Cryptocurrency is still an emerging market, with many opportunities.
Many people think they can only make money through buying and selling, but that is not the case!
Today, Big B will introduce 10 ways to make money, some do not require spending money, while others need an investment;
There are simple ones and there are complex ones.
In short, finding what suits you is a good method!
1. Claim airdrop - Get coins for free
What is an airdrop?
It is when the project team gives away coins for free, there are two types:
- Active: Complete tasks to exchange for coins, such as registration, interaction, etc.
- Passive: Just hold a certain coin to receive rewards
How to operate?
Pay more attention to KOLs' social media, join Telegram or Discord groups, they will share quality projects. Each project has a detailed tutorial, so don't worry about not knowing how to play.
Who is it suitable for? Beginners, those with time but not willing to invest money.
Pros and Cons: Free coins vs. time-consuming, low success rate.
2. Earn coins through gaming (X to Earn)
Earn coins through playing games, exercising, watching videos, writing articles, and more. For example, popular games like Axie Infinity, STEPN.
How to operate? Prepare a wallet and connect to the project's official website to get started.
Who is it suitable for? Gaming experts, fitness enthusiasts.
Pros and Cons: Entertainment + earning money vs. need to buy equipment, rewards will decrease.
3. Social earning (SocialFi).
Earn coins through social activities, such as creating content, liking, commenting, etc.
How to operate? Creators can post content on Mirror, Twitter to receive tips; regular users can earn platform tokens through interaction on other platforms.
Who is it suitable for? Influencers, social butterflies.
Pros and Cons: Everyone can participate vs. token price differences, harder to get tips without fame.
4. Create NFTs.
Turn your art into NFTs and sell them. A young man from Indonesia turned his selfie into an NFT and sold it for 400 ETH!
How to operate? Prepare original works and a wallet, and upload them to platforms like OpenSea.
Who is it suitable for? Those with artistic talent or recognition.
Pros and Cons: Low barrier to entry, diverse formats vs. possible lack of buyers, requires Gas fees.
5. Mining with mining machines.
Use professional equipment to mine Bitcoin and other cryptocurrencies, you can buy mining machines or outsource to a third party.
How to operate? If outsourced, just provide the wallet address; if mining yourself, you need to find a suitable location and set up equipment.
Who is it suitable for? Institutional investors, those with cheap electricity resources.
Pros and Cons: Stable returns, passive income vs. high initial investment, long payback period.
6. DeFi mining.
Provide liquidity, lending, and other services to decentralized financial platforms to earn rewards without needing mining machines.
How to operate? Find the DeFi official website, choose the corresponding product based on the coins you hold, and pay attention to risk control.
Who is it suitable for? Professional financial experts.
Pros and Cons: Generous rewards vs. high professional requirements, high risk.
7. Earn interest on coins.
Like bank deposits, store coins on the platform to earn interest, with both flexible and fixed terms available.
How to operate? Find related products on platforms like Binance, OKEx and apply for them.
Who is it suitable for? Long-term investors, HODLers.
Pros and Cons: Simple operation, low risk vs. lower returns.
8. Buy low and sell high.
The simplest method, just like stock trading, buy low and sell high to profit from the difference.
How to operate? Register, authenticate, deposit, and trade on the exchange.
Who is it suitable for? Trading enthusiasts (short-term), beginners (long-term).
Pros and Cons: Low barrier to entry, simple operation vs. requires trading knowledge and patience.
9. Futures contracts.
Use a small amount of margin to open leveraged trades, can go long or short, high risk-high reward.
How to operate? Choose a trading platform, monitor market trends to trade.
Who is it suitable for? Aggressive investors willing to take high risks for high returns.
Pros and Cons: High leverage, two-way trading vs. extremely high risk, potential liquidation.
10. Arbitrage.
Utilize price differences on different platforms, buy on low-price platforms and sell on high-price platforms to profit from the difference.
How to operate? Register on multiple platforms in advance, and act immediately when price differences are found.
Who is it suitable for? Professional users with large funds, sensitive to prices, skilled in operations.
Pros and Cons: Low risk, stable returns vs. few opportunities, need to be quick.
Final summary.
There are many ways to earn money with cryptocurrencies, the key is to find what suits you.
Beginners can start with airdrops and earning interest on coins.
Those with some foundation can try DeFi mining, buy low sell high; professionals can consider futures contracts and arbitrage.
Remember, all investments carry risks, and acting within your means is most important!
