The cryptocurrency market, as an epicenter of fintech innovation, is constantly evolving and expanding. From Bitcoin to altcoins and everything in between, new sectors are turning up all the time that enable a new world of digital assets.
At the same time, it has also created an unprecedented opportunity for investors and traders to make more money than ever before. Here are the top five new ways to make money in crypto in 2021 including trading cryptocurrency on margin.
NFTs: What Are Non-Fungible Tokens?
NFTs have stolen the show in the world of crypto as of late, with emerging artists such as Beeple fetching millions of dollars for digital art minted on the Ethereum blockchain.
Non-fungible tokens, as they are called, let crypto users tokenize any digital good, bringing forth unparalleled proof of ownership and authenticity by leveraging the Ethereum blockchain.
These goods vary from art primarily to music and much more and have attracted the likes of entertainers, athletes, musicians, and more. Everyone from Tom Brady to Snoop Dogg and Mark Cuban have all invested in not NFTs, but in NFT platforms or infrastructure.
DeFi: What Is Decentralized Finance?
DeFi stands for decentralized finance and is one of the biggest trends to hit crypto in years. The industry itself has also created dozens of new ways to make money that would make this list nearly endless.
Decentralized finance enables permissionless lending, borrowing, along with new terms like yield farming, staking, governance, swapping, and much more.
The incredible blockchain-based technology could displace all of traditional financial products. For example, most savings rates these days average at about 0.04% at big banks. Meanwhile, rates in DeFi reach as much as 100 times that and more.
Copy Trading: What Is Covesting?
Because there are so many new users in crypto right now, one of the best ways to make money in crypto in 2021 is to let someone else do the hard work for you.
The Covesting copy trading module is a one-of-a-kind peer-to-peer trading experience that connects followers and strategy managers together. Followers can browse through a massive catalog of strategies via a global leaderboard system, then select which strategies suit their risk appetite and profit goals.
Once satisfied with their decision, followers can then invest capital into a strategy, copy the strategy manager’s trades, and earn a profit share from any successful trades. Strategy managers earn a cut from success fees generated, keeping everyone on both sides of the trade happy and heavily engaged.
Top Covesting users have already amassed as much as 4,000% total profits in one month. The Covesting copy trading module is available exclusively at PrimeXBT.
Crypto Company Exposure: Stocks And Index Products
Some investors are still hesitant to touch crypto assets themselves, and while they have long missed out, they’re starting to dip their toes into the crypto pool via companies like MicroStrategy, Square Inc, Tesla, and others that have recently taken some kind of position in BTC.
JP Morgan even recently announced an index that is a crypto exposure basket, featuring these companies and others. Even more interesting, perhaps, is that Coinbase Global (COIN) was recently listed on the Nasdaq stock market.
More major crypto businesses are expected to follow suit now that Bitcoin is in a bull market once again.
High-Growth Referral Programs
Not only are major corporations profiting enormously from the cryptocurrency market uptrend these days, but even referral programs can mean big business and high revenue growth.
When users are scrambling to sign up to cryptocurrency exchanges and trading platforms ready to speculate over markets, if they’ve followed a link shared online, there’s a chance that URL has a tracking code affixed and is making that friend of yours money.
They’re smart; as the more their network grows, the more profitable they can become. Even better, these crypto users are making money while they sleep, with or without markets moving in their favor. Platforms like PrimeXBT offer up to a four-level commission program, allowing for even more considerable revenue potential.
Conclusion: Make More Money With Crypto In 2021
The economy is about to get back on its feet fully, and more money is flowing into markets than ever before. There is a bull market everywhere, but none more potent than in crypto.
With more ways to make money than ever before, even letting others do the complicated footwork and technical analysis for you, everyone should come out of 2021 with a fatter wallet, bigger accounts, financial security, and more assets than they dreamed of. Isn’t that what making money is all about?