Is it possible to make a profitable profit from cryptocurrencies only through trading?
Many people think that making money from cryptocurrencies is limited to trading only, especially beginners. Some rush to buy currencies with all their money, sometimes randomly, without realizing that the cryptocurrency field is much broader and provides safer opportunities than trading.
The cryptocurrency space is full of diverse opportunities that go beyond traditional trading.
Here are some ways to profit from cryptocurrencies without having to trade:
1. Long-term investing (HODLing):
Buy promising coins based on project and team study and hold them for a long time to make profits as their value increases.
2. Mining:
Use specialized hardware to secure the network and earn coins as rewards.
Beginners can join mining pools to reduce costs and risks.
3. (#Staking):
Lock your coins to support the blockchain network and earn periodic rewards.
Some of the most popular currencies that support betting are: #Ethereum , #Solana, and #Cardano .
4. MINI APPS via Telegram:
Many projects use Telegram bots to offer rewards to users for simple tasks.
Examples
Tap to Earn Bots:
You perform simple tasks to get rewards.
Like what was in bot #HamsterKombat and other currently known bots
Bots to Claim Airdrops:
Where coins are distributed for free in exchange for completing specific requirements.
5. Airdrops:
Get free coins when you sign up for new projects or support them through social interaction.
Some projects offer rewards for completing "quests" such as writing reviews, sharing links, or creating content.
6. Crypto Lending:
Lend your cryptocurrencies through platforms like #AAVE and#Compoundand earn interest.
7. Play-to-Earn Cryptocurrency Games:
Games like Axie Infinity and #Decentraland allow you to
Cryptocurrencies in play.
8. Crowdfunding platforms (Launchpads):
Invest in new projects before they are launched and earn huge returns if the project is successful.
9. Content writing and video creation:
You can offer article writing services or create educational videos about cryptocurrencies in exchange for payment in digital currencies.
10. Building decentralized portfolios:
Join projects like SafePal or Trust Wallet that offer rewards for learning and setting up digital wallets.
11. Participation in Blockchain as a Service (Node Operation):
Run a node to contribute to the operation of decentralized networks like Ethereum or Avalanche and earn rewards.
12. Affiliate Marketing:
Promote cryptocurrency projects or trading platforms in exchange for a percentage of the profits when users are brought in.
Final advice: Avoid random risks: If you are a beginner, avoid investing all your money at once or trading without sufficient experience. Start by learning and understanding the market, and invest wisely and with amounts you can afford to lose.