“Money is a network of perception, to not become useless this perception needs to be distributed,” Says Gun Gun Febrianza

The impact of new technologies on the finance industry has led to a global standard means of providing products and services, Especially the models that have transformed the traditional means of providing banking and financial services.

The crypto market is one fast-rising system that has allowed both selling and buying of products in the digital market. Cryptocurrency provides different ways you can earn on its platform, hence the brighter future its users and prospects trusts its proficiency in the digital market space.

The following are six (6) ways you can earn in the Cryptocurrency space:

1. TRADING
Cryptocurrency trading involves buying and selling coins via an exchange for profit. Investors speculate on cryptocurrency price movements to make a profit. This requires proficiency in the technical analysis due to the volatile nature of the Crypto market. Statistics shows that, as of 2021, there are over 300 million users worldwide, with a crypto ownership rate of an average of 3.9%

2. STAKING
Staking is a great way to use your cryptocurrencies to generate passive income. This involves committing your crypto assets to support a blockchain network for a specified period. In return, you will receive interest for committing your assets. Staking allows you to earn extra money while holding your coins with the hope to resell them for a higher value in the future. To stake your crypto, you need to own a Cryptocurrency that uses a proof of stake model.
Here are some benefits of cryptocurrency staking:

• Staking allows you earn interest on your cryptocurrency holdings.
• You don’t need any equipment for crypto staking like you would for crypto mining.
• You’re helping to maintain the security and efficiency of the blockchain.
• It is more environmentally friendly than crypto mining.

3. FREELANCING
This involves using your skills and experience to provide services to crypto companies or related businesses on a short-term contract. You can freelance in fields such as programming, Web design, branding, writing, teaching, content creating, etc. Research has also shown that Freelancers now make up more than 35% of the American workforce and are responsible for a significant amount of the U.S. GDP. Freelancers are also starting to get paid in cryptocurrencies.

4. MINING
Mining is one of the oldest ways of earning in crypto. Crypto mining, involves verifying transactions on a blockchain using machines with extensive computing power. For this service, miners are rewarded with a fee. The process of mining is rigorous and expensive as it requires a lot of electricity and mining. Recent research shows that bitcoin miners’ revenue per day is at a current level of 36.26M against previous statistics which shows the high level of competitiveness.

5. LENDING
Crypto lending is an ingenious decentralized finance (DEFI) instrument to obtain the cash you need quickly, as it allows you to utilize your crypto holdings as security to get secure loans. Collateralized crypto lending is a viable DEFI solution that allows borrowers to use their crypto assets as collateral to get a fiat or stable coin. Crypto loans allow you to use digital assets you hold to generate dividends by lending out part or whole of the holdings. Popular lending platforms are Compound, AAVE, MakerDAO, etc. The crypto Lending platform provides value to both the borrower and lender, however, make your considerations before borrowing.

6. AIRDROPS
This is one of the easiest ways to make money in the crypto space. An airdrop is a free distribution of a cryptocurrency. It is often associated with the launch of a new cryptocurrency as a way of marketing and promoting the project. Participants are asked to carry out simple tasks to qualify to receive free coins. Crypto Airdrops promote awareness, reward users, investors, and decentralized token distribution.

Cryptocurrency provides revolutionized financial structures to aid earning in the space. The aforementioned ways are good avenues to earn in the crypto space