Here’s How to Make Money with Cryptocurrency: A Beginner’s Guide

You heard about cryptocurrency and how many profited from it. Fortunately, cryptocurrency is for everyone not only for the elitist traders as you originally thought. If you want to try your luck, you should learn how to make money with cryptocurrency.

To help you get started, here’s how to make money with cryptocurrency:

Option 1: Buy and hold

The first option to make money is to buy and hold. In this option, you purchase a cryptocurrency, wait for the price to go up and then sell it at a higher price. When you look at it, this is the best and the easiest way to make money.

The challenge here is choosing the type of coins to invest in. Remember that in cryptocurrency, there are many coins. Experts recommend that you stick to 4 coins – bitcoin, litecoin, ethereum, and ripple. These coins have been around for a while.

If you are ready to buy, you should visit https://www.unidax.com/index/en_US/ or any platform you are comfortable with. There are many platforms you can consider but you have to be vigilant when choosing. You should look into the transaction fees, security, and ease of use.

Option 2: Hold for dividends

Aside from visiting https://www.unidax.com/pages/en_US/feature.html or any platform, the next option here is to hold the cryptocurrency just for dividends. This option worked for many because in this arrangement – you just hold and keep it in circulation. At the end of the day, you will receive dividends.

Option 3: Mining

Mining should be included in the options because it is one of the best methods of making money plus it is extremely passive. It is passive in the sense that you just need to invest in the equipment, have it set up and then allow it to run.

While this sounds easy, you should be aware that there is one issue you have to address – investing in the equipment. The equipment should boast of extremely high-end hardware because it needs to solve complicated mathematical problems.

As you go along, the problems get harder so if you do not have the right system, it can take time to solve things. Keep in mind that the better the hardware, the faster it can create coins. In the end, this could allow you to make more money.

Option 4: Microtasks

You can also try microtasks, which refers to small services. These small services will allow you to receive payments in cryptocurrency. Though small, it is better than nothing. The most common microtasks include an online survey, debug a website, test an app and many more. For instance, single microtasks on average will pay out 0.00001426 BTC.

Option 5: Work

Aside from microtasks, some employers are happy to pay a full-time job in cryptocurrency. You can work online, which is a good way to make money. Aside from online works, you can also consider blogs that pay writers who want to work in cryptocurrency.

Option 6: Faucets

You have to be aware that there are different apps or websites that offer bitcoins as a form of reward for accomplishing a specific task. These apps or sites are called bitcoin faucets. The good news is that there are myriad of faucets online.