Berachain has become the latest sensation in the crypto markets because of its unique properties like PoL consensus which allows stakers to earn both governance rights as well as extra passive income.
If you are looking for easy ways to make crypto passive income, follow this guide to buy BERA in two easy ways.
Berachain is an EVM identical blockchain working on the novel Proof of Liquidity Consensus Mechanism. The blockchain has its own complete ecosystem of tokens like BERA (native token), BGT (governance token), and HONEY (stablecoin). Further, it provides a ready-to-use DEX, DeFi Protocol, and a dApp store from the Berachain team.
The unique proof of liquidity consensus helped Berachain acquire liquidity in times of scarcity and ensure that all transactions were executed without any delay or slippage on Berachain.
Another benefit of using this consensus mechanism is that Berachain can provide this liquidity for a fee and earn revenue on this. This extra revenue can help Berachain survive uncertain situations or help it subsidize user fees just like the BNB Chain.
A staker or a validator at Berachain not only gets to participate in its governance but also can earn a few extra cents on the dollar based on their amount. As a result, Berachain was able to generate a TVL of $4 billion within 1 month of being launched.
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These strong fundamentals are helping Berachain get one of the highest inflow rates in the crypto markets.
There are multiple ways to buy Berachain from the markets, DEXs, or a platform of your choice. Oftentimes, a single platform offers all of these like Binance.
You can use cash transfer apps or credit cards to buy BERA off any exchange directly. This is perhaps the easiest way to buy BERA. With the US government loosening strict Biden-era restrictions around top exchanges, you can choose any of them such as Binance, Coinbase, OKX, Kraken, or Gemini.
Using a Decentralized Exchange to buy BERA can be challenging for a beginner but it is rather easy to learn and is explained below in simple steps.