Quote from: JanNettFoster on August 07, 2023, 09:34:40 AM

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.

Well, i believe by now, you must have gotten your answer, so yeah, there are actually several ways one could earn passive income from crypto, and one of those is by staking, there are two types or forms of staking, and that is the centralized form and the decentralized form.

The centralized form of staking is one that are offered by centralized platforms like centralized exchanges and so on, i honestly do not recommend this type of staking because, though they often come with a high APY or APR, but it comes with some level of risk too, the risk is that, what ever coins you hold on a centralized platform is no longer yours, if for whatever reason the platform can no longer process withdrawal requests, then your money is gone for ever, as there will be no way or means to gain back access to your funds.

Decentralized staking on the other hand come often come with a tiny APY or APR, most especially for those that last for a very long time, like staking on the Solana blockchain, Renec Blockchain, Ethereum blockchain, Tron blockchain and so on, all this blockchains i mentions plus some others offer staking that is very passive, that is, you could be earning money for a very long time depending on how much you staked.

There are also other ways through which you can earn passive income from crypto outside staking, but staking is the easiest and best for me .