Cryptocurrency is the buzz of recent finance market. Investors tend to invest here because of the lucrative return of the investment despite the usual volatility of the crypto market. But all ways are not the right ways to earn here except you are a crypto wizard.
Are you interested in investing in the crypto market? If yes, you have chosen the right venue because you can earn unlimited here in a short period. But, there is a big BUT. You need to select apparently the safer ways to protect your investment in the crypto market.
But before that I have to remind you that the year of 2018, crypto slowly seems to be dying, mining in cryptocurrency isn’t that much profitable anymore, and we can see the downtrend for ways of earning in cryptocurrency. If we look at the trading, that too not seems to be any hope with the whale manipulating market making losing the faith of new traders.
Worry not! We have suggested here a few tested ways, which will help you to plan your investment strategy in the crypto world of trading. Here top ways are described, which are good enough to earn money from the crypto market, subject to your skill and knowledge of market understanding.
Before you begin: Know the Risks Before Investing in Cryptocurrency
Top ways to earn money from cryptocurrencies in 2019
First, let’s look at the crypto market trend for the year 2018. We can clearly recall the bearish downtrend in crypto in this entire year.
If we look at the cryptomarket for 2017, we can clearly see that the trend that was at the boom— crypto was something new for everyone and hence end up raising market capital at no cost.
If you are a day trader; trading crypto and eventually ending up a good profitable trade then the only way of getting the profit then you might already loosen up your faith with the red market of the crypto.
So let’s discuss the ways to earn money in cryptocurrency, considering these points mentioned above.
1. Stay Away from ICOs
From now on we all know what the ICOs in crypto are mostly fake. Even a study shows that 80% of ICOs are fake — since there is a lack of regulations.
Check out the cumulative for ICOs from the past 2 years, you can clearly see at the rightmost it going to be consolidated, means 2019 is not for ICOs anymore.
Trust me, when ICOs introduced in 2017 it sounds legit and easy way of making money. I even invested in a bunch of ICOs. But truly none of them got success. The puzzles are just not fitting at this place.
You might like: Best Ways To Identify Scam ICO & Get Your Money Back
But if you are still planning to get into ICOs, you might check out this article.
2. DApps are the future of Crypto
DApps or Decentralized Application, on the other hand, have a huge uptrend in the future of crypto and blockchain. Since they based on the smart contract and decentralized platform — means even the developer can’t control the project once it’s deployed.
The DApps allows a way of using a crypto asset as a utility rather than security.
I know some of the projects which are greatly written in blockchain and are truly decentralized.
Few of them are;
- cryptokitties
- Ethlance
- uPort
- IDEX
- gandhiji.io
3. Buying and holding the coins
This is one of the easiest ways to make a profit in the crypto market. You need to invest in potential cryptocurrencies and hold them until you get a good margin on your investment. But to be successful in this investment planning, you need to pick the most potential coins.
Online research is the best way to understand the current potential of crypto coins trending in the market. Some of the all-time hits are
- Bitcoin,
- Litecoin
- Ethereum, etc.
However, you should take the buying and holding decision of Cryptocoin/stake owning according to crypto bazaar analysis. You should plan your coin holding on the basis of research on the market, and strictly not on impulse.
4. Staking cryptocurrency
Staking is a sure shot way to earn from the financial market. It is applicable for the crypto market as well. It’s an investors’ favorite way because there are dual benefits of this investment program.
- Price appreciation for holding the crypto asset
- Additional return for staking coins in the form of dividends.
Staking is fundamentally a stereotyped process. It allows an investor to hold Cryptocoins 24×7 in a virtual wallet. The process creates an opportunity to earn new additional coins as the reward for staking and at the same time you can earn a reward for securing the designated blockchain network. Some notable coins you can trust for staking are:
- Neblio
- Komodo
- PIVX
- Decred
- NAV Coin
- BirdgeCoin
However, the crypto market is exceptionally volatile. Before you start staking you must do own research and then select crypto coin for investment.
5. Doing micro-tasking in crypto network
If you have some spare time in your hand, you can invest the same in the crypto bazaar and earn some rewards. You have to do some minor tasks like downloading new apps, watching videos, completing an online survey, etc. while staying in a crypto network. You can earn some crypto bonus by doing these small tasks called microtask.
Although new service providers are available in the market, all of them are not reliable. Some networks/website that you can use for earning crypto by doing micros tasks are
- Coinbucks
- Bitcoin rewards
- Bituro
6. Day trading of cryptocurrency
Do you love FOREX? Are you good at market analytics? Do you understand technical charting? If yes, day trading is the right niche for you for earning from the crypto market. Different DEXs (decentralized exchange) allow the investors to do the day trading perfectly. Some of the trusted DEX are
- Binance
- Cryptopia
- KuCoin
The plan of day trading is straightforward. You need to buy at low and sell when the price is high. Prior knowledge of technical charting and market understanding will help you to earn your profit.
You must check out our Trading Article Series
7. Invest time in working for cryptocurrency
This opportunity is open for all who have knowledge and interest in the crypto market. Regardless you are a developer, a tester, or a designer; you can work for cryptocurrency and earn money. The best part of this working opportunity is the availability of multiple platforms and websites where you can invest time and bandwidth.
Some of the trusted platforms for cryptocurrency related work/assignments for earning money are:
- Jobs4Bitcoins
- XBTFreelancer
- Coinality
- bitWAGE
- CoinWorker
- Angle.Co
- 21.co
Some of the trusted crypto coins are Bitcoin, LiteCoin, Monero, Ethereum for which you can work for and earn a crypto bonus.
8. Earn from cryptocurrency as a merchant
Typical benefits of dealing with cryptocurrency are its decentralized workflow, anonymous character of the transaction, safety, and complete security, etc. If you are a merchant, you can enjoy all these benefits and earn profits.
Alternatively, you can earn by arbitrage. This is the trading of cryptocurrency. You can buy it at lower price from one exchange and then sale it to another exchange at a higher price. This is called selling spread. Depending on your market knowledge and calculated risk, you may earn between 5% and 40% of the spread.
Exchanges like Bittrex and Poloniex provide such opportunities more often.
I know one of my friends selling steam games for bitcoins and earning quick enough from margins. You can buy/sell good and products for the cryptocurrency. Check out this, “Using Bitcoin to buy Games”, you can use this trick in the other way means selling and can earn in crypto with your margin profits.
9. Earn by blogging from cryptocurrency websites
You may earn money by blogging and writing on websites: these websites pay by cryptocurrencies. Or else, you may monetize the content by submitting them on different websites. Some of the most popular platforms in this category are:
- Y’alls
- Steemit
- Yours
10. Cryptocurrency mining
Crypto mining is another trusted way to earn money online. This earning arrangement needs some investment. This includes the equipment for mining like GPUs, ASIC, and relevant hardware. Furthermore, you need to invest in electricity, high-speed internet, and some technical know-how to maintain software and hardware mining equipment.
However, the quantity of earning from this is not that significant in coming years, and that is why it is not that popular between investors for investment purpose.
With the increase of difficulty in mining cryptocurrency and with less side of coin surge, it is now turning out to be unsustainable for the growth of blockchain.
You can see Home miners are quitting and a downtrend for the mining in cryptocurrency.
However, crypto mining is not an easy way to earn. You need to have solid knowledge of the crypto market. You can refer to our Crypto Mining Article Series.
These are few cryptocurrency which are still profitable to mine, some are;
- Monero
- Zcash
- Litecoin
- Ethereum
Trivia
These are the top ways to earn from cryptocurrency. Earning from cryptocurrency may sound an easy way, but in all ways, you have to have a solid market knowledge and understanding power of market trend. This knowledge can be gathered either by studying the crypto market or by following an expert’s analysis.
Cryptocurrency is counted by the financial market specialist as the currency of future. If you can understand the ways to deal with cryptocurrency, it will indeed be a boon for you.
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Welcome to community of bitcoin and cryptocurrency, CryptoKosh.
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