Cryptocurrencies are a fast-growing digital asset. It’s not only a good way to send/receive money globally but also has a good ROI potential for crypto investors, as we have seen in the last few years or so. Contrary to the popular belief, trading isn’t the only way to earn with cryptocurrencies.
Why avoid crypto trading
Cryptocurrency trading isn’t for everyone. Trading involves buying and selling tokens to earn quick profits from the price difference. It involves huge risk since cryptocurrency is a highly volatile asset.
If you want to make money with cryptocurrencies but are not ready for the risk of trading, there are many other better, safer ways to do that.
Making money with crypto is easy. Here’s how.
Some of the best ways to generate passive income with cryptocurrency are as follows:
HODLing
HODLing is equal to holding and refers to the process of buying and holding a cryptocurrency for a considerable period with the hope to get good returns when you sell it later. Crypto HODLing has many benefits. You can the benefit of compounding and the asset value grow with time. Second, long-term investing is the best way to mitigate risk, which is very important in the crypto space.
When buying a cryptocurrency to HODL, choose one with a high potential to grow. Libra Coin, for instance, is a powerful utility token backed by the Libra e-commerce system and has already doubled in value within just one year of launch.
Staking
Staking is similar to mining, except you don’t have to actually mine cryptocurrencies. In staking, uses are rewarded with free tokens for simply holding their coins in the smart contract of a particular blockchain. In a way, you earn recurring interest for buying and holding tokens. Staking has the benefits of both value appreciation with time and recurring income.
Lending
P2P lending is another great way to make money with your crypto holdings. It works the same as traditional lending. You find an investor and lend your tokens to them for a predefined period, in exchange for which you earn a fixed interest over the period, along with your cryptocurrency back after the period ends. However, there are many fraudulent actors in the crypto space, so be very careful when lending your crypto to some stranger.
There are reliable crypto lending platforms such as Binance, BlockFi, Nexo, Zebpay, etc. that you can look into when looking to earn money by lending cryptocurrencies.
Mining
Crypto mining refers to the activity of mining new cryptocurrencies. This is the core and one of the popular ways to earn with crypto. In order to mine cryptocurrencies, you need to have the right tools, including a powerful computing machine and a stable energy source, along with the knowledge of how mining works. Read tutorials to know more about crypto mining and how to get started. Mining pools are great to start with for newbies, as they cost less and have better return potential.
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Original Source: https://libraecosystem.medium.com/how-to-make-money-with-crypto-without-actually-trading-37a5ab1dd26e
The wallet must be connected and able to interact with a blockchain network so that cryptocurrencies can be easily moved from one wallet to another over the network.All crypto wallets can be broadly divided into three categories: software wallets, hardware wallets, and paper wallets.
As you can probably imagine, software wallets are based on the internet and, therefore, are more convenient and accessible.
These digital wallets also act as an interface to communicate with a blockchain when one needs to send or receive cryptocurrencies via the blockchain network.So, basically, crypto wallets, irrespective of their types, are used to store various important information about cryptocurrencies, including the wallet keys.Types of Crypto WalletsCrypto Wallets can be of the following types:Hot walleta.
Cold wallets are comparatively more secure, as they cannot be accessed or “hacked” online.1.
They generally need to be connected to the internet before a transaction can be performed using a software wallet.Software wallets can be further categorised as web wallets, desktop wallets, and mobile wallets.As the name suggests, web wallets can be accessed and used via a browser.
Desktop wallet software needs to be installed on a supported computer before using it.2.
This article will cover the forex scalping trading strategies and all the related facts that you require to know before getting started.The Main Points that we will explore in the guide are as follows: What is foreign exchange trading?Time Frames associated with forex trading?What are Forex Scalping trading strategies or scalp trading?Some top forex scalping trading strategies for traders Top Indicators for tradersChoosing the best brokerStep for scalpingWhat is foreign exchange trading?Forex exchange trading or current pair trading refers to trading currencies of different currencies in pairs.
The major currency pairs of this market include:The US dollar and euro: EUR/USD (or eur usd)The Japanese yen and the US dollar: USD/JPY.The US dollar and the British pound sterling: GBP/USD.The Swiss franc and US dollar: USD/CHF.Time Frames associated with forex tradingThe currency pair market is divided into three main activity sessions: the European, North American and Asian sessions.
There are various strategies in the forex scalping trading strategies system which you can follow.Some of these are provided below.Forex Scalping Trading StrategiesThere are numerous forex scalping trading strategies to choose from but, make sure that the strategy which suits your trading standards, time frame and long term goals best will provide you with better profit compared to the one which your friend recommends.
Traders who trade using these strategies generally take this step when they think that trend will reverse or pullback in future.3) Range strategies: Range traders usually check for resistance and support areas on charts, and then the investor tries to sell near resistance and purchase near the support arena.
Some examples of scalping methods include indicators such as the Bollinger band, moving averages.Bollinger Band scalping: The Bollinger band graph usually shows the volatility (whether high or low) of the currency pair market.
There are some essential factors which you should consider before opting for a firm.Speed of trade executionSpreads and trading costs charged on tradeQuality of order executionCheck whether the broker is regulated by legitimated financial authorities such as CySEC (the Cyprus Securities and Exchange Commission) or FCA (Financial Conduct Authority)Whether your funds and personal information are safe or notTechnical and analytical tools offered by the broker for monitoring the regular currency pricesSteps to be taken for ScalpingScalping requires reliable and good access to the financial market.
The primary role of the Shiftal coin is to help make crypto trading easier & affordable for the platform users by providing a highly secure, discount payment option.As a utility token for the Shiftal exchange, the Shfital coin supports a number of utilities and can be used for payments of trading fees, platform fees, listing fees and other charges on the exchange.Note: An exchange coin is created as the native cryptocurrency for a particular crypto exchange platform.
Shiftal coin, Binance coin, etc.
At a later date, the coin will be expanded beyond Shiftal and could be used for online/offline payments globally using the Shiftal debit card.The Shfital coin comes with a dedicated, secure digital wallet that can be used to store, manage and transact cryptocurrencies internally.Shiftal Coin Features & BenefitsShiftal coin is a powerful exchange coin that comes with a range of amazing features and benefits for users.
Let’s discuss some more features of the Shiftal coin in detail here.Exclusive to Shiftal usersOne of the core features of the Shiftal coin is that it’s the native coin of the Shiftal exchange and can be used exclusively on Shiftal platforms.
It provides a secure medium to pay fees and charges for the use of Shiftal exchange.Discount on fee paymentsThe Shiftal coin is designed such that it will automatically offer a discount when used to pay fees on the Shiftal exchange.
The value of the discount a user can receive is not fixed and can be changed later on.High liquidityShiftal coin has high liquidity, which means the coin can be easily swapped for cash or other cryptocurrencies through any exchange where it will be listed.
This Poloniex Exchange Review article will cover everything you should know about Poloniex digital asset trading platform.In fact, Poloniex Exchange is quite popular among crypto traders making its one of the biggest crypto exchanges in the world.
If you're already a member of this platform, you know how easy it is to create an account on this platform.
It only requires the email ID.Poloniex comes with various trading pairs such as margin trading, futures trading, and lending.
On top of that, Poloniex interface is user-friendly hence even newbies can easily use its features to maximize their profit margin.Moreover, this exchange supports more than 200 cryptos and tokens such as market leaders like BTC, ETC, and Doge to name a few.Key Features and OptionsAvailable over 200 cryptocurrenciesCharges low feesMargin trading and margin lendingPoloni DEX and IEO launchpadCryptographic signature Moreover, Poloniex supports credit and debit card payments.
Hence users can buy crypto with debit or credit cards.
Pros and ConsLow fees Supports various cryptocurrenciesMargin TradingMargin Lending Simplest account registrationConsSluggish customer service Previous hacking attackRestricted in some countries In conclusion, Poloniex exchange is one of the best options available for crypto users to buy and sell digital assets.
Warm greetings!We are delighted to let you all know that the POX token has been listed on Koinbazar.Here’s a glimpse of POX.Pollux coin (POX) is a Blockchain-based decentralized cryptocurrency that runs on Tron Blockchain designed for the file sharing and storage of data where we can keep data securely in decentralized cloud storage without third-party interference.
There will be no issue of losing data as feared in the centralized cloud storage providers.
Pollux coin holders will have multiple benefits in the future.
The result is an overall cost reduction for the consumer.
Pollux bringing Cloud storage to a public Blockchain network and acts as a distributed, decentralized storage facility that makes it more efficient and cost-effective.
Besides this Pollux Coin will also be used for utility bills, mobile recharges, and various payment methods.You can now buy, sell, trade Pollux Coin (POX) in the BTC, ETH, USDT, and INR markets of Koinbazar.Trade POX/BTC - https://www.koinbazar.com/trade/POX-BTCTrade POX/ETH - https://www.koinbazar.com/trade/POX-ETHTrade POX/USDT - https://www.koinbazar.com/trade/POX-USDTTrade POX/INR - https://www.koinbazar.com/trade/POX-INRNote:Crypto markets are highly volatile.
