How to Make Money with Cryptocurrency? Part 2

February 10, 2021

Investment

Sean Korbett

In the first part of the article, we talked about the nature of such a phenomenon as investments, as well as the ways of investing in cryptocurrencies. In the second part, we will talk about various scenarios for how to make money with cryptocurrency, as well as which cryptocurrencies are the most promising in terms of investing in them.

How To Invest In cryptocurrency?

The following options are available:

• Crypto Trading
• Staking of Cryptocurrencies
• ICO
• “Hodling”
• Referral Programs
• Airdrops
• Getting a Wage in Cryptos
• Selling Your Goods for Cryptos

In the first part of the article, we talked about Crypto Trading, Staking of Cryptocurrencies and ICO. In the second part, we will look at other options for how to invest in cryptocurrency.

What Is Hodl?

“Hodl” or “hodling” serves to be an alternative to trading. It is the process of buying and holding crypto assets. Long-term investing has less potential than trading, since cryptocurrencies’ prices may change by tens of percent daily, and investors miss the chance to gain on the fluctuations. There’s one relevant nuance in “hodling”: it is necessary to find the right moment for purchasing an asset. “Hodling” is suitable for newcomers, since it does not require trading abilities and deep knowledge of technical analysis.

Referral Programs

Some cryptocurrency exchanges have standard schemes, within which registered users can receive a permanent referral link, invite new members to the platform and receive referral commissions. The profit margin depends on the total number of all referrals.

This method does not require any special knowledge and great efforts. The risk is minimal – you don’t need to make investments, and your funds will not suffer. The profit margin depends on the time spent and the efforts made. You can register on several sites at once to increase profits. 

A non-custodial cryptocurrency exchange StealthEX offers you to join its referral program: by spreading the word of decentralization you can get a profit of 0.4% from each exchange, rewarded in BTC. Referral links and API integration are waiting for you!

Cryptocurrency Airdrops

The term “airdrop” literally means “that which falls from the air.” Some crypto projects give away their tokens for free in order to interest the public and attract new customers. This type of cryptocurrency earning is suitable for novices. The user does not need to spend a lot of time and undertake major effort. However, such campaigns are short-run, so it is necessary to search for new projects constantly, if you are interested in stable profits.

Cryptocurrency Jobs Salary

A wage in crypto is calculated in reliance on the price of a particular cryptocurrency for a predetermined date and time. Those employees who agree in advance to sell the cryptocurrency immediately upon receipt receive its value in fiat currency. But if an employee desires to save cryptos, then he can benefit from the growth of their prices later.

It seems natural that as the cryptocurrency sector develops, tax rules are changing as well. Whatever country they live in, employees are obliged to pay taxes on their cryptocurrency incomes, and these taxes are calculated in reliance on the cost of a cryptocurrency at the time of salary payment.

Selling Your Goods for Cryptos

The indisputable advantage of selling and buying goods for cryptocurrencies is the decentralization of the payment scheme, which is not controlled by the banks and even the state. It is as global as the World Wide Web. Accordingly, the size of commissions when paying for goods with cryptocurrencies is set by the stores themselves and individual sellers. At the same time, buyers are free not to divulge their purchases. Blockchain technology provides anonymity of transactions (at least, partially).

The advantages of buying and selling goods for cryptocurrencies include:

1. Lack of state control and taxation.
2. Potentially low fees for the purchase and sale of goods and services.
3. Processing transactions 24/7/365.

What Crypto To Invest In? 

Is Bitcoin A Good Investment? 

According to many experts and users, the best cryptocurrency to invest in now is Bitcoin –  the oldest and the most popular crypto token. There are many advantages of investing in Bitcoin and other cryptocurrencies, including:

1. Great technological potential.
2. Cryptocurrency investment provides an opportunity to bypass the middleman (financial institutions and banks).
3. Promising applications in business and finance.
4. Accessibility: investors from all over the world can invest in cryptocurrency.
5. Enormous growth is possible.
6. New investment options increase investment security.

Should I Invest In Cryptocurrency? 

Many analysts positively assess the future of cryptocurrencies and recommend considering the option of investing in them. 

Where To Buy Cryptocurrency? 

The best way to invest in Bitcoin and its rivals is StealthEX – a custody-free crypto exchange, providing the opportunity to convert over 350 cryptocurrency assets without limits,  without having to register, and with no extra or hidden fees.

We are happy to announce that you’ll get an opportunity to exchange cryptocurrencies for fiat currencies on StealthEX pretty soon.

So what are you waiting for? Hurry up and visit StealthEX.io 

How To Buy Cryptocurrency? 

You can study a detailed article with an exchange guide, watch a tutorial video on our YouTube channel, or just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount for your exchange. For example, ETC to BTC.
2. Press the “Start exchange” button.
3. Provide the recipient address to which the coins will be transferred.
4. Move your cryptocurrency for the exchange.
5. Receive your BTC coins!

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.