cryptocurrency:
CELSIUS NETWORK:
Sign-up using my link and earn $20 in BTC when you make your first deposit of $200 or more:
CRYPTO.COM:
We both get $25 when you use referral code “03ylgzpzp4”. Download the app and stake 2500 CRO or more, and apply for a Ruby debit card or higher to recieve the sign-up bonus.
BLOCKFI:
Sign-up using my link and you get 10$ worth of Bitcoin when you deposit $100 or more
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Ledger Wallet:
Trezor:
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👋 I’m a cryptocurrency enthusiast and I can’t wait until everyone will use this technology. With this channel, I’m doing my part of making it easy for beginners to get into Bitcoin. Hopefully, we’ll also earn some nice money as this technology develops and earn our freedom from the greedy banks.
⚠️⚠️⚠️ Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don’t invest money you can’t afford to lose. There are no guarantees or certainties in trading or investing.
My videos may contain affiliate links or sponsorship to products I believe will add value to your life and help you in trading. No matter what I or anyone else says, it’s important to do your own research before making a financial decision involving cryptocurrencies. ⚠️⚠️⚠️
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