Cryptowise.ltd Review Why Waste Your Money on BTC Doublers

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Contents

Cryptowise.ltd Review: Why Waste Your Money on BTC Doublers

GitHub is home to over 40 million developers working together to host and review code, manage projects, and build software together.

cryptowise / SOLUTIONS.md

This challenge was handled by using the function of challenge 3 and processing each line in 4.txt in a similar manner. First, I looked for lines that would produce more than 2 words. In some cases, the from_utf8 function after the XOR function would return an error in the Result object. I used a match operation and if the utf8 string could not be encoded from the bytes given by the XOR, then I would set the string result to “UTF-8 Error” or two words. The lines that gave up more than 2 words were run again to get the secret message. I printed the line no. the decimal key number to the character used, and the secret message given when the character was used in an XOR operation with the given hex encoded string line.

The solution to this is:

  • C4:Line no:171 – 7b5a4215415d544115415d5015455447414c155c46155f4058455c5b523f
  • C4:The decimal key is: 53
  • C4:The secret message is: Now that the party is jumping
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How to Earn and Make Money with Bitcoin

By: Ofir Beigel | Last updated: 11/12/19

A lot of people are into Bitcoin and cryptocurrencies in order to make a quick buck. Today’s post is dedicated exclusively to ways you can earn Bitcoins for free or make money with Bitcoin.

Earning Bitcoins Summary

While there are many ways you can make money with Bitcoin in the end there are no free meals. Earning Bitcoins online take time and money and most methods promising free Bitcoins will not be worth the time wasted on them.

How can I earn Bitcoins for free?

  • Micro earnings
  • Owning a faucet
  • Signature campaigns
  • Trading Bitcoin
  • Affiliate programs
  • Gambling
  • Writing about Bitcoin
  • Bitcoin related services
  • Bitcoin Mining
  • Bitcoin Lending
  • HYIPs / Coin doublers
  • Bitcoin forks

If you want a detailed explanation about all the methods out there keep on reading. Here’s what I’ll cover:

Don’t like to read? Watch out video guide instead

1. How Can I Earn Bitcoins Online for Free?

People tend to think that because Bitcoin is a new form of currency, there is some magical way you can earn Bitcoins or make money from it easily. I’m sorry to burst the bubble, but Bitcoin is just like any other currency out there.

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Just like there’s no easy, risk free way to make a quick buck there’s no magical way to earn Bitcoin.

While cryptocurrencies in general may hold some new possibilities for generating income the basics are the same – you’ll need to invest time, or money in order to make money.

I’m going to cover 12 different ways you can earn Bitcoins in this post. Each method I’ll cover will be graded according to the following factors:

How much effort does it take to use this method?

How much money can be made through this method?

How risky is this method?

All of the methods I’ll go over are things I’ve actually tested myself, so rest assured I’m talking from experience.

2. Micro earnings – Faucets, PTC, Micro jobs

Effort – High

Income – Low

Risk – Low

One of the cheapest, easiest but also most time consuming ways to actually earn Bitcoin is through micro earnings. This means that you’ll basically be doing small tasks and earning fractions of a coin for the time you spend.

Some of the more well-known micro earnings sites are Bitcoin faucets – sites which you repeatedly visit every few minutes in order to claim a very small amount of coins.

Faucets are actually a subcategory of PTC websites, PTC meaning “Pay to Click”. PTC websites will usually have you click on an ad or on a button on the site in order to make money from ad sales. In return you’ll get a small amount of coins.

From my calculations, if you work non stop at clicking buttons you’ll average anywhere between 5-40 cents an hour. Not sure that’s worth your time or even the electricity for running your computer.

3. Owning a faucet

Effort – Medium to high

Income – Low to medium

Risk – Medium

While participating as a faucet user might not earn you a lot of money, owning your own faucet is a whole different story. Today, you can build a cryptocurrency faucet relatively easily and earn money from selling ads on your site.

At 99Bitcoins I ran my own faucet for almost 3 years until I decided to focus on other things. Depending on the advertisers you’re using and the amount of traffic you have you can make up to $1000/month running a faucet.

However, running a faucet requires a reasonable amount of time and effort. You’ll need to set up your own website, manage users, prevent fraud and also bring some initial capital to fund the faucet when starting out. Here’s my beginner’s guide to running a faucet.

4. Running a signature campaign

Effort – Medium

Income – Low

Risk – Low

Somewhere around mid-2020, BitcoinTalk, a leading Bitcoin forum, started running signature campaigns. Simply put, you could use your BitcoinTalk signature to advertise a product and get paid for every post you write. The complete list of campaigns can be seen on the forum itself.

With a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone with a status less than ‘full member’ won’t get paid that much, if at all.

To become a full member, you’ll need at least 120 posts under your belt. There are also limitations on posts; such as length, original content, and more. Sometimes, there’s also a minimum post requirement per week.

From my experience you can make up to $5 an hour depending no how much you write and your membership level. This, of course, does not include the number of posts you need to write in order to earn the required membership level on BitcoinTalk.

5. Become a crypto trader

Effort – Medium to high

Income – High

Risk – High

One of the fastest, easiest but also riskiest ways you can make money with Bitcoin is by trading it. Basically you’re trying to buy Bitcoin when the price is low and sell it when the price rises.

However, trading Bitcoin successfully is not a matter of luck or guesswork. Profitable traders spend a substantial amount of time learning how to trade and how to overcome the many risks involved with trading. Successful traders know they might lose money in the short term but they look at it as an investment in their education, since they are aiming for the long term.

If you want to become a trader make sure you have the time and capital to invest in good trading education.

6. Bitcoin affiliate programs

Effort – High

Income – Medium to high

Risk – Low to medium

Perhaps one of the most overlooked ways to make money with Bitcoin is through promoting various affiliate programs. Affiliates are people who promote a certain business for free but receive a commission if they manage to bring in paying customers.

Many Bitcoin exchanges, products and services have an affiliate program in which you can sign up for. You then get your own unique affiliate link in order to promote that product or service.

Of course there are many ways you can promote your affiliate link – you can share it on Facebook, run ad campaigns on different websites or even set up your own information site and promote your links within the content.

This is actually how 99Bitcoins got started, and I’ve even published a book about it called “My Dirty Little Bitcoin Secrets” which you can download for free. If you want to know more about this method make sure to download the book and read it from start to finish – only then will you understand the amount of work needed in order to become a successful affiliate marketer.

Also, here’s a list of highly profitable Bitcoin affiliate programs which I have already field tested myself.

7. Gambling in Bitcoin casinos

Effort – Low

Income – Medium to high

Risk – Extremely high

A very obvious way of trying to increase your crypto wealth would be to gamble on it using one of the various Bitcoin casinos out there. Of course there’s not much to elaborate on this method but if you do decide to risk your money and try your luck, please make sure the casino you’re using is provably fair.

A trustworthy Bitcoin casino will know that their “house edge” is enough to make a profit and therefore will want to prove to their players that they are not manipulating any results. They do this through a mathematical algorithm involving cryptography.

Bottom line, a provably fair casino will show you how to check that the results of the game you play are completely random. You can find a list of provably fair Bitcoin casinos on our site as well.

8. Write about Bitcoin

Effort – Medium

Income – Medium

Risk – Low

If you’re into cryptocurrencies and have a knack for words you might want to consider becoming a crypto journalist or article writer.

As the crypto industry evolves, more and more news and information websites are popping up. In many cases these sites are in need for writers as they are publishing dozens of articles each week.

Since good writers are hard to find, if you can submit quality work you may be able to earn a nice revenue stream by writing about Bitcoin and cryptocurrencies from the comfort of your own home.

The best ways to find work as a writer would be to look for the “jobs” section in your favorite crypto publications. You can also email specific sites you’d like to write for, or you can create a writer profile on Upwork – an international freelance marketplace.

It’s best if you have some sample articles on hand before applying for a writing job as many publications would request previous work before hiring you.

Effort – Varies

Income – Varies

Risk – Varies

If you’re not good with words perhaps there’s a different service you can offer. The BitcoinTalk services thread offers a wide variety of services you can provide in exchange for Bitcoin. Some of these include developing a website, marketing an online product or even becoming an Escrow agent for Bitcoin transactions.

10. Mine Bitcoin

Effort – Medium to high

Income – Medium to high

Many people that start out with Bitcoin are instantly drawn to the concept of Bitcoin mining. I mean, creating magical Internet money from your home computer? What could be better?

The fact is, that today Bitcoin mining has become more of a profession than a hobby. It requires extremely expensive mining equipment, high electricity costs, hardware configuration knowledge and physical space to actually store your miners.

Mining altcoins (e.g. Ethereum mining) is cheaper than what you’d need in order to mine Bitcoin. But this only means that the hardware will cost less. The other hassles of electricity costs, configurations, maintenance and so on are basically the same.

Sometimes you’ll encounter a website or mobile app that tells you they will mine coins for you. Most of these services are pretty much useless and will usually consume your device’s computing power and battery just to give you a few cents in return.

Another option is cloud mining – paying someone else to handle the mining equipment for you while sharing the profits. While this sounds ideal, most of the cloud mining sites today are just pretending to use your money for mining operations, they are in fact scams.

Furthermore, while there are a few legit sites out there, the money you’d pay them to mine Bitcoin is probably better invested just buying Bitcoin (as can be seen with my Genesis Mining analysis).

Of course I urge you to do your own market research since in the end, it’s your money.

11. Bitcoin Lending

Effort – Low

Income – Medium to high

Risk – Extremely risky

A very popular way of growing your Bitcoin wealth is through Bitcoin lending platforms. These sites connect borrowers that need crypto with crypto owners who lend their coins for an interest rate. Because these loans are ultra risky the interest rates are pretty high which initially seems like a good thing.

I mean I can make 15% a year on my coins, what’s not to love about that?

Well, since there is no actual collateral that holds the borrower liable for the loan more often than not these loans default and lenders are left without their money.

I’ve tested out several loans here at 99Bitcoins, and they all eventually defaulted. That’s why I recommend to stay away from this specific method.

One site that seems to be working for a relatively long time which I haven’t tested thoroughly is xCoins. While I can’t vouch for it personally it seems to be getting decent reviews.

As always, please do your own research before investing money anywhere.

12. HYIPs and coin doublers

Effort – Low

Income – Medium to high

Risk – Extremely risky

Another method I suggest you avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are sites that claim to double your coins every few days or give you unreal interest rates.

What these sites actually do is take money from new users and use that money to pay off old users. This process creates a lot of buzz around the site that seems to be legit and solvent.

On top of that, they almost always have some sort of referral program so that users can bring their friends on board.

This is how a Ponzi scheme works. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed several Bitcoin investment sites in the past 3 years and have yet to find a site that I can say is safe to invest in. Any site that promises you something that is too good to be true is probably just a facade for scammers trying to steal your coins.

How can you find out if a site is a scam for yourself? Easy, use the Bitcoin scam test tool to get a fair assumption about a site’s legitimacy.

13. Claiming Bitcoin forks and airdrops

Effort – Medium

Income – Varies

Risk – High (especially for non technical users)

Starting around August 2020 Bitcoin began “forking” into other coins. In a nutshell, forking means a new “Bitcoin clone” emerges from the existing Bitcoin. Every person who held Bitcoin before the fork can now also claim the new coin as well.

The first popular fork was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The process for claiming forked coins (aka forkcoins) is standard but requires an above basic understanding of how Bitcoin works. You can view my fork claiming guide here.

Keep in mind that if you’re not sure what you’re doing when claiming a forkcoin you could end up losing your Bitcoins. So for most non technical users it would better to pass on a fork and keep your Bitcoins safe.

Other alternatives include companies that claim the coins for you and take a commission – but this could easily turn into a scam that runs away with you money.

Once you claimed a forkcoin you can sell it on an exchange for Bitcoin or other cryptocurrencies assuming it has a market.

Airdrops

Airdrops are similar to forks in the sense that you “get coins out of thin air”. Airdrops are usually used to spread the word about a certain cryptocurrency. The currency is distributed freely to the public, although in some cases some conditions can apply.

For example, Byteball was distributed freely to Bitcoin users depending on the amount of Bitcoins they owned.

To conclude, forks and airdrops may be the highest value for time method you can use to make money from your Bitcoins but they can be SUPER risky. Additionally you’ll probably need to have an initial amount of Bitcoins to claim them.

I would advise you to use these methods only after ample research and a good understanding of the claiming process.

14. Conclusion

I’ve covered a lot of ways you can earn Bitcoins or make money with cryptocurrencies. In the end each method has its pros and cons, some are more risky while others take a greater amount of effort.

In order to make it easier for you to review what I’ve just covered I created a table that illustrates the different methods.

As you can see – there’s no easy, risk free way to make money with Bitcoin. The good news is that it is possible, and if you put some effort into it you can find a lot of creative ways to create new income streams.

You may still have some questions. If so, just leave them in the comment section below. And if you’ve tried out one of the methods above and want to share your experience with it I’d love to hear it as well.

15 Proven Ways Of Making Money From Cryptocurrency (2020)

By Per Englund on ALTCOIN MAGAZINE

Are you looking into how you could earn some extra money and thought that cryptocurrencies could be a possibility? Then you are right. There are many good ways of earning money from crypto. But there are also lots of scams.

But what is great with cryptocurrencies is that they provide people from all over the world with new ways of earning money. Often the older ways of earning money have favored the few and rich.

So in this article, we will list our and the crypto community’s top ways of making money from cryptocurrency in 2020. We want to make it as easy as possible for you to find your favorite way of earning some extra income from crypto.

We ourselves here at Go CryptoWise are using several of the listed methods below, so we know what works and what doesn’t.

15 Proven Ways Of Making Money From Cryptocurrency Guide

1 ) Day Trading Crypto

With day trading we mean that you buy and sell cryptocurrencies the same day or the following days. This is a method commonly used by both crypto and stock traders. Where you, for example, buy low and wait to sell higher.

It is common for day traders when they get more experienced that they move beyond buying low and selling high strategy, to implementing short tactics. Which means when you go short you bet on the price of that crypto to fall. So when you short a cryptocurrency you will profit after that cryptocurrency’s price has fallen and you could sell it for profit.

Day trading could be one of the most lucrative ways of making money from cryptocurrency in 2020. But it comes with higher risks. Few traders actually are successful trading in the long run. So it’s important to research before venturing out to day trade.

You can also use crypto trading bots for day trading crypto. Learn more in our guide to crypto trading bots.

Where You Can Day Trade Crypto And Bitcoin:

(Where the best trading volume is for the cryptocurrency you want to trade. So it depends, but here are our favorite crypto exchanges)

Important To Know About Day Trading:

  1. Have a clear strategy for your trading — no plan = no success
  2. For each trade, set profit targets and stop losses. Trading without those is just playing with fire
  3. Avoid FOMO! As part of tips #1, you should have a clear strategy for how your cryptocurrency trading works. That means that FOMO doesn’t exist in your world.
  4. Risk management! Never trade more than you are willing to lose. And each trade should only consist of a small percentage of your cryptocurrency trading portfolio.

Learn more about day trading

2 ) Buy & Sell For A Profit Later (HODL)

One of the most common ways of making money from cryptocurrency is by simply buying crypto, like Bitcoin and waiting for its price to increase. This method is by far the simplest. All you need to do is buying crypto at a crypto exchange and store your cryptos in a safe crypto wallet and wait.

Imagine if you would have bought 1 Bitcoin (BTC) back in July 2020 just 8 cents and sold it for $8092 today. Or bought some Ether back in August 2020 for 71 cents, and sold for $171 today. And the list goes on. So you could invest in either of those and it would a smart decision in a few years’ time. But you could also look into investing into the next Bitcoin or Ether.

It is important that you research beforehand which cryptocurrency to buy. You might have heard about Bitcoin before. But there are thousands of cryptocurrencies besides Bitcoin. Famous ones are Ether, Ripple, Stellar. You can check out our cryptocurrency reviews page to find more.

To learn more about investing smartly into crypto read our guide on the subject.

Top Crypto Exchanges That We Recommend:

3 ) Staking Cryptocurrencies

You might have heard about mining Bitcoin? Which is how the Bitcoin blockchain works. But there is a newer model known as staking cryptocurrencies or Proof of Stake model (PoS). With staking cryptocurrencies you ‘stake them’ in a crypto wallet. And by staking your cryptos, you help to secure the blockchain and get rewarded by doing so.

Staking cryptocurrencies is a great way to passively earn some extra income. And it is a model we use because it is super easy and we never say no to some extra income.

Now with cold staking and soft staking (by Kucoin) launched by cryptocurrencies and crypto exchanges, it is easier than ever to participate.

Our favorite coins to stake are right now: VET, NAV, and NEO

Learn More About Staking Cryptocurrencies:

4 ) Mining Cryptocurrencies

The original and most famous way of making money from cryptocurrency and Bitcoin was via mining. Also known as the Proof of Work (PoW) model. Back in 2009 and in the first few years mining, Bitcoin was something everyone could do with their home computers. It was really easy back then to do it with cheap equipment.

But as Bitcoin’s price continued to rise more got interested which meant that miners started using better computers and equipment. Soon the days were over when you could mine with your graphics cards. And today mining Bitcoin is done by companies and people with expensive mining rigs.

There are of course other cryptocurrencies that run on a PoW model. But most need a more advanced mining rig in order to be profitable.

Useful Guides And Sites:

  1. Learn more about mining Bitcoin
  2. Learn about investing in Bitcoin
  3. Find more Bitcoin guides

5 ) Running A Masternode

Running a Masternode means that you are helping out to secure a Proof of Stake blockchain a bit more than just via staking your cryptocurrencies.

It works like a traditional computer that needs to be running at all times to secure transactions and in return, you earn a higher amount of coins/tokens as a reward than traditional non-node staking.

Masternodes are more difficult to set up compared to staking. And you, for example, need your node to be up and running at all times, in order to connect to the blockchain and earning passive income from crypto. Learn more about running Masternodes. But if you have an extra computer at home it might be a great way of making money from cryptocurrency without much effort.

Great Coins To Run Masternodes With:

Find a full list of coins here. Masternodes are a bit more complex and require a bigger investment usually then staking coins without a Masternode.

  1. DASH — 7.6% Annual ROI. One of the most well-known options is DASH. Where you can earn up to 7% annually. The only problem is that you need to hold at least 1000 DASH coins, which costs about $82k. Find more information here Buy DASH at Binance, OKEx, eToro, Kucoin, Bit-Z
  2. ZCoin — 17% Annual ROI.
  3. Another option is the privacy coin ZCoin. Where you can host your own node if you have the latest Zcoin wallet and you have already obtained your 1000 XZC. Find more information website and on their ZCoin guide — Buy ZCoin at Binance

6 ) Accepting Cryptocurrency Payments As A Merchant

Another way that people forget about is accepting payments in cryptocurrencies at your shop or business. Nowadays there is more common that people have Bitcoin and other cryptocurrencies. So instead of just accepting cash ( Fiat money), debit and credit cards at your shop, you could accept cryptocurrencies like Bitcoin.

It is a great way to attract additional interest in your business and could help to promote your business locally and nationally. If you would start accepting cryptos at your shop make sure you let your customers and social media know. It might gain a lot of traction at sites like Reddit which can boost your sales.

Find Out More About Accepting Cryptocurrencies

7 ) Lending Out Your Cryptocurrencies

A new way of making money from cryptocurrency is by lending them out to others. Often if you don’t day trade your cryptocurrencies just sit there in a wallet. And you might hope that their value will increase one day.

But there is another thing that you could do with them in the meantime. Lend your cryptocurrencies out to others! In this way, you earn interest from the users that you lend them out to. And don’t worry there are companies that facilitate this whole process. And they will also secure your cryptocurrencies when they’re lent out. So no need to worry about your cryptos getting lost or stolen.

Companies That Provide Crypto Lending Services:

  1. BlockFi provides this service in an easy way (read our interview with the Director of Marketing Brad from here).
  2. Ethlend is a decentralized p2p lending platform that uses Ethereum smart contracts to connect lenders and borrowers.
  3. Another option is Salt Lending which provides a slick service and fully insures your cryptos to 100%.

“BlockFi Interest Account users can deposit their Bitcoin or Ether and earn up to 6% interest annually. Paid out on at the beginning of every month, the interest earned by account holders compounds, increasing the annual yield for our clients to 6.2%. This is an easy way for crypto investors to earn bitcoin while they HODL.”

8 ) Margin Funding

With margin funding, you basically lend out your cryptocurrencies out to other traders, for their margin trades. You then help the crypto exchange with the funds necessary for the traders when they need funds for cover.

Margin funding is an easy way to earn interest and making money from cryptocurrency, by doing almost nothing. And most good crypto exchanges provide full insurance to your cryptocurrencies. So there are no risks involved.

Margin funding works similarly like lending, where you lend out your funds and sign a contract with the crypto exchange. And you can end it whenever you want.

They can speculate that the price will go down (short position) or go up (long position). Traders who open long/short positions use real funds to ‘bet’ on that trade going their way.

This Is How It Works — Margin Funding Via OKEx

  1. Users who want to margin trade on OKEx uses funds from a margin funding pool — call them margin traders
  2. Users who want to earn profit and passive income from their funds sitting on an exchange allocates their funds to that margin funding pool and get paid in return call them margin funders
  3. The margin traders then use the funds to open a long or short position and uses funds from the pool. When they close their position the funds are returned to the margin funders

9 ) Affiliate Marketing

Affiliate marketing is another interesting way of making money from cryptocurrency. And there are many different crypto affiliate methods to start with.

Some of the most common and popular methods are by referring users to sign up at crypto exchanges, like Binance, OKEx, Bit-Z, etc. If you refer a user to sign up at a crypto exchange then usually you get 10–40% of their trading fees.

Another way to earn affiliate money in crypto is by writing product reviews. But always be truthful and honest in your reviews about the products.

Tips To Succeed In Crypto Affiliate Marketing

  1. Be helpful and provide a useful service. There’s no way you will earn a bunch of money from affiliate marketing if you don’t provide a useful service that people like
  2. Sign up at this link for Binance and you will get a 5% kickback from all of our referrals. Forever.
  3. Find more affiliate marketing opportunities in our deals section

10 ) By Doing Crypto Jobs

The most common way to earn money anywhere is by providing a service that someone wants to pay you for. So when it comes to making money from cryptocurrency doing a job for someone is no different.

For example, if you have a big following in the crypto industry, you could target companies that are planning to run their ICOs or IEOs if you could help to promote them.

Or if you are a talented writer why not write for crypto websites and blogs? Even we at Go CryptoWise sometimes need extra writers. Or maybe you are a graphic designer and could help to design logos or websites. Or maybe coding is your forte. Then you shouldn’t have a problem looking for jobs that pay in crypto.

Maybe you can help to find bugs when new blockchains are creating new features or launching their main-nets.

Our Best Tips For Getting Crypto Jobs:

These Websites Help You Find Crypto Jobs:

12 ) Participate In Crypto Airdrops

A crypto airdrop is usually a promotional marketing effort to gather people’s interest in cryptocurrencies, by ‘airdropping’ out cryptocurrency funds for free.

Usually, you don’t need to do much to participate. The companies might require you to follow them on social media or retweet a post of theirs.

Participating in crypto airdrops are a great way of making money from cryptocurrency by doing very little.

Use These Sites To Find Upcoming Airdrop Events:

13 ) Participate In Crypto Bug Bounties

If you are a talented coder then participating in crypto bug bounties might be a smart thing to look into. Bug bounties are often held by various companies, and in the crypto space, it is strongly associated with the release of new features and mainnets by blockchain companies.

Before releasing the blockchain to the public these companies host their own bug bounties where they invite coders and hackers to try and find bugs in the code. Meaning find problems with the code which could at some point make the code break, or cause risks to the security of the blockchain.

So to prevent these risks closed bug bounties are often held to discover them before launch. And if you find bugs in the code then these companies reward you (often handsomely) for helping them out. There are many people and companies around the world that specialize in bug bounties. Because it is often very well-paid.

If your skills needed then participating in bug bounties is a great way of making money from cryptocurrency.

To Find Out More About Bug Bounties:

14 ) Investing In ICOs / IEOs

During the height of 2020, when the interest in cryptocurrencies was at its highest investing in ICOs and making a profit was easier than ever. There was so much hype in new cryptocurrencies. Everyone hoped that they would find the next Bitcoin or Ether.

So with this hype and interest surrounding cryptocurrencies investing in an ICO meant that you could easily earn 2–20x your money in just a few days or weeks.

An ICO (Initial Coin Offering) or nowadays IEO (Initial Exchange Offering) is a way for blockchain companies to raise funds for their operations. With ICOs and IEOs it is completely open for the public to participate in the funding. With ICOs or IEOs, you invest with your cryptos, usually Ether or Bitcoin and in return when the project is launched you get new tokens back.

And hopefully, you can sell these new tokens to other investors when they are released for trading at a crypto exchange.

Important Tips About Investing In ICOS / IEOs:

  1. Make sure you research the company that you invest in. Make sure you understand the business idea behind it. Don’t be stupid with your money and investments
  2. Be aware that ICOs & IEOs are very risky. The companies behind them provide you with no security. Just promises that they will one day launch their product or service. And you the hope that speculating in this new cryptocurrency will pay itself off. There are no certainties with ICOs & IEOs

To Find Out More About Upcoming ICOs & IEOs

15 ) Get Passive Income From Trading Exchanges

Did you know that there are two famous crypto exchanges, KuCoin, and COSS that give you a part of the trading fees? That is a great way of earning passive income from doing nothing. With both KuCoin and COSS you who hold their tokens get a part of the money that they make from trading fees.

That means every time someone trades on their exchanges you get a part of their fees. And you don’t have to do anything but hold their tokens, KCS ( KuCoin) and COS ( COSS).

Important To Know:

  1. KuCoin shares 50% of its trading fees. And of course, do more KCS you hold the more you will get back in income. Calculate your KCS income here
  2. COSS also shares 50% of all their trading fees with COS holders. Find out more about how much you can earn from COSS

Written by:

Per Englund — Founder of Go CryptoWise a cryptocurrency and tech fan that want to see better and smarter products and services that make our lives better and easier

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