Due to crypto’s volatile nature, every enthusiast wonders how they can earn from it in the safest possible ways. Here are some research-proven and profitable ways that one can earn from while transacting with crypto.
Spend it.
Many business outlets are starting to accept crypto as a form of payment for goods and services. With the feature, you can directly spend your crypto without the need to first exchange it into Fiat to pay that bill. There are debit cards and prepaid cards for bitcoin and altcoins as well.
Investment vehicle.
The inherent volatile nature of cryptocurrencies has seen a general rise in the value of cryptocurrencies over time. At the point of exchanging cryptocurrencies back to fiat, investors could potentially make a good return. You can visit www.binusu.com to exchange cash for crypto or crypto for cash directly using mobile money.
Store of value.
A store of value is an asset that maintains its value without depreciating. Over time, cryptocurrencies have proven to be a better store of value over several years. They may appreciate and depreciate all together in the short term, but given time, certain cryptocurrencies such as bitcoin have proven to have an upward trend which makes them one of the better stores of value as measured against its competitors.
The future of finance.
Blockchain and cryptocurrencies present us an opportunity where real-time decisions can be made without third parties.While the internet changed how we communicate, blockchain will fundamentally alter how business is done.
This transformation reflects blockchain’s cost efficiencies from digitizing data and the security achieved by cryptography. These benefits are of particular significance to banking, finance, and capital markets. To appreciate this potential, consider what blockchain (also referred to as ‘distributed ledger technology’ or DLT) does, its current applications and what lies ahead.
Trade.
With trading, you could make money whether the value of certain crypto goes up or even when it goes down in value. To be able to make money by trading crypto, you need to do extensive research on the assets you are investing in and understand the market, fibonacci curves, and candles. Binusu has set up a team of experienced crypto exchange and trade personnel to help assist you in understanding some of these principles better.
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