Do you want to make money from Cryptocurrencies? Well, you should! So, in this article, I want to show you the best way to make money in the Crypto world.
Of the methods listed below, I personally use some to book a profit and do not complain. However, fraud should be recognized because it is very likely to fall into fraud in a distributed space, such as Cryptocurrencies, with money making.
Ways on how to make money from Cryptocurrencies
1. Buy and HODL
I call it the old fashion way of dealing with currencies, and it’s one of the safest ways to make money at Crypto is to buy large volume of Cryptocurrencies and hold them until you get a fair market share. For example, Cryptocurrencies.
There are many great Cryptocurrencies to pay you a fair share for holding them and you are not even required to specifically tell them in your wallet. Some of these Crypto calls are:
A piece of advice, make sure you study the market due to it’s Volatility.
2. Buying & Holding For Dividends
Another clever way to make money through Crypto is to buy and keep to pay dividends. There are many big Crypto that pay you fair fees to keep them, especially if you don’t even have to bet on your wallet. Some of these them include:
3. Cryptocurrencies Stakes
I personally like this way of income personally because I get a double benefit of the price increase for just holding the coin and additional rewards as a dividend for the coin acquisition. Basically staking means holding the available coin in a live wallet for a considerable amount of time. Some notable coins of this segment include:
Running a master node of a Crypto call to get smart passive income is also one way to get revenue from the Crypto system. masternode is simply a Cryptocurrency whole node or a computer wallet that runs in real time to keep a full copy of the Blockchain in real time and perform certain tasks, just like a Bitcoin pool node.
To accomplish this, another decryption network pays the owner of the master node. However, you must have a minimum number of coins to run masternode. The minimum amount for starting masternode is different for all Cryptocurrencies, but is usually in the range of 1000 to 25000 coins.
Evidence of a steak call with masternode capability is as follows:
5. Microtasks for Cryptocurrencies
If you have extra time on your hands, you can perform some micro-tasks for someone or some of your services and get a Crypto call on the exchange. These micro-tasks can be like downloading new apps for testing, watching videos, online surveys, and more. Some of the services that provide these micro-tasks are:
The above services pays in different Crypto like Bitcoin, Dogecoin etc.
6. Day Trading Cryptocurrencies
If you understand and quick at taking decision, then the live charts is more suitable for you depending on how you like to read the chart, am very sure most people would go for the Candle stick. You can trade different Cryptocurrencies per day in various trades such as:
The idea is simple. Buy at at lower price and sell at a higher price once your goals are met. This method is very suitable for technical chart readers due to the market being volatile, depending on the volatility you might experience a huge increase in price of possessed commodity.
7. Work for Cryptocurrencies
This is the proper way to earn through cryptocurrencies. If you are a developer or a tester, author, or designer, you can earn money from Cryptocurrencies by swapping services immediately.
There are a number of platforms and websites that offer Bitcoins in exchange for your services, some of which are:
This not only allows you to get Cryptocurrencies but also you can benefit from the price increases that Cryptocurrencies have witnessed over the past few years. You can start by working for these Cryptocurrencies in my opinion:
8. Accept Cryptocurrencies if you are a merchant
Another way to obtain Cypto is to accept as a merchant in exchange for your product or service. As a trader, you have access to a lot of Crypto and Bitcoin processors payment to help you accept any transaction.
Even online business owners and ecommerce websites can use this method, get double profits from price increase and also get the Cryptos directly.
8. Cryptocurrency Arbitrage
As we all know, the market for cryptocurrency is a free market that is beyond government control. So, we have reason to be different in price and volatility in different transactions.
Another way to earn from the Cypto world is to purchase a specific Crypto from one exchange, sold at a lower price to another exchange, thereby creating an opportunity to buy at a lower price and sell at a higher price at another exchange. This is called Arbitrage.
If you know how to use it, you will usually find a spread of 5% to 40%. Exchanges such as Bittrex and Poloniex offer such opportunities more often.
9. Blogging on the Cryptocurrency website
If you like content, you can earn money by blogging and writing on websites you pay with Cryptocurrencies. And if you already know that content is valuable, you can also monetize your content directly in encrypted currency to give each reader full access to your content.
Some of these websites are:
10. Cryptocurrency faucet
Another easy way to earn quick Bitcoins is to use cryptocurrency and Bitcoin faucets.
Faucets are basically rewards you get from doing a particular task, which are in considerable small amount and it requires dedication and time to get more earnings.
These faucets perform routine tasks such as captchas resolution, games, ad clicks or video viewing. For each task you do, you get a small Bitcoin.
However, this type of income is not an option for those who are already engaged in more paying jobs. That is the reason why i place this at the bottom list.
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