In general, I think there are two ways to follow the route of investing without constant trading and therefore less risk.
The first would be to play it Ultra Safe.
Invest in USDT and put it into a stacking/saving product and earn ~ 10 – 12 % yield on it per year.
That’s the easiest way but still comes with some risk:
USDT is a cryptocoin that tries to be worth always the same amount as one dollar.
That means you don’t have to worry about it loosing but also gaining value compared to the Dollar.
In simple terms this is almost like a digital dollar.
That means if the Dollar looses or gains value so does the USDT.
(This is not the only coin that works that way but the most popular one.
Those coins are called “Stable coins”. Other examples would be Dai, BUSD, USDC.)
The difference to the “normal” Dollar is that you can put the USDT in investment products on exchange platforms –
That means you lock it up like you would on a normal saving account of your traditional bank and earn interest on it.
But instead of the lousy 0.1% a lot of banks give you on your savings, instead you can get up to 12%+.
Then there is that other way
More risk more reward
Instead of investing in USDT or other stable coins go for coins that are not bound to the dollar and that for vary in value.
Investing in these coins can yield a lot more interest but also the coin themselves can appreciate in value.
For example on Binance there are some featured coins that can make up to 30%+ – if you are fast enough.
Because of the high interest rates those investment products can be “sold out” really quick.
Sold out?!
Yes a lot of times such products have a maximum limit of coins that people can put into the product.
When that cap is reached it gets closed.
Websites I highly recommend:
In the near future I will go more in detail how to create an account and invest on both of those exchanges.
