How to make cryptocurrency money before Christmas

There may be an opportunity to make a profit as the holiday’s approach and make December detty. Despite cryptocurrency’s many ups and downs in the past, Nigerian youths are now embracing crypto. However, because of fluctuating prices, frauds based on coins, and disinformation promoted by influencers, it is important to be cautious about making a profit.

money trading cryptocurrency

According to Elliptic (a company that tracks funds movement on digital ledgers supporting cryptocurrencies), losses due to DeFi attacks total $12 billion in 2021. This figure is seven times higher than the amount from last year, and $10.5 billion was attributed to fraud and theft.

There are many options available. It can be difficult to choose the right course of action. This could lead to financial loss. There are many options if you still want to make money with cryptocurrency.

Microjobs

You’re looking for ways to make money online with Bitcoin. This is a safe and reliable way to get Bitcoin. Many PTC websites will only pay fractions of what you earn if you click on an advert or watch a video.

However, it is difficult and time-consuming to make any money from this method. If you are willing to work hard, these sites can be a great way to make quick money. You can learn how to make money with bitcoin by visiting services such as Coinpayu or AdBTC.

Microworkers is another site that offers a small amount of money for simple tasks like filling out surveys or watching YouTube videos. These PTC sites offer Bitcoin analogs such as BitcoinGet or CoinTasker. Members can choose from thousands upon tasks to earn Bitcoin.

Play to earn games

It’s possible to make money while having a great time. This holiday season. In Bitcoin play-to-earn games like Sparkprofit and Bitcoin Alien Run, Satoshis can be won. Although they are more fun than filling out surveys, Bitcoin games can be more enjoyable than doing microtasks.

Cryptocurrency write-ups

Cryptocurrency, which is still a relatively new field, requires that only a handful of writers have a solid understanding. This means that there are many inexperienced copywriters who reuse content.

If you are interested in teaching people how to make bitcoin money and have experience writing about crypto, why not? Many websites like Cryptocurrency News or Bitcoin Magazine will pay you to write about Bitcoin. There are many freelance websites such as Upwork or Freelancer that offer this service.

Bitcoin faucets

Bitcoin Faucets is a great way to make a lot of cryptocurrencies if you enjoy taking surveys and reading ads.

Bitcoin faucets pay small amounts of BTC to reward people who complete simple tasks like filling out questionnaires or watching ads. Some even come with minigames!

Binary trading

Binary trading is a well-established practice in the finance sector. It was only a matter time before it made its way into the crypto world. If you are still searching for the best way to make money with Bitcoin, this is an excellent alternative.

Binary options have two possible outcomes, as their name suggests. A trader can buy an option, and there is a time limit before it expires. It can be either in-the-money or out of the money in a trade. You are basically betting on the direction the price will go.

If the price of Bitcoin is 50000 USD at 2 p.m. and it drops to 50000 USD at 10 p.m. respectively, then you can either bet that it will go up or down. You will get a percentage back if you wager that the price will increase. However, if it is lower, you will lose money. You will get the option’s payout if you wager that the price will drop. Although this is not the easiest way to make Bitcoin, it can be a great way to quickly make money if you invest properly.

Bug bounties

If you are a coder and want to make Bitcoin money, bug bounties might be your answer. These incentives are offered by many software developers and organizations in return for finding vulnerabilities and exploits in their systems. Similar schemes are offered by many peer-to-peer marketplaces and bitcoin exchanges to help customers improve their systems.

If you are interested in contributing to a program such as the Paxful Bug Bounty Program, please visit this page. We need your help making the platform safer for everyone.

Get latest news from African Startup ecosystem

Latest stories

You might also like...