In this article, we will explain how to make money with cryptocurrency in 2020. These methods are very easy to use and require zero to no skills. Still don’t believe? Continue reading and learn how to make money with crypto in 2020.
Were you like most of the world amazed and slightly shocked when you realized that Bitcoin in 2017 soar to prices over $20,000 for 1 BTC?. Maybe you also knew that less than years before that 1 BTC was valued at $0.04 or thereabouts when first trading.Â
The huge rise in value made a lot of people rich. And now you might be wondering are the days of getting rich, or even making a profit with cryptocurrencies over?
Well I can’t be sure that Bitcoin, Ethereum or some other cryptocurrency will rise in value by 10x or at all. But that’s not the only way you can make money in this space.
In fact, there are several (fairly) easy ways that people with little or no past experience could start earning some decent profits from the cryptocurrency space.
Now all investment comes with a risk and cryptocurrencies are very much in the highest risk bracket of all types of investments. But if you are interested in learning more about ways to make money in the cryptocurrency space then I wanted to share a few suggestions to you.
3 Easy Ways to Make Money With Cryptocurrency 2020
1) Staking
With Bitcoin’s Proof of Work model, people could mine new coins via their computers at first, now you need an expensive mining rig. But there is a new model called Proof of Stake. And with this model, it is easier than ever to start staking cryptocurrencies.
In fact, you can even stake cryptocurrencies from popular exchanges like Kraken and Binance. But most of the time you need a wallet and then simply hold a minimum requirement of cryptocurrencies in that wallet and connect yourself to the blockchain.
Other innovations are cold staking, where you don’t even need to have that wallet up and running to participate. This makes earning money from staking easier than ever. And I suggest you read up on it. Learn more about Proof of Stake here.
You could make decent money from staking, from 3-20% annually – just by simply leaving your cryptocurrencies idle.
2) Lending
Another way that you could make from cryptocurrencies is by lending them out to others. There are usually two ways this could be done. The first is simply as a normal loan but done with cryptocurrencies, or at least backed by cryptos. The other would be to lend out your funds to margin traders.
Either way, it could be a great and simple way that you could make money by. It’s super easy, as all you need to do is sign up to a platform, deposit your funds, and use the lending platforms process to get started. Find out more about lending here.
You could make anything from 5-15% annually from this method – again by simply lending your money to another person.
3) Referrals / affiliateÂ
The last tip that in itself is very easy to do, but often requires something else is by referring other users to sign up to different platforms or buy products and earn a commission from those conversions or sales.
Either you might get lucky and you share a link to a group of friends and then they sign up using that link. But usually, you need something else to get others’ attention and get them to sign up.
Can you perhaps write articles about Bitcoin or cryptocurrencies? Or create a website that provides insights or help for exchanges and crypto products?Â
Try and think in what ways you could attract others to sign up to buy a product or join a cryptocurrency exchange and then try out referral/affiliate marketing.
You can make anything from 5-30% commission from sales and 10-50% on commission from trading fees from the exchanges.
We are actively promoting Freebitco.in – a free to join bitcoin faucet that has an affiliate program that is paying 50% from whatever your referrals earn. Currently, we are earning around $100 – $150 worth of Bitcoin per month from our referrals only. We attract referrals by advertising in other bitcoin faucets. A no brainer, right? Click here to check Freebitco.in
Summary
If you want to find more useful ways to make money from cryptocurrencies then check this article out. Otherwise I think you should look into these three recommended suggestions. They are all possible, can be done with not a huge amount of past experience or capital to get started.
Everyone wants to find new ways of making money. To help to pay for bills, build up your retirement portfolio, or even to find a completely new way to finance your life.
In theory there are lots of ways how we could make money, but often it is easier said than done. And I’ve tried my share of alternatives, from trading to investing, to extra jobs, etc. I know personally from experience on what has worked well, and where I haven’t succeeded.
That’s why I wanted to share a list of 3 different ways where the difficulty to get started is very low. But it’s important to remember that this is not financial or investment advice. And cryptocurrencies come with a greater risk.
But these three options are at least very easy to get started with and I hope this article was educational.
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