A good explanation is here, but honestly all you really need to know is that it's digital money. Don’t worry if you don’t understand all the technical details. You can still easily make money from cryptocurrencies, like Bitcoin, if you follow my 5 easy steps below
Passive investing is an investment strategy to maximize returns by minimizing buying and selling.
In other words you buy and hold investments (in this case cryptocurrencies) for the long-term, with minimal active trading. On the stockmarket these are usually in the form ETFs and index funds.
Sign up for a free Binance Exchange account here
Don’t forget to enter ‘F89B1PWY’ to the ‘Referral ID’ section to get your 5% commission kickback!
If you already have cryptocurrencies, then great! Just add them to your Binance account.
If you don't own any cryptocurrency then check this great guide from Binance on how to buy cryptocurrency direct from them here.
Please note, youll need to be holidng $200 equivalant value of cryptocurrency for Hodlbot to work.
HodlBot is a customizable cryptocurrency trading bot that enables users to index the market, create custom portfolios, and automatically rebalance their cryptocurrency portfolios.
In other words, its a clever bot that helps grow your money, while you get on with your life!
Now you have both a Binance account and a Hodlbot account, we need to get them to talk to each other so we can move on to the next step of money making.
Just follow the excellent guide from the Hodlbot wiki here!
Select one of the automated trading portfilos from your hodlbot.io account page. We recommend selecting HODL 10 Index to start with.
Now sit back and let your money grow!