Crypto is a volatile market. Enter at your own risk. This is not investment advice. This is a document describing how I am using cryptocurrencies to generate a passive income for myself.
Of course, this works both ways. You can lose part of your investment but on the other hand, you might get big returns on your investment if a coin you hold goes 5x, 10x or more.
I list the Risk, Reward and Effort for every strategy in this guide from 1 (low) to 5 (high). These values are relative to the other strategies in this guide.
Referral links like the one I list in this document are another way to generate passive income. Rewards vary from % of exchange trading fee paid out to me, to a 1 time bonus, % of subscription fee or other ways.
This document is a work in progress. I will add some things in the future when my strategy or things change. If this guide is unclear for you at any point, please do let me know so I can update it! Should be 100% clear for everybody but I realise that’s not always easy
Security is important since money is involved. I use a separate email address that I don’t use for anything else with a unique, difficult password and two-factor authentication.
Additionally I use Apple’s built in iCloud Keychain as a password manager to propose and save unique, difficult passwords.