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You’ve heard about cryptocurrency, blockchain, web3.0, and other complex new technological innovations. With the popularity of the industry growing, there are quite a few things that you can do once you enter the space. You can engage in gambling, such as esports betting and online casino gaming.
Aside from using crypto to place bets on games, you can do other things with the technology. You might have seen many people make plenty of money from the crypto space, wondering how you can get into it. There are different areas you can give a try, depending on what you are willing to invest in.
Fortunately, you choose to invest your money, time, or skill if you want to make money in this space. You’re set to enter the top 1% if you have all three in abundance. Therefore, we’ve put together five different ways you can start making money from the cryptocurrency space. You can read through each one and pick the one you want.
Whitelisting and Giveaways
Many projects enter the space regularly, and we enjoy it before the journey starts. As a newbie, you can hunt for these new products to be part of the first investors to increase your chances of earning big if they can blow up in the future. Aside from that, you can get whitelisted, meaning you’ll have first-hand access to the offers as they come.
In that case, you have the chance to earn more than other investors, and you might not have to risk any amount of money. However, these whitelists are pretty hard to find.
Therefore, you need to be vigilant to not miss out on them. Also, you can participate in giveaways across different communities, making it easy to enter the crypto world.
Freelancing
Freelancers are enjoying the growth of the crypto space, and we’re getting many people that want to build new projects, teach people about the crypto world, and do other important things to push the industry further. Therefore, they go out to hire freelancers to help do the job, and if you have any of the in-demand digital skills, you can always jump on the various job openings.
You can be a content crypto writer who helps talk about new projects and give readers a chance to learn more about the space. Aside from that, you can help simplify and demystify the web3.0 space to make it more accessible to the public. Therefore, you can start making money without even risking your actual money.
Trading
If you have a level of risk, you can also take on trading. Not to worry; you can find many resources to help you learn how to get started.
You have to choose the type of trading you want to engage in and learn about everything. Once you do, we advise you to try it with a free demo account before you start risking your money.
You can engage in two major types of trading: spot trading and futures trading. Each is based on your level of risk and how well you can understand how they work. However, before you start, you should know that you can lose your money if you don’t have the right strategies.
NFT Flipping
One of the big game-changers in the crypto world is non-fungible tokens representing different digital arts and giving owners complete ownership of the assets. In this case, when you own an NFT, you don’t have to worry about it being duplicated as it has a unique certification tied to your unique ID and address.
So, you can own different NFTs that you can flip for profit. In that case, you can use it to increase your asset value by auctioning or selling at a fixed price higher than the amount you got it for.
You can continue to do that. However, you’ll need to have enough money to mint different NFTs before you can start making money.
Development
If you have the skill to write codes and build different technologies, you can make money by becoming a Solidity developer and Smart Contract developer, among other incredible things. You can also create your project that other people can buy into once they like what they see.
If you don’t know how this technical part of the space works, you would have to dedicate many years to learning and building your developer profile before you can start making money. However, you can do it on the side as you earn money from other areas of cryptocurrency.
Reviewed and edited by Albert Fang.
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Article Title: Five Different Ways to Make Money in the Web3.0 and Cryptocurrency Space
https://fangwallet.com/2022/06/15/five-different-ways-to-make-money-in-the-web3-0-and-cryptocurrency-space/The FangWallet Promise
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