10 Money-Making Strategies to Master Virtual Currency, Even Beginners Can Find the Right Path for Themselves

Cryptocurrency markets are now full of opportunities, but making money is a skill that requires technique. Many people think there is only one way to profit from cryptocurrencies—trading. In fact, besides buying and selling for price differences, there are a series of methods such as airdrops, mining, DeFi liquidity, NFT creation, and more. The key is to find the approach that best matches your risk tolerance and time investment.

The Easiest Free Ways to Earn Coins

1. Airdrop Sniping

What is an airdrop? Simply put, it’s when projects distribute free tokens. There are two modes: one is actively completing tasks (registering, interacting, referring, etc.) to earn tokens; the other is passive, where holding certain coins automatically earns you new tokens. For example, Bitcoin (BTC) holders received BCH airdrops, and Ethereum (ETH) holders received ETHW airdrops after the merge.

How to operate? Follow crypto influencers on social media or join Telegram/Discord groups to stay updated on quality projects. Each project has different procedures but will provide detailed tutorials, so you generally don’t need to worry about how to participate.

Suitable for: Beginners with plenty of time who don’t want to invest real money but want to try their luck.

Pros and cons: The advantage is that it’s completely free; the downside is it’s very time-consuming (active mode), with low success rates (passive mode), and the tokens gained may be worthless.

2. X to Earn (Play and Earn)

This is a popular method in the GameFi sector, including Play to Earn, Move to Earn, Watch to Earn, and other formats. Well-known projects like Axie Infinity and STEPN are representatives of this track.

How to operate? Prepare a crypto wallet and connect it to the project’s official website to start. It’s as simple as registering a game account.

Suitable for: Gold farmers and gaming enthusiasts.

Pros and cons: Combines entertainment with earning, making it fun. But usually requires initial investment to buy equipment, rewards may depreciate as more participants join, and it can be manipulated by large guilds.

3. SocialFi Content Creation for Earnings

Combines social interaction with finance, earning tokens through content creation and engagement like likes. Typical platforms include Mirror, Audius, etc.

How to operate? Creators publish content on the platform to receive tips from fans; ordinary users earn platform tokens through likes, shares, and other interactions.

Suitable for: Content creators and social influencers.

Pros and cons: Low threshold, no investment required. But token prices are often not ideal, without fame it’s hard to get tips, and content quality varies widely.

4. Creating NFTs for Monetization

Anyone with creativity can turn art, photos, music, and other works into NFTs and sell them on the market. For example, an Indonesian user turned selfies into NFTs, with a trading volume of 400 ETH.

How to operate? Prepare original works and a wallet, then upload to platforms like OpenSea or Rarible. Remember to keep your private keys safe.

Suitable for: People with artistic talent or a fan base.

Pros and cons: Zero threshold, diverse formats (art, music, videos). Disadvantages include lack of buyers, need for professional knowledge, high transaction fees, and legal risks in some countries.

Advanced Methods with Relatively Stable Returns

5. Mining for Passive Income

Use specialized mining rigs to mine Bitcoin (BTC), Dogecoin (DOGE), or other coins, or entrust third-party operators. This is the most traditional way to earn coins.

How to operate? If mining yourself, find a location with cheap electricity, set up mining hardware and software. If outsourcing, just provide your wallet address to receive earnings.

Suitable for: Institutional investors with sufficient capital or those with access to cheap electricity.

Pros and cons: Stable output, considered passive income. But it has a long payback period, requires large initial investment, and involves legal and technical risks.

6. DeFi Liquidity Mining

Provide liquidity to decentralized finance protocols, participate in lending, trading, and earn token rewards. Includes liquidity mining, lending mining, trading mining, etc.

How to operate? Connect your wallet to DEXs like Uniswap or lending platforms like Compound, choose the relevant trading pairs or lending products to participate. Be sure to research risks, especially liquidation risks in lending.

Suitable for: Professional finance users.

Pros and cons: High rewards, often good token performance. But requires high expertise, and involves risks like slippage, impermanent loss, and liquidation.

7. Holding Coins for Steady Interest

Deposit coins into platforms to earn interest, similar to bank fixed deposits. There are flexible (withdraw anytime) and fixed-term (withdraw after maturity) options. The more coins and the longer the term, the higher the interest.

How to operate? Find deposit products on supported trading platforms and subscribe.

Suitable for: Conservative investors holding long-term.

Pros and cons: Easy to operate, low risk, no threshold. But yields are low, and interest often can’t offset the risk of coin price decline.

8. Spot Trading for Buying Low and Selling High

The most direct way to make money—buy low, sell high. Holding coins long-term (HODL) is relatively stable; short-term trading is riskier but can yield quick profits.

How to operate? Register on trading platforms, complete identity verification, deposit funds, and buy/sell. Choosing a reputable platform is essential.

Suitable for: Long-term investors (beginners), short-term traders (professional traders).

Pros and cons: Low threshold, simple operation, more stable than futures. Requires capital, trading knowledge, and patience.

9. Futures Contracts with High Risk and High Return

Use a small margin to open leveraged trades, supporting both long and short positions. This is the most exciting method because it allows for big gains with small capital, but the risk of liquidation is huge.

How to operate? Open an account supporting futures, select the coin, adjust leverage, set stop-loss and take-profit, then place orders. The logic is similar to spot trading.

Suitable for: Aggressive investors with strong psychological resilience who can tolerate total loss of capital.

Pros and cons: High returns, supports long and short, big gains with small capital. But extremely risky, easy to get liquidated, and requires strong mental fortitude. Not suitable for long-term holding.

10. Arbitrage Trading with Low Risk

Profit from price differences across exchanges. Buy on the lower-priced platform and immediately transfer to sell on the higher-priced one. The price gap must be large enough to cover trading and withdrawal fees.

How to operate? Register multiple accounts in advance, monitor price differences, and execute quick spot trades and cross-platform transfers when opportunities arise.

Suitable for: Well-funded, price-sensitive, experienced traders.

Pros and cons: Low risk, stable returns. But arbitrage opportunities are decreasing, requiring quick reactions; slow responses can eliminate the profit margin.

Real-Time Coin Price References

Based on the latest market data:

• Bitcoin(BTC) Current price $91.33K, 24h change +1.76%
• Ethereum(ETH) Current price $3.14K, 24h change +1.26%
• Dogecoin(DOGE) Current price $0.15, 24h change +7.86%

Summary

There are 10 ways to make money in crypto, from zero-investment airdrops to large-capital mining. Each method has its own suitable scenarios. There’s no absolute good or bad—only what fits you best. Beginners can start with low-risk options like earning interest or spot trading, then gradually explore DeFi, futures, and other high-risk strategies as they gain experience.

Most importantly: Understand the risks, manage your budget, choose reputable platforms, and keep your private keys safe. Wishing everyone to find the earning method that suits them!