Crypto earn means earning passive income with crypto. That may sound complicated, but it isn’t. You’re probably more familiar with this concept than you might think at first.
Having a savings account at the bank is the most normal thing in the world these days, right? The bank uses the euros you have in your savings account to meet its obligations. You don’t really notice that yourself. But if we were to add up the balances of all savings accounts, this would be many times higher than the amount the bank has in cash. As a reward for the fact that the bank is allowed to borrow your savings, you get interest. At least, normally. Due to the economic circumstances, this interest has been 0 or even negative for a while. But that seems to be changing now.
Crypto earn is actually based on the same principle. But in this case, crypto is the currency you lend instead of euros. And the party you lend crypto to is not the bank in this case, but a crypto broker. As a reward, you get interest in the form of crypto.
Crypto earn is similar to crypto staking to some extent. In both cases, you earn a passive income by using crypto. However, the difference lies in the purpose and construction of the loan.
With crypto earn, a crypto broker or exchange uses your loaned crypto to meet certain obligations or investments. You determine in advance for which period you want to lend crypto. For this period, you receive interest in the form of crypto. This period can be either flexible or fixed. With crypto staking, your loaned crypto is used to validate transactions on the blockchain. As a reward for this, you again receive interest in the form of crypto. Not all blockchains are suitable for this. This is because every blockchain is based on a certain consensus principle. Crypto staking is only possible with blockchains that are based on the proof-of-stake principle.
If you are interested in crypto staking, it is wise to take a good look at where you can best stake your crypto. Both the range of crypto that you can stake and the reward that you receive for staking your crypto can vary greatly between different platforms. Coinmerce is a good option in this case because of the wide range of crypto that is available for crypto staking. Coinmerce currently has 12 coins available for crypto staking. In addition, the staking rewards are also a lot higher than with the other platforms in the market.
There are several parties where you can currently go for crypto earn. Think of the more well-known platforms such as Binance, Coinbase and Kucoin. But at the moment you will find the largest offer with the best rewards at Coinmerce. At the moment, no less than 28 coins are available for crypto earn at Coinmerce.
