How to Earn Money By CryptoCurrency

Cryptocurrency is a digital currency which do not have any physical copy. It is a software this currency rate in Pakistan is almost 97 lac and in in America 58000 Dollar almost. Crypto is a collection of binary data which is designed to work as a medium of exchange where individual coin ownership records are stored which is computerized database.

There are the six strategies for making money with cryptocurrency.

  1. Investing.
  2. Trading.
  3. Staking and lending.
  4. Crypto social media.
  5. Mining.
  6. AirDrop and Forks.

Investing In Crypto Currencey

This is the long term strategy.buy crypto assest and hold for sometime. Assist such as Bitcoin and ethereum. Prices of Crypto assest are increasing day by day this is considered as a safe investment. They are extremely e volatile for short term but have tremendous in long term potential for growth. You can earn money by investing at Crypto currency.

TRADING

As compared to investing is a long term strategy but trading is a short term strategy. For successful trader you should have analytical and technical skills. You should analyse the market chart so you to predict that the crypto assest price decrease or increase. This mean you can make a profit regardless whether the Crypto market bullish or bearish.

Staking and lending Crypto Currencey

Staking is a best way of validating transaction.In staking you purchase any coin and purchase any token when any launchpool come you stake this token in this you will get the state token back or get another token. Staking will helps you to complete your other transaction.Here two terms are used APY(Annual Percentage Yield)and APR(Annual Percentage Rate).

CRYPTO SOCIAL MEDIA Crypto Currencey


This is a multiple block chain based social media. This gives you a platform which gives you rewards for creating content.

MINING


This is how to earn money from cryptocurrency.This is stiil a curicial component of proof of work mechanism.For mining you need technical expertise and unfront investment ongoing ivestment.If you mine a cryptocurrency you will be rewarded with new coin.

AIRDROO AND FORKS


Airdrops and free tokens are distributed to produce awareness.If you are the part of airdrop you get a free coin that you use for buy things or invest or trade.Fork is simply a change in block chain and in protocol. Software use to decide that the transaction is valid or not.Any change or divergence in blockchain can be called as fork.

PROOF OF WORK


The probability of mining a block is determined by how much computational work is done by the miner.In proof of work a reward is given to the first miner to solve the cryptographic puzzel of each block.

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