3 Ways I’m Making Money With Cryptocurrency

THIS is how I'm making a lot of money with cryptocurrency.

I believe that cryptocurrency is the biggest thing since the invention of the Internet.

However, the cryptocurrency market is volatile because it is less established. Hence why I'm bullish on cryptocurrencies, long-term.

In this blog, I share 3 strategies for making money with cryptocurrency.

If you want to know how you can create financial freedom with cryptocurrency, keep reading!

Watch the video below:

(Click here to watch on YouTube)

Want to know the safer path to financial freedom with cryptocurrency that nobody is talking about? CLICK HERE to sign up for this FREE web event hosted by me and a crypto expert!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Cryptocurrency is a GREAT investment.

However, even though it's received so much mainstream attention, it's still risky. There is still so much room for growth. When it comes to investing in cryptocurrency my cardinal rule is that I never invest more money than I can afford to lose.

I believe that the rewards of investing in cryptocurrency are worth the risk. With that being said, I'm conservative with my investment portfolio. A small percentage of my portfolio is dedicated to high-risk/high-reward investments. Cryptocurrency fits within that realm.

However, everyone has their own threshold and tolerance for risk. You need to know what yours is. At this stage, I think it's worth getting exposure to cryptocurrency, even if you only invest a small amount of money. 

Please keep in mind that I'm not claiming to be a cryptocurrency expert. Rather, I just want to share my experience with cryptocurrencies, and the strategy and mindset that I adopt. I've been making money with cryptocurrency for a few years now.

However, as of late, I have been exposed to a few other investment strategies. Whether you're already in the crypto game or are thinking about investing, the information that I share will be of value to you.

On that note, let's dive into 3 ways that I'm making money with cryptocurrency!

1. Buy and Hold

This is the most common way that people make money with cryptocurrency. Primarily, I buy and hold Bitcoin and Etherium. There are a few ways that I buy and hold cryptocurrencies. If you're brand new to investing, the first thing that you're going to need is an exchange.

The most popular and user-friendly exchange on the market for buying cryptocurrencies is Coinbase. If you sign up with them and buy or sell $126, they will give you $12 of free BTC. 

When it comes to holding cryptocurrencies, sometimes I'll hold them in my exchange. Other times I'll hold them in a hard wallet. If you have a lot of money in cryptocurrency, I recommend getting a Trezor wallet. Keep in mind that it is more expensive.

A third way is through ETFs. On the Toronto Stock Exchange, there are some ETFs that you can buy in your stock brokerage account. There's one for Bitcoin and one for Etherium that I'm invested in. The tickers for those are Purpose Bitcoin ETF (BTCC.U) and CI Galaxy Ethereum ETF (ETHX.B).

I like to hold my cryptocurrency in a stock brokerage account for security purposes. Because cryptocurrency isn't regulated, there are levels of theft that occur. Thus, as your investment portfolio grows you want to spread out your cryptocurrencies amongst different exchanges.

Whenever there is a correction or a crash, I look at this as an opportunity to buy more cryptocurrency at a discount. However, if you're only in it for the short term, the market volatility may freak you out. This is why you should never invest more than you can afford to lose.

2. 4%+ Interest Off Cryptocurrencies

I love a service called Nexo, which is similar to an exchange. It allows you to hold your cryptocurrency and earn annual interest on it. Primarily, they give you 4% interest on the base with more stable coins, like Bitcoin and Etherium.

There are ways that you can earn more interest. One way is through holding their Nexo coin. This allows you to be a part of their Nexo Loyalty program. When you gain access to their platinum level, you can get up to an 8% interest rate on your cryptocurrency. However, keep in mind that a 4% interest is still great!

By having your cryptocurrency in a Nexo account you can get a better interest rate than you would just by having your fiat currency in your bank's savings account. Moreover, you can put your fiat currency inside a Nexo account and get a much higher interest rate than you would with your bank.

You can also get high interest on stable coins, like USDT. Basically, this is a coin that matches US dollars. If you sign up for Nexo you will get $10 Free BTC when you deposit $100.

3. Grid Trading With Bots

Grid trading is a trading method that comprises placing a series of buy and sell orders at predefined intervals around a fixed price. Essentially, when a specific coin drops, it will buy. When it goes back up, it will sell.

As volatility occurs in crypto, the more trades occur, and the more money that you make. With any coin, you make money on it, as it appreciates. Conversely, if a coin depreciates, you'll lose money. However, you only lose money when you sell.

Bitsgap is a cryptocurrency management platform that connects with your exchange and offers grid training bots. I highly recommend that you check it out. If you sign up, you will get $10 USDT free.

Watch the video above where I share my computer screen and walk you through how I made $900 in 3 days using grid trading with bots!

Think of owning coins like owning real estate properties. Real estate will go up and down, but you only make or lose money when you sell a property. If you're holding property long-term you don't have to worry. Even if a coin goes down, it's still bringing in income, just as if you had a real estate property that you're renting out to tenants. 

These are 3 ways I'm making money with cryptocurrency.

I've made a lot of money with cryptocurrency. However, I've still made nowhere near the amount of money that can be made. I know some people who have made millions of dollars from cryptocurrency. 

For this reason alone, I think it's very worthwhile to learn about and get involved with cryptocurrency investing. The payoff to doing so can be life-changing. Happy investing! 

Want to know the safer path to financial freedom with cryptocurrency that nobody is talking about? CLICK HERE to sign up for this FREE web event hosted by me and a crypto expert!