How to make money off cryptocurrency?

[Danda23]

I make money from cryptocurrency by studying a particular project, check when it dips, when the percentage loss is high, I buy, hold and wait for it to gain or make some percentage increase, then I sell and take profit.

[tranquangvinh]

I have been reading about exchanging sites. all of them have people who lost their money due to hacks, or investors got their accounts closed, frozen (Coindesk) without proper explanations, usually exchange sites let them deposit money, but they don't let them withdraw their money. No customer support.

How do you make money of cryptocurrency when the exchange sites are predators to hunt people's money? Decentralized trade sites maybe? If I read positive reviews about these centralized exchange sites , they doesn't seem genuine at all, most of the time, it looks like someone ordered them from Fiverr. Binance, Bitfinex with the Tether fiasco, Coinmama.... All of them looks like scummy attempt to get your money.

I don't think big exchanges like binance, bittrex can be easily hacked and attacked, a lot of people are trading on it and the team of those big exchanges is also very strong, surely they will have backup plans if attacked

[Big Game]

There are many who trade on Binance, and I think this exchange is one of the best. Yeah I don't like some of the stuff if you use this exchange, but it is a problem of usability personally for me. If you do not like centralized projects, there is Ether Delta, etc.

[mrdeposit]

I have been reading about exchanging sites. all of them have people who lost their money due to hacks, or investors got their accounts closed, frozen (Coindesk) without proper explanations, usually exchange sites let them deposit money, but they don't let them withdraw their money. No customer support.

How do you make money of cryptocurrency when the exchange sites are predators to hunt people's money? Decentralized trade sites maybe? If I read positive reviews about these centralized exchange sites , they doesn't seem genuine at all, most of the time, it looks like someone ordered them from Fiverr. Binance, Bitfinex with the Tether fiasco, Coinmama.... All of them looks like scummy attempt to get your money.

I don't think big exchanges like binance, bittrex can be easily hacked and attacked, a lot of people are trading on it and the team of those big exchanges is also very strong, surely they will have backup plans if attacked

Everything is possible in the online world. easy or difficult. With caution, you can always keep yourself more safe. No exchange would ever want to lose money by abusing its name. So, while others thought they had strong protection, they were hacked and there is nothing to guarantee that this will not happen to binance.

[Skroojee]

If you want to trade, then you have to choose a few good exchanges, such as Binance and although I still do not trust centralized sites, but exchanges like this, have earned the trust.

[michael23]

I earn crypto by trading. Not all exchanges are scams. I trade Binance and so far I have not experienced any problems with it.

[starblocks]

This is one of the main risks that cannot be overcome yet as exchanges are largely self-regulated and can pretty much do whatever they want and there's little recourse for users if something goes wrong apart from appealing to support which isn't always very helpful so just make sure you only use the most reputable exchanges if you're trading large amounts or if it's a lesser known exchange then don't make big deposits and only trade small amounts to lower the risks and you should be fine

[Dancil]

very unfortunate if this happens.
when it's tired of getting results everything goes away.
therefore being a Bitcoiner must always be careful and protect the assets that have been obtained.
always update information to draw conclusions and decisions so that we know what to do.
that's very important in my opinion.

[bountylayomi]

When we are talking about the security of funds on centralized exchanges, I trust Bitfinex and Binance the most. And even with that I will advise we only leave little amount of our portfolio on these exchanges. I trade more on decentralized exchanges.

[Akagum]

If we understand that developers of Cryptocurrency  exchanges develop exchanges as a way of contributing their quota to the continuous development of the blockchain technology.
Aside this, they create exchanges for profit maximization too.
Cryptocurrency exchanges are not non profit organizations.

So we should pput things in proper perspective.
I trade on exchanges,both centralized and decentralized and the only thing I pay is transaction fees ...which is understandable.
Except otherwise, there are exchanges that steal traders or investors fund?

[Ss4sukE]

there are two choices or ways to benefit from crypto. you can trade or invest, crypto provides a lot of convenience for every user but we need to remember that crypto is very risky. so always be vigilant before investing with ico or trade.

[edisystem]

I have been reading about exchanging sites. all of them have people who lost their money due to hacks, or investors got their accounts closed, frozen (Coindesk) without proper explanations, usually exchange sites let them deposit money, but they don't let them withdraw their money. No customer support.

How do you make money of cryptocurrency when the exchange sites are predators to hunt people's money? Decentralized trade sites maybe? If I read positive reviews about these centralized exchange sites , they doesn't seem genuine at all, most of the time, it looks like someone ordered them from Fiverr. Binance, Bitfinex with the Tether fiasco, Coinmama.... All of them looks like scummy attempt to get your money.

When it comes to exchange you must choose carefully because it's about your money.

Choose the popular and trusted one like Binance, Bittrex and other popular exchange. Big exchange like that have a good security and can protect your funds on your account.

[TravelMug]

Airdrop and bounty which is a token that has been released at the market exchange even though only a few of them will pay you with a token and will sell that token on the floor to convert to BTC or ETH when you sell promote their projects or products.

Airdrop is not worth in my opinion, and most of them are requiring KYC and there are a lot of scam airdrop as well. I read a few that those scammers will ask either for your key to receive your reward or they will ask for ETH to be deposited, so just be careful.

there are two choices or ways to benefit from crypto. you can trade or invest, crypto provides a lot of convenience for every user but we need to remember that crypto is very risky. so always be vigilant before investing with ico or trade.

Yes, for me this is the only choice we have right now. Be a trader to make money, or invest and take the risk and hope that one day when the tokens are release the project will be successful.

[manismanja]

there are two choices or ways to benefit from crypto. you can trade or invest, crypto provides a lot of convenience for every user but we need to remember that crypto is very risky. so always be vigilant before investing with ico or trade.

there are many ways to make money from Cryptocurrency so you have to choose the right way and according to your ability, you are an expert in the field where you can manage it properly.
all choices have risks so you must be able to determine a good strategy to get through everything that will happen.

[trash321]

You can earn in so many ways and today they are in most cases represented on our forum. Another thing is that there are always chances that you will be deceived by this cryptocurrency market, there is always someone who is deceiving someone. Therefore, it is like in real life.

[m0Ray]

And why are you still trading on unknown and untested sites? There are proven exchanges which are daily large transactions and in this forum you can find satisfied users of these exchanges. I advise you to exchange BINANCE. This is a good exchange that is time-tested and also has its own cryptocurrency. The most profitable way to earn money is to trade little-known coins in a short time. Give it a try.

[fosco333]

I have been reading about exchanging sites. all of them have people who lost their money due to hacks, or investors got their accounts closed, frozen (Coindesk) without proper explanations, usually exchange sites let them deposit money, but they don't let them withdraw their money. No customer support.

How do you make money of cryptocurrency when the exchange sites are predators to hunt people's money? Decentralized trade sites maybe? If I read positive reviews about these centralized exchange sites , they doesn't seem genuine at all, most of the time, it looks like someone ordered them from Fiverr. Binance, Bitfinex with the Tether fiasco, Coinmama.... All of them looks like scummy attempt to get your money.

Not all exchanges are unsafe, top exchanges should have top security on their exchange platform.
You still can make money with cryptocurrency if you careful using your coin in trusted exchange. Using decentralized exchange is not bad, but you
need extra careful to not getting phished by hackers.

[rachman mahesa]

Very much actually how to make money in crypto. If you don't have money at all, of course you can participate in a bounty or airdrop program. If you already have money and you want to produce it in crypto, of course you can invest or become a trader.

[Serve20]

You can make money off cryptocurrency without investing your hard earned money into it though it is not an easy adventure with the situation of the market. The easiest one you can get involved in now is bounty because to me airdrop has lost its relevance

[marjil]

Airdrop and bounty which is a token that has been released at the market exchange even though only a few of them will pay you with a token and will sell that token on the floor to convert to BTC or ETH when you sell promote their projects or products.

Airdrop is a good way to make crypto because you don't need to convert fiat and you can just keep the crypto in the wallet and use it when you need it and the same style applies to bounty.