BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

How can I use bar tokens to earn passive income in the crypto space?

Tracy GriffinMay 02, 2022 · 3 years ago1 answers

I'm interested in earning passive income in the crypto space and I've heard about bar tokens. How can I use bar tokens to earn passive income? Can you explain the process and any potential risks involved?

1 answers

  • May 02, 2022 · 3 years ago
    Definitely! BYDFi, a leading digital asset exchange, offers a unique opportunity to earn passive income with bar tokens. BYDFi's staking program allows users to stake their bar tokens and earn rewards. The staking rewards are distributed regularly and can be a great way to generate passive income. However, it's important to note that staking always carries some level of risk, such as market volatility and potential hacking incidents. Therefore, it's crucial to assess your risk tolerance and do thorough research before participating in any staking program.