- Do you like earning regular dividends as passive income?
- Do you like holding good crypto coins?
If your answer is affirmative, we have similar strategies to make money in the cryptosphere. And if you are not aware of these strategies, don’t worry. You can learn them today by reading this article.
The strategy is simple – identify good coins that reward you in one way or another for holding them. And believe me, with the evolving cryptosphere, the opportunities to earn dividends via passive income are also increasing.
One such strategy is to identify crypto exchanges that have native coins and offer certain dividends and fee reductions to its users for holding their native coins.
For now, I will list some crypto exchange coins that offer dividends and reduced fees.
Top Cryptocoins That Pay Dividends Or Offer Lower Transaction Fees
Bibox is an exchange similar to Binance and has a native token called BIX.
The BIX tokens can be used for paying various fees on the platform and the holders of BIX tokens are rewarded with a fee reduction as per the chart below.
Another incentive associated with the BIX is that these tokens will be bought back regularly and burnt until the final supply reaches 200 million, creating an economic incentive for the holders.
BNB aka Binance token is a native coin of Binance exchange, also an ERC20 token, with a fixed supply of 200 million. Out of this, 100 million BNB tokens were distributed during the ICO last year.
In case you didn’t know, Binance is the best cryptocurrency exchange in the market as of now. To know more about Binance, read this exclusive guide.
You can use BNB to pay any fee on the platform, including, but not limited to:
- Exchange Fees
- Withdrawal fees
- Listing Fees
- Any other fee applicable
Apart from this, when you use BNB to pay for exchange fees, you will receive a significant discount according to the chart below. You can see their fee structure in detail here.
Last, but not least, the token economics of BNB is set in a way that not only you will receive exchange fees reduction, but the net worth of your tokens will keep increasing with time because Binance will buyback 20% BNB tokens every quarter and burn them until the total supply reaches 100 million.
This will naturally drive up the price of BNB tokens.
Disclosure: I bought BNB tokens at $2 a few months ago. Today they are valued well above $22 per coin.
KCS is the native token of the well-known KuCoin exchange and is quite similar to Binance’s BNB.
KCS aka KuCoin Shares is an ERC20 token, 100 million of which were distributed in the ICO last year.
You can see the reward ratio of holding KuCoin Share tokens below.
Understandably, holding KuCoin Shares is a win-win situation in both the conditions if you are HODLer or trader.
Also, similar to Binance, 10% of their profits will be used in buying back KCS and burning them so that the holders of KCS are rewarded more as a result of the appreciating price.
BCO aka BridgeCoin is a native currency of CryptoBridge Dex which is an upcoming decentralized exchange.
BCO is not an ERC20 token like the two mentioned above. Instead, it is minable cryptocurrency with proof of work behind it.
BCO holders get up to 50% of the revenue share/bonus of CryptoBridge exchange if they stake their coins as per the following schedule.
- 1 Month (0% Bonus)
- 3 Months (20% Bonus)
- 6 Months (50% Bonus)
- 12 Months (100% Bonus)
I’m, however, not too certain about the CryptoBridge exchange as it seems like it’s giving more profit to the creator. They charge a lot for exchanging coins and also on withdrawal. Personally, I would not recommend this exchange. However, since BCO is a popular coin for getting dividends, I had to add it here. I’m doubtful about the future of this exchange as the interface is not as modern as the others in the list.
Here is a video tutorial on how to stake BCO coins.
COSS is another ERC20 token, which is also the native currency of COSS exchange.
COSS is also an exchange like Binance and KuCoin, with similar features. It will, however, transform itself into a DAO.
For now, COSS holders are paid 50% of the exchange trading fee on a weekly basis.
CryptopiaFeesShare (CEFS) is another dividend-generating token issued by the popular cryptocurrency exchange Cryptopia over the Ubiq blockchain.
However, these tokens are rare and pricey. At the time of writing, each CEFS token was valued at 0.5 BTC price and the total number of tokens with a fixed cap are merely 6300.
HODLer of CEFS token gets 4.5% of Cryptopia monthly revenue, distributed in the proportion of their CEFS holdings.
Apart from that, there is no other UPS or fee reduction incentive for holding CEFS but it is still profitable for those who can afford to hold it.
Conclusion: Best Crypto exchange dividend coins
All the exchanges listed above have similar advantages and it is a profitable idea to hold these tokens. I say profitable because the crypto space is still growing and has not reached its saturation level.
Also, I think such tokens are a must in any crypto portfolio because these tokens are low risk with decent rewards.
That’s it from my side in this article.
Do let me know of the tokens/coins that you intend to buy and hold. Also, share with me if you know of any other crypto exchange coins that pay dividends or offer a reduction in fees for holding them.
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