Cryptocurrency is one of the new sectors in finance and investment. It is one of the hottest investment topics and it is causing uproar everywhere.
There are several methods to make money through cryptocurrencies, some of which are described below:
Buy and hold – Buy and hold is one of the prominent ways when it comes to investing and making money through cryptocurrencies. You can buy cryptocurrencies and wait for the exchange rate to rise. It is similar to buying assets and letting interest rates accumulate over time and eventually deducting them. For example, the price of Bitcoin was around $ 13 in 2013 and reached its peak price of $ 20,000 in 2018.
Buy and hold for dividends – The strategy above works when you sell at a higher price than when you raised, while using this method can pay you just to have a coin. In this method, you only need to put money into circulation to make money. To shop easily and effortlessly, you need to choose the right platform. PCEX is one of the platforms that offers a minimum fee of 0. 05% in the intraday and derivatives market, which gives higher profits.
Becoming a sub-broker for cryptocurrency: Partnerships with a well-established stock exchange as a sub-broker can also generate profits in the cryptocurrency market. One such promising stock exchange in Hong Kong is PCEX, which offers benefits such as: high revenue sharing, monthly payments, strong marketing and brand support and many more to work with as a sub-broker under their franchise model.
Working as a Crypto Freelancer: Working with the exchange and working as a freelancer gives you two benefits, ie it does not require full-time participation and gives you benefits at the same time. It is easy to connect to PCEX as a freelancer without a security fee, and gives you long-term brokerage.
Mining – Cryptocurrency mining is the best and most popular way to make money on altcoins. It involves solving complex mathematical problems through computers and consequently being rewarded with cryptocurrencies. You need a fast, advanced hardware system to get fast results.
Microbags – Microbags are small services you give to someone and receive payment for them in the form of cryptocurrency.
Day Trading – Since cryptocurrency is a very volatile market, prices can change dramatically. This method involves looking at and analyzing the patterns on the trading charts every day and selling cryptocurrencies within a day when prices rise.
Arbitrage and exchange of cryptocurrencies: There are many online exchange platforms that help buy, sell and trade cryptocurrencies. The price of the coin can vary on the different exchange platforms, and the prices of the coins also vary. By tracking these changes in numbers, one can make huge profits by buying at a lower price and selling at a higher price.
Cranes – There are several apps and websites that offer bitcoins as a reward for completing specific tasks. These apps and websites are known as ‘cranes’, although the only downside is that the amount of bitcoins they offer is very small.
The article talks about different ways to jump into the world of cryptocurrencies and start making money. With this guide, one can easily make money and increase profits in the cryptocurrency business in Hong Kong.