Who doesn't like to earn handsome money these days? TODAY we are come up with the most valid topic on how to make money with cryptocurrency.
You have certainly heard of many different ways to make a good profit online. But you probably have not heard about making money from cryptocurrencies.
YES! It's possible to make money with cryptocurrencies.
But what are the ways that you can leverage and start earning money from cryptocurrencies?
There are several ways you can make money, some of which don't even require you to spend anything but your time and efforts.
Here are the ten PROVEN ways that are well working and many have been using it to make money with cryptocurrency.
We will assure you that you’ll find them very effective.
Let’s dive in…
10 Authentic ways of how to make money with cryptocurrency
First of all, YES you can make money through cryptocurrency, but only if it brings obvious advantages to you.
We are not covering here any false or fraudulent strategies.
The methods presented below are LEGAL and GENUINE. In long-term business, these are always the most profitable and effective tactics.
1. BUY AND HODL:
Buy and hodl is a popular way to earn from cryptocurrencies. With this strategy, you can buy some cryptocurrencies such as bitcoin, litecoin, ethereum, etc.
Now you have to hold until the price of the cryptocurrencies that you bought surges.
You can sell them in the market, once you get your desired price. However, before holding one of these currencies, make sure to analyze its 2-3 years record of how it was performed throughout the year.
Moreover, do not hold in any random altcoins, only invest in what gives you higher profits in the long run.
Because cryptocurrencies like BTC, ETH, etc. are good for long-term investment and HODLing.
How to buy it?
If you want to buy Bitcoin then you can buy it straight from its official website Bitcoin.org so there is no chance of your transaction to get hacked.
How to sell?
To sell Bitcoin, you can consider these platforms that include Binance, Poloniex, Localbitcoins, Bitmex, etc.
2. EARN WITH DEFI (DECENTRALIZED FINANCE):
The way people interact with their money is changing by decentralised finance (DeFi).
To earn from Defi will not be daunting for you. Defi is the replacement of conventional financial services through the use of blockchain services, specifically borrowing and lending.
Defi projects enable users to borrow money from liquidity providers (lenders) at a better rate than most banks ever would, enabling you to provide borrowers with liquidity and gain up to 11 percent interest.
The advantage is that Defi eliminates the need for a middle man, lenders and borrowers can openly use smart contracts to interact with each other.
3. TRADE WITH CRYPTOCURRENCIES:
Trade is considered the most profitable way to earn money with digital currencies.
To do trading on a crypto exchange, simply buy a cryptocurrency that you want to trade with.
Now hold it for some time and wait for the best opportunity to sell it and get the most out of it.
Sounds easy? Actually NO.
It requires certain skills and experience in trading cryptocurrencies. Most importantly the ability to understand the charts, technical indicators, and basic knowledge of blockchain and various projects.
Many individuals use Day Trading to earn sufficient profits by selling and buying cryptocurrencies on the same day. The same process goes with the Day Trading.
Furthermore, liquidity is a trading platform where it is possible to buy or sell a particular asset on the market quickly without having a considerable impact on its price.
NOTE: Consider that liquidity trading information is for your knowledge only, however, it is not the recommended option.
Also, it is advisable to use or invest in well-known crypto coins rather than go after unpopular altcoins.
Investing is the way you can consider making money easily from cryptocurrencies. All you have to do is buy assets for a longer period of time.
But make sure you don't hold the crypto-assets for a SHORT time because it's extremely volatile. However, there are tremendous benefits over a longer period of time.
This investment strategy will give you a return not only through the price appreciation of the coin/token you buy but also through your share of the project.
In addition, we do not suggest investing in altcoins or in erc20 tokens.
5. CRYPTOCURRENCY DIVIDENDS:
Crypto dividends work as you invest in a cryptocurrency with a dividend and gain fixed interest on your investment.
For the time that you want to gain interest, you will need to purchase and hold cryptocurrencies.
Well, there are range of crypto coins that will pay you for merely purchasing their digital assets and holding them.
The best thing about these coins that pay holders a dividend is that you don't even have to stake them, especially in a wallet.
If you want to invest in dividend cryptocurrencies for interest then here are the followings: NEO, NEXO.
6. ACCEPT PAYMENTS THROUGH CRYPTOCURRENCIES:
This approach is very essential as well as very beneficial for merchants and every business owner out there.
You can use crypto exchanges such as Coinremitter to enable your customers to make purchases on your website.
Cryptocurrencies are digital currency without the need to convert to other currencies and can be freely transacted and used worldwide.
You can integrate some of the popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc.
Consider integrating Coinremitter TODAY to take your business across the world by accepting your daily payments via cryptocurrencies. Check out the integration process.
7. CRYPTO MINING:
You must have heard the word "mining" because it is one of the oldest ways to make money with cryptocurrency.
People have been mining cryptocurrencies since the first cryptocurrency "Bitcoin" was launched.
Yes, it is still feasible to mine cryptos like Bitcoin (you are probably thinking this) but not with your home computer.
These days the process of mining is way much tougher than before.
Mining cryptos require high-end graphic cards, a well-built computer system, an application-specific integrated circuit (ASIC), and a lot of electricity.
Before doing this, you should have the sound knowledge of how to mine cryptocurrencies like the currency demand on the market, market conditions, etc.
Moreover, this method requires an expert’s advice, technical skills, substantial upfront, and initial investment.
8. YIELD FARMING:
Yield farming is emerging as one of the most popular ways for investors to earn their investment revenue from their investments in digital assets.
By putting funds in a DeFi (decentralized finance) protocol, yield farming gives people the ability to earn interest, fixed or variable.
SO, how can one make money with it?
An investor uses a platform to lend out their digital assets, earning a return that ultimately stems from borrowers paying an asset premium.
You need to understand that there are THREE ways from which yield can be harvested, this includes money markets, liquidity pools, and incentive schemes.
NOTE: Here is the list of farming projects to invest in. However, Coinremitter does not endorse anything.
9. USE REFERRAL:
This is a tactic not to forget. The idea is very simple to earn, all you need to do is register on the website, and you will get your unique referral code/link and you are all set.
You can start referring and earning right away.
This is one of the legit ways to earn cryptocurrency, as there are no investments needed as well.
Crypto exchanges are the easiest way to locate a referral program. It is vital to look for a renowned cryptocurrency exchange such as Coinremitter.
In Coinremitter affiliate Program, you can earn up to 75% commissions straight from their revenues.
Schemes/fraud like Ponzi which are quite lucrative for investors.
They promise large profits to consumers or investors based primarily on hiring others to join their programme, not based on profits from any real investment or actual sale to the public of goods.
SO, only invest or attend the trusted referral systems/programme which gives you the direct profit/commission from their revenue.
10. CRYPTOCURRENCY ARBITRAGE:
Arbitrage of cryptocurrencies is a form of trading that leverages price differences to make a profit.
To understand simply, such price differences, usually referred to as "arbitrage spreads," can be used at a lower price to buy a cryptocurrency and then sell it at a higher price.
There are two techniques exist, regular arbitrage and triangular arbitrage.
In regular arbitrage, you can buy and sell the same digital assets on various exchanges with major price differences.
However, in triangular arbitrage, there are price differences among the three currencies on the same exchange.
There are some popular exchanges in which you can apply these two methods: Binance, Coinbase Pro, Kraken, Bithumb, etc.
You can take advantage of price differences by several conversions. Although, both methods are valid and you can make a good profit out of them.
Now you have got a plethora of choices to make money through cryptos, and also you won’t need to search further for how to make money with cryptocurrency.
For those who already have funds and experience in the crypto industry, holding and trading might be the best option for them.
Do research well before taking any action and also study the market situation. The above ways are 100% genuine, understand it well, and start your earning.
By the way, do share your thoughts and experience with which method that you have tried or you are going to leverage it.