How does the idea of generating a crypto passive income stream – automatically adding to your Bitcoin, Ethereum, or Litecoin stack – while you sit on the beach? Sound too good to be true? In this blog post, I’ll tell you how you can make this happen.
Whale Lend is an interesting new idea – what if it were possible for crypto hodlers to earn a daily return, automatically, putting their funds to work instead of just sitting in an exchange wallet or cold wallet? In other words, earn interest similar to a traditional bank account- except with cryptocurrencies it’s possible to earn a much higher annual rate of return than a traditional bank account – anywhere from 10%-50% or more have been observed historically. You can add to your crypto stack continuously over time, which sounds great to me.
Overview – How Issuing Loans allows you to Create a true Crypto Passive Income Stream
The whale lend team has put together an easy to follow overview video explaining exactly how the process works.
Okay, you’ve got your cryptocurrency. Fantastic. But what now? Are you just holding your cryptocurrencies in a wallet or an exchange? Whatever the case is, holding cryptocurrencies is just like keeping cash under the mattress, it’s neither growing or working for you. It’s a fact that many seasoned crypto HODLer don’t know they could be earning interest on their holdings. But you can.
Just like the Stock Market, in cryptocurrency markets you can lend your cryptos to traders. In return, you earn interest. Simple. But there’s a catch; Doing the lending yourself across many exchanges is a difficult and manual process. That’s where WhaleLend can help. Our Loan engine works night and day to keep your Cryptos earning interest diversifies your risk and maximizes your profits…oh and of course we take away all the hassle. So what are you waiting for? Join the Whales, sign up at whalelend.com and let us put your cryptos to work.
What Kind of a Return can be Expected from this Crypto Passive Income Method?
The simple answer is that the amount you can earn varies dramatically as the interest rate for any given lending market (for BTC, ETH, LTC and so on) fluctuates constantly. Historical experience shows that in 2017, you would’ve earned about 15-20% annual return with Bitcoin for example.
What Cryptocurrencies can I Earn Interest With?
Currently, you can earn daily interest with Bitcoin, Ethereum, Bitcoin Cash and Litecoin. This is the dashboard view that you get after signing up to Whale Lend:
What are the Advantates of Loaning out my Cryptocurrencies to achieve a Passive Income stream?
What are the Risks of this Crypto Passive Income Method?
You need to decide for yourself if the risks involved with this crypto passive income method are worth it for your own risk level.
- You are trusting the Whale Lend team with your funds when using the direct crypto deposit method. However, the good news is that they are a venture capital (VC) backed company, and are registered with the Finnish Company Registry.
- The cryptocurrency exchange could become insolvent, for example if it was hacked and all depositors take a loss
- A failure in a cryptocurrency exchange risk-limiting trading engine. This scenario is seen to be extremely unlikely and has not occurred in major cryptocurrency exchanges. You can find out more details here.
Conclusion and Next Steps
After considering the risks, I decided that the returns, easy setup and zero time commitment afterwards were worth the risk for me. Simply click the below to start the process and start earning immediately.