Sat. Jul 2nd, 2022
How to make money with cryptocurrency

1. Investing:

Dear Friends, as we all know now investing in Crypto is easy now a days by many platforms like CoinDCX, CoinSwitch, WazirX etc… but be careful as they change a lot.

For investing in crypto, we can buy at any price and hold till the price go up and as per target profit, we can sell the coin.

Assets such as Bitcoin and Ethereum have been known to show a long-term price increase and can be considered a safe investment in this regard.

This investing can be for long- or short-term plan as depends on market risk and loss/profit percentage.

2. Trading:

Trading is like either day trading, weekly trading or monthly. It will be like buy and hold for very short time like buy as per in up trading as per chart pattern or news and

then sell after in a day’s/week/monthly. Means hold for very less time.

As we know the crypto market is very volatile. This means the prices of crypto/coins can decrease and increase in price dramatically over the short term.

So, this is the also a way you can made money.

In this market you need to have the proper analytical and technical skills.

You’ll need to analyse market charts on the performance of the listed assets so that you can make accurate predictions about price decreases and increases.

3. Mining:

Mining is the process/method from which you can earn money only form few setups in free.

It is an important part of the Proof of Work consensus mechanism and is one of the oldest ways to earn money with cryptocurrencies.

To perform these functions, miners receive new coins in the form of block rewards. In the early days of Bitcoin, mining was possible on a desktop computer, but today, specialized mining hardware is required.

It is where the value of a cryptocurrency is generated.

If you mine a cryptocurrency, you are rewarded with new coins. To mine, you need technical expertise and upfront investment in specialized hardware.

Running a master node as a subset of mining. It requires expertise and significant upfront and ongoing investment.

4. Lending/Borrowing:

This is like deals between people. It involves the participation of borrowers and lenders and agreements between them.

It is supported by Several crypto exchanges like crypto lending, including Nexo, SALT Lending, BlockFi, Oasis, and Celsius.

Specifically, cryptocurrency loans include contracts in which borrowers pledge their holdings of cryptocurrency as collateral, lenders accept terms and offer cash or other cryptocurrencies, and borrowers agree to pay interest to lenders.

Typically, in a cryptocurrency loan agreement, the borrower and borrower are individuals, not organizations such as banks. The bottom line is that cryptocurrencies are at the heart of loans that are used as collateral or as the primary source of borrowed value.

Thus, lenders can borrow crypto assets or holdings and benefit from interest payments in the form of additional crypto assets.

Of course, this is not without risks, and finding platforms that connect potential borrowers and lenders can take some time.

But again, if you are looking for a way to make your cryptocurrency work and earn extra money, lending it is one of the possible ways worth exploring.

5. Airdrops:

Being part of an airdrop can get you a free coin that you can then use to buy things or to invest or trade

All the ways to get free cryptocurrency, airdrops offer the highest risk. It’s more than you think worthwhile for most investors.

It is risky to be careful with any new crypto project. An exchange might do an airdrop to create a large user base for a project.

So, these above are some ways or process from which you can made money. But just for a reminder as Crypto market is very volatile and very risky, so invest carefully. Of-course without risk no money, risk is everywhere but here it’s more.

Enjoy investing and make your dream to complete.

Start with Small and make target big. It will help you a lot.

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