Because of the pandemic, most of the business owners and laborers especially in the private sectors were all affected. People are looking for jobs especially for home-based jobs as most people are working from home and they want to know if how they can earn online. Many are searching for popular niches and one of it is through Cryptocurrencies. What are cryptocurrencies by the way? How are you going to earn online using these cryptocurrencies?
CRYPTOCURRENCIES
I started to invest in Cryptocurrencies last April 2021 because I was influenced by my sister who always insisted to invest my money online. Cryptocurrencies are digital currencies and can be used as a form of online payment for goods and services you want to purchase. They are like tokens in an arcade game, if you want to play and access their services offered, you need to exchange the real currency or the money you have for their tokens. The well-known cryptocurrencies right now are BTC or Bitcoin and ETH or Ethereum.
INVESTING
For you to earn online using cryptocurrencies, you need to invest by depositing the money you have using bank transfers or e-wallets for you to have that amount in your crypto-wallet like Binance. The money is now ready for you to invest in cryptocurrencies. In any form of investment online, there is always a risk involved. As I learned from my investment, only invest money online with the amount of money that you can afford to lose.
TRADING
In a crypto-world, one principle you need to always put in your mind is to “buy low and sell high”. After investing, we need to trade our money for some time or we also have spot trading where you can earn within an hour or in just a couple of minutes. The price of cryptocurrencies is volatile meaning anytime the price will get higher and anytime the price will get lower. The value of these cryptocurrencies changes from time to time. You need to be vigilant and monitor the price closely. Others used technical analysis and some previous patterns to predict the value of these digital tokens but to be honest no one knows the exact price for the next second and minute.
For you to be successful in trading, see to it that you will buy more cryptos when the price is low. Start to accumulate more cryptos when the cryptocurrency market is down. Once the price of the crypto reaches ATH or All-Time High, then that’s the best time to sell the crypto you bought with the current price by using crypto-conversion.
SAVINGS
If you are using Binance as your cryptocurrency wallet, one way for you to earn is through savings. They offer savings products for you to keep your cryptos and earn free digital coins from the interest they will earn. In Binance Savings, you can choose Flexible Savings wherein you can redeem the amount you invested any time or you can go to Locked Savings wherein you can keep your crypto amount for several days and then withdraw the amount with a bigger interest earned like the Time Deposits interest you earned in a bank.
FREEBIES
There are some freebies or giveaways in some crypto-wallets online. Like they are giving free digital coins especially if you are trading with a large amount of money involved. They also have freebies for their exclusive members or investors especially if you are using the crypto-wallet for a long period.
REWARDS
Using your Binance Card, you can earn rewards when you use it like spending it on their merchant partners worldwide. The more money you will spend, the more rewards you will get. You can also take advantage of the free BNB tokens per transactions if you provide liquid pool.
To conclude
I still have my money invested in cryptocurrencies for long-term trading. Patience is a virtue as we all know. We may not get rich instantly but if we will wait for the right moment and perfect timing, we will reap the rewards in the long run. So if you want to try investing in cryptocurrencies, have more research on the particular crypto you want to invest. Remember, only invest on what you can afford to lose.
If after research and you are still not confident to invest, that is totally ok. You can check out other popular niches for year 2022 for you to earn online.
