![]() ![]() namely BNB, Kava, Cosmos, Algorand, Tezos, and Tron. ![]() Trust Wallet currently supports in-app staking for six different cryptocurrencies. Moreover, by staking, you are also able to contribute to the efficiency and security of the blockchain projects that you support. Staking is a good way of making your cryptoassets work for you as they generate income instead of just sitting in your wallet. As a reward for helping to maintain the integrity of the network, validators (stakers) receive a share of the block reward. Many leading crypto networks deploy a consensus mechanism based on the Proof-of-Stake protocol, where network validators stake tokens to secure the network and verify transactions. In a sense, staking is akin to putting your crypto into an interest-bearing savings account, except that it pays out in crypto - not in fiat currency. Staking allows crypto holders to earn passive income (in the form of staking rewards) for locking up tokens to support the consensus protocol of a crypto network. One of the most common ways that you can earn crypto passive income with Trust Wallet is through staking. If the price of the particular asset you’re HODLing falls, it can eat into the percentage of the passive income earned.īelow are the five different ways that you can earn passive crypto income with Trust Wallet. Some passive income opportunities are more capital intensive than others, while some require more research and effort than others.Īlso, remember that cryptocurrencies are susceptible to strong market corrections. Earning Passive Crypto Income: Here’s Howīefore we take a look at the five different ways that you can earn crypto passive income with Trust Wallet, it’s important that you consider the amount of money (and effort) you want to invest. Read on to discover five ways you can earn crypto passive income using Trust Wallet. ![]() Whether you are lending tokens in decentralized lending pools or staking coins, there are a plethora of opportunities to earn income on your crypto investments. The ability to earn passive income as a crypto holder is one of the most appealing features of the crypto ecosystem. Learn about all the different ways you can earn cryptocurrency passively directly in your Trust Wallet app. ![]()
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