How to Make Money From CryptoCurrency (Updated November, 2024)

Can you tell me how to make money from cryptocurrency? This is one of the most asked questions whenever the topic of crypto comes up. While everyone enters the cryptocurrency bandwagon to make some money, not everyone succeeds. Many people simply give up or fall for the traps of rising crypto scams.

Truthfully, you can make good money in cryptocurrency in many ways other than trading. In this article, I will walk you through all the legitimately proven ways to make money online with cryptocurrency. I did my best to make this article as beginner-friendly as possible everyone so can understand it.

Here are some cryptocurrency statistics you should know which should motivate you in your quest on how to earn daily from cryptocurrency:

• Bitcoin gained 311,914% between 2012 and November 2021  (Source: Wikipedia)
• There were almost 15,000 Bitcoin ATMs worldwide as of February 2021. (Source: Statista)
• The cryptocurrency market total is worth $2.79 trillion. This makes it the 8th largest global economy. (Source: CoinMarketCap)
• The daily average volume of cryptocurrency trades has increased dramatically to $130 Billion per day. (Source: CoinMarketCap)
• Global mining income is $20.180,061,869 annually. (Source: Digiconomist).

What is Cryptocurrency?

A cryptocurrency is a digital currency that can be tracked and stored on a blockchain. A currency, also known as a token, grants specific network rights to a member of the blockchain.

It is a digital currency that isn’t tied to any government or country. Instead, records of who is the owner are stored in computerized databases protected by strong cryptography.

Although cryptocurrencies can be used for everyday purchases in certain stores, more people are currently trading them to make money. This is one of the things you need to understand about how cryptocurrency works.

You may be wondering, how to make money from creating a cryptocurrency. Well, the answer depends largely on your capital and efforts. Read along and you will get the answers and even more about how to make money with cryptocurrency.

Types of cryptocurrency

Bitcoin is the first cryptocurrency to be created. All other cryptos are collectively called an “altcoin”, a combination word that derives from “alternative coins”.

Below are the popular types of cryptocurrencies and in the long term has to be among the best cryptocurrency to invest in:

1. Bitcoin (BTC).

Bitcoin was the coin that ushered in the cryptocurrency era. The currency’s mysterious creator, Satoshi Nakamoto, introduced it in 2009 and has been on an incredible roller-coaster ride ever since. The cryptocurrency was only popularized in 2017 however. Most of this article can be seen as how to make money with bitcoins, that is if you are strictly a bitcoin person.

>>> Here is an Udemy complete course on Bitcoin

2. Ethereum (ETH).

The name of the cryptocurrency platform, Ethereum, is the second most common name in crypto. You can use the currency ether to perform many functions. However, Ethereum ‘s smart contract feature makes it a very popular currency. RTH has to be one of your top altcoins if you are serious about how to make money from cryptocurrency.

>>> Here is a Certification course on Ethereum at Edureka

3. Binance Coin (BNB).

Binance Coin, one of the most prominent crypto exchanges worldwide, is the cryptocurrency that Binance has issued. Binance Coin was originally created to pay for discounted trades. However, it can be used to make payments and purchase various goods and services.

4. Cardano (ADA)

Cardano, which is the cryptocurrency platform that powers ADA (the currency’s name), was created by the co-founder of Ethereum. Cardano was created by the co-founder of Ethereum. It also uses smart contracts to enable identity management.

>>> Here is a Comprehensive Cardano course at Udemy

5. Solana (SOL)

Solana was launched in March 2020. It is a younger cryptocurrency that boasts the speed to complete transactions and the overall stability of its “webscale” platform. SOL is the maximum amount of currency that can be issued.

6. Tether (USDT).

Tether’s price is fixed at $1 per coin. It is what is known as a stablecoin. Stablecoins can be tied to a specific asset. In Tether’s instance, that would be the U.S. dollar. When traders trade from one cryptocurrency to the next, Tether is often used as a means of transport. 

7. XRP (XRP).

XRP, formerly known as Ripple, was created in 2012. It allows you to pay in many real-world currencies. Ripple is a trustless payment system that facilitates cross-border transactions.

>>> Here is an Udemy course that goes deeper into XRP

8. Polkadot (DOT)

Polkadot, a digital currency launched in May 2020, connects blockchain technology from various cryptocurrencies. One of Polkadot’s inventors is a co-founder of Ethereum. Industry watchers suspect that Polkadot wants to overthrow Ethereum.

9. Dogecoin (DOGE).

Dogecoin was originally created as a joke following the Bitcoin price crash. Its name comes from an internet meme that featured a Shiba Inu dog. Dogecoin is able to issue unlimited coins, unlike other digital currencies that limit the number of coins available. It can be used to send money or pay for payments.

>>> Here is an Udemy course on Dogecoin

10. USD Coin (USDC).

USD Coin, like Tether, is a stablecoin that is tied to the dollar. This means its value will not fluctuate. According to the currency’s creators, it is backed by fully reserve assets or assets with an “equivalent fair worth”, and these assets are kept in accounts at regulated U.S. banks.

Is NFT a type of Cryptocurrency?

No. Non-Fungible Tokens or NFTs are not a type of cryptocurrency.

How does cryptocurrency work

Cryptocurrencies are formed in Blockchain technology. Blockchain is a digital ledger that records transactions and is not controlled by one person. Instead, a distributed network of computers maintains a blockchain and authenticates transactions.

The underlying blockchain keeps records of cryptocurrency transactions indefinitely. In the form of blocks, groups of transactions are added to the “chain” which validates the authenticity of the transactions. Miners use their computers to prove blockchain transactions authenticity and are paid using a proof of work (PoW) system.

>>> Explore deeper Cryptocurrency courses on Udemy

Crypto investors use digital addresses to make crypto transactions. These addresses have both private and public keys, which are long strings of letters and numbers that allow cryptocurrency users to send and collect funds. Private keys enable cryptocurrency to be sent and unlocked. Public keys can be accessed by anyone and allow the holder to send cryptocurrency to any sender.

First Steps in making money with Crypto

In most things crypto-related, there are basic steps you need to take. Failure to do these and you will encounter bottlenecks along the line. They include:

#1. Get a Cryptocurrency Wallet

As long as there is the need to ask “can you make money from cryptocurrency”?, then there also should be the need to know where to keep the cryptos you are about to earn.

The first thing about how to make money with cryptocurrency is to decide where to store the coins when you receive them. You need a cryptocurrency wallet to store your crypto assets and make transactions like sending or receiving crypto. Crypto wallets don’t store crypto like a normal wallet. Your digital coins are accessible via a private key, but they live on the blockchain.

Your keys allow you to access your digital money and prove your ownership. You can’t access your money if your private keys are lost. 

Best Multi-CryptoCurrency Wallet

Multicurrency wallets are programs that allow you to perform operations with multiple crypto-assets and store your private and public keys. There are 3 major types of multicurrency wallets:

• Hardware wallets. Keys are kept in a thumb drive device. It is only connected to a computer when it is needed. This is a compromise between security and convenience.
• Desktop wallets – These types of crypto wallets are installable desktop software packs for operating systems. To use a desktop wallet, make sure you have strong antivirus protection to prevent any malware attack that might lead to losing your crypto coins. The major players in desktop wallets are Exodus, Bitcoin core, Electrum, etc.
• Mobile wallets These are just like the mobile versions of a desktop wallet. It uses the QR code for transactions and security which makes it a convenient option.  This doesn’t mean that they might not be vulnerable to malware attacks. The advantage is that they are practical and convenient to carry around but quite susceptible to viruses. An example of mobile wallets is Coinomi and Mycelium.
• Online wallets Your keys are stored in an application or another software. Look for one with two-step encryption. It is as simple as sending and receiving crypto, as well as using it to pay any online payment system or brokerage.

In choosing a wallet, ensure you stick to the top 10 crypto wallets. The following are some of the best crypto wallets, its a collection of the best crypto wallets list:

Best Crypto Wallet App

If you are into buying or investing in crypto, then you know that crypto wallets are very essential. This is because crypto investors or traders need it to store crypto securely, as well as to protect and validate transaction information.

Whether they hardware or software crypto wallets, also called hot and cold storage, custom crypto wallets offer traders dedicated solutions compared to those from crypto exchanges.

Here are the best crypto wallets of 2021

• Coinbase – Best for Beginners
• KeepKey – Best hardware crypto wallet
• Trezor – Another good hardware wallet
• Ledger Nano X – Great Offline Crypto Wallet

A. Coinbase wallet

Coinbase is a great wallet for people who are just getting started with cryptocurrency. The software can link to most major bank accounts and features a friendly, user-friendly interface with a simple three-tab structure and easily distinguishable functionalities. Coinbase offers over 500 crypto assets, the most of any hot wallet on this list. It can hold non-fungible tokens (NFTs) and digital collectibles.

B. Privacy Pros (Billfodl)

Privay Pros (Billfodl) can be used to secure backups of Bitcoin (BTC), and hardware wallet seed letters.

You are usually asked to create a backup seed word of 12 or 24 words when setting up a Bitcoin hardware wallet. These words can be used for restoring and creating a crypto wallet in the unlikely event of a lost, stolen, or damaged hardware wallet.

The Billfodl is constructed from stainless steel with laser-engraved tiles. You can use these tiles together to save passwords (BIP 39). The stainless-steel case is fireproof and shockproof.

Other crypto wallet software of note:

• Electrum – Good for Bitcoin
• Mycelium – Good for Mobile
• Exodus – Good for Desktop

Best Crypto Hardware Wallets

E. KeepKey Crypto Wallet

KeepKey is a USB hardware device that stores and protects your bitcoins. Each transaction must be approved and reviewed by KeepKey’s OLED display and confirmation button. As such, virtual attackers, such as malware and viruses, will find it nearly impossible to steal your valuable bitcoins. Price: $49.

F. Trezor Crypto Wallet

The TREZOR Bitcoin hardware wallet is the most trustworthy and secure solution to keep electronic currency. It is totally separated, preventing simple access for hackers. All transactions on this device are the same as normal cash transactions, such as entering the recipient’s address and so on.

This device, on the other hand, performs the private key authentication procedure outside of the PC, with several authentication stages and only one-way completion. It’s impossible to hack because all transaction information is presented on-screen and you only confirm manually.

G. Ledger Crypto Wallet

Ledger wallet, which is a hardware cryptocurrency wallet, is made by Ledger, which is based in Paris, France. The company is headquartered in Paris, France, and has an office in San Francisco, California. Ledger offers two types of hardware wallets: The Ledger Nano S and Ledger Nano X.

Both wallets can be used to store bitcoin on USB and run third-party apps. The wallets allow users to run universal two-factor authentication on popular websites such as Google and Dropbox.

All Ledger products include a Secure Element as well as a proprietary operating system, which is specifically designed to protect users’ cryptocurrency assets. The wallet also has a 24-word backup recovery phrase, which can be used to gain

Price: Ledger Nano S is $59 and Ledger Nano X is $119.

#2. Take a Course on CryptoCurrency

If you are serious about how to make money from crypto in the long term, then you need to understand how cryptocurrency works. Taking crypto courses is the way to go, and they come in different shapes and sizes, depending on your interests.

Since you have read this far in your quest on how to make money from cryptocurrency, then you have to decide where you are in terms of your knowledge of the ecosystem, in order to determine if and what training you need.

When you ask how do you make money from cryptocurrency?, I can hysterically answer you, what do you know about cryptocurrency? Hahaha. Depending on the niche you want to focus on, you should consider taking a course on cryptocurrency to understand what exactly you are getting into. Some of the best cryptocurrency training courses include:

A. Udemy

Udemy is another platform that offers thousands of online courses at affordable rates. You also get a certificate of completion once you finish a course you enrolled for. There are so many Cryptocurrency courses offered on Udemy by crypto experts that you can.

Udemy self proclaims itself as the most global marketplace for learning, training, and instruction.” So it doesn’t come as a surprise that they have It will please you to learn that they offer over 183,000+ classes and have more than 44,000,000 students. All Udemy Crypto courses come with lifetime access and a 30-day money-back guarantee.

B. Edureka

Edureka is an open online learning platform that is exclusively focused on blockchain certification courses, computer programming, and other Information Technology subjects. Compared to other online education platforms, it is very similar to companies such as LinkedIn Learning, DataCamp, and Codecademy.

Edureka offers live interactive sessions for students as well as hands-on practical assignments so that every student has the best chance to acquire, retain, and apply the information in class.

Its courses are more in-depth than the ones offered on Udemy and the like but also more expensive. It is also connected to numerous universities and colleges, as well as a number of highly-trained professors.

A certificate is issued to students who successfully complete the course. This certifies that they have the required knowledge. It is worthy to note that Edureka is superior to most other online learning platforms.

How to make money with crypto in 2025

The following is a list of how to make money with cryptocurrency. Be sure to read it to the end. If you know these, then you can rightly say how to invest in cryptocurrency to make money.

CRYPTOCURRENCY SHORT TERM INVESTMENTS

Which is the best cryptocurrency to invest in? Here are short-term (quick) ways to make money from crypto-related investments. Note that their profit margins are small, just as their timing.

1. CryptoCurrency Trading

Trading in crypto is one of the sure ways to earn money in cryptocurrency. To be successful in this, you need to use either day-trading or swing trading. They are both about how to make money buying and selling cryptocurrency.

Day trading involves using analytical systems to buy and sell crypto on a daily basis. This usually may involve trading many times a day to make small profits each time. In fact, it is the smartest way on how to earn daily from cryptocurrency.

>>> Checkout Crypto Trading Courses on Udemy

Swing trading on the other hand involves trading in cryptocurrencies based on swings in the price of crypto. The traders buy the coins, hold them and wait for the favorable swing that adds their desired value to the coin, then they sell and make a profit.

Unlike stock or physical currency trading, crypto trading doesn’t take place on any physical trading floor. Rather buying and selling cryptocurrency is done using cryptocurrency trading apps.

Crypto trading beginners need to learn cryptocurrency trading skills and then choose a crypto app that they are comfortable with and which will suit their trading strategy. The skills will enable you to understand how to make money buying and selling cryptocurrency

For you to be successful with crypto trading, you need to understand basic cryptocurrency trading strategies. And you can do that by taking a crypto trading course that teaches cryptocurrency trading for beginners. This is how many people learn how to start cryptocurrency trading.

Cryptocurrency Trading Platforms

As with every trade, there are platforms and markets where the trades take place. You need to choose a trading platform for you, and there are different parameters to do this. These are the basics to enable you to know how to trade cryptocurrency and make a profit

The best cryptocurrency trading exchange:

A. Changelly

Changelly is a noncustodial cryptocurrency trading platform that offers nearly 200 different cryptocurrencies. The service is simple to use and allows you to trade cryptocurrencies for low fees.

Because Changelly doesn’t keep assets on its servers, you will need your own wallet. It is a non-custodial service.

Changelly is especially great for people who reside outside the U.S., and are interested in a low-fee currency.  Or those who would like to have access to a large selection of digital currencies, already own a cryptocurrency wallet, and would like to trade directly from it; or those who love to keep their identity private.

B. Exmo

EXMO is a global crypto exchange platform that was founded in 2014 and is continuously expanding its functionality and adding new assets to its listing.  It is registered in London and has offices in London and Moscow and Kyi with a project team of 150+ people.

The EXMO listing includes all major fiat currencies as well as a large number of cryptocurrencies. This list is updated as needed by users. EXMO has a simple and intuitive interface that makes it easy for users to start their journey in crypto-trading.

C. Coinmama

Coinmama is a global cryptocurrency brokerage company that lets you buy a wide range of cryptocurrencies through your credit card.  Coinmama’s brokerage services allow you to purchase Bitcoin and other cryptocurrencies with your credit cards, SWIFT, or SEPA transfers.

A brokerage service has its own advantages. You don’t have to search for buyers on your own. They were the first to partner with Apple Pay to help you buy Bitcoin. It is focused on customer service and customer experience so transactions take only 30 minutes. This is a great option to buy your first Bitcoin.

D. Bitmart

BitMart is a renowned digital asset exchange that allows users to swap digital currencies or cryptocurrencies for cash or digital currencies like Bitcoin and Ethereum.

It is one of the top crypto exchanges on CoinGecko, with over 5.5 million registered users globally. BitMart presently offers over 600 trading pairs with some of the lowest trading costs available.

To ensure the system’s reliability, security, and scalability, the trading platform has adopted an innovative multi-layer and multi-cluster system design. English, Mandarin, Japanese, and Vietnamese are the main languages supported by BitMart.

E. Wazirx Exchange

WazirX is India’s most trusted bitcoin and cryptocurrency exchange. WazirX launched its operations in 2018 with a mission to provide secure, robust, and reliable digital currency trading services. 

WRX is designed for consumers who want to invest in the WazirX exchange for the long term. The company is developing strategies to ensure that the WRX coin rises in value and becomes a must-have in any crypto Wazirx wallet in the future.

Until then, the company recommends traders stockpile WRX and hold onto it while the cryptocurrency’s value rises on WazirX. The WRX coin has a bright future ahead of it.

F. FTX Exchange

FTX Exchange is a centralized cryptocurrency exchange that focuses on derivatives and leveraged goods. FTX, which was founded in 2018 by Sam Bankman-Fried, an MIT graduate and former Jane Street Capital international ETF trader, offers a variety of novel trading products, including derivatives, options, volatility products, and leveraged tokens.

It also offers spot markets in more than 100 different trading pairs, including BTC/USDT, ETH/USDT, XRP/USDT, and FTT/USDT, its native asset.

FTX is appropriate for crypto investors of all skill levels, from novices to seasoned pros, or in crypto jargon, from newbies to whales, thanks to its extensive choice of products and easy-to-use desktop and mobile trading tools. From basic market orders to more complex trailing stop orders, the FTX platform supports a wide range of order types.

G. Local Bitcoins

LocalBitcoins, the leading Peer-2-Peer trading platform for Bitcoin, was established in 2012 and serves users from more than 100 countries. LocalBitcoins.com allows you to trade Bitcoins for traditional currencies online. This is protected by an escrow. This is also called over-the-counter trading (OTC).

Because it is faster and allows for more payment options, people prefer to trade Bitcoins OTC. While centralized bitcoin exchanges can be slow and cumbersome, it is much easier to trade directly with others using the same payment provider. This provides a better customer experience.

There are hundreds of Bitcoin traders around the globe who make a living trading Bitcoins on LocalBitcoins. They use more than 60+ payment options. This guide will help you to become one of these traders.

H. Paxful

Paxful is an online marketplace where buyers and sellers can meet to trade Bitcoins. Paxful, like LocalBitcoins allows for a wide variety of payment methods and buying options that can’t usually be found on traditional exchanges.

Paxful makes it possible for individuals to become merchants to sell Bitcoin online. This is similar to the way eBay lets people sell merchandise. Paxful offers buyers a great alternative to traditional exchanges.

Paxful offers a free service that allows you to trade Bitcoins without restrictions in your country or with limited payment options. Paxful also provides a payment processing service to websites that allow merchants the ability to accept a variety of payment methods.

Cryptocurrency Trading Bots

It is known that cryptocurrencies can be extremely volatile with prices changing dramatically within minutes. Investors have the option to participate in cryptocurrency trades around the globe at any hour of the day.

These factors, taken together, limit the effectiveness and efficiency of cryptocurrency trading by humans in many ways. This is where crypto bots can help – Smart traders use them to answer the question – how to make money buying and selling crypto without actually trading by themselves. Bots are robots that execute trades on behalf of human investors.

Traders use bots to profit from the cryptocurrency markets, which trade 24 hours a day around the globe. Bots have the advantage of being faster than investors.

Best Cryptocurrency Trading Bots:

A. CryptoHopper

Cryptohopper is an automated crypto trading bot for cryptocurrency that trades on your behalf so you can concentrate on the important things. It’s easy to trade cryptocurrencies. Once you set up the configuration, the bot will get to work.

Cryptohopper is the industry leader in automated crypto trading. It allows users to create trading strategies that automate trades of cryptocurrencies such as Ripple, Ethereum, Ripple, and other cryptocurrencies offered by their exchange.

The hopper scans the market 24 hours a day to find positions that match your signaller or trading strategy. The hopper scans the market looking for the lowest prices in order to place buy orders. It also sells when trades are making substantial profits.

B. HaasOnline

HaasOnline is also another automated trading bot. It is officially called the HaasOnline Trade Server (HTS) and was established in 2014.

You can access the HaasOnline service via a desktop app that you can download from the official website. Once the application has been installed, it runs as a program on your PC.

The HaasOnline trading bot uses preset functions to identify trends and then makes decisions on the trader’s behalf. The automated trading platform bot supports over 22 exchanges including popular ones in the crypto space.

2. Carry out Cryptocurrency Microtasks

Microtasks are short, simple tasks that, in most cases, anyone from anywhere may complete online for a little charge. It’s a quick way on how to make money from cryptocurrency.

Microtasks are typically presented by businesses for market research or marketing purposes. Those that know how cryptocurrency works are able to take these tasks and make money from doing so.

Users are motivated to do microtasks primarily for monetary gain. Because monetary rewards are given in the form of micropayments, it’s no surprise that cryptocurrencies have become a popular payment option for microtask platforms because they offer low-cost, high-speed microtransactions.

Some Examples of crypto microtasks include

• Earn cryptocurrency watching videos
• Earn crypto while playing games
• Earn crypto to download apps
• Earn crypto to signup for trials

Best Cryptocurrency Microtasks websites

A. Earn.com (Owned by Coinbase)

Coinbase Earn is an easy-to-use, instructive, and rewarding platform. You’ll be awarded a little amount of your preferred cryptocurrency just for watching a few videos on it and completing a short quiz or activity to test your understanding. Educational content for Coinbase Earn-supported cryptos is available to any Coinbase member who qualifies.

B. Bituro

C. BitForTip

BitForTip is different from Earn in that it posts a variety of user-generated activities that users can complete in exchange for a little amount of bitcoin.

“Where can I acquire this item of clothing online?” is an example of a task. or “Looking for an amazing advertisement that used to act on TV,” and each task includes the amount of bitcoin that the task provider is willing to pay if the task is completed successfully.

BitForTip’s rewards range from 0.0001 BTC to 0.0003 BTC, making it a less valuable micro-tasking program than others. Nonetheless, some activities can result in large sums of money.

D. Bitcoinget

The most popular bitcoin microtask website is bitcoinget.com. The majority of individuals make a lot of money on this site, and I believe it is the best site for earning bitcoin by doing tiny chores. It’s definitely worth checking out because they pay up to 20,000 satoshi per work.

3. Collect Free Airdrops and Forks

A crypto airdrop is a marketing strategy that involves the free distribution of new cryptocurrency tokens in order to raise awareness and build communities quickly.

It can also serve to establish an early value for a token by allowing recipients to trade their airdropped tokens. As a result, airdrops are frequently used by businesses wishing to fund their crypto initiatives.

The announcement of a forthcoming airdrop is frequently made on a cryptocurrency project’s website, Medium page, or third-party airdrop tracker, and then disseminated across social media channels where a large number of cryptocurrency fans can view it.

How to Get Crypto Airdrops in 2024

The most popular platform to get free crypto airdrops or see upcoming airdrops is on the Coinmarketcap airdrop website. You can participate in getting the best crypto airdrops immediately on CoinMarketCap.

You can see their comprehensive crypto airdrop calendar for current, forthcoming, and closed airdrops, which includes cryptocurrencies, tokens, and other crypto assets. Follow their updates for instant airdrops notification.

You can also get free coins from the hottest airdrops with Binance Airdrop. By depositing soon-to-trade tokens on Binance, you can benefit from free bitcoin airdrops.

Here are the Best Crypto Airdrop Sites

A. Airdrop Alert

The website AirDrop Alert was launched in July of 2017. It informs the crypto community about the available airdrops. The website makes airdrops and how to claim them understandable to the cryptocurrency community.

The site features an information page where you may discover a list of active airdrops, both those that have already happened and those that are scheduled to happen soon. The location of the airdrop is also specified on the website. The purpose of this website is to provide information on how members of the crypto community can legally obtain free coins.

B. Airdrops.io

Airdrops.io is a free cryptocurrency airdrop aggregator that keeps track of the most recent airdrop initiatives. The Airdrops.io platform even gives a guide on how to claim the airdrops, as well as the requirements for claiming the airdrops (for example, some airdrops are only reserved for holders of certain tokens).

Exclusive airdrops are managed by Airdrops.io on occasion and are only available to followers of the platform’s social media channels. Airdrops.io is a thorough airdrop aggregator that airdrop hunters should check out.

C. AirdropsMob

AirdropsMob is one of the oldest crypto airdrop websites, with a large range of carefully curated airdrops that are updated daily. Various characteristics, such as value, rating if the project is listed on CoinCodex, name, and similar, can be used to filter projects.

Airdrops can also be classified by platform and needs. If the project has been rated by an ICO rating platform, airdrops have a tag that can be quite beneficial.

4. Crypto Cloud Mining

Cryptocurrency cloud mining is a method of mining a cryptocurrency such as bitcoin using rented cloud computing power rather than installing and running the hardware and software directly. This cannot be said to be exactly how to make money from creating a cryptocurrency. This is about mining a coin that is already created, using the insfrastructure already built by others.

Cloud mining companies allow anyone to register an account and engage in bitcoin mining remotely for a small fee, making mining more accessible to people all over the world.

Because this type of mining is done on the cloud, it eliminates difficulties like equipment maintenance and direct energy expenditures. There are a lot of bitcoin mining sites and we will be discussing a few of the trusted cloud mining sites.

>>> Click Here to Take this Udemy course on Crypto Cloud Mining

Best Crypto Cloud Mining Sites

A. Minergate

MinerGate is a public mining pool where users contribute their computing power to thousands of other miners. The user interface is free to download and allows users to start mining Ethereum and a variety of other altcoins fast. It enables users to reduce mining’s customary complications to a simple “download and execute” procedure.

MinerGate allows anyone to download and execute their program on their computer. Of course, a large, powerful machine can provide more power, but even modest, amateur miners can get by with a regular PC or laptop.

Miner Gate also provides a mobile app that allows you to manage your mining processes from anywhere. The MinerGate mobile app is a control software that allows you to keep track of your devices. It displays your balances and allows you to receive information regarding the mining process via push notifications.

B. HashFlare

Hashflare is a company that provides cloud mining services. This platform allows users to mine five different cryptocurrencies: ZCASH, DASH, Ethereum (ETH), Litecoin (LTC), and Bitcoin (BTC). The platform provides a variety of pool mining options. You can create your own customized pool based on your hashrate and preferences.

Based on the hashrate, the profit is dispersed to all clients. The nicest part about Hashflare is that you don’t have to pay a lot of money to get started. With many payment ways, the rewards are quite transparent.

C. CCG Mining

CCG Mining is a cryptocurrency cloud mining startup that was created in 2016 during the cryptocurrency boom. It is a global corporation that provides comprehensive blockchain-based solutions. Its objective is to deliver professional services and to continually strive for the highest level of customer satisfaction.

With the primary purpose of constructing Europe’s most powerful computing hashing power, they operate under the motto “We make it easy for you.”
They accomplish this by adjusting working techniques and technologies to meet contemporary client needs and expectations.

5. Crypto Staking

Crypto staking allows transactions to be verified by large-name cryptocurrency exchanges. You can earn a return on your cryptocurrency by stakes without having to actually sell it.

Because there is no need to purchase and operate expensive hardware, the barriers to entry are low. You can also participate in the network by staking and increasing its security. This allows you to give back to the community while earning attractive interest rates of up to 12%.

The proof of stake method is used by Tezos and Cosmos as well as Polkadot and Solana. These currencies, as well as many other cryptos, can be staked in exchange for an interest rate.

>>> Checkout this Udemy Course on Crypto Staking

Best Crypto Staking Sites

A. SimpleFX

SimpleFX is an international online broker that offers Contracts for Difference in many countries. SimpleFX WebTrader is the core of the platform. It is a beautifully designed web application that adapts to any device and screen size. It was built using a mobile-first design. The app is used by most SimpleFX traders on their smartphones.

SimpleFX is a trusted trading platform that has a long track record of operation. This platform is becoming more popular. The company was founded in 2014 and has over 230,000 users on all continents. SimpleFX is an IBC registered provider of offshore financial services.

The mobile usability of SFX WebTader is remarkable. The app runs at an amazing speed and has remarkable reliability. SimpleFX is quick to respond to new user requirements and deliver new features all of the time.

B. Coinbase

Coinbase is another popular exchange that allows you to do crypto staking.

You simply need to transfer the funds that you want to stake onto the ‘vault.’ This might be necessary if you are staking a particular type of coin. However, it is not always the case. Although the staking fees can be quite high, the platform is easy to use and secure.

C. Binance

Binance is one of the largest exchanges that support multiple PoS cryptocurrencies.

There are many opportunities to stake on Binance. Binance has many ways for you to stake your cryptocurrency.

• DeFi Staking on Binance: DeFi staking is risky. Binance vets its DeFi staking partners in order to minimize the risks for their customers.
• Activities: You can earn rewards by staking a particular cryptocurrency for a certain duration on Binance exchange.
• Binance ETH2.0 Staking: With the Binance ETH2.0 staking option, you can stake Ethereum long-term and receive rewards.
• Locked Savings in Binance: The number of days that your funds are locked on Binance will determine the interest rate.
• Binance Vault – You can lock your BNB to earn an APY simply by going to the BNB vault section on the exchange.

The platform allows users to analyze all options and determine the risk associated with each one. High APYs are associated with higher risks, while low-risk investments can be made with lower percentages of interest.

D. OKEx

OKEx offers many ways to earn cryptocurrencies. As new entrants to the crypto market seek passive income, OKEx serves as a one-stop destination for all earning options on the OKEx platform.

You can make cryptocurrency money using OKEx earn through liquidity mining via DeFi tokens, saving, C2C loans, as well as staking.

Staking on OKEx is generally easier than mining. OKEx Earn’s one-stop service to staking makes it even simpler. Users can view a list of available cryptocurrencies with details like estimated annual percentage yields and terms of stake by selecting Staking from the product filter.

E. Nominex

Nominex is a well-known trading cryptocurrency exchange, which was created in Estonia in 2019. It provides a user-friendly cryptocurrency trading platform for investors all over the world.

Nominex has low fees, many trading tools, simple, robust technology, and high-security levels all within one exchange. All types of cryptocurrency traders will find a simplified and more convenient trading experience with Nominex’s team of developers.

Nominex offers traders direct access, unlike traditional exchanges. This is in contrast to the need to use a broker to facilitate trading. Nominex is open 24 hours a day and has an easy sign-up process. You don’t need to have a passport or government ID to start trading, buying, and selling cryptocurrencies.

6. Crypto Lending

Crypto lending refers to a type of Decentralized Finance where investors can lend their cryptocurrency to different borrowers. In exchange, they’ll receive interest payments, also known as “crypto dividends”. Many platforms that specialize in lending Crypto also accept Stablecoins. Lending crypto to others is one top strategies on how to make money from cryptocurrency

Borrowers have the option to use their crypto assets as collateral or guarantees for loan repayments. The investors can also sell crypto assets if the borrower defaults on the loan, allowing them to recover their losses. There are a number of peer-to-peer lending sites available and we will be checking out the best ones.

Best Crypto Lending Sites

A. Xcoins

xCoins services were specifically designed to help people who are looking to avoid the usual difficulties that can arise when trying to get Bitcoin. Don’t worry about other unsecured Bitcoin loans. Use xCoins to quickly match potential borrowers with lenders or borrowers.

xCoins is a great way to get crypto lending approved. They are a popular choice among users due to their P2P lending model. We like their security. Their 2-tier encryption system gives them an advantage. It’s also possible to borrow Bitcoin with your credit card on this platform. This is something most websites don’t allow.

B. YouHodler

YouHodler, a Swiss-based fintech firm, was founded in 2000. It allows customers to take out crypto-backed fiat, stablecoin, and crypto loans.

The loan terms are 30-60 days long, the interest rates start at 3.3% and there are no additional platform fees. Applications are processed quickly.

The minimum loan amount is $100
YouHodler is a great option if you’re looking for short-term cash flow solutions.
It is a great place to start if you are looking for crypto or fiat loans that are secured by your crypto assets. YouHodler offers three loan packages, an easy application process, a user-friendly platform, and lightning-fast approvals.

7. Crypto Arbitrage

Crypto arbitrage refers to a trading strategy in which investors take advantage of slight price differences between digital assets across multiple exchanges or markets.

Crypto arbitrage can be explained by its name: it is arbitrage using crypto assets. This strategy takes advantage of the fact that cryptocurrencies can be priced differently on different exchanges.

Coinbase may have Bitcoin priced at $68,000 while it might be priced on Binance at $67,800. Arbitrage is about taking advantage of the price difference. An arbitrage trader could purchase Bitcoin on Binance, then transfer it to Coinbase and then sell the Bitcoin, making around $200.

Best Crypto Arbitrage Sites

A. OVEX.io

OVEX allows you to make money by allowing you to buy cryptocurrency on global markets and then to sell it on South African stock exchanges for a quick profit.

OVEX’s arbitrage product is a success because it offers instant trading to its customers. This means that you won’t need to worry about cryptocurrency prices changing between local and international purchases.

These changes could present a risk because a decrease in the value would cause a lower price to resell cryptocurrency, reducing your profit. OVEX offers extremely low fees – as low as 1% – so you don’t need to worry about additional expenses taking away your arbitrage profits.

MEDIUM-TERM CRYPTO EARNING STRATEGIES

When it comes to how cryptocurrency works to make you money, there are also medium-term strategies and long-term strategies. The medium-term strategies tend to earn more profits than the short term, but also take a little longer,

These strategies will suit people who can dedicate some time to observe what is happening, say once in a week or once in 2 weeks. Let me list this medium-term crypto money making strategies:

8. Join an Altcoin Launchpad

The unwritten money-making fact in the crypto space is this – if you get in early, you are sure to come out a winner.

When a new crypto project hits crypto space and starts getting significance, aggregators list them. Knowing where, when, and which tokens to buy into is a hell of a task.

Thankfully, there are aggregator platforms where you can discover these gems that will most likely blow up in worth before the mainstream gets to know about them. These are called crypto launchpads.

The crypto launchpads are where you can find these new tokens before they become popular and expensive. They vet the projects to avoid abandonment and outright scams by the project owners before listing them on their platform.

Here are the best crypto token sale launchpads where you can go and buy into new projects with rich potentials.

Best Altcoin Launchpad Sites

A. Binance Launchpad

Binance Launchpad is regarded as the first successful cryptocurrency launchpad. Binance is a successful launchpad that has funded many promising projects, such as BitTorrent and Injective Protocol.

Binance Launchpads projects have experienced significant growth in numbers, reach, and success. This is because the platform allows their IEO tokens (or other tokens) to be offered to the 13,000,000 active users on Binance exchange.

Binance Launchpad serves more than just as a platform to put up tokens for sale. It also acts as an advisory service and resource for future projects. Binance’s experience and insights help to mentor and streamline upcoming crypto projects.

B. Merchant Token Launchpad

Merchant Token is the first blockchain-based Consumer Protection Protocol! The Merchant Token Launchpad completed 23 out of 120 phases in five days, raising more than $3 million.

Hips Payment Group is the company that manages the Merchant Payment Protocol, Merchant Token (MTO), and Merchant Payment Protocol.

Hips AB has been a payment provider platform since 2015 and has a strong client base of over 200K merchants.

The token regulates a DeFi Payment Protocol which enables POS terminals to be placed on blockchains. It also provides consumer protection in crypto payments.

LONG TERM CRYPTO EARNING STRATEGIES

These include strategies to make money from crypto in the long term.

9. Become a Technical Crypto Expert

An expert in cryptocurrency is one who is knowledgeable about how digital currencies work, including how they are used and traded. 

There are many reasons to learn more about cryptocurrency and become a crypto expert and now is the best time to get started. The knowledge of how crypto works, its advancement, and how it will perform in the future will position you to make more informed decisions as regards finance.

>>> Explore deeper Cryptocurrency courses on Udemy

You can use this knowledge for your own profit as you can be able to trade and engage in many other cryptosystems that can put money into your pocket. 

What more? You can also make money by offering consulting services to investors and governments. 

To learn and become a crypto expert, you will have to take some advanced training courses, read crypto whitepapers, go for crypto conferences and pay attention to any crypto news.

>>> Here is a Certification course at Edureka

10. Crypto Mining with Crypto Mining Equipment

What is Cryptocurrency mining?

Crypto mining is the process of acquiring cryptocurrencies using cryptographic equations that are solved with high-power computers. This involves verifying data blocks, adding transaction records to a public (ledger), known as a Blockchain. This is protected by complex encryption techniques.

If you’re looking to see how to make money from cryptocurrency mining by yourself, then you’ll need a crypto mining rig. It’s the most secretive way on how to make money from cryptocurrency mining.

The crypto mining rig can be described as a custom-built PC. It includes all the standard components of a computer: CPU, motherboard RAM, storage, and storage. The graphics cards are where things can go awry.

When it comes to mining cryptocurrency, it’s the GPU and not the CPU that does the hard work.

A powerful GPU is required to mine cryptocurrency. You may need to purchase more than one GPU for more efficiency if you are serious about how to make money with bitcoins

Best Crypto Mining Equipt Hardware

A. Nvidia

NVIDIA GeForce3060 Ti is a powerful GPU that can be used for gaming and crypto mining. Although it won’t be the fastest, it will get you up to speed quickly for its lower price. The NVIDIA GeForceRTX 2070 is the perfect choice if you want something less expensive without sacrificing performance.

NVIDIA GeForce GTX 3060 Ti graphics cards are huge. A $399 GPU is usually reserved for people who are looking to build a budget PC or enjoy 1080p gaming on it. Based on NVIDIA’s new Ampere architecture, the 3060 Ti switches everything up. This card is great for mining and gaming.

B. Parallelminer GPU Miner

Parallelminer.com is a website that focuses exclusively on Cryptocurrency Mining Hardware. Centrix expanded its product line in 2015 by offering custom-made adapters, cables, and power supply kits specifically designed for the cryptocurrency mining market.

Their technology has been tested in their own mining facilities where they maintain and operate a 1.8Phs farm. Their solutions are based on first-hand knowledge, problem-solving on the job, and solving various mining challenges.

Being crypto miners themselves, they have a deep understanding of every component, accessory, adapter, cable, component, and connector they sell. Their products are constantly tested in real mining environments.

11. Create Cryptocurrency Content

One of the simplest, yet long-term ways of making money from crypto is to create content around the cryptocurrency ecosystem. As the saying goes, content is king – you can leverage this by creating quality content about crypto-related stuff and monetizing it.

There are tons of ways to monetize crypto content,  a google search will blow your mind.

Examples include affiliate marketing, AdSense and similar ad networks, selling informational products, PLR content, email marketing, etc.

Consider these content types:

• Create a Crypto Group or channel on Telegram.
• Create a Blog on Medium as we did.
• Host own blog with WordPress. See how.

12. Sell or Dropship Crypto Hardware or Software

You can make money by selling crypto hardware like mining hardware devices, hardware wallets, as well as software. If you don’t have the capital to sell crypto hardware, you can dropship it.

Dropshipping is a business model that allows anyone to sell directly to customers without having to stock any inventory. Dropshipping allows customers to purchase products from drop shipping stores and have them shipped directly by a third-party supplier.

You set the retail price and you pay the wholesale price. The rest is profit. You don’t have to manage products or invest in stock.

You can find dropshipping suppliers on major marketplaces like AliExpress, Alibaba, or Dropship Direct. 

Oberlo is the best place to dropship crypto products. Oberlo allows you to import crypto products directly from AliExpress into your Shopify store very easily.

Best crypto stuff to sell or dropship

CryptoTrader.Tax

CryptoTrader.Tax makes it a breeze for you to file your taxes from crypto earnings. It allows users to calculate their income taxes using cryptocurrency and generate income reports. It also helps them prepare tax forms

You can calculate the income from any type of transaction, including mining, mining, stakes, interest, and many others. CryptoTrader allows users to import transactions from cryptocurrency exchanges and generate comprehensive tax reports in minutes.

CryptoTrader can import transaction reports from Binance and Coinbase, Uniswap Kraken, CashApp, Crypto.com, Blockfi, and many other sources.

You can earn passive income by promoting their affiliate program to your contacts. They pay 25% recurring income for every referral customer.

13. Invest in Crypto Assets

Depending on when you are reading this, you need to find out which will be the next big cryptocurrency, then that has to be the best cryptocurrency to invest in. You can buy and hold it and watch it appreciate in value, then you can sell. 

You can only succeed in this by understanding cryptocurrency investment and how to monitor and take advantage of the promising ones. There are a lot of cryptocurrency investment strategies on how to invest in cryptocurrency but you have to be careful as there are some fraud cryptocurrency investment companies out there. 

To invest in crypto assets, you need to do this through cryptocurrency investment sites. Although there is also some cryptocurrency investment app. Finding the right site for your need and budget is very crucial.

The following are known good cryptocurrency investment sites, they are good for buying and holding crypto assets. This is well researched to teach investing in cryptocurrency for beginners.

You can also decide to move your Individual Retirement Account (IRA) into crypto assets. This is one way to ensure your retirement assets are placed in an asset that will continue growing in the long run.

Consider this – in the past 13 years, Bitcoin rose over 310%!

Best Cryptocurrency Investment Sites

Bitcoin IRA

For savvy investors looking to shield their wealth from the taxman.

As you may know, the US government tax system has caught up with the cryptocurrency trading system and started collecting taxes.

If you are able to find smart ways around them, you will make some good savings.

14. Run Cryptocurrency Master Nodes

Master nodes are part of the infrastructure that supports cryptocurrencies like Bitcoin, Ethereum, or Dash. Master nodes are not able to add new transactions to the blockchain like regular nodes. They verify blocks and play a special role in the governance of the blockchain.

Master nodes verify transactions in cryptocurrency, but unlike other nodes, they do not submit blocks to the network for verification.

Master nodes work on a collateral-based model, which means that they must have a substantial amount of cryptocurrency.

Master node operators receive guaranteed crypto earnings in return for their time and investment, which is usually a percentage.

Master nodes are part of the infrastructure that supports cryptocurrencies like Bitcoin, Ethereum, or Dash. Master nodes are not able to add new transactions to the blockchain like regular nodes. They verify blocks and play a special role in the governance of the blockchain.

Master nodes verify transactions in cryptocurrency, but unlike other nodes, they do not submit blocks to the network for verification.

Master nodes work on a collateral-based model, which means that they must have a substantial amount of cryptocurrency. Master node operators receive guaranteed crypto earnings in return for their time and investment, which is usually a percentage.

In Conclusion

These are the ways to make money from cryptocurrency. I have done my best to give you an all-around and comprehensive list and guide on how to make money with cryptocurrency.

My final advice will be that if you are seriously considering making money from crypto, then pick one strategy, master it and use it for a while. Don’t try too many at a time. You will surely come out richer for it.

So next time anyone asks you the rhetorical question, can you really make money from cryptocurrency? do them a favor and share this article with them.

Over to you. Tell me what you think of these lists. Contact me through the contact page and let me know.