We’ve all thought of a way to earn extra money outside of our 9 to 5 job, with some prefer to save, some invest in real estate and some in bonds.
Given that Bitcoin’s mass adoption rate is growing faster when compared to the internet, it is projected that in the next four years, Bitcoin will have around 1 billion users. With the high volatility, comes great rewards.
Today, we take a look at alternative ways that you can use crypto to increase your wealth besides hodling.
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own research and analysis before making any investment based on your personal circumstances.
1. Affiliate program
The first way to increase your income using cryptos is through crypto affiliate programs, such as the one we offer at 4C-Trading. The idea is to test the product and then share it with your community and peers in return for commission earned. Given how well the SMART bots have been performing, you’ll be helping your community and peers future-prove their wealth by helping to spread the words of the 4C SMART Bots.
If you are already a 4C-Trading customer, you will be automatically signed up for the 4C-Trading Affiliate Program. To access this, you just need to head to your 4C account. You’ll be assigned a personal affiliate dashboard where you can manage your commission and referrals.
For non-customers, you are welcome to sign up for the 4C Affiliate Program as well. However, this is not encouraged by us as we strongly believe that without trying our suite of products, you will not be able to fully understand how powerful the SMART Bots are. Experience is the best teacher!
2. The 4C SMART Bots
If you already have some start-up capital, instead of having it sit idle, you can opt for an algorithmic trading solution such as 4C-Trading SMART Bots. The automatic trading bots are perfect for investors and traders who don’t have the time or knowledge to trade manually. This is a way to increase your income over time if you have an investment horizon longer than a month. After all, trading is all about probability, and it’s not a fixed return that you should be expecting. Nevertheless, the historical performance speaks for itself with over 4000% compounded gain since inception in January 2019 on our ETH strategy.
If you are a crypto hodler, you may wonder why you should be using the SMART Bots? Isn’t it just enough to hodl? Based on the SMART Bots past performance, you will realise that instead of just hodling, the SMART Bots are a great diversification tool to add to your portfolio. In that way, besides your hodling bag, you will be adding an additional wealth accumulation tool to your portfolio!
Next option, you can choose to stake your crypto. How does it work, you may wonder? In a nutshell, it’s quite simple, you just have to block funds (USDT, BTC, ETH or other) for a determined period of time and collect the interest. ETH 2.0 and ADA are good examples of the above.
Take Ethereum Staking as an example – by locking an amount of ETH for a specific period of time, you’ll be contributing to the security of the Ethereum blockchain and in return, earn network rewards.
Can you make good profits from staking? The answer depends on how much you’re investing and the time horizon you allocate to it.
Is it safe? Just like every investment type, there is always a certain amount of risk involved. Having said that, with cold staking you can stake your crypto using a hardware wallet or another cold wallet. The advantage of this is that the funds are safe because the wallet is not connected to the internet. You need physical access to your wallet to manage the funds.
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There is an alternative to staking which is none other than lending. This approach is a lot riskier than staking because for staking, although there is a risk too, you can do it on big exchange platforms such as Binance. So it is not a zero risk but the probability of not finding your funds is low. Furthermore, with staking, you are helping to secure a network.
The lending approach is more risky and can be done on smaller DeFi platforms which are more likely to be the target of a hack than larger platforms. Also, when you use lending, the collateral is often a newly created crypto which can decrease in value.
In short, with lending, investors are providing liquidity for other people to trade and in return, they earn an interest, a passive income of sorts.
5. Learn to trade
This is possibly the most time consuming approach with a high level of difficulty, especially for those who are just starting out. However, it is also the most rewarding! But is it really possible to make money by just looking at charts on a screen over long days and nights?
The answer is of course positive, it is indeed possible but it is also very time consuming! Especially when you don’t have a dedicated resource to learn from and a team of mentors behind you. It is for this reason why we created 4C Learning – to help you expedite your success in trading, with a team of expert traders behind you. Our traders have gone through the learning curves so that you don’t have to!
When you sign up for any of our trading courses at 4C Learning, you will gain free access to the SMART BTC and Margin Bots from 4C-Trading. We believe that when you invest in yourself, you deserve to have the chance to accumulate gains as well!
The above are some of the tried and tested ways to make your money work harder in crypto for you. Depending on your goals and risk vs rewards profile, you will have to do your own research further before making a decision.
At 4C-Trading, our objective is to build a suite of comprehensive crypto trading and investing tools to help you build your wealth. The advanced trading algorithms of our SMART Bots is a tool used by fund managers and ultra high-networth individuals, and we want to extend the benefits of these powerful bots to you so that you can future-proof your wealth today!
We invite you to test out the SMART Bots 7 Days for free!