Top 5 Cryptocurrencies For Passive Income This Weekend

By Trading Education Team

Last Updated December 30th 2022

5 Min Read

Top 5 Cryptocurrencies For Passive Income This Weekend - Our Picks

Binance Coin - Best exchange token to invest in today

Ethereum - Largest altcoin to help earn passive income

Fantom - Growing cryptocurrency full of potential

Polygon - Invest in MATIC and earn passive income in the future

Uniswap - Best utility token to invest in 2023 to make returns in 2025

A Closer Look At The Top 5 Cryptocurrencies For Passive Income This Weekend

Currently, the global crypto market is gaining renewed traction as more people begin earning passive income through crypto assets. For those unaware, passive income means money generated through ventures in which individuals do not actively participate or get involved. In most cases, individuals will invest their money or digital assets in a specific platform or crypto investment strategy and watch them profit. In other cases, the earnings may be fixed and predictable.

So if you are looking to earn some passive income this Christmas, learn more about the top 5 cryptocurrencies for passive income.

Binance Coin (BNB)

Binance has emerged as a leading crypto exchange with access to numerous cryptocurrencies, advanced features, and low fees. As a result, many crypto experts deem this exchange a good fit for advanced crypto traders looking to access a wide range of features and currencies.

Binance offers users multiple ways to make an income, but with varying levels of risk. You can earn around 30% APR on specific cryptos through its staking program or place the assets in a flexible savings account to accommodate lower but consistent rates. Investors usually earn passive income through the platform's utility token Binance Coin (BNB).

Moreover, the platform has numerous staking options and pays better rates than most crypto exchanges. Hence, many investors stake a certain amount of their assets in Binance. While advanced investors usually try to make an income by adding liquidity to token pairs. However, this carries another set of risks.

Known for its low transaction fees, numerous accessible currencies, features, and more, Binance is a leading exchange and one of the top 5 cryptocurrencies to earn passive income this weekend.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum (ETH)

ETH has been caught up in the crypto whirlwinds since the beginning of the year. A major catalyst for the network lately was the completion of the Merge, the much-awaited shift to the Proof-of-Stake system.

Apart from its functionality and use cases in DeFi, NFT, and the Metaverse, Ethereum is also one of the top cryptos to earn passive income this weekend and beyond. From staking and lending to yield farming, there is no shortage of ways for meaning passive returns on your ETH holdings. For example, the token holder can earn staking fees by running their validator node to process transactions and help secure the network.

ETH is also a good long-term investment option as the team has already announced plans to eventually implement more improvements and enhance the network to handle almost 100,000 transactions per second.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Fantom (FTM)

Fantom is one of the top layer-1 blockchains on which users can stake FTM to earn passive income with crypto holdings. In addition, the network is highly scalable and EVM-compatible, so users can deploy and run Ethereum dApps on Fantom.

FTM is one of the best picks for the top passive income crypto tokens as it offers multiple lending options, including fixed-rate and variable-rate lending. The crypto also has a staking program, allowing users to earn interest on their digital assets. Investors can actively participate in safeguarding the network by staking FTM and, at the same time, earn passive income as FTM rewards. Staking a crypto token means locking it up for some time and placing it in the owner’s wallet.

In addition to its native blockchain network, Fantom could also be staked across multiple platforms like decentralized exchanges (DEX) and custodial blockchains. The crypto offers a flexible and dynamic ecosystem facilitating the staking of numerous DeFi tokens to earn passive income on your investment.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Polygon (MATIC)

Polygon has positioned itself as the best crypto with sustainable growth, high transaction speed, low costs, and excellent security. The basic idea behind it is the use of its sidechains that process transactions off of Ethereum.

MATIC opens several ways for investors to invest and take leverage of the extremely low gas fees for trading and transferring on the network. Thanks to Polygon Liquid Staking from ANkr staking, earning rewards or a passive income while supporting the Polygon network through staking has never been easier.

This unique liquid staking method offers instant liquidity for the MATIC tokens, allowing users to connect staked assets to DeFi and create an opportunity to earn several extra layers of rewards, making MATIC one of the best passive income tokens for September. Also, since Polygon is a Proof-of-Stake blockchain, users can make passive income by staking MATIC tokens.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Uniswap (UNI)

Uniswap has established itself as a go-to investment for several crypto enthusiasts lately. UNI is one of the top 5 cryptos to earn passive income as the crypto’s Automated liquidity pools provide a unique passive income stream to buy and hold for investors.

Since Uniswap is a decentralized finance protocol, it has become one of the largest decentralized exchanges (DEX). The crypto has become a core building block of the way crypto investors facilitate peer-to-peer transactions in the crypto world.

One of the unique aspects of Uniswap, the decentralized exchange, is liquidity pools. Crypto investors can lock tokens in pairs of tradable securities to earn passive income. Each successful trade using an investor’s liquidity pays out a 0.3% transaction fee to the investor staking their crypto. These factors make UNI a good investment option too.