Is it possible to earn passive income with SGD and cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, it is possible to earn passive income with SGD and cryptocurrencies. One way to do this is by staking certain cryptocurrencies that offer staking rewards. Staking involves holding a certain amount of a cryptocurrency in a compatible wallet to support the network's operations. In return for staking, you can earn additional tokens as rewards. Some popular cryptocurrencies that offer staking include Ethereum, Cardano, and Tezos. By staking these cryptocurrencies, you can earn a passive income in the form of more tokens over time.
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• Dec 18, 2021 · 3 years ago
  Definitely! Investing in cryptocurrencies can be a great way to earn passive income with SGD. You can consider participating in decentralized finance (DeFi) platforms that offer various opportunities for earning passive income. For example, you can lend your SGD or cryptocurrencies on lending platforms and earn interest on your holdings. Additionally, you can provide liquidity to decentralized exchanges (DEXs) and earn trading fees. Just make sure to do thorough research and understand the risks associated with each investment option.
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• Dec 18, 2021 · 3 years ago
  Absolutely! With BYDFi, you can earn passive income with SGD and cryptocurrencies. BYDFi is a decentralized finance platform that allows users to earn yield on their crypto assets. By depositing your SGD or cryptocurrencies into BYDFi's liquidity pools, you can earn interest and rewards. The platform utilizes various DeFi strategies to generate returns for its users. It's a simple and convenient way to earn passive income while holding SGD and cryptocurrencies.
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