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✨ How to make money in crypto? You probably heard stories about people making millions doing "something" in crypto. But what are the ways one can take to dive in? 1. Buy low sell high. Speculations. Easiest to understand and hardest to profit on. Consists of trading, participating in launchpads etc. Your target is to buy cheap and sell for more. It could be nfts, coins or other digital assets. Most people think that they can succeed in this easily. Just buy some coins, make some trades and get rich. That's not gonna work. There are very few people that really make money that way. But you can try. 2. Staking and De-fi. There is an abundance of opportunities for risk free yield farming on your assets. You can stake almost anything you own (USDT, ETH, BTC, Altcoins) on De-fi apps. Its basically the same as a bank deposit. You lock up the coins and earn your 10-50% yearly. 3. Retrohunting. Projects in crypto often reward their early users with tokens. Retro hunters are people who purposefully interact with and help protocols during their early stages to get tokens during later stages of those projects. 4. Working. Yes, just get yourself a job already. Opportunities are everywhere in web3. Designers, artists, coders, cyber security specialists, community managers, marketing experts are all needed in almost every project. Lets say you have an IT background. You can almost always earn more by having a job of the same position in a crypto project. There is a huge lack of professionals in the crypto field and the need in those individuals will only rise over time with the influx on new users and founders. ______ ✨ You're not yet equipped enough to profit on crypto or fully grasp it. But learning is key. Keep going, exploring complexities, and don't chase the quick riches. Building wealth starts with building knowledge.
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✨ Wallets – First of all, you need a place to store your money. Just like in our everyday life it is called a wallet. There are two types of wallets. 1. Non-custodial. The one that you have full control over. Only you have the private key to that wallet. E.g. TONKeeper, Metamask etc. 2. Custodial. In this case someone else is in full control of your funds. This is your Binance, Coinbase, Telegram wallet, which is very fast and very easy to use, however it’s still custodial. There is no sin in using custodial wallets. Probably for everyday life one might find them more practical. But refrain from keeping all your savings there. Create a non-custodial wallet for assets you want to keep long term. Remember: Not Your Keys, Not Your Coins
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