Now, I'll primarily discuss passive income generators in the crypto world, not specifically in defi, but rather those that are in application form and can be easily downloaded from the Playstore, where the user can simply participate and earn without any hassle or time commitment. The first is the well-known brave browser, which pays you in its native cryptocurrency (BAT token) based on how many advertisements you watch, and the second is social good, which pays you in crypto to shop online from stores.
The basic layer 1 is far too simple for a beginner.
In today's world, cash backs, loyalty programmes, and reward apps abound, all aimed at luring customers back to the merchant for more goods and services. Even if we don't give it much thought, we all have a collection of paper or plastic cards in our possession. This trend has now spread to the digital world, with Bitcoin cashback now available. This is ideal for those who have been considering investing in Bitcoin but lack the funds to do so via a fiat-to-crypto exchange.
As the use of cryptocurrencies grows, more merchants are joining Bitcoin cash back programmes. This creates competition, which benefits customers by encouraging them to shop at the supported retailers for better deals and discounts.
Some cryptocurrency companies will pay you if you refer more people to their platform. This can include affiliate links, referrals, or any other type of discount offered to new users who are introduced to the platform through you. If you have a large social media following, affiliate programmes can be a great way to supplement your income. It's always a good idea to do some preliminary research on the services to avoid spreading the word about low-quality projects.
If you want to earn passive income while introducing the world to Binance, join the Binance Affiliate Program. You can move on to defi, which includes lending, staking, and peer-to-peer (P2P) trading, if you've made it this far. All of this sounds great, but there are a lot of apps on the market that offer similar rewards, and some of them are fake and steal your information, so I advise you to stay away from those projects!!
What are your thoughts on these passive income options?
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