So, let's break down ways to earn in cryptocurrency with minimal risks.
1. Spot trading. Buy during dips and sell during rises.
Example: the price of BNB at the beginning of 2024 was at the level of $300, and today it is trading around $600. In a year, you could have doubled your capital.
Risks: it's important to choose reliable coins for investment correctly. I would recommend beginners to choose from the top 10 coins on coinmarketcap.
2. Launch pools (staking). Let's say you did buy BNB and decided to hold it for some time. But for holding the coin, you can also earn profit. This can be compared to a bank deposit. You 'freeze' the coin for a certain period, and in return, you receive rewards in the form of new tokens.
Risks: it is important to choose reliable exchanges for storing coins.
3. Airdrops. An airdrop is the distribution of rewards for certain actions. The tasks can be completely different.
Example: Binance is currently distributing airdrops for staking BNB, which we discussed in the second point.
Risks: there is a lot of fraud. Only visit trusted sites and choose reliable projects.
I hope this article will be helpful for beginners.
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