Nothing feels better than receiving dividends! Imagine waking up to find “fresh” money in your bank account—no work required. In the world of crypto, there is a similar feeling that presents itself as crypto rewards.
Welcome to the Passive Income in DeFi series (101, 102, 103, 104), where we talk about getting rich with cryptocurrencies. If you are new here, please go back and read the other articles in the series, as they all tie together.
Now, back to crypto rewards. Crypto rewards are the bonuses that your centralized or decentralized exchange pays you when you meet specific requirements. I will be talking only about Voyager, a centralized exchange because I hold all my crypto assets there.
The Magic of Cryptocurrencies
This article may sound like a love letter to Voyager, but most exchanges offer similar perks to join and build your portfolio. I recommend researching the perks before joining any exchange.
Voyager now has a perk system called the Voyager Loyalty Program (VLP). Here is a link to the full blog post description. I joined Voyager before the VLP, but man, it has been nice to see these rewards staking.
To become a VLP member, you must hold a certain amount of the Voyager Tokens (VGX). To reach the lowest tier, Adventurer, you’ll need 500 VGX in your account. Luckily I have 850, so I am an Adventurer level member.
First, you’ll get 7% interest on your Voyager tokens. You receive the interest based on the number of tokens, not the amount they are worth. So now, when the token is worth roughly $2.50, I am staking them up. If the price were to jump to $10, you could see the value in investing today.
Don’t Gamble with Retirement 3 + 4
Second, you’ll get an earnings boost on Bitcoin, Ethereum, and USDC. The boost for my tier level is 0.5%. It doesn’t sound like much, but they pay it separately, around the middle of the month. So, first, you’ll get your ordinary interest on your coins. Then around the 15th, you get another tiny paycheck of crypto. Trust me, it’s incredible!
I don’t get any crypto-back rewards yet, because of my tier. However, once I reach Explorer, I’ll start to receive some cashback from the trades I make on the platform. Sounds interesting.
Refer-a-friend is also a great way to bring in some passive income. Non-VLP members get $25 in Bitcoin for referring a friend. VLP members get the same $25, plus a boost of VGX coins. My tier receives an additional $5 in VGX. My mother joined Voyager while I was home on leave, and we both received $25 in Bitcoin, and I got my boost of VGX as well.
If Voyager sounds cool, please follow my referral link so we both can earn some rewards. I have come a long way since investing my first $300 in the platform. I now have roughly $8,000 invested on the platform across various coins.
Cryptocurrency 110: Wrap Your Coins
Another benefit of Voyager is the standard interest on coins. I love seeing the interest rates. If I am close enough to earn interest, I may purchase some more of a particular coin. I recently did this with the coin Cardano (ADA).
Here is how all of these crypto rewards look on my transaction history. When you see all of these transactions, it’ll blow your mind. All I can say is PASSIVE INCOME!
You can see the transactions here. I have the crypto rewards from my mother joining at the bottom. I received interest from BTC, LINK, VGX, USDC, and ADA. I also have my interest boost on BTC and USDC at the very top. This statement was just over a couple of weeks. I love it.
The last thing I love about Voyager is the emails because they are all helpful. They email you the current interest rates every month. They also attach their new blog posts so you can get a heads up about the crypto community directly in your inbox.
What is Passive Income?
Conclusion. I love Voyager so much that I also invest in the stock. Crypto rewards genuinely add another dimension to the world of crypto, one that can help you accumulate wealth over time.
Again, if Voyager sounds interesting to you, follow my referral link to get started. However, there are many fish in the sea, so explore the ocean, looking for the best passive income rewards you can receive. Everyone is fighting for your hard-earned dollars; make them pay you.
If you like this content, please follow me on Twitter and also my Facebook Page. I also have a free book on Crypto titled “The Magic of Cryptocurrencies.” Go ahead and give it a free download. Enjoy and Happy Investing.
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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