Quote from: 2Pizza410000BTC on Today at 10:11:32 AM

Quote from: seoincorporation on December 11, 2024, 03:30:14 AM

Some days ago i get my Nu card, it has a feature called boxes, you can freeze there your money to get a passive income, something between 12% and 14% each year.

And i was wondering if something like this exists with Bitcoin or the crypto world in general.

I would like from the community if any of you to know some ways to generate a passive income with the cryptos, i know staking is one way, but for sure there are some platforms that offers a passive income while they hold our money, so, whats best options for this 2025?

There is a way to earn money by staking Bitcoin but it is very limited and involves risk. Although I will say that cryptocurrency is complete risky, if you want to stake an exchange, you have to take more risk because many times it is seen that many exchanges go bankrupt and do scams. However, if you have enough Bitcoin, you can earn money by trading or holding that Bitcoin, for example, you have to hold Bitcoin for 6 months, a year, two years, then when the market rises, you have to sell it. If you look at the market chart, you can see that the price of Bitcoin reached $15,000 in 2022, from there, Bitcoin has been increasing over $100,000 in these few years. Those who invested in Bitcoin during this time are in a lot of profit. So I want to say that if you have enough Bitcoin, you should keep holding Bitcoin, I hope you will get a lot of returns.

Staking Bitcoin in an exchange is similar to saving it there and from my understanding it's not very safe cause of the scam activities that goes on in several exchanges, so for security purpose, I'll rather buy and hold my coin in a non-custodial wallet for long-term where it would be very safe and secured.
Bitcoin has become so valueable and it would be in the best interst of holders of such coin to protect it at all cost, why would i save my coin in a place that can be easily accessed by hackers when i can have custody of it by myself in a non-custodial wallet?.