5 Tips To Save Your Bitcoin Cash Earnings ( For Beginners)

Noise.cash and read.cash are so far the most legit and best place to earn Bitcoin Cash. Aside from being friendly platform, they uses blockchain technology specially Bitcoin Cash network for payment method. In this way, users can withdraw their earnings in just a second with almost zero cost transaction fees.

These things will help you especially beginners (like me) to save your earnings from volatility of Bitcoin Cash and some other possible losses. Well, that's depends if you want to save it or hodl it. But unfortunately, we are talking about "Saving"xD.

These tips are from my own experience for being a more than 365days user of the both platform(read and noise.cash). Been done it and gonna share it to give help for our freshies read cashers and noisers to save their possible earnings.

If you're starting to earn Bitcoin Cash, here are the things that may help you to save and secure your earnings.

1.) Convert Your Bitcoin Cash To Stable Token

Hodl! as what they say, But that's debatable against "Save it!" when it comes to practicality. If you're intention is to "save", don't hesitate to convert them into your local currencies. In this way, you got what you earned. Hodling is good, but practicality is much better!.

Another thing, Bitcoin Cash is works like money, instead of holding it, why not spend it!. Bitcoin Cash is one of the most volatile cryptocurrencies so expect unwanted movements that may affect your savings if you keep hodling it.

2.) Convert Plus Hodl Combination

This method is the best if you want to add a little gain for your earnings. This will help you to secure your savings while earning while hodling it. And here's how to do it:

We've talked about stable coin above to escape your savings from volatility. Aside from your local currencies, I suggest you to try stable coins from smartbch.

FlexUsd and Sbusd are the leading stable tokens on smartBCH that can be seen here. Sbusd is my favourite since it is more volatile despite of being a stable coin / token. Using the buylow/sell high strat is the best way to succeed on this tip.

You can save your Bitcoin Cash earnings through converting them to SBUSD, then buyback during down trend. You can make your first trade on mistswap.

3. Buy Trusted Tokens On SmartBCH(Optional)

Just remember, always do your own research. If you want to take a risk with your savings, you can do this.

On cryptocurrency space, it's either win or lose but knowledge is power. Buying trusted tokens can give you a gains. In other word, you can make profit with your earnings.

Don't forget to check the graphs and price movements of these tokens. Just make sure that they are trusted and progressive projects. You can find some on smartBCH.

4.) Convert Them Into NFTs(Optional)

Non- Fungible Tokens don't really feel volatility. They can also serve as stable coin when it comes to storing values. The problem is, you will be having difficulties while selling back them.

Selling isn't easy but maybe choosing the recognised NFT collection can save you from these difficulties. If you want to store your saving in png or jpgs, you can try NFTs.

5.) Go Buy Your Things!

If you want to save your money directly with no complex steps, Go Buy Your Desired Things!

The best steps to make sure your savings is in good hand without worrying about volatility and losses thingies. Buy yourself foods, clothes or anything directly using your Bitcoin Cash!. The most recommended reco among the other four. Lol.

There you have it!. Hoping that you have learned something. Want to add some tips for beginner? drop it on the comment section and I will surely add them.