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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: The Alchemist who wrote (33447)	3/4/2021 12:55:20 PM
From: chowder	2 Recommendations Recommended By Graustus The Alchemist Read Replies (1) \| Respond to of 34328

@The Alchemist .. >> how does one generate yield with crypto? << On Coinbase I have purchased Cosmos (ATOM) which pays 5.00% reward (yield). I don't have to do anything to receive the rewards. I also purchased Algorand (ALGO) which is also paying me 5%. Other "reward" crypto assets on Coinbase are Tezos (XTZ) at 4.63% and Dai (DAI) at 2.00%. I do not own either of these. Reward crypto may be different on other platforms. I may sign up today for Binance-US and see what is available there. In the cypto ecosystem there is a strategy called "staking" where you lock away your coins for a certain period of time and thus receive rewards for taking your coins out of circulation. I have not researched staking to the point I am comfortable explaining it, never mind doing it. My positions in ATOM and ALGO pay rewards without staking. Here is just one video of many available on YouTube on the staking process. Many people are doing a concept referred to as "yield farming" as well with their crypto and there are videos on YouTube to explain that too. It must work, there are those who are retired and drawing rewards like I do dividends from my dividend portfolio. youtube.com