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Passive income is money earned through a rental property, intellectual property, investment as a silent partner, shares dividend, and any business that does not require active involvement before profit is earned. But the arrival of Web 3.0 has changed how people earn passive income as another kid is now on the block.
Welcome to a decentralized economy, powered by blockchain and driven by an ecosystem of cryptocurrency trading platforms like Kucoin.
What Is Passive Income Opportunity In Cryptocurrency?
It is when a crypto investor set aside a portion of their capital for staking, farming, lending, and cloud mining in return for annual profit. So it is important to factor in the risks and reliability of the platform where the capital is being utilized. As much as crypto passive income can help you live your dream life, it is also important to ensure that your capital is somewhat preserved. As you have learned, when capital is lost to scammers, there is no chance of fighting back, it is a lost battle.
Types of Passive Income That I Find Interesting On Kucoin
- Kucoin Lending
- Kucoin Shares and
- Kucoin Affiliate Program
Is KUCOIN Lending Better Than Keeping Money In Your Traditional Bank Account? Find Out
In order to maximize this opportunity, it is important to understand the crypto market dynamics if you want to leverage the opportunity in the Kucoin Peer-to-Peer Lending Market. At the time that this article was published, the crypto market is in bearish mode. Most coins have lost 50-98% of their value since the all-time high, this is a buy signal for coins that have been around for a long term. Examples are KCS, BTC, ETH, FIL, DASH, LTC, XMR, and so on.
When you buy coins like these with an intention to keep them for the long term, transfer them to your margin account and lend them to margin traders on Kucoin for daily ROI. It is more profitable as the amount of your coin keeps increasing.
Let's Do A Simple Maths
Using Ethereum as an example, buying Ethereum at $1000 per Eth means you have 1 ETH on Kucoin. Move the ETH to the Margin Wallet and allow it to earn daily interest of 0.05%, when you multiply 0.05 by 28 days, it gives you 1.4% monthly returns on investment. You are increasing your ETH by 0.014 every month. Isn't this a sweet deal? If you are lending out your coins every month for two years, you will increase your coin by 0.336 ETH after a year if you are not leveraging compound interest.
For Compound Interest, you will earn additional 0.4 ETH on your investment. This is where it gets more interesting, should another bull market emerge in 2024, and 1 ETH is now valued at $5,000/ETH. You are going to cash out 1.4 x $5000 = $7,000 because you have earned extra Ethereum through Kucoin Lending.
Kucoin Shares Makes You A Share on Kucoin Exchange
It works like staking except that as long as Kucoin exists as a company, this pool will never be exhausted. Here is how it works; you need a minimum of 6 KCS coins in your Kucoin Exchange wallet to qualify for the daily reward KCS. It keeps coming to your wallet every day until you decide to sell.
If you invest $10,000 into KCS now you are investing in one of the fastest crypto ecosystems in the world right now, as the market is down at the moment, it presents a big opportunity because APR on KCS is 50%. If you compound this for a period of 3 years, it can make a big difference in your portfolio. Imagine KCS at $100/coin, this is possible because KCS are bought from the open market and burned every month, thereby reducing its circulating supply and increasing the dollar value of your coin.
This is the simplest passive income opportunity in crypto because it does not involve any technical details, simply sign up on Kucoin Exchange, deposit fiat with your credit/debit card, buy KCS, and leave it in your account, and watch how it keeps growing.
You Can Make Kucoin Affiliate Program Your Retirement Plan
The heading looks strange to you, right? Yes, I Know. You are probably asking questions like; how on earth can I retire as Kucoin Affiliate? Well, let us play with human imagination a little bit.
Recently, Techcrunch reported that Kucoin now has. 18,000,000 users in the world, and the global population is over 6 billion. There are still a lot of people who have not heard of Kucoin before, it is an indication that there is an untapped opportunity for you if you would just try and invite your friends to Kucoin.
If you invite 200 friends and they trade $1m volume every month on Kucoin, the platform charges 0.1% as taker fees and 0.1% as maker fees. Mathematically, for every $1m trading volume, Kucoin earns a $20,000 commission. As an affiliate, you will earn 40% from Kucoin's commission, this is a whooping $8,000 straight into your trading account!
Guess what? You can withdraw and do all you like with it. If you earn $8,000 per month for 5 years, it is $480,000. This is enough for most to travel around the world and retire. The good news is that you will continue to earn this passive income till the end of time.
This kind of opportunity is hard to come by.
How to Become Kucoin Affiliate
- Create an account with my Affiliate Link if you don't have an account yet.
- Make sure that you have a community and fan base, for instance, if I am a YouTuber with over 1,000 growing subscribers, I can apply because it will be easy to share my affiliate links with my audience.
- Fill out this form and submit it.
Kucoin will reach out to you with an affiliate link that you can promote.
- That's all you need to become a Kucoin affiliate and enjoy a 40% commission on trading fees for life.
Earning passive income sets you free from working all day of your life, it gives you financial security. During the last global pandemic, people who have crypto passive income earned massively. No one has an idea of the next crisis that will hit the world, but there is a lot of wisdom in preparing for any outcome. And one of the best ways is to start building a passive income portfolio with
I would like to know your take about crypto passive income, do you currently earn passively from crypto? Let me know in the comment box.
Useful Links
https://www.investopedia.com/terms/p/passiveincome.asp
https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
https://techcrunch.com/2022/05/10/crypto-exchange-kucoin-raises-150-million-at-10-billion-valuation
https://www.kucoin.com/affiliate
https://www.indeed.com/career-advice/pay-salary/passive-income-options
Media References
https://www.isitwp.com/beginners-guide-affiliate-marketing/
https://gfycat.com/stickers/search/passive+income
https://tenor.com/view/kucoin-token-kcs-wojakfan-wojakfans-wojak-gif-21224758
