How To Earn Money With Crypto Staking

and How Much I Make Doing It

Photo by Pierre Borthiry on Unsplash

Many investors prefer to put their crypto to work, rather than collecting dust in their wallets.

A popular method to generate passive income with your crypto is “Staking”.

In this article, you will learn:

• What is Staking?
• Stake your Crypto in Three Simple Steps

This is the second part of the three-part series “Earn Passive Income With Crypto”:

• Providing Liquidity
• Staking Crypto
• Lending out your Crypto

Part 2: Staking

What is Staking?

https://capital.com/proof-of-stake-definition

Cryptocurrencies like Ethereum use a proof-of-stake “consensus mechanism”.

In a simplified way it works as follows:

1. People lock up their crypto in staking pools.

2. The validator of a transaction is chosen out of the staking pools through a pseudo-randomly algorithm.