3. basic rules to start making money on crypto👇
The first question that interests beginners is: how much do they earn on cryptocurrency?
The answer to this is ambiguous - you can either quickly make money by investing in crypto-assets, or easily lose it.
This largely depends on the skills and ability to analyze the situation on the crypto market.
Let's look at three ways to earn cryptocurrency from scratch. Some of them will require investments - in equipment, cryptocurrencies, or staking.
1. Cryptocurrency trading
Advantages: high profit potential in a short time, you can use different combinations of technical and fundamental analysis methods, no large investments are required.
Disadvantages: you need to know the market well, constantly monitor asset quotes, choosing those that have the opportunity to make money right now.
2. Mining
Advantages: moderate passive income, does not require technical or cryptocurrency knowledge, many guides on the Internet.
Disadvantages: large investments are required at the start; for adequate earnings you need powerful equipment.
3. Cryptocurrency staking
Advantages: minimal investment required, passive income, no technical capacity or deep market knowledge required, can be combined with a long-term strategy.
Disadvantages: high earnings will require significant investments, there is always a risk of partially or completely losing the deposit.
Today we looked at passive ways to make money on cryptocurrencies from scratch.
These methods mostly require initial investment, deep immersion in the field and carry a high risk of losing your funds.