Best Ways To Invest In Cryptocurrencies
Nowadays most people have been looking for different ways to earn money through investing in Cryptocurrencies. I mean, who doesn’t!. Early investors in Bitcoin and ethereum made millions in pure profits. In this article , I am going to be talking about some of the best ways to earn money in the cryptosphere.
However when making money , You need to be aware of scams because the chances of getting caught in a scam is very high.
Ways to invest;
1. Buying & Hodling
One of the best way to earn money in the cryptoworld is to buy good cryptocurrencies that have fundamental usecase and hold until they obtain a good or fair market share. Cryptocurrencies like :
…are safe to buy most of the time. Buying and holding them for a longer term would benefit you because they are bound to appreciate against the fiat pairs of USD, GDP, EURO etc.
2. Buying & Holding Cryptocurrencies For Dividends
Buying and Holding Cryptocurrencies that pay you dividends. There are so many cryptocurrencies that pay you just for holding cryptocurrencies.
Some of the cryptocurrencies are:
3. Day Trading Cryptocurrencies
For earning with this method you must be good with technical charting at various intervals of the days. You can day trade cryptocurrencies on various exchange :
The idea is to buy them when low and sell them when high, when your target is reached.
4. Accept Cryptocurrencies If You Are A Merchant
You can also earn by accepting them in exchange for your products or services if you are a mechant. Being a merchant, You have access to many cryptocurrencies payment processors that can help you in accepting cryptocrrencies.
5. Staking Cryptocurrencies
This way of earning is a very good way of earning because you get both the benefit of price appreciation for holding good crypto coins and the additional reward as dividends.
Staking means holding a crypto coin 24 hours in a live wallet, while earning new coins as a reward for staking and securing the blockchain network.
Some crypto coins are:
6. Work For Cryptocurrencies
If you are a developer or a writer or designer, you can start earning right away by exchanging your services for it. There are many websites and platforms that offer you Bitcoins in exchange for your services;
You can start by working for these cryptocurrencies based on my opinion:
7. Mining Cryptocurrencies
Mining cryptocurrencies is another good way to earn money. To succesfully mine and earn from cryptocurrencies, it is advisable to have access to cheap electricity to run this mining equipment , with the know-how of how to take care of the software and hardware mining stuff. These days mining has become very competitive task that requires a good initial investment to start with.
With the few ways listed above i hope you would be able to invest and earn money through cryptocurrency.