bunq, Europe’s second largest neobank, is expanding bunq Crypto by becoming the first European challenger to launch flexible crypto staking, empowering users to earn rewards on their digital assets, with full flexibility and no lock-up periods.
Building on the successful launch of bunq Crypto in April, staking will be available in the Netherlands, France, Spain, Belgium, Italy, Ireland, Germany as well as the wider EEA region. Users of the challenger bank can access crypto services offered by crypto trading platform, Kraken and are able to earn up to 10% annually on selected cryptocurrencies, by helping to validate transactions on blockchain networks.
bunq’s latest research shows nearly 65% of users say not knowing when to buy or sell is their biggest barrier to making a profit on their digital assets. To solve this, the neobank now offers flexible staking that allows users to earn rewards on their crypto without having to worry about timings or restrictive lock-up periods.
Our users have been asking for a simple way to grow their crypto,” says Joe Wilson, Chief Evangelist at bunq. “With flexible staking, they can now earn on the crypto they already own while keeping the freedom to buy, sell, or unstake anytime. We’re proud to be the first neobank to bring this to Europe.”
The news follows bunq’s announcement on applying for a broker dealer license, fast-tracking its entry into the US market as part of its global expansion plans.
Disclaimer:bunq does not dispense investment advice. Crypto trading involves risk of loss. Crypto trading provided by Payward Europe Solutions Limited t/a Kraken, authorised by the Central Bank of Ireland. Staking is unregulated, involves risk of slashing and is provided by Payward Commercial Ltd t/a Kraken.
In the world of cryptocurrencies, generating passive income is a key objective for savvy investors; after all, wealth generates wealth. Crypto enthusiasts constantly seek opportunities to earn passive income in the dynamic crypto landscape.
This article explores the passive income potential of the Caged Beasts ($BEASTS) referral mechanism and compares it to popular options such as staking with DAI and ATOM (Cosmos). Whether you want your money to work for you through passive income crypto strategies or aim to maximize your returns in the crypto world, we will provide valuable insights and knowledge to do so.
Caged Beasts Referral Mechanism: Redefining Passive Income
Caged Beasts offers a unique and exciting opportunity for passive income through its referral scheme. By referring others to invest in the project, you have the opportunity to earn a passive income.
What sets Caged Beasts apart is the ability to generate passive income without having to make an investment, providing those interested in participating with options and flexibility. When your friends or family invest using your unique referral code, you earn 20% of their deposits in your choice of either ETH, BNB, or USDT. The investors also benefit from receiving an additional 20% in $BEASTS tokens, adding additional value to their investment. This win-win approach fosters community engagement and offers an accessible path to passive income in the crypto space.
DAI Staking: Empowering Stability & Returns
For those seeking stable and reliable passive income in crypto, DAI staking is an excellent option. By locking up your DAI in a staking contract, you contribute to the stability of the Ethereum network while earning rewards. The annual percentage yield (APY) for DAI staking varies, typically ranging between 2% and 10%, depending on market conditions. With DAI’s reputation as a stablecoin, staking it allows you to earn passive income while minimizing the volatility often associated with cryptocurrencies. DAI staking empowers you to make your money work for you by providing a consistent income stream.
Cosmos Staking: Security, Governance, and Passive Income
Cosmos staking offers another avenue for passive income with crypto. Cosmos is a decentralized network of interconnected blockchains, and by staking its native cryptocurrency, ATOM, you contribute to network security and governance. In return, you earn staking rewards, which typically range from 7% to 12% annually. Beyond the passive income potential, staking ATOM grants you voting rights, allowing you to actively participate in shaping the future of the Cosmos network. With Cosmos staking, your money not only works for you but also gives you a voice in network governance.
Comparing Passive Income Methods
When comparing Caged Beasts’ referral scheme with DAI and Cosmos staking, several factors come into play. Caged Beasts’ referral scheme stands out for its flexibility, providing an instant income stream without a locking period or investment. On the other hand, DAI staking offers stability and reliable returns due to its association with a stablecoin. Cosmos staking combines passive income potential with active participation in network governance, offering a unique experience for crypto enthusiasts. However, staking requires you to lockup tokens for up to one year and offers minimal returns at best when compared to the referral mechanism of Caged Beasts.
Conclusion
The crypto world offers numerous opportunities to make your money work for you and earn passive income. Caged Beasts’ referral scheme, DAI staking, and Cosmos staking cater to different investor preferences. Whether you prefer the flexibility of the referral scheme, the stability of DAI staking, or the empowerment of Cosmos staking, it’s crucial to assess your risk tolerance and conduct thorough research before diving into any investment strategy.
To explore the possibilities offered by Caged Beasts and embark on this passive income journey, register your email and participate in the presale by visiting the main website. Don’t miss out on the chance to maximize your earnings in the crypto space.
