Cryptocurrency and making money

[Finger Geek]

Cryptocurrency is a type of digital currency used in transactions, payments and banking. It has its own blockchain, a distributed and encrypted digital ledger. The main application of cryptocurrency is payment system and currency conversion. It's gaining a lot of popularity worldwide.
The main appeal of cryptocurrency is that it's digital and decentralized. This means that all transactions are made by computer algorithms, without the need for a third party. These characteristics make cryptocurrency convenient, but there are also security issues when dealing with virtual commodities. For instance, when dealing with cryptocurrencies, make sure you keep your personal information secure and don't send money to strange persons or addresses.

Cryptocurrency is also global in nature; there are over 1,000 banks and companies providing services for the cryptocurrency market in 2017. Most banks have their own cryptocurrency departments, which are responsible for creating new coins and maintaining existing coins. They also ensure the safety and transparency of all operations related to the coin such as buying, selling, storing and mining them. There are even seminars for bank employees so they can learn about cryptocurrency and its implications for their business model.

Many people make money from using cryptocurrency as an investment product or payment system. For example: you can buy cryptocurrencies with a credit card or through an online exchange like Coinbase or Binance. Then you can sell them to make money or use them in transactions like payment systems or buying goods online. There's also mining, where you use powerful computers to process transactions or create new coins. You can then sell those new coins to make money back or trade them on different currency exchanges for money.

 

[saoussen5765]

@Finger Geek I relaize that you cannot purchase with a Payoneer debit card either plastic or virtual from Binance. Coinbase isn't supporting buy with credit card for big majorities of countries. For purchase from Binance you have to deposit from Payoneer to AirTM then trade AirTM for XML then cash out to Binance account.
Alternativelly for buying goods most of merchants accepts paying with a debit card rather than carry out the transaction with crypto currencies because of its volatility.
However crypto earnings are good for beginners and intermediate for process and carry out various kinds of transactions like for daily bills or daily utilities.
It is true that crypto is illegal for some banks while other countries legalizes the use of the crypto I hope this problem could be resolved in the future.
Many sites adopts payment in crypto for most of the purchases.

 

[Gaa7829]

yes, we cannot purchase with a Payoneer debit card, the banks do not trust Payoneer. There are too many fake accounts.

 

[Shaf]

There are many opportunities to make money from cryptocurrency. Some people have made fortunes during the last bull run, some make a living trading cryptocurrency on a regular basis.

The volatility involved makes cryptocurrency a very attractive source of income, but it makes it so risky most investment managers avoid dealing with it. This is especially so for those who trade futures or use leverage when trading.

Another way people make money is through staking their coins. This gives them certain privileges and they also earn interest on it. Some new projects airdop their tokens to stakers too, and this can become a lot of money.

NFTs are another way to earn money with cryptocurrency. You can either mint it, or buy and sell it for profit.
There are okay to earn games like Axie infinity and Illuvim, walk to earn like StepN and even those that are free to earn like Puncoin.

 

[JasonCherry]

Trading cryptocurrencies is one of the main trends 2022. But learn it may be quite difficult. You should find a professional and just try to do it every day!