Cryptocurrency
is the fast growing means of transactions across many sectors both including
those that uses online means of trading like skrilla and the rest, and those
that use it for offline trading like mcoin. But a lot of us are still confuse
about what cryptocurrency is all about, some are still looking at it like a
means to defraud persons of their physical cash while others are looking at it
like an economic bubble that is about to blow up.
But the fact
is that cryptocurrency is here to stay, it has been approved by many countries
as a means of exchange and a lot of big business giants have invested a lot into
its future and its sustenance.
Cryptocurrency
gain its value in the worth to which it is given been that it has no means of
value regulation, which follows that as the demand of that coin or token
increases then the value to which the coin stands for increase and vice versa
when the demand reduces. Some coins has definitive market size or volume i.e.
only a fixed amount of the coin has been created and will be created and thus
after a while the demand increases leading to increase in its value e.g.
bitcoin.
“A
cryptocurrency (or crypto currency) is a digital asset designed to work as a
medium of exchange that uses strong cryptography to secure financial
transactions, control the creation of additional units, and verify the transfer
of assets.”
Cryptocurrency
has been in use for a long time now, and many sectors has taken advantage of
its wide range of application to use it to increase the services offered by
their company.
So let’s
start our crypto journey now, so that we will not be left out in the future
when the world has gone crypto…
There are
various ways that one can earn/gain cryptocurrencies; we will be looking at some
ways to do that:
They include:
- Trading.
- Mining.
- Faucet.
- Airdrops.
- Others.
TRADING
Cryptocurrency
trading works the same way as forex does, been that you buy them, store them
and then later sell them at a later higher price to make some percentage profit,
there are various site that has been put in place to enable one to do this seamlessly.
Most of these include secure online wallets were you can buy the
cryptocurrencies directly or send the ones that you have bought to for safe
keeping and then sell them to any respective buyer from there.
The main
strategy here is for you to follow trends so that you will know coin or token
that has good market value, and the best way to do so is to join various online
media platform so that you can see post and also trading activities; sites like
Facebook, twitter and WhatsApp groups will be a very good way to get these news
and updates.
Some notes here:
- Always watch out for coins with good market value before buying so as to buy the good ones.
- Don’t be a rush to sell off your coins, because you might regret it later.
- Don’t put all your egg into one basket. (Don’t use all your capital to buy only one coin).
Sites for these:
MINING
This is
usually done using the bitcoin mining machine or the cryptocurrency mining
machine to generate bitcoin or the respective cryptocurrency. But in reality the
mining machine is usually very expensive to buy and to operate, so different
persons and groups have developed smaller processes so that mining can be done
in smaller less expensive ways, some of which include through using mobile and desktop
or laptop apps.
The device
mines the coin or token which you move to your wallet or sell directly for
cash. The process is usually continuously so that enough coins can be produce
for sell or to be used for other processes.
Sites for these:
FAUCET
These are
sites that give out free coins or tokens for doing some little job online which
can range from clicking and viewing a website to completing a captcha. They
give the reward in durations which can be hourly, per click etc. The coins or
reward that are giving or distributed there are stored there on the site which
can be moved to your wallet or sell directly from there. They also usually
engage in referral bonus and a whole lots of other bonuses. And one can join as
many as are on the internet (but one account per site).
Some note here:
- Verify if the site is paying from others before joining.
Site for these (verified paying sites):
- Coinpot (register here first: GO HERE )
·
Moon bitcoin: GO HERE
·
Moon dodgecoin: GO HERE
·
Moon litecoin: GO HERE
·
Moon dashcoin: GO HERE
·
Moon cashcoin: GO HERE
·
Bitfun: GO HERE
·
Bonus bitcoin: GO HERE
AIRDROPS
“An airdrop
is a distribution of a cryptocurrency token or coin, usually for free, to a
large number of wallet addresses. Airdrops are primarily implemented as a way
of gaining attention and new followers, resulting in a larger user-base and a
wider disbursement of coins.”
This is the
best and easiest way to earn a lot of currency at a time, because it required
little or no capital to get a large amount of token that will later upgrade
into a coin and sold for basically a 100% profit.
OTHERS
There are
other ways also to earn cryptocurrency also, one way is to ask someone to gift
you some, that’s funny really, and another way is to earn it yourself. These
sites include sites that carry out different activities but give out their
reward inn form of cryptocurrency or tokens.
This category
contains sites with varied ways of earnings:
Sites contained here:
In using any
of these sites there are some little things to put in mind: and it is that the
more you work the more you gain and also the more you invest the more you earn also, so dedication to the task is a serious virtue here to be
practice.
This article
will be updated from time to time to add more sites, but join the train now and start
earning.
And do yourself a favour by visiting this article at least once every
week to get in touch with the new sites that will be added.
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