Ah, making money with cryptocurrencies! You dream of it, don't you? Cryptocurrencies are on the rise as you know. I receive a lot of email requests from people who often ask me the same question. It’s this one “How to make money with cryptocurrencies?”
So yes, it is not surprising because the press articles which have reported the incredible number of people who have become millionaires thanks to bitcoin. It's no wonder that more and more people are interested in bitcoin, especially to make money or make big profits!
Have you also heard about it and done your own research? In the end, do you tell yourself that it’s too complicated and not for you? Make no mistake, anyone can make money with cryptos. Without pretending to be your wonderful financial advisor, in this article I give you some good tips to finally know how to make money with cryptocurrencies.
1. Buy and keep your bitcoins
Yes, it is indeed the “easiest” method for a large number of people. It is with this method that most cryptomillionaires have become ones. This consists of buying an asset (a cryptocurrency), letting it “sleep” for a certain time so that it increases in value and then selling it to collect the margin. The strategy here is to know how to choose a good entry point to hope for a strong rise in the crypto and to be able to sell it once its peak is reached.
This is one of the safest ways to make money with cryptocurrencies. For example, Bitcoin was worth $2013 in 13 and at this moment, it is around $15000 (in 2022) after reaching an ATH of $60,000...Be aware of the volatility of course of bitcoin… Besides, we are all waiting for him to touch up his previous ATH level. Remember that if you were a holding company and if you acquired some in 2013 and have kept them since, you would now be rich, ultra rich even.
If you want to buy to hold cryptocurrencies, I advise you to read the article to find out the best platforms for buying cryptocurrencies. Personally, I recommend an easy-to-use and secure site like Coinbase, for example.
This strategy will pay off if you understand that you have to buy low and sell high. It's a good strategy but it's a long-term strategy. You will have to buy and forget your investment.
2. Buy tokens from exchange platforms
There are cryptocurrencies that belong to exchange platforms. The best known of all is certainly the Binance Coin (BNB) offered by the platform Binance. In fact, these particular jetns generally take on a lot of values over time. You know why? Quite simply because they are useful tokens! Cryptocurrency exchange platforms experience incredible trading volume per day!
The real use of these tokens is that we use them to pay commission fees. You are aware that when you exchange cryptocurrencies on a platform, you pay commissions. With platform tokens, you generally benefit from a reduction. This explains the craze for such tokens. In my case, I also have a lot of them and in particular binanceCoin which you can also have on Binance.
When you own tokens from an exchange, well, you receive dividends. You just have to keep them.
Here are some of these tokens of the same type: NEO, KuCoin, CryptoBridge, Neblio, Komodo, PIVX and NAV.
3. Staking cryptocurrencies
This is a strategy that I really like because it is part of passive income in cryptocurrencies. And, you know I really like passive income! In fact, cryptocurrency staking is simply buying certain cryptocurrencies and holding them.
Yes, quite simply! It really is doubly passive. You actually earn interest on your staking. But, also, you don't have to do anything but wait.
In addition, this has another advantage that is similar to the first method. You keep it and plan to resell it later for much more than the purchase price. Of course, with a profit.
😎 This is really a secret and little-known strategy for making money with cryptos. If you want to know more, here is the article to read: the 8 cryptocurrencies that generate interest with staking.
There are apps that allow you to do this simply like the MyContainer website, which I find excellent, for example.
4. Make money crypto mining
Hehe, you think I was going to use this method. It really is the oldest method and the one that perhaps makes people the most happy! This is of course mining of bitcoin and cryptocurrencies in general.
Crypto mining is a solution that always comes up when you are looking to make money with cryptos. It's one of the best ways to earn money because it's relatively passive too. However, it is still much more difficult today. This requires investment in hardware, configuring it to let it mine cryptocurrencies.
When I talk about investing in ASIC mining hardware, I want to talk about the best hardware because the more efficient it is, the more it will be able to generate cryptocurrencies and therefore the more money you will earn. But actually, what does this consist of? Basic question. This consists of having some mining hardware (a powerful computer) that will be able to solve a mathematical equation of a cryptocurrency - and when it is solved - you obtain a cryptocurrency. So much for the simplistic explanation!
You also need to know which cryptocurrencies to mine before you start.
Today algorithms (equations) are becoming more and more difficult to solve, hence the need to invest in high-end hardware to be able to create cryptos. You'll also need additional cooling units and electrical upgrades to support all of this.
Here you need to know that you have to go quickly in solving the mathematical equation and that if your computer is too slow and another person solves the problem first with their computer, then you will gain nothing…. You therefore see the need to invest in quality equipment. If this interests you, feel free to read the ultimate guide (step by step) to mining cryptocurrencies.
5. Cloud mining
Ah! It’s really something that I like. I know there are a lot of naysayers about cloud mining. But, I have won and I win regularly thanks to cloud mining as with Genesis Mining For example. Likewise, it's really a great option for those who want to mine crypto but don't have the hardware.
Without even talking about hardware, there are several other small problems that cloud mining helps to avoid. No need to have equipment at home. No need to configure any software. No more need to constantly look at your pool to see if you have recouped any winnings.
Cloud mining allows you to automate everything in some way. I advise you to read the following articles to better understand what it is about:
6. Trading of cryptocurrency
Ouch! This is a very advanced method which is not for you if you are a beginner. Here, you always have to surf the trading tables to spot a token to detect its potential. You already have to have some sort of eye.
This requires advanced trading knowledge but you can make a fortune there because crypto is very volatile, you can end up with a gain 3 or 4 times greater than your initial investment.
😯 I know it sounds like a dream when I say it like that, but frankly, it's not something accessible to ordinary mortals.
If you know how to read charts, understand candles, and see trends, then this method may be for you. You can also consider other methods but I admit that it is a lucrative method to earn quickly and a lot of money with cryptocurrencies. The only condition is to be experienced in trading. To follow trends and allow you to make profits, there is the option of copy trading. I also talk about it in this blog, don't hesitate to see what it's about.
7. Make money with cryptocurrency faucets
On the web there are several applications that offer Bitcoins in exchange for a click. These are called faucets. We know them under the name of Bitcoins faucet in French. There are plenty of them today. However you are not going to get rich quickly given the low bitcoin rewards they give. Example: 100 Satoshis = 0.000001 BTC, 10 satoshis = 000 BTC.
I very strongly recommend one of the oldest and most enduring bitcoin fauches: Freebitcoin.in
You can read the article to know the best games to earn bitcoins for free.
8. Do micro jobs and get paid in bitcoin
Honestly, this is one of the simplest but also the most time-consuming methods. Indeed, micro job sites mainly consist of responding to surveys, reading emails, etc. Nothing too difficult, but in any case, nothing that will make you very rich quickly. It's certain. But, it's still worth a try if you really want to earn free bitcoins other than with faucets 😉
Microtasks are great ways to make money with cryptocurrencies. It’s about doing small favors for someone andget paid in bitcoin or in cryptocurrency. You have the choice between completing surveys, testing applications, debugging a site, etc.
Cointask estimates that a single 10-minute task could earn you an amount of 2018 BTC in 0.00001426. Now, you know how bitcoin is going to climb, right? So, yes, it can be extremely profitable!
Here are some microtask sites that pay you in bitcoin and other cryptocurrencies:
- Bitcoin Rewards (You earn with paid surveys and video viewings for example)
- b.bituro (Idem, surveys mainly
9. Be a freelancer and get paid in cryptocurrency
I myself was a freelancer for a long time but at the time, there were no platforms for freelancer paid in bitcoin. I invite you to read the article right away (but come back to it later) on the platforms to get paid in bitcoin while being a freelancer.
If you freelance online this is a great way to make money with cryptocurrencies. Likewise, if you want to be a freelance writer, blogs dedicated to crypto will be happy to work with you. Myself on ZoneBitcoin, I work with many crypto editors, in case you're interested.
There are also platforms dedicated to freelancers who want to be paid in bitcoin like TrueLancer that I recommend to you.
10. Affiliate marketing
A site or company working in crypto are good additional ways to make money with cryptocurrencies. To put it simply, affiliate marketing involves earning a commission when someone clicks on a line from another company and purchases one of their products. You may prefer payments in crypto instead of being paid in cash.
If this method of making money with cryptocurrencies interests you, you can read the article on cryptocurrency and bitcoin affiliation. I give you the best sites that will pay you if you bring them customers.
—> Read the article: The best affiliate programs in crypto and bitcoin
Also, if the affiliate marketing please, I advise you to see the articles on my other blog which helps you generate income online, Work-nomad.
11. Trading with bots
This strategy consists of trading with the help of technology. Being a trader is becoming increasingly difficult today. Likewise, doing crypto trading is really difficult without the help of trading robot. You must always have your eye glued to the movements of the charts to watch for the slightest opportunity to take a position. You will alternate the purchases and sales of your tokens whenever you deem it appropriate. This requires a lot of intellectual work.
This is why there is what we call automated trading. Crypto Trading Botss are designed so that you can buy and sell automatically at the right time. The trading bot will do the work for you because it can guess this opportune moment thanks to thousands of pieces of data.
I personally use Cryptohopp is et 3commas which are for me (and for several experts), the best crypto trading robots.
12. Lend cryptocurrencies to businesses
This is a very accessible method for those who already have cryptos. It is indeed a great way to make money with cryptocurrencies.
Here you can lend your cryptos to people or companies. You can therefore expect with this method a return on investment of 10% for certain platforms such as Nexus For example. But the downside is that since crypto is not regulated by any government in the world, it will be a question of knowing at what final price you will lend your cryptos. That said, this remains the ultimate downside for cryptocurrencies in general. But, rest assured, companies like Youhodler are based in Europe, subject to European financial legislation.
Frankly, if you are looking to earn 10% interest per year with cryptocurrencies, it is clearly cryptocurrency loan sites that will need to be considered.
It’s the royal road to generating crypto passive income, to put it simply.
13. Masternodes
It's true that the sound sounds strange but the masternode is quite similar to the cryptocurrency staking.
The masternode is a powerful way to make money with crypto. The number of coins to be won depends on your masternode network. Having a masternode is ideal if you want to earn money, of course, but especially in passive mode.
Personally, I recommend shared masternodes because they are much more affordable. In addition, it does not require any technical knowledge.
Conclusion on methods to make money with cryptocurrencies.
Without being a financial expert, I can tell you that the world of crypto can help you make money.
You have seen that there are several methods – adapted to all profiles – to do this. Take the time to read the articles I have rated for each method. I am sure that you will succeed in earning cryptocurrencies using these methods. Please know that I have tested almost all of them myself, and there is no reason why you cannot do it.
There are also other methods of making money with cryptocurrencies, which are more risky and which we have not mentioned here such as the activity of trading. sports betting in bitcoin, For example. Methods that are riskier should be considered for entertainment purposes only.
However, remember that crypto is volatile, but it is predictable if you are an insider. There are cycles that come back like the waves of the sea and like a good swimmer or surfer, we are always watching for the right wave to jump in, eh!
I had a lot of fun writing this article (which is a short summary of the ebook that you can download for free on the right bar). Please let me know what you think and which method interests you the most.
On that note, happy winnings!
Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
Our affiliate links:
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- Public chat Binance (Get 10% off)
Generate interest on your cryptocurrencies:
- Public chat Youhodler (Earn up to 12% interest)
To secure your cryptocurrencies:
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Hello,
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Hello and thank you for your articles.
I loved
Message well received. But for the site I'm talking about, no Windows logo, nor Rakuten.
cryptofree.us
Thanks for the availability
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