We will list the most profitable ways to earn cryptocurrency with and without investments, which are suitable for both beginners and experienced users. What is important is that this material is relevant for 2022, since there is a lot of old information on the Internet that has lost its relevance several years ago.
We have compiled step-by-step instructions that describe in simple words where and how residents of Russia and the CIS countries can get cryptocurrency, what is needed for this, as well as the features and risks of each method.
The article will be especially useful for beginners, because due to the lack of experience and knowledge, beginners often lose their invested funds by believing in a far from the most profitable and effective strategy for making money on stocks/arbitrage/trading or by investing in a scam project.
Is it possible to avoid unpredictable costs and become the owner of cryptocurrency without losing your invested money? Certainly. There are several ways to do this; let’s look at them in more detail.
Cryptocurrency exchanges - buying and trading digital assets
Cryptocurrency exchanges should be considered in first place in terms of reliability for working with cryptocurrency. To exchange cryptocurrency, you need to register on a trusted crypto exchange (for example, Binance) and top up your deposit in traditional currency or crypto assets. You can make money from fluctuations in the cryptocurrency rate by selling at a higher rate than when buying.
Advantages:
- variety of cryptocurrencies: you can buy/sell any coin that is attractive to you for investment;
- The minimum deposit required to enter the exchange allows you to work with small amounts;
- the opportunity to earn a lot by buying foreign currency cheaply and selling it at a higher rate;
- Cryptocurrency prices on exchanges are determined solely by the relationship between supply and demand, and not by adding a markup to the market price, as is the case with exchange services, therefore
- it is more profitable to trade cryptocurrency on the exchange;
- large reserves of popular cryptocurrencies.
Flaws:
- the set of currency pairs on different exchanges differs: Bitcoin is everywhere, but less popular young currencies may be absent;
- the need to pay a commission for the operation of the exchange, the amount of which also varies depending on the specific trading platform;
- not all exchanges support fiat currency and allow you to top up your account only with cryptocurrency, which must first be purchased at the exchanger;
- takes a lot of time, since you need to constantly monitor the dynamics of the exchange rate and be ready to quickly respond to its changes.
Rating of TOP 5 cryptocurrency exchanges for 2022
The reliability of the site is primarily determined by the trading volume and the number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from Visa/MasterCard and payment systems QIWI, Advcash, Payeer .
Especially for beginners, we have prepared a detailed guide: How to buy Bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Grade: |
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is given in our rating of crypto exchanges:
- Reliability of operation
- stable access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the period of operation on the market and daily trading volume. - Commissions – the amount of commission for trading operations within the platform and withdrawal of assets.
- Reviews and support – we analyze user reviews and the quality of technical support.
- Interface convenience – we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Features of the platform are the presence of additional features - futures, options, staking, etc.
- The final score is the average number of points for all indicators, determines the place in the ranking.
To make good money on the stock exchange, you need to have perseverance and patience to monitor cryptocurrency quotes 24/7 and instantly respond to their fluctuations.
Also, you should not limit yourself to one crypto exchange, but register and trade on several platforms at once, since each of them has its own advantages and disadvantages. Diversification of investments between different trading platforms will also reduce risks.
The best thing is to work with the largest and most reliable exchanges with an excellent reputation, which, in addition to favorable rates and ample opportunities to make money trading cryptocurrency, offer enhanced protection and complete security of digital assets.
The most reliable exchanges are those with the highest cash turnover. Each exchange has its own advantages or disadvantages. One may have many trading pairs, another may have convenient methods for depositing and withdrawing money, low commissions, and the third may have a convenient interface. Therefore, you should not limit yourself to one exchange, but register and work on several.
Staking is a cryptocurrency analogue of a deposit!
As you understand, the mining process is extremely demanding on computing resources, because if your resources are insufficient, your competitor will perform the calculations first, which means that only he will get the reward. And if in your case this is just annoying, then in the case of the whole planet this means huge waste of electricity and, as a result, environmental deterioration.
New blockchain developments have tried to solve this problem in another way, which is called PoS, or proof of ownership. The right to form blocks containing transactions is given to a number of holders of large amounts of cryptocurrency, who leave it as collateral as a guarantee of their honesty. By forming a block, they also receive a reward. Such blockchain users are called validators, the process of forming blocks is called validation, and the procedure for presenting the required amount of cryptocurrency is called staking. At the same time, unlike the PoS algorithm, the reward between all validators is usually divided evenly.
And since the amount of the validator’s cryptocurrency directly determines his participation in the process, there is a whole set of services that allow you to accept funds from ordinary users to participate in the validation. Often these are decisions of companies that have their own validating nodes and accept user contributions, but in some cases the participation of ordinary users is also allowed by the blockchain itself. For example, in the Free TON blockchain, a young technological project, there is DePool technology - which allows any user to participate in staking, without the risk of depending on the decision of a certain company.
As a rule, the percentage of income from staking is far from cosmic heights and ranges from 5% to 20% per annum, with rare exceptions. However, on the other hand, the risks of losing your investments are minimal.
Are there other ways?
Cryptocurrency staking
Proof-of-Stake coins allow network users to store their coins in exchange for rewards. In terms of earnings, the principle is similar to masternodes, but requires much less effort. It is enough to simply store funds in a wallet on a crypto exchange. The more coins, the greater the reward.
Staking is the process of storing cryptocurrency in order to receive rewards by ensuring the functionality of the blockchain. Staking involves storing tokens in an exchange account and receiving rewards depending on the number of stored tokens. To make it easier to understand, staking can be compared to a bank deposit at a certain percentage.
The largest crypto exchange, Binance, has the largest cash turnover (maximum liquidity) and the best conditions for receiving passive income from storing cryptocurrency, due to an extremely wide selection of instruments. It is also extremely important that the exchange supports transfers in rubles from Visa/MasterCard and QIWI payment systems, Advcash, Payeer .
Staking on Binance is presented in the form of three types of financial products for passive income:
- Products with flexible conditions (dynamic rate of return, the ability to withdraw assets at any time without loss of income). These include floating rate deposits, Launchpool and BNB Vault.
- Products with fixed conditions (fixed profitability and storage time). These include fixed rate deposits, staking and promotions. A special place among these products is occupied by Ethereum 2.0 staking.
- High-risk products (higher returns, unlimited risk of losses). These include DeFi staking, dual investing, and Liquid Swap.
The official website of the Binance exchange is https://binance.com/.
We tell you more about staking crypto assets on Binance here.
Method 2 - looking for a promising asset!
Since the creation of Bitcoin, many other types of cryptocurrencies have emerged, each with its own properties. Some are very technologically advanced, while others owe their price to tweets from famous people. We will not understand the reasons, but will simply give examples of the growth of some cryptocurrencies over the year:
ADA, a cryptocurrency of the Cardano blockchain, launched in 2022, was worth about 5 cents in May 2022, while its value currently exceeds $2!
DOT is a cryptocurrency of the Polkadot blockchain, which started in October 2020 with a price of 4 dollars and is currently worth about 40!
SOL is the cryptocurrency of the Solana blockchain - back in June its price was about 60 cents, and now it is more than $55.
All of these cryptocurrencies have in common the solid technological foundation of their blockchains, unless you take into account the controversial situation with Dodgecoin, a cryptocurrency created as a joke that Elon Musk launched with the help of tweets from a value of half a cent at the beginning of the year to an impressive half dollar at the moment. There can only be one piece of advice - evaluate the technological advantages of young projects, buy undervalued tokens, but do not forget that such a strategy can either enrich or ruin you.
And if you don't want to take risks...
Cryptocurrency exchangers
For novice users, an easier option may be to use an online exchanger. “Matbi” is distinguished by a simple and understandable interface in Russian.
Account replenishment, as well as withdrawal of funds, can be done to a VISA or Mastercard card without commission. “Matbi” has been successfully operating since 2014 and has already earned the trust of many users. At the moment, free transfers of cryptocurrency funds between Matbi accounts are possible.
Main advantages of the service:
- favorable rate among exchangers;
- many ways to replenish your account and withdraw funds, including Visa/Master Card;
- Availability of a mobile application for Android and iOS;
- Online wallets for storing various popular cryptocurrencies are provided free of charge.
- the wallet is protected by a system of three passwords: pin, from SMS and from email;
- all transactions are carried out automatically, 24 hours a day;
- prompt technical support.
- There is a five-level referral program.
All transactions are processed instantly and automatically.
Largest international exchanges
Among international trading platforms, not only Bitstam and BTC China are in demand among clients. For example, the American Cryptsy allows you to trade more than a hundred cryptocurrencies of various types. Interest on the account balance here is accrued in BTC currency.
Kraken and the Bitcoin exchange of the same name were launched in San Francisco more than five years ago. The exchange has a high level of security.
Another American international cryptocurrency exchange, Poloniex, was launched just a year ago, but may be of interest to traders due to low interest rates and the availability of p2p loan services.
Cloud mining - renting power for cryptocurrency mining
Second in our ranking is cloud mining, since it is the most profitable way to earn cryptocurrency in the long term (contracts for a period of 1-2 years).
Mining has always been the most profitable option for investing in cryptocurrency, but starting in 2022, purchasing and maintaining your own equipment (ASIC and GPU farms) for mining digital assets has become completely unprofitable due to a reduction in mining margins.
However, classic mining has successfully replaced cloud mining, since contracts in it (power for cryptocurrency mining) are much more profitable than own equipment, due to a significant reduction in cost - the costs of purchasing, maintaining and servicing equipment.
In cloud mining, the equipment is owned by a company that rents it to users for a certain price for a period of 1 year.
It is worth using only the most reliable and proven services, for 2022 this is IQ Mining (the editors of Mining-Cryptocurrency.ru purchase contracts from it).
TOP 3 best cloud mining services, with current estimates for 2022:
| Service | Grade | Detailed review |
| IQ Mining (editor's choice!) | 9.5 | Read review |
| ECOS | 7.9 | Read review |
| HashFlare | 6.8 | Read review |
Cloud mining is based on the operator acquiring large computing power, setting it up for the extraction of certain cryptocurrencies, after which this power is rented out in parts to smaller consumers. The main unit of measurement when determining shares is the capacity MH/s, while the client, if desired, can additionally rent capacity in order to increase their own investments in production.
An important advantage of cloud mining is the minimum entry threshold. If you have to spend money to buy your own equipment, cloud services offer rental of small capacities at minimal prices with the possibility of additional purchase at any time.
Another advantage of cloud services is the ability to work with mining for users who do not have knowledge of programming and setting up equipment. The tenant simply receives a set amount of remuneration in Bitcoin, Ethereum or other cryptocurrencies specified in the contract.
Pros:
- Low entry price.
- Fast payback.
- Does not require technical knowledge about mining and cryptocurrencies.
- A variety of tariff plans for mining different coins.
- You can mine several cryptocurrencies at the same time.
- The ability to systematically increase your own capacity to any extent.
Minuses:
- Commissions for withdrawing cryptocurrency (with small volumes it is not profitable to withdraw frequently).
- Withdrawal only in cryptocurrency.
- There are many scammers, services that are created for several months and then disappear with investors’ money (use only reliable services).
The full rating of the best cloud mining services can be found here. There we also published a list of scam projects, so that you do not fall into the hands of scammers, choose only reliable, time-tested services.
Competitions - from each according to his ability, to each according to his work!
All of the above methods for generating income require certain financial investments.
But is there a way? allowing you to earn money on cryptocurrency with your own labor? Oddly enough, there is.
Many blockchains develop their community through the Governance management system. Participants are encouraged to perform useful work for the development of the technology, and the best solutions can be rewarded with the cryptocurrency of this blockchain. Such solutions can be found in Polkadot, Solana, Near…
We have already mentioned Free TON, an innovative blockchain platform that grew out of a blockchain project for Telegram. Having inherited TON technologies, Free TON has gone even further by proclaiming complete self-government and a meritocratic system for the distribution of cryptocurrency.
In short, every Free TON user who has contributed to the development of the platform has the right to count on a reward. This mechanism is implemented through competitions.
Each community member can propose their own competition by posting it on the forum. Once approved by the community, the competition is posted on gov.freeton.org. Anyone with an account in the Free TON cryptocurrency can take part.
Over the course of the year, the Free TON community held more than 160 competitions of various levels and specializations. From complex competitions to develop smart contract systems for decentralized voting, to a Christmas card or sticker competition that attracted hundreds of participants. Development, design, testing and essay writing competitions - the community hosts competitions for every taste. The rewards can surprise even an experienced trader: for winning developer competitions, the rewards were 300,000 TON Crystal - the Free TON cryptocurrency, the price of which is now about 60 cents. And although design and writing competitions are more modest, and their awards range from 5,000 to 15,000 TON Crystal, this is still very high.
Arbitration of rates on exchanges and exchangers
On exchanges and exchangers you often encounter so-called rate forks, this is when the rate on one resource is slightly higher than on another. By carrying out simple trading operations, you can make money on this difference. For example, exchange Qiwi for BTC in one bitcoin exchanger, and then exchange BTC for Qiwi in another with a profit. This scheme is also called rate arbitrage.
There are programs that make the task easier, which automatically monitor all the services included in the database and select the most profitable chains. As an example, Kurs Expert Arbitration.
The resource creates chains that include up to 5 exchangers, so that the result of making money on cryptocurrency exchange is as profitable as possible. Additionally, it also evaluates the reliability of sites, takes into account the commissions of payment systems and the cryptocurrency exchangers themselves, and offers a large selection of individual settings.
Arbitration is a very voluminous topic; we described its features in more detail in a separate article.
Differences between cryptocurrency exchanges and stock and foreign exchange markets
If you compare the cryptocurrency market with the foreign exchange and stock markets, it is worth noting that on bitcoin exchanges the volatility indicators are several tens, or even hundreds of times higher. Volatility can affect the value of a cryptocurrency at one time or another. The Bitcoin price has risen by more than 5000% over the past three years. You definitely won’t see similar results in the stock market.
The Bitcoin exchange allows a trader to enter trading with a minimal investment of personal funds and win 5 or even 10 times more on the colossal difference in the value of currencies. On the other hand, the risks of trading cryptocurrency are also much greater than when working on the stock market.
Masternodes
A masternode is the main node in a decentralized network. It performs actions that simple nodes cannot, such as direct or private transactions. Launching a masternode is not accessible to everyone, as it is expensive and technically difficult. However, in return, masternode owners receive a percentage of the rewards for blocks found during mining.
Examples of cryptocurrencies that provide the opportunity to purchase a masternode:
- Dash.
- ImageCoin.
- Blocknet.
- Stakenet.
The full list is on the website https://masternodes.pro/
There are a number of factors on which earnings from masternodes depend. These are the features of a particular coin, changes in its exchange rate, and the mining protocol. When choosing which masternode to invest in, you need to analyze which coin will give the fastest payback.
Development of crypto projects using the B2B model
Creating a B2B company focused on cryptocurrencies and blockchain is a unique example of cryptocurrency business ideas. And this type of business will also allow you to make money. Many people have great ideas for cryptocurrency projects, but have no idea how to write code or how to put all their ideas together into a cohesive working product.
A company with a B2B operating model can focus on a specific segment of the digital asset industry, be it ICO/STO campaigns, the development of certain types of altcoins or stablecoins, or may even dive into creating applications for the decentralized finance space (Dapps).
Working with payment in cryptocurrency
This option is suitable primarily for IT specialists, and secondarily for designers, copywriters and marketers. It is possible to earn cryptocurrency using your knowledge and skills - writing texts, creating designs, editing videos, editing photos, etc.
Freelancing is usually the most obvious answer to the question of what kind of business to start on the Internet. Many companies looking for freelancers are now willing to pay in crypto. Examples of sites where you can find employers:
- Crypto.jobs
- Cryptojobslist.com
- Bitgigs.com
- CryptocurrencyJobs.co
- Cryptogrind.com
- ethlance.com
More information about vacancies in the cryptocurrency market and sites for finding work in the blockchain field can be found in a special material.
Crypto exchanges and trading
Crypto exchange is considered one of the most common cryptocurrency business ideas. However, developing a trading platform from scratch will require significant labor costs.
A good exchange has an experienced team of developers, analysts, significant initial financial investment and strong management who know how to lead a cryptocurrency business to success. In addition, you will need a strong business model, where the first thing you need to pay attention to is security measures, advertising, as well as strategies and ideas that can attract traders and liquidity.
Bitcoin faucets
The simplest and, I would even say, primitive way to earn bitcoins from scratch is to complete tasks on so-called faucet sites. The tasks are extremely simple and do not require any specific skills from the user and, as a rule, Bitcoin faucets with instant withdrawal. For example, enter a captcha, mark elements in pictures, watch videos or emails, follow links, etc., and quickly withdraw the amount.
The earnings will be very small. Typically, the reward on faucet sites is 1 satoshi – that’s one millionth of a bitcoin. At the current exchange rate, this is less than half a penny, but if you register on several sites at once and regularly log in and complete the Bitcoin faucet task, the amount will be transferred immediately to your wallet and someday you will earn a decent amount, since earnings on Bitcoin faucets are not significant, many They are looking for Bitcoin faucets that pay with instant payout in order to withdraw a certain amount to a wallet and not touch it, but save it, thereby making a Bitcoin accumulative faucet.
There is an automatic Bitcoin faucet, which has been working on the market for many years, delighting participants with steel and high payouts (relative to other faucets): FreeBitco.
A complete list of current Bitcoin faucets can be found here.
Unfortunately, you won’t be able to “download” a Bitcoin faucet so that all actions are performed automatically through the program. But the earnings from Bitcoin faucets are very small in any case.
It is simply impossible to build more or less reasonable cryptocurrency earnings on such sites. How to put together initial capital, as in other types of earnings that are indicated in this material.
The most popular cryptocurrency exchanges
One of the most popular and in demand cryptocurrency exchanges on the trading market is Bitfinex. The volume of its turnover on the stock market is quite high. In terms of trade volume, it is one of the largest in the world. The following cryptocurrencies are traded: BTC and LTC. Directions for exchanging BTC for US dollars, BTC for LTC and LTC for US dollars are available. The Bitstamp exchange is also in demand among clients. This exchange operates only in the BTC cryptocurrency; there is only one pair for exchanging currencies. The VTS-e company is widely in demand among Russian-speaking clients and is one of the five largest bitcoin exchanges on the network. Allows its clients to participate in trading without going through the verification procedure.
Other less popular methods (extremely ineffective - not suitable for everyone)
There are several other ways to earn bitcoins, but they have significant limitations - they are not suitable for all users (trust management and issuing loans), or they bring too little income, often almost zero (Airdrop and Bounty).
The choice of the appropriate method depends on the answers to the following questions:
- Ability and desire to invest your own funds;
- Set goals (long-term prospects for maximizing profits, urgent conclusions);
- Having a lot of free time.
Airdrop
Airdrop is a type of marketing strategy in which tokens are distributed free of charge to new clients or existing owners of a certain cryptocurrency. That is, in essence, this is a free distribution of tokens of various cryptocurrencies to users for the purpose of advertising or increasing loyalty.
Recently, these events have become increasingly popular, so it is important to know the platforms on which information about ongoing Airdrops is published.
The list of such projects can be found on specialized sites - TOP 7 sites with a selection of free token distributions.
Bounty
Bounty campaigns are created to promote new technological projects and cryptocurrencies. As part of such events, participants receive a reward in the form of new tokens, which can then be exchanged on cryptocurrency exchanges for fiat money (rubles, dollars, euros) or left in their wallet in the hope of a significant increase in the rate in the future.
Types of bounty campaigns:
- Advertising on social networks - posts, tweets, comments, likes;
- Advertising ICO in the signature of messages on the BitcoinTalk forum;
- Translations of information about ICO into local languages - website, announcements, white paper;
- Search for project bugs;
- Development of software add-ons - wallets and mobile applications;
- Writing and publishing articles on blogs and news resources;
- Mailings;
- Design - logo, landing page, booklets.
How to earn cryptocurrency by participating in bounty campaigns? You need to do the following:
- Explore current projects. Their list can be found on the websites neironix.io, bountyhub.io and others.
- Evaluate the activities and reputation of the organizers, read reviews on the Internet. You should not participate in a bounty campaign if you do not understand the real value of the product (service, technological solution) behind the new coin.
- Familiarize yourself with the terms and frequency of remuneration payments.
- Register in the project.
- Complete tasks. Usually, organizers ask participants to be active on social networks (like, repost, join groups), create posts, and translate foreign content into Russian. Sometimes there are jobs for web designers and programmers.
The amount of real earnings in a bounty campaign depends on two factors: the amount of investments attracted to the project and the exchange rate of the new cryptocurrency. The reward is distributed among all participants in proportion to the complexity of the tasks performed.
Trust management
Already from the name it is clear that the money will have to be entrusted to management. To whom? Crypto broker or crypto fund. They will decide what to buy and what to sell, when and how. Their earnings are part of the profits received from managing your money. Interest is negotiated individually by each fund. The most common scheme is 50/50.
- Pros - no need to think about what to invest in;
- Disadvantages - high entry threshold (several million rubles) and risks of broker reliability (may lose your money).
For both crypto mutual funds and crypto funds, big risks are associated with the lack of a legislative framework and the short period of time for managers to develop reputations.
Issuance of loans
So far, this is a rather unusual way to build earnings on cryptocurrency - issuing loans to private people or organizations. There are special p2p platforms where you can transfer a private loan.
The advantage of this method is that the amount of earnings is virtually unlimited: you can assign any percentage of remuneration, and the borrower will be forced to repay the amount specified in the contract.
However, there are also plenty of disadvantages. Thus, the number of non-repaid loans is quite large, and you have to go to court to defend your interests. And since Bitcoin in Russia is semi-legal and is considered a quasi-currency, the outcome of the court’s decision is difficult to predict.
Therefore, you can try this method only if you have significant capital and on a site that insures loans or helps repay overdue debt. For now, this method is quite “crude” and we do not recommend it because high risks do not justify the possible benefits.
Platforms that pay with their tokens for publications
There are several large portals on the Internet that pay users with cryptocurrency for writing articles.
Most often, these are sites that pay with their internal tokens, which can then be sold or exchanged on an exchange. Let’s make a reservation right away, the real income here is close to zero, as in all ways of earning crypto without investments.
Steemit
The first site we will talk about is Steemit. This site belongs to the Steem cryptocurrency.
On this site, anyone can publish their article and make money from it. Payments are made using their internal Steem Dollars token.
LBRY
LBRY is another platform with its own currency (LBC). However, it is significantly different from Steem. LBC used on the platform must be purchased or mined by users, who will pay it to you.
Their website lbry.tv is something like a YouTube analogue that allows you to upload videos. If users like your video, they pay you LBC.
Dtube
Dtube is a decentralized Youtube (although it is not a Google project), in fact it is the same site as LBRY. Users can upload videos and receive rewards in the form of crypto tokens for uploading quality content.
Since DTube is created on a blockchain like Bitcoin, it adheres to the same rules: security and decentralization. On the other hand, since the TPS speed is quite low, content on DTube can take forever to load, especially if your video is more than 10 minutes long.
Method number 1: creating bots
"Bot" is just a technical term for a program that can do something.
Such a program can be created and sold to someone who needs to automate what the program can do. To show you the technology for developing and selling bots, I created a bot for Airbnb. This bot allows users to enter information about a certain city and returns information about all the homes that Airbnb offers in that city. This includes data on price, rating, the number of guests the house can accommodate, the number of bedrooms, beds, and bathrooms. And all this is done through the use of web scraping technologies to collect data from posts posted on the Airbnb website.
In order to show this bot in action, I'm going to use it to find out what you can shoot in Rome, Italy. I pass the relevant data to the bot, and in seconds it finds 272 unique offers and formats them in the form of a convenient Excel sheet.
Now it is much easier to work with such data than on the website. You can, for example, compare different homes and their features. In addition, it is convenient to filter this data. There are 4 people in my family. If we are going to Rome, we will need an Airbnb accommodation with at least 2 beds that is reasonably priced. Due to the fact that all data is collected in a convenient format in Excel, you can work with it very productively. As it turns out, 7 out of 272 results meet my needs.
Among these 7 results, I would choose the Vatican St. Peter Daniel accommodation. It has a very good rating and, of the 7 results found, it is the cheapest ($67 per night). Once I have found something that interests me, I can take the corresponding link from the table, open it in the browser and book accommodation.
Finding a place to stay while traveling can be a daunting task. I'm sure everyone has experienced this. That is why there are people who, in order to simplify this process, are willing to pay. I managed to simplify the search for housing using a bot I created. I just showed you how I found exactly what I needed in just 5 minutes.
People are willing to pay for something that makes their life at least a little easier.
Mining
A popular type of earnings on digital assets is mining. At times, cryptocurrency mining becomes not as profitable as the user would like. Bitcoin mining is not suitable for beginners. Large firms that have:
- a huge amount of relevant equipment;
- inexpensive office rental conditions;
- unlimited electricity;
- high speed internet;
- service staff.
You need to mine digital assets only when it becomes possible not to immediately sell some of it to cover your operating expenses.
How much can you earn on cryptocurrencies?
2017 proved to everyone the great possibilities of cryptocurrency trading. Moreover, even the “buy and hold” strategy would bring more than 1000% per annum when purchasing any cryptocurrency.
You can earn hundreds of percent per annum on cryptocurrency. For example, if you buy 1 Bitcoin for 500 thousand rubles, then in a year you can expect to have 1-3 million rubles. At the very least, in 2 years it should definitely grow.
Cryptocurrencies allow you to earn very substantial amounts without leverage. The reality is that coins fluctuate in value by 10% per day. This very strong volatility in the hands of professionals allows you to make quick money.
To answer the question: you can count on income of 100% per annum.
Investing in IEO and ICO
In the cryptocurrency environment there is such a thing as ICO and IEO. In concept, it is very similar to an IPO in shares, but has a number of differences.
ICO (initial coin offering) is a fundraiser to start a new project in the cryptocurrency world.
At the stage of formation of a new coin, its cost is most often cheap. Investors who invest money in ICOs have a high chance of making good profits in just a couple of months.
Instead of shares, investors receive “tokens” for their investments. In simple terms, this is a new cryptocurrency that is simply cheap. Almost all ICO companies accept money in Bitcoin and Ethereum.
Pros of investing in ICO:
- There is a chance to buy cryptocurrency cheaply at its very start;
- It's easy to invest money using Bitcoin and Ethereum;
- High earnings prospects;
Minuses:
- The ICO market after 2022 is practically non-existent;
- There are risks of project failure;
- The token price is often inflated at launch;
- There are many pseudo-projects that simply seek to raise money after which the project does not even start;
Nowadays, instead of ICOs, IEOs (initial exchange offerings) are most often carried out.
IEO (from the English “Initial Exchange Offering” - initial exchange offer) is a model of financing (crowdfunding) of a new cryptocurrency, which with a guarantee becomes available for trading.
IEOs are conducted by crypto exchanges. After which the token undergoes listing. In this case, the investor is protected from fraud, since the audit is carried out by the exchange.
Binance regularly conducts new IEOs. Since there are many people who want to take part, the exchange holds a lottery. For every 50 BNB (Binance Coin) held, the investor receives 1 lottery ticket. If he wins, he gets a chance to invest the money.
Analogues of mutual funds
The increased interest in cryptocurrencies has prompted the application of time-tested financial instruments to this market. For example, mutual funds. Such funds will help reduce the risks of independent investing and reduce the barrier to entry into the cryptocurrency market.
As with conventional mutual funds, the meaning of such investing is simple. You entrust your funds to a manager who forms an investment portfolio with their help, as well as with the help of other mutual fund participants. But instead of shares and other securities, it contains tokens. How to start earning cryptocurrencies? Use analogues of mutual funds. This method is good for beginners.
The advantages of this form of investment:
- Profitability
- Low entry threshold
- Opportunity to receive weekly interest
Of the minuses, we note:
- Time threshold at which money cannot be withdrawn from the account
- Risk of a cryptocurrency market collapse
Analogue of trust management
Another way to make money on cryptocurrency, which migrated from the traditional financial sector. This method is similar to the previous one in that your finances will be managed by professionals - a community of crypto brokers with the necessary experience and knowledge.
The advantages are identical to the advantages of cryptocurrency mutual funds:
- Low entry threshold
- High profitability
- Possibility to earn interest
But there are more disadvantages:
- Transactions and communication take place through Telegram
- Information about participants is hidden
- Deposited funds cannot be withdrawn
- Lack of verification
Many market analysts consider this way of earning money to be an analogue of the financial pyramids of the 90s. But maybe you'll get lucky?
