The best way to let your idle money to work for you are the #Earn and #BinanceLaunchpool features on Binance.
I am extremely engaged in my job and don’t have time to actively trade as I have a lot of familial responsibilities to take the risk of leaving my job to pursue full time trading.
Best way to get a bit of passive income on my crypto assets is to stake them in the Binance Earn program which provides an interest on my holdings like a Savings Bank account.
Another bonus is if your BNB is staked, you get free airdrops from Binance through #Launchpool program which onboards new tokens on Binance. You can get additional airdrops through staking even more FDUSD and any other relevant token for distribution (currently USDC) that you have lying idle.
After all, free money never hurts anybody right😉 $BNB $WCT $FDUSD Do you want passive income?
The recent crash in #OM token prices showcase the need for a measured approach towards crypto.
I have been in the crypto market since 2017, and have tried out multiple ways to make money in the market - be it as a Futures trader, as a Swing trader, a Bot trader and even a long term Spot trader. Now I only get the free airdrops and earn through staking instruments and use crypto as a high risk retirement fund investment.
What I have come to realise as an outcome from being in the market for such a long time is - crypto is not everyone’s cup of tea ☕️
Few things to consider if you want to survive in this market: 1. Identify why you want to be in the crypto market to identify your risk appetite - Get rich quick, build some passive income or long term investment/ hedge 2. Leverage/ Futures trading is a double edged sword - can quickly build up capital through luck/ knowledge, but can also bring your capital down to 0 3. Utilize Airdrops/ Rewards to the max - Free money, even a dollar never hurts 4. Always keep atleast 20% of your portfolio in stablecoins for buying the dip of fundamentally good coins with practical/ future use-cases that you feel might add value in the real world - BTC, ETH, SOL and XRP
Let me know if you want to know about any particular crashes or how to remain afloat during a hard phase.