How To Make Money With Cryptocurrency
Unless you opt to invest in cryptocurrency stocks, your first step is to buy crypto. After you’ve acquired your first crypto investment, try any or all of these tactics for making money with crypto:
Trading
Staking
Lending
Giveaways
Mining
Gaming
Let's explain first two.
1. Trading
You can buy crypto and hold it until its value rises, then sell for a profit — and even engage in day trading if your goal is quick income.
But be wary: cryptocurrency and day trading are both high risk, so never invest more than you can afford to lose.
2. Staking
If you’re interested in holding cryptocurrency, you can stake it — or agree to park it on an exchange or in a staking pool for a period of time. You’ll earn more crypto for keeping yours in place, because doing so helps fund blockchain operations.
Generally, you earn crypto by staking because you’ll receive interest or dividends, often at a high rate. However, you often have to commit to a period of time to lock your crypto in the blockchain, and you’ll be subject to the risks of keeping your crypto on an exchange.
