If you’re looking to make some extra money in cryptocurrencies, then passive income cryptos are worth considering. There are a variety of cryptos that offer a way to generate passive income, such as Big Eyes coin (BEC), Huobi token (HT), and DOGE.
In this article, we will explore each of these coins, their features, and benefits, and why they could be a lucrative option for your Bitcoin Era.
What is Big Eyes Coin?
As the name suggests, Big Eyes coin is a cryptocurrency that allows users to earn rewards for simply holding or staking the coin.
There are no complicated algorithms or mining involved, making it one of the simplest and most passive income generating cryptocurrencies available.
Simply put, the more Big Eyes coins you hold, the more rewards you will earn. These rewards are paid out in the form of newly created Big Eyes coins, meaning that not only do you earn interest on your investment, but your investment also grows in value as the currency increases in popularity and circulation.
Big Eyes coin is currently available on a number of exchanges and can be stored in any wallet that supports ERC20 tokens. The team behind Big Eyes coin is constantly working on improving the currency and expanding its reach.
They plan to list it on even more exchanges and add new features such as mobile wallets and merchant integration in the near future.
What is Huobi Token?
As the name suggests, Huobi Token is the native token of the Huobi cryptocurrency exchange. It was launched in early 2018 and has become one of the most popular tokens on the market.
Huobi Token is an ERC20 token that runs on the Ethereum blockchain. It has a total supply of 1 billion tokens and a circulating supply of 830 million tokens.
The token is used to pay for transaction fees on the Huobi exchange and to receive discounts on trading fees. Huobi Token holders also receive voting rights on certain platform decisions.
What is Dogecoin?
A cryptocurrency called Dogecoin was established in 2013. It is a decentralized, peer-to-peer digital currency that enables users to send money online without the need for a bank or middleman.
The block time of Dogecoin, which is based on the Litecoin system, is one minute. The coin has a supply of 100 billion and uses the Scrypt hashing algorithm. Dogecoin is traded on many exchanges and can be used to purchase goods and services online.
Tips for Investing in Passive Income Cryptocurrencies
1. Do Your Research: Before investing in any type of cryptocurrency, it’s important to do your due diligence. Research the project, the team behind it, the technology, and the overall potential of the coin.
2. Understand the Different Types of Cryptocurrencies: Not all cryptocurrencies are created equal. You need to understand the different types of coins, such as utility tokens, security tokens, and stablecoins, in order to make wise investment decisions.
3. Diversify Your Portfolio: It’s important to diversify your crypto portfolio to minimize risk and maximize potential returns. Investing in a variety of different coins and tokens can help you diversify your holdings and spread out your risk.
4. Only Invest What You Can Afford to Lose: As with any form of investing, it’s important to only invest what you can afford to lose. Crypto markets are volatile and can be unpredictable, so investing more than you can handle may lead to serious losses.
5. Use Secure Wallets: If you’re investing in cryptocurrencies, it’s important to use secure wallets that are designed to store your digital assets. This will help protect your funds from hackers and other malicious threats.
With passive income cryptos emerging as the go to choose for many investors, it is important to understand which investments are promising.
Big Eyes Coin, Huobi Token and Dogecoin have all proven themselves to be viable options in this regard.
Each offers its own unique features that make them attractive investments and potential sources of passive income.
Whether you are looking to diversify your portfolio or simply increase your returns, these three tokens may just be what you’re looking for.
Check out Bitcoin Smart for investing in crypto.