5 Easy Ways to Make Money on Crypto in 2024

Summary

This video introduces five primary methods to earn money in cryptocurrency, suitable for beginners. It covers air drops and R drops, which offer rewards for simple actions or early engagement with projects. Trading, including spot and futures, requires market knowledge and risk management. Investing in crypto for long-term returns involves portfolio assembly and secure storage. Crypto games like Axie Infinity and Top Swap allow users to earn tokens through tasks and gameplay. Lastly, NFTs offer opportunities for creators and investors, with caution advised against scams.

Takeaways

• 💰 Cryptocurrency offers multiple ways to earn money, including air drops, trading, investing, crypto games, and NFTs.
• 🌱 Air drops and R drops are opportunities for beginners to earn tokens by performing simple tasks or being early supporters of a project.
• 🔍 The success of air drops depends on the project's financial ability to distribute rewards and can vary in value.
• 📈 Trading involves buying and selling cryptocurrencies to profit from price fluctuations, with spot and futures as the main methods.
• 📚 Knowledge of market analysis and risk management is crucial for successful trading.
• 🏦 Investing in cryptocurrency is a long-term strategy with lower immediate returns but potentially higher stability.
• 💼 Building a diverse investment portfolio and choosing the right exchange are important steps in cryptocurrency investing.
• 💡 Crypto games like Axie Infinity and Top Swap allow users to earn tokens by completing tasks or participating in game mechanics.
• 🎮 Earnings from crypto games can vary widely, and strategies like joining promising projects and using referral programs can increase earnings.
• 🎨 NFTs are unique digital assets that can be created and sold for profit, with examples ranging from digital art to tweets.
• 🔒 Investing in NFTs requires caution to avoid scams and to understand that high-value sales are the exception rather than the rule.

Q & A

What are the five main ways mentioned in the video to make money on cryptocurrency?

The five main ways are: 1) Participating in token air drops and R drops, 2) Trading cryptocurrencies, 3) Long-term investing in cryptocurrency, 4) Engaging in crypto games, and 5) Working with NFTs.

What is an air drop in the context of cryptocurrency?

An air drop is the distribution of a project's token for performing simple activities like subscribing to the project's social networks, using the blockchain, reposting posts, and liking.

What is the difference between an air drop and an R drop?

Air drops are issued for certain actions, while R drops reward early users for their early activity in a project.

Why do crypto projects give away tokens for simple actions or early participation?

Crypto projects give away tokens as a marketing strategy to attract new users and show prospects to potential investors, which helps to attract attention and make the project known.

What are the risks associated with participating in air drops and R drops?

The risks include the possibility that not all projects are financially capable of distributing tokens to every user, leading to some participants receiving nothing despite their activity. Additionally, users may not always know the conditions under which they will receive tokens or the quantity they will get.

What are the two main methods of trading mentioned in the video?

The two main methods of trading are spot trading and futures trading.

Why are beginners advised against futures trading and to focus on spot trading?

Beginners are advised to focus on spot trading because it is simpler, involving buying or selling assets for immediate delivery, whereas futures trading involves contracts for asset delivery at a future date and can be more complex and risky.

What is the main difference between trading and investing in cryptocurrency?

Trading involves frequent short-term purchase and sale transactions aiming to profit from price fluctuations, while investing is a long-term approach where money is invested with the aim of making a profit or income in the future, over months, years, or even decades.

What are some tips for starting long-term cryptocurrency investing?

To start long-term investing, one should research various projects, construct an investment portfolio, select a suitable exchange for trading, and consider using a secure offline crypto wallet for storing the investments.

How do crypto games like Notk and Hamster Combat allow users to earn cryptocurrency?

Crypto games allow users to earn cryptocurrency by performing various actions such as clicking, completing tasks, or participating in game mechanics, which can be as simple as subscribing to social networks, watching videos, or reposting posts.

What is an NFT and how can one make money from it?

An NFT is a certificate that confirms ownership of a digital asset using blockchain technology. One can make money from NFTs by creating and selling them or by investing in them, similar to trading cryptocurrencies.

Outlines

00:00

🚀 Cryptocurrency Earnings for Beginners

This paragraph introduces the video's focus on five main ways to earn money in the cryptocurrency space, even for beginners. It highlights the concept of air drops and R drops as an ideal starting point, explaining that they require no initial investment and involve simple tasks such as social media engagement. The difference between air drops and R drops is clarified, with air drops being rewards for specific actions and R drops for early project support. The importance of research and understanding project legitimacy is emphasized to mitigate risks, as not all projects can financially support their promises. Examples of successful air drops from the optimism and arbitrum projects are given, illustrating the potential earnings, but also noting the variability and uncertainty inherent in this method.

05:01

💼 Investing and Trading in Cryptocurrency

The second paragraph delves into the methods of trading and investing within the cryptocurrency market. Trading is described as short-term transactions aimed at profiting from price fluctuations, requiring market knowledge and risk management. Two main trading methods are discussed: spot trading, which involves immediate asset delivery, and futures trading, which involves contracts for future asset delivery at a set price. The importance of fundamental and technical analysis for successful trading is stressed. Investing is contrasted with trading, being a long-term approach with lower immediate returns but potentially greater stability. Key steps for starting in long-term investing include researching projects, assembling an investment portfolio, choosing a trading exchange, and securing assets in a crypto wallet. The paragraph also addresses the misconception that large capital is needed to start investing, asserting that even small amounts can be a good starting point.

10:02

🎮 Earning Through Crypto Games and NFTs

The final paragraph explores the emerging opportunities in crypto games and non-fungible tokens (NFTs). It explains how users can earn cryptocurrency through games that require simple actions like clicking or completing tasks, citing examples like 'notk' and 'top swap'. The potential for earnings varies, and the paragraph advises joining promising projects, using referral programs, and consistent daily play to maximize earnings. It also introduces NFTs as unique digital asset certificates, created on the blockchain, and discusses the two main ways to profit from them: creating and selling NFTs, or investing in them. The paragraph cautions about the risks of scams in the NFT market and the importance of safety in transactions. It concludes by highlighting the exceptional cases of high-value NFT sales, such as a tweet from Twitter's co-founder, while noting that these are not the norm.

Keywords

💡Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. It is the central theme of the video as it discusses various ways to make money with it. For example, the script mentions making money through 'cryptocurrency' trading and investing, which are key methods discussed in the video.

💡Airdrops

Airdrops refer to the distribution of a project's tokens to the public, often for free, in order to promote the project and attract new users. In the video, airdrops are presented as an ideal starting point for beginners in the crypto space, with examples given of earning potential through projects like 'Optimism' and 'Arbitrum'.

💡R drops

R drops are a type of airdrop that rewards early users for their support of a project from the beginning. The script differentiates R drops from airdrops by stating that R drops are given to users who have been with the project from the start, as opposed to airdrops which are issued for certain actions.

💡Risk Management

Risk management in the context of the video refers to the practice of identifying, evaluating, and controlling potential risks involved in trading cryptocurrencies. It is mentioned as a necessary skill for those involved in trading to minimize potential losses, emphasizing the importance of knowledge and understanding of market dynamics.

💡Spot Trading

Spot trading is the buying or selling of a financial instrument, such as a cryptocurrency, for immediate delivery at the current market price. The script explains that beginners should focus on spot trading as opposed to futures trading, which is more complex and involves contracts for future delivery.

💡Futures Trading

Futures trading involves the buying or selling of a contract to deliver an asset at a predetermined price at a future date. The video script contrasts this with spot trading, noting that futures allow for profit on both rising and falling prices, but also come with higher risks.

💡Investing

Investing in the video is described as putting money into cryptocurrency with the expectation of profit or income in the future, over a longer time horizon than trading. It is distinguished from trading by its focus on long-term growth and lower immediate risk, with the script advising on portfolio construction and the selection of investments.

💡Crypto Wallets

A crypto wallet is a digital device or program that allows the storage of cryptocurrencies securely. The script mentions crypto wallets as a secure way to store assets offline, protecting them from hackers and viruses, and as an essential tool for long-term investment in cryptocurrencies.

💡Play-to-Earn Games

Play-to-earn games are a category of video games where players can earn cryptocurrency through gameplay. The script cites examples like 'Notk' and 'Top Swap', where users can earn tokens by performing simple tasks or actions within the game, illustrating the growing trend of monetizing leisure activities in the crypto space.

💡NFTs

NFTs, or non-fungible tokens, are unique digital assets that represent ownership of a specific item or piece of content, verified by blockchain technology. The video explains how NFTs can be a source of income either by creating and selling them or by investing in them, with examples of high-value sales like the digital toilet paper from Charmin and Jack Dorsey's tweet.

Highlights

Making over $1,000 per month possible for beginners in cryptocurrency.

Introduction to five main ways to make money on crypto by Will, a 10-year veteran.

Air drops and bounties as an investment-free entry point to crypto.

Difference between air drops and bounties explained.

Crypto projects use air drops as a marketing strategy to attract users and investors.

The need for a crypto wallet and free time to participate in air drops.

Examples of successful air drops from the optimism and arbitrum projects.

Risks associated with air drops, including the possibility of receiving nothing.

Importance of researching projects before participating in air drops.

Free advice on evaluating projects by looking at investors and potential token listings.

Trading as a method to make profits from price fluctuations in the crypto market.

Differences between spot trading and futures trading for beginners.

The necessity of market analysis and understanding for successful trading.

Investing in cryptocurrency for long-term profit or income.

How to start long-term investing with a focus on portfolio assembly and exchange selection.

Crypto wallets as a secure method for long-term cryptocurrency storage.

Discussion on the low capital requirement for starting crypto investment.

Crypto games as a way to earn money by performing simple tasks or actions.

Examples of popular crypto games like Axie Infinity and their earning potential.

NFTs as unique digital assets with ownership certificates using blockchain technology.

Ways to make money from NFTs, including creation and investment.

Risks and safety considerations when dealing with NFTs.

The potential but also the exceptions in the high-value sales of NFTs.

Call to action for a second part of the video and engagement with the channel.

Transcripts

after watching this video you will be

able to make more than $1,000 per month

even if you're just a beginner hello

everyone my name is Will and for the

past 10 years I've been making money on

cryptocurrency So today we're going to

talk about five main ways how to make

money on crypto so the first method is

bre drops and air drops this is an ideal

option for starting in crypto since this

type of activity doesn't require any

Investments an air drop is the

distribution of a project token for

performing simple activities such as

subscribing to the project social

networks using the blockchain reposting

posts and like a r drop is the type of

air drop that gives a reward in tokens

to those users who have been with the

project from the very beginning so what

is the difference between R drop and air

drop air drops are issued for certain

actions R drop rewards early users for

their early AC ity in Project a logical

question that you might have is why the

project will give you money for simple

actions and early activity at the

beginning of its Journey a crypto

project needs to attract as many new

users as it possible this is kind of

marketing strategy it is important for

the project to show prospects to

potential investors so you need to

attract the attention of the audience

and make yourself known to start you

only need a crypto wallet and free time

you can search for projects on popular

crypto sites or telegram channels for

example if you were to join the optimism

project in 2022 you could get an average

of 500 to $1,000 per account and in 2023

there was a large drop from the arbitrum

project in which users received 1,500 or

more per account pretty good for such

simple tasks however there are risk here

too not all projects are financially

able to distribute money to each user so

some are shaved that is left with

nothing even if these users were very

active sometimes drops are not disab to

anyone at all you can spend a huge

amount of time and end up with nothing

it is worth noting that very often users

do not know exactly whether a drop Wass

them under what condition it will be and

in what quantity therefore it is

important to do research before entering

the project here my top free advice for

you look at the investors in the project

when the project token will be listed

and on which exchanges the more

well-known investors and Partnerships

the better the project and the more

likely it is that you will be given a

drop but again there are exceptions for

example this month there will a drop

from zkc and many users complained that

they received very few tokens or nothing

at all although at the start the project

seemed very promising and the number of

audience exceeded 1 million for example

even the not coin which has more than 30

million users distribut more tokens

although all you had to do was tap on

the screen but we will talk about

slippers later in this video method

number two trading this are frequent

shortterm purchase sale transactions

with the aim of making a profit on price

flexation in simple terms I bought a

coin cheaper and I S it for more however

in order to buy and sell correctly you

need to have special knowledge and

understanding of how the market and it

participants work risk management

patterns and the like there are two main

methods of trading spot and Futures

beginners shouldn't bother with lot it's

better to get their teeth into spot

trading spot trading is the process of

buying or selling financial instruments

assets for immediate delivery that is

when you buy or sell an asset on the

spot Market the transaction is completed

immediately and the asset passes to the

new owner Futures Trading in the process

of buying or selling a contract for the

delivery of an asset in the future at

pre-agreed price that is instead of

taking immediate delivery of an asset

you're buying or selling a contract that

obligates you to buy or sell the asset

at a specific date in the future in spot

trading you can only make money by

buying low and selling High while in

Futures you can make money on both

rising and falling prices the basis of

trading is market analysis and forecast

of price movements a fortun teller or

tarot cards will not help you here you

need to conduct fundamental and

technical analysis fundamental and

technical analysis are the two main

approaches to assessing and predicting

the price behavior of cryptocurrencies

and other Financial assets however it is

important to remember that in addition

to the promising opportunities in

trading there are many risks you can

quickly earn $1,000 but lose it in the

next day therefore it is very important

to have solid knowledge a go head and

patience everything seems complicated

but with practice and continuous

learning you can achieve a stable income

the Third Way is investing many people

believe that trading and investing are

the same thing but this is completely

false investing is investing money in

cryptocurrency with the aim of making a

profit or income in the future and here

we are talking about months years and

even decades and not about hours and

days as in trading in passive long-term

investing there is no immediate quick

income however the risks are much lower

compared to trading with a properly

constructed trading strategy in a few

years you will be able to achieve decent

passive income how to start point one if

you decide to engage in long-term

investing then it is important to start

starting various projects and correctly

assemble an Investment Portfolio study

the project find out about the creators

capitalization

investors and after a soral analysis you

can start investing point two selecting

an exchange for trading nowadays there

are really a lot of different exchanges

in taste and color basically the

difference between them is only in

commissions and trading payers so there

is no clear One exchange on which

absolutely everyone trades point three

let's say you bought cryptocurrency but

where should you store it exchanges can

be vulnerable socaled crypto wallets are

ideal for a long-term option this is a

device or program designed to store

cryptocurrency offline this is the most

secure way to store cryptocurrency since

the wallet is not connected to the

internet and the four is not vulnerable

to Hawkers and viruses you can purchase

a similar wallet in online stores many

people ask the question how much money

is needed to start investing in

cryptocurrency you don't need a huge

amount of capital to start you can start

this type of activity even with $20 in

your pocket which is why this is an

excellent option for beginners it seems

to me that everyone has already heard

about the fourth method these are cre

games already every second School child

knows what notk hamster combat and top

swap are in a matter of months crypto

games have attracted the attention of

many people so I will tell you how to

make money on them it all start with

notk a crypto game from P Duro where

where you just had to click on the

screen in a short period of time not

became very popular as people wanted to

earn money without doing anything and

they really succeeded when the NCoin was

listed many people sld tokens for 100

500 and even

$1,000 after NCoin was released people

saw how much they could earn on Crypt

tops and began to join new projects

crypto games such as notk hamster combat

top SW and others are games and

applications in which users can earn

cryptocurrency for performing various

actions such as clicking completing

tasks or participating in game mechanics

usually the tasks are as simple as it

possible subscribing to the social

networks of the project and their

Partners watching videos reposting posts

and much more but you can also earn

tokens by simply clicking on the screen

and upgrading functions in the

application

one example of a good project is top

swap which is one of the most promising

crypto games as it has several

interesting Partnerships with other

projects and has already announced a

listing on exchanges players collect

coins by completing tasks the game has a

paid boost to speed up farming the

player's task is to accumulate the

maximum number of coins using the bot

and boosts as well as manually m coins

for the best result and we answer the

main question how much much can you earn

on these crypto games as practice with

not coin has shown earnings directly

depends on you you can earn both $10 and

$500 there are several recommendations

for increasing token earnings join

promising proven projects invite friends

through the referral program and play

every day you can try to create several

accounts but some projects May bun you

for this so you need to be careful the

last method of our video is

nft first let's understand what nft is

this is a certificate that confirms your

ownership of a digital asset such as an

image music or item in the virtual world

it is created using blockchain

technology making it impossible to

counterfeit one of the main ways to make

money from nfts is by creating and

selling them what kind of nfts can you

create which ones do you want and it's

not a joke here's the digital toilet

paper from the US brand Charmin that

sold for

$4,100 this first tweet from Twitter

co-founder Jack dorsy sold for $2.9

million there is another way to make

money from nfts investing the principle

is similar to point3 from our video but

only now we will trade not Bitcoin but

NF but don't forget about the risks

there are also scammers and scum in the

nft world so always think about the

safety and do not fall for dubious deals

also remember that not every toilet

paper or famous person's tweet can sell

for several million this is the

exception rather than rule in this video

we looked at the main ways to make money

on cryptocurrency however there are many

more so if you want to second part then

subscribe to our Channel and leave your

likes team token was with you see you in

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