In 2023, Bitcoin (BTC) is set to turn 14 years old—oh, how time flies. We’re sure that everyone here has at least heard of it by now. As our favorite digital currency continues to mature over time, so does its money-making opportunities.

More people are figuring out how to make money with Bitcoin, and we understand that it can sometimes get hard to keep up.

However, alongside making money, you also need to be aware of scams because, in a decentralized space such as cryptocurrencies, the chances of you getting caught in a scam is also very high.

With all that in mind, we will now talk about the different and effective ways to earn interest from cryptocurrency.

• 10 Steps to Earn huge Interest on Cryptocurrency
• Can you still get Rich from Crypto?
• How do you Calculate Crypto Profit?
• How can I earn Interest on my Bitcoin?
• What is the most Profitable Coin to Mine?
• What will Ethereum be worth in 2030?
• How Can I Get Cryptocurrency Instantly?
• How do You Earn Interest on Crypto?
• What is The Fastest Way to Get Money Out of Cryptocurrency?
• How to Make Money Buying And Selling Cryptocurrency
• How to Make Money From Creating a Cryptocurrency
• How to Trade Cryptocurrency For Profit
• How to Make Money on Coinbase
• Is Earning Interest on Crypto Safe?
• Can I Get Rich With Bitcoin?
• Can I Earn Interest on Coinbase?
• How to Get Crypto For Free
• What is The Fastest Growing Cryptocurrency?
• Which Cryptocurrency Has The Best Future?
• How Much do Bitcoin Miners Make?

10 Steps to Earn huge Interest on Cryptocurrency

To make things a bit easier for you, we’ve compiled a list of 15 ways you can turn 2021 into a Bitcoin-filled year.

1. Mining

No, we’re not talking about heading into a cave with a pickaxe and a hardhat—we’re talking about Bitcoin mining, one of the first ways to ever obtain BTC. This is the process in which miners use powerful computers to solve complex mathematical problems.

Read Also: The State of Global Cryptocurrency Mining Investment Facility

When they crack the code, they’re rewarded with newly-minted BTC. It’s basically a race to see who can solve the block the fastest and those lucky enough to do so reap the rewards.

Back in the day, mining wasn’t as complicated. Some of the earliest miners were able to mine thousands of BTC using just their home computers. Now, it’s a very different scenario.

To mine in today’s BTC scene, you’ll need top-tier equipment—which can set you back a few thousand bucks. Also, since Bitcoin has made a name for itself now, you’ll have a lot of competition.

To give yourself a fighting chance, you can join Bitcoin mining pools or mining clouds. A Bitcoin mining pool is a collaborative group of miners who combine their computing power to solve complex mathematical problems faster.

A Bitcoin mining cloud is similar, but instead, they use the cloud to connect their computing power. That way, they won’t have to install and run the hardware and related software directly. In either case, the miners’ fees paid from transactions and the newly-minted coin are split among the people in the group.

As the competition gets fiercer, the better equipment you’ll need to profit. And as you spend more on equipment, your profit margin decreases. As a result, Bitcoin mining isn’t as profitable as it used to be.

Do plenty of research before getting into mining because there are plenty of easier ways to earn money with Bitcoin.

2. Buying and holding

Buying and holding Bitcoin is one of the most straightforward and most beginner-friendly trading strategies out there. First, get a Bitcoin wallet, buy BTC, and then hope that the price spikes in the future—no matter how long that may take. It could be weeks, months, or even years before you decide to sell.

The term HODL was coined because of this. It started as a typo on a forum, then it became a full-time trading strategy. It also means to Hold On for Dear Life—so it’s essential to look at how Bitcoin is valued and go from there.

3. Trading

If HODLing is long-term investing, trading Bitcoin is its fast-paced equivalent. Essentially, BTC trading means taking advantage of Bitcoin’s highly volatile nature. This method requires practice and knowledge of the market, so be sure to do your homework before you even think about giving it a shot.

Here are a few styles of trading to get you started:

• Day trading – Day trading entails short and quick trades, allowing opportunities for small and fast profits. Day traders don’t hold any open positions overnight, so the method consists of carefully analyzing the market, seeing small money-making opportunities, and capitalizing for a small profit. At the end of the session, day traders could have a significant cumulative gain. If you want to become a day trader, you should remember about good strategy.
• Swing trading – If HODLing is long-term and day trading is short-term, swing trading is kind of in the middle. Like HODLers, swing traders will buy low, wait long enough to see their holdings increase in price, and then sell high. However, their holding time isn’t as long as a HODLer and isn’t as short as a day trader.
• Arbitrage – Bitcoin arbitrage is similar to the styles above. However, instead of looking for money-making opportunities within the same exchange, traders who use arbitrage look for those opportunities across different platforms. In essence, they buy BTC from exchange A then sell it at exchange B for a higher price.

All these methods require a lot of practice, so don’t expect to get it right on the first try. Just do your own research, figure out which strategy is best for you, and trust that you’ll be on your own way.

4. Taking advantage of affiliate marketing

A lot of companies use affiliate marketing to bring in new customers. This type of marketing incentivizes existing users to bring their friends and family to the business as well.

You’ll see these types of incentives all over the market, but they differ from one another—so carefully study each one and choose which program you want to invest your time in.

5. Accepting Bitcoin as payment

As it continues to mature, we’re starting to see more and more businesses that accept Bitcoin as payment for their goods and services. So if you’re already running a business, why not consider taking BTC as payment?

It’ll widen your global reach, make payments secure, and speed up the entire payment process. The best part is that it’s incredibly easy to start accepting Bitcoin. If you’re running a physical establishment, it’s a matter of putting up a small sign at your storefront and beside your cash register.

If your business is online, you can put a banner on your home page or use a payment intermediary like Pay with Paxful to fully integrate it into your website. At those points, customers can just send funds directly to your Bitcoin wallet.

Once you start raking in the BTC payments, you can then use those funds for investment—and who knows? It may just grow in the future.

6. Using Bitcoin faucets

Are you one of those people that like looking at ads and answering surveys? Wow…really, you are? Well, okay then!  Why not check out a Bitcoin Faucet?

Bitcoin Faucets are basically reward systems that give BTC fractions to those who complete menial tasks—like watching ads or answering surveys. Some even come in the form of minigames!

7. Getting tipped in Bitcoin

One of the most fulfilling things in this world is helping other people out—and if you get tipped a little money on the side for it, even better!

One of the most notable platforms to do so is Bitfortip, which gives BTC as an incentive for helping people out with various kinds of tasks. These tasks range from helping people find a dress online to giving informed technical answers to their questions.

Additionally, if you’re a gamer who loves streaming your favorite video games, why not accept tips in BTC? Twitch and other streaming platforms have integrated crypto-tipping services, so be sure to check those out!

8. Microjobs and Pay-to-Click (PTC) websites

Several websites will pay you in Bitcoin if you watch an ad or click on a link to a particular page containing ads. Bear in mind, to make any significant money is still very hard work and a tedious task.

If you’re immune to that, these sites are an excellent way for you to earn a quick buck. Coinpayu and adBTC are good sites to check out if you’re interested in making money with cryptocurrency.

Similarly, Microworkers and Cloudfactory are sites that pay you a small fee to complete very simple tasks like watching a YouTube video or completing someone’s survey. These sites have Bitcoin counterparts like Bitcoinget and Cointasker, where members can choose thousands of tasks to complete to earn Bitcoin.

9. Writing about Bitcoin

In general, cryptocurrency is a new niche, and only a handful of writers genuinely know this niche. This means the market is flooded with newbie copywriters who rehash the content over and over again.

So, if you really know this niche and have decent writing skills, why not try your hand at educating the masses with your craft? Crypto Currency News and Blockchain Aliens are among several websites that can pay you for writing about Bitcoin. You can also use a lot of freelance websites like Upwork and Freelancer.

10. Bitcointalk forum campaigns

Bitcointalk is one of the oldest forms out there. In fact, it was set up by Satoshi Nakamoto himself. It’s probably the most popular forum in the crypto sphere, being used by millions of people.

If you’re an avid follower of the forum and have racked up some authority from consistent posting, then your posts on Bitcointalk will have a sponsored signature. Eventually, you can get paid for every post you make on the forum.

Can you still get Rich from Crypto?

Even if cryptocurrency investment has been an irreversible trend, it’s still not easy to make money.

Though some people have earned some money by good luck before 2 years, nowadays most of the winners will take profits by their deep analysis, great skills, and rich experience.

Investing in cryptocurrency can make a huge profit. However, it’s also highly risky. You can win and lose a large amount of money quickly.  This means crypto trading is exciting, and it can be very difficult to keep peace in mind under heavy pressure.

How do you Calculate Crypto Profit?

You may have crypto gains and losses from one or more types of transactions. A few examples include:

• Trading
• Selling
• Exchanging one crypto for another
• Spending crypto on goods and services

For these calculations, we’ll exclusively use selling. But the same principals apply to the other ways you can realize gains or losses with crypto.

1. Find out how much you made selling crypto

To find your total profits, multiply the sale price of your crypto by how much of the coin you sold.If you have 2 bitcoin and the selling price is $10,000, then the total sale amount is $10,000 x 2 = $20,000.

Next, subtract how much you paid for the crypto plus any fees you paid to sell it. (In tax speak, this total is called the basis.)

Finally, you’ll get what’s known as a realized gain — your profit after you sell. Total sale amount – basis = realized gain

Realized gains vs. unrealized gains: An example

You buy 1 bitcoin (BTC) for $10,000. In a week, it shoots up to $18,000. You’ve made $8,000, but only on paper.

Because you haven’t sold your bitcoin yet, this is an unrealized gain. And unrealized gains aren’t taxed.

The following week, however, your bitcoin is worth $15,000. You sell it for a profit of $5,000. Your $5,000 profit is a realized gain, which means you’ll pay taxes to the IRS on it.

2. Figure out whether you have a short-term or long-term gain

Find the date on which you bought your crypto. Then glance at your calendar and note today’s date.

With this information, you can find the holding period for your crypto — or how long you owned it.

You can also figure out if you have a short-term or long-term gain:

• You have a short-term gain if you held your crypto for one year or less.
• You have a long-term gain if you held your crypto for longer than one year.

Your tax rate ultimately depends on the type of gain you’ve realized.

3. Calculate your taxes

If you have a short-term gain, the IRS taxes your realized gain as ordinary income. Accordingly, your tax bill depends on your federal income tax bracket. Mining coins, airdrops, receiving payments and initial coin offerings are also taxed as income. Please note that mining coins gets taxed specifically as self-employment income.

If you have a long-term gain, you’ll pay a capital gains tax rate on your crypto profit. You’ll likely also see a smaller tax bite.

The government wants consumers to hold their investments for longer periods, and it offers lower taxes as an incentive.

There are three tax brackets for long-term capital gains: 0%, 15% and 20%.

How can I earn Interest on my Bitcoin?

We try to find the trustable resources that could be used. Most of them offer interest in Bitcoin and a few are part of Defi (Decentralized finance) which lets you earn interest in popular cryptocurrencies.

Even though all these methods work, you should know that lending itself is a risky segment. A few of them have a locking period and based on your risk management, you should pick one.

We have also shared a few websites that let you earn interest on Stable coins holding, which is something worth knowing and using in the time of the bear market or when the crypto market is going down.

1. BlockFi

For earning interest in Bitcoin, BlockFi should be your first choice as Bitcoin Lending Platform. They offer interest up to 6.2% Annually on Cryptos. BlockFi supports following Cryptocurrencies:

• Bitcoin
• Ethereum
• GUSD (Gemini Dollar)
• Litecoin
• USDC
• PAX

Highlights of BlockFi:

• Interest earned is paid out at the beginning of the month.
• Interest earned is compounded monthly.
• You can also trade on the platform. For example: Sell your Bitcoin for USDC when price is high and buy back when the price is low. You will be earning interest in both cases.

The amount of interest you will earn on crypto lending on BlockFi varies based on the amount you wish to lend.

The locking period for Blockfi is one month and the withdrawal requires a manual interview and can take up to 7 days. Do keep a note of fees for withdrawal on BlockFi interest account (BIA).

2. Celsius

Celsius is a platform that offers Interest On Bitcoin and other major cryptocurrencies. The interests are paid out weekly, and if you take an interest in the platform token (CEL), your earned interest rate will be higher.  At the time of writing, these are the coins supported by Celsius for earning interest:

• Bitcoin – 4.60%
• Ethereum – 3.90%
• Litecoin – 4.50%
• Ripple – 2.50%
• OmiseGo – 4.25%
• Bitcoin cash – 3.75%

Highlights of Celsius network:

• No minimum deposit
• Fee-free withdrawal
• No lock-up period

3. Binance Saving account

Binance is the world’s best cryptocurrency exchange and is loved by millions of traders globally. Binance offers a feature called “Binance Savings”, where you can lend your Bitcoin and earn interest on it. The interest rate is flexible, and at the time of writing, they are offering 1.6% Estimated Annual Yield.

To use this feature:

• Head over to Binance
• Click on Finance > Savings

Here you will be able to lend your Bitcoin and start earning interest. You also have an option to auto-subscribe, which will automatically lend your Bitcoin balance at the end of the day. This is idle for traders who are taking a break of a few days, and still want their idle Bitcoin to earn extra income for them.

4. Compound finance

Compound finance is at the forefront of decentralized finance where you can lend few of the major cryptocurrencies and interest on them. When you lend cryptocurrencies using Compound, you adding funds to the liquidity pool.

You are not directly dealing with borrowers; rather they are borrowing from the market. Interest rates are determined algorithmically (real-time) based on supply and demand.

At the time of writing, you can lend the following cryptocurrencies on Compound finance:

• ETH
• DAI
• BAT
• USDC
• 0x (Zrx)
• Augur
• WBTC

The most common way to access the Compound protocol is by using Metamask. However, for users who are paranoid about security, you should use Defi saver that let you access compound protocol using a hardware wallet such as Ledger Nano X, Ledger Nano S, Trezor, and Fortmatic.

There are two stable coins supported by Compound finance right now:

• DAI
• USDC

Highlights of Compound.finance:

• The compound protocol lives on Ethereum blockchain
• There is no locking period. You can withdraw your funds anytime
• Interest rate is not locked and changes based on supply and demand.
• Interest is paid after every ETH block confirmation (every ~15 seconds)

5. Nexo

This is another high-quality platform that let you earn Interest on Stable coins. You will be earning up to 8% interest, and interest is paid out daily, which automatically start earning high yield Interest.

Supported coins: USD, EUR, GBP, USDT, TUSD, USDC, PAX, DAI

Highlights of Nexo:

• Supports all major stable coins.
• Instant deposit and withdrawal
• No locking period
• 100% asset-backed guarantee
• Custodial insurance of $100 million by BitGo and Lloyd’s of London
• Business audited by Deloitte
• Instant withdrawal from wallet with Zero withdrawal fees

The newest addition is Zero withdrawal fees for any of the cryptocurrencies from the Nexo wallet. They have a web app and mobile wallet, which makes it easy to use the Nexo platform.

What is the most Profitable Coin to Mine?

Many people who learn about cryptocurrency mining as a way to make money start trying to find out more and inevitably come to the question: “What is the most profitable cryptocurrency to mine?”

The current number of cryptocurrencies is mind-blowing. There are 7,500 registered on the famous coinmarketcap.com website dedicated to cryptocurrencies! Many of them are mineable, so finding the best coin to mine is not an easy task.

With a sharp rise in the popularity of cryptocurrencies in 2016 and 2017, the mining ‘gold rush’ that accompanied it led to a huge increase in competition among miners. While prices for cryptocurrencies have steadily grown, this rise has offset the growth of competition to some extent.

But after the protracted bear market began in 2018, more and more miners found themselves losing money. These losses forced many of them, especially miners with small operations, to leave the business.

The ones that remained continued to work at a loss in the hope of a market reversal. The price recovery that started in 2019 has renewed interest in mining to a degree.

An important feature of most mineable cryptocurrencies is that their mining difficulty varies according to the competition among miners. The result is a kind of self-regulating mechanism.

When it becomes profitable to mine a coin, the number of miners increases, which leads to increased mining difficulty and lower profitability. This, in turn, leads to a decrease in competition, after which the difficulty decreases and profitability starts growing again.

The best coin to mine for immediate profit

If you don’t own specialised mining equipment called ASIC (Application-Specific Integrated Circuit) but use GPU for these purposes, then your choice of coins for mining is much wider (although the profitability is lower).

Which particular coin is most profitable with mining depends greatly on your video card model. However, for most modern video cards, Ethereum Classic (ETC) mining is currently the most profitable altcoin. ETC is the original version of Ethereum. The two split as a result of a hard fork in 2016.

The best coin to mine long-term

Since far from all miners are prepared to constantly monitor the cryptocurrency market, many of them choose to mine coins that are more promising from a long-term perspective. If you’re one of these miners, then Ethereum (ETH) is definitely the coin of choice for you.

Ethereum is a decentralised open-source blockchain platform for creating decentralised apps and smart contracts. Its native cryptocurrency is the second-largest cryptocurrency in the world.

A history of the best cryptocurrency to mine 

Having examined the current situation, let’s take a look at the history of mining.

2017

Cryptocurrencies experienced an unprecedented surge in popularity that year. This, in turn, led to the mining gold rush. The prices of most cryptocurrencies steadily grew, as did the number of people who wanted to make money mining.
 

The best cryptocurrency to mine in 2017 was Ethereum. This was due to its popularity, stable price growth and very favourable investment-to-profit ratio. Other fairly profitable coins were Ethereum Classic, Litecoin, Dash and Monero.

2018

The long decline in the crypto market in 2018 led to a drop in miners’ income and forced many of them to go out of business. Nevertheless, some miners, even in those conditions, managed to make a profit. The best coins to mine in 2018 were Ethereum, Litecoin, Dash and Zcash.

2019

In 2019, the crypto market finally saw a turning point. Bitcoin’s long bearish trend line broke. Following Bitcoin, the rest of the crypto market recovered. Of course, that also affected crypto miners’ revenue. The best coins to mine in 2019 were Ethereum, Litecoin, Monero, Zcash, AEON and Electroneum.

What will Ethereum be worth in 2030?

With everyone’s attention shifting from DeFi to Bitcoin’s (BTC) jaw-dropping 55,4% trip to the upside, which landed it in a close proximity to the all-time high, Ethereum (ETH) has been forced to take a backseat for a while and be more moderate in terms of gains.

The current price of Ethereum sits at $473 after the 27% appreciation in the past 30 days, having gone from $379 in the middle of October to its present standings.

Given that the doubts about the bullishness of the current cryptocurrency market are melting by the day, our proprietary Ethereum price prediction model dictates that in 30 days, the ETH value in USD will increase by 19.45%, hence hitting the overhead resistance zone between $573 and $600, the target that converges with the 38.2% Fibonacci retracement level. 

The altcoin’s prospects on the Ethereum historical chart look bullish since the current monthly candle is about to close significantly higher than the previous three candles, and probably higher than the upper wick of the September candle, which is going to constitute a very strong ETH buy signal and confirm the buyers’ intention to drive the Ethereum price to the designated target.

The next five years will determine whether Ethereum would be able to pose a serious threat to the overwhelming Bitcoin domination that now stands at 66.4%. That will no doubt depend on whether Ethereum 2.0 would live up to the expectations.

Probably the most optimistic scenario was voiced by Brian Shuster, the founder of Ark Capital, who stated that in 2025, Ethereum will be worth around $100,000.

Moreover, he argues that ETH has the capacity to become a better store of value than gold, though it’s our conviction that BTC would assume the role of digital gold and a store of value, whereas Ethereum would become the main driver behind the development of blockchain as an industry.

Upon taking into account the Ethereum price history and other metrics, such as the Cryptocurrency Volatility Index (CVX), we predict that in 3 years, its value in USD is going to rise by 760% and reach $4,100 per coin.

The price appreciation will continue into 2024, by the end of which ETH will be worth $8,000 on the back of a strong 1,600% growth.

Most ETH price chart clearly shows that the biggest spike is due to happen in 2024, right at the time when Ethereum 2.0 will have undergone all improvements and tweaks and become an even more fertile ground for the development of dApps, decentralized finance solutions, and non-fungible tokens that should become the next big thing after DeFi.

The market capitalization will grow exponentially along with the ETH price: our algorithm predicts that  in 3 years’ time, the total sum of money vested in this altcoin will amount to $465 billion, a 763.7% increase from the current $53,9 billion; in 4 years, the ETH market cap will grow by 1,598% and reach $916,2 billion. In 2025, the capitalization of Ethereum will double in size and hit the $1,8 trillion mark.

The price of Ethereum by 2030 will largely depend on the progress made in terms of the adoption of this blockchain solution by both individuals and large enterprises that would be willing to exploit the benefits of decentralized finance.

Nevertheless, the price of ETH in 2030 will keep on soaring to new heights as blockchain grows into being the foundation for a new digital economy. We predict that in 10 years, ETH will get to the price level predicted by Shuster, which is $100,000 per coin.

This Ethereum price forecast is supported by prominent financiers, such as Dan Morehead, the CEO of Pantera Capital who believes that ETH will reach six figures in 10 years, along with Nigel Green, the founder of deVEre Group, who reckons that the ETH price will go from $2500 to $100,000 during the bull market that will come after the ongoing one.

How Can I Get Cryptocurrency Instantly?

Bitcoin and other cryptocurrencies continues to be an ultimate investment choice due to the immense probabilities of gains. The options for buying the leading cryptocurrency are diverse:

1. Credit Transactions

Although most Banks do not authorize the use of credit cards to buy Bitcoins, some credit card providers whose sole business is to offer credit are flexible and offer the service. If you are considering using your credit card to acquire Bitcoins, you can follow the steps below:

• Find the Best Bitcoin Marketplace such as Coinbase, Coinmama, Bitpanda, etc.

• Sign up an account

• Connect to your credit card

• Trade your local currency in the card

• Transfer the Bitcoin into a secure wallet

The credit card transactions, however, attract fees that average 3.75% that is considerably expensive. Moreover, the credit purchase can be considered as cash advances that may attract higher fees making the transaction expensive. However, the credit card can increase the credit line if the exchange is considered as a purchase to enable you to spend more on the Bitcoin exchange.

2. Debit Card Transactions

The protocol for debit card transactions in Bitcoin purchases is almost similar to credit card transactions. The steps are the same, as you have to open an account in your preferred exchange and follow the process as outlined under credit card transactions. The only difference is that you are to select the debit card option as opposed to credit card selection.

Under this category, the fees are usually lower than on credit cards. The only major hurdle is that your bank may not be allowing Bitcoin transactions due to regulatory or precautionary measures that are being adopted in almost all countries in the world.

3. Cash Solutions

There is a Bitcoin ATM that offers one-stop solutions to people with cash who want to buy Bitcoin or other cryptocurrencies. The machines are places in people’s businesses, malls or high traffic areas that accessible to the public.

However, a prerequisite for buying BTC is that you have to have a wallet from which you can directly deposit the BTC after the cash purchase. The machine is convenient, easy to use, and safe as the risk of being scammed is almost zero. The safety factor is underpinned d y the fact that the machines operate under KYC regulations as per the jurisdiction of operation.

4. Online Money Transactions

Online money is different from digital cash. The difference is that online money is fiat money denoted by online codes such as numbers, etc.

On the other hand, digital cash represents tokens such as Bitcoin, Ethereum, etc. that are generated through mining, in addition to being decentralized and supporting private transactions. In this regard, the option for online money in Bitcoin transactions is possible through various platforms.

How do You Earn Interest on Crypto?

Many platforms offer interest bearing accounts that pay you in the cryptocurrency you fund your account with, and these interest rates differ based on which type of cryptocurrency you choose. Learn how you can earn interest on cryptocurrency now.

Step 1: Open a crypto account

To get started, you’ll need to make an account with a platform that allows you to earn interest on your crypto holdings. 

If you already have a coinbase account, you can join the waitlist to stake Ethereum for the Eth 2.0 upgrade coming later this year. Validators earn interest by staking Ethereum on its new proof of stake network in a similar way miners earn crypto for power proof of work blockchains. 

Coinbase takes a 25% cut of the rewards generated by your Ethereum, but allows you to stake any amount of Ethereum on the network (as opposed to the required 32 Eth tokens to stake independently).

BlockFi is a great option if you’re new to crypto and want to earn interest on your cryptocurrency. You can connect your BlockFi account with your bank account, so you can purchase crypto with cash. The platform currently offers up to 8.6% annual interest rate compounded monthly, depending on which cryptocurrency you use.

Another platform that allows you to earn interest on your cryptocurrency holdings is Celsius Network. This platform has some of the most competitive rates for stablecoin interest bearing accounts at 13.3% annual percentage rate (APR). This is roughly 5% higher than BlockFi’s stablecoin interest rates and 13% higher than Coinbase.

Step 2: Look at interest rates.

You can see the interest rate you’ll earn on different cryptocurrencies directly on the platform’s website. Depending on if the company takes a cut of the interest, the interest rate you earn may vary, even if you invest with the same cryptocurrency.

The interest rates for these savings accounts are typically floating interest rates. This means that the interest rate changes continuously based on supply and demand for crypto loans. Cryptocurrency loans are often demanded by leveraged investors and exchanges that offer leverage on their platform.

A good interest rate to earn on stablecoins is typically between 6% to 9%. Some interest rates in crypto are much higher –– sometimes over 100%. 

However, these high interest rates should be an indication of high crypto inflation rates and highly leveraged positions. If you’re new to earning interest on cryptocurrency, you should be skeptical about any crypto interest rates above 25%.

Step 3: Add cryptocurrencies to your portfolio. 

Many platforms that let you earn interest make it easy to fund your account. Some websites, like BlockFi and Coinbase, let you buy crypto directly with your bank account. This makes it easy to earn interest on cryptocurrencies if you don’t already own some.

If you make an account with a platform that only accepts deposits in cryptocurrency, you’ll need to make an account with a crypto exchange if you don’t already have one. Popular choices for cryptocurrency exchanges are Coinbase, eToro and Gemini.

Once you purchase crypto through one of these exchanges, you can send your funds to your crypto wallet address on the platform you seek to earn interest on.

Step 4: Earn interest.

Once you’ve added funds to your interest bearing account, you’ll start earning interest. Just sit back, relax and watch your crypto holdings grow. Earning interest in cryptocurrency is particularly attractive to cryptocurrency investors who believe the price of Bitcoin and other cryptos in the long term. 

This is because of the exponential growth potential on a crypto interest account. For example, if you were to invest a bitcoin worth $30,000 at the beginning of the year,  the interest you earned at that price would be worth double at a $60,000 bitcoin. Not only this, but the 7% interest you earn on a $60,000 bitcoin is double that of the interest earned on your initial investment.

Popular cryptocurrencies that investors can earn interest on are Bitcoin, Ethereum, Litecoin and Uniswap. The interest paid on these accounts are in the form of the cryptocurrency in your interest bearing account, so you keep your exposure to the market in whichever crypto you’re investing in.

Risk averse investors may find certain interest bearing cryptocurrency investments intriguing. Some platforms offer stablecoin savings accounts –– stablecoins are cryptocurrencies pegged to another asset, commonly the U.S. dollar. 

Some popular stablecoins that investors use to earn interest are DAI, Tether and USDC. Depending on which stablecoin you choose, the interest rates will vary based on supply and demand for crypto loans.

Most interest earned through crypto is a floating interest rate based on supply and demand. Although the rate fluctuates, most larger coins have a relatively stable APR. For example, Bitcoin interest rates typically range between 4% to 8%.

What is The Fastest Way to Get Money Out of Cryptocurrency?

There are multiple ways in which you can make money with cryptocurrencies, some of which don’t even need you to invest anything but your time and efforts.

1. Staking

Staking refers to the process of investing or locking up your funds in a crypto-coin and earning new cryptocurrencies in the form of interest. In addition, you also get the benefit of price appreciation when you choose to hold your coins for a specific period.

There are a large number of proof-of-stake cryptocurrencies that will allow you to make a good income with staking. The best options include WISE, PIVX, Tezos, DASH, NAV Coin, etc.

For example, WISE is an ERC-20 token that lets you earn a handsome income through interest by locking up your funds in the WISE contract. With WISE you can earn up to 5% yearly interest on your stakes, in addition to regular bonus offers. WISE staking is secure, low-risk and highly flexible, as you can withdraw your interest or liquidate your stake at any time.

2. Buying & HODLing

HODLing is the process where you buy some powerful cryptocurrencies with great concepts and good use cases and then hold them for quite some time with the hope for their prices to go significantly up. Once the coin price is high enough for you to make good profits, you can sell them in the market. HODLing, however, doesn’t earn you any interest on your funds.

Cryptocurrencies like Bitcoin, ETH, BNB, etc. are good for long-term investment and HODLing.

3. Trading

Crypto trading is just like stock trading, where you buy and sell tokens/coins for profit margins. There are a number of exchanges where you can buy cryptocurrencies of your choice. Then, you can hold them for some time or sell immediately as soon as the price goes up.

There is also day-trading for those who wish to incur good enough profits by selling and buying cryptocurrencies on the same day. You buy a crypto-coin, wait for the price to increase, and sell for profits.

4. Investing

Investing is, of course, the easiest way to earn with cryptocurrencies. You can earn in a cryptocurrency in numerous ways, through exchanges, ICO (initial coin offering), or direct investment/partnership.

Crypto investment can earn you returns not only through price appreciation of the coin/token you purchase but also through your share in the project. Depending on the type of cryptocurrency you invest in, you can get access to the project/product or can use the coin for payments.

5. Bonus Coins/Tokens

Participating in bonus/airdrop offers is another nice way to earn with cryptocurrencies and doesn’t even require you to invest in anything. All you have to do in order to earn some free/bonus coins is join the airdrop or bounty program of a cryptocurrency and perform some easy tasks.

Also, you can earn bonus tokens by investing in a cryptocurrency during ICO or the token sale phase, as new projects often give bonus tokens to early investors.

6. Referral

A crypto referral program is a very common and really good way to earn cryptocurrencies. Most often, you’ll not even need to invest anything in order to refer and earn with a project. You can simply register on the website, get your unique referral link and start referring and earning.

WISE and many other cryptocurrencies offer you good profits for referrals. With WISE, both the referrer and referee get 10% bonus tokens for every successful staking through referral.

7. Sell for Cryptocurrencies

If you are a merchant and cryptocurrencies like Bitcoin and Ripple are allowed in your region, you can accept the same in exchange for your goods and services. Cryptocurrencies are digital money and can be easily transacted and used worldwide without the need to convert in other currencies. So, you can accept any of the top coins for easy, global transactions.

There are a number of Bitcoin payment processors that allow you to integrate crypto payment options in your offline/online shop.

8. Dividends

Cryptocurrency dividends work more or less like stock dividends. You invest in a dividend cryptocurrency and earn fixed interest on your investment. You will need to buy and hold cryptocurrencies for the period you wish to earn interest.

The top dividend cryptocurrencies that you can invest in for interest are BNB, NEXO, among others. Most of these coins don’t require you to stake in order to earn interest.

9. Work to Earn Cryptocurrencies

As the popularity and reach of cryptocurrencies are rising, more and more companies are now using these digital coins to pay their employees’ salaries, among other things. Crypto payments are secure, low-cost and transparent. Moreover, it’s easy and affordable to pay your remote/freelance workers in bitcoin rather than sending cash through other options.

Whether you’re a developer, a writer or a designer, you’ll find plenty of international companies willing to pay in cryptocurrencies for your work/services.

10. Develop Your Own Cryptocurrency

Last but not least, you can make profits with cryptocurrencies by creating one of your own. Yes, you can build your own cryptocurrency, and it’s not as scary as it may sound.

Creating and launching your cryptocurrency will, however, need you to be some kind of expert in blockchain. You must have the basic knowledge of how blockchain and cryptocurrencies work. Then, you need to evaluate various possibilities and come up with the type of coin you wish to build. You may alternatively hire a blockchain expert Web3 marketing agency or team for the job.

Once your coin is developed, you can start selling it through ICO or exchanges. Of course, you’ll need to promote a lot in the beginning so that users know what your coin is all about and why they should invest in it.

How to Make Money Buying And Selling Cryptocurrency

Many crypto newcomers aren’t sure where to begin when it comes to getting started in the world of buying and selling. That’s why we’ve created this.

Step 1: Understand the basics

The first stop for anyone new to crypto is learning about the fundamentals of cryptocurrency.

Once you’re clear on how it works and what cryptocurrencies are available, you can move onto the next step: opening a wallet that lets you buy, hold and sell crypto.

Step 2: Set up a Skrill wallet

Next: set yourself up with a crypto wallet so you can make your first purchase when the time is right.

Skrill lets you instantly convert 40 currencies including Euros, US Dollars, and British Pounds into crypto. With more than 10 cryptocurrencies available including Bitcoin, it’s a great way to build your portfolio quickly, easily, and securely.

Step 3: Learn more about crypto

Develop a solid knowledge of the wider crypto market. There are various online resources you can visit to learn more about key approaches and we have several articles to help. 

For example, you can learn more about dollar-cost averaging (buying the same value of crypto on the same day every month, regardless of its value) or look into the histories of some of the major cryptocurrencies to understand more about them. You can also check out how crypto relates to the broader stock market.

Step 4: Decide which cryptocurrencies you will buy

You should feel confident enough to pick a final digital currency or currencies that you’d like to focus on. Now is a great time to do some specific research on those cryptocurrencies, making sure to look at price graphs, news, key events (such as Bitcoin’s halvening) and key metrics.

Step 5: Get started

Now you’re ready to make your first crypto purchase. When you’re starting out, remember to take one step at a time and you’ll be confident with how to buy and sell.

How to Make Money From Creating a Cryptocurrency

The most successful currencies are ones who have built a demand for the currency by coming up with some kind of service or utility for the currency. Most of these are new technologies that are backed by a currency. It is not just a currency for the sake of a new currency.

Also, there are now so many new currencies that it takes a lot for a new currency to take off. You need a team of respected technology entrepreneurs, a white paper that explains how the currency will be used, a timeline for how the technology will be implemented, and now with so many competing coins you need a fairly large marketing budget to reach your target market.

If you are not technically sound but still want to create and launch your own cryptocurrency, the best option is to seek the help of a cryptocurrency creation service which will handle all the technical work and you get a finished token. There are some online platforms like CryptoLife that can give you a custom coin that you can modify according to your project requirements.

There are many other tech companies and services that can help with the development of your cryptocoin. Make sure that the service you hire delivers the entire source code of your coin along with the ownership rights.

Another alternative is to develop a token on an existing blockchain standard like ERC20, which is the Ethereum blockchain standard being used by many new cryptocurrencies. You can download the code for the token and contracts directly online and then customize it. There are also some platforms that can guide you through the customization process.

How to Trade Cryptocurrency For Profit

While long term traders prefer to hold their bitcoin positions for extended periods of time, day traders have discovered that Bitcoin is lucrative for many reasons:

• Crypto trading is more volatile than stock trading.
• Bitcoin is traded 24 hours per day 7 days a week.
• Bitcoin allows for big trades with low overhead.
• Bitcoin is the most liquid form of cryptocurrency.
• Multiple trading opportunities emerge within a 24 hour period.

Because Bitcoin is more volatile than other tradeable assets, there will be a high number of profitable trading opportunities occurring each day. Like ordinary currencies, using technical indicators will make it easier to tell when price increases are likely to occur. Volume, relative strength, oscillators, and moving averages can all be applied to Bitcoin day trading.

It is important to pay attention to technical indicators and developing trends.

While bitcoin day trading does have some risks, there are many ways these risks can be reduced. Here are some of the top ways to enhance your Bitcoin trading strategy.

Remember to:

• Diversify your trades. Combining Bitcoin, Ripple, Litecoin, Ethereum, and other cryptocurrencies will help reduce the daily risk associated with a specific coin.
• Minimize trading costs. Opening multiple positions every day affects your daily ROI. To minimize the cost of trading, choose a trustworthy exchange that has low fees.
• Watch Trading times. Plan out trading times that are compatible with your schedule. Bitcoin trades 24 hours a day. It’s different from the 9-5 NYSE.
• Follow Bitcoin News. Pay attention to cryptocurrency news stories to stay ahead of the market. Set up alerts and other types of notifications.
• Use technical analysis. Use strong technical indicators like OBV. This will help you justify each of your trades.
• Use stop losses. Set stop-loss orders on every trade. Start with a profit loss ratio of 2:1.

How to Make Money on Coinbase

As the leading mainstream cryptocurrency exchange in the United States, Coinbase has become a standard on-ramp for new crypto investors. Coinbase offers a wide variety of products including cryptocurrency investing, an advanced trading platform, custodial accounts for institutions, a wallet for retail investors, and its own U.S. dollar stable-coin.

Coinbase was founded in 2012 and is a fully regulated and licensed cryptocurrency exchange supporting all U.S. states except Hawaii. Coinbase initially only allowed for Bitcoin trading but quickly began adding cryptocurrencies that fit its decentralized criteria.

Its list expanded to include Ethereum, Litecoin, Bitcoin Cash, XRP, and many others with the promise of more as long as its requirements are met.

Coinbase Earn allows eligible customers to learn about different cryptocurrencies via educational content. Eligible Coinbase users are able to “unlock” lessons on top of the content where they can earn crypto. 

How does Coinbase Earn work?

Coinbase Earn is simple, educational, and rewarding. Just by watching a few videos about your favorite crypto and completing a short quiz or task to test your knowledge, you’ll be rewarded with a bit of that specific crypto. Any eligible Coinbase user can view educational content for Coinbase Earn supported cryptos.

Coinbase Earn is available in many countries, and we’re hoping to bring Coinbase Earn to even more countries soon. In order to be eligible for Coinbase Earn, you must:

1. Complete identity and photo verification (click Verify your photo, if prompted, when you start a campaign). Earn requires additional verification to enable this feature. Therefore, you might be prompted to complete ID and photo verification even if you have verified your ID previously.
2. Live in a country eligible for Coinbase Earn. Eligible countries are:
   Austria, Australia, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, New Zealand, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Taiwan, The United Kingdom, and the United States. We are working hard to add more eligible countries soon.
3. Meet our internal fraud and compliance-related criteria, including measures related to account uniqueness.
4. Have only one Coinbase account. 

How do I start earning?

If you’re signed in and eligible (see eligibility above), you may be able to start earning crypto immediately. Please note that photo verification may take up to 48 hours before you’re able to earn.

If you’re signed in but you don’t see the option to earn, please follow the instructions on the banner to continue setting up your account. If you’re added to the waitlist, you’ll have to wait to become eligible in order to be removed from the waitlist. This might take some time due to popular demand.

Is Earning Interest on Crypto Safe?

If the platform isn’t based in the UK, there’s a chance that they could be unregulated, which means your money isn’t protected by the Financial Conduct Authority (FCA) if things go wrong. 

UK operators do have to be licensed but that can mean just having an e-money license (electronic money).

With an e-money license, funds are not protected under the Financial Services Compensation Scheme, which compensates for lost bank and building society savings in the event of failure up to £85,000 and covers investment issues, such as platform collapse, maladministration and poor financial advice.

If the platform isn’t based in the UK, there’s a chance that they could be unregulated, which means your money isn’t protected by the Financial Conduct Authority (FCA) if things go wrong. 

UK operators do have to be licensed but that can mean just having an e-money license (electronic money).

With an e-money license, funds are not protected under the Financial Services Compensation Scheme, which compensates for lost bank and building society savings in the event of failure up to £85,000 and covers investment issues, such as platform collapse, maladministration and poor financial advice.

Online platforms and exchanges aren’t classified as a bank or building society, so this protection does not apply to them. Nor will many places you can buy or hold crypto benefit from FSCS investment cover.

Companies with e-money licenses still have to put measures in place to protect people’s money. 

For example, German payment processor Wirecard was subject to safeguarding rules within the Electronic Money Regulations 2011 and the Payment Services Regulations 2017. 

Customers’ money is typically safeguarded by holding the money separately in accounts with banks or other credit institutions, which means that it should be returned to customers if the company goes bust.  

Stroev says: ‘We’re currently applying for an electronic-money license, which is issued by the FCA. We also comply with UK and EU regulations, which means that when people sign up to our platform we do all the usual checks such as identity and KYC compliant checks.’

Such platforms may even voluntarily go further to protect users’ funds. In January, Nebeus launched insured vaults – a vault for cryptocurrency with a $100million (£72million) insurance policy issued through Lloyds of London. Any such insurance should be interrogated fully by customers.

Stroev advises: ‘It’s important to look at the history of the company and the relationships they have. We work with some of the biggest financial institutions and offer insurances and custody services. It’s important for customers to do their research.’ 

Can I Get Rich With Bitcoin?

Can you still make money with Bitcoin? Well, even after a decade of fluctuations and the unidentified Satoshi Nakamoto, Bitcoin still tops the chart. To be more precise, Bitcoin is the world’s largest cryptocurrency. So, the answer is a big yes, Bitcoin is a way to make money.

The profitability of any investment is gauged by its usefulness in the real world. Ask yourself – Is Bitcoin useful? Does it solve a real-world problem? Has it disrupted the current outdated solutions?

Well, the single answer to all such questions is a resounding yes. Bitcoin changed the financial ecosystem by introducing a decentralised, secure, and fast medium of exchange.

Just as the internet brought a revolution in the way we use technology, similarly, Bitcoin is revolutionising the financial space. Bitcoin is not a pop-and-drop technology; it is here to dominate the world. There is no denying that it is extremely volatile. However, it’s usage has only increased since its launch in 2009. 

So, is it worth putting your hard-earned dollars into Bitcoin? If you strategically invest in Bitcoin, yes, it is worth it. If you are a smart investor who will not shy away from doing extensive research, Bitcoin investment is still lucrative for you.

Some people have witnessed huge losses in bitcoin investments, and some earned millions in bitcoin. It’s up to you to decide which category you want to fall into? The latter, right?

If you want to be sure-footed in this unprecedented world of bitcoins, follow these basic pointers:

• Do your research.
• Analyse the market.
• Do not put all your eggs in one basket.
• Measure the risks and choose the method that appeals to you the most.
• Do not follow the noise; always take expert advice.

To sum it up, Bitcoin is worth your time and investment. However, it would be best if you were extra careful as you are venturing into a highly volatile space.

Can I Earn Interest on Coinbase?

Thousands of Coinbase Wallet users have already deposited millions of dollars into DeFi apps like Compound and dYdX, earning interest at rates ranging up to 6% APR. Users currently access these apps through Wallet’s built-in decentralized application (dapp) browser or via WalletLink on desktop. However, it isn’t easy to compare rates or view total balances across different providers.

You’re just a few taps away from putting your money to work. Pick a coin to lend, pick a smart contract, and enter the amount you wish to lend. Your crypto is then deployed directly to the smart contract to start earning interest.

Once you’ve loaned out your crypto through the DeFi app(s) you can watch your interest grow right from your Wallet app.

And you can cash out by withdrawing the crypto from the smart contract back to your Wallet. Best of all, this feature is available to users around the world on day one.

How to Get Crypto For Free

As the market expands, the ways to get free crypto are expanding as well. Let’s take a look at some of the ways you can take advantage.

1. StormX

StormX is a mobile app for iOS and Android that is focused on microtasking. You can earn free crypto if you take surveys, try out new apps or sign up for subscriptions. The rewards are given in Bolt tokens which can then be exchanged for Bitcoin (BTC), Ether (ETH) or the native StormX (STMX) currency.

The price of Bolt tokens and Bitcoin change, so the conversion rate is not constant. On average, 1 bolt equals around 0.002 cents.

Other microtask platforms that offer free crypto include Buzzin and Kucoin Play. Buzzin focuses on microtasks involving the crypto service industry directly while Kucoin Play is singularly focused on social tasks like sharing content and writing articles about sponsored products.

2. Coinbase

Coinbase is primarily a trading platform, but you can also get free crypto. With its Earn program, the platform is giving away free crypto for simply learning about crypto. Currently, you can learn and earn the Basic Attention Token (BAT), 0x (ZRX) tokens, Zcash (ZEC), EOS (EOS) and others.

Watch the video, take the quiz and answer the questions correctly to get the value. Don’t worry — you won’t lose the free money if you get the questions wrong. You can take the quiz as many times as you need to pass.

You must join Coinbase in order to get the free stuff, and this requires that you give your identity and photos to the platform. Coinbase does report to the IRS and other government entities, so don’t come looking for free currency here if you are getting into crypto for anonymity.

You can earn an extra bonus referring other people to the Coinbase Earn project.

3. Proof of Stake Coins

Staking a coin means pledging to hold it in your digital wallet. The idea is the same one bank use for certificates of deposit (CDs) — the people who keep money in the bank without withdrawing provide the money for the bank to loan out funds and participate in speculative activities.

Proof of Stake (PoS) coins build their value around users who are willing to stake that coin. Once you connect to the network and prove that you have a stake, you are rewarded with more coins — the same kind of interest you would earn on a CD.

The difference is that interest rates on PoS coins are much higher than CDs due to the more speculative nature of cryptocurrency. Rates change, so use this staking rewards calculator for real-time interest estimates. As an example, however, you might earn around 6% annually for staking a more established coin like Dash (DASH) up to 50% annually for more speculative coins.

You will join different platforms depending on the coins you choose to stake. Use the calculator as a starting point alongside this PoS coins list and visit the websites of your chosen coins to make a decision on your platform.

What is The Fastest Growing Cryptocurrency?

1. Ethereum (ETH)

The first Bitcoin alternative on our list, Ethereum, is a decentralized software platform that enables Smart Contracts and Decentralized Applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party.

The goal behind Ethereum is to create a decentralized suite of financial products that anyone in the world can have free access to, regardless of nationality, ethnicity, or faith.

This aspect makes the implications for those in some countries more compelling, as those without state infrastructure and state identifications can get access to bank accounts, loans, insurance, or a variety of other financial products. 

The applications on Ethereum are run on its platform-specific cryptographic token, ether. Ether is like a vehicle for moving around on the Ethereum platform and is sought by mostly developers looking to develop and run applications inside Ethereum, or now, by investors looking to make purchases of other digital currencies using ether.

Ether, launched in 2015, is currently the second-largest digital currency by market cap after Bitcoin, although it lags behind the dominant cryptocurrency by a significant margin. As of January 2021, ether’s market cap is roughly 19% of Bitcoin’s size.

In 2014, Ethereum launched a pre-sale for ether which received an overwhelming response; this helped to usher in the age of the initial coin offering (ICO). According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.” Following the attack on the DAO in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC). As of January 2021, Ethereum (ETH) had a market cap of $138.3 billion and a per token value of $1,218.59.

In 2021 Ethereum plans to change its consensus algorithm from proof-of-work to proof-of-stake. This move will allow Ethereum’s network to run itself with far less energy as well as improved transaction speed. Proof-of-stake allows network participants to “stake” their ether to the network.

This process helps to secure the network and process the transactions that occur. Those who do this are rewarded ether similar to an interest account. This is an alternative to Bitcoin’s proof-of-work mechanism where miners are rewarded more Bitcoin for processing transactions.

2. Litecoin (LTC)

Litecoin, launched in 2011, was among the first cryptocurrencies to follow in the footsteps of Bitcoin and has often been referred to as “silver to Bitcoin’s gold.” It was created by Charlie Lee, an MIT graduate and former Google engineer. Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses “scrypt” as a proof of work, which can be decoded with the help of CPUs of consumer-grade.

Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation time. Other than developers, there are a growing number of merchants who accept Litecoin. As of January 2021, Litecoin had a market cap of $10.1 billion and a per token value of $153.88, making it the sixth-largest cryptocurrency in the world.

3. Cardano (ADA)

Cardano is an “Ouroboros proof-of-stake” cryptocurrency that was created with a research-based approach by engineers, mathematicians, and cryptography experts. The project was co-founded by Charles Hoskinson, one of the five initial founding members of Ethereum. After having some disagreements with the direction Ethereum was taking, he left and later helped to create Cardano.

The team behind Cardano created its blockchain through extensive experimentation and peer-reviewed research. The researchers behind the project have written over 90 papers on blockchain technology across a range of topics. This research is the backbone of Cardano.

Due to this rigorous process, Cardano seems to stand out among its proof-of-stake peers as well as other large cryptocurrencies. Cardano has also been dubbed the “Ethereum killer” as its blockchain is said to be capable of more. That said, Cardano is still in its early stages. While it has beaten Ethereum to the proof-of-stake consensus model it still has a long way to go in terms of decentralized financial applications. 

Cardano aims to be the financial operating system of the world by establishing decentralized financial products similarly to Ethereum as well as providing solutions for chain interoperability, voter fraud, and legal contract tracing, among other things. As of January 2021, Cardano has a market capitalization of $9.8 billion and one ADA trades for $0.31.

4. Polkadot (DOT)

Polkadot is a unique proof-of-stake cryptocurrency that is aimed at delivering interoperability between other blockchains. Its protocol is designed to connect permissioned and permissionless blockchains as well as oracles to allow systems to work together under one roof.

Polkadot’s core component is its relay chain that allows the interoperability of varying networks. It also allows for “parachains,” or parallel blockchains with their own native tokens for specific use cases. 

Where this system differs from Ethereum is that rather than creating just decentralized applications on Polkadot, developers can create their own blockchain while also using the security that Polkadot’s chain already has.

With Ethereum, developers can create new blockchains but they need to create their own security measures which can leave new and smaller projects open to attack, as the larger a blockchain the more security it has. This concept in Polkadot is known as shared security. 

Polkadot was created by Gavin Wood, another member of the core founders of the Ethereum project who had differing opinions on the project’s future. As of January 2021, Polkadot has a market capitalization of $11.2 billion and one DOT trades for $12.54.

5. Bitcoin Cash (BCH)

Bitcoin Cash (BCH) holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original Bitcoin. In the cryptocurrency world, a fork takes place as the result of debates and arguments between developers and miners.

Due to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made due to general consensus; the mechanism for this process varies according to the particular cryptocurrency.

When different factions can’t come to an agreement, sometimes the digital currency is split, with the original chain remaining true to its original code and the new chain beginning life as a new version of the prior coin, complete with changes to its code. 

BCH began its life in August of 2017 as a result of one of these splits. The debate that led to the creation of BCH had to do with the issue of scalability; the Bitcoin network has a limit on the size of blocks: one megabyte (MB).

BCH increases the block size from one MB to eight MB, with the idea being that larger blocks can hold more transactions within them, and therefore the transaction speed would be increased. It also makes other changes, including the removal of the Segregated Witness protocol which impacts block space. As of January 2021, BCH had a market cap of $8.9 billion and a value per token of $513.45.

6. Stellar (XLM)

Stellar is an open blockchain network designed to provide enterprise solutions by connecting financial institutions for the purpose of large transactions. Huge transactions between banks and investment firms that typically would take several days, a number of intermediaries, and cost a good deal of money, can now be done nearly instantaneously with no intermediaries and cost little to nothing for those making the transaction.

While Stellar has positioned itself as an enterprise blockchain for institutional transactions, it is still an open blockchain that can be used by anyone. The system allows for cross-border transactions between any currencies. Stellar’s native currency is Lumens (XLM). The network requires users to hold Lumens to be able to transact on the network.

Stellar was founded by Jed McCaleb, a founding member of Ripple Labs and developer of the Ripple protocol. He eventually left his role with Ripple and went on to co-found the Stellar Development Foundation. Stellar Lumens have a market capitalization of $6.1 billion and are valued at $0.27 as of January 2021.

7. Chainlink

Chainlink is a decentralized oracle network that bridges the gap between smart contracts, like the ones on Ethereum, and data outside of it. Blockchains themselves do not have the ability to connect to outside applications in a trusted manner. Chainlink’s decentralized oracles allow smart contracts to communicate with outside data so that the contracts can be executed based on data that Ethereum itself cannot connect to. 

Chainlink’s blog details a number of use cases for its system. One of the many use cases that are explained would be to monitor water supplies for pollution or illegal syphoning going on in certain cities. Sensors could be set up to monitor corporate consumption, water tables, and the levels of local bodies of water.

A Chainlink oracle could track this data and feed it directly into a smart contract. The smart contract could be set up to execute fines, release flood warnings to cities, or invoice companies using too much of a city’s water with the incoming data from the oracle. 

Chainlink was developed by Sergey Nazarov along with Steve Ellis. As of January 2021, Chainlink’s market capitalization is $8.6 billion, and one LINK is valued at $21.53.

8. Binance Coin (BNB)

Binance Coin is a utility cryptocurrency that operates as a payment method for the fees associated with trading on the Binance Exchange. Those who use the token as a means of payment for the exchange can trade at a discount.

Binance Coin’s blockchain is also the platform that Binance’s decentralized exchange operates on. The Binance exchange was founded by Changpeng Zhao and the exchange is one of the most widely used exchanges in the world based on trading volumes.  

Binance Coin was initially an ERC-20 token that operated on the Ethereum blockchain. It eventually had its own mainnet launch. The network uses a proof-of-stake consensus model. As of January 2021, Binance has a $6.8 billion market capitalization with one BNB having a value of $44.26.

9. Tether (USDT)

Tether was one of the first and most popular of a group of so-called stablecoins, cryptocurrencies that aim to peg their market value to a currency or other external reference point in order to reduce volatility.

Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations in order to attract users who may otherwise be cautious.

Tether’s price is tied directly to the price of the US dollar. The system allows users to more easily make transfers from other cryptocurrencies back to US dollars in a more timely manner than actually converting to normal currency. 

Launched in 2014, Tether describes itself as “a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.”

Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies while minimizing the volatility and complexity often associated with digital currencies. In January of 2021, Tether was the third-largest cryptocurrency by market cap, with a total market cap of $24.4 billion and a per-token value of $1.00.

10. Monero (XMR)

Monero is a secure, private, and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon garnered great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven.

Monero has been launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.”

With this technique, there appears a group of cryptographic signatures including at least one real participant, but since they all appear valid, the real one cannot be isolated. Because of exceptional security mechanisms like this, Monero has developed something of an unsavory reputation—it has been linked to criminal operations around the world.

While this is a prime candidate for making criminal transactions anonymously, the privacy inherent in Monero is also helpful to dissidents of oppressive regimes around the world. As of January 2021, Monero had a market cap of $2.8 billion and a per-token value of $158.37.

Which Cryptocurrency Has The Best Future?

Now that you’re armed with all the important information you need to know to make a cryptocurrency investment, here are the top 10 cryptocurrencies for you to choose from.

1. Bitcoin

The king of all cryptocurrencies, Bitcoin, is the first of its kind to have the highest liquidity value. This cryptocurrency aims at becoming a fully decentralized, global, peer-to-peer digital cash with no regulations. Despite the volatile nature of the market, Bitcoin is the most stable one.

While the name is synonymous with cryptocurrency, Bitcoin’s popularity, demand, and adoption are expected to grow manyfold in the coming years. The future of that is already being shaped with companies opening to the idea of accepting Bitcoins for payment.

Bitcoin’s price today in USD: $58,120.22

2. Litecoin

Litecoin comes second on our list because of its market capital and liquidity value. Unlike Bitcoin’s 21 million supply, Litecoin is limited to 84 million coins with a block reward of 12.5 LTC, higher than other cryptos. For miners, mining a Litecoin will be faster than any other cryptocurrency as the average time for a Litecoin is just two minutes. The growing popularity of Litecoins makes this the best of the rest in all the altcoins.

Litecoin’s price today in USD: $388.92

3. Ethereum

Ethereum was the first cryptocurrency to introduce smart contracts that allow developers to create desktop and mobile decentralized applications powered by blockchain technology.

Ethereum has maintained its position in the top cryptocurrencies of all time ever since and has a loyal team of investors who vouch for this cryptocurrency. This means Ethereum has a better chance of remaining stable, after Bitcoins.

Ethereum’s price today in USD: $4,066

4. Cardano

This is an affordable cryptocurrency that is becoming a cult favorite at a rapid pace. Since its inception in 2015, it has become a strong player in the market with its Ouroboros blockchain, which means having two blockchains instead of one.

Here, one blockchain will manage general ordinary transactions while the other will manage smart contracts. The logic behind this is the ability of Cardano to remain scalable and fast as two types of transactions will not slow it down.

Another interesting fact about Cardano is that most of the people who have invested in this cryptocurrency are from Japan. Hence, Cardano is also known as the “Japanese Ethereum” because it uses the Proof of Stake algorithm which Ethereum has been planning to do for a long time now. In February 2021, Cardano almost hit the $30.7 billion market cap.

Cardano’s price today in USD: $1.75

5. Binance Coin

If you own either Bitcoins or Ethereums and want to diversify your portfolio, look no further than Binance Coin. The parent company, Binance, has a strong business history that has created a useful ‘utility token’.

The value of Binance Coin comes from its usefulness and its demand which is for traders to use Binance Coins to buy other cryptocurrencies on Binance Exchange. It is worthy to note that Binance Exchange is one of the world’s fastest-growing cryptocurrency exchanges and with every transaction done on the platform using Binance Coins, it is only becoming stronger.

Binance Coin’s price today in USD: $663.96

6. Ripple

Ripple gets a mention in this list because its vision is a little different from the rest of the cryptocurrencies on this list. Ripple is a venture-backed startup that is known to offer finance settlement services to banks in a way to facilitate transactions directly and instantly across national borders.

Over the years, it has collaborated with large banks globally including the Bank of America. This makes it ideal for institutional investment rather than a personal one.

Ripple’s price today in USD: $1.56

7. Dogecoin

The fact that Dogecoin still stands strong after not being taken seriously is a statement in itself.

First, Redditors spiked the price to new heights in early 2021 as a way to prevent the speculated short-selling of Dogecoins by many Wall Street hedge funds. And then, Elon Musk called himself the “Dogefather” promoting this cryptocurrency further.

While many argue the legitimacy of this coin, Dogecoin continues to have its share of market value. In April 2021, Dogecoin hit its all-time high of $0.2917. After a steady growth further, Elon Musk’s SpaceX has now announced that it accepts Dogecoins as a mode of payment.

Dogecoin’s price today in USD: $0.5049

8. TRON

Did you know Tron was actually founded on Ethereum in 2017? Now with its own blockchain platform, TRON is an independent cryptocurrency that also uses the Proof of Stake algorithm to process transactions. At present, Tron has a market capitalization of $4,406,488,234 which is expected to increase. Compared to Ethereum, this crypto coin hosts more decentralized apps, which is what is making it increasingly popular.

Tron’s price today in USD: $0.142

9. Bitcoin Cash

Speculations around Bitcoin’s scalability gave rise to Bitcoin Cash, a peer-to-peer electronic cash system that is supremely scalable. It has a market cap of $8,993,553,011, one of the biggest out of the lot. With the name Bitcoin attached to it, Bitcoin Cash is one of the most-eyed cryptocurrencies by big-time investors.

Bitcoin Cash’s price today in USD: $1,462.21

10. Zcash

Zcash can do what Bitcoin cannot. The blockchain that Bitcoin uses is transparent which makes tracking transactions easier but Zcash only allows transaction tracking if the user wants them to be tracked. This means users have the option to hide their transactions for an added layer of privacy.

Read Also: Investing in Cryptocurrency: Is it Worth the Risk?

Currently, Zcash is valued at $2,701,320,183 in the market and the researchers predict that the price will drop to open an investment window. If you want to diversify your portfolio, watch out for this.

Zcash’s price today in USD: $305.40

How Much do Bitcoin Miners Make?

The rewards for bitcoin mining are reduced by half every four years. When bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to 12.5 BTC. On May 11, 2020, the reward halved again to 6.25 BTC.

In November of 2020, the price of Bitcoin was about $17,900 per Bitcoin, which means you’d earn $111,875 (6.25 x 17,900) for completing a block. Not a bad incentive to solve that complex hash problem detailed above, it might seem.

If you want to keep track of precisely when these halvings will occur, you can consult the Bitcoin Clock, which updates this information in real-time.

Interestingly, the market price of bitcoin has, throughout its history, tended to correspond closely to the reduction of new coins entered into circulation. This lowering inflation rate increased scarcity and historically the price has risen with it.

Conclusion

As the crypto economy matures over time, we’re going to see constant development and people will keep finding new ways to make money with Bitcoin. Even beyond this list, there is an endless amount of earning opportunities offered by cryptocurrencies. Be sure to do your research and find out what works best for you. Good luck!