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How to Make Money with Cryptocurrency – 8 Best Ways

Over the last few years, cryptocurrencies have proven to be great investments and a trading market. And as the crypto market continues to develop and evolve, there are also new ways and strategies for retail investors to make money. In this guide we'll show you some of the most profitable strategies and techniques to make money with cryptocurrencies this year.
next big crypto
next big crypto

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Cryptocurrencies have become one of the most actively traded assets in recent years. The reasons are diverse: first, they are affordable, and you can buy millions of tokens by investing as little as $100. Another reason is that building a diversified portfolio with cryptocurrencies is easy. 

While, in most cases, people simply buy and sell cryptos to speculate on price changes and generate money, there are multiple other options to make money with a cryptocurrency. This guide looked at the best techniques and strategies to earn crypto.

8 Best Ways to Make Money With Cryptocurrency in June 2024

You may be tired of the traditional way of making money with crypto. If you are looking for creative ways to earn crypto other than simply buying and holding them below, you will find the best ways. 

  1. Invest Early in Brand New Projects at the Presale Stage
  2. Buying Established Crypto Like Bitcoin and Holding Long-Term
  3. Creating a Mixed Crypto Portfolio and Holding Mid-Term
  4. Staking Crypto in an Exchange
  5. Day Trading Cryptocurrencies
  6. Free Crypto Drops and Crypto Faucets
  7. Going All-in with Altcoins
  8. Crypto Lotteries and Casinos

Reviewing Each of the Best Ways to Make Money With Crypto

In the remainder of this beginner’s guide, we’ll look at the above strategies and how to start making money with cryptocurrency.

Invest Early in Brand New Projects at the Presale Stage

For those who can’t afford to invest in well-established crypto projects, there is an excellent alternative – new crypto projects. As the market proliferates, more projects are introduced regularly. Not all of them are promising or legit, but if you can find the best and invest in their development’s early stages, you can make massive money from brand-new projects. 

Before their official launch, it is common among the new crypto projects to conduct private and public presales. During these events, their native tokens are not yet official, but the developing team offers to buy them in the presale stage at low prices once the crypto is officially launched and sent to the presale buyers’ wallets. 

The main reason to conduct a presale event for a crypto project is to attract investments from early buyers and use that capital to develop the project. Meanwhile, investors can purchase the tokens at a low price. Early investors also may get several benefits, including free airdrops, subscriptions, access to various tools and services of the platform, and more. Many consider presales and ICOs the best way to make money with cryptocurrency in the shortest period of time.

Meanwhile, you can take the chance to participate in the giveaways organized by the new project and win prizes. Here are some of the best brand-new crypto projects we recommend investing in. 

PlayDoge – Trending Memecoin with a P2E Game Ecosystem

Investors have multiple ways to earn from the PlayDoge token, making it an enticing prospect. First, as the project gains traction, the value of PLAY tokens is likely to increase, presenting significant potential for price appreciation. The combination of a unique Doge-themed storyline and a nostalgic 2D Tamagotchi-style virtual world has already captured the interest of the crypto community, setting the stage for a promising future.

PlayDoge presale

Currently, during its presale phase, PLAY offers exceptional staking APY rates exceeding 500%, providing early investors with an attractive opportunity to earn substantial passive income. This high yield is available only to presale buyers, making early investment particularly advantageous. The staking rewards are designed to benefit long-term holders, enhancing the token’s appeal and encouraging commitment to the ecosystem.

As its primary use case outlines, investors can earn PLAY tokens by participating in the platform’s play-to-earn (P2E) games. By feeding, training, and playing with their virtual PlayDoge pets, players can help them grow and use them in various games to win rewards. This innovative gaming ecosystem not only offers entertainment but also tangible returns in the form of PLAY tokens, further boosting the token’s utility and value.

The PlayDoge project is built on solid tokenomics, ensuring long-term benefits for its holders. The contract code has been audited by SolidProof, providing an added layer of security and trust for potential investors. PlayDoge’s increasing community support has led to features on multiple major crypto news outlets, drawing attention from potential exchange listings. This exposure is likely to drive further adoption and increase the token’s value, essentially making it a great option to consider investing in right now to make money in the upcoming weeks.

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Dogeverse – Meme Coin Pioneering Chain Hopping

Dogeverse tops our list of the best cryptocurrencies if you want to make more money this year. Investors have already beelined for the Dogeverse presale, which has raised an impressive $6.38 million by the time of writing, and with the presale yet to end. The quirky, multi-chain meme coin is the first of its kind in the meme market and enables traversing five different chains.

With its innovative twist, the meme coin offers much scope to crypto traders with its chain-hopping feature. Originally developed on top of the Ethereum blockchain, Diverse now uses interoperable Wormhole and Portal Bridges to link six popular blockchains—Ethereum, Binance Chain, Polygon, Solana, Avalanche, and Base. The ERC-20 token is thus usable within a larger ecosystem, starkly contrasting to most meme coins restricted to a single blockchain. 

dogeverse meme coin

Based on interoperable bridge technology, Dogeverse’s multi-chain approach in the meme world is a novel development. Another benefit is its multi-use-case tokenomic structure, which allocates specific funds to ecosystem and project funds. Investors can feel secure knowing that the project prioritizes expansion and future diversification. The project is also following a thorough roadmap that outlines its goals for development and future plans. These and other features of the Dogeverse project inspire much investor confidence, making it one of the most profitable cryptocurrencies of the year to make money off.

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Sealana

Those looking to make quick gains by investing a minimum amount will do well by paying close attention to Sealana. This trending meme coin is offering one of the best ways to make money with cryptocurrency by giving 6900 SEAL tokens to those who send 1 SOL to the address given on the official website.

This simplified approach to presale doesn’t have a time limit, nor does it have any utility to speak of. The website is only a single-pager that talks about the “not-so-intricate” lore of Sealana, a South Park-inspired meme coin that mimics the same way degens react.

Sealana

Like degens are always on the look out for the next big short-term token, Sealana is a seal sitting in front of the screen waiting for the next big Solana meme coin.

The imagery Sealana portrays is quirky and beautiful, everything that meme lovers will like. Its low price point further enhances its ability to make money for investors since it is expected that once live, Sealana will behave like most meme coins: moving up rapidly on the price charts, raking in 10x gains for those who invest early.

Therefore, investors looking for an affordable investment with a high ROI should consider visiting sealana.io and checking out this presale.

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Wiener AI

WienerAI is a cutting-edge AI token that combines artificial intelligence, dog loyalty, and the allure of sausages to create a global movement. The project leverages the exceptional success of meme and AI coins in the current cryptocurrency market by introducing a distinct flavor through its “sausage army”. Thanks to this promising concept and a strategic roadmap, Wiener AI is a prospective investment for crypto fans looking to make money with cryptocurrencies. 

Wiener AI brings innovation to the dog meme coin market with its absurdity and quirkiness. Its success strategy includes toying with the concept of AI coins, another viral niche. The project’s robust and remarkable tokenomics framework is another highlight. Prioritizing liquidity and community involvement, it sets aside specific amounts for marketing, presale, stake, and community rewards. 

WienerAI

Weiner AI also offers a distinctive value proposition with the powerful Sausage Army and special staking rewards. The platform’s lucrative and reliable staking mechanism discourages pump and dump schemes and early sell-offs. The recently unveiled innovative Weiner AI project seeks to transform people’s perceptions of AI from just another tool to a reliable companion.

The Ethereum network serves as the foundation for Weiner AI, and the native WeinerAi token $WAI is an ERC20 token. With daily staking rewards to encourage early participation and investment, $WAI is currently in its presale. In just a few days, it has raised over $400,000.

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Mega Dice

Mega Dice is a crypto casino project that offers multiple ways for crypto fans to make money. With major profit potential for investors on the one hand and in-platform rewards on the other, Mega Dice must be on every crypto lover’s watchlist this year. 

The platform has a Curacao license and exhibits over 5,000 game titles from trusted providers like Evolution and Pragmatic Play. Additionally, players are in for a customized sportsbook experience and attractive casino offerings. The welcome package itself goes up to a whopping $500. Mega Dice does not require any KYC for its games. 

Mega Dice

Within just a year of its launch, the project has become a major player in the cryptocurrency gambling industry. This is evidenced in its presale, which amassed over $350,000 within a day. $DICE holders are eligible for staking rewards out of the pool of daily casino earnings. Token holders will also be eligible for early bird bonuses, a referral program that shares 25% of revenue, exclusive NFTs that can be exchanged for special rights, and full integration with the Mega Dice platform. DICE’s impressive initial presale numbers are even more exciting in light of their tokenomics and these future plans.

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99Bitcoins

The popular educational website 99Bitcoins has been educating users about cryptocurrencies for over a decade. It is now launching a revolutionary Learn-to-Earn platform built around the $99BTC Token. The novel project makes learning about cryptocurrencies enjoyable and rewarding for users by rewarding them for completing quizzes, interactive learning activities, and educational modules. 

Investors looking to make more money from crypto may consider 99Bitcoins for its various monetary benefits. Favorable market conditions and a possibly sustaining bullish sentiment mean $99BTC could see significant growth. This holds especially true considering the upcoming Bitcoin halving, creating demand for crypto and crypto education. 

99Bitcoins

Besides, 99Bitcoins directly deposits earned tokens into the learners’ Ethereum wallets as they progress through the course material and interact with the community. The tokens can then be exchanged for benefits like early access to premium content, discounts on partner products and services, and invitations to exclusive events.

99Bitcoins also offers users expert crypto trading signals besides educational resources, thus giving them a competitive edge in a volatile market. They can communicate with other traders, share information, and play alpha calls more effectively. 99Bitcoins has also introduced staking in its presale to incentivize investors with future profits. With 14% of the total token supply allocated to staking, rewards at dynamic rates will be given out over a two-year period. These myriad benefits for investors make 99Bitcoins a fairly promising draw for those looking to make money with cryptocurrency.

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eTukTuk – Sustainable Project Offering Attractive APYs

eTukTuk (TUK) emerges as a pioneering force in the crypto space, combining financial innovation with a profound commitment to environmental sustainability. At its core is the eTukTuk EV, a cost-effective and eco-friendly alternative to traditional TukTuks. Fueled by blockchain and AI, the project not only promises financial benefits for investors but also addresses the urgent need to reduce carbon emissions.

eTukTuk

Investors are drawn to the TUK token, a key player in the eTukTuk ecosystem. With a presale price of $0.026, it has already secured over $550,000 in funding. The unique model, collecting fees from drivers and rewarding partners and stakers, ensures a scalable global network. The current APY of 382% for early adopters adds an enticing financial dimension to the eTukTuk experience. For those looking for passive gains, it offers a good way to make money.

Beyond the financial gains, eTukTuk has tangible achievements. Strategic partnerships with the Sri Lankan government have led to the establishment of 200+ charging stations, promising a substantial 400% reduction in operating costs for drivers. The integration of Layer 2 opBNB from BNB Chain showcases the project’s commitment to efficiency and innovation.

In conclusion, eTukTuk stands as a dual-purpose dynamo, offering a holistic approach to financial and environmental sustainability. Joining the eTukTuk movement means participating in a paradigm shift that goes beyond traditional crypto investments.

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Buying Established Crypto Coin Like Bitcoin and Holding Long-Term

Perhaps, the best and the most popular method to make money with cryptocurrency is simply investing in a well-established or promising crypto project in the long term. Established crypto projects are backed with sophisticated plans, introduce new features into the industry, and try to solve real-world problems. These cryptocurrencies are not similar to speculative assets, which will lose their value once the trend ends. 

They are quite well-established and will gradually draw attention, growing their demand. If more and more people are interested in a crypto project and invest in it, its value will increase. Consequently, you will benefit from the increased price and generate good rewards in the long term. It is incredibly profitable to invest in assets with low supply. It works perfectly with cryptocurrencies as long as they are decentralized and no single party can decrease or increase their supply. 

Let’s take the example of Bitcoin: it was the first unique cryptocurrency. Bitcoin is the most valuable crypto and has the largest market cap. But in 2009, when Bitcoin first entered the market, it was traded for less than a penny. It was the first project to introduce decentralization, anonymity, and transparency into the payment system, so it drew massive attention. The demand for BTC rose over the years, and the prices soared. 

All Time Price Chart for Bitcoin

But the drastic increase in Bitcoin’s value was also associated with its scarcity. Bitcoin has a low supply: only 21 million Bitcoins can exist, most already mined. Its scarcity and the massive demand for it resulted in the growth of this cryptocurrency, and it hit its all-time high of $65.000 in November 2021. Currently, one BTC costs more than $19.000. If you invest in it right now and the coin gets even more attention by being applied for more real-world usages, the princess will increase again and bring you high value. 

Bitcoin’s Market Cap and Circulating Supply

Ethereum is another well-established project with great potential to bring you high rewards in the future. Its uniqueness is that it provides the most widely used decentralized platform for developers to build dApps, DEXs, and other DeFi products. Ethereum entered the market with a price below $1, but now 1 ETH is worth over $1,000. That level of return showcases how investing in the top altcoins can be the fastest way to make money with cryptocurrency.

Ethereum All Time Price Chart 2024

If you wonder how to invest in Bitcoin and make money or buy other well-established cryptos, you can use several leading crypto brokers and platforms to buy assets. Binance, Coinbase, and  are among the most popular brokers that provide an excellent user experience. All of these exchanges provide mobile apps and websites which are functional and easy to use. You can also use our buying altcoins guide to determine how to buy the most profitable cryptocurrency projects

Skill level: Beginner

Minimum investment: Low

Risk level: Medium

Potential profit: High

Time until you see significant profits: Long

Buy Cryptos Now

Your capital is at risk.

Creating a Mixed Crypto Portfolio and Holding Mid-Term

Another great way to make money with crypto is to build a cryptocurrency portfolio that is especially useful in risk management. Building a crypto portfolio means investing in some different crypto assets, including Bitcoin, the best altcoins, and even NFTs which are an emerging asset class all of their own. One of the most crucial things to consider when creating a crypto portfolio is to make it diversified. 

If you invest all your money in one coin, there is a higher risk of losing your capital when the asset crashes. But if you invest in multiple cryptocurrencies, you can reduce the risks of losing money even if some of your assets lose their value. If no massive crash in the market affects all the cryptos, your diversified crypto portfolio will go through minor crashes associated with two or three coins. 

There are two ways of building a diversified portfolio – investing in coins with different market caps and investing in versatile crypto projects or competing projects. Classified by market capitalizations, cryptocurrencies fall into three large groups – small-, mid, and large-cap. Large-cap cryptocurrencies are the most well-established cryptos: they are less risky, but the rewards are lower. In contrast, cryptos with small market caps include higher risks, and the rewards are higher too. 

When selecting a crypto exchange or a platform that will fit best to build a diversified portfolio, you need to select the one that supports many crypto coins, provides diversifying tools, and is secure to hold your cryptos. Binance, for example, supports more than 600 coins and NFTs and provides a great variety of trading tools. However, Binance has a complicated interface and is well-suited for advanced traders.

Binance is more suitable for beginners and amateur traders. It supports a significant number of tokens and has some fascinating tools related to portfolio building. 

Skill level: Medium

Minimum investment: Medium

Risk level: Medium

Potential profit: High

Time until you see significant profits: Medium

Buy Cryptos Now

Your capital is at risk.

Staking Crypto in an Exchange

If you have invested in cryptocurrencies that operate on the Proof of Stake blockchains, you may want to use them for extra rewards instead of keeping them idle. This process is known as staking and is one way to earn crypto using your assets for the time you will be holding them. You lock away a certain amount of your tokens for a specific time to participate in the network securing and transaction validation process. 

Among the most popular cryptocurrencies that can be staked are Tron, Cardano, Solana, etc. As long as Ethereum has recently gone through the merging process, it moved to the proof of stake blockchain and can be staked too. Each cryptocurrency project has its own staking requirements, so you must look at them. You will need to find a platform that supports staking. 

When you stake cryptocurrencies, you earn interest rates for the period you have staked them. Hence, when looking for a staking platform, you must pay attention to how much interest rates the platform pays. Security is another top priority to consider in a staking platform as long as you lock your assets and need to keep them secure. Among the most popular staking platforms is OKX, and the decentralized platform Defi Swap which will support staking with high-interest rates. 

Besides staking, there is another way to generate extra money through your idle assets. It is called landing. Some decentralized cryptocurrency exchanges have a pool where users can lend tokens for a specific time, and others can borrow cryptos if needed. Those who lend tokens are granted some rewards, and the borrowers pay interest rates to them for borrowing their money. So, lending is another way to make money with crypto, where you again lock up some tokens to gain interest rates. 

Some Cryptos that You Can Stake on OKX

Skill level: Low to Medium

Minimum investment: Medium

Risk level: Low

Potential profit: Low

Time until you see significant profits: Medium

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Day Trading Cryptocurrencies

Due to their volatility, cryptocurrencies can be highly profitable even for one day. Hence, day trading is one of the most popular ways of making money with crypto. It is called day trading because you take advantage of the frequent price changes of crypto assets to open and close multiple positions during the same trading day. In this way, you make a little profit from frequent trades and can generate massive money throughout the day.

However, day trading is not a straightforward process. To be able to day trade cryptocurrencies, you must have at least a basic understanding of the market and learn how to analyze crypto charts and graphs. In this way, you can understand if the value of the asset you want to benefit from will increase or decrease over time.

Tamadoge All Time Price Chart for 2024

What cryptocurrencies are more profitable for day trading? If you don’t invest in the long-term perspective, even speculative assets can greatly benefit here. The most crucial thing is ensuring you have enough knowledge about the market analysis to handle the risks well. Cryptos having low prices are preferable. The good thing is that you can buy it with little money, and even small price changes can double your profit. 

For day trading, it is essential to choose the right cryptocurrency broker. And the most vital things to consider include trading fees and the number of markets the broker supports. Generally, brokers charge two trading fees – commissions and bid/ask spreads. Some brokers may charge one of these fees, but it may be higher than those who charge both but in low amounts. As long as you open and close positions frequently in a day, you should be careful not to lose most of it on commissions. 

We recommend starting with Binance, it is a simple crypto exchange with highly inclusive features. 

Read more on our guide on how to trade cryptocurrency.

Skill level: High

Minimum investment: Medium

Risk level: High

Potential profit: High

Time until you see significant profits: Short

Start Day Trading Cryptocurrencies

Your capital is at risk.

Free Crypto Drops and Crypto Faucets

Crypto faucets and airdrops are two alternative ways to earn free crypto if you don’t want to risk your money. These methods enable you to earn cryptos without investing anything in them, but the rewards are small too. At least, you don’t put anything at risk and don’t need to develop any special skills, but you can spend some of your free time on it and earn little rewards. 

Airdrops are events carried out by new cryptocurrency projects during which they send a certain number of tokens to different wallets. In most cases, you will have to do interaction with their project. For example, if it is a decentralized exchange, they may airdrop cryptos to those wallets that have conducted transactions on their platforms. 

Some Crypto Airdrops for October, 2022

Even though the cryptocurrencies airdropped to your wallet may not be that valuable initially, they may increase over time. Once the cryptocurrency is officially launched, it will gain more value and even reach high prices if the project draws massive attention from investors. Many successful crypto projects, including Axie Infinity and ENS, have gained traction with airdrops. 

Faucets are another easy way to generate small crypto rewards. These mobile apps or platforms allow you to play games or accomplish tasks and get small rewards in cryptos. Hundreds of platforms are designed for this purpose, and the tasks significantly vary from platform to platform. Sometimes, it can be extremely simple, such as solving the captchas. On our list of all the ways to make money with cryptocurrency, this is one of the easiest; however, the rewards are also small.

Other platforms may require playing games and reaching a particular milestone, after which you will be rewarded. It is important to note here that money earned from faucets is relatively low, but it is the safest way of making money with crypto. Play-to-earn games are similar to faucets: you play and get rewarded for winning competitions or completing specific tasks. But the difference is that those rewards may be higher than with the faucets, and you will need some initial investment to access the platforms.

See our complete guide to the best crypto airdrops to watch this year.

Skill level: Beginner

Minimum investment: Only Your Time

Risk level: None

Potential profit: Low

Time until you see significant profits: Long


Going All-In with Altcoins

Altcoin stands for alternative coin, and the word is coined to describe all the other cryptocurrencies created as alternatives to Bitcoin. If you think it’s already too late to invest in Bitcoin, it’s never too late to invest in altcoins. Hundreds of new altcoins are created monthly, and you have a vast selection of assets with thousands of options to purchase. 

New exciting altcoin projects occasionally spring up in the market, along with some well-established altcoins.  These projects refer to different aspects of the DeFi ecosystem, including blockchain gaming, decentralized exchanges, programmable platforms, payment systems, etc. 

Investing in such promising altcoins during the early stages of their development can be a huge success for you once these projects have finished their presale stage and start to catch investors’ attention. It is also important to note that many of these projects enable you to earn income thanks to their price differences and have various features that can help you earn rewards. 

As of early 2023, some of the most trending altcoins are Gala Games (GALA) in the crypto gaming space – which ties in nicely with the gaming-related presales we reviewed earlier in this guide – and Fetch.ai (FET) in the AI crypto sector.

Buy Altcoins

Your capital is at risk.

Crypto Lotteries and Casinos

As long as cryptocurrencies have entered different aspects of our daily life, they’ve found various use cases offering different methods to make money with cryptocurrency. One of the most exciting for many is the rise of crypto betting.

Like traditional casino and lottery platforms, cryptocurrency casinos incorporate blockchain technology with gaming and lottery elements, giving online gambling a great experience. 

As with traditional lottery platforms, blockchain lotteries enable you to purchase tickets and participate in competitions. When the drawn lotto numbers match with the numbers of your lottery tickets, you get rewarded from the jackpot pool. The most significant difference between traditional and blockchain-based lottery platforms is that the latter use cryptocurrencies for the ecosystem. You need to buy tickets through cryptos, and the rewards you get are in cryptos. 

Besides, blockchain lottery and crypto casino platforms tend to add more security and reliability to their platforms. These projects are based on the blockchain, so the transactions are transparent, and it is difficult to cheat. Additionally, you get paid in cryptos which are faster and more secure. Eventually, they claim to remove the geographical boundaries so anyone can participate in competitions from any part of the world. 

Crypto Lotteries and Casinos

Lucky Block is one of the most competitive projects that rewards you not only for winning in the competition but for participating in it and holding its native tokens. Other famous examples include BC.Game, Cloudbet, and BetOnline.  See our full BC.Game review.

Skill level: Low

Minimum investment: Low to Medium

Risk level: High

Potential profit: High

Time until you see significant profits: Short

Find the Best Crypto Lottery Sites

Your capital is at risk.


Best Platforms to Trade, Invest, and Stake Cryptocurrencies

Now that you are familiar with multiple options for making money with cryptocurrencies, you may be looking for some suitable brokerage platforms where you can invest in or trade cryptocurrencies. Finding the best brokerage platforms usually depends on your trading plans and goals. But in most cases, the most essential features to consider when you select a crypto broker include security, available markets, functionality, competitive trading fees, etc. 

As you may find it challenging to select a platform with a massive selection of cryptocurrency brokers, we have conducted proper research to find the best platforms to trade, invest, and stake cryptocurrencies. In the following two sections, you will find how to make money with cryptocurrencies on OKX. 

OKX – Best Crypto Platform for Staking and Margin Trading

OKX Exchange If you are looking for a cryptocurrency trading platform with more trading options for advanced traders, OKX is a great choice. The broker is an excellent platform for traders outside the United States, and it has more than 20 million users from different countries. It is a Seychelles-based crypto broker with headquarters in other countries. OKX is quite a new platform founded in 2017, but it has built a trustworthy reputation. 

OKX has a competitive pricing structure and charges 0.1% for each trade you make. But it also has discounts for the traders who buy and sell in large volumes. The broker supports a great selection of cryptocurrencies, including both well-established projects and new ones. You can benefit from the price fluctuations trading on the OKX platform and earn high yields through its staking tools. OKX enables you to earn up to 100% annual interest with idle tokens. 

Another highly practical feature for advanced traders is its margin trading tool. It enables you to borrow money from your broker and pay it back when you generate returns. The margin trading ratio is 10:1, 20:1, or 100:1, depending on how you invest. Though margin trading is a great tool to generate high income quickly, it is also crucial to consider that you can lose a massive amount of money. 

OKX provides a simple interface where you can buy and trade cryptos in minutes once you have an account and verify it. It supports buying crypto with fiat and accepts bank cards and e-wallet payments. However, some cryptos, like the TAMA token, are unavailable to buy directly with fiat. Hence, you must buy USDT coins first and then exchange them with TAMA. 

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Risk Disclaimer

Cryptocurrencies stand out with high volatility, meaning their prices change quite often and fluctuate extensively. On the one hand, it is advantageous if you can quickly generate high rewards. On the other hand, the higher the rewards, the higher the risks. This is because, in most cases, cryptocurrencies are not governed by a single authority or company. They are decentralized, and their value is influenced by the supply and demand ratio. 

It means that the risk of losing your money is relatively high. Even though you can make money with crypto, you can never be sure your investment will succeed. The least you can do to manage the risks is to explore the project carefully, read its white paper, and get familiar with the team behind the project and its roadmap. 

You will also need to research its supply, trading volume, market cap, general market condition, etc. But even in this case, there is always a risk of losing your money, so invest only what you can afford.

Conclusion

This guide has discussed the best methods to make money with cryptocurrency. The most popular way is buying and selling cryptocurrencies to generate money through the differences between bid and ask prices. However, there are several other ways to earn crypto. The best techniques and strategies include day trading cryptos, getting crypto drops and faucets, crypto staking, building a diversified crypto portfolio, crypto lotteries, crypto casinos, etc.  

The guide also focused on the best platforms where you can try multiple strategies for making money with cryptocurrency. We recommend starting trading with Binance, a leading broker with highly-regulated security mechanisms and a beginner-friendly platform. OKX is also a great option, especially for new cryptocurrency projects, as long as it lists many newer altcoins. It’s rumored PlayDoge, and some of the top crypto presales we reviewed above may be listed there.

We also noted that crypto investments are highly risky, and you can’t just spend money relying on the fact that you may be lucky. You need to analyze the market carefully, realize the factors that can influence the price of crypto you will invest in, and treat your money carefully as long as anything can happen with it. 

Readers may also be interested in our guide to making money with NFTs.

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PlayDoge (PLAY) - Newest ICO On BNB Chain

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FAQs

Can trading or investing in cryptocurrencies make you rich?

Although it’s highly possible that you get rich off crypto, the process is really tricky and challenging. If you have some extra money that you can afford to lose, you can take the risk and invest in low amounts. But if you take it seriously and want to make huge money, you can’t leave everything to luck. It’s essential to understand at least the basics of trading and get familiar with its nuances. Thorough research of the market and the fundamentals of the asset you want to trade can significantly reduce the risks of losing your money.

How much money do I need to start trading crypto?

There are several new cryptocurrency projects that cost less than a penny and have good potential to develop in the future and bring you huge returns. Generally, crypto brokers and exchanges allow you to start trading with a minimum of $10 for a trade and a 10$ deposit on your account. Hence, it’s possible to start even with $30 or less.

What is the best way to make money in the crypto market?

Obviosuly, there's no one best way to make money in the crypto market. Having said that, in our opinion, investing in brand-new crypto projects is, perhaps, one of the best ways to make money with crypto. The complicated part is to do research and find out which crypto projects have strong plans and roadmaps. If you don’t have enough time to research, our top recommended cryptos are PlayDoge, Mega Dice, 99Bitcoins. You can not only buy and sell these assets to generate money from price changes but also stake them and earn extra rewards.

Is it too late to start investing in cryptocurrency?

It depends on which cryptocurrency you want to invest in. Obviously, it’s too late to make millions with Bitcoin, but there are several newly launched cryptocurrency projects that look quite promising and you can start trading them for less than $100. Take note that the crypto market is still in its early stage of development, and therefore, there are lots of lucrative opportunities out there.