9 East Ways to Make Money From Crypto
Simple and legitimate ways to earn money through cryptocurrencies.
You would have come across various blogs that go like “ Earning free crypto” or “ simple ways to earn crypto”, etc. But this is different. And by the end of the blog, you would thank me for offering you one. Before plunging ourselves into the concept right away, why should not we have a short intro about how cryptocurrency has created an impact in this financial world.
Cryptocurrency is the talk of the world right now. It is the time when people hate to go to banks because of their multiple regulation procedures and its slow-paced work process that has altered the path to the success of cryptocurrencies. Even now, you can hear of the pessimists who are screaming that cryptocurrency is a big balloon that can explode at any minute. Yes, it may be true. But you should really understand that cryptocurrencies are changing the face of the digital economy altogether. Be it, trader or investor, people are moving towards investing in crypto rather than fiat money or in stocks.
Going by the words of Richard Brown “ I believe Cryptocurrency is going to change the world” and that is perfectly suitable according to the present scenario. Cryptocurrency is changing the world and it is in the process. While this in cards, who on this green earth would not love to earn money in crypto. Here I come with 9 simple steps to earn cryptocurrency. I cannot say that through this, you can build a fortune (some might help to do so), but through this, you can make a handsome amount of crypto for your service. Let us jump into the article:
Crypto Trading
Crypto trading is one of the fastest ways to earn more profits with a minimum amount of effort. All you need to do is to invest the money into the trading account and wait for the profits. Crypto trading is not like normal trading like the forex or like the stock market. It is different. You have to know certain things before starting to trade in crypto.
You should pick the best crypto exchange platform that suits your interest.
You have to verify the KYC norms to start your trade. You can initiate your trade without verifying the KYC, but you could not withdraw your profits if you had not verified your KYC.
You should not look or a huge leap in the first instance. Start small with minimal investment and slowly improve the trading knowledge and become a pro. Be it short-term or long-term, you should be very keen on your knowledge to expand your trading business to a different level. Being of a volatile nature, you should be strong enough to endure both the bull and the bear markets.
Cryptocurrency Writer
Who does not want to know about the latest technology and read about them if being written. Actually, you know what? Cryptocurrency writers are so scarce in this technological world and if you knack knowledge in that particular field, you will definitely become one of the renowned crypto writers among the community. All you need to know is to write according to the readers and according to the other niche that you would be filling in.
You can either approach the blockchain development companies or the cryptocurrency exchange development companies to contribute some articles and blogs for them or you can list your services as a crypto writer in some of the freelance sites like Upwork, freelancer, guru, etc. You can also check out the careers section of some highly developed blockchain companies or you can write for blockchain firms themselves if you are knowledgeable and lucky enough. Putting up a risk to income ratio, is of medium value as it has a very low risk with a medium amount of income. It can rise up if the knack of your crypto knowledge is so effectively high.
Crypto Affiliate program
This is one of the effective but unpopular means of earning crypto. Affiliate programs are prevalent over the world but only with those crypto exchange companies, you could earn your profit in BTC or any other altcoins for the promotion you make and the referral you earn. They do provide exciting referral bonuses and awards. For instance, Wazirx offers 50% of the trading fees to the user who has referred the particular trader. You can promote them either through social media channels or through your personal website or blog site or even through ads. Speaking about the risk, it is very low and the income varies from medium to high level. To be precise, all you need is the creativity to bring out new ideas to make the people plunge into your affiliate site and sign themselves.
Crypto Loan Program
If you are not a marketing kind of person, there is no need to worry. You can lend your crypto for a better interest. There are various crypto lending sites like NEXO, SALT Lending, Youholder, Coinloan, BlockFi, etc. Every one of them has a specific interest rate in which you can earn the dividends per annum. But keep in mind that crypto loans are covered with any kind of insurance. So, if you did not get your money for any kind of reason that you have invested, there is no way you can redeem it. So, it is best to do practical research on the loan program and thoroughly read their terms and conditions before getting into the crypto loans.
Crypto MicroTasks
Isn’t it exciting to know that by doing certain microtasks, you can get crypto as payments? Interesting right? Yes, some of the bitcoin microtask sites like Earn.com, Bitfortip, Bituro, etc. are offering the best microtasks for bitcoins and other altcoins accordingly. These are crypto faucets where you can generate your income as per your business conduction and services listed. Speaking about the risk factor, earning through crypto microtasks carries the least of the risk but the earnings would below to a medium value.
Crypto Education
If you have gathered a wide education in the crypto sector, then why don’t you use it to make cryptocurrencies. Yes, you can teach about cryptocurrency or conduct crypto seminars and webinars about the advancements of cryptocurrency in today’s financial world and charge an entry fee for your course. There are several edutech sites like Coursera, Udemy where you can post your course and earn your crypto.
Non-Fungible Tokenization (NFTs Tokenizing)
This is the hype recently we are getting on. If you have an impeccable digital collectible or a digital treasure that the world would admire, then it is time for you to embrace yourself. Yes, the digital collectibles can be placed in a digital marketplace and then sold for an exciting price in terms of crypto.
Crypto Mining
Crypto mining is one of the effective ways to earn cryptos in a simplistic manner. All you need to do is to have perfect machinery along with electricity consistency and a piece of thorough knowledge on assembling and handling with the hardware technology including the mining equipment. You will need a huge physical space to maintain your pieces of machinery and pieces of equipment. I can understand your thought.
Yes, it is not as much as easy as it sounds. Cryptomining is a complex process that you cannot jump right in and start. You should have thorough research on what you are going to do and then initiate the process to prevent huge loss. Speaking of the risk, it is risky to start crypto mining but the returns would be considerably high.
The thing is you have to choose which cryptocurrency you will have to mine so that you can generate more profits. If you are a risk lover and would risk for huge profits, then this is for you. Those who do not want to involve in this, read further to know some other opportunities that are coming right at you.
Cryptocurrency Exchange Platform
Mining involves electricity charges and other physical space allocation which will attract huge investments. What about low investment crypto revenue generation? Yes, you can start a crypto exchange platform and let your users trade. You can earn multiple sources of revenue — transaction fee, trading fee, ad generation, etc. All you need to do is to reach the best crypto exchange clone script service provider and initiate your exchange platform. You know what, you do not need technical knowledge to run a bitcoin trading platform.
Finally…
So, you would have explored the areas where you can earn crypto. I hope that I have touched some of your nerves through this blog. Pick the best one which suits your interest and kickstart your crypto income generation.
