Have you ever considered buying and selling cryptocurrency for profit? I’m guessing that your answer will be, “No way, it’s too risky”.
Yes, I completely understand that type of reasoning. There doesn’t seem to be one day without someone mentioning how much money they are making with Bitcoin and other Cryptocurrencies. While someone else says they have lost everything. This is very confusing for anyone new to cryptocurrencies who just wants to know how to earn money from cryptocurrency safely and securely.
The reality is that Bitcoin and cryptocurrencies are here to stay. In the near future they will be used to transfer money all over the world as well as purchasing from your local shop. So, even if you are apprehensive about getting involved, it could be a good idea to learn as much about cryptocurrencies as you can.
In this article I will explain some of the basics about creating a passive income from crypto investments. However, if you want deeper information about cryptocurrencies, click on the “Learn More” button below.
How to earn money from cryptocurrency as a beginner?
This system presented on this page is best case scenario even for a beginner is good and the fastest way to earn cryptocurrency. It is possible to make about 30% profit every month. However, the key to financial success is the ability to understand the risks and keep them to the minimum. This includes avoiding scam-like situations, which is something I will go deeper into later.
How to minimum the risks?
I know this is going to sound a bit simple, but use your common sense when investing in cryptocurrencies.
This means:
- Don’t use all your savings.
- Look at using about 30% of your savings to invest in cryptocurrencies.
- Never take out bank loans or credit to finance your investments.
Yes, this is simple guidance, because cryptocurrency investment is not a get rich quick scheme, so be aware you are in this for the long haul.
What cryptocurrencies should you invest in?
I would suggest for this strategy and system to use these three cryptocurrencies exclusively.
They are:
- BTC (Bitcoin)
- ETH (Ethereum)
- BNB (Binance Coin)
Why only these three cryptocurrencies?
The simple reason is because these three coins have the highest market capital. They also achieve ATH (All time highs) even after a big drop they bounce back to a high rate overtime.
Do not invest more than you can afford?
A silly question, so of course not. Any investment has an element of risk so spending more than you can afford is not a smart move. Investing in a cryptocurrency is a long term project, because of crypo’s volatile market history. For example, if your coin drops in price and you really need some money now, you will make a loss. Your goal should be to wait until the exchange rate is high so you can gain a healthy profit. So, consider carefully how much you are going to invest so you are in the best situation for any worse case scenario.
Step by step strategy to avoid scams when buying and selling cryptocurrency for profit
I hate being scammed when I buy something online, I hate being scammed when I think something is a good deal and I most hate being scammed when I am investing money in a business. So, having a safe and secure day trading cryptocurrency strategy is something that should be expected rather than hoped for.
Unfortunately, there are many scammers online who are only too willing to take your money.
Below I have listed the four top ways to secure you and your account and ensure you will not be scammed by online hackers and thieves.
The best way to make money in cryptocurrency without being scammed
- NEVER tell anyone including your mother what your private key is. If anyone asks you for your private key because they need it to put money into your account, they are lying to you. IT IS NOT REQUIRED. If you share your private key with anyone they will have access to your cryptocurrency wallet. So, your private key is for your eyes only.
- The X30 scam has become a classic scam of those new to cryptocurrency investments for a while. If someone on Twitter or Instagram tells you that you can make massive profits in a week with cryptocurrency mining you are in the early stages of a scam. If they think you are interested in their offer they will ask you to put money into their Bitcoin account with a promise that you will receive great profits in a week. Once you have put the money in their account you will never hear from them again.
- If an email comes from a service that seems legitimate we are sometimes too easily sharing our personal information. This includes details such as our private key, or your password. Let’s make it clear, no legitimate company or service provider will ever ask you to send your personal information via your email.
- Have you ever misread something like “FCUK”? Read again, it is the initials of the UK’s leading fashion retailer French Connection United Kingdom (FCUK). So, why am I mentioning this interesting piece of information? Well, many scammers use a similar method to get your information. They mix up the letters in their URL domain name so it looks like a well-known cryptocurrency stock exchange. Then the site will ask you to login like you normally do and hence they have your access details. So, check before you start trying to login.
How do crypto currency work, but will it work for you?
It is so important to have all the information before starting anything new. So, having a strategy that works and that you understand is vital. Nobody should be scared of cryptocurrency because like the internet it will sooner or later become ingrained in our society. Can you imagine only 20 years ago how impossible it is to live without the internet and our smartphone? I don’t think any of us believed that the internet would have such an impact as it has today.
To learn more about buying and selling cryptocurrency for profit with a strategy and system that works click on the button below. This is going to be the chance of a lifetime and a decision that will change the direction of your life forever.