I’m introducing 5 best ways to monetize from cryptocurrencies:
If you are a knowledgeable and dependable trader you can join to some of the copy trading platform such as “Dealerify” or “zulu” and etcetera for providing signals for users or being vendor. You can easily give guidance to others in trading and make more money.
- Arbitrage
- Another way to monetize digital currencies is to use price differences between exchanges. Digital currency exchanges are online platforms that allow you to open accounts for digital currency transactions within them. When trading, you will notice that sometimes the prices are different in different exchanges. You can make a profit by following and finding this price difference.
- For example, in one exchange you can buy a token at a lower price and in another exchange you can sell it at a higher price. This way you will earn more profit than when you have an asset in a money exchange and wait for its value to rise (hoodle). Of course, this method is not recommended for beginners, because you will probably have to pay a lot of money for transfer fees in different networks in the first transactions. In order to be able to find the best situations of different price differences of different currencies, you should use the price comparison service of digital exchange offices.
-
- Faucets
- Microtasks are small services that you do for someone and receive digital currency instead of wages. This can be done by filling out an online survey form, testing an app, finding bugs on a website, or the like.
- Apps and websites that give you bitcoins as a reward for completing a task are called bitcoin faucets. Some of these websites are FreeBitcoin, Cointiply and FaucetCrypto.
- Of course, the amount of bitcoins paid as a reward for this is very small. For example, for about 10 minutes of doing a microtask, you will be paid about one hundred thousandths of a bitcoin, equivalent to about $ 1.
-
- AirDrops
- New cryptocurrency sites sometimes use methods such as AirDrop to advertise their newcomer password so that each of the users to whom the rewards are credited is an advertiser. Of course, some of these projects, sometimes in exchange for giving free currency codes, have small requests from you, such as joining the Telegram group or advertising them on social networks.
- AirDrop is a process in which a company sends its tokens to the wallets of some users for free. This is a low-cost advertising method that has many benefits for the supplier company. In the world of cryptocurrencies, airdrops are done in a variety of ways, such as forks, ICO purchases, and gift-giving. The most important thing in airdrops is to check the validity of airdrops.
-
- Gaming
- The next method that is very common these days is to use blockchain games. Correctly, this is called a game to earn crypto, which means play and get free cryptocurrency. Usually, in these games, there are special tokens that reward within the game as a reward and you can sell them after reaching a certain limit.
- You can learn about Blockchain games in related below article:
- “10 of Most Popular Crypto Games in 2022”