Today I will expose several ways of making money on the blockchain as a lot of my friends, especially newbies in the blockchain communities have asked me this question on How I make money on the cryptocurrency blockchain.
I found out that the blockchain is a blessing to us in this century. So I thought this will be the same question for several people who have the desire and hunger to make money on this amazing platform.
Blockchain has helped to solve a lot of financial problems in society, the only thing left is the knowledge of how we can use and benefits from it.
Below are some ways you can make money from the blockchain as far as I know for now.
- Building blockchain and communities
You can make money from the blockchain by building blockchain and communities, having a community-based blockchain is one sure way to make you money.
- Content Creation
This is another very profitable means of making huge money on the blockchain, and this is what our beloved hive blockchain is all about. Content Creation could be in the form of writing content in terms of blogging on peakd, ecency, hive blog or several others. You can even make videos using 3speaks etc. Content Creation is one sure way whether you are a crypto Amateur or professional. You can learn along.
- Staking
staking your cryptocurrencies is another way, if you are a long-term HODLER, The best and most profitable way to make money is to stake your crypto either in a centralized exchange like Binance or in a decentralized exchange. For instance, staking ATOM, COSMOS can also earn your some of their Airdrops. Staking your cryptocurrencies can earn you some revenue depending on the APR set by the exchange.
- Arbitrage Trading
This is also another mind-blowing way of making money in the blockchain. Arbitrage is a way of buying less in an exchange and selling at a higher value in another exchange. You can make more research on this and benefit from this wonderful opportunity.
- Trading
This is one of the popular ways a lot of people know. Trading can be in different forms, there's the normal spot Trading, futures trading, margin trading or even offline trading. You can learn more about this from those that have the need knowledge and enjoy its benefits in it.
- Mining
As I got into the crypto world, this was one of the first things I came in contact with. Cryptocurrency mining is another big way to make some good figures. You can also make your research to learn more about this.
- Airdrop
This is another very popular and easiest way to make and earn from the blockchain. And I have personally been a huge beneficiary of this. Airdrops are a means for new projects to distribute their token to eligible members of their community to gain popularity. One of the latest Airdrop was the $OP. And the least amount each eligible beneficiary got was about $400 plus. You can join some Airdrops communities to participate. But be careful, as there are several fake Airdrops and Airdrops communities. Do not fall victim to scammers.
- Gaming
This is for game lovers, you can earn money from the blockchain if you're a game lover, either you know how to play or you can build games. DYOR and benefit from this if you're a game lover.
- And finally, based on my knowledge so far, is to help bring those businesses that are off-chain into the blockchain
If there are any other or more ways, please kindly feel free to leave them in the comment section. As I will be eager to
learn more.
Thanks so kindly for reading through
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