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How can I earn passive income with 1 yen in the cryptocurrency market?

avatarHadar CohenDec 16, 2021 · 3 years ago3 answers

I only have 1 yen, but I want to earn passive income in the cryptocurrency market. What are some strategies I can use to achieve this?

How can I earn passive income with 1 yen in the cryptocurrency market?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One strategy you can consider is staking. Staking involves holding a certain amount of a particular cryptocurrency in a wallet to support the operations of a blockchain network. By staking your 1 yen worth of cryptocurrency, you can earn rewards in the form of additional coins. However, keep in mind that staking usually requires a minimum amount of cryptocurrency to be eligible for rewards, so you may need to research which cryptocurrencies have lower staking requirements.
  • avatarDec 16, 2021 · 3 years ago
    Another option is to invest your 1 yen in a cryptocurrency that offers a dividend or profit-sharing program. Some cryptocurrencies distribute a portion of their profits to token holders, allowing you to earn passive income. However, be sure to thoroughly research the project and its track record before investing, as not all dividend programs are reliable or profitable.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we offer a unique opportunity for individuals with limited funds to earn passive income in the cryptocurrency market. Our platform allows users to participate in liquidity mining, where you can provide liquidity to our decentralized exchange and earn rewards in return. With just 1 yen, you can start earning passive income through our liquidity mining program. Visit our website for more information on how to get started.