Hey there, so you are coming here to know how to make money with Cryptocurrency online! We are here to help by sharing some exciting and well known digital system to make money online for free. So if you still don’t know about Cryptocurrency you are in the right place to know what is Cryptocurrency is and how to make a lot of money with Cryptocurrency.
We will show you some easy step by step way to make money with Cryptocurrency. Before going to the main topic you should know that So many people are interested in Cryptocurrency.
Some people like this and others people ignore it. And in this section, a lot of people lost there everything and some people make huge money from crypto. So lets began with a simple definition of Cryptocurrency. Than we will know different way to make money from digital currency.
What is Cryptocurrency
Generally, people use a bank or credit card to buy something and these companies take a cut of that transaction. And we have to trust those companies. If there is a problem happens by hackers or anything they take a long time to solve it.
To solve this issues and make the transaction easier, faster and safer there is a special currency enter to the digital world that is Cryptocurrency. It is totally safe and based on the science of cryptography that is the way of secure information by using mathematics.
And it only works with computer networks whenever you send money. Also to the receiver it directly goes receiver wallet and there is no middleman. At the same time, transactions broadcast the whole network and record it in a permanent way. This called public distributed ledger.
How To Make Money With Cryptocurrency:
That was a little brief about Cryptocurrency. Now let see how we can make a good amount of money with it. There are many ways to make money with Cryptocurrency. Some of those ways listed below. If you are interested you might read a step by step cryptocurrency guide.
1. Buy and Hold Cryptocurrency
This is the most popular way to make a good amount of profit. You just saw in the last year many of those Cryptocurrencys value increased in a massive way. BTC hits almost $20K in the last November 2017. But at the beginning of the year BTCs market value $800–$1,150.
Now you can do the math how much money people earn who buy it in January and sell it in November. Massive right! It sounds very unbelievable but it is true. There are hundreds of thousands Cryptocurrency coin available right now on the market.
You can buy some good Cryptocurrency coin at a very low price and hold them until the price goes up. In this way, you can earn 6 figure income in no time.
2. Trade Cryptocurrency:
You can make thousands of dollars by trading Cryptocurrencies. There are many brokers sites allow the user to create a free trade account. They offer them to trade many kinds of Cryptocurrencies.
To create a trade account you must have a wallet to store buy or sell those currencies. One of the best and popular site is coinbase. It is free and very secure easy to use the web app. You can sing up by clicking here. And here is some good brokers who offer crypto coin trade.
- Binance : Binance one of the top cryptocurrency exchange. You can easily trade and make some good amount of money on this site.
- Bitmex : Very Secure cryptocurrency exchange. They provide all tools to their user so they can use this platform better.
- KuCoin: One of the big exchange. They offer both desktop and mobile friendly app to their user.
- Huobi : This one is now popular today. The main reason is, here you can find most of that new cryptocurrency.
- Bitfinex : One of the most popular exchange. you can margin your trade. They also offer a mobile and desktop app for better use.
This one is one of my favorite methods. I earn a lot of money with this method. But I must warn you, Its high risk – high reward business module. So you must have some good knowledge and a few hundreds of dollars to step in this money game. You can find out some good tips and tricks here… How to trade cryptocurrency without losing any dime.
3. Start Mining Cryptocurrency:
Earn Cryptocurrencies by mining!! Yes, You heard it right! Sounds awesome!! You can earn Cryptocurrencies by mining. There are many ways to mine cryptocurrencies and earn a six or seven figure income. You just need some basic knowledge about how to make good configuration PC or how to minimize electricity cost. Let’s talk about those methods
Still Bitcoin mining is a popular way to make huge money.
You can use your CPU power to mine Cryptocurrencies. Back in 2011-13. It was very profitable but now its very difficult to mine any crypto coin with your CPU power. But you can still mine some new crypto coin with CPU power.
You can use your graphics card to mine coins. It’s a very easy way to mine cryptocurrency. You need to know how to set up and build a gaming computer with the best hardware. You need to know how much hash rate it can generate. This will be awesome for you if you are a gamer. You can play games and then just run the pc for mining. You can also set a rig of few GPU and run them all together with mining script. That’s it.
Make Money With Cryptocurrency Airdrops
Airdrops!! Sounds interesting right. In this method, People can earn coins by sharing their post, follow or comment on their social accounts. you can also earn by giving the review about them. Some sites give you a tiny amount of money for sing up and referring other to their sites. You can also earn coin by installing their app.
So, guys, I hope you enjoy and learn something about how to make Cryptocurrency and enjoyed this article. In this article, we tried to show you some process of making Cryptocurrency. There are so many ways to earn Cryptocurrency. If you guys want to know more about this awesome Digital currency, Stay connected with crytooa.com. See you in the next article.