Make Your Cryptos Work for You

in Steem Magazine2 years ago

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image edited in PixelLab

Work smart not hard

Hello everyone in this marvelous platform . Welcome to another crypto related post . I am writing from Bambili today and so excited to bring to you a beautiful guide on how to led your crypto work for you .

This is the 21st century and there are are lots of innovations with regards to the crypto ecosystem. This is a season where we see many crypto projects born on daily basis .People making millions on daily basis with crypto.

There are many ways you can led your already earned crypto generate more money for you just need to be smart and invest very wisely .
Today i will be sharing two ways among many ways through which you can generate passive income with your crypto in your wallet .

1. staking

Staking is one of the most important way to make your crypto work for you and generate you some passive income .
Different block chains have different reward rates they offered to their users. Thus the percentage vary from one block chain to the other. Staking is like saving your money in a bank for considerable number of time. With crypto ,you lockup your assets for sometime and in turn receive reward for doing so.

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Let me explain further .....

Let’s start with the basics: what is crypto staking? Staking is part of the process that certain cryptocurrencies use to verify transactions. It's all part and parcel of a consensus mechanism called “proof of stake.” This sees blocks of transactions added to a blockchain, an indelible string of “blocks” of transactions, by people who already hold a certain stake in that blockchain's native currency. The process is similar to the mining, used to add blocks to the blockchain of proof-of-work blockchains such as Bitcoin. The difference is, in the case of proof-of-stake blockchains (such as Cardano), the process is called forging (or sometimes "minting”), and the people who do it are called validators or forgers rather than miners.
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If you have some proof-of-stake crypto, you have the chance to earn coins in exchange for your stake, with the specific amount depending on the currency at hand and just how you stake your coins.
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2. Cloud Mining

Cloud mining involves mining crypto currencies by purchasing or renting mining equipments from a third-party cloud provider who solely maintain and run the equipments. You send crpyto to buy hash power and withdraw a certain percentage of your invested crypto for a specified period . It could be on daily basis .

Permit me introduce to you Maratrx.com a mining platform which rewards it users with TRX for buying hash power. You deposit a certain amount of TRX and withdraw 3 or more percent of that amount daily on your main account. Thus the higher you deposit the higher deposit the higher the percentage .

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Daily withdrawal of basic account accounts for 3% of total investment: 5-199999TRX 3%, 200000--499999TRX5%, 5000000--999999TRX 7%, 1000000--1999999TRX 8%, 2000000 TRX and above 10%

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I took courage and registered in the platform. I started with a trial fund of just 100 TRX and i have been withdrawing 3.06 TRX every day.The payment from the site to your wallet is very swift. Check my screenshot .

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Screenshot from my TronLink Pro Wallet

So imagine you deposit 5000 Tron you will receive 150 TRX every day .

NB: This is different from staking because you won't be able to withdraw the original deposited amount .

So these are just two ways you can make your crypto work for you rather than allowing them lying idle in your wallet. I have staked a few times in the Binance platform but i was not very satisfied with the percentage reward.

Join Maratrx mining HERE

Warning :⛔⛔⛔⛔This is not a financial advice. It is for educative and entertainment purposes. So do your own research and never invest what you can't afford to lose.

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