Today, cryptocurrency (in short- crypto) has become the hottest topic in business market. Everyone is interested to know about cryptocurrency and want to learn about it in details. There are many people who have become millionaire by investing in altcoins.
Some peoples have not complete information regarding it and it seems too technical and complicated due to which peoples are not able to understand it. But, it is not reality. Anyone can get entire information regarding cryptocurrency. Here, in this article, you will get Top 15 Ways to Earn Money from Cryptocurrencies. So, read this article carefully and catch all the great ways of earning an income with cryptocurrency.
1. Crypto Trading
If you have experience in financial or trade marketing then you could easily trade crypto tokens on various exchange. How to make money by selling and buying cryptocurrency topic has become the hottest topic about today.
2. Centralized Exchanges
There are many bigger exchanges available in the history of Cryptocurrencies that have centralized exchanges. Actually, there are running on a server of the company and the order book is controlled by them in a private database. These order books are largely off-chain which means users are trading with each other but no tokens are being moved on the actual blockchains.
3. Decentralized Exchanges
Decentralized exchanges have just arrived on the scene and the technology is in a nascent stage. While the blockchain is operated by the decentralization and their order book is transparent. The number of users has decreased due to their bad user interface and slow transactions. Also, since all transactions happen on the blockchain, fees tend to be higher.
If you are not a trader, but still wants to earn from cryptocurrency then what you should do? Here is the simple answer…just buy some bitcoins and altcoins as an asset and hold them as an investor. You can invest these bitcoins and altcoins in a project that you think will develop into valuable products in the near future. This way, you can sell them after raising the quality of the project and earn a good profit. Since the crypto market is open to everyone, unlike the startup investment market, it is pretty easy to buy these tokens.
It may be vary on type of tokens that you are buying. They could be security tokens, in which case a whole lot of laws need to be complied with, or utility tokens, which means you can use the tokens for the product to function but remember one thing you would not have an ownership in the project/company.
5. Initial Coin Offerings (ICOs)
Since 2017, ICOs has become the most popular investment avenue among the peoples and still it’s the same in 2018 too. If you want to make good money then initial coin offerings is the good option to make money that are going to be launched.
6. Referral Programs
If you are not interested to invest huge effort and still want to earn money from cryptocurrency then referral programs is the best option for you. It is the process of helping other people is to spread the word about good projects and get rewarded in return. For example, CoinSwitch referral program provides $5 worth of Bitcoin (BTC) for each friend you refer. This way your friends benefit by knowing about an amazing product and you get paid for growing their user base. It is a win-win for everyone.
Airdrop is the process when free coins are distributed. Yes, the coins are really free. On the other hand, it may be look too good to be true but the reality is different. There is business sense even in giving away free coins. These coins are distributed in various ways and their distribution depends on various factors. But it is essentially free tokens.
8. Copy Trading
In copy trading, you have to select individual traders and copy their trades. First of all, you research individual traders on a copy trading platform, check their trading history, success rates and their goals if they align with yours. Then, check your portfolio and allocate certain percentage to copy their particular trade. Now, next time, whenever this trade will take position, you will immediately able to duplicate that trade too.
9. Spreading the Word Become a Knowledge-Worker / Consultant
In this revolution, there is huge requirement of peoples to spread awareness and knowledge. As we all know, we all are at starting stage and as space grows, we need skilled and knowledgeable people to spread and educate the masses about Blockchain and Cryptocurrencies in general. How does the crypto sector grow and how do Cryptocurrencies make money? It is with adoption and a knowledge worker can drive that.
10. Joining a Blockchain Project
There are various blockchain projects available if you want to join and get attracted towards them. You can simple google search and may find all the coolest and most disruptive projects around you.
11. Starting a Blockchain Project
If you think that you can make more money by establishing an industry on the basis of this technology then you may go through it also. Establish a project and ready to change the world.
Cryptocurrencies are mined instead of minted. If you are a hardware geek, you could get yourself an ASIC and start mining your favorite coin. Mining makes able you to develop or earn passive income with huge profit in cryptocurrency.
13. Accept Cryptocurrencies in Your Existing Business
There are many traditional businesses over here that are accepting Cryptocurrencies every day. Even, if you are entrepreneur then you can start accepting bitcoin as a method of payment or pay to employees or if you work in a company, you could recommend the same.
14. Host a Bitcoin ATM
If you want that your friend or family become revolutionary in marketing then help them to learn pay via bitcoin a mode that they are already familiar with an ATM or host a bitcoin ATM.
15. Learning Blockchain Programming
If you are a programmer then get on the blockchain train. Learn entire blockchain technology and try to develop on the most popular platform that is ethereum. Even if you do not want to learn a new language, there are platforms where you could code in C++ and other languages.
16. Identify How Your Current Industry Can Benefit From Blockchain And Implement
Whatever industry you are in, there is a high likeliness that it will be disrupted by Blockchain much like every industry was made more efficient by the advent of the internet. Identify areas in which you can improve efficiencies by implementing Blockchain and do it.
17. Cryptocurrency Earning Games
There are several games that let you earn crypto tokens as you progress. You can find these games on Ethereum and Tron platform. They range from action to adventure to gambling games. Most of these games have a reward that is paid in a crypto token when the user wins.
Cryptocurrency sector is just getting started. The bear market is the time when all good projects are focusing on developing their product and user base. While you help them do that, you can share their profits as well. With so many ways, it is difficult not to make money.
I am a freelance blockchain writer. Having 4 years of experience in blockchain industry, I have written many articles and blogs on cryptocurrency. My goal is to work with dedication, deliver accurate and transparent information that helps to companies and users to grow.