Could These Be 3 Simple Ways To Earn With Cryptocurrency?

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

The popularity of cryptocurrencies in recent years has attracted many people to what is called a 21st century gold rush.

The many success stories have undoubtedly instilled a curiosity about the potential of the cryptographic industry.

What is cryptocurrency?

Cryptocurrency, commonly known as crypto, is a virtual currency that uses cryptography to protect its transactions. Unlike fiat currencies, cryptocurrencies are not issued or controlled by any governing body; but they use a decentralized system called blockchain to record transactions and issue new tokens.

Some of the trend crypts are Bitcoin BTC / USD, Ethereum ETH / USD, Cardano ADA / USD e Dogecoin DOGE / USD.

Winning with Crypto?

When Satoshi Nakamoto invented the first cryptocurrency, Bitcoin in 2008, the only way to make money was by mining or receiving tokens from a colleague; however, there are now many more ways to make money with crypto, including staking, trading the Application Programming Interface (API), and affiliate programs.

Staking is a way to validate cryptographic transactions using blocked tokens and coins in a cryptographic wallet. A participation test network uses currencies to validate transactions on the blockchain network, and there are rewards for doing so. In essence, betting is more like lending coins online and then being rewarded in return.

Staking allows the network to maintain its security and validate transactions. This process is considered to be significantly more energy efficient than mining and does not require the purchase of expensive hardware.

An API (application programming interface) is an interface between one computer and another that allows computers to communicate with each other. A cryptocurrency exchange API acts as a bridge between the customer and the broker so that they can perform different functions, such as buying and selling cryptocurrencies.

Trading APIs link the client’s account to the broker’s automated trading system so they can trade quickly and efficiently. They also allow the client to perform algorithmic trading using a set of preconfigured rules (algorithms) to perform operations at high speeds.

Affiliate or referral programs are one of the most popular ways to make money online. The idea behind them is simple: promote offers and earn revenue. A personal referral link is shared, and when someone uses the link to join a website or purchase a product, the link owner receives a commission. Cryptographic affiliate programs can help you get recurring income for months or even years.

CEX.IO is one of the companies in the cryptographic space that reports that it allows its customers to use all three services to make money.

CEX.IO 101

CEX.IO is a regulated and licensed global cryptocurrency exchange based in London. The company allows its customers to buy, sell, exchange, store, borrow and earn cryptocurrencies through a mobile app, a website, WebSocket (WS) and the REST API. CEX.IO claims to be one of the first companies to make affordable fiat-to-crypto transactions by offering card payments and bank transfers to its customers.

Rethinking can be a complex process that requires a certain level of technical knowledge, but CEX.IO says it has a uniquely designed rethinking platform that facilitates user participation without much experience with cryptographic and blockchain technology.

CEX.IO betting platform supports 14 cryptocurrencies, and the company says it is working to add more. Bet payments are automatic so the user does not need to claim rewards. Rewards are calculated hourly and payments are made monthly. CEX.IO promises an annual percentage return (APY) of up to 23% of its stake compared to other players on the field.

The company says its WS API allows users to perform a variety of functions, including subscribing to order books, viewing open order requests, and obtaining real-time statistics and market data. Using its REST API, users can get real-time price sources, access various price charts, and view their trading history.

The CEX.IO affiliate program is also open to all members for passive income. A partner earns 30% of the business transaction commission for each referral indefinitely. There is no limit to the amount of referral rewards that can be earned. The company prides itself on having a low or no cost membership and that there are no financial risks to promoting their exchange.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

Photo of Kanchanara on Unsplash

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