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LOPS UG
14 hours ago
How To Make Money With Cryptocurrency
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 like Binance 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.
3. Lending
You can also opt to loan your cryptocurrency holdings out, allowing you to charge interest — sometimes with annual percentage yields of 15% or more.This is available on the binance earn
4. Giveaways
You can earn free crypto in various ways, from looking for giveaways, also referred to as airdrops, to completing small tasks on websites in exchange for crypto coins, called faucets.
5. Mining
Mining is the computing process through which new coins are released into circulation. Not all coins are created through mining, but many are, including bitcoin. It can be profitable but requires extensive equipment and is very energy inefficient, meaning it’s often expensive to get started and you might not make that investment back
