{"id":351553,"date":"2022-10-16T10:07:05","date_gmt":"2022-10-16T14:07:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=351553"},"modified":"2024-05-03T07:11:36","modified_gmt":"2024-05-03T07:11:36","slug":"make-money-with-cryptocurrency","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/make-money-with-cryptocurrency","title":{"rendered":"How to Make Money with Cryptocurrency – 8 Best Ways"},"content":{"rendered":"
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. <\/span><\/p>\n 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.<\/span><\/p>\n 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. <\/span><\/p>\n In the remainder of this beginner’s guide, we’ll look at the above strategies and how to start making money with cryptocurrency.<\/p>\n For those who can’t afford to invest in well-established crypto projects, there is an excellent alternative – new crypto projects<\/a>. 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. <\/span><\/p>\n 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. <\/span><\/p>\n 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.<\/span><\/p>\n 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. <\/span><\/p>\n Dogeverse<\/span><\/a> 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.<\/span><\/p>\n 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. <\/span><\/p>\n <\/p>\n 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.<\/span><\/p>\n Visit Dogeverse<\/b><\/span><\/a>\n<\/p> Those looking to make quick gains by investing a minimum amount will do well by paying close attention to Sealana<\/a>. 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.<\/p>\n 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.<\/p>\n <\/p>\n 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.<\/p>\n 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.<\/p>\n Therefore, investors looking for an affordable investment with a high ROI should consider visiting sealana.io and checking out this presale.<\/p>\n Visit Sealana<\/b><\/span><\/a>\n<\/p> WienerAI<\/a> 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. <\/span><\/p>\n 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. <\/span><\/p>\n <\/p>\n 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. <\/span>The recently unveiled innovative Weiner AI project seeks to transform people’s perceptions of AI from just another tool to a reliable companion. <\/span><\/p>\n 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.<\/span><\/p>\n Visit Wiener AI<\/b><\/span><\/a>\n<\/p> Mega Dice<\/a> 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. <\/span><\/p>\n 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. <\/span><\/p>\n <\/p>\n 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.<\/span><\/p>\n Visit Mega Dice<\/b><\/span><\/a>\n<\/p> The popular educational website <\/span>99Bitcoins<\/span><\/a> 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. <\/span><\/p>\n 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. <\/span><\/p>\n <\/p>\n 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.<\/span><\/p>\n 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.<\/span><\/p>\n Visit 99Bitcoins<\/b><\/span><\/a>\n<\/p> A compelling avenue for earning cryptocurrencies often involves staking, airdrops, or token appreciation. Enter the Smog<\/a> project, a groundbreaking initiative offering all three simultaneously. Despite its recent launch, Smog has quickly become a prominent figure in the crypto sphere, propelled by its affiliation with the rapidly growing Solana blockchain.<\/p>\n With its captivating dragon-themed concept and the promise of hosting one of the largest airdrops on Solana, Smog has captured the attention of enthusiasts. The project’s staking feature further enhances its appeal, boasting an impressive APY of 42%. Investors who stake their tokens not only earn attractive yields but also become eligible for airdrops, which currently serve as the primary utility of the project.<\/p>\n <\/p>\n The surge in popularity of Smog within the meme space has led to a corresponding increase in staking activity, driving demand for the token. While specific details regarding the magnitude and distribution of airdrop rewards remain undisclosed, Smog continues to gain support from prominent crypto influencers and YouTubers, further amplifying its visibility.<\/p>\n Currently available on the Jupiter DEX, the SMOG token is poised for substantial value appreciation upon listing on additional exchanges in the near future. As such, Smog emerges as a cryptocurrency that demands attention, offering a unique blend of staking opportunities, airdrop potential, and growth prospects that should not be underestimated.<\/p>\n Visit Smog<\/b><\/span><\/a>\n<\/p> Inspired by SpongeBob Squarepants, the renowned TV show, Sponge emerged as a cryptocurrency that experienced significant price appreciation and community growth in 2023. Since its inception, the token has garnered immense popularity, and this fame is now reigniting in anticipation of the impending launch of Sponge V2<\/a>. The introduction of this V2 token is anticipated to substantially boost the project’s value owing to its staking features and enticing Annual Percentage Yield (APY) rates.<\/p>\n <\/p>\n Earning money with Sponge V2 is straightforward. As the token has yet to be officially released, investors can simply purchase and stake Sponge V1 tokens to receive an equivalent amount of Sponge V2 tokens upon its launch. Moreover, they stand to generate passive income through staking, as it promises remarkable rewards in the form of Sponge V2 tokens, boasting an impressively high APY, which, although potentially subject to fluctuations, may still remain at a minimum of 40%. This rate is notably one of the highest within this space.<\/p>\n Backed by an upcoming Play-to-Earn (P2E) game, a strong connection to memes, and a continuously expanding community, Sponge V2 presents an excellent opportunity for investors seeking to profit from the memecoin arena.<\/p>\n Visit Sponge V2<\/b><\/span><\/a>\n<\/p> eTukTuk (TUK)<\/a> 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.<\/p>\n <\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n Visit eTukTuk<\/b><\/span><\/a>\n<\/p> 5th Scape<\/a> is a top option among investors seeking both short-term gains and long-term opportunities within the blockchain space. With its ambitious vision to craft a comprehensive ecosystem spanning software, hardware, and captivating content, 5th Scape has swiftly gained recognition as a lucrative avenue for potential returns.<\/p>\n What sets 5th Scape apart is its commitment to seamless integration across these elements, elevating the gaming experience on VR to new heights of immersion and excitement. By bridging the gap between software, hardware, and content, 5th Scape offers a holistic approach that resonates with investors looking for a multifaceted investment opportunity.<\/p>\n <\/p>\n In terms of utility, 5th Scape has already introduced two noteworthy hardware products: the Swiftscape chair and the VR Ultra headset. Coupled with a diverse array of engaging games like Cage Conquest, Thrust Hunter, Immersive Kickoff, Archery Master, and Epic Cricket Arena, the project demonstrates its dedication to delivering a captivating and immersive experience to users.<\/p>\n Audited by Consult, 5th Scape provides a level of reassurance for investors, ensuring a safe investment option amidst the volatility of the crypto market. With a market cap set to launch at $15 million and presale funds already exceeding $1.5 million, 5th Scape presents a compelling opportunity for investors seeking growth potential.<\/p>\n With a total token supply of 5.21 billion and an inflationary nature, the token holds promise for significant value appreciation in the coming months. Catalystic events such as exchange listings and further development initiatives are poised to fuel the token’s growth trajectory, making 5th Scape a promising asset for both short-term gains and long-term investment strategies.<\/p>\n Visit 5th Scape<\/b><\/span><\/a>\n<\/p> 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. <\/span><\/p>\n 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. <\/span><\/p>\n 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. <\/span><\/p>\n <\/p>\n 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. <\/span><\/p>\n <\/p>\n 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.<\/span><\/p>\n <\/p>\n 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 <\/span>buying altcoins guide<\/span><\/a> to determine how to buy the most profitable cryptocurrency projects<\/a>. <\/span><\/p>\n Skill level:<\/b> Beginner<\/span><\/p>\n Minimum investment: <\/b>Low<\/span><\/p>\n Risk level:<\/b> Medium<\/span><\/p>\n Potential profit:<\/b> High<\/span><\/p>\n Time until you see significant profits: <\/b>Long<\/span><\/p>\n Buy Cryptos Now<\/strong><\/span><\/a><\/span><\/p>\n Your capital is at risk.<\/em><\/p>\n 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<\/a>, 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. <\/span><\/p>\n 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. <\/span><\/p>\n 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. <\/span><\/p>\n 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.<\/span><\/p>\n 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. <\/span><\/p>\n Skill level: <\/b>Medium<\/span><\/p>\n Minimum investment: <\/b>Medium<\/span><\/p>\n Risk level: <\/b>Medium<\/span><\/p>\n Potential profit:<\/b> High<\/span><\/p>\n Time until you see significant profits:<\/b> Medium<\/span><\/p>\n Buy Cryptos Now<\/strong><\/span><\/a><\/span><\/p>\n Your capital is at risk.<\/em><\/p>\n 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. <\/span><\/p>\n 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. <\/span><\/p>\n When you stake cryptocurrencies<\/a>, 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. <\/span><\/p>\n 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. <\/span><\/p>\n <\/p>\n Skill level:<\/b> Low to Medium<\/span><\/p>\n Minimum investment:<\/b> Medium<\/span><\/p>\n Risk level: <\/b>Low<\/span><\/p>\n Potential profit:<\/b> Low<\/span><\/p>\n Time until you see significant profits: <\/b>Medium<\/span><\/p>\n Visit OKX<\/strong><\/span><\/a><\/span><\/p>\n 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.<\/span><\/p>\n 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.<\/span><\/p>\n <\/p>\n 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. <\/span><\/p>\n 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. <\/span><\/p>\n We recommend starting with Binance, it is a simple crypto exchange with highly inclusive features. <\/span><\/p>\n Read more on our guide on how to trade cryptocurrency<\/a>.<\/p>\n Skill level: <\/b>High<\/span><\/p>\n Minimum investment:<\/b> Medium<\/span><\/p>\n Risk level:<\/b> High<\/span><\/p>\n Potential profit: <\/b>8 Best Ways to Make Money With Cryptocurrency <\/strong>in <\/strong>May 2024<\/h2>\n
\n
\nReviewing Each of the Best Ways to Make Money With Crypto<\/h2>\n
Invest Early in Brand New Projects at the Presale Stage<\/strong><\/h3>\n
Dogeverse – Meme Coin Pioneering Chain Hopping<\/b><\/h2>\n
Sealana<\/strong><\/h2>\n
Wiener AI<\/b><\/h2>\n
Mega Dice<\/b><\/h2>\n
99Bitcoins<\/b><\/h2>\n
Smog<\/strong><\/h3>\n
Sponge V2<\/strong><\/h3>\n
eTukTuk – Sustainable Project Offering Attractive APYs<\/h3>\n
5th Scape<\/strong><\/h3>\n
\nBuying Established Crypto Coin Like Bitcoin and Holding Long-Term<\/strong><\/h3>\n
Creating a Mixed Crypto Portfolio and Holding Mid-Term<\/strong><\/h3>\n
Staking Crypto in an Exchange<\/strong><\/h3>\n
Day Trading Cryptocurrencies<\/strong><\/h3>\n