2/9/21

The Ultimate Guide To Earn Passive Income With Crypto in 2021?


Have you ever thought of bots taking care of your income?


If not, start today by reading this quick guide. We, recently, noticed that passive income ideas are becoming more and more popular in the United States in particular according to Google Trends data below. However, most of the people interested in passive income have little knowledge about the best passive income sources.


Through this article, we tend to provide help by introducing some great crypto-based passive income ideas to you. If you are interested in creating an extra income along with your regular day job, then check out these passive income examples below. 


Crypto-based passive income ideas are getting more popular thanks to the development of crypto bots like KuCoin's.


Tip: We picked KuCoin's Trading Bot as our case study, read below.



Google Trends Screenshot

What is a Crypto-Based Passive Income?

Studying the subject, we came across this passive income definition on the internet. According to the Internal Revenue Service (IRS) - “Passive income is earnings derived from a rental property, limited partnership, or other enterprises in which a person is not actively involved.”


In our case, we are concerned with only trading and investing as the main source of income from cryptocurrencies. However, you actually can also earn from crypto without being actively involved.


The passive ways below will, slowly but surely; be adding to your earnings like the traditional interest income or the rental income. You do not really need to spend a lot of time building or maintaining your crypto business with these passive income ideas.


Related : How to make money with NFT ?
Also check out; The top proven ways to earn money with crypto !

What are the Crypto-Based Passive Income Sources?

If you are still reading until here, it's time to get you more excited. Be aware that some of the passive income ideas we are discussing here might not be new to you but it would certainly be worth having a look at. 


Let’s check them out :

            1. Staking

Staking is the easiest in the lot. You just need to hold some coins and get rewards. Easy right? Often, blogs, articles, and news websites tend to blow our minds with those crypto mining stories but we have had little to no knowledge about staking methods. In fact, staking is considered as an alternative to mining. So you should learn more about staking if you are interested in passive income sources.

            2. Mining

Mining is a resource extensive source for getting passive crypto rewards. You provide computing power to the blockchain network and get rewarded by the network for your service. Mining requires no active involvement; however, you need to put in some initial investments to get started with this passive income process.

            3. Trading Bots

Crypto trading bots are a modern approach for going passive thanks to the latest technological advancements. Finextra considering this approach as a “Laziest way to invest.” Upon its late release in January 2021, the KuCoin trading bot is gaining much more popularity being one of the best trading bots you can get for free to earn a stable passive income. The bot is built-in and can be used inside the exchange free app. KuCoin is claiming the bot as “a new way to make passive income.”

Introducing The KuCoin Trading Bot

KuCoin is making headlines in allover the cryptocurrency news platforms for its large crypto exchange volume. The exchange is gaining more popularity day after day thanks to its flexibility to accept almost all altcoins along with major cryptocurrencies.


KuCoin trading bot is the advanced management interface for trading crypto on the KuCoin market launched by the KuCoin team to provide a better experience for the users. 


You just need to update the KuCoin app to get started with the KuCoin trading bot and start earning an easier stable passive income. 

An Automated Crypto Bot for a Passive Income

You do not always get a suitable direct trading offer in the exchange market. The new marvelous feature of the KuCoin App, the KuCoin trading bot is the best strategy maker in this volatile market with a wide range of order types.


This advanced platform is pulling a massive crowd. The majority of the people are finding this new feature very helpful to have an edge in this very competitive market.

The Smartest Bot in the Lot

With a large number of automation tools and a simple intuitive layout, the KuCoin Trading Bot interface helps you rise above the competition. It provides you with the most user-friendly backgrounds and levels of experience whereas all other algorithm tools tend to be too simple or too complex.


KuCoin provides bonuses on exchanging and holding KuCoin's Token (KCS) inside the KuCoin account.

Earning Passively With a bonus

If your trading volume reaches 10 USDT, you will be eligible for the free airdrop. Each airdrop is worth 5 USDT and KuCoin will select you the coin among Cardano, USDT, Ripple, Tron, Bittorent, etc.


The validity of the deal is unlimited.

Cost of Maintaining KuCoin (A Quick Comparison)

The following image will help you to have a general overview of KuCoin vs Binance vs Coinbase Comparison :



For an instant comparison at a glance, you may think that Coinbase and Binance exchanges are better than KuCoin. 


However, if you look deeper, you will get to know that in spite of the fact that both Binance and Coinbase are taking the lead of the crypto exchange platforms, they are really prefered when it comes to fees. Kucoin is known for its low trading fees as well as withdrawal fees.


If you happen to have a large sum of fiat money, then Coinbase could be a good option for you. On the other hand, if you are looking to gain profit from cryptos by investing a limited amount of money, then KuCoin is the best match for you.


    - The withdrawal fees on Coinbase are 3% whereas KuCoin is providing this service at only 0.1% fee.
    - The trading fees on Coinbase are almost 4% while KuCoin is taking only 0.05% for each trade.
    - The withdrawal fees on Binance are 35 times higher than KuCoin. And Binance trading fees are also much higher than those of KuCoin.


KuCoin makes it possible to trade and withdraw bitcoin and altcoins at an affordable price. Thus, users on KuCoin are already taking profit from this competitive market. And so will you after having read this in-depth analysis of the KuCoin trading bot which will be more helpful to you to start earning passive income in the long run.

KuCoin Shares “$KCS” is Surging

On the 27th of January 2021, the 24-hour trading volume of KuCoin’s token $KCS was $9.209.140.00 with a market price of around $1.13 . The KuCoin Shares price surged up to 2.53% from the previous day, resulting in $92.980.213 total cryptocurrency market capitalization.


The KuCoin Shares is referred to as $KCS.

Pros of KuCoin’s Trading Bot

Upon KuCoin’s official announcement about launching their trading bot, the entire crypto media went on flooding the crypto world with headlines and reviews from cryptocurrency experts and users.


To help users arbitrage in a volatile market, the KuCoin trading bot supports DCA (Dollar-cost Averaging) trading and the Classic Grid trading to make a stable income. The KuCoin trading bot provides an automatic investment plan by which you can control risk and earn a long-term ROI (Return On investment).


You have the possibility to set a target while setting up a KuCoin trading bot that supports the profit target function. When the target you have set is reached, you will get a reminder from your KuCoin trading bot to continue the DCA trade or to sell all positions.


Johnny Lyu, the KuCoin’s CEO, said that the existing investment tools available in the crypto market are still not competent enough. They either are too complex for novices or not yet advanced enough for professional traders. 


The bot features a built-in default user-friendly interface that helps newbies operate in a simple and easy way. Additionally, the option of custom parameters in an AI settings provides advanced traders with the opportunity to use it at their convenience.


He also added that it has made passive income more stable and easier for the platform users.


KuCoin has made a claim about adding features like Margin Grid, Extreme Volatility Killer, Dynamic Position Sizing along with existing Classic Grid and DCA. These new features will provide more utility services to the users of the exchange.

Few Tips Before Going Passive

Now that you have got a complete picture of how to go passive using KuCoin's trading bot, you should consider the following tips so that you can earn more money passively :

  • Never follow the herd. This is a classic trick that should work in the cryptocurrency world also. Always remember that the crypto industry is full of rumors and hype. So do your own research first before jumping into it.

  • Keep top exchanges on your list. Many fake exchanges are making fools of the investors. Don’t fall into their trap. Make sure you study the exchanges very well before investing a dime in them even if you are considering only passive income sources. Always go with the exchange you can trust.

Bottom Line

The legendary investor Warren Buffet once said, “If you do not find a way to make money while you sleep, you will work until you die.” That's why you need an easier and free tool like KuCoin’s trading bot to make a passive income with cryptocurrency. And this should be your goal for 2021.


While Bitcoin, Ethereum and some other altcoins are on continuous rise since December 2020, it would be a wiser decision to go passive on crypto. Check out our other crypto passive income ideas below and diversify if possible. 


However, considering the AI involved in building a crypto trading bot, we can bet on KuCoin’s being the best to date to go passive with crypto. Besides, you literally can get lazy while still earning your income from KuCoin


Reaching the end of this guide, we would like to conclude with the following statement: Stable passive income sources like KuCoin’s bot should really have your consideration this 2021. So do not miss that chance.


Read also how you can Build your income online !

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