Every one is looking for making money from crypto but you need right guidelines to make your dream true.
1. Trading
This is the basic act of strategically buying and selling cryptocurrencies to make a profit. However, you need to grasp the volatility of crypto. One minute, your coin is high flying, the next, itâs down by over 80% in value. Yes, the crypto market is that volatile and expertise is the difference between knowing if a dip is a correction in the market or just part of the daily volatility.
You need to be skilled and attentive to the market to make money through crypto trading. Understand how to read crypto signals/ performance charts, and then make informed decisions based on experience and research.
With time, youâll become good enough to make more than $100 daily through trading. However, it requires much practice, time and experience to master the art. Buying crypto on Binance is a good place to start.
2. Mining
Mining is one of the easiest ways to make $100 without trading. It does not require any technical skills or market understanding. However, a mining rig is not cheap to establish and acquiring the required hardware could be a challenge due to global chip shortage. The process refers to when new transactions are locked into the blockchain by solving complex mathematical problems. The first computer to solve the problem verifies the transaction and receives crypto as a reward.
3. Peer-to-peer lending
Binance P2P Trading
With peer-to-peer lending, you can lend the cryptocurrency you have and in turn, get a reward. This allows you to profit without ever selling or trading your coins. The process is guarded by smart contracts for security.
4. Investing
Making a profit off investing in cryptocurrencies is all about buying and holding. The growth potential of the crypto market at large is huge, so holding crypto coins in the long term may see their value appreciate and you cash in on profit.
With crypto investing, you do not need to be worried about daily or weekly charts and market fluctuations. This is why we recommend that you focus on stable cryptos such as Ethereum and Bitcoin when investing.
5. Staking
Still wondering about other means to make $100 a day trading cryptocurrency? Staking is one of the easiest ways to build passive income and increase your chances. With staking, you store your cryptocurrency in a specific wallet and dedicate it to a network. That network then makes use of your crypto to validate the transactions held on it and pay you interest in return.
