Several methods such as crypto rewards, staking and lending are among the main ways to grow your digital assets. We have compiled some tricks for you to increase your crypto currency through rewards…
1. Coinbase Learning Rewards
Coinbase Earn is the easiest way to start generating crypto rewards on Coinbase. You can get something to try yourself in exchange for learning the basics about some cryptocurrencies.
Since the launch of Coinbase Earn in 2018, users have bought over $100 million in cryptocurrencies including 0x, Basic Attention Token, Zcash, Stellar Lumens, EOS, Dai, Tezos, Orchid, Compound, Celo, Nucipher and Graff . bought.
2. Stake some of your crypto
Many cryptocurrencies now use proof-of-stake consensus mechanisms. This is a way that their decentralized network can ensure that all transactions are verified and secure without any banks or payment processors in between.
With such a cryptocurrency, you can “lock” some of your assets in a staking pool for a set period of time, and earn rewards for contributing to the security of the network. This is an excellent option if you plan to hold cryptocurrencies for the long term. Because that way you can make it work for you instead of letting it sit idle.
Eligible users can stake Tezos, Cosmos or ETH through the main Coinbase app or website through June 2021 and earn up to 6 percent APY (depending on the type of asset staked).
3. Convert Your Dollars to a Stablecoin
A potential downside to staking prizes is that they are paid out in local cryptocurrencies, which can be volatile. However, you can earn rewards by buying and holding stable coins pegged to the dollar, such as Dai and USD Coin (USDC).
4. Lend some of your crypto with CeFi
Putting dollars into a traditional savings account and generating meaningful returns can sometimes be difficult. But stable coins make a similar proposition possible. A growing number of central finance (or CeFi) products have emerged that offer attractive returns for holding some of your crypto assets as stablecoins. For example, Coinbase customers looking for a low-risk investment can start earning 4.00 percent APY through USDC. Cryptocurrency deposits are not insured or guaranteed by the FDIC or SIPC.