Key Takeaways:
- Passive income refers to earnings you get from your dormant assets, even when you are practically doing nothing
- KuCoin, one of the top cryptocurrency exchanges in the world, offers a wide array of passive income opportunities to willing crypto investors
- In addition to offering different classes of financial products, KuCoin makes earning passive income in crypto super easy and super-cheap
- KuCoin passive income opportunities can help you maintain stability and earn more, irrespective of prevailing market conditions
If you’ve been trading or investing in cryptocurrencies, you will understand when someone says the market is brutal. Recently, the market experience a shocking bearish trend as the biggest cryptocurrencies by market capitalization — Bitcoin and Ethereum — declined heavily. Of course, other altcoins followed swiftly.
While the market is recovering slowly, experienced investors understand that pulling out quickly is never the best option. Finding ways to earn passive income, on the other hand, is a far better option. Regardless of the market situation, it is possible to make passive income in crypto. It will help you survive bearish trends and enjoy bigger returns during bullish market runs.
We can’t overemphasize the importance and benefits of earning passive income in cryptocurrencies. Passive income sources, for instance, limit your risks significantly. You also don’t have to do much when you opt for the right passive income products/services on reputable platforms. Here, we will discuss passive income options on KuCoin, as well as why they may be right for you.
First Things First – What Is Passive Income?
In simple terms, passive income means continuous income earned with little or no effort. Most often, it refers to income made from assets or enterprises that an individual is not actively involved in. Passive income comes mostly from investment, and there is a need for the flow to be consistent before it qualifies as a truly passive income source.
Within the cryptocurrency universe, passive income mostly refers to income traders/investors make from their relatively dormant assets, while doing practically nothing. It is more like the income you earn when you let your digital assets work for you. Ideally, it is a guaranteed income that doesn’t rely on your activities or the direction of the market.
One of the great things about passive income opportunities in the cryptocurrency space is that they help investors and traders survive the uncertainties that plague the market. Even during bearish markets, passive income sources help traders earn a stable income without risking their assets. By subscribing to a passive income product, you can be sure of earning returns without touching your capital in any way.
Passive income options in the crypto space also help beginners to stay afloat, regardless of market conditions. As we already know, the cryptocurrency space is tough. It is often tougher for beginners who are yet to understand different strategies of trading and investing. However, with passive income products, even a newbie can start their crypto journey on a profitable note.
Crypto Passive Income and KuCoin
While most cryptocurrency platforms offer passive income products, KuCoin seems to be above everyone in many respects. Commonly called the “People’s Exchange”, KuCoin has a lot to offer for all kinds of users, especially those who aim to earn passive income in crypto.
Before we delve fully into the passive income options on KuCoin, it is important to provide some key information about the exchange.
KuCoin is a top 5 cryptocurrency exchange in terms of traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes reported. It is also referred to as the top altcoin exchange, boasting over 700 digital assets and more than 1,200 trading pairs. It has more than 18 million users in 207 countries and regions around the world.
KuCoin is a highly successful crypto exchange not just because of the number of assets and trading pairs it lists. The exchange offers a full range of services, including Spot trading, Margin trading, Futures trading, P2P fiat trading, Staking, and Lending services, among others. As the “People’s Exchange”, KuCoin is built for all classes of cryptocurrency investors.
As hinted earlier, KuCoin has several passive income-earning opportunities. In fact, the exchange’s model is designed in such a manner that it prioritizes users. It offers several rewards, and many come in the form of passive income earnings. KuCoin was named the Best Crypto App in 2022 for enthusiasts by The Ascent.
Why Make Passive Income with KuCoin?
With several other cryptocurrency platforms offering different passive income-making opportunities, why should you choose KuCoin? Well, there are several reasons to do that but we will focus on the most important ones.
For a start, KuCoin is not called the “People Exchange” for nothing. It was actually built to serve its users and reward them immensely. The reward system is in such a manner that everyone will eventually get rewarded, regardless of experience level and how much they’ve invested. The opportunities are genuine and everyone is treated fairly.
Another good reason to choose KuCoin ahead of the others for passive income earning is the sheer number of passive income opportunities. There are several products that will suit different classes of investors, and KuCoin encourages everyone to get in and earn something meaningful.
Another big reason why many crypto users choose KuCoin when they aim to earn as much passive income as possible is the ease of earning. Frankly, the platform makes it super-easy for anyone to get in and start earning with whatever they can afford to invest. You may be carried away by the array of opportunities you will find after you register, but bigger and better opportunities await.
Besides the opportunities for making passive income, KuCoin offers many more attractive features. It offers a wide assortment of crypto exchange and investment services with a high level of security. In addition to being a secured and reliable exchange, KuCoin offers all its services for low fees.
KuCoin’s Low-Risk Options to Earn Passive Income in Bear Markets
As we’ve stressed already, KuCoin offers several passive income-earning opportunities. Here, we will briefly discuss the currently available options.
It should be noted that these options are not just ideal for the bear market. Yes, they are low-risk passive income options that can help you survive the bear market, but they can also be immensely helpful during a bullish market.
Without further ado, here are the top passive income options on KuCoin:
KuCoin Lending
The first of many passive-income yielding products on KuCoin is the ending service. Simply called KuCoin lending, the service allows users to lend their crypto assets to other users for interest. It is actually a peer-to-peer platform where users lend to or borrow from one another. The loans are issued at market-based interest rates, without the involvement of a third party.
There are many impressive things about KuCoin lending besides the fact that it yields competitive interest income. It supports over 100 tokens and has millions of users. KuCoin Lending is well-regarded for being a transparent platform that offers speedy transactions. It is also fraud and risk-proof, meaning you can lend your asset and earn passive income with peace of mind.
KCS Bonus
KCS Bonus is probably the most innovative passive income-generating product in the crypto space. It is a unique incentive mechanism that automatically generates passive income for anyone who decides to support the KuCoin ecosystem by holding its native currency KCS. It is created to reward KuCoin holders and KuCoin ecosystem builders.
To start earning passive income from KCS Bonus you just need to hold at least 6 KCS tokens. You will other users to share 50% of KuCoin’s daily trading fee revenue. It is that simple – you just buy and hold, at least, six KCS tokens and start earning without doing anything else or even locking your asset. Of course, how much you will earn will depend on the size of your KCS holding.
KuCoin Earn
KuCoin Earn is officially described as a one-stop wealth management service platform where KuCoin users will find a variety of financial products that yield passive income. Some of its most prominent services include flexible savings, staking, Polkadot, and ETH 2.0. All these services come in both flexible and fixed terms, and the nature of the product you subscribe to determines the amount of passive income you will earn.
As a standalone platform, KuCoin Earn stands tall among passive income-generating platforms in the crypto space. The number of available products and the level of flexibility make it second to none. From time to time, users can find different attractive promotions that yield higher returns. It is also a highly secured and reputable wealth management portal.
Trading Bot
All thanks to an incredible trading bot, KuCoin makes it possible for users to earn from trading activities without actually doing any trading. The profits from the trading activities are classified as passive income basically because the asset owner doesn’t take part in the trading activities. The trading bot takes all the decisions and executes profitable trades regularly. You won’t sweat to break even and earn a steady income.
The trading bot on KuCoin is an automated tool that can execute trades on your behalf. However, you will need to list and provide the assets you need the bot to trade. You will also provide desired entry/exit conditions and indicate how often you want the bot to place trades based on your preset strategies. You can go to sleep and expect the bot to generate returns consistently.
KuCoin Affiliate Program
KuCoin rewards users who help to promote and grow the ecosystem through its affiliate program. It is another avenue for users to earn passive income after taking a few steps to promote the “People’s Exchange”. The KuCoin Affiliate program is open to a wide range of interested individuals, including content creators and promotion agents/institutions.
As a KuCoin user, earning passive income through the affiliate program is super-easy. You just need to create a unique referral link and share it with friends and associates. Anyone who joins KuCoin from your referral link will be classified as your invitee, and their activities on the platform will generate passive income for you. You can receive as much as 40% of their trading fees as compensation. You will even earn sub-affiliate/second-level commissions when your invitees refer other people to the network.
Wrapping Up
Considering the nature of the cryptocurrency market, passive income-generating opportunities are life-savers. Finding the right passive income-generating products will help you survive the market at all times. During favorable market conditions, passive income earnings will boost your overall return and crypto holding significantly.
We’ve stressed here that KuCoin has the best passive income-generating products in the industry. We’ve also discussed these opportunities clearly. Regardless of your inexperience level in the crypto market, you can benefit from the products and tools discussed above. However, you should research deeply and confirm that a certain passive income product is right for you before subscribing to it.
