If you believe in modern technology and digitalization, then you must be thinking about how to make money with cryptocurrency. Actually, cryptocurrency is one of the best options to get huge profits within a small working room. What does it cost? It required just a single computer or laptop along with a strong internet connection.
You don’t need to go out for work or business! Just start trading from a small corner of your home and make a decent income with cryptocurrency. The total market cap of a digital decentralized currency is about $1.75T. You can assume how much potential it has for the upcoming future!
Now after knowing these facts, you may be thinking of becoming a part of this growing opportunity. If you want to do this you have to learn how to make money with cryptocurrency? Today in this post, I will tell you all processes through which you can generate regular passive income.
How to make money with cryptocurrency
1. Cryptocurrency Trading
One of the best method that most of the expert prefer is cryptocurrency trading. It is a process of buying crypto at low price and selling crypto at high price.
Process of buying and selling coins is similar to the ordinary merchant market. But In cryptocurrency trading product and service are replaced by Crypto coins.
If you want to make money with cryptocurrency through trading. Then you have to be very careful about selecting the best cryptocurrencies. And trade them wisely otherwise you may have to suffer a huge loss.
Trade potential coins
- Bitcoin
- Ethereum
- WRX
- USDT
- SXP
- BNB
- Doge
If you want to do INR pair trading in India then WazirX is one of the best platform for it. WazirX is child company of Binance exchange which is leading to the top 5 cryptocurrency exchange in India.
If you want to trade at the WazirX exchange then Sign Up Here and learn how to deposit and withdraw money from the WazirX exchange. Always trade with top cryptocurrencies otherwise you may have to wait for a long time to get good returns from this sector.
2. Invest And Holding
If you don’t want to invest your time and mind in daily trading, then you can buy cryptocurrency from the exchange and hold it for a long time. You can Store cryptocurrency on Exchange as well as a cryptocurrency wallet.
Once you notice that prices are going up and it is a good time for selling your coin. Then go to exchange connect your wallet and sell your cryptocurrency holding. This is one of the best methods for making money with cryptocurrency as there is no chance of loss.
If price goes down the hold up to your desired price and sell on your targeted price.
You can store cryptocurrency in your hard disk or physical wallet. This will make you feel awesome as you are keeping coins in your hardware store like movies in pen drive.
3. Mining
Cryptocurrency mining is a process of verifying crypto transactions. Suppose someone is transferring BTC from one wallet to another wallet then it needs to verify this transaction from some other network computers. These computers or machines share transition blocks with other computers that verify this transaction.
As a reward Dheeraj computers get some Bitcoin. This process of of earning Bitcoin by verifying transaction is called mining.
People who don’t want to make buying and selling loss risk prefer to mine cryptocurrencies. The install a strong setup for mining coins like BTC, ETH, Doge, LTC, XRP, etc.
4. Stacking
Cryptocurrency stacking is a process of earning money with cryptocurrency similar to post office fixed deposits. If you don’t want to trade, don’t want to mine, and also, can’t take risk of price loss, then stacking is one of the best methods to make money with cryptocurrency.
In this process, you have to invest some specific coin suggested by the exchange and hold these coins for a fixed time period like 1 year, 5 years, 10 years, etc. And after the maturity period of your stacking, you will get some fixed percentage coins.
Different cxchanges offer different stacking rewards. It may vary from 2% to 14% based on the offer offered by the exchange for the specific coins.
5. Referral Income
Similar to multilevel marketing, you can make money with cryptocurrency through the referral process. Each cryptocurrency exchange takes a trading fee from its users. And some percentage of this trading fee is transferred to the sponsored person.
WazirX exchange changes 0.2% trading fee from its traders. When any trader refers his friend through a referral link then he gets 50% commission from this friend’s trading fees.
Suppose Mohan is a crypto trader. As told his friend to trade on WazirX or any other cryptocurency exchange that take 0.2% trading fee.
When his friend will buy any currency with 100 rupees then his trading fee will be deducted 0.2% and WazirX will transfer a 0.1% trading fee to the sponsored person. This is an interesting way to make money online from cryptocurrency without any trading, and mining process.
This referral earning is called passive earning and it will work for you every time when your friend will buy or sell crypto coins.
6. Dividend
If you ever try your luck in the stock market then you must be aware of dividends. It’s a kind of passive earning from your holding. Some cryptocurrency exchanges are also, offer dividends similar to stock exchange companies.
In crypto market dividend is offers by the coin or blockchain owner for holding their cryptocurrency in their portfolio.
Pros
- Confirmed earning
- A trusted source of income
Cons
Price may go down at the time you receive your dividend coins. So, it may case you to wait fo a long time.
7. Earn Rewards
Some time on new coin listing cryptocurrency owner companies offers rewards for trading with their currency. Suppose I am the owner of any IMGcoin. I will give rewards to the highest amount trader on a particular exchange.
8. Earn With Completing Task
Many exchanges offer some small and interesting tasks on their exchange. This is good for increasing public attention toward your coin. This increases usability as people will start buying and selling coins.
Possible Types of task
- Participate in Quiz
- Complete survey
- Watch video
- Write blog posts and comment on site.
- Make a video and generate user engagement.
9. Create Cryptocurrency
If you have knowledge about blockchain technology and their specific functions then you can start creating cryptocurrency. If you don’t want to create new coin by yourself. Then hire some expert person from the industry.
They will create new cryptocurrency coins for you. You can offer free tokens for the promotion of your coin. And after some time list your coin on any exchange for earning money.
How To Earn Money By Creating Cryptocurrency?
Cryptocurrency can be list on any exchange for trading by traders. Suppose you develop a DEMO coin. Then either you may launch your own exchange otherwise list this coin on any existing exchange.
The exchange charge a fixed amount from the each trade. Some exchanges charge 0.2% while others may charge 0.1 or 0.3% trading fee. The exchange owner and coin creator will earn passive income when someone will buy or sell your cryptocurrency on the exchange.
How To Make Money From ICO
Cryptocurrency can be list on any exchange for trading by traders. Suppose you develop a DEMO coin. Then either you may launch your own exchange otherwise list this coin on any existing exchange.
The exchange charge a fixed amount from each trade. Some exchanges charge 0.2% while others may charge 0.1 or 0.3% trading fee. The exchange owner and coin creator will earn passive income when someone will buy or sell your cryptocurrency on the exchange.
ICO process is known as Initial Coin Offering. In this process cryptocurrency company offer initial promotional coins for their users sometime free of cost and some time at very low price.
When coin get listed on exchange official rates are declared by the exchange demand and supply volume analysis. If price will go high the the ICO price then you will make money the ICO.
If price wil go down then you may suffer some loss from it.
You can make unlimited money from Bitcoin mining. In this process just setup you machines and hardwares with blockchain to solve the block algorithms and earning rewards.
Just do referral to you friends and family members. They will generate revenue for you.
Do task and solve quiz for earning cryptocurrency coins from cryptocurrency exchange.
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