HOW TO MAKE MONEY ON CRYPTOCURRENCY

Reading Time: 3 minutes

Cryptocurrency or crypto as many calls it, is a digital currency that is used to purchase goods and services

HOW TO MAKE MONEY ON CRYPTOCURRENCY

HOW TO AUTOMATICALLY TRADE CRYPTO WITH ROYAL Q BOT

Crypto uses an online ledger with very strong cryptography to secure online transactions.

TYPES OF CRYPTOCURRENCY?

There are many types of cryptocurrencies out there in the market mainly

  • Bitcoin: Bitcoin is said to be the father of all coins out there in the market. Bitcoin was created in the year 2009 January to be precise by  satoshi nakamoto which is the name used by the presumed pseudonymous person(s) who developed Bitcoin. Bitcoin was valued at the rate of $0 around 2010 but now Bitcoin has traded to as high as $63k.
  • Ethereum: Ethereum is said to be the second worlds biggest crypto currency after Bitcoin which came into existence in the year 2015 by Vitalik Buterin.  Ethereum started below $2 but has traded up to $4k
  • Ripple: xrp which is referred as ripple was founded by Chris Larsen and Jed McCaleb in the year 2012. Ripple (xrp) started trading at the rate of $0.01.

Other crypto-currencies are:-

  • Litecoin (LTC)
  • Bitcoin cash (BCH)
  • Doge coin (DOGE)
  • Tether (USDT)
  • Cardano (Ada)
  • Eos
  • Steller
  • Binance (BNB)
  • Tron (TRX)
  • Dash
  • Cosmos (ATOM)
  • Hot
  • Pancake (CAKE)
  • Binance usd (BUSD)
  • Chainlink (LINK)
  • Polygon (MATIC)
  • Theta (THETA)
  • Ethereum classic (ETC)
  • Shiba Inu (SHIB)
  • Kucoin (KUC)
  • Polkadot (DOT)
  • Uniswap (UNI)
Related:  Full Details On What is Cryptocurrency and how to invest in it: Top 5 Best Cryptocurrencies To Invest in 2022

HOW TO MAKE MONEY ON CRYPTOCURRENCY

There are many ways to make money through crypto but we are going to discuss only but three which are:

HOW TO MAKE MONEY ON CRYPTOCURRENCY

  1. Hodl: you earn crypto by holding coins for long term. This method is only for those who can wait patiently for years for a particular coin to grow more than the amount invested.
  • Airdrop: this is what they calls free money in cryptocurrency, where you accumulate tokens for free or with a very low gas fee to your trust wallet or coins site, then sells when the coin gets listed on public exchange.
  • Trading: crypto trading is all about buying and selling of coins through exchange or speculating on price movements via CFD trading. In crypto there are two major trading in crypto.
  1. Spot trading: in spot trading you buy coins when it dips/dump then sells when it pumps/increase. In spots trading you are a legal owner of the coin been traded.
  1. Futures: futures trading is also called futures contract which is an agreement to buy and sell coins at a predetermined price at a specified time in the future, between two parties not known to each other. In futures you don’t own the coins.

Crypto-currency is so risky but so lucrative 

You can save your money on cryptocurrency

HOW TO MAKE MONEY ON CRYPTOCURRENCY

WHERE TO TRADE, STORE AND BUY CRYPTO

  1. Trust wallet: binance crypto storage app

  • Metamask: trustwallet look like app for storing of coin but have more features than trustwallet.
Related:  How To Get Free Cryptocurrency

  • Binance: world most crypto exchange app where you can trade, buy and sell your coins

  • Exodus: for storing

  • Pancakeswap: for swapping, of coins

Note: crypto trading is so sweet if you take the right measures. Trade with signals, don’t just trade crypto without a better understanding of how the market moves, instead hodl coins

COINS TO HODL

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Ripple (XRP)
  4. Tron (TRX)
  5. Cardano (ADA)
  6. Dogecoin (DOGE)

Etc.

For more information on how to trade, buy, sell and accumulate airdrops you can message us through the contact us page.

2 thoughts on “HOW TO MAKE MONEY ON CRYPTOCURRENCY”

Leave a Reply

error: Content is protected !!
%d bloggers like this: