How To Make Money With Cryptocurrency for Beginners - 6 Best Strategies (2022)

To many, crypto currency is a total stranger whereas the fast moving world we live now has placed a pressing need on us all to improve past the old method of doing things. In this video, I will talk about 6 best ways to make money with crypto and NFTs. I aim at equipping everyone with the profound knowledge on cryptocurrency right from where it starts (bitcoin) to where it is right now (meta verse and more).
Having the basic knowledge of crypto will help a long way in your research and trades because there’s always a need to revisit the start and without the understanding of how the project started, you may be stranded. This is why I first talks about the reason why crypto currency was introduced and with that, we will be visiting the history of bitcoin which is the first crypto currency ever, and the basic day to day terminologies we use in crypto world such as wallet, airdrops, blockchain and many other.
After that, I talk more about how to make money through crypto. In case you haven’t heard, many are making it big with crypto currency more than we can imagine because it comes with a lot of advantages and opportunities that need to be explored.
This book is compiled to help you on your journey to wealth accumulation by providing you with the necessary map needed to make money and earn passively through cryptocurrencies.

BLOCKCHAIN is one of the most used words in the crypto world. I can actually say that understanding how the blockchain works means you have understood the basic concept of crypto.
Moreover, blockchain isn’t only used in the crypto world but also in so many ways.
A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.
A database usually stores its data into tables, but a blockchain, like its name implies, stores its data into chunks (blocks) that are strung together. This data stored inherently makes an irreversible timeline of data when implemented in a decentralized nature. When a block is filled, it is set in stone and becomes a part of this timeline. Each block in the chain is given an exact time stamp when it is added to the chain.
The main purpose of blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, a blockchain is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed. This is why blockchains are also known as a distributed ledger technology (DLT).
This means that all transaction history ever made since the establishment of crypto is heavily stored on the blockchain and can never be altered by anyone. This is a great advantage of crypto that our fiat currencies and banks can achieve.
Why are Crypto wallets important?
Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money. That’s why it’s important to keep your hardware wallet safe, or use a trusted wallet provider.
How do you use a Crypto wallet?
Crypto wallets range from simple-to-use apps to more complex security solutions. The main types of wallets you can choose from include:
Paper wallets: Keys are written on a physical medium like paper and stored in a safe place. This of course makes using your crypto harder, because as digital money it can only be used on the internet.
Hardware wallets: Keys are stored in a thumb-drive device that is kept in a safe place and only connected to a computer when you want to use your crypto. The idea is to try to balance security and convenience.
Online wallets: Keys are stored in an app or other software – look for one that is protected by two-step encryption. This makes sending, receiving, and using your crypto as easy as using any online bank accounts, payment system, or brokerage.


Disclaimer: All videos on this channel are for entertainment and educational purposes only. We are not financial advisers, nor are we giving financial advice. All our videos are strictly our opinion based on speculation. Always do your own research and consult with a licensed professional before making any investment.

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