I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.
This is how the bear market has always been, during the bear market the best thing you can do is to be preparing yourself for the bull market and the best way to do that is to be buying Bitcoin through DCA. Since you don't want to trade, have you thought about staking as that's the only way of receiving passive income from cryptocurency that have been used by many individual and they have testify of it been profitable to some extent but it's very risky.
To get full benefits of staking, you have to buy altcoins as it's only altcoins that you can stake directly from you wallet as bitcoin doesn't have staking ability and by buying altcoins you put yourself at risk of losing all your investment therefore it's left for you to decide.