Ways to Make Money on Crypto :
You will be able to earn more than $1000 per month, even if you are just a beginner.
Hello everyone, for 10 years I have been making money on cryptocurrency, so today we are going to talk about five main ways to make money, on crypto so the first method is :
Air drops: It is an ideal option to start in crypto, since this type of activity does not require any investment, an air drop is the distribution of a project token, to perform simple activities, such as subscribing to the project’s social networks, using the blockchain.
What is the difference between R drop and air drop :
Airdrops, are issued for certain actions R drop rewards the first users, for their early early AC, in the project a logical question that you could ask yourself, is why the project will give you money, for simple actions, and early activity.
At the beginning of its journey, a crypto project should attract as many new users as possible, this is a kind of marketing strategy, it is important that the project show prospects to potential investors.
So you need to attract the attention of the public, and make yourself known to begin with, you only need a crypto wallet, and free time, you can search for projects on popular crypto sites, or telegram channels for example.
If you were to join the optimism project in 2022, you could get an average of $500 to $1,000 per account.
And in 2023, there was a sharp decline in the arbitrum project, in which users received 1,500 or more per account quite well, for such simple tasks, but there are risks here too.
Not all projects are financially able to distribute money to each user, so some are shaved who do not stay with anything, even if these users were very active sometimes, the drops are not at all unpleasant, for no one you can spend a lot of time, and end up with nothing.
It should be noted that very often users do not know exactly, if a drop has left them in what conditions, it will be and in what quantity consequently.
It is important to do some research, before entering the project my best free advice for you, look at the investors in the project when the project token will be listed, and on which exchanges the most well-known investors and partnerships are the best project.
And the more likely it is that you will receive a drop, but again there are exceptions for example this month there will be a drop in zkc, and many users have complained that they have received very few tokens or nothing at all.
Although at first the project seemed very promising and the number of audiences exceeded 1 million, for example even the not coin which has more than 30 million users, distributes more tokens although all you had to do was tap on the screen but we’ll talk about slippers later.
The number two trading method :
These are frequent, short-term, buy-sell transactions with the aim of making a profit on price bending in simple terms.
I bought a cheaper coin, and I bought it for more, but in order to buy and sell correctly, you need to have special knowledge and understanding, of how the market and IT participants work risk management models and the like.
There are two main methods of trading, spot and futures beginners should not bother with much, it is better to get acquainted with spot trading trading, spot is the process of buying or selling assets of financial instruments, for immediate delivery.
That is, when you buy or sell an asset on the market, in cash the transaction is completed immediately, and the asset is transferred to the new owner Futures Trading, in the process of buying or selling a contract, for the delivery of an asset in the future at a pre-agreed price, which is instead of taking immediate delivery of an asset.
You buy or sell a contract, which obliges you to buy or sell the asset on a specific date in the future in trading.
In spot, you can only make money by buying low, and selling High while in futures contracts.
You can earn money on the rise, and on the fall in prices, the basis of trading is market analysis, and forecasting price movements a wealthy cashier, or tarot cards will not help you.
You must perform a fundamental and technical analysis :
Fundamental and technical analysis are the two main approaches to evaluate and predict the price behavior of cryptocurrencies, and other financial assets.
But it is important to remember that in addition to promising opportunities in trading, there are many risks you can quickly earn $ 1,000, but lose it the next day.
So it is very important to have solid knowledge, a head and patience, everything seems complicated, but with practice and continuous learning you can achieve stability.
Income The third way, is to invest many people believe that trading and investing are the same thing, but it is completely wrong to invest, it is to invest money in cryptocurrency with the aim of making a profit or income in the future, and here we are talking about months, years and even decades and not hours and days.
As in passive trading, long-term investment, there is no immediate quick income but the risks are much lower compared to trading, with a properly constructed trading strategy in a few years you will be able to get a decent passive income.
How to start the first point, if you decide to engage in long-term investments, then it is important to start starting various projects, and correctly build an investment portfolio, study the project learn about the creators capitalization investors, and after a radical analysis, you can start investing.
Point two selection of an exchange, for trading nowadays, there are really a lot of different exchanges in taste, and in color basically.
The difference between them, concerns only commissions and trading payers, so there is no clear exchange, on which absolutely everyone trades.
Point three let’s say you bought cryptocurrency, but where should you go? you store it.
Exchanges can be vulnerable, socaled crypto wallets are ideal for a long-term option.
This is a device or a program designed, to store cryptocurrency offline, it is the safest way to store cryptocurrency, because the wallet is not connected to the Internet, and the four are not vulnerable to peddlers, and viruses.
You can buy a similar wallet, in online stores many people ask the question of how much money is needed to start investing in cryptocurrency, you don’t need a huge amount of capital to start, you can start this type of activity even with $ 20 in your pocket.
That is why this is a great option for beginners, it seems to me that everyone has already heard about the fourth method, these are games… already every second schoolboy knows what the notk hamster fight and the top swap are in a few months.
Crypto games have attracted the attention of many people,so I’ll tell you how to make money on it it all starts with notk, a crypto game from P Duro, where it was enough to click on the screen in a short time, did not become very popular.
Because people wanted to make money without doing anything and they really succeeded when the NCoin was listed many people sld tokens, for 100,500 and even $1,000 after the release of NCoin.
People saw how much they could earn on Crypto tops, and started joining new crypto gaming projects, such as notk hamster combat top SW and others.
Are games and applications, in which users can earn cryptocurrency, to perform various actions such as clicking to complete tasks, or participate in game mechanics.
Generally, the tasks are as simple as possible, subscribing to the social networks of the project and their partners by watching videos, reposting publications, and much more.
But you can also earn tokens, by simply clicking on the screen, and improving the functions of the application.
An example of a good project, is top swap which is one of the most promising crypto games, as it has several interesting partnerships, with other projects and has already announced a registration, on the exchanges players collect coins by completing tasks.
The game has a paid boost, to speed up farming the player’s task, is to accumulate the maximum number of coins, using the bot and boosts as well as manually m coins for the best result, and we answer the main question how much can you earn on these crypto games?
As practice with no coin has shown, that the winnings directly depend on you can win both 10 and 500.
There are several recommendations for increasing token earnings, join promising proven projects invite friends through the referral program, and play every day you can try to create several accounts.
But some projects can earn you for this, so you need to be careful.
The last method: is the nft first let’s understand what the nft is, it is a certificate that confirms your ownership, of a digital asset such as an image, music or an object in the virtual world.
It is created using blockchain technology, making it impossible to counterfeit, one of the main ways to make money with NFTs, is to create them and sell them what type of NFTs can you create, which ones do you want.
There is another way to make money, by investing in NFTs, the principle is similar to point3, but only now we will not exchange Bitcoin but NFT, but don’t forget about the risks, there are also scammers and scum in the NFT world, so always think about security.
Conclusion :
We looked at the main ways to make money, on cryptocurrency but there are a lot of them.
For more information please don’t hesitate to contact us
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