Top 10 Cryptocurrencies With Dividends
For beginners, the perception around profiting from cryptocurrency is either that you hold a coin and it blows up, or you day-trade the peaks and dips of a cryptocurrency, making profits on the margins as you go. What many uninvested believe to be true is not quite right, as it overlooks some of the other intelligent options for profiting from your crypto, like margins, futures, DeFi staking, and dividends.
In this piece, we will be putting our microscope on dividends, showing beginners, pros, and institutions alike that there are more profitable opportunities out there than could previously have been imagined.
What are crypto dividends and how can you get them?
If you know about traditional business dividends, you’ll know that a business distributes a portion of its earnings to its shareholders every year or every quarter. There is a board of directors who make these decisions, and they typically pay out either more shares or cash payments.
In the crypto world, there is the opportunity to do something similar, but rather by cutting out the directors and simply holding on to the right cryptocurrencies. This profit-sharing technique is only followed by a minority of projects, so it’s often hard to find out which ones are doing it. We are hoping to solve that in this article.
1.Komodo (KMD)
Komodo is an anonymity-supporting cryptocurrency in the DeFi space that allows those who hold more than 10 KMD in their wallet to receive an annual return of 5%.
At today’s price of $1.36, you’d need to spend $13.60 and you would earn $0.68 per year. Of course, these numbers are scalable.
Komodo refers to these dividends as ‘active user rewards’ and will require the holder to make their claim every 30 days, after which they will stop accruing until they have been claimed.
KMD can be found on Binance, Huobi, Bittrex, and about a dozen other exchanges.
2. KuCoin Shares (KCS)
Hong-Kong’s KuCoin exchange is one of the top 10 biggest exchanges in the world and KCS is their native utility token. They were one of the first cryptocurrency projects to launch a dividend scheme, doing so in 2017.
The exact returns are variable, as the algorithm distributes a share of 50% of the exchange’s trading commission fees. Since KuCoin is already one of the cheapest exchanges to trade on, at 0.1% for makers and takers, these dividends are not huge but scale directly with how much KCS you are holding.
You must hold at least 6 KCS, which are currently $2.55 each. Payouts are made daily and add to the KCS holding. KCS can only be acquired on the KuCoin exchange.
3. BitMax (BTMX)
Whereas KCS shares out 50% of their trading fee commissions, BitMax offers 80%, truly giving users an incentive to hold their BTMX token.
Payouts are made daily as long as the BTMX is locked into a BitMax account, which can be done by going to ‘assets’ and clicking ‘request for lockup’. Users who trade their BTMX on other compatible exchanges (Gate, FTX, ProBit, Uniswap V2) cannot receive these benefits.
There appears to be no minimum hold for payouts and currently, BTMX costs just $0.40. Averaged returns over the last few years are between 35–50% per year. Returns are paid in USDT.
4. Coss.io (COSS)
Autonomous crypto exchange COSS works on basically the same principle as KCS, with 50% of transaction fees being shared with the holders. The major difference is that the returns, rather than being paid in COSS, are paid weekly in ETH or BTC depending on which one was used to pay the transaction fees initially.
Please note that right now, COSS is migrating onto a new and improved platform, which has required them to suspend all withdrawals and trading for 4 weeks, a period which then extended by another 4 weeks. They did this without warning and upset many users. The relaunch is expected in March 2021, which offers a major opportunity for those who get in early.
5. Bibox (BIX)
Chinese blockchain exchange company Bibox introduced their dividend scheme back in April 2018, offering a weekly share of 35–40% of their trading profits for those who lock in more than 500 BIX (on Bibox). At $0.13 each, this is a minimum investment of $65.
Payments are made weekly in BIX, which are available to buy on Bibox, Huobi, or Bamboo Relay.
This handy website shows you the dividend potential of BIX.
6. Neo (NEO)
Sometimes referred to as ‘Chinese Ethereum’, NEO can be staked inside a NEO wallet to receive daily payouts in GAS, another cryptocurrency on the NEO blockchain. You will need a wallet that supports both NEO and GAS, as some which support just NEO and not GAS will keep the dividends for themselves.
Each NEO costs $44.60 at today’s rate and holding 1 NEO will return 0.0003 GAS per day, which will take 8 days to return $0.01. The returns are very low, at just 1.29% ROI per year however, remarkably, this is still likely to be more than a traditional bank will offer you in interest.
Users who bought in 1 year ago paid just $15 per NEO token, and so on top of the GAS payout, they’ve seen the value of the coin itself triple whilst being held.
7. Neblio (NEBL)
Blockchain platform Neblio is used to develop Dapps, launch ICOs and build smart contracts, but it’s also a great option if you’re looking for dividends.
They offer an estimated 10% yearly return when NEBL is locked into their official wallet (Neblio QT) or a Raspberry Pi device.
There’s no minimum stake amount, and with NEBL costing just $2.12 at today’s rate, it’s easy to buy up a bunch. On top of the guaranteed returns, users who hold NEBL en masse can get additional weekly rewards. Users with a mid-range amount, say 100 NEBL, might get a reward every quarter.
The algorithm’s exact details are unknown, but this technique is called weighting. In theory, the weight of the network is divided by the weight of your holdings to give a percentage chance that you will win an additional bonus. It’s a bit like playing the lottery.
Here’s a guide on how to get your NEBL gains.
8. PIVX (PIVX)
Anonymity coin PIVX uses the Zerocoin protocol to protect information about its holders, whilst also offering a staking option that can earn investors serious dividends.
There’s no upper cap for staking, and rewards are paid daily, offering about 4.8% per year in rewards.
PIVX currently cost $0.82 but have more than doubled in value since the start of 2021, giving even more incentive to lock them in.
Step-by-step instructions for getting PIVX dividends.
9. Ontology (ONT)
Ontology is a blockchain network that offers a wonderful infrastructure for peer-to-peer trust, but also the potential to earn decent rewards.
At the current price of $1.18, an investment of $100 would get you about 85 ONT, paying you almost 3.5 ONT per year as a dividend, roughly 4%. This compounding interest, combined with the rise in ONT value, which has almost quadrupled in less than a year, shows that the actual gains can be much greater than expected.
Use this free calculator to see if your ONT could be earning you rewards.
10. Probinex (PBX)
Forgive us for including our own coin on this list, but if you’ve read this far, you’ll want to know about the epic dividends we are offering to investors.
We offer three staking options that can earn major dividends to those who hold at least 1 PBX:
- Yearly return product: 8–15% — locked in 365 days
- Monthly Conservative trading product: 6–12% — 1–3 years lock-in
- Aggressive trading: Estimated 27% annual returns depending on trading results, flexible lock-in period, and a monthly payout
We are confident that the aggressive trading returns appear most attractive to you, so what are these dividends based on? Well, we share out 40% of our trading profits to holders in this category or 50% to those who hold more than 5 million PBX.
PBX currently cost around $0.02 each, so there are enormous opportunities to be made here. Are you sure you want to miss out?
Get started with Probinex today!
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