There are many well-known ways to earn passive income, such as affiliate marketing or developing your own app. More and more people want to invest in the cryptocurrency system and generate additional income with the help of bitcoins and the like. But how exactly does it work and what do you have to consider? What is cryptocurrency? Before we explain how Passive income works in the form of cryptocurrency, we want to give you a quick digression on what cryptocurrency is actually about. Put simply, cryptocurrency is digital money. It is derived from cryptography. Cryptography is used to prevent the manipulation of transactions or the double spending of money. Cryptocurrencies enable payment without the involvement of banks and credit institutions, although there is still a demand for cash. They can be created by anyone around the world using cryptographic computing processes. If you want to learn more about this topic,…

Cryptocurrency has been gaining more and more importance since the financial crisis in 2008. While some trust digital money less, there are more and more who see crypto currency as a promising investment and financial investment. But what exactly is cryptocurrency and how does digital money actually work? Cryptocurrency – a brief definition The term cryptocurrency, i.e. currency in the form of digital money, is derived from cryptography. The function of the latter is to prevent transactions being manipulated or money being spent twice. Although there is already digital money in Germany in the form of credit cards, checks, bank transfers, etc., it is not considered legal tender. Instead, cash must be paid into a bank account or a loan must be made. Cryptocurrencies, on the other hand, allow payment without the involvement of banks and credit institutions, although at the same time there is still a demand for cash.…

For many, earning money with cryptocurrency sounds extremely complicated and time-consuming. Too often, examples are shown in which real experts day trading for hours or buying ICOs. There are also numerous ways to generate passive income with cryptocurrency that requires little time and effort. We present a few of the best-known examples in this article. Passive income with cryptocurrency Not every method of building passive income with cryptocurrency is equally time-consuming or complicated and promises the same success. There are certainly a lot of other methods, we just want to give you a little insight here. Then you should try out for yourself what amount of effort you are willing to invest and how satisfied you are with the outcome. Exchange Coins The principle of exchange coins is one of the procedures for which almost no effort is required. If you own crypto currency such as Kucoin or Binance, you…