Do you want to earn money from cryptocurrencies? Well, who doesn’t! Hence, in this article, I am going to share with you some of the best ways of making money in the crypto-sphere.
Of the ways listed below, I personally use some of them to book profits, and I’m not complaining. However, alongside making money, you also need to be aware of scams because, in a decentralized space such as cryptocurrencies, the chances of you getting caught in a scam is also very high
Buy and Hodl
Relatively speaking this is the “safest way” to earn crypto. All you need to do is buy an amount you feel comfortable with investing in a certain coin and just hold it for a year. If the coin is one of the more promising cryptocurrencies it will most likely to increase in value from the price you bought it in at. Be responsible and do your research, don’t simply buy a coin because someone shilled it to you. Have a look at information like the coins whitepaper, roadmap, follow them on social media, check out the circulating supply, market cap and daily volume on popular exchanges. I’ve personally bought 12 different coins and will be hodling them for the next year or more.
Blogging/Vlogging, curating and amp; commenting
Youtube has been here since 2004 and you can make good money from vlogging there if you have more 10,000 views on every video and the same applies to blogging. Google has dominated this space with their Adsense platform but crypto has presented us with an alternative in Steem coin. Steemcoin is the coin behind the Steemit blogging platform. Steemit has introduced a way for the small time blogger to actually make a decent amount of money every day by just blogging as I am doing with this article. Also making of video technical analysis of the cryptocurrency markets on youtube can bring you income and fame, just like Ian Balina is doing on Youtube called “The Diary of a made Man”
When a new currency is introduced or a new batch of currency is released in order to gain momentum and interest many companies try Airdrops. An Airdrop is when the cryptocurrency development team distributes their coin to the community for free or in exchange for small tasks like downloading their software, native wallet or signing up for an ICO. If you want to know when airdrops are happening you can sign up for sites like ICOdrops.com as well as Aidropalert.com.
Affiliate marketing is nothing new; plenty of bloggers, social media influencers and vloggers make use of these platforms. You can sign up for affiliate programs with popular cryptocurrency exchanges like Quidax and spam your link across various digital channels, as well as projects, link Dent giving away 185 tokens per sign up. You will get paid for every user that signs up and makes a purchase.