* Buying and Selling: The most common method is to buy cryptocurrency at a low price and sell it when the price increases.
* Day Trading: This is a short-term strategy where buying and selling occurs multiple times throughout the day.
* Swing Trading: This involves holding cryptocurrency for a few days to a few weeks while waiting for a price increase.
* Long-Term Investment (HODLing): This involves holding cryptocurrency for a long period, hoping that its price will increase in the future.
2. Crypto Staking:
* This is a process in which you lock your cryptocurrency for a specific period and receive rewards in return. It is available for those cryptocurrencies that use the 'Proof of Stake' mechanism.
3. Crypto Mining:
* This is a process where transactions in cryptocurrency are verified using computers, and new cryptocurrency coins are created. It requires special hardware.
4. Interest on Crypto Holdings:
* Several platforms offer you the opportunity to earn interest on your crypto holdings. This is similar to earning interest in traditional bank accounts.