Main ways to earn with cryptocurrency

Hello, everyone!)

Today we will discuss, how to earn with cryptocurrency and find out about all advantages and disadvantages of work with each method.

Let’s go to the first method.

Mining — independent extraction of cryptocurrency with computer equipment.

You can buy the equipment, install special services, and technique will work for you itself.

Pros:

Cons:

This way will be actual for those, who have significant balances for the first investment and who is technically skilled.

2. Cloud mining

You can buy cloud technique from other miners and not to use own equipment.

Pros:

Cons:

Cloud mining is suitable for those, who want to try to work with cryptocurrency, but doesn’t have enough funds for investment in own farm.

3. Buy cryptocurrency on crypto exchanges

You can buy and sell cryptocurrency directly on the exchanges, getting profit from the exchange rate.

Pros:

Cons:

Work on exchanger is a lot harder than it seems, you should be informed about all news, follow the rate and new currencies regularly, and also have healthy nerves.

4. Holding of cryptocurrency in the electronic wallet

Pros:

Cons:

The way will be right for those, who don’t want to be involved a lot and fitfully follow events in cryptocurrency world. The initial lack is the fact that you don’t manage finances, the method is similar to the bank deposit.

5. Cross-exchange of cryptocurrency on different exchanges

As on Internet now it is possible to find a lot of different exchanges, you can notice, that a price can be very different. Therefore you can buy cryptocurrency on the one exchange, transfer them to other and earn.

Pros:

Cons:

Exchange of cryptocurrency will require your patience and fast decision-making, cause while the transfer will be performed, the rate can be fall, and you can lose funds.

6. Managing of your finances by another person

It’s analog of Forex exchanges with PAMM-accounts. You can sign up on the website, put your funds and trust other people manage them.

Pros:

Cons:

This way is risky enough, cause you don’t manage funds, but it can bring you passive income.

We discussed real key methods of earn with cryptocurrency, and you can choose for yourself appropriate way and start to earn.

And you should remember, that only you bear responsibility for your finances, be careful with the choice of brokers, exchanges, and electronic wallets.

Follow our articles, and we help you to understand, why exchange rates of cryptocurrency grow and fall so harshly.

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