Top Cryptocurrency Earning Strategies

Purchase and Holding Skills: Novice

Acquiring and HODLing
Purchasing trustworthy cryptocurrencies with a solid use case and holding them until they reach a fair market share is one secure way to make money in the cryptosphere.

For instance, cryptocurrencies such as:

Most of the time, secure investments include Bitcoin, Ethereum, BNB Coin, DOT MANA LINK, Sand, etc.

Because they might appreciate more quickly than the fiat currency pairs of USD, EUR, etc., you can buy them and hold them for a longer period of time.

Additionally, we have fundamentally examined more than 15 cryptocurrencies on our CoinSutra blog.

That, however, is NOT financial advice but just a starting point for choosing the ideal unicorns for you.

Cryptocurrency Staking Proficiency: Novice

Cryptocurrency Staking
I like this method of earning because it gives you the opportunity to earn dividends for staking your coins while also receiving the price appreciation that comes with holding valuable cryptocurrencies.

Staking basically entails keeping cryptocurrency coins in a live wallet around-the-clock in order to earn new coins as compensation for staking and protecting the blockchain network. In this section, some coins of note are:

Tezos (XTZ) resembles Audius X2Y2.
The most well-known and well-funded coin, Tezos, provides an annual return of 6%.

The best part is, however,

As more people use Tezos, its value rises, and you profit from that.

Investing in and holding cryptocurrencies to receive dividends
HODLing Cryptocurrencies
Investing in dividend-paying cryptocurrencies and keeping them is another wise method to profit from them.

Numerous fantastic cryptocurrencies, especially those kept in wallets, pay you fairly just for keeping them in your possession. You are not even required to stake them.

Among these digital currencies are:

BNB XTZ ATC KAVA NEXO Atomic wallet currency
For you to fully comprehend and select the appropriate currencies for your portfolio, we conducted a thorough examination of various currencies.

Become a provider of liquid assets
Intermediate to advanced level

As DeFi expands, becoming a liquidity provider is another lucrative way to profit from your current cryptocurrency holdings. By signing up as a liquidity provider, you will receive a portion of each transaction made on a specific decentralized exchange.

You must be aware of temporary loss as it is one of the difficulties of becoming a liquidity supplier. Bancor is one platform that allows you to provide liquidity without concern for temporary loss. My prediction is that more Dex will come up with unique ways to deal with the transient loss in 2022 and the years to come.

For quick advice on how to become a liquidity provider, read this.

5 - Masternodes Masternodes
Another way to make money in the cryptosphere is by operating masternodes of various cryptocurrencies. Similar to how you have Bitcoin full nodes, a masternode is simply a cryptocurrency full node or computer wallet that keeps the full copy of the blockchain in real-time and is always active to carry out specific tasks.
Different cryptocurrency networks pay the masternode owners for completing these tasks. However, you need a certain minimum quantity of coins to start running a masternode. For each cryptocurrency, the required minimum to launch a masternode is different, however it often falls between 1000 and 25000 coins.

Arbitrage in Cryptocurrencies
As we are all aware, the cryptocurrency market is unregulated and unrestricted, which explains why there are large price variations across exchanges and high volatility.

Another way to make money in the cryptosphere is to purchase a particular cryptocurrency from one exchange that is being offered at a lower price than another exchange, giving you the chance to buy low and sell high on another exchange and make a healthy profit in the process. Arbitrage is the term for this.

One such cryptocurrency trading bot that teaches you how to engage in arbitrage trading is Cryptohopper.

You will usually find 5% to 40% of spread if you know how to make use of it.

Blogging on websites for cryptocurrencies
Blogging on Websites for Cryptocurrency
If your work is well-received by readers, you may make money blogging and writing for websites that pay you in cryptocurrency.

Additionally, if you already know that your material is valuable, you may directly monetise it with cryptocurrencies so that each reader has complete access to it.

See best cryptocurrency affiliate programs

Here are a few of these websites:

Y’alls \Yours \Steemit