If you want to get a better understanding of how bitengo.io can help you generate a passive income online, then this article is exactly what you have been looking for. With Bitengo, you can buy the most popular cryptocurrencies just like any other product you would usually buy online. All you have to do is choose the amount of crypto you would like to buy, and checkout using your credit/debit card! That’s it! Afterwards, once the payment is processed, your newly purchased cryptocurrencies will be deposited to the wallet you have indicated at checkout.
The two most common ways to make a passive income when purchasing crypto are buying and holding, as well as buying and holding for dividends.
Buying And Holding With Bitengo
This method of generating a passive income by purchasing cryptocurrencies is fairly simple, and is self explanatory. All you have to do is purchase a certain amount of cryptocurrencies, and hold them in your possession till you see that the price of the crypto you have purchased has grown to the amount you feel comfortable at selling your purchase cryptocurrencies. For example – Let’s pretend that Bitcoin is currently at $8,000 per bitcoin. You buy 5 bitcoins, which adds up to a total of $40,000 worth of investments into crypto.
After 3 months, you go back to check how the market is doing and notice that now bitcoin is worth $10,450 per bitcoin. Within just 3 months, you have generated a profit of $12,250 by just simply buying and holding the world’s most popular cryptocurrency!
Buying And Holding For Dividends With Bitengo
The concept of this strategy is almost identical to the one we have above, yet, there’s a slight twist to it. You can follow the same concept as in the first option of obtaining a passive income by buying and holding cryptocurrencies and selling them later on, but did you know that there are certain lesser known cryptocurrencies that will actually pay you fixed monthly dividends as long as you own their cryptocurrencies?! Below you will find a list of the top paying cryptocurrencies in 2019!
By purchasing these cryptocurrencies you guarantee yourself a monthly payout from these IPOs. Best part is, that at the end of the day once you no longer wish to hold these cryptocurrencies, you can simply sell them! The chances of these cryptos growing in value within an 8 month time period is roughly 75%, making it a great passive income on all fronts!