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Cryptocurrency best way to make money and explained in 2022. It’s a brand new year things are changing and we want to show you some of the best ways for complete beginners to go make money with things like bitcoin, Ethereum and other cryptocurrencies.
So if you’ve been thinking about jumping into the cryptocurrency space you don’t know how to make money in the cryptocurrency space? read to know how you can get started.
So how do you make money in the cryptocurrency space we are going to show you a few ways in this you can do this and some of the most common ways that people are making money right now. We’ve been investing in cryptocurrency since 2013. We’ve done considerably well in this space and we know what’s working right now and how you can go ahead and do this.
Now, this is going to be a very quick tutorial perfect for beginners showing you how you can earn with cryptocurrency. Before we jump into this tutorial something important that we need to tell you is that you should always store your cryptocurrencies long term in a ledger wallet or an offline wallet.
we’re not promoting this or anything like that this is just something that you should be doing if you are trying to get into the cryptocurrency space. So if you want to learn more about that you can go to LEDGER to learn more about what these do and how you can hold your cryptocurrency offline with these specific devices.
1 Making money with Crypto is to build a Crypto portfolio
Number one now this isn’t the number one way this is just how we’ve done it this is in no particular order but the most common way to make money with crypto is to build a crypto portfolio. Now what you can do if you’re completely new to crypto is you can get a website called coin market cap.
You can go down and you can see all of the top cryptocurrencies by their market capitalization so you’ve got like your Bitcoins your Ethereum that’s you know like the blue-chip stuff. The main that the top stuff you got Solana which is becoming very very popular you got Cardano.
We sold a lot of Cardano recently not released that anymore and then you go down you’ve got all of these you know coins that you should probably do a lot of research on because a lot of these could potentially be garbage.
This is just our opinion based on our research these are pretty good but you should also always do your research and only invest or you can afford to lose because Bitcoin and Ethereum and stuff are very volatile as you can see.
Here we’ve had some pretty red days lately this could also be a good buying opportunity so do your research and decide whether you should be buying these or not. Now to build a portfolio it’s kind of the same as stocks you just buy in when you’ve got the money when the markets are down you can dollar cost average in doing that you can use websites like Coinbase.
Coinbase is pretty much the one that everyone goes to when they are a complete beginner and they have the ones that you can buy on the front page and you can simply start an account. You can also use Binance which is another one this is a pretty good one we use this one sometimes to buy our um coins and put them in our offline wallet.
You can see the market trends here as well one that we use a lot is called Bitex global. We can log into my account and you can see they’ve got all of the information here so what you can buy in exchange and stuff like that. Essentially all you’re doing when you’re trying to build a portfolio is you’re researching cryptocurrencies that you know want to invest in.
2 Crypto Mining from your graphics card or GPU
You know you need to do research don’t just buy whatever people tell you but you want to build up a portfolio. You can build your cryptocurrency portfolio the next one is one of our favourites and that is Crypto Mining from your graphics card or GPU for short from your PC.
You can come to a website called Minerstat. You can go to the calculator and you can find your graphics card here this is how much you would make per day from one graphics card that you have.
So it’s a good way to make a little bit of cryptocurrency on the side if you’re not using your pc. Now if you want to know how to set up this and get everything running if you go to youtube and put in mining Ethereum our video is at the top We have a full video tutorial showing you exactly how to set this up.
It just depends on the price and how many people are mining Ethereum but this is a really good way to make cryptocurrency. If you have some graphics cards or one graphics card or you want to buy some more graphics cards to mine Ethereum.
Ethereum is the most profitable and it has been for a long time and it still will be for some time and now they are changing it in the future and we think raven coin.
When they do change the Ethereum raven coin will be the next most profitable one because this is going to prove a stake at some stage you won’t be able to mine it. But we’re not sure when that’s happening they’ve been saying this for a long time and it just keeps getting delayed. But anyway mining is a very good way to make money with cryptocurrencies.
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3 Become a Crypto affiliate
This is called affiliate marketing affiliate commissions from people buying coins we get a commission from it. So for example this is the Binance affiliate program page. If you recommend Binance to your audiences you earn up to 50-lifetime commissions on every qualified trade. Now we think that’s 50 and just the fees so not like what they buy and all the information is down so it’s got the commission structure down.
It’s like referral marketing but it’s called affiliate marketing so essentially what happens is you will get a custom link if someone clicks on that link and makes a purchase you will get a commission. So you’ll get a part of the fee that they get charged.
For example, XYZ has got a free 10 bonus on Coinbase if we click this link it will take us through to Coinbase and if we sign up we will get a free ten dollars but XYZ will also get some money in return in the form of cryptocurrency.
So into Coinbase.com and all you’ve got to do is scroll down to the bottom. Now you can click on affiliate every website pretty much has an affiliate page and it will take you through the process of becoming an affiliate for Coinbase.
You can do this for pretty much every single cryptocurrency exchange becomes an affiliate promote Coinbase earn a commission so these are just two of the ones that you could sign up to Coinbase.com and also Binance.com have their affiliate marketing program.
The way you promote these affiliate links is by doing youtube videos, you can do blogs, you can do email marketing, you can do lots of things to get traffic to those custom affiliate marketing links. You can apply that to promoting these types of platforms so that’s how you can make some more cryptocurrency with affiliate marketing and this is great for beginners.
4 Earn Interest in Cryptocurrency
Now another way to make money with cryptocurrency is you can earn interest on your crypto. We don’t think that day trading is the best thing for beginners because you need to know what you’re doing so we did miss out on day trading in this but day trading is something you could look into if you like where.
Essentially you buy bitcoin low and you sell it high and you do swing trades and you time the market and you do all this crazy stuff right to make money.
So if you want to get into day trading you can potentially look into that there’s a couple of ways you could earn interest on your cryptocurrency we’ll look at two websites so let’s say you got some cryptocurrency and you want to earn some interest you can get a website called Nexo. For example, it’s kind of like a bank you put your cryptocurrency in here they have pretty high security.
We mean this goes against what we said at the start of with keeping your stuff in your wallet but they have military-grade security. You can earn around about 17 on your crypto if you scroll down on this website it’s got a scale showing you say. If you put ten thousand dollars into bitcoin with them in 36 months it could be worth eleven thousand nine hundred.
Now this has probably changed dramatically with the price recently we’re not too sure how this website works or how they calculate their interest return on investment but you can essentially make money by just having crypto on these websites kind of like bank accounts. Now if we go down this is the rate that they give you every single year you could look into this potential and earn some interest on your cryptocurrency.
Now another place you can do this is Binance and you can go to earn and there are lots that you can do you can do what they call staking and pretty much every crypto website exchange has this type of thing that you can do. So this one you lock it in so you can stake some of these coins but you have to lock it.
You lock it in and there’s all of these you can lock in and then just choose how many days and it tells you the per cent that you get so longer the longer days the higher the lower the return.
So this is a great way to make money with cryptocurrency in 2022. If you already have cryptocurrency that you can put into these staking systems and these things that give you interest in return. So that is a few ways you can go and make money with crypto.
You can build a cryptocurrency portfolio, you can mine cryptocurrency, you can become a crypto affiliate, you can also do day trading and things like that and you can also earn interest on your cryptocurrency. These are some great ways to make money with cryptocurrency. To make money in Cryptocurrency Open your free account from the below link and start your crypto earning.
Q. The best way to make money from Cryptocurrency explained
Ans. It’s a brand new year things are changing and we want to show you some of the best ways for complete beginners to go make money with things like bitcoin, Ethereum.
Q. Making money with Crypto is to build a Crypto portfolio
Ans. The most common way to make money with crypto is to build a crypto portfolio. Now what you can do if you’re completely new to crypto is you can get a website called coin market cap.
Q. Crypto Mining from your graphics card or GPU
Ans. You know you need to do research don’t just buy whatever people tell you but you want to build up a portfolio. You can build your cryptocurrency portfolio the next one is one of our favourites and that is Crypto Mining from your graphics card or GPU for short from your PC.