How to Make Money with Cryptocurrency in 2023?

The situation over the past few years has had a strong impact on the world economy. It affected not only businessmen, but also ordinary people, since many companies suffered serious losses or closed altogether. In conditions of financial instability, more and more people are closely studying the topic of cryptocurrencies. After all, you can also make good money on them, but many people have a question: how to make money on cryptocurrency?

Today we will talk about how to make money on cryptocurrency. Moreover, we will tell you about the most promising crypto projects that can bring noticeable profits in the very near future.

How to make money on cryptocurrency from scratch

Bitcoin Minetrix

At the end of September, Bitcoin Minetrix was launched, which works in two niches at once - mining and staking. This lucrative combination is attracting more and more early investors, and the pace of presale, respectively, continues to grow. In just three days, the project has already attracted over $199,0 at a cost of $011.<>.

Its main feature is that users can stake purchased assets and earn credits at the same time. The latter are necessary in order to further acquire hash power and mine bitcoins.

The developers also plan to connect a dashboard with which you can track data on your own savings in real time. Moreover, it will also allow you to change the period of storage of coins at any time or buy more hash power.

According to experts, the tokenomics of the project also deserves attention. 42.5% of the total number of coins are aimed at ensuring bitcoin mining - about 1.7 billion tokens. 35% is needed for various marketing campaigns - 1.4 billion assets. The developers decided to allocate 15% for payments to participants as a reward for supporting the project - 600 million coins. At the same time, the remaining 300 million coins (7.5%) will be credited as a reward for staking.

You can buy $BTCMTX for $0.011 as part of the first stage of the presale. A total of 10 of them are planned, and in the final of the presale, the token will cost $0.0119.

Pros of the project:

*Please note that a small amount of ETH may be required to cover gas fees when purchasing with a card/USDT.

Meme Kombat

At the end of September, a new project appeared that supports all the functionality of the Meme Kombat platform. This meme coin allows users to participate in competitions, place bets, and stake their savings to earn crypto. The asset appeared on the market recently, but this did not prevent it from collecting more than $63,1 in the presale, while its value is $667,<>.

As already mentioned, when developing a new project, the team placed great emphasis on two main elements: staking and betting. In the first case, users can earn cryptocurrency right now, when the asset is still on presale. For the most part, this opportunity is provided after the token begins to be traded on crypto exchanges. In the second case, coin owners can bet on battles between players, as well as independently participate in virtual battles.

Meme Kombat tokenomics attracts the attention of potential investors due to its transparency. 50% of all coins (12 million) can be purchased as part of the presale, and the remaining assets are distributed between the reward system (40%) and the liquidity pool (10%). At the same time, users can receive a reward in three ways: by participating in bets and battles, by staking coins, or simply by being active on the platform.

The $MK token is available for purchase on the presale for $1,667. To purchase it, you only need to connect a convenient crypto wallet with ETH, USDT or BSC.

Pros:

*Please note that a small amount of ETH may be required to cover gas fees when purchasing with a card/USDT.

TG. Casino

At the end of September, the launch of the TG innovation platform took place. Casino. It is a real casino where users can place bets and win cryptocurrency. The new project also supports a staking mechanism that allows you to increase the passive income of investors. On the pre-sale of TG. Casino has already raised over $281,0, and its value does not exceed $125.<>.

The appearance of the world's first telegram casino is a real event for all participants in the cryptocurrency market. Firstly, at the moment it has no analogues. Secondly, it makes it possible to earn cryptocurrency on betting and even supports the staking function. Thirdly, it has a wide range of a wide variety of games and sports betting.

Another distinctive feature of it is tokenomics. The developers presented a total of 100 million coins $TGC, of which 40% are traded on the presale, 20% will be used to provide liquidity, another 20% will be paid as a staking reward. Also, 10% of the total amount of coins will be awarded as a reward for each casino user. Another 5% are intended for those who actively support the project. And another 5% will go to various marketing companies.

It is a reliable and secure platform where users can play on their smartphones and receive cryptocurrency. At the same time, they do not need to go through KYC verification or connect wallets.

Early investors can get $TGC at a bargain price of $0.125. You can pay for your purchase using ETH, BNB, or USDT.

Pros of the project:

*Please note that a small amount of ETH may be required to cover gas fees when purchasing with a card/USDT.

Wall Street Memes

$WSM is a token of Wall Street Memes, which previously sold a sensational NFT collection worth $2.5 million. Therefore, the cryptocurrency community is already well acquainted with WSM products and trusts them.

The new meme coin was released on May 25, 2023. Analysts immediately noted the high potential of the asset, as within just a few minutes it was able to collect a record amount of $100,000. At the time of the second stage of the pre-sale, the total investment in the project exceeded $900,000. When this amount increases to $1,000,000, the token will move to a new stage of presale.

The demand for cryptocurrency has increased several times after the famous entrepreneur Elon Musk noted WSM on his Twitter account. This is not the first time that the attention of a media person has a positive effect on the value and popularity of a coin.

Experts are confident that the meme coin has every chance to take a leading position in the market. This is due to the honest and transparent policy of the company. WSM said that all 100% of the coins will be sold among users: 50% of the total number (2 billion tokens) can be bought on the presale, 30% will be used as a reward, and the remaining 20% will be evenly distributed on DEX and CEX.

Early investors can make big profits if they invest in the project now. During the presale, you can buy a $WSM meme coin at a bargain price of $0.0253. At the third stage, it will cost $0.0256.

Among the advantages of the project are:

*Please note that a small amount of ETH may be required to cover gas fees when purchasing with a card/USDT.

eTukTuk

The eTukTuk crypto project is aimed at the development of modern eco-friendly transport. When creating it, "green" technologies based on artificial intelligence are actively used.

The $TUK token acts as the project's coin. The owners of this cryptocurrency are investing in a promising asset that combines the advantages of the environmental direction, AI and the electric vehicle industry.

The token allows you to innovate, develop transport infrastructure and provide benefits for owners of such equipment. As a result, $TUK becomes attractive in the eyes of investors and electric car drivers.

Now there is a period of pre-sales, thanks to which you can purchase this cryptocurrency at a reduced cost. For purchase, the option with BNB, USDT or ETH coins is suitable. In the future, the token will have to grow in price.

Among the advantages, it is worth highlighting:

Sonik Coin

The Sonik Coin cryptocurrency is an ultra-fast meme coin. The developers managed to create a unique crypto project. This "cute hedgehog" turned out to be faster than other crypto assets, thanks to which it attracted the attention of investors.

The combination of the popularity of memes and the high speed of transactions gives a winning combination. As a result, Sonik has attracted the interest of the cryptocurrency community. The number of people willing to invest in the project continues to grow.

The pre-sale period has just begun, but more than $170,40 has already been collected. During the presale, 10% of the coins will be distributed and the same amount will be spent on staking (the program will start working after the launch of the platform), another <>% is intended for liquidity and transaction costs.

By investing in a coin at an early stage, you can then get a good income. Sonik Coin is currently trading at $0.000014. However, in the future, its cost will be much higher.

The advantages of the project are:

*Please note that a small amount of ETH may be required to cover gas fees when purchasing with a card/USDT.

XRP20

In August 2023, a new XRP20 token appeared on the market. It is an improved version of the well-known XRP, which is more focused on the average market participant. Buyers can stake coins to increase their income. At the same time, the tokens remaining after the presale will be sent for burning. The value of the asset on the presale is $0.000092. It is noted that since its release, it has attracted more than $88,<>.

The inspiration for the creation of XRP20 was the experience of its predecessor in the market. The developers analyzed the characteristics of the original XRP and decided to present an affordable, useful, and easy-to-use asset.

XRP20 is a kind of second chance for those who did not dare to invest in XRP at the time. It has high potential and is already gathering a large number of fans.

The new token is great for both beginners and experienced investors. The Ethereum network, which underpins the asset, allows for the seamless buying, selling, and staking of XRP20 tokens. A decentralized blockchain will help ensure the safety of community members' funds.

In total, the developers released 100 billion coins. Of these, 40% are available for purchase on the presale. The team plans to divide the remaining 60% into several categories: staking – 40%, providing liquidity on DEX – 10% and burning – 10%.

You can buy XRP20 at a bargain price of $0.000092 on presale.

Pros of the project:

Chimpzee

To date, there is a whole list of crypto startups dedicated to solving environmental problems. However, the Chimpzee project stands out among them, as it affects several areas at once.

With the help of Web3 technology, the project plans to use the earned funds to help the environment and save endangered animal species. Chimpzee is already collaborating with organizations such as The Giving Block, OneTreePlanted and the WILD Foundation.

The platform itself consists of three elements: the Zero Tolerance game, an internal store, and an NFT platform. For example, by purchasing Chimpzee branded goods, users earn tokens, and the money received goes to charitable foundations.

To participate in the project, users need to purchase an NFT passport. This certificate can be staked, earning an annual income of up to 20%, or it can be used to get unique features of the site. One of them is to create your own character within the game.

Traders can now purchase the CHMPZ token for $0.00064 in the first stage of the presale. The final goal of the project is $1,100,000, and once it is achieved, the token will be listed and will cost more at $0.00185.

Advantages of the project:

*Please note that a small amount of ETH may be required to cover gas fees when purchasing with a card/USDT.

YPredict

The introduction of artificial intelligence makes it possible to constantly develop the product and supplement it with many new features. Experts note that due to its usefulness, the token is able to rise in price tenfold.

Also, representatives of the company announced their intention to develop in different directions. For example, with the help of the yPredict editor, users will also be able to create and edit content. yPredict Analytics will help you analyze transactional data for stocks and cryptocurrencies. And yPredict Predictions will make a price prediction for different types of digital assets. Work is also underway on the company's own marketplace, where developers can sell their models for forecasting.

Experts say that the increase in the number of platform functions will have a positive impact on the pace of pre-sale and further growth $YPRED.

You can test the beta version of yPredict right now. To do this, just visit the official website of the project and sign up for the waiting list, which has more than 20,000 people.

At the time of writing this article, the 6th stage of the pre-sale of the project is coming to an end. The total investment is more than $2.6 million. Now $YPRED costs $0.09. When the amount of funds raised crosses the threshold of $2.982 million, the value of the token will increase to $0.1.

Advantages:

*Please note that a small amount of ETH may be required to cover gas fees when purchasing with a card/USDT.

BTC20

BTC20 is a new token based on a staking mechanism. With its help, customers will be able to earn cryptocurrency for 120 years. The cost of one such asset is $1. At the same time, the amount of investment at an early stage of the presale overcame the threshold of $60 thousand.

Many people often think of the time when the original BTC could be bought for $1 in 2011. The BTC20 team wants to give investors a second chance to profitably invest in cryptocurrency. That is why the token has a fixed cost within the presale - exactly $1.

In total, several stages of presale are planned: the main and additional. In total, the team is going to sell about 6.05 million coins. Since there are 21 million of them in total, the developers are going to block the rest of the coins. In this way, users will have more opportunities to make a profit through staking.

The developers draw attention to the fact that the number of coins placed in storage directly affects the final income.

The purchase of BTC20 is carried out on the official website of the project using ETH or USDT. At the same time, one token costs $1.

Pros of the project:

• Investing in the DeFi Coin token

The well-known decentralized DeFi system Swap has created its own digital currency called DeFi Coin. The coin appeared on the market not so long ago, but it is gradually becoming more popular. This is partly because DeFi Coin is required to carry out any action on the platform.

Plus, it is of particular interest to those traders who make money on cryptocurrency by long-term investment. DeFi Swap rewards all coin holders with periodic dividends.

You can buy DeFi Coin either directly on the DeFi Swap platform or on any cryptocurrency exchange. In most cases, the BNB coin, the native digital coin of the Binance cryptocurrency exchange, will be indicated in the cryptocurrency pair.

Many experts consider DeFi to be a promising investment. This is confirmed by the partnership with Binance, which is considered one of the most popular exchanges today.

How to make money on cryptocurrency through mining?

Cryptocurrency mining was especially popular at a time when virtual currencies were just starting their journey in the financial market. It is often used now. Its essence is to process transactions of digital currencies that users make. The miner receives payment for this work.

At the same time, no serious effort is required. Operations are handled by equipment. But on the other hand, the algorithm itself is complex. Therefore, the miner will need high-power equipment, which will be expensive. In particular, these are several powerful GPUs. Or special equipment directly for mining, which is sharpened for a specific coin.

To successfully engage in mining, you will need a start-up capital of several hundred thousand rubles. Before you start really making a net profit, you will have to wait until all investments pay off. On average, this happens in about a year.

It will be correct to use the services of a technician who will be able to properly connect and continue to service the electronics. For beginners, this option is not particularly suitable. It is more for those who have already gained some experience in the field.

Pros of making money on mining:

• In order to start earning income from the "mining" of cryptocurrency, you do not need special knowledge and large investments.
• Passive income. When mining, you do not need to be constantly present near the equipment. You can make money on a cryptocurrency farm and work somewhere else.
• Anonymity of your income.
• Your investment will pay off pretty quickly - in just a few months.

Cons:

• To earn serious money, you will need a room for large-scale mining. Moreover, it should be dry and with active ventilation.
• Video cards require constant cooling, otherwise they will simply fail.
• Every year, the reward for mining some cryptocurrencies decreases (for example, this happens with bitcoin).
• High energy costs.

Cloud Mining

Cloud mining is a budget option in which cryptocurrency mining is carried out on rented equipment, often located in another city or even country.

 With the help of cloud servers, you can mine Bitcoin, Dash, as well as Ethereum, Monero and other digital assets.

Pros of using cloud mining

• Cost savings - no need to buy expensive equipment, rent a room, pay for electricity.
• You can independently choose a service that provides cloud mining by reading reviews on the Internet.
• A large number of cloud services to choose from.
• A variety of tariff plans and cryptocurrencies for mining.

Cons

• Lower incomes. You will earn less than with traditional mining.
• You may stumble upon a "highly profitable hype" that is well disguised as a regular cloud mining service. In this case, it will be possible to generate income only at the start of the project.

Cryptocurrency Holding

Despite the unfamiliar English name "holding" (which can be translated as "retention"), this is perhaps the easiest method of making money on cryptocurrency. It represents the purchase and long-term storage of cryptocurrency in anticipation of an increase in its value. At the same time, this method can be described in two words - "bought and forgotten", since cryptocurrency can be stored for several years.

The holding became popular during the explosive growth of bitcoin, when many rushed to buy cryptocurrency in order to tear off their piece of the pie. True, not everyone succeeded, since if the first investors managed to make a fortune on BTC, then those who bought the coin after November 2021 were disappointed, because after reaching their peak, the price of Bitcoin began to fall rapidly.

Thus, although the holding of cryptocurrency can be profitable, not everyone manages to make money on it, since it is almost impossible to predict the price movement of such a volatile asset as cryptocurrency, especially in the long term.

Landing

Another interesting option for making money is a landing page. In essence, it is borrowing coins at interest. A trader can issue such loans to traders like himself and cryptocurrency exchanges. The latter use the landing page to increase the degree of liquidity of a particular cryptocurrency. The key advantage of a landing page is that you can effortlessly earn quite large sums. As practice has shown, such money cannot be obtained if you use a bank deposit.

The owner of the asset can issue a cryptocurrency "loan":

• Indefinitely. The interest rate in this case will be low, but the lender has the right to withdraw earnings at any time.
• For a certain period. The interest rate is high, however, the dividends received cannot be withdrawn before the set time.

Staking cryptocurrencies

Today, many people call the staking method a kind of analogue of mining. Staking cryptocurrency is in some ways reminiscent of opening a deposit with a banking organization. One of the main differences is that the account is opened in digital currency. In addition, profitability is higher here.

Every month it can be up to 3%. All the staker needs is to transfer a certain number of selected coins to a special account on the exchange. Thus, the user will receive passive income in the long run. And this is a big plus. Also, unlike mining, you do not need to purchase any equipment at all.

However, staking also has its drawbacks. The profitability is minimal in comparison with other ways of cryptocurrency earnings. At the same time, there is always the risk of closing the exchange. This means an instant loss of capital.

You should choose an exchange carefully. The platform must be secure and reputable in the market. Only in this case it will be possible to earn. Staking is good because it is suitable for both experienced traders and beginners. And the level of profitability from this method is determined exclusively by the selected digital currency.

Making money through trading

Trading cryptocurrencies also has its positive and negative aspects. Let's take a look at them:

Pros of making money through trading:

• Probably the most important plus is that no one controls you, and you do what you like.
• You draw a trading chart for yourself - sell and buy assets when it is convenient for you!
• Trading stocks, currencies or cryptocurrencies, with certain knowledge and experience, brings significant income.

Cons:

• High probability of losing your money.
• When trading, returns are not always stable. One month you can go at a loss, and the next you can get a significant income.

The list below includes exchanges where you can make money on cryptocurrency through trading.

Airdrops

Another new English term for us, literally meaning "airdrop", also appeared with the development of cryptocurrency. But if in aviation slang this word means dropping any objects from the aircraft, then in the cryptosphere it is, practically, money pouring from the sky. More precisely, it is a cryptocurrency that is given away for free for marketing purposes.

To participate in the airdrop, you usually need to fulfill certain conditions, such as buying a certain number of coins, reposting on social networks, etc.

Crypto.com

An exchange called Crypto provides its users with over 200 digital currencies to choose from. In essence, this is a whole cryptocurrency ecosystem that focuses on the acquisition, sale, and operation of coins. Among the popular choices of digital currency:

• Bitcoin;
• Ethereum;
• Litecoin;
• Ripple.

And many others.

The functionality of the trading terminal has been significantly expanded in the software. It will have access to applications, depth charts, a stop list and a large number of other useful tools.

Among the advantages of this site:

The main disadvantage:

Capital

One of the top exchanges is Capital. The main difference between the Internet service is an impressive set of contracts for digital currencies. A trader who is interested in blockchain will also be impressed by the global choice of cryptocurrency and the absence of transaction fees.

It is noteworthy that you can trade here not only coins, but also securities and other interesting assets.

The broker works with CFDs, so it will be an excellent choice for those traders who prefer short-term trading to earn money. That is, to conclude several dozen transactions during the day.

Inexperienced and professional traders are attracted to the exchange by the following advantages:

Cons

Earnings on ICO

In the process of ICO (initial offering, that is, the initial sale of tokens), you can buy coins for almost nothing. And make significant money by reselling the cryptocurrency after some time.

Pros of earning income from participation in ICO:

• When participating in the primary distribution of digital currency, you can earn even with small investments.
• Having successfully invested, you will receive super profits. It is not uncommon for the value of the token to increase by 1,000-10,000% within a month or a year after the ICO, that is, 10-100 times!
• Accessibility. Anyone can buy cryptocurrency during the initial sale.

Cons:

• The further fate of the issued cryptocurrency is unknown. And it is not a fact that its value will increase significantly.
• You can run into a scam project, scammers, and lose all invested funds.

And although these are more disadvantages, some traders still attribute them to positive aspects. For example, the lack of control makes cryptocurrency transactions unlimited. To eliminate the rest of the disadvantages, it is important to remain attentive when handling cryptocurrencies, as well as securely store registration data.

Is it possible to make money with NFTs?

Can! There are two options for making money on non-fungible tokens: issuing them or buying them for the purpose of resale.

NFT technology allows you to sell or buy a digital object – a painting, a music track, lyrics, etc. The price of this type of digital property can reach a million US dollars.

Pros of making a profit from the sale of a unique token:

• You can buy an inexpensive NFT from a little-known collection, and after a while sell the object at a much higher price.

Cons:

• NFT prices are highly volatile. It is unlikely that anyone will tell you for sure whether they will be appreciated in 5 or 10 years.
• When making a transaction with a non-fungible token, you will have to pay a fee for "gas", which can reach several hundred dollars.

Advantages and disadvantages of making money on cryptocurrency

In modern times, digital currency is gaining popularity not only for investment, but also for other options for earning. However, not everyone knows what are all the pros and cons of the cryptocurrency trading process itself. The following are most of the facts that every trader should know.

Pros:

• Access to design. Each trader, having received enough theoretical knowledge, is quite capable of developing his own coin. Of course, no one promises that investors will be quickly found for it. For everything to work out, you need a special approach.
• No inflation. Countless coins can be issued. And at the same time do not worry about the fact that it will be devalued. After all, the course changes according to rules that differ from the state economy.
• Retention of Personal Information. There is no need to send personal information to anyone to carry out transactions. Storing digital currency and setting up a wallet is also anonymous.
• Amounts of monetary transactions. The quantity is not controlled, so even really large amounts can be transferred at a time.
• Level of protection. Digital currency is protected more reliably than fiat. If you set up your own wallet correctly, it will not be easy to hack it and your earnings on cryptocurrency will be safe. To do this, you can even ask for the help of an experienced trader whom the user trusts.

These are the main advantages of working with digital currency. They concern not only specific coins, but also the entire cryptocurrency as a whole.

Cons:

• Inability to recover lost assets. If it happens that the funds are transferred to an erroneous account, there is no way to return them. Only if the owner of the same account returns them himself at the expense of the sending party.
• Lack of control of banking organizations. In other words, the control of funds lies entirely on the shoulders of their owner. The only protection can be called digital encryption of the electronic wallet.
• Complete lack of legal control. Most modern services do not accept cryptocurrency as a full-fledged means of payment. Precisely because it is not legally controlled. Therefore, coins are still not used in the everyday economy.
• The risk of losing your funds. Since cryptocurrency is usually stored in a wallet or on an exchange account, there is always a risk of a hacker attack and loss of registration data. In particular, the password. In most cases, the trader will not be able to return his coins.
• Frequent change of course. News about changes in the exchange rate of certain cryptocurrencies is regularly published in traders' news feeds. The main disadvantage is that the fall can be either a few cents or several thousand. Thus, an untimely transaction guarantees the loss of funds.