Are you tempted to join the boom of cryptocurrency and grow your wealth?
You are in the right place. 2020 has treated cryptocurrencies well: Bitcoin increased three times to $28,000 at the end of 2020 and then hit the all-time high of $62,000 three months later; ETH, the second-largest cryptocurrency also set a new record and the newly launched ETH 2.0 program is expected to take ETH higher in the future; various new coins and DeFi projects are booming as well. With that said, a large influx of money and participants are pouring into the crypto market each day.
In this article, we will introduce and compare different methods to earn Bitcoin.
Staking is a very common practice in Ethereum 2.0. Simply put, participants lock their tokens (“stake”) in the network, and the protocol will randomly choose one validator to validate a block. The more coins you put in, the more likely you will get chosen. The validator will get rewards on their coins.
Staking is much easier compared with crypto mining and crypto trading. Its risks are medium as investors usually just need to worry about huge price swings during the lock-up period.
Futures trading enables traders to bet on the price trends of crypto and make profits from the price differences. Platforms usually allow traders to leverage up their deposits to increase their positions – potentially earning far greater returns if they bet the right direction. Traders could suffer great loss if they bet wrong. Betting on the price movements of crypto may seem easy, but traders are advised to practice as much as possible via a trading simulator and learn to analyze the market.
While futures trading carries higher risks than staking, the earning potential is much greater. To illustrate, if you open a buy contract worth 1 BTC ( invest 0.01 BTC with 100x leverage) when Bitcoin is trading at $50,000 when Bitcoin rises to $52,000, you will get 0.038 BTC (ROI 384%).
There are plenty of cryptocurrency exchanges where users can trade digital assets.
We recommend checking out the cryptocurrency trading platform Bexplus that provides both beginners and experienced traders with opportunities to earn profits from the ups and downs of the crypto market. Each user is given one demo account with 10 BTC for practice and users can claim a 100% deposit bonus each deposit to increase their margin.
“Holding” is one of the oldest and most popular ways to earn profits. While the trading activities of crypto are of high frequency, many crypto “believers” choose to purchase them and store them in their wallets for one year or even longer.
Holding is easy, and most importantly, much less stressful as you don’t need to monitor the market every day and get nervous with every price swing. The earlier you purchase Bitcoin, the more you could earn. Even when you brought Bitcoin just one year ago, you could get a potential ROI of over 400% now.
The most important thing when holding crypto might be: don’t forget your private keys!
While the traditional method of holding is storing them in cold wallets, more and more hodlers now choose to deposit their crypto in interest wallets to grow wealth. Take the Bexplus wallet as an example, users can earn up to 21% annualized interest and their Bitcoin could be transferred to the trading account when they feel like trading.
Use Your Influence
Affiliate program, also known as a refer-a-friend partner plan, is the way to earn commissions from crypto trading platforms. All you need to do is to get a tracking link and spread it in your social circles you have joined – your friends, Telegram groups, Twitter, etc. That would be more like a seller job, you need to understand the products and design your marketing plan.
Apart from the methods mentioned above, there are numerous ways to earn crypto: airdrop, finishing tasks, running master node and so on. As the cryptocurrency market becomes more mature and popular, more earning opportunities are sure to arise. If you are confident about the future of crypto, don’t hesitate to join now!