Everyone dives into cryptocurrency for money, but not everyone ends up making money. For some reason, some may give up trying when it all seems challenging. And if these people aren’t quite cautious enough, they may fall victim to some crypto scam.
As it turns out, you can earn legitimately with cryptocurrencies in various ways other than trading. And that’s why we’ve surfed the net and put together a couple of proven ways you can make real money with cryptocurrency.
Drink up!
#1. Buy & HODL
Cryptocurrency mining is one of the most known ways of earning money in crypto. Most investors today buy coins like Bitcoin, Ethereum, Ripple, Litecoin, and more. And they wait till there is a massive increase in their value. As prices rise, they’re able to sell and make profits.
This strategy requires that you’re able to spot stable assets and a lot more volatile and can continue to grow in value over time, resulting in regular profits. Assets like Bitcoin and Ethereum have a record of maintaining regular price fluctuations, so they may qualify as ‘safe investments’ in this regard.
Though the News Spy trading platform, for instance, allows you to trade whatever asset you presume would eventually rise in value, all you need do is to analyze each asset you invest in before committing to HODLing it.
Moreover, you don’t need to invest in the most expensive assets to make profits. There are jillions of small altcoins with moderate price shifts; consider mixing all coins based on their future value and not just on popularity.
#2. Earn Dividends in cryptocurrency
You may not know, but cryptos can both be bought and held for the dividend.
Many coins will pay you for just buying and holding their assets digitally. It’s great that these coins pay dividends to their holders since you don’t even need to stake them, particularly in a wallet.
Coins like COSS, NEO, KUCOIN, CEFF and more, are a few out of the many different coins that pay dividends.
As with conventional stocks, not all of these coins fit into your portfolio; you’ll need to evaluate and select those that align with your financial objectives.
#3. Run Crypto Master Nodes
How does a crypto master node work?
Master nodes are full nodes, and they motivate different node operators to carry out their roles while operating a blockchain. They may also be regarded as computer wallets that keep track of blockchain-related activities in real-time.
Among the most popular passive income opportunities among cryptocurrency enthusiasts is running crypto master nodes. But how exactly does this work?
Cryptocurrencies often pay node operators to manage their native blockchains in real-time. Due to the complexity of the process and the requirement to hold a certain number of coins on master nodes, crypto platforms prefer to outsource the service and pay a fee to master node operators.
Master nodes can be found on DASH and PIVX, which are proof or evidence of stake cryptos.
#4. Stake Cryptos
The Proof-of-Stake method involves staking (or proof-of-stake) their digital assets in exchange for dividends. It is another method of earning money from cryptocurrencies.
You earn extra coins for securing a specific crypto network by staking them in a live wallet.
NAV Coin, PIVX, Neblio, Decred, and many more are examples of coins that can be staked.
Another option is to start trading via an automated trading platform such as bitcoin profit, allowing users to decipher the signals emitted by trends on bitcoin and other cryptocurrencies and become a profitable small trader.
