Hello Moneymaker!
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". In this article you will learn 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.
The earning opportunities for those who are not afraid of risk and are ready to understand the peculiarities of digital currencies.
- Mining
Sense: in simple terms, it is the extraction of crypto currency for a reward. 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.
Pros: no.
Minuses:
• 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.
Bottom line: pleasure is not cheap. It will take at least $30000 to organize a more or less working farm, which will bring you income.
- Cloud Mining
Sense: you buy power from other miners, while you yourself do not have the equipment. Accessible mining for all.
Pros:
• 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 drop several crypto currency simultaneously.
Minuses:
• Additional costs for electricity (in some tariff plans).
• Commission for the withdrawal of crypto currency.
• Withdrawal only in crypto currency.
• The invested money is frozen for a year.
• The probability of a data center failure.
• 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.
- Purchase of Exchange Currencies
Sense: open your account on the exchange, transfer money to it, buy or sell the crypto currency.
Pros:
• The price of the entrance is determined by yourself.
• A variety of crypto-currencies.
• 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, air).
Minuses:
• 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 the currency at the peak.
• The method does not suit those who are not ready to devote much time to this.
Bottom line: quite an interesting way for plodding people who are ready in 24/7 mode to monitor the quotations of currencies, fluctuations in their rates and instantly react. To earn well, you will have to invest a lot.
- Purchase and storage of crypto currency in electronic wallet
Sense: start an electronic purse or register in one of the payment systems that allow you to store crypto currency. You buy a crypto currency, forget about it for a long time, and it, perhaps, will grow in price.
Pros:
• Low entry price.
• An analogue of a bank deposit with a higher yield.
• Ability to store multiple crypto currency.
Minuses:
• The wallet can be hacked.
• At least a year you can not touch the currency, no matter how you jump the course.
Outcome: an 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).
- Purchase of a crypto currency on one exchange and sale to another (forks)
Meaning: there are many crypto-exchange exchanges, on which you 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.
Minuses:
• It makes sense if you can buy at least 1 bitokoyn.
• Initial difficulties in registering and verifying on different exchanges.
• The first time it will be difficult enough to understand how to make and withdraw money promptly. Then it will be easier.
• Continuing sitting at the computer and monitoring exchanges.
• You can buy at the maximum, and at the moment of transfer from one stock exchange to another, quotes can go down, and you will remain in the red.
The bottom line: you need to have the assiduity 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.
- Analogs of mutual funds
Sense: you in the personal office 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.
Pros:
• Guaranteed income of 18 to 40% per month, depending on the manager.
• Low entry threshold - from 10 dollars.
• The ability to charge interest weekly.
Minuses:
• There is a minimum period (on average two months) when it is impossible to withdraw the invested money.
• Great penalty for early exit from the manager's portfolio.
• Profitability on the verge of reasonable.
Outcome: a risky instrument with a high yield.
- Analog of trust management
Sense: investing your money in a certain community of crypto-bokers, which are at your expense playing on the stock exchange and daily divide your income with you.
Pros:
• Low entry price - 10 dollars.
• Crazy profitability - 3.33% per day, or 100% per month.
• The ability to charge interest in a crypto currency or money equivalent every day.
• Daily interest calculation.
Minuses:
• Personal account and all operations - only via Telegram.
• Information about the project (its founders, etc.) is not disclosed.
• Only interest can be withdrawn. The funds deposited can not be removed.
• No verification, except the Telegram binding to the phone number.
• Perhaps this is a new financial pyramid like "MMM", only in the crypto currency market.
The bottom line: 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. Also do not forget about scammers, they are very fond of and have long been working with crypt