Have you got a little bitcoin party going on down there in your wallet? Are you afraid of corrections and low markets? Fear not. Today AirdropAlert will tell you how you can generate free crypto by lending your bitcoins out, and this feature works no matter what happens in the market.
Here goes the question. If you don’t use your money to trade since you’re waiting out the corrections, why not let margin traders put that money to work for a day or two? Yes, that much soon you’ll collect an interest out of off it.
How much interest will you earn? It depends on the day-to-day supply-demand ratio, but, in any of the ways, it’s an interest, and this interest is much bigger than with banks. Besides, which bank will deposit your money for min two days?
Go to your funding tab on Bitfinex and click the currency of your preference
Here is the rate under the pointer
Don’t throw the lowest number, check out this column on the right and see what the rate is going for
Take a look at the box on your left. Put in your rate, pick the period and the amount of money to land out. That’s, basically, it!
Let’s sum up. If you put in $100K at $0.125 for 2 days, you will earn $212 and ~$3000 for month.
You might want to ask, what happens if the margin trader looses my money? The Bitfinex safety feature will automatically liquidate the poor guy, and he will cover the loss with funds in his Margin Wallet. So, you see, it’s pretty safe.
Other ways to earn free crypto
Surprisingly enough, there are a few ways for you to earn free cryptocurrency simply by staying committed to the strategy of holding coins. Have you heard something about these babies?
Still and all, you can earn free cryptocurrency simply by using all the listed above. Are you not sure what we mean? Just click on the links to get simple explanations!
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
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A blockchain enthusiast and a content writer at AirdropAlert.com. My final goal is to help readers find what they need, understand what they find, and use what they understand appropriately. Favourite mystery – Satoshi Nakamoto, favourite crypto – Bitcoin (BTC), favourite airdrop – BRD.