Cryptocurrency markets are the hottest investment topics right now. This year, cryptocurrencies showed high profitability against the background of an unstable economic situation in the world, that also positively influences on interest amoung them.To begin with, there are a lot of ways to make money on crypto !!! Moreover, people divide them into: methods that require investment and that do not need it. And also in terms of the level of risk, labor costs and the level of income that can be reached. Read our article about the most common ways to make money on crypto that you can try.
1 — Buy and hold — It means that you buy some tokens or coins (like stocks), wait for the accumulation of growth percentages, and then sell these tokens and get money.
You just need to wait until the price of your chosen token or cryptocurrency will rise so that you can sell it at a rate higher than it was when you bought it. This approach implies the execution of long-term transactions. It is suitable for beginners, as it does not require knowledge of technical analysis, trading ability and other skills that are needed, for example, formaking money on trading.
The easiest option this way in the digital assets markets is to invest in bitcoin, top altcoins, or a couple of promising coins. Thus, you will get a portfolio where there will be a balance between reliability and super-profitability. But you need to watch how the markets behave themselves. For example, we saw a powerful uptrend in 2017, the same powerful downtrend in 2018, stagnation in early 2019, and another uptrend in 2020 that continues to this day.
2. Staking. It means that You buy a cryptocurrency, hold it, and plan to sell it in order to get a profit later, while you are also receiving dividends from holding it. Here, you can receive interest from the fact that you keep the crypto in your wallet or on the exchange. Unfortunately It is also a risky method of earning money, because the price of the cryptocurrency, which is used for passive earnings, may fall. In this case, the number of coins or tokens will increase, but the capital in terms of fiat will decrease.
3. well-known mining. This method is largely passive: you invest in digital assets, build a farm and look for coins or tokens for mining. The better is the hardware, the faster it can create more coins or tokens for you -the more chances for you to make money actually. Mining works when computers solve complex math problems, and when they solve them, you get cryptocurrency.
4. Trading — here traders can make money both on growing and falling markets. As cryptocurrency is very volatile, it means that the price can be changed dramatically, and someone, who constantly monitors the price throughout the day can get a very large return on investment by buying a few coins or tokens in one hour and selling them one hour later. Trading requires significant experience, ability to control risks and a lot of luck. Particularly, it is extremely important to be able to recognize losses. It is important to understand that if you have not mastered investing, then there is no point in even thinking about crypto trading. Because this way of gaining crypto assets requires much more knowledge and time.
5. DeFi — This year DeFi sector shows even thousands of percent increase in a short period of time. There was a hype around the DeFi sphere, so even one successful purchase of a DeFi token could multiply the investment. But the chances of losing are much higher than the chances of luck. The DeFi sphere offers another way of making risky money — “profitable farming”. It works as follows. The user makes a deposit in ETH, for example, The earned percentage is paid on this deposit, but in another cryptocurrency — in the native tokens of the project. Thus, “the farmer reaps the harvest.” The receiving coins can then be sold in order to be locked then in profits. There are also Defi Staking, P2P Lending, Decentralized Exchange Liquidity Delivery and DEX Leveraged Trading.
You can earn in the digital assets markets in different ways, and even a relatively small amount will be enough to become a full-fledged participant in the blockchain industry.
While Using TBCC Smart Wallet you can easily buy, store, send, trade, exchange your cryptocurrency, participate in DeFi, TBCC Swap, OTC and TBCC Exchange will allow you to trade your assets conveniently and safely.
