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best ways to earn money from cryptocurrencies without investing them

Best ways to make money from cryptocurrencies

When you read the title of this topic, you may think that it is a rather strange idea how I make a good income from cryptocurrencies without actually having to invest in them? It seems deceptive because most people believe that the only way to profit from cryptocurrencies is to trade or invest in them. However, in our topic for today, we will show you a set of best ways to help you earn money from cryptocurrencies without investing in them.

1 - Make money from staking

Perhaps many are familiar with it, or only a few know it. Staking is one of the most prominent ways to profit from cryptocurrencies without investing in them. When we talk about investing in cryptocurrencies, it is the possibility of profit or loss by pumping specific money into a digital currency. But in cryptocurrency staking, we are talking about a sure profit from cryptocurrency.

What is crypto staking?

A crypto staking is a process of depositing money in a cryptocurrency and not withdrawing it at all until after an agreed period. After the term expires, you get a set profit percentage in addition to your original amount. For example, a trading platform tells you that you can subscribe for 60 days with a profit of 20%. So, if you pump, say, $ 100, after 60 days, you will have a profit of $120 guaranteed for you without any shortage at all. It is a sure profit and no loss for the user (as long as you do it on trusted platforms, of course).

Advantages of crypto staking

• Fixed profit and non-existent loss: There is no loss in crypto staking as long as you do it on trusted platforms.

• Many ​​choices: Earning from crypto staking has many options with many settings. Some crypto can be staking in a week, others in a month, and others in years (ETH 2.0).

• The best way for cryptocurrency beginners: Some people interested in cryptocurrency may find it very hard to trade them without losing, although they want to get into this field.

How do I start crypto staking?

Choose a suitable platform, as Binance or Kucoin provides you with a list of all the coins available for staking. You choose the best crypto for you in terms of characteristics (duration and percentage), and then you buy it in the proposed currency. And wait until the end of the staking period.

2 - Earn money by trading crypto

Switching between cryptocurrencies is one of the powerful ways to earn money without investing. But the problem with this method is that it requires a lot of time and effort to understand it and how it works before actually applying it. This method is quite simple: there are always two currencies when it comes to the price of a currency BTC/ETH (Bitcoin vs. Ethereum) has a different price than BTC/USDT (Bitcoin vs. Tether). For example, it may be cheaper to buy Bitcoin via Ethereum than to buy it via USDT. On the other hand, after buying Bitcoin with Ethereum, you can now buy USDT with the Bitcoin you purchased, and because it is cheaper, the price difference in the process will be relatively good. Thus, you earn additional revenue from these conversions.

Advantages of crypto swapping

• Quick Profit: Within an hour or even minutes, you can make decent amounts of money depending on your experience, but you need to spend hours of work and research until you find the right trade or change before doing it.

• Guaranteed Profit: if you take advantage of it quickly, in the trade process, you must accomplish it fast, at the current average currency rate because waiting will lead to an increase/decrease in the currency, and you may lose in this process.

• Far from investment risk: A bit far from investment risk when you make fast transfers. You do not have to know the schemes and future of a currency, because its future does not concern you. All you care about is the current price.

3- Crypto mining

Crypto mining is the most famous (but not the easiest) method of making money from crypto. In fact, until not so long ago, mining other cryptocurrencies than bitcoin might not consume that many resources and rigs and hardware. Especially weak or unfamous cryptocurrencies.

What is cryptocurrency mining?

Mining is the process of allocating powerful hardware and a good amount of power to run this hardware to solve a set of algorithms in the Blockchain network to facilitate various types of operations. When one of these operations is solved, it has a specific value of the encrypted currency in the Blockchain network in which it is active.

There are different mining operations when we talk about other cryptocurrencies (such as mining Dogecoin or Litecoin). Generally, Mining cryptocurrencies like Bitcoin or Ethereum by solving a set of algorithms in their blockchain network.

Advantages of Crypto Mining

• No serious investment is required: no investment, no buying of cryptocurrencies, nothing like that. You are now making money by yourself, and you will get it into your wallet without risk.

• It could become a Passive Income and then use it on a long-term basis: Bitcoin mining requires a so-called rig (a set of hardware); if you can build a complete Rig, it may turn into passive income (income without doing anything).

• Direct Profit to Your Wallet: No deductions and no Fees, everything you earn will be included directly in your wallet. In Mining, you will mostly rely on physical storage wallets because they are better (later in purchases or transfers, there will be some Fees).

4 - Earn money from Airdrops

Finally, a simple way to earn from crypto may not always be successful or highly profitable. It is the profit through cryptocurrencies usage, or it can be called Airdrops. Many platforms allow you to earn money in cryptocurrencies by downloading their applications, participating in surveys on the same platform, or even completing custom tasks. That helps the platform expand its circle of users, and in return, you get some cryptocurrency in your account.

Advantages of Airdrops

• You don't need any money to get started: The previous three methods are in any case you will need some money to start using them. In this way, you do not need to. Platforms like Coinex, for example, can provide you with decent profits for simple tasks. Kucoin provides weekly earnings on Friday to all users and more.

• Reliable: As long as you keep your options on popular platforms, as we mentioned to you, platforms like Kucoin or Coinex and even Trustwallet and others, which are honest platforms that provide you with these options.