How to make money on the Crypto currency?

in #cryptocurrency6 years ago (edited)

Crypto currency is designed to simplify the payment of goods and services on the Internet, as well as to reduce the risks of fraud when transferring funds from one user to another. Today electronic money is not only a way to pay for something, but also a variant of earnings in the World Wide Web. Some of them require investments, while others are completely free.

make money 1.jpg

Contents:

  1. How to start earning money on a crypto currency?
    1.1 Step-by-step instruction "in simple words" - what you need for this
    1.2 Registration of a purse for crypto currency
    1.3 Blocking
    1.4 Crypto
    2 Income from buying and selling (trading on exchanges)
    2.1. Purchase on the exchange
    2.2. Buying and selling on different exchanges
    2.3 Long-term storage
    3 Crypto currency earnings on autopilot
    4 Earnings from scratch, (without attachments) or with minimal investments
    4.1 Bitcoin cranes
    4.2 Online Games
    4.3 Tasks
    5 Other schemes (without mining) - "for dummies"
    6 Investments - extremely profitable way of earning on the crypto currency

How to start making money on a crypto currency?
The step-by-step instruction "in simple words" - what you need for this
The first step is to understand the concepts of the crypto currency, its varieties, and possibilities. For example, bitcoin (BTC) is almost meaningless to be hacked on a home PC using a video card (due to poor performance), but tokens can be collected on cranes, received in games. Ethrium (ETH) - on the contrary, only on video cards, and you cannot earn coins on cranes or in games. For each crypto currency, a purse is provided. Without it, you cannot withdraw funds from the system. Today, many services offer electronic purses, but only trusted websites should be given priority. Registration of a purse for crypto currency considering that bitcoin has the highest rate of crypto currency, and then most of the services exist just to open the purse of this virtual unit. It is necessary to fall into fraudulent sites that steal personal data without providing anything in return.

Block

The official resource for the production of bitcoins. Through it passes the whole process of mining and all records of transfers of bitcoins in anonymous mode. Creating a BTC-purse, there is nothing to fear. The registration procedure is simple - just follow the prompts of the system.

Crypto

Russified service, which provides the opportunity to open several wallets for various crypto-currencies in one personal account. The site is convenient because it contains all information about virtual money courses in online mode, allows you to transfer tokens from one purse to another, provides information on exchanges and much more. The registration process is quite simple - you specify e-mail and generate a password in the system.
ETH-purse on these sites cannot be registered. To do this, you need to use the following services:
Exchange EXMO (exmo.me) - international exchange Crypto-currency, which has proved itself only from the positive side;
Exchange BitFlip (bitflip.cc) - a young, but rapidly developing an exchange, allowing creating a full-fledged ETH-purse;
the official site of the Etherium (ethereum.org) - the service offers to download to the computer the client of the ETH-purse. Experienced users note that the process of registration and installation of software provides high demands from the user's device and a long stage of installation. The only plus - the purse will be official.
Only after registering in the system and obtaining a purse of crypto currency you can start earning.
Income from buying and selling (trading on stock exchanges)
A common method of earning a crypto currency . The principle is based on acquiring tokens at a lower price and selling at a higher price when the exchange rate increases.

make money 2.jpg

There are several types of earnings (for the purchase and sale of crypto currency):

Purchase on the exchange

The user registers on one of the platforms (exmo.me; poloniex.com bittrex.com), contributes to the account and buys the crypto currency at a reasonable cost. As soon as the rate increases, the user sells the part or the amount in full. The difference is profit.

Buying and selling on different exchanges

The principle is similar, but it provides for an instantaneous operation. The rate of crypto currency inside the exchange is set by the administration of the service and may differ by several hundred dollars from the official one. For example, with the difference in the cost of 1 BTC on two exchanges of $ 100, you can quickly buy a cheap token on one site and instantly sell for $ 100 more on another exchange. Long-term storage Purchase of crypto currency and its storage in the wallet. Almost with 100% certainty, we can say that in six months or a year the course of any coin will be more expensive than today, which can be used without risks.
Currency exchange trading on the exchange provides for a constant monitoring of the exchange rate and the situation on the foreign exchange market, therefore it is fraught with risks of loss of funds.

Crypto currency earnings on autopilot

Earning of the crypto currency on autopilot in most people is associated with mining. The process envisages serious investments (at least half a million rubles) and excellent awareness in the subject. It is impossible to just buy a few video cards and start a mine.

The system needs to be connected, configured, registered at several services and run the process of mining itself. Without special knowledge, this cannot be done; otherwise, the costs will be in vain. Cloud mining is a simpler process involving the purchase of capacity for the production of crypto currency. Roughly speaking, the user connects him a tariff, on the basis of which coins will be extracted.

Proven cloud-based sites

1- hashflare.io;
2- genesis-mining.com;
3- hashing24.com.

Automatic earnings without any attachments is the use of referral links.

Almost every service has an affiliate program, the principle of which is to attract new users. It is enough to place several links in the thematic groups in order to receive passive income from earning their referrals.

Earnings from scratch, (without attachments) or with minimal investment
Earnings of crypto currency from scratch and without attachments means the following ways:

Bitcoin Cranes

Sites that pay Satoshi for guessing Captcha. This is the most simple and accessible way for everyone to earn bitcoins, practically doing nothing. If you use a computer, you can simultaneously "sit" on several services that charge coins every hour.

Online Games

A very convenient way to spend time and earn. The principle is based either on passing the level, after which the user is credited with Satoshi, or for viewing the advertisement during the game.
Tasks
Sites pay Satoshi for simple tasks: guessing captcha, watching a video, clicking on a link.
When registering on the site, you need to specify your bitcoin-wallet. The withdrawal of funds becomes available upon reaching a certain amount on the balance sheet.

Other schemes (without mining) - "for dummies"

Freelance (work on the Internet) is gaining popularity. And with the development of bitcoin, payment for services in this currency is becoming more in demand. This can also be earned by offering its services:
website development;
design;

work with text;

sale of goods.
All these services are paid in rubles, as well as in the crypto currency. In the future, the received funds can be disposed of differently - to continue working further, performing the usual activities; exchange the Crypto-currency for rubles or dollars; increase funds on the stock exchange.

Investment is an extremely lucrative way of earning money on the crypto currency

With serious capital, you can invest in popular coins - bitcoin and ethereum. Despite the constantly changing course, for longer periods of time, it is steadily growing. If you have a small capital, you can invest in inexpensive, but promising tokens. Plus, having spent 3-4 thousand rubles on buying several hundred coins, in a year or two you can be a millionaire. A promising coin can be attributed to Ripple (XRP). Its rate for 3.11.2017 was 12 rubles. At the beginning of February 2018 - 63 rubles. The gain is more than 5 times. At the same time, it should be taken into account that the maximum take-off of the exchange rate was 193 rubles when it was possible to sell the coin profitably.

signature.gif

Sort:  

Congratulations @shoaibsajid! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

SteemitBoard Ranking update - Resteem and Resteemed added

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @shoaibsajid! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The Steem community has lost an epic member! Farewell @woflhart!
SteemitBoard - Witness Update
Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!