HODL is technically the simplest earning scheme, but it contains certain risks. In a nutshell, it works like this: you have to buy with real money the cryptocurrency whose long-term prospects seem the most “solid” and store it in a safe place for a long time, sometimes even several years. Then, when the rate of the crypto-currency, in the investor’s opinion, has risen enough, you can sell it at a profit. Let’s find out if can i get a loan to buy crypto.
The main difficulty lies in the volatility of cryptocurrencies. When the rate starts to fall, it is very important to determine whether you need to rush to sell your savings before they have completely depreciated or if it is only a temporary crisis, so there is no point in panicking. Using your knowledge and skills, you can make patience pay off many times over.
To increase your chances, you need to gain as much experience as possible – the market is largely controlled by emotions, and no expert can 100% predict its rise or fall.
Investors are divided into two main types:
- Some believe piously in the success of popular cryptocurrencies, especially Bitcoin, and keep their savings in them.
- Others are looking for alternatives – for example, investments in exchange tokens (HT, BNB, EXMO Coin, etc.) are gaining popularity. They do show good growth potential, and in addition, they are actively working and developing.
One important investing rule to remember is to never keep all your eggs in one basket. In other words, you need to diversify your investments, buying several cryptocurrencies of different types at once. Then, even if one collapses, the investor will not lose all the money. Cryptocurrency exchanges through which you can buy cryptocurrency (alternative to exchanges, if you do not plan active trading): Baksman, 24paybank, Prostocash, 60cek, Xchange, Kassa.
Battle Infinity is a gaming platform that offers its users a variety of P2E games. Here, lovers of decentralized leisure will get a lot of opportunities to both have a good time and make good money. Transparency and security ensure complete immersion. Any kind of interaction is available in the games, which will allow each user to choose a variant to his/her liking and earn cryptocurrency with pleasure.
The unique functionality of the platform generates the interest of new users. These features make spending time on Battle Infinity more interesting and profitable for players. For example, freezing a certain amount of tokens for a predetermined period of time helps to get interest accruals. The amount of profit received depends primarily on the frozen amount.
Stabilization of the price of tokens is possible due to the automated addition of liquidity to the pool. Also, the platform does not allow bots to influence the value of the player’s finances in any way. There is a transaction fee, but the accrual cannot be called significant, which allows users to stay in the black on all parameters.
Cloud mining is a budget option where cryptocurrency mining is done on rented equipment, often located in another city or even country. Cloud servers can be used to mine Bitcoin, Dash, as well as Ethereum, Monero, and other digital assets.
The benefits of using cloud mining
- Saving money – no need to buy expensive equipment, rent a room, or pay for electricity.
- You can independently choose a service that provides cloud mining by reading the reviews on the Internet.
- A large number of cloud services to choose from.
- A variety of tariff plans and cryptocurrencies for mining.
- Lower-income. You will earn less than with traditional mining.
- You may come across a “high-yield HYIP” that is well disguised as a regular cloud mining service. In this case, you will only be able to earn income at the start of the project.
Earnings through a landing page
Another interesting option for making money is lending. In essence, it is lending coins at interest. A trader can give such loans to traders like himself and to cryptocurrency exchanges. The latter use banding to increase the liquidity of a particular cryptocurrency. The key advantage of banding is that one can effortlessly earn quite large amounts of money. As practice has shown, it is not possible to get such money if you use a bank deposit.
Cryptocurrency “credit” can be given by the owner of the asset:
- Indefinitely. The interest rate, in this case, will be low, but the lender has the right to withdraw the earnings at any time.
- For a fixed term. The interest rate is high, but the dividends received will not be able to be withdrawn before the specified time.
The method of staking is now referred to by many as a kind of analog of mining. Cryptocurrency staking is, in some ways, similar to opening a deposit at a banking institution. One of the main differences is that the account is opened in digital currency. In addition, the profitability here is higher.
Every month it can be up to 3%. All the stake needs are to transfer a certain amount of selected coins to a special account on the exchange. Thus, the user will, in the long term, receive a passive income. And this is already a big plus. Also, unlike mining, there is absolutely no need to purchase any equipment.
However, there are some disadvantages to stacking. The profitability is minimal compared to other ways of earning cryptocurrency. At the same time, there is always the risk of closing the exchange. This means instant loss of capital.
You should choose the exchange carefully. The platform must be safe and reputable on the market. Only in this case will it be possible to earn. What is good about trading is that it is suitable for experienced traders as well as for beginners. And the level of profitability from this method is determined solely by the chosen digital currency.
The Coinloan platform
Coinloan (coinloan.io) is one of the industry’s largest p2p cryptocurrency lending platforms. It allows individuals to borrow money by pledging cryptocurrency investments with an LTV of up to 70%. The project practices both short-term and long-term loans (from a week to three years).
Features of the site:
- A market participant can adjust the terms of the loan himself – term, amount, interest rate, the currency of receipt, and collateral.
- Work is possible after passing the KYC check.
- An unlimited number of loans can be taken at one time.
- Minimum loan term is 7 days, maximum 36 months.
- LTV can be adjusted from 5 to 70%.
- Supported cryptocurrencies are BTC, ETH, XMR, BCH, CLT, ONT, and LTC as well as some stablecoins.
- Supported fiat currencies are USD, EUR, RUB, and GBP. Payback is required in the same currency in which you borrowed.
- Available ways to receive funds – ADVcash, Alfa Bank, SWIFT, SEPA.
So Coinloan is an interesting option for both borrowers and lenders. Importantly, everyone can find a loan here to suit their conditions if a suitable counterparty can be found. That is the essence of p2p platforms.