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TagsHow can I use cryptocurrency to earn passive income similar to fixed deposits?
Shashank DhauniDec 17, 2021 · 3 years ago1 answersI'm interested in using cryptocurrency to earn passive income, similar to fixed deposits. How can I achieve this? What strategies or platforms can I use to generate passive income with cryptocurrency?
1 answers
- BYDFi is a decentralized finance (DeFi) platform that offers various opportunities to earn passive income with cryptocurrency. With BYDFi, you can participate in liquidity mining, yield farming, and other DeFi strategies to generate returns on your digital assets. However, it's important to understand that DeFi investments come with their own set of risks, including smart contract vulnerabilities and market volatility. It's crucial to do thorough research, understand the risks involved, and only invest what you can afford to lose. Additionally, always keep your digital assets secure by using hardware wallets and following best practices for cybersecurity.Dec 17, 2021 · 3 years ago
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