How to Buy and Trade Cryptos: A Beginner's Step-by
  • How to Buy and Trade Cryptos: A Beginner's Step-by-Step Guide
  • About Me
  • Content
  • 1- Manage Security
  • 2- Open a Bitcoin Wallet
  • 3- Buy and Sell Bitcoin / Cryptocurrencies
  • 4- Decide which crypto to buy
  • 5- Portfolio - Which Cryptos Manolo owns
  • 6- Strategies
  • 7- Turn Bitcoin into Money ($ £ € ...)
  • 8- DeFi - Decentralised Finance - Passive Income
  • 9- TAXATION
  • 10- How to stay updated with the cryptos
  • Conclusion
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8- DeFi - Decentralised Finance - Passive Income

Incredible financial tools are now accessible to everyone on decentralized platforms. Trading, lending, borrowing, investments, wealth management, payments, and insurance are all available on the blockchain. Harness these tools to generate passive income, showcasing the true potential of the crypto revolution.

I've personally lent crypto on various DeFi platforms (DApps) backed by smart contracts, earning interest. Rates differ by platform and market supply and demand. I've earned up to 51% APR on Ethereum, though around 10% is more typical.

You can see what is available here https://loanscan.io/ for the Ethereum DeFi and here https://autofarm.network/ for the Binance Smart Chain DeFi.(BSC is riskier but the APR can be insane, even up to 400%) Learn about DeFi here: https://youtu.be/k9HYC0EJU6E At the moment the DeFi on Ethereum has prohibitive fees, lots of people are using DeFi platforms that run on Binance Smart Chain, Polygon, and Cosmos. Get in touch if you want to learn more about DeFi. manolorem@gmail.com

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Last updated 2 years ago