arnaud-deblander.jpeg
Arnaud Deblander
Feb 28, 2022 10:29 AM

Given the current high level of uncertainty globally, it would be wise to build additional streams of passive income, even if you have a stable nine-to-five job.

Bitcoin’s mass adoption rate is growing faster when compared to the internet. it is projected that in the next four years, Bitcoin will have around 1 billion users. With the high volatility, comes great rewards.

Today, we take a look at alternative ways that you can use crypto to increase your wealth besides buying and holding tokens.

Automated Trading

Unlike holding or hodling crypto which is a one-way traffic, trading allows you to make money from the crypto market in bear and bull trends. In short, you will not be crippled by the market trends. However, It is also true that trading is one of the hardest skills to master when it comes to making money and it requires time and effort but not impossible!

For those who are willing to invest the right resources to trade their way to success, besides gains, trading actually rewards you with a high level of fulfillment and achievement that money cannot buy!

In trading, there are broadly two ways to do so: manual and automated trading. With manual trading, that is taking control into your own hands—you decide how and when to trade. The downside to this is that manual trading is a lot harder to master and takes a longer time to be good at it, given all the moving parts; namely time consuming and overcoming emotions.

With automated trading, you will be relying on trading bots that are programmed with trading algorithms to decide when to buy and sell based on a set of conditions that are pre-programmed. In other words, these trading bots help you buy and sell automatically, even while you sleep! 

Manual Trading

As we mentioned above, trading gives you the option to maximize profits from the crypto market regardless if it’s a bull or bear trend. Take for example, the current state of the crypto market is seen as boring with BTC hovering around the $38K region for a while now. However, for the skilled traders and investors, there are pockets of opportunities in between these times and volatility is a good thing because where there is volatility, there is money to be made.

Staking

Next option, you can choose to stake your crypto. How does it work, you may wonder? In a nutshell, it’s quite simple, you just have to block funds (USDT, BTC, ETH or other) for a determined period of time and collect the interest. ETH 2.0 and ADA are good examples of the above.

Take Ethereum Staking as an example – by locking an amount of ETH for a specific period of time, you’ll be contributing to the security of the Ethereum blockchain and in return, earn network rewards.

Can you make good profits from staking? The answer depends on how much you’re investing and the time horizon you allocate to it. If you are interested in staking, you should definitely check out the UBXT Staking program. UXBT is the token that powers the Upbots and Superbots ecosystems. There are many rewards and benefits to the staking of UBXT tokens. To start with, the Multilevel Staking program has just launched. With this new feature there are different new levels of rewards for UBXT stakers such as discounts on performance fees for trading bots.

Is it safe? Just like every investment type, there is always a certain amount of risk involved. Having said that, with cold staking you can stake your crypto using a hardware wallet or another cold wallet. The advantage of this is that the funds are safe because the wallet is not connected to the internet. You need physical access to your wallet to manage the funds.

Lending

There is an alternative to staking which is none other than lending. This approach is a lot riskier than staking because for staking, although there is a risk too, you can do it on big exchange platforms such as Binance. So it is not a zero risk but the probability of not finding your funds is low. Furthermore, with staking, you are helping to secure a network.

The lending approach is more risky and can be done on smaller DeFi platforms which are more likely to be the target of a hack than larger platforms. Also, when you use lending, the collateral is often a newly created crypto which can decrease in value.

In short, with lending, investors are providing liquidity for other people to trade and in return, they earn an interest, a passive income of sorts.

Invest in crypto assets – NFTs

Rumor has it that NFTs are a good hedge in times of bear market but we aren’t quite sure if that can be said. Reason being, NFTs of all kinds are highly speculative and the volatility can be a lot higher than hodling or even trading, in some cases.

Before embarking on the wild ride of NFTs, other than doing thorough research, you need to be mentally prepared that there is a good chance that the NFTs that you invest in could be worth a few ETHs today and less than one ETH tomorrow. The safer bets would be the ultra blue chip NFTs but to fork out millions to acquire these is not something that the mainstream can afford. 

Don’t be discouraged though, if you are willing to dig deep into research and invest time and effort, you can certainly find gems that will appreciate in value over time. In this case, make sure that you have the discipline and holding power to hold for the long haul.

Conclusion

The above are some of the tried and tested ways to make your money work harder in crypto for you. Depending on your goals and risk vs rewards profile, you will have to do your own research further before making a decision.

If you are looking for a one-stop platform that allows you to make money in a fun way with absolute security through trading, staking and gaming, look no further than Superbots. Besides DeFi algorithmic trading bot on DEXs on full automation, you are able to stake the UBXT token and earn attractive rewards, and get discounts on the performance fees of the trading bots. In addition, in the not so distant future, Superbots will be launching its own NFTs, combining gaming and the metaverse! 

Making money and generating passive income don’t have to be boring. In fact, it’s fun when you get on the Superbots adventure!