The crypto market might be in a downtrend, but it is still filled with promise and the potential for profit around every corner if you know where to look to find it. It hasn’t been quite as easy to come by as it was in the past, but it is bound to turn around eventually, as all markets do.
With 2023 now here, here is a list of the safest and most profitable ways to make money with cryptocurrencies this year.
By far, the easiest and safest way to get crypto is for free. Since there is no risk involved, there is only the upside potential. One popular way to get free crypto risk-free is by participating in airdrops. Other safe methods involve weekly trading competitions using PrimeXBT Contests, which offers risk-free virtual funds to trade with and a chance to win crypto-based prizes.
Be careful not to fall victim to free crypto giveaway scams on Twitter and elsewhere. Typically, the scams involve imposter accounts and the promise of free BTC or ETH, but with one catch — they ask you to send them BTC or ETH first. Avoid at all costs if it seems too good to be true. Even airdrops and trading competitions require some degree of effort in exchange for free crypto.
Earning interest with idle digital assets is among the safest ways to make extra money in crypto. Investors can stake a variety of cryptocurrencies and earn a return paid daily in crypto rewards to the staking balance. By using stablecoins like USDT or USDC for staking, the base cryptocurrency value remains stable, earning extra crypto that compounds over time.
PrimeXBT yield accounts offer up to 13% APY during peak market conditions on staking BTC, ETH, USDT, USDC, and other popular cryptocurrencies. Yield accounts avoid centralized lenders and connect directly to DeFi applications from within the PrimeXBT dashboard to generate daily crypto rewards.
If you haven’t noticed, each new way to make money in crypto involves slightly more risk and effort than the last. While becoming a follower and copying the pros requires some effort to sort through stats and manage which strategies to follow, copy trading is a primarily passive way to invest.
Followers at PrimeXBT Covesting get risk management tools to prevent drawdowns to ensure investments are safe in the hands of top-ranked traders, who have their performance tracked transparently and are rated by safety and profitability. PrimeXBT also puts out a monthly trader report to keep the copy trading community competitive.
Buying the dip in crypto is only risky if prices tumble. Otherwise, in the past, it has proven to be beyond beneficial for investors who happen to get in at the right time. It’s possible to buy top cryptocurrencies like BTC, ETH, USDT, USDC, and more through the award-winning PrimeXBT mobile application using a debit or credit card.
It’s also safe to hold cryptocurrencies for the long haul with secure PrimeXBT wallet technology, protected by a proprietary cold storage solution and bank-grade security infrastructure. Wallets are further protected with compulsory address whitelisting and two-factor authentication.
Because cryptocurrencies are volatile, many believe it’s best to trade them rather than buy and hold them. And that’s where PrimeXBT shines the most. The margin trading platform provides crypto traders with long and short positions for greater flexibility to hedge the market and make money from both rising and falling prices.
The risks involved in margin trading can be significantly reduced using stop loss protection, built-in technical analysis tools, and by using a reliable platform with little to no slippage. PrimeXBT offers deep liquidity in global markets like commodities, stock indices, crypto, and forex currencies — all under one roof.
There are more ways than one to make money with the PrimeXBT trading platform. Putting any or all of them into use could ultimately lead to the profitability you’ve been searching for.
Register for a free account today and start 2023 off on the right foot with PrimeXBT.
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