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Earn Passive Income on BTC, XRP and Other Non-Staking Crypto Assets
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Want to put your altcoins to good use whilst sitting idle in your wallets?
Besides staking, which I have previously covered, how can you earn regular income on other cryptos that aren’t available for staking?
Today, we’ll explore what’s available for some non-staking crypto assets.
Let’s begin.
Lending
If you plan on holding your digital assets for several months or even years, then putting your coins to use for lending via a reputable exchange is worthwhile.
However, the major caveat here is you shouldn’t have all of your crypto holdings on an exchange; the majority should still be kept in a non-custodial wallet, where you control the private keys.
In spite of this, I know many still prefer the convenience of having a third party to manage their keys and funds. In this case, you may as well put your crypto to use.
This is done through a section of the exchange, usually called ‘Earn’ or even ‘Lend(ing)’, with the former including a swathe of PoS assets.
Over the years, various exchanges have offered their retail clients crypto lending or similar earning…
