Continuation on 10 Ways to make money with Cryptocurrency:
2. Lending
Another way to monetize cryptocurrency is through lending. It entails lending your cryptocurrency to another person in exchange for interest. The interest rate you receive will be determined by the type of cryptocurrency you lend and the amount you lend. There are different types of lending platforms such as Decentralised lending platforms (DLP), Centralized, and Peer-to-Peer (P2P) Lending.
3. Trading
Investing is a long-term endeavour based on a buy-and-hold strategy, whereas trading takes advantage of short-term opportunities. The cryptocurrency market is unpredictable. In a nutshell, asset prices can rise or fall dramatically in a short period of time. To be a successful trader, you must have strong technical and analytical skills.
Another way to make money is by trading cryptocurrency pairs such as BTC USDT based on market trends and technical analysis. This involves studying charts and using indicators to predict future price movements.
