How to make money from cryptocurrency۔

Aftab Ahmed
By -
4 minute read

How to Make Money from Cryptocurrency

Cryptocurrency, a digital or virtual form of currency, has absolutely changed how we look at money. It's no longer just about physical bills and coins; nowadays, it's all about Satoshi and Ether. The realm of cryptocurrency offers a range of ways to make money— you just have to know where to look. So, let's delve into this enticing and quite profitable world, shall we?

The Timing is Now

There's an old saying in investing—"The best time to invest was yesterday. The second-best time is now." And that certainly holds in the world of cryptocurrencies. If you had invested in Bitcoin just a decade ago, you would've made a hefty profit by now. The same is true today. Be persistent and patient, and you'll start to understand the system. As famed investor Warren Buffet says, "Be fearful when others are greedy, and be greedy when others are fearful."

how to make money with crypto


The trick is: when the market is bearish and everyone's selling, that's when you buy. When everyone starts buying, hold. Hold and wait. Patience pays off in crypto - that's your first tip!

Ways to Earn a Living with Crypto

So, shall we get into the nitty-gritty of how we can make moolah with cryptocurrency? There's more than one way to skin this cat!

1. Buy and Wait

This is the most basic and well-known method. You buy the currency when it's worth less, then sell it when the price goes up. Keep in mind though, you should always set a profit margin to know when to sell. Blue-chip cryptos like Bitcoin, Litecoin, Ethereum, and Ripple are safe bets for this method.

Buy and hold crypto


2. Buy, Hold, and Profit

Here's where the fun begins - instead of selling, you just hold! It's like having a savings bank account, but in crypto. Top contenders in this domain— Neo, Neblio, Crypto Bridge, Kucoin, and Komodo Coin.

buy hold and profit money


3. Staking

Staking involves buying and holding a crypto and earning rewards for merely holding it. You will need a fixed amount of the crypto to begin staking. Decred, Pivx, Komodo, Neblio, and Navcoin are some examples.

4. Mining

Think of mining as solving a complex puzzle, and your reward for solving it is crypto! But be cautious, it requires an advanced computer system and constant electricity supply, making it a no-go in some parts of the world.

5. Day Trading

Cryptocurrency day trading involves buying and selling different digital currencies within the same trading day. For this, keep a constant eye on the crypto markets, preferably using an app like BlockFolio.

6. Microtasks

There are numerous websites that'll reward you in crypto for completing small tasks like clicking on ads or filling out forms. CoinBucks, Bituro, and Bitcoin Reward to name a few!

7. Work for Cryptocurrencies

Ever thought about getting paid in crypto? Some blockchain startups offer you new crypto tokens in exchange for your work. Check out Coinality, XBT Freelancer, Jobs4Bitcoins, Angel.co, Bitwage, Coinworker, and Earn.

8. Arbitration

Arbitration involves buying cryptos from one marketplace and selling them at higher rates in another. But remember, every country has its own set of rules regarding arbitration in crypto.

9. Affiliate Marketing

You can promote cryptocurrency-related websites or trainings on your platform! Try Blockgeeks or Sex Block, to name just a few.

10. Hard Fork

When a cryptocurrency splits into two due to technological issues, you get the equivalent number of coins of the new currency. Like when Bitcoin split and created Bitcoin Cash.

11. Airdrop

Sometimes, new cryptocurrencies are distributed absolutely for free—a process known as an airdrop.

12. MasterNodes

Running a MasterNode, which verifies transactions on a crypto network and stores its full history, can also make you a good profit.

13. Lending

Just like a bank, you can lend your cryptocurrency to others and earn interest in return. Be careful with this one though, as it's unregulated and can be risky.

14. Bots

Automated trading bots like Crypto Trader, Shrimpy, Crypto Hopper, Margin, Cryptobot, Haasonline, and Profit Trailer can trade on your behalf.

That's it! A myriad of ways to make money with cryptocurrency. The threshold to crypto might look high, but with a little knowledge and perseverance, you could be sitting on a gold mine. But remember, the rule of thumb for investing always holds— do your research, be patient, and never invest more than what you're prepared to lose. Happy crypto mining folks!

Remember, life is like a cup of tea... it's all in how you make it! So, embrace the potential that the world of cryptocurrency holds and ride this digital wave with gusto. It might be just the future of finance that we have all been waiting for.

Happy crypto earnings, my friends!