Mika
VIP Contributor
Mining and investing are two main ways to profit from cryptocurrencies. When you mine crypto like Bitcoin or Ethereum, or any other cryptocurrency, you will create a new coin and you earn miner’s fees. When you invest in cryprocurrency you will profit when the price goes up, for example, if you buy bitcoin now for $38,000 and if the price goes up and becomes $40,000, you will profit $2000 from Bitcoin investment. However, mining and investment are not the only ways to profit from cryptocurrencies.
Crypto Trading
Crypto trading basically means you are buying and selling crypto frequently. You don’t wait for a long time for the price to go up, you will start selling even when there is a $1-$2 increment in the price. When you are selling in volume, you can make a lot of profit.
If you have just started out, crypto trading can be very confusing. You might be unable to decide on which currency you should buy and when to sell
Crypto Staking
If you are confused with crypto trading, you can try crypto staking. Actually, if you are holding a lot of crypto assets, staking is the best option to grow your crypto assets as a newbie.
Yield farming
Just like crypto staking, you can also yield farm your crypto and earn profits on your crypto assets.
Crypto Trading
Crypto trading basically means you are buying and selling crypto frequently. You don’t wait for a long time for the price to go up, you will start selling even when there is a $1-$2 increment in the price. When you are selling in volume, you can make a lot of profit.
If you have just started out, crypto trading can be very confusing. You might be unable to decide on which currency you should buy and when to sell
Crypto Staking
If you are confused with crypto trading, you can try crypto staking. Actually, if you are holding a lot of crypto assets, staking is the best option to grow your crypto assets as a newbie.
Yield farming
Just like crypto staking, you can also yield farm your crypto and earn profits on your crypto assets.