Trending ways to make money in

Cryptocurrency

2023

#1 INVESTING

The concept of Investing is buying and holding your crypto  for a long period of time, maybe years in order to gain a huge profit from it.

#2 TRADING

Trading refers to buying and selling Crypto using Fiat or other crypto. In Trading we don't hold cryptos for longer period of time.  We buy the assets and sell them at the targeted profit.

#3 STAKING

Staking is a way of earning rewards by holding existing cryptocurrency in a trading exchange or DEX. These Exchanges provide Annual Percentage Yield (APY) on the amount staked.

Staked assets cannot be traded. You need to unstake to start trading

#4 YIELD FARMING

Yield farming involves lending or staking cryptocurrency in exchange for interest and other rewards. Yield farmers measure their returns in terms of Annual Percentage Yield (APY).

While profitable, yield farming is also very risky.

#5 AIRDROP

Airdrop is a process of sending free crypto tokens to participant's crypto wallet address. New crypto projects often do an Airdrop as part of their PR, to attract the users and kickstart a loyal community.

#6 MINING

Mining is the process in which new cryptocurrencies are created with the help of Mining Hardware. Miners use computation resource to solve complex problems before submitting a transaction to the Blockchain.

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