Everyone is talking about crypto currency, and for sure many envy those who once bought a bitcoin for $ 10 and now in chocolate. There are people who think that they will have time to jump into the last train car of the “Crypto currency – Cloudless pension”. Below I will tell you about the most interesting and popular ways of earning money on the crypto currency, but not the fact that you will be able to multiply your money.
Meaning: if we speak in plain language, it is the extraction of crypto-currency for a fee. It is necessary to assemble a farm (a computer consisting of a dozen powerful video cards with special software) under the crypto currency you want to mine.
- Very high entry price.
- Very long payback period of equipment.
- It is necessary to understand well the technology and software.
- Constant investments in the upgrade of the farm.
Outcome: pleasure is not from the cheap. It will take at least 1.5 million rubles to organize a more or less working farm, which will bring you income.
2. Cloud Mining
Meaning: you buy power from other miners, while you yourself do not have the equipment. Accessible mining for all.
- Low entry price.
- Payback of the invested money for 4-6 months on some crypto-currencies.
- Do not be technically savvy.
- A variety of tariff plans for mining different crypto currency.
- You can hoist a few crypts simultaneously.
- Additional costs for electricity (in some tariff plans).
- Commission for the withdrawal of crypto currency.
- The conclusion is only in the crypto currency.
- The invested money is frozen for a year.
- The probability of a data center failure.
- The risk of hacking.
Outcome: suitable for those who want to participate in the race for crypto currency and trumpet the newfangled profession “miner”. Cloud mining allows at the expense of other miners to extract different types of currency, without having to have a lot of money to enter this business.
3. Purchase of Exchange Currencies
Meaning: open your account on the exchange, transfer money to it, buy or sell a crypto currency.
- The price of the entrance is determined by yourself.
- A variety of crypto currency.
- Buying cheaper and selling more expensive, you can double the capital for a day on some transactions.
- Good growth of popular crypto-currencies in the future (bitcoin, ether).
- There are different crypto-currencies on different stock exchanges, but at all there is bitkoyn.
- Very complicated schemes for replenishing the account and withdrawing money.
- Due to large chains of withdrawal and replenishment, you lose money on commissions.
- This is a stock exchange – you can lose a lot if you buy currency at the peak.
- The method does not suit those who are not ready to devote a lot of time to this.
Outcome: quite an interesting way for plodding people who are ready to follow the quotes of currencies, fluctuations in their rates in 24/7 mode and react instantly. To earn well, you will have to invest a lot.
4. Purchase and storage of crypto currency in electronic wallet
Meaning: start an electronic purse or register in one of the payment systems that allow storing the crypto currency. You buy a crypto currency, forget about it for a long time, and it, perhaps, will grow in price.
- Low entry price.
- An analogue of a bank deposit with a higher yield.
- Possibility to store several crypto-currencies.
- The wallet can be hacked.
- At least a year you can not touch the currency, no matter how you jump the course.
Outcome: option for those who do not want to monitor the quotations of currencies every day. It is necessary to have an electronic purse: online for operations, offline for storage (it’s almost impossible to hack it).
5. Purchase of a crypto-currency on one exchange and sale to another one
Meaning: there are many crypto-exchange exchanges, on which one can often see a significant difference in the cost of bitcoins. It can reach 100-200 dollars for 1 bitokoyn. You buy on one and sell for another, earnings on the difference in rates.
Pros: you can earn enough money a day, it all depends on the amount of investment and the number of transactions.
- It makes sense if you can buy at least 1 bitokoyn.
- Initial difficulties in registration and verification on different stock exchanges.
- The first time it will be difficult enough to understand how to make and withdraw money promptly. Then it will be easier.
- Permanent sitting at the computer and monitoring exchanges.
- You can buy at the maximum, and at the time of transfer from one stock exchange to another, quotes can go down, and you will remain in the red.
Outcome: you need to be diligent and work quickly so that the course of the crypto currency does not fall down, while you buy it in one place and transfer it to another. It’s worth starting with bitkoyna, as it is the most interesting from the point of view of the exchange rate difference.
6. Analogs of mutual funds
Meaning: you in your personal account on the site choose a manager who will invest your money in the crypto currency. You can see the volume of the manager’s money portfolio and what profitability it brings to investors.
- Guaranteed income of 18 to 40% per month, depending on the manager.
- Low entry threshold – from 10 dollars.
- The ability to charge interest weekly.
- There is a minimum period (on average two months) when it is impossible to withdraw the invested money.
- A large fine on early exit from the manager’s portfolio.
- Profitability on the verge of reasonable.
Outcome: a risky instrument with a high yield.
7. Analog of trust management
Meaning: investing your money in a certain community of crypto-burgers, which are at your expense playing on the stock exchange and daily divide your income with you.
- Low entry price – 10 dollars.
- The crazy yield is 3.33% per day, or 100% per month.
- The ability to withdraw interest in a crypto currency or money equivalent every day.
- Daily interest calculation.
- The personal cabinet and all operations – only through Telegram.
- Information about the project (its founders, etc.) is not disclosed.
- Only interest can be withdrawn. The funds deposited can not be removed.
- There is no verification, except for the Telegram binding to the phone number.
- Perhaps this is a new financial pyramid like “MMM”, only in the crypto currency market.
Bot in Telegram: @ trinity3me_bot.
Outcome: a very risky tool, because there are signs of a pyramid.
Now there are a lot of opportunities to earn on the crypto currency, but all the ways are not as simple and safe as it seems. Assess the risks and opportunities. And remember: the safest thing, as one famous character said, is to keep money in a savings bank!