FintechAsia
No Result
View All Result
Monday, March 27, 2023
  • Home
  • All Hands on Tech
  • Business News
  • Crypto Facto
  • Start Me Up
  • Trading Days
  • Contact Us
FintechAsia
  • Home
  • All Hands on Tech
  • Business News
  • Crypto Facto
  • Start Me Up
  • Trading Days
  • Contact Us
No Result
View All Result
FintechAsia
No Result
View All Result
Home Crypto Facto

Beginners Guide to Cryptocurrency: Different Ways to Make Money With Your Portfolio

by pm_pub_ioe98
May 16, 2022
in Crypto Facto
0
Beginners Guide to Cryptocurrency: Different Ways to Make Money With Your Portfolio
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

So, you’ve joined the crypto world and bought a few coins, or you’re still thinking about it, and you need some convincing. You don’t know if you can earn money aside from using the coins to bet on different sports and tournaments like the Champions League betting. Therefore, you’re wondering if there are other safe ways to make money. 

Fortunately, many crypto exchanges and platforms now offer different ways crypto coin owners can earn money with their digital assets. In addition to that, many crypto projects let you earn money with your coins, directly or indirectly. You simply need to know where to look once you want to get started.

It doesn’t even end there because there are ways you can get cryptocurrencies even without owning any coins. The world of crypto is expanding, and we’re beginning to enjoy waves of exciting projects and trends that make it easy for investors to earn and share their wins with others in the industry. In that case, here are ways for you to make money with cryptocurrencies.

Crypto Lending

 

You can lend your crypto for profit on many crypto exchanges out there. Once you have enough digital assets and you’re not ready to sell any part of them, you can simply lend them out to the exchange that then uses them as loans to other investors. Since they take interest from the loan, you’ll get a percentage as long as your money remains in the ecosystem. 

The good thing is that it works the same way as fiat lending, where you will receive interest on the money you lend to companies. But in this case, you don’t need to have a massive bank account before you can start lending. All you need is to have enough to enter the minimum required fee, and you’re good to go. 

Staking, Yielding, and Farming

These concepts are almost similar to lending as they also involve putting your money in the ecosystem. You can stake your coins for profit, which simply means putting your coins into the liquidity pool of the crypto exchange system. Thanks to the liquidity pool, exchanges have enough money to perform transactions.

As a result, you’ll start earning money on your staked coins as long as they remain in the pool. The only downside is that there is a limit to the amount you can stake, and for some cryptocurrencies, it can be quite low because of how they are set up. It is also almost the same principle for yield farming. 

Crypto Vault

As you can put your fiat currency into a fixed deposit, you can also store your crypto in a vault that will yield a return for you throughout the holding period. You can use different exchanges to do this, and a good recommendation is the Binance Vault. There, you’ll have access to some exciting returns.

Once you decide that you’re not ready to sell your coins, you can keep them in a vault where you’ll enjoy such bonuses and multiple returns on your investment. You can even use it for safekeeping to avoid the temptation of selling when there is a major crash. That way, you can achieve your goal of leaving your coin for a long time while you make a profit. 

Spot and Futures Trading

Although these come with a high level of risk, it is possible for you to also earn money through them. You can even earn massive returns compared to other methods listed in this piece. It is similar to FOREX and Stock trading, where you buy and sell digital assets or trade currency pairs.

However, before you jump into it, you need to be sure that you have what it takes to do any of them. In addition to that, you should understand the risk that comes with these methods before you step into them, as they can be very risky. In that case, you want to take the time to check the tutorials different exchanges provide. 

Airdrops and Giveaways

Another way to earn from cryptocurrency is to hunt for airdrops. With many projects dropping daily, you can be lucky enough to get access to different airdrops and whitelists. Once that happens, you don’t need money to buy the coins because you’ll automatically earn money once the coins get listed on any top exchange. 

In this case, you need to be good at hunting, and you must understand that there are different ways to find the best drops. Therefore, take the time to research airdrops. Finally, you can also enter a giveaway contest where you can get free coins already listed on top exchange platforms. 

 

  • Trending
  • Comments
  • Latest
What is the difference between fixed inputs and variable inputs? |

What is the difference between fixed inputs and variable inputs? |

February 2, 2022

Why Did My Pending Deposit Disappeared?

January 8, 2022
What Time Of Day Do Paypal Echecks Clear?

What Time Of Day Do Paypal Echecks Clear?

February 17, 2022
How do I uninstall Kubectl? |

How do I uninstall Kubectl? |

February 6, 2022

What Is A Good Credit Score Reddit?

0

Why Did My Pending Deposit Disappeared?

0

How To Pay Off Student Loans Fast Reddit?

0

How To Sell A Car In Tennessee?

0
5 Factors That Impact The Earning Potential of Pediatric Subspecialists

5 Factors That Impact The Earning Potential of Pediatric Subspecialists

March 27, 2023

How can NFTs and blockchain technology be used in gaming

March 25, 2023

Don’t Gamble With Your Safety: How to Stay Secure When Playing Poker Online

March 23, 2023
Why Are Online Casinos Gaining Popularity in GCC Countries?

Why Are Online Casinos Gaining Popularity in GCC Countries?

March 23, 2023

Recent News

5 Factors That Impact The Earning Potential of Pediatric Subspecialists

5 Factors That Impact The Earning Potential of Pediatric Subspecialists

March 27, 2023

How can NFTs and blockchain technology be used in gaming

March 25, 2023

Categories

  • All Hands on Tech
  • Business News
  • Crypto Facto
  • Finance
  • Start Me Up
  • Trading Days
  • Uncategorized

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

© 2021 FintechAsia.net

No Result
View All Result
  • Contact Us
  • Homepages
    • Home

© 2021 FintechAsia.net

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT