Regardless of what you choose though, it’s important to ensure that you’re implementing the right strategy for your needs. From buying and holding, to day trading; there are several options that could be worth looking into if you want to earn crypto income.

Different types of crypto investment

In order to maximise your potential profits, it’s a good idea to pick a trading strategy that suits you – and this can often vary depending on a variety of factors. Your experience level, commitment, amount of money available to invest and even the digital currencies you’d prefer to use are all significant factors in determining the right strategy for you.

That being said, there are a few that can generally be a good idea to check out. Here are some of the different methods that people use when trying to earn from crypto:

• Day trading – If you’re planning on putting in the effort to check up on and make your investments daily, day trading may be worth considering. This often relies on making smaller trades consistently, allowing you to slowly but surely generate a profit over time.
• Scalping – While similar to day trading in some ways, scalping can require a lot of thought and careful consideration. You’ll need to do your research, as well as choose the optimum entry and exit point to maximise earnings/minimise losses.
• HFT (high-frequency trading) – Many of those who implement an HFT strategy will use automated trading bots to help make investments as fast and frequently as possible. This can generally be perfect for currencies that produce smaller yet more consistent profits.
• Crypto arbitrage – This particular strategy takes advantage of the varying values of cryptocurrencies on different platforms. For this, you’ll need to purchase coins on one site and sell them on another where the value is higher, and as soon as you can to avoid any price drops that may occur in the process.
• Buying and holding – For more stable digital coins with higher values like Bitcoin, it may be worth making your investment and keeping it stored (preferably in a safe and secure wallet) for a longer period of time.

While this is far from all the investment methods available, knowing these before getting started may help to give you a better idea of some of the strategies you could use.