Life is a lot easier when passive income is factored into an individual’s finances. Whether it’s traditional investing or virtual currency investments, passive income can free you from working 40+ hour week, take extra vacation, travel to whenever and wherever you desire. That extra money can work miracle for your lifestyle in quality of life.
The opportunities in the cryptocurrency market is endless. Although crypto is fairly new for the majority of people, and can be seined as intimidating , it can be very profitable for those who are willing to put in the time to learn the ropes. It is not necessary to build your own crypto mining operation or having $100s to spend on Bitcoin to make some serious profits.
Thanks to fairly new buy-and-hold method with cryptocurrency altcoins, you can profit handsomely without having to do any work other than buying a few altcoins and hold for a period of time. The concept is called proof-of-stake (PoS).
With PoS, you simply purchase a specific coin or tokens, hold for a period of 3-6-12 months or more. Every month the exchange or company you’re doing the coins staking with will give you a percentage of extra coins based on the number of years the coins are locked for.
Why is Crypcurrency coins or altcoins staking good investment?
Investors in cryptocurrency coins staking benefits many ways. The combination of the altcoins’ price increase after the stake and the percentage (%) received for staking (PoS) will lead to higher yields.
Which best altcoins to buy and stake in 2019 and 2020?
The best altcoins to buy and stake in 2019, 2020 and beyond are those that are real blockchain projects and rewarding 5% interest or more. Below are 5 top altcoins worth staking.
1. IOStoken (IOST)
2. Decred (DCR)
3. Cosmos (ATOM)
4. KuCoin Shares (KCS)
5. Komodo (KMD)
As evidence on the screenshot above, most of the alcoins on the list worth staking don’t require you hold a lot of them to start. They’re all very simple and cheap in price. The most popular names on the list are KuCoin Shares and Cosmos. Both have received a lot of attentions over the past couple of months due to their bullish prices.
Disclaimer: This author of this article himself has significant cryptocurrency holdings. However, this article is for informational only for purposes. It should not be taken as advice for investments. We advice you always perform own due diligence before diving into the world of crypto investments.
Mathieu is a Information technology professional with over 15 years of experience. He started one of the first bitcoin blogs existed in 2010. He started writing about, investing in bitcoin and promoting the first cryptocurrency when only a few technological savvy people knew about it. Mathieu is a world traveler who enjoys culture, technology, finance, salmon, rice and beans. He’s cool, collected and knows a great deal about blockchain technology.