Well, there are a lot of online opportunities waiting for you to make money during the lockdown. Based on your profession, you can choose the one which suits you the most, and if you are not a business professional and are not having a wider online exposure, then you can choose some online business opportunity that will require zero experience.
But, here I am going to exclusively cover an interesting business idea that could make you richer and can help you to easily make money online while staying at home . What is It?
Yes, You Can Make Money With Cryptocurrency From Home.
This article is going to cover up the possibilities on how to make money online with cryptocurrency during the coronavirus lockdown. This will be more friendly for those who are fresh and familiar to the cryptocurrency industry with basic knowledge. Just cheer up and continue reading!
How To Make Money With Cryptocurrency During The Coronavirus Lockdown?
You can make it easily. To be straight, you are not going to just make the money for your daily needs, but you are going to become richer at the end of the lockdown period.
Excited!!!??
In general cryptocurrencies often offer a lot of money making opportunities to the common people. Some seem to be easier, and some will be a little bit harder since they require some technical knowledge. Based on that, I am going to provide you the 7 Possible ways that can help you to make money with cryptocurrency from home. Let us see what they are?
7 Cryptocurrency Business Ideas To Make Money During The Coronavirus Lockdown
1. Buying and Holding
You can simply purchase a cryptocurrency form any popular exchanges and hold it for a while, until the price of the purchased cryptocurrency soars up. While the price goes up, you can sell it through any exchange website. In this way you can get assured profit. If you choose this method, I recommend you to deal only with the following popular and safest cryptocurrencies.
Bitcoin
Tezos
Ethereum
Ripple
Binance Coin
There are more than 1000+ coins in cryptocurrency, so you have to be deterministic while choosing a coin to buy. Many new coins come with less price, but they may not have assured life time. So better deal with popular cryptocurrencies.
2. Buying and Holding For Dividends
Some sort of currencies will pay you a profit just for holding them in your wallet. Excited!! This is actually known as “holding the dividends” and this is a very smartest method of making money online with cryptocurrency. Here you are going to be paid just for holding their shares in digital format. Not all cryptocurrencies come with dividends, so you have to choose the coins which can pay you dividends. Here are some of the known cryptocurrencies that will pay you for holding the dividend.
NEO Coin
Kucoin
Komodo
NEXO
Neblio
3.Staking
Staking it is a combination of both the above methods. In staking all you need to do is just buy good cryptocurrencies, and hold them for a while in your cryptocurrency wallet. This is a highly revenue yielding method, without actually working for it. If you can hold a cryptocurrency for a while, you will be rewarded with a dual profit one for holding the coin, and the additional one is holding the dividends.
This staking concept evolved into the market just to build a strong infrastructure for a blockchain network. Comparatively staking is similar to the fixed deposit that we deal with fiat currency. You have to hold it for a while, and you will be paid with additional rewards as interest just for holding it. This staking process helps in creating new nodes through an algorithm “proof-of-stake”.
4.Day Trading
Day trading, it is not recommendable for the fresh people who are not familiar with cryptocurrency trading. Because here as a user you have to continuously monitor the pattern of trading charts. Usually the price of popular cryptocurrencies often fluctuate nearly 30%-50% in a day. So you have to choose the most friendly method to trade cryptocurrencies and also prefer an user friendly cryptocurrency exchange to buy bitcoins.
Binance
Localbitcoins
Kucoin
5. Do Microtasks or Work for a Cryptocurrency
Microtasks
Another simplest method of making money with cryptocurrency, here you will be paid with cryptocurrencies for contributing a small service to someone. All these tasks can be very easy to contribute, they may be like app downloading, online surveys, watching online videos.
Check out the websites where you can earn cryptocurrency just by completing some tasks.
Bituro
Coinbucks
Work For a Cryptocurrency
This is a technical part. If you are a developer, designer or a tester, then you can contribute to a cryptocurrency network by validating the bugs and by proposing your technical ideas to the network.
6. Masternodes
Running a masternode is another smartest way to earn highly passive income from cryptocurrencies. A master node is a computer or a wallet or a full node which keeps the entire copy of a cryptocurrency’s blockchain. This master node will be paid for performing certain tasks. Based on the cryptocurrency network you choose to run or host a masternode, the network will pay you a certain number of coins. But, to run a master node you must hold a minimum number of coins preferred by the network, which could range between from 1000 to 20000 coins. There are a lot of online guides that could explore how to set up a master node.
7. Cryptocurrency MLM
By joining a MLM network powered with ethereum smart contracts you can earn a significant profit. There are a lot of online portals like million.money, ethereums.cash, etrix.io where you can choose the MLM plan. But, before joining an MLM you should ensure the buying level, Also i would like to recommend never join to an MLM which is not run under a smart contract
Also, if you have a plan to quickly start a MLM business like million money just check out here, which will explain you the business plan and the working nature of a million money clone script
Other Possible Ways
Accept payment in bitcoin if you are merchant or supermarket
During this lockdown time, many supermarkets are allowed to open as per the government's instructions in various countries. So, if you are a supermarket owner or any other essential goods service provider, you can accept payment through cryptocurrency, based on the government norms.Start writing blogs on cryptocurrency accepting websites ( Ex: steemit)
Some popular blogging websites, rewards the writers with cryptocurrency if the blog is worth and has been liked by many readers.Cryptocurrency Faucets
Faucets are similar to the micro tasks, here you can earn cryptocurrency just by paying
Start a Cryptocurrency Business Which Will Yield You Permanent Profit Forever!
We have seen the most possible business ideas that could yield you the temporary hike and small amount of profit during this lockdown time. But, now we are going to see an ultimate cryptocurrency business model which is better than all the above and which could yield you a permanent profit even after the coronavirus pandemic.
Wanna know what it is?!!!
Originally Published Article : How To Make Money With Cryptocurrency During Coronavirus Lockdown