How to Make Money on Cryptocurrency

Cryptocurrencies
have
evolved
from
a
niche
interest
into
a
mainstream
financial
asset,
drawing
interest
from
investors
across
the
world.
One
of
the
most
popular
streams
of
passive
income
within
the
crypto
space
is
staking.
It
allows
one
to
earn
rewards
in
exchange
for
participating
in
the
network’s
consensus
mechanism. 

The
following
article
is
going
to
explore
how
you
can
make
money
by
staking
cryptocurrency:
BTC,
LTC,
ETH,
BCH,
TRON,
and
other
coins
at
StakingBonus.comStakingBonus.com”>

StakingBonus.com

,
which
is
the
top
staking
service
platform.

What
is
staking?

Staking
is
the
process
of
locking
a
portion
of
cryptocurrency
in
a
wallet
to
participate
in
running
a
blockchain
network.
While
mining
is
based
on
proof
of
work,
staking
relies
on
proof
of
stake
or
other
consensus
mechanisms.
In
exchange,
participants
are
given
staking
rewards,
which
might
become
quite
an
attractive
source
of
passive
income.

Staking PlansStaking Plans”>

Staking
Plans

on
StakingBonus

Bitcoin
Staking

Although
Bitcoin
is
primarily
a
PoW
cryptocurrency,
it
does
not
support
native
staking.
However,
platforms
like
StakingBonusStakingBonus”>

StakingBonus

provide
innovative
ways
to
earn
interest
on
BTC
holdings
through
third-party
services.
These
third-party
services
are
not
traditional
staking
but
allow
one
to
earn
passive
income
through
lending
BTC
holdings.
Here
you
can
stake
$100
for
two
days
and
earn
$2
as
daily
reward.

Litecoin
(LTC)
Staking

Like
Bitcoin,
Litecoin
is
a
Proof-of-Work-based
cryptocurrency.
However,
some
platforms,
like
StakingBonus,
offer
users
ways
to
get
yields
on
the
LTC
through
lending
and
other
financial
products
that
give
them
a
similar
passive
income
to
staking.
Here
you
can
stake
$200
for
four
days
and
earn
$2
as
daily
reward.

Stake
in
Ethereum
(ETH)

The
most
interesting
part
about
staking
was
the
transition
of
Ethereum
from
PoW
to
PoS
with
the
coming
of
Ethereum
2.0.
With
staked
ETH,
anyone
can
participate
in
the
network’s
consensus
mechanism
and
receive
rewards
for
doing
so.
StakingBonus
supports
Ethereum
staking
with
flexible
staking
periods
and
competitive
yields.
A
daily
reward
of
$2
can
be
earned
by
staking
$400
for
a
six
day
time
period
in
this
staking
plan. 

Bitcoin
(BCH)
Staking

Like
Bitcoin,
Bitcoin
Cash
is
a
PoW
coin.
However,
StakingBonus
has
various
ways
in
which
BCH
holders
can
earn
returns
similar
to
BTC
and
LTC
holders,
including
lending
and
interest-bearing
accounts.
Here
you
can
stake
$500
for
eight
days
and
earn
$2
as
daily
reward.

TRON
Staking

TRON
is
a
DPoS
system
(Delegated
proof
of
Stake)
that
requires
token
holders
to
vote
for
super
representatives
who
validate
transactions
and
maintain
the
network.
By
staking
their
TRX,
users
on
StakingBonus
will
receive
staking
rewards
proportional
to
the
amount
of
assets
they
have
staked.
A
daily
reward
of
$81
can
be
earned
by
staking
$6000
for
a
14
day
time
period
in
this
staking
plan. 

Dogecoin
(DOGE)
Staking

Dogecoin
runs
natively
as
a
Proof-of-Work
system,
so
it
is
not
possible
to
stake
DOGE
in
the
classical
sense.
However,
StakingBonus
has
alternatives,
one
of
which
includes
interest-earning
accounts
for
DOGE.
These
interest-earning
accounts
are
designed
for
DOGE
holders
to
deposit
their
coins
and
earn
a
yield
over
time.
This
is
how
the
process
of
passively
generating
income
is
allowed
without
actually
staking.
A
daily
reward
of
$15
can
be
earned
by
staking
$1200
for
a
7
day
time
period
in
this
staking
plan. 

XRP
Staking

The
digital
asset
used
by
the
Ripple
network,
XRP,
does
not
make
use
of
the
PoS
or
PoW
consensus
mechanism.
Rather,
it
makes
use
of
its
own
special
consensus
protocol.
However,
StakingBonus
makes
available
options
for
users
who
own
XRP
cryptocurrency
to
take
part
in
lending
programs
for
returns
on
these
assets.
Such
programs
are
similar
to
staking
and
allow
periodic
interest
payouts.
Here
you
can
stake
$3000
for
7
days
and
earn
$39
as
daily
reward.

Tether
Staking 
(USDT)

Tether
is
pegged
to
the
US
dollar
and
does
not
have
native
staking.
However,
StakingBonus
offers
numerous
ways
for
earning
interest
on
USDT
through
lending
and
other
financial
products.
In
this
way,
holders
of
USDT
can
receive
interest
in
a
passive
way
without
giving
up
the
stability
of
their
assets.
A
daily
reward
of
$140
can
be
earned
by
staking
$10000
for
a
15
day
time
period
in
this
staking
plan. 

How
to
Stake
on
StakingBonus

CreateCreate”>

Create

an
Account:

The
first
step
towards
staking
will
be
the
creation
of
an
account
on
StakingBonus
and
identity
verification.

Choose
the
CryptocurrencyCryptocurrency”>

Cryptocurrency:

You
will
select
the
cryptocurrency
you
want
to
stake.
The
details
for
how
every
coin
is
staked,
together
with
the
rewards
and
risks
associated,
are
well
elaborated
on
StakingBonus.

Choose
a
Staking
Plan:

You
will
make
your
choice
from
various
staking plans staking plans “>

staking
plans

depending
on
your
investment
goals.
One
has
to
consider
factors
such
as
staking
time,
expected
returns,
and
the
underlying
risks.

Stake
Assets:

Send
your
crypto
assets
to
your
staking
wallet
on
StakingBonus
for
rewards.
Their
platform
does
the
hard
work
of
validating
transactions
and
distributing
rewards.

Monitoring
and
Management:

Keep
an
eye
on
your
staked
portfolio
and
earnings.
StakingBonus
offers
users
an
intuitive
dashboard
from
which
they
can
monitor
their
investments,
returns
on
staking,
and
other
important
information.

Risks
and
Considerations

While
staking
represents
an
attractive
way
of
return,
it
is
not
without
its
risks.
The
value
of
your
staked
assets
can
drop
due
to
market
volatility,
and
sometimes
your
assets
can’t
even
be
sold
during
a
lock-up
period.
Not
all
staking
platforms
are
made
equal;
therefore,
do
your
own
research
while
choosing
a
platform—for
example,
StakingBonus—to
ensure
that
it
is
reputable.

Reward
Maximization

It
would
therefore
not
be
far
from
the
right
to
diversify
your
staking
portfolio,
choose
the
most
opportune
staking
period,
and
update
yourself
on
consensus
mechanisms
implemented
at
a
network
level
to
maximize
the
staking
reward.
You
can
also
make
sure
of
managing
or
creating
your
staking
opportunities,
thus
increasing
your
passive
income.

Conclusion

Crypto stakingCrypto staking”>

Crypto
staking

is
one
of
the
most
potent
ways
through
which
one
can
earn
passive
income
in
the
crypto
space.
Be
it
staking
BTC,
LTC,
ETH,
BCH,
TRON,
or
any
other
cryptocurrency,
StakingBonusStakingBonus”>

StakingBonus

has
got
a
comprehensive
platform
that
enables
users
to
discover
various
staking
opportunities.
You
will
be
able
to
make
educated
decisions,
probably
helping
you
to
grow
your
crypto
holdings
if
you
educate
yourself
on
how
staking
works,
the
risks
involved,
and
how
to
maximize
rewards.