To buy and hold cryptocurrencies that pay dividends, you need to follow these steps:
- First, you need to choose which cryptocurrencies you want to invest in. Some of the popular ones that pay dividends are Tezos (XTZ), NEO (NEO), KuCoin (KCS), Komodo (KMD), Looks (LOOKS), etc 1.
- Second, you need to find a reliable and secure platform where you can buy these cryptocurrencies with fiat or other cryptos. Some of the platforms that support these coins are Binance, Coinbase, Ascendex, LooksRare, etc12.
- Third, you need to transfer your purchased coins to a compatible wallet or exchange that supports staking or holding rewards. Some of the wallets and exchanges that offer this feature are Ledger, Trust Wallet, Tezos Wallet, NEO Wallet, KuCoin Exchange, Ascendex Exchange, LooksRare Staking Page, etc12.
- Fourth, you need to follow the instructions on how to stake or hold your coins on the chosen platform. Depending on the coin and the platform, you may need to lock up your coins for a certain period of time, delegate them to a validator, or simply keep them in your account12.
- Fifth, you need to monitor your rewards and claim them periodically. The rewards are usually paid out in the same coin or in another token. The amount and frequency of the rewards may vary depending on the coin, the platform, the market conditions, and other factors 12.
By following these steps, you can buy and hold cryptocurrencies that pay dividends and earn passive income from them.
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