💸 How to earn from cryptocurrencies? | A beginner's guide to earning from crypto
In recent years, terms like 'Bitcoin' and 'Ethereum' have become familiar to everyone, but the most important question is:
"Can I really profit from it? And how do I start?"
In this article, we take you step by step to learn about the most important ways to profit from cryptocurrencies, even if you have no prior experience.
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🪙 First: What are cryptocurrencies?
Cryptocurrencies (like Bitcoin, Ethereum, Ripple) are decentralized digital money, not subject to a bank or government entity, used for exchange or investment.
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✅ Ways to profit from cryptocurrencies
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1. Buying and holding (HODL)
Simply put: You buy a strong cryptocurrency (like BTC or ETH) and hold it for months or years.
The principle: Buy at a low price and wait for it to rise.
Real example: Someone who bought Bitcoin for 1000 riyals in 2015 now owns more than 100,000 riyals in 2021.
🔸 Tip: Choose popular coins and keep them in a secure wallet (like Trust Wallet or Ledger).
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2. Trading
Quick buying and selling to profit from price fluctuations.
It requires real-time market analysis and monitoring.
There are two types:
Day trading (short-term)
Long-term trading (weeks or months)
🔸 Warning: Trading has quick profits but also carries high risks.
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3. Profit from staking
You deposit your coins in a specific network to secure them, in exchange for a monthly return (like bank interest).
Example: A coin like Cardano (ADA) or Solana (SOL) offers profits for staking.
🔸 Advantage: Monthly profits without the need to sell or trade.
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4. Investing in new projects (ICO or Launchpads)
You buy a new coin before it is listed on the platforms.
If the project succeeds, its value may multiply by 10 or more.
But: The risk percentage is high, and you must be cautious of fraud.
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5. Mining
(Has become less profitable now)
You need powerful devices and cheap electricity.
Profitable in some countries, but in Saudi Arabia, for example, it is not common.
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6. Earning from games (Play to Earn)
Games like Axie Infinity or The Sandbox allow you to earn profits through playing.
You earn coins and can convert them to riyal or dollar.
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📌 Golden tips for beginners:
1. Do not invest all your money in cryptocurrencies.
2. Use reliable platforms (like Binance, Bybit, Coinbase).
3. Keep up with the news constantly, the market changes quickly.
4. Do not follow greed... real profit requires patience.
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🏁 Summary:
Earning from cryptocurrencies is possible, but it requires awareness, education, and patience.
Start with small amounts, learn from your experiences, and remember that success does not come overnight.
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