Today, there are more and more diverse attractive options for making money on the exchange of cryptocurrencies. The jumps in their rates allow many people to profit quite profitably without trading directly on the exchange. Nowadays, online currency exchange is available to almost anyone. It is worthwhile to understand that, in order to earn money in this way, you should be as careful as possible, since on the Internet you can become a victim of a fraudulent scheme. In this article, we presented material on how to make a profit on cryptocurrencies, while protecting ourselves from network adventurers.
What is a crypto exchanger?
To understand how to make money on the exchange of cryptocurrencies, you need to be well versed in the mechanisms that are used for this. First of all, we are talking about an exchanger of such money.
In fact, this is a special resource on the Internet. Its main purpose is to exchange fiat coins for cryptographic coins and vice versa. You can also change one crypt to another.
Most resources for conducting such operations are of two kinds. Some work online. On such services, all operations are performed directly in real time.
Also, offline resources work in the Network, in which you need to leave a request for the exchange of cryptocurrency for fiat. Your application arrives at the office, in which the operation itself takes place. It is worth noting that in our time there are few such exchangers. Those that work online actively supplant them.
How to get crypto coins?
There are special instructions on how to make money on cryptocurrency exchanges. To carry out such operations, you will need special wallets. There are two ways to get digital coins - paid and free, without investing personal funds.
We will consider each of the options to understand how to make money on the exchange of cryptocurrencies, having received initial capital.
Equity investment
The following paid methods exist:
- work as an escrow agent, which provides for your arbitration of cryptocurrency transactions;
- participation in gambling (we immediately emphasize that the event is extremely risky);
- trading - a method that requires significant experience and the availability of special knowledge;
- cloud mining;
- resources intended for investing in bitcoins (most of these services are fraudulent, so they are also not advised to contact them);
- operations on the exchange of fiat for crypto coins, which are carried out in exchangers;
- digital coins can be borrowed (this is another risky method that is not recommended for beginners; in this situation, your profit depends on the creditor’s requests, the interest rate set by him).
No attachments
There are also free ways to get cryptocurrencies that do not involve investing your own funds. These include:
- clicks on special services, they really get the amount equivalent to 40 cents per hour;
- the use of bitcoin faucets (bring from 5 to 8 cents per hour);
- work on freelance exchanges (income depends on the price set for a specific task);
- writing articles on cryptocurrencies;
- development of specialized content for news feeds or thematic blogs (income depends on the skill of the writer, theoretically it can reach $ 5 per thousand characters);
- the provision of professional services (specialists in design, programming, translation, layout, technical support are in demand);
- cryptocurrency mining on your own computer;
- participation in specialized Bounty campaigns;
- referral links;
- some computer games allow you to get some profit;
- participation in surveys.
Getting cryptocurrency in exchangers
As you can see, it is very difficult to get cryptocurrency without your own investments. Amounts are minimal, and also require considerable time. Therefore, the most effective and safe is the use of online exchangers that are popular today.
To exchange the money you have for crypto, you should adhere to the following instructions:
- On the BestChange service, select the course that is most profitable. You should be interested in users who offer to exchange rubles for bitcoins or other cryptocurrency with which you plan to work.
- In the wallet, which should be pre-opened, you need to specify the payment system where you will transfer rubles from. Then choose the cryptocurrency you want to receive.
- Please note that the system constantly displays several dozen exchangers. At the very beginning, you will come across offers with the most favorable rate.
- By clicking on the necessary exchanger, you should indicate the cryptographic wallet that belongs to you, and then the card number and your wallet in the electronic payment system.
- Now you just have to wait until the requested amount in cryptocurrency arrives in your account.
Earnings on the exchange of bitcoins on Qiwi
You can find quite a few options for how to make money on the exchange of cryptocurrencies at Qiwi using bitcoins. However, you should immediately caution that you should not expect high profits. If you are promised some fabulous income, most likely you ran into scammers. Believe that if in this way it was really possible to earn so much money, no one would share the secrets of their earnings.
Numerous reviews about regularly received extra-profit that are published on forums and sites should not be misleading to you. As a rule, they are written to order by hired copywriters.
On such schemes only their developers are able to earn. Their task is to create an effective landing page, which describes how to make money on the exchange of cryptocurrencies by exchanging rubles in Qiwi for bitcoins.
Fraudulent scheme
As a rule, the user is invited to deposit rubles into his wallet in Qiwi. Then exchange them for dollars, and then for bitcoins. After that, the bitcoins are exchanged back to rubles, and the profit is displayed on a bank card.
The weakness of this scheme is that at the stage of the exchange, fraudulent Internet services are connected back to rubles, the owners of which seek to simply get the money of unlucky customers.
The victims of such operations constantly leave disappointed and angry reviews about the cryptocurrency exchangers that trade with such operations. So if you prepare in advance, you will quickly find out what to expect from such an offer that looks beneficial only at first glance.
Earning strategies
At the same time, there are still ways to make money on cryptocurrency exchanges in exchangers. At the same time, you need to understand that they require considerable experience and knowledge, so that the profit is really significant.
Among the instructions and options for making money on the exchange of bitcoins, the provision of cryptocurrency arbitrage services is leading. In this case, the user will have to find the site with the most favorable rate, purchase coins. Then sell them elsewhere, using the difference in rates.
You can also provide exchange services in your own exchanger. Any user can create it. At the same time, there should be a profitable exchange rate for fiat cryptographic money for clients so that you make a profit. That's just to attract visitors to it will not be easy.
Finally, among the ways how you can make money on a cryptocurrency exchanger, there is an exchange of fiats for cryptocurrency. In this case, you have to keep digital funds, and when they grow, transfer them back to one of the fiat currencies. However, it should be understood that the rate of bitcoin, like any other digital currency, can not only grow, but also fall.
Another way is to participate in an affiliate program. In this case, you should attract customers into your exchanger who will go to the site using the referral link. In this case, you will receive a reward from each exchange operation.
Potential risks
You should immediately understand what risks may haunt you in this area. Like any trade, these are associated with risk. Unfortunately, the probability of losing bitcoins always exists. Before using the exchanger, be sure to check its reputation, reviews left by visitors about it.
Start operations with small amounts, which will not be a pity to lose, to make sure the honesty of the exchanger holder. To minimize risks, it is recommended to use several exchangers with a good reputation at once.
In addition, you have to constantly monitor cryptocurrency quotes, timely responding to any changes.