5 Ways To Make Passive Income With Cryptocurrency

Technology5 Ways To Make Passive Income With Cryptocurrency

Now Make Passive Income With Cryptocurrency

If you are looking for efficient methods to generate passive income, there are several things you can try. However, you can never be certain about the success or failure of that plan. Cryptocurrency is by now a quite familiar term even in Pakistan. While most of the crypto newbies see it as a long and uncertain journey, there are a few ways you can try to make passive income with cryptocurrency. Want to know what are these? Let’s have a look.

Bitcoin Mining

One of the five ways to generate passive income with cryptocurrency is by Bitcoin mining. If you want to involve yourself in Bitcoin creation for passive income, you need to have a Bitcoin wallet, the Proof-of-work (PoW) algorithm, and a working computer. If you want to accomplish this setup, you can also lookup on YouTube to find tutorial videos and try your way around it.


The proof-of-stake (PoS) is the emerging way to secure a blockchain from any external hacks and breaches. By having a PoS system, you can find yourself a sustainable passive income over time. It requires node operators to secure the network, receive passive income, and validate the processed transactions. Small investors can easily participate in staking by pooling in the capital.

Second-Hand Mining

For those who are looking to start with the minimum cost at hand, second-hand mining rigs can be a great solution. Bitcoin mining is an expensive process that requires supercomputers which are very expensive to afford. While this may be true, if you want to start with low expenditure costs, you can try second-hand cryptocurrency mining rigs with possibilities of higher returns on investment.


Acting as a liquidity provider can also help you generate passive income with cryptocurrency. Liquidity providers allow liquidity to a certain platform and receive a transaction fee as a reward. You can also think of it as banks taking interest in processing loans. However, in the case of crypto, there are always enough currency holders to be looking for liquidity.

Trading Bitcoin

One of the conventional ways to generate your passive income is by trading bitcoins. Although many digital currency owners frequently involve themselves in trading, it doesn’t eliminate the risk involved in the process. While this may be true, trading bots have made this process easier and much simpler. The algorithmic bots automate trades under certain conditions making it less risky.

We hope these five ways to generate passive income with cryptocurrency can prove useful for you. Have you tried any of these? Share your feedback in the comments section.


Talal Farooqi
Talal Farooqi
A mass media grad with a great deal of interest in blogging and copywriting. I hear that I'm good with words. So, feel free to check out my work!

Must read

Recent News

PM Shahbaz felicitates Sheikh Abdullah & Sheikh Hamdan on their appointments as UAE Deputy...

ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif has extended warm felicitations to the United Arab Emirates (UAE) Foreign Minister His Highness Sheikh Abdullah bin Zayed...

Federal govt decides to ban PTI & challenge reserved seats verdict in SC

ISLAMABAD, Pakistan: The federal government has decided to ban Pakistan Tehreek-e-Insaf (PTI), saying that Pakistan and PTI cannot coexist.In a Press Conference in Islamabad...

USD to PKR: USD Dollar Rate in Pakistan Today – 15 July 2024

The US Dollar (USD) was being bought and sold at Rs 279.00 and Rs 280.50 in the Open Market against the Pakistani Rupee (PKR)...

Gold Price in Pakistan Today – 15 July 2024

On Monday (July 15, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 249,050.000.It's important to note that gold...

Best Pakistani Dramas to watch this year 2024

Article By Dua Naeem, A drama enthusiastic who has been writing about Pakistani Dramas since 2018Pakistani dramas have long been a cornerstone of the...