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Cryptocurrency is growing in popularity, but most people still think about crypto-related profits as the result of active actions. While you can certainly profit from cryptocurrency by trading it on an exchange as you would with any other asset, there are also other ways to make a profit. In fact, you may be surprised to learn about the surprising number of ways to earn passive income from cryptocurrency.

What Is Passive Income?

Passive income refers to income that you make without putting in additional effort. Essentially, you put the effort and investment in once and continue to make a profit in the future. Passive income contrasts with active income and portfolio income. …

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