“Money should bring money” - sounds like a cliché, but passive ways of earning money are quite real. This includes cryptocurrencies. It is not at all necessary to monitor charts 24 hours a day. Smart investments bring profit while you sleep, work or rest. We talked about it with Oleksandr Orlovskyi, the founder of FFA. In this article - the main thing you need to know.
Oleksandr Orlovskyi is the founder of the cryptocurrency community Financial Freedom Academy
Let's imagine a person has savings in cryptocurrency. They can simply be stored in a wallet. Or one can multiply them. This is steaking, one of the easiest ways to passively earn money on cryptocurrency.
How does it work? “Itis easiest to explain through an analogy with a bank deposit,” - says Oleksandr Orlovskyi about it. - “Only instead of dollars or hryvnias, you deposit cryptocurrency into the account. While the coins are “frozen” in the staking, they help to maintain the work of the blockchain network, and you get a reward - new coins”.
Oleksandr Orlovskyi photo from Kuala Lumpur
How to get started?
Different networks offer different yield percentages. Ethereum staking can bring 2-3% per annum, less popular coins - more. The more staking, the higher the return. One network may require you to “freeze” coins for several months, another allows you to withdraw them at any time. You should always read the terms and conditions carefully.
Of the risks: if the price of the coin falls, the income may not cover the losses. Therefore, it is better to choose well-known coins and proven platforms, start with small amounts. “Two, five, ten percent per annum - sounds modest, but it is many times more than in the bank ” - summarized Oleksandr Orlovskyi.
Photo by Oleksandr Orlovskyi
Classic trading is not a passive way to earn money. To trade successfully, you need to learn to “read” charts, follow the news, quickly make decisions. But it can be turned into an almost passive process - with the help of bots.
A trading bot is a program that automatically concludes deals according to specified parameters. A bot
Trading with a bot can be recorded in passive ways of earning, because it is enough to set up once, and then it trades by itself. Of course, the result should be monitored from time to time and if anything to change the settings. FFA community has its own bot, access is open to all members. It is liked by those who don't want or can't sit at the computer all the time. The average profitability is 15% per month.
Oleksandr Orlovskyi at work, photo
The FFA Instagram account has hundreds of cases and reviews of students who earn in this way. We managed to get a comment from some of them:
The bot can be customized for any trading style: conservative or aggressive.
FFA students at a cryptocurrency conference
“There are already many among us who have launched bots on PEPE, WIF and got even +50-70% to deposit. My experts and I thought: what if we teach the guys not just to run ready-made settings, but to customize them themselves? Nikita (FFA expert - editor's note) shows the guys how to set the settings, control risks, look for the best entry/exit points and make money in any market” - says Oleksandr Orlovskyi.
This is earning on financial transactions without intermediaries. Everything works through smart contracts - programs that automatically execute the terms of the transaction.
“Let's imagine that a person lends someone money. If they are real, the transaction is notarized by a notary. In crypto, it is formalized through the blockchain”, - explained Oleksandr Orlovskyi. - “Your funds work in the system and you get interest”.
There are three main ways to make money:
The profitability here is much higher than in banks - from 5% to 100% per annum and even more. But you need to remember a simple rule: the higher the promised percentage, the higher the risk. The most reliable platforms offer a moderate but stable profit. Plus, not all platforms are equally safe. There have been cases where hackers have withdrawn users' money. Another risk: it can be difficult for beginners to understand the interface and subtleties of DeFi. If the user forgets the password or loses access, it will be impossible to restore funds.
Photo from Instagram by Oleksandr Orlovskyi
This method is suitable for those who understand the technical side of the issue. Masternodes are servers that support the work of the blockchain. They help confirm transactions, ensure network security and perform other equally important tasks. For this work, the owner of the masternode receives remuneration in the form of crypto.
How does it work? If we imagine the blockchain as a network of computers, each of which has its own task, then the masternode is the main computer. To run it, you need to:
Income depends on the cryptocurrency and the current profitability of the network. Dash offer about 5-7% per annum, PIVX or Zcoin - up to 10-15% per annum, new projects - sometimes up to 50% per annum, but the risks are higher. If the cryptocurrency gets cheaper, the profit will decrease.
Oleksandr Orlovskyi awards the best students of the FFA course
Airdrops is a free distribution of tokens to project participants. Coins are given out to attract attention and involve new users. The more people who own tokens of the project, the stronger and more active its community will be.
How to earn on airdrops?
After fulfilling the conditions, you can get free tokens. Leave them on your wallet to sell them when the price goes up.
Why is this passive income? Because you don't need to actively work or invest money. It is enough to register in time and follow the announcements. Pumping up your activity is usually not difficult.
Retrodropes are token giveaways for those who have used certain services or blockchains before. For example, if you have actively used some wallet or platform in the past, the project can award tokens for past activity.
Oleksandr Orlovskyi photo in nature
How to earn on retrodrops?
You don't need to make any special efforts to participate in retroadrops either. All that is required is to be an active user of platforms and services, and possibly get tokens for it in the future.
Both methods involve no investment. Although you have to spend time to participate, they are essentially passive. Users don't have to actively trade or make complex investments.
Oleksandr Orlovskyi showed cases and feedback from his Aptos students, each received $1,100 worth of coins. On Arbitrum, the results were no worse: Olga earned 1300 dollars (“I had a lot of work, of course, but it's worth it” - the comment of an FFA student got on the screen), Julia replenished her balance for 1460 dollars, Vlada - for 2000 dollars).
And this is only a part of the ways to make money on cryptocurrency. Oleksandr Orlovskyi invites everyone who wants to learn more and immediately try their hand at FFA: “Dreamers don't make money. And we have a step-by-step algorithm. Obviously, you can't make money in crypto in one day. But if you don't start or lose money, you won't make any money at all,” he philosophically summarized.