How to Profit From Crypto Without Investing or Spending Money

You make money from cryptocurrency through investment, trading, and mining. Undoubtedly these are the best ways to earn passive income from cryptocurrencies. However, in order to earn by using these methods, you need to heavily invest in cryptocurrencies.  

You can also earn through staking, yield farming, and the vault storing method to earn profits on your crypto assets, but before you can use these methods, you need a lot of cryptos.

You need money to profit from investment, trading, mining, yield farming, and staking. However, what if I tell you, you don’t need money to profit from cryptocurrencies.

StormGain

StormGain is a Crypto Exchange platform, where you can mine bitcoins, put your mined bitcoins into trading, and earn the profits you make on trading. This is absolutely free to start. They also offer a referral commission. You will earn 15 percent of mined funds your referrals withdraw. However, you will profit on StormGain only when the market is gaining, when the market starts dipping, you will start losing money.

If you want to use Stormgain you need to remember a couple of things, first of all, you cannot withdraw the mined bitcoin to your external wallet, the amount you mine needs to be put to trade, and the profits you make from trading is the only funds that can be withdrawn to your external wallet. The withdrawal threshold is very high, so to earn that amount from trading requires a long time. Sometimes you will lose all the funds that you put for trading, that is usually when the market is down. For instance, if you start trading bitcoin when the price is $40K and when the price goes down to $35K you will lose your entire funds.

Mining Pi Network and Bee Coin

If you are into cryptocurrency, you might have probably heard of Pi Network and Bee Coin. These two are popular crypto tokens than can be mined on your mobile device. Even those these two coins are still in the early phase, a lot of people are already mining Pi and Bee on their phones. These coins do not have any cash value at the moment because they are not listed on exchanges for public trading. People are mining these coins in a hope that when the coins are listed on exchanges, they will already have some coins with them. 

I have never taken any interest in the coins like Pi and Bee because they are just tokens that do not have real value. These cryptocurrencies are in their early stage. If these currencies have the potential to grow in the future, I believe using the Pi Network mobile application to earn Pi and Bee coin mining can be highly beneficial in the future. After reading this post, if you head straight to your mobile to download the app, you may not be able to join these apps and start mining immediately because you cannot use Pi and Bee mining without a referral code. The apps are available only on an invitation basis, you need to be invited by someone who is already using these apps to be able to use the apps. If you want to benefit, look for existing users who can send you an invitation code so that you can start mining Pi and Bee.

Profiting From Crypto

I have invested in stock as well as crypto. However, I am not trading stock or trading crypto. I am an investor. I plan to gradually grow my assets (stocks as well as cryptos). However, given a choice between stock trading and crypto trading, I would choose crypto trading because I don't need a license to trade crypto.

If you want to benefit from cryptocurrency, you need to invest in a couple of coins and patiently wait for the coins to get value. You might even have to wait for years before your invested coins get appreciated. If you are not patient enough, you might not profit from a crypto investment. Panic selling should be strictly avoided.

One of the easiest ways to make money while holding your cryptocurrencies is by saving your crypto assets on interest-bearing accounts. You can try saving your cryptos on the exchanges that give you interest on your deposits, Blockchain exchange for example. You earn up to 12 percent interest on blockchain exchange. You can also save in crypto banks like Celsius or Nexo.  Binance offers a lot of earning options, from staking to yield farming.

First published on Trendri, in author's account