Most crypto investors buy cryptocurrencies, hoping to make some good profit. Of course, this is possible, with the right digital assets, and the right strategy. Actually, there are many different ways to make money with cryptocurrencies, and here are 5 of them:
Investing in presales
Investing in crypto projects, as early as possible, is probably the best way to make money. If we just remember Bitcoin, and its initial price in 2009, we can see why this is so.
Similarly, Ethereum was traded for only $0.75 when it was released. If you have invested in those cryptocurrencies in their beginning, you probably consider yourself lucky.
Crypto presales offer below-market-value prices when they are newly launched, and also show great potential for returns. Of course, before you jump into investing in new crypto projects, you must do a proper research.
Here are some of the best presales to invest in 2022:
Dash 2 Trade - A cryptocurrency analytics platform
RobotEra - A Metaverse project
IMPT - An Eco-friendly project
Staking
Crypto staking is another great way to earn passive income on idle tokens. It involves locking proof-of-stake crypto tokens away for a given amount of time to validate transactions.
Some of the leading staking networks are Cardano, Tron and soon - Ethereum. If you choose staking, you will receive a rate of interest for as long as your tokens are locked.
You can choose different platforms to stake your cryptocurrencies, but you must always be aware of the current conditions. For example, some platforms require a minimum lock-up period for your tokens, which means that you won’t be able to withdraw them for a given period of time.
Day trading
Day trading is also a popular way for making money with cryptocurrencies. Of course, to do this you will need some knowledge of how to use crypto tools, and to analyze the crypto market.
Shortly, day trading is a way to make profit by taking advantage of the short-term volatility of the crypto market.
All you need to start crypto day trading is a profile in a regulated crypto exchange, meeting two important criteria - low fees, and support for many markets. Be careful when you choose an exchange, as sometimes big taxes and commissions my eat away all your profits, and even more.
HODLing
HODLing (from the term “Hold”) is a great option for long-term profits, for beginners. HODLing refers to the process of buying a crypto and holding it for the long run. Choosing this strategy, you shouldn’t worry about short-term price fluctuations. Of course, once again, you must choose your investments carefully, as not every cryptocurrency has a potential of future development.
Play-to-earn games
If you are into playing games, and want to make some money out of it, play-to-earn games are a great way to do so. Truth is, the play-to-earn marketplace is already worth billions of dollars. One of the most popular crypto games is Decentraland.
Decentraland offers a metaverse, enabling players to create their own digital avatar, communicate with each other and buy lands. After buying your own land, you can build your own real estate project, in the form of NFT, which you can sell.
Actually, some plots of land in Decentraland have been sold for millions of dollars, which means that early investors have received a chance to buy NFTs at a pretty good price.
Those are only some of the proven methods to make money with cryptocurrencies. Of course, any investment comes with risks, so you should invest only after doing proper research, and of course, never invest more than you are willing to lose.
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