How to Make Money with Cryptocurrency for Beginner

Basically, there are many ways to make money with cryptocurrency. How to make money with cryptocurrency for beginners:

Initial Coin Offering (ICO)

Initial Coin Offering (ICO) is one of the most popular investment trends since 2017. The ICO program is one way to earn money from the cryptocurrency business through a newly launched project.

Investment

The simplest way to make money from cryptocurrencies is to do a buy and HODL strategy, which is to keep crypto assets for a long period of time.

Examples of the best performing cryptocurrencies are Bitcoin, Ethereum, Doge, Sol, or DDKoin. Before making an investment, you should research it first. And it is recommended to buy native coins.

Cryptocurrency Trading

If investing is a way to make money from cryptocurrencies for the long term, then trading is a quick way to make money. Cryptocurrency trading is most often done by traders because it can be done throughout the day easily through various sites or applications.

The profit margin gained from trading depends on how skilled a trader is at reading charts and analyzing the crypto market situation.

Chain Rewards

Chain Rewards is a free cryptocurrency from downline transaction activities, because they join through a referral link. The more members join through your referral link, the more cryptocurrency you will get. This can be done by disseminating information about the referral program and directing people to join the program. Members who share a referral link until there is a new member who registers via the shared link will later get a certain reward.

Airdrop Program

Airdrop is an activity to distribute tokens or coins for free. Although it looks good, in fact there is still a business sense in the distribution of this coin. Basically, Airdrop implements a way to attract the attention of new followers in order to generate a larger user base and wider coin payouts.

Join Blockchain Project

Blockchain projects that can be searched on Google, or you build your own. The Blockchain project is one of the most sought after projects because its implementation can be used in various sectors. It is not impossible, you gain money from this project, especially if many are interested in the project.

Get Cryptocurrency from Games

Playing games is a way of earning cryptocurrency. Some games reward or pay gamers with crypto when they win. For example; Games on the Ethereum and Tron platforms. Ranging from action games, adventures, to gambling games.

Accept payments via cryptocurrency

If you own a store, accepting payments via cryptocurrency is a great option. 20% of the sales profit is stored in cryptocurrency, and 80% is exchanged into fiat money for shop purposes. The benefit is that when stored cryptocurrency the price goes up.

Read also: How to Make Money from NFT

In fact, there are many ways to earn money via cryptocurrency, no matter what method is applied, the user must remain aware of market conditions. Make sure to understand each risk before making a transaction. You should also try the Cryptocurrency business to make money.

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