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A Guide on How You Can Earn Cryptocurrency

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There is no doubt that crypto is changing how we view money nowadays. When bitcoin was first launched, most people thought of it as a fraud. Some financial gurus also said that crypto was a Ponzi scheme that would only scam people out of their money.

However, fast forward 2021, and everyone is now looking for ways to invest in crypto. Bitcoin was launched in 2009, and at the time, its value was equivalent to $1 USD. As of today, the value of Bitcoin is now at almost $50,000 USD.

Of course, investing in crypto is not a get-rich-quick scheme, but you can make a fortune out of it if done well. If you’re looking for ways to earn crypto, then you’re in the right place. Herein, we will take a look at ways through which you can earn crypto. Keep in mind that the crypto market is volatile and you need to do plenty of research before investing.

Crypto Exchange

Trading crypto coins can help you earn some decent profit. In this case, you will buy crypto coins, hold them, and then sell them for a higher price. You will make a profit including some percentage of the trading fees once someone completes a trade. Crypto exchange platforms are a useful reference for information on how you can earn a share of the trading fees.

First, you will need to sign up for an account. After that, you will need to have your account verified before adding your payment options. Purchase your first batch of crypto to get you started. You will need to ensure that you offer quality customer care and services for you to attract more clients.

Yield Farming

This points to providing liquidity in exchange for a percentage of the trading fees. Liquidity in crypto translates to the ease at which a crypto coin can be converted to fiat or another crypto. It is similar to converting assets to fiat currencies.

Low liquidity often highlights the presence of volatility, meaning that the value of a crypto coin isn’t stable. High liquidity is the opposite, highlighting lower volatility and a much more stable price. People will sometimes invest in crypto with stable prices such as Bitcoin and Ethereum.

Wallet Services

Providing liquidity services means that you will often find yourself holding large amounts of crypto coins at any given time. Possessing huge sums of crypto coins will often make you a target, especially if you’re using hot wallet services.

So, what’s the remedy? Investing in premium hot and cold wallet services can come in very handy. Premium hot wallet services offer top-quality security, ensuring that your coins are safe and your transactions are protected. One benefit of using hot wallets is that you can access your crypto from anywhere using any device.

Cold wallets are much secure. However, this often comes with a drawback in that you cannot make a transaction without having your laptop or PC near you. However, you can use both hot and cold wallets to ensure safety and efficiency.

Source: Plato Data Intelligence

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