The key to successful investments is the ability to organize passive income. Traditional financial instruments offer various options, from bank deposits to property rentals and more. In the cryptocurrency industry, the role of passive income belongs to mining and stacked crypto. The first option requires impressive financial investments and constant participation on the part of the owner of a mining farm, so it is hard to call this process passive income.
Mining on video cards is not the topic of this article, we will rather talk about staking, which makes it even easier to get passive income. One of the popular cryptocurrencies that support coldstack crypto is DASH.
Briefly About DASH
DASH is the oldest cryptocurrency supporting staking. It was released in early 2014, and despite strong competition in the crypto space, DASH is considered one of the safest and cheapest digital coins to use.
Thanks to InstantSend technology, DASH network members can make instant payments at almost zero commission, which is very popular with ordinary consumers and entrepreneurs. As of the time of writing, the dash coin price is $44.92.
Benefits of DASH Cryptocurrency:
- High throughput
- High level of decentralization
- Additional anonymization due to improved PrivateSend function
- Almost zero commission fees
Staking DASH
Most likely, if you had 1000 DASH in your portfolio, then you would not read this article. The vast majority of investors have a negligible amount of DASH. In this regard, crypto industry representatives have simplified staking access for DASH holders.
For example, DASH staking is supported by exchanges such as Coinbase, Binance, WhiteBIT, KuCoin, Bibox, OrionX, HitBTC, and others.
Smart Staking on the WhiteBIT Exchange
You can deposit in crypto lending and earn a passive income of 0.5% for 30 days and 1.8% for 90 days. Thus, with a monthly plan, you can receive 6% per annum, and with a three-month plan – 7.2%, respectively. The minimum amount for staking is 0.5 DASH. Remuneration is accrued at the end of the plan. It is possible to withdraw DASH beforehand, but in this case, you will lose all accrued interest from crypto lending.