Passive income is often the name of the game when it comes to traditional investing. However, the opportunities in the cryptocurrency market are still fairly new for most people and somewhat intimidating if you fall down the wrong rabbit hole like trying to build your own mining operation.
Thankfully, more accessible options exist, like DeFi and proof-of-stake (PoS) altcoins, which often only requiring holding a certain amount of the coin to begin earning income. In fact, several major cryptocurrency exchanges, including KuCoin, are now offering to automatically stake your holdings directly on the platform.
The combination of falling prices leading to higher yields and a trend towards ease of staking has made PoS altcoins a solid investment idea moving into the final quarter of the year.
As you can see from the list, the majority of the coins do not require significant holdings to begin staking and all of them are relatively simple to get started. Perhaps the most notable names in the list include KuCoin Shares and Cosmos, which have both received significant attention of late due to bullish price action.
For those unwilling to stray from the comfort of Bitcoin (BTC) or Ethereum (ETH), a number of apps and platforms are available like Celsius Network where users can earn as much as 3-6% on their holdings.
Regardless, it’s always important to remember that there is significant risk associated with the cryptocurrency market and staking or lending rewards may not outgain downward price action.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.