How to Make Money in Crypto: Proven Strategies That Work
How to Make Money in Crypto: My Journey & Proven Ways You Can Too
If you’ve been hearing about people making (and sometimes losing) fortunes in crypto, you’re probably curious: how do people actually make money in this space?
The truth is, there isn’t just one way. Crypto is like a digital economy with dozens of income streams—and the best part is, you can choose what fits your lifestyle, risk tolerance, and creativity.
I’ve personally made money through several strategies—some simple, some advanced—and I’ll break them all down here so even if you’re new, you’ll walk away with a clear picture of what’s possible.
1.
Buying & Holding (HODLing)
This is the easiest and most popular strategy. You buy a cryptocurrency (like Bitcoin, Ethereum, or XRP) and simply hold it for months or years, waiting for its value to increase.
Example: If you bought XRP at $0.20 and it later hit $3.00, your $1,000 investment turned into $15,000.
This requires patience but almost no effort—perfect for beginners. Diamond Hands is what we call the courage to hold through the upside.
2.
Trading
Unlike holding, trading means buying and selling more frequently to profit from price swings. Crypto markets never sleep, so opportunities are always there.
Day trading: Buying/selling within hours.
Swing trading: Holding for days or weeks.
Example: If Bitcoin dips to $100,000 and rebounds to $115,000 traders can pocket the difference.
It’s riskier, but if you like fast-paced decision-making, this can be exciting (and profitable).
3.
Margin Trading
This is trading with borrowed money to amplify gains. If you open a 10x leveraged trade, a 5% price move could give you a 50% profit.
⚠️ But beware: if the trade goes against you, losses are amplified too. Trust me, I’ve learned this lesson the hard way.
4.
Collateralized Loans
One of my favorite strategies: you can borrow against your crypto instead of selling it
Example: Let’s say you own $50,000 in XRP or Bitcoin. Instead of selling, you can lock it up as collateral, borrow $25,000 in stablecoins, and buy even more crypto—or use it for real-world expenses.
This way, you keep your XRP or Bitcoin while still accessing liquidity.
This is essentially what the ultra-wealthy do with their assets—whether it’s businesses or real estate. They leverage those assets to secure loans, avoid triggering taxes by not selling, and still gain access to capital.
You can to!!
5.
Staking
Some cryptocurrencies let you lock your coins in the network to help secure it. In return, you earn passive income (like interest).
Example: Staking 10,000 ADA (Cardano) might earn you 5% annually. It’s like putting money in a savings account, but often with higher returns.
6.
Liquidity Pools (LPs)
On decentralized exchanges like Uniswap or PancakeSwap, you can provide liquidity (basically funding the exchange) and earn fees + rewards.
Think of it like being the house in a casino—you get a cut every time someone makes a trade using your liquidity.
7.
MininG
Mining involves using computer power to validate transactions and earn crypto as a reward.
Back in the day, you could mine Bitcoin on a laptop. Now it requires specialized equipment. Still, people make steady income mining Bitcoin, Ethereum Classic, and other coins.
8.
Hosting & Operating Nodes
Some blockchains pay people to run nodes (computers that help keep the network running).
For example, with projects like Flux or Avalanche, operating a node can earn you consistent rewards—kind of like running a toll booth on the digital highway.
9.
Influencer Partnerships & Promotions
If you build an audience on Twitter, YouTube, or TikTok, projects may pay you to promote their brand.
I’ve personally done influencer partnerships—sharing reviews, updates, or announcements in exchange for payment in crypto or cash.
It’s not just about money; it’s also about becoming a trusted voice in the community.
10.
Content CreatioN
From blogs to podcasts to YouTube videos, content creators get paid through ads, sponsorships, or even direct crypto tips from their audience.
I’ve made money this way too—and the best part is, you’re teaching others while building your own brand.
11.
NFTs (Digital Collectibles)
Some people make serious money by buying, selling, or creating NFTs (digital art, music, or collectibles on the blockchain).
Example: Artists can sell their work as NFTs and keep earning royalties every time it’s resold.
12.
Play-to-Earn Gaming
Blockchain games reward players with crypto or NFTs that can be sold. Think of it as getting paid to play video games.
13.
Yield Farming
This is more advanced. It’s like staking + liquidity pools combined—where you move your funds across platforms to earn the highest returns
14.
Providing Infrastructure (Hivemapper)
Hivemapper is a decentralized mapping project where drivers install dashcams that capture street-level imagery. Instead of one big company (like Google) owning the map, the data is crowd-sourced, and contributors earn tokens for participating.
👉 Best for: Drivers, delivery workers, or rideshare folks who are already on the road and want to earn extra while doing what they normally do.
📡 15.
Building Wireless Networks (Helium)
Helium is a blockchain project that pays people to provide wireless coverage for Internet of Things (IoT) devices. By setting up a small antenna at home, you help connect sensors, scooters, smart devices, and more. In return, you earn Helium tokens (HNT).
👉 Best for: Anyone with stable internet and a good location (urban or suburban) who wants semi-passive income.
16.
Connecting Cars (DIMO)
DIMO rewards car owners for sharing vehicle data through a plug-in device or app. This data (like mileage, efficiency, or maintenance needs) is valuable for building smarter transportation systems. Instead of your data being sold without your permission, you earn for it.
👉 Best for: Drivers who want to monetize their daily commute and help create the future of smart mobility.
These projects show how crypto meets the real world—where everyday actions like driving, parking your car, or plugging in a device can turn into new income streams.
Why Crypto Keeps Me Hooked
The beauty of crypto is that it’s not just about making money—it’s about building financial freedom in new ways. You don’t need permission from a bank, and you can tap into dozens of opportunities from your phone or laptop.
That said, crypto is risky. Prices are volatile. Platforms can fail. Always invest only what you can afford to lose.
But if you’re curious, there’s never been a better time to explore.
👉 So, whether you’re a beginner who just wants to buy & hold or someone ready to dive into advanced strategies like liquidity pools and nodes—the crypto world has a lane for you.
I’ve personally made money in many of these ways, and I’m still learning every day. The key? Start small, stay curious, and never stop exploring.
💡 Want to keep learning with me? Follow my journey on X: @xrpnurse
