How to Make Money with Cryptocurrency in 2023 – Top 10 Proven Methods

There are many ways to make money from the cryptocurrency markets. Not only does this include buying and HODLing digital currencies in the conventional sense – but also via staking, interest accounts, airdrops, play-to-earn games, and more.

In this beginner’s guide, we discuss how to make money with cryptocurrency in 2023 across 10 proven methods. 

10 Ways to Make Money With Cryptocurrency

If you’re wondering how to make money from cryptocurrency right now – these are some methods:

Additionally, some crypto enthusiasts are looking for ways to earn free Bitcoin right now. We explain how to make money from the above 10 methods in the sections below.

Figuring out how to make money with crypto starts with understanding how much to invest in cryptocurrency in the first place.

1. Invest in High Potential Crypto Presales like Meta Masters Guild – The Best Method for Long-Term Returns

The overall best way to make money with cryptocurrency is to invest in the best altcoins as early as possible.

After all, had you invested in Bitcoin when the digital currency was first launched in 2009, you would have paid a tiny fraction of one cent. Similarly, Ethereum was trading at just $0.75 per token when its token was released in 2015.

Both of the aforementioned projects are now worth thousands of dollars and have subsequently generated significant returns.

Crypto presales typically offer below-market-value prices as they are newly launched projects. They, therefore, have higher potential for returns than more established projects, although investors should ensure to do the proper research and due diligence before investing in a presale.

The sections below review 3 of the best crypto presales to invest in 2023.

Meta Masters Guild – Crypto Platform Offering Real Money To Play Exciting Games

Meta Masters Guild (MMG) is a new-age project stretching the limits of crypto gaming by offering users the chance to earn real-world money through their fun-filled in-game activities.

The project has now entered its second stage of the presale, which can be accessed via its official website. The platform has already gained significant attention from investors, raising over $645,000 USDT in just a few days. At present, crypto enthusiasts can purchase these tokens at a low rate of $0.01 USDT each, but the value of these tokens is projected to increase to $0.013 USDT in the foreseeable future.

The Meta Masters Guild is committed to building an immersive and engaging gaming experience for its players. To accomplish this, they have developed an innovative system that rewards players with ‘Gems.’ The in-game currency within MMG can be transformed into the platform’s proprietary tokens. These tokens can then be used to invest in the game’s ecosystem or be withdrawn as real-life money. This unique incentive is put in place to encourage players to invest their time and resources into the game, promoting its growth and success.

MMG) is dedicated to providing a user-friendly and accessible gaming experience for players. The platform simplifies the game development process and eliminates complex web 3.0 terminology to achieve this goal. This approach will make the games easy to understand and enjoyable for a diverse audience, which is crucial for the platform’s long-term success.

MMG offers players the chance to earn Gems through a variety of games. These Gems are valuable in-game currency that can be used for various purposes. Players can purchase unique in-game NFTs, exchange them for other digital currencies, convert them to $MEMAG tokens, and obtain other rewards. This system allows players to convert their gaming experiences and investments in the ecosystem into tangible financial gains.

The project allows its players to acquire unique, playable NFTs via its digital marketplace. These NFTs can be integrated into the games by linking the player’s digital wallet to the game

The platform also allows players to acquire NFTs, tokens, and other incentives by participating and being active in the project’s online community.

MMG also collaborates with various game developers to expand its reach in the gaming industry. Consequently, the platform has invited various game developers to create games using its native token, $MEMAG. Buyers interested in getting a deeper understanding of the platform’s features can read MMG’s litepaper.

$MEMAG Tokenomics

The platform’s native token harnesses Ethereum’s blockchain and follows the ERC-20 protocol. A maximum of 1 billion tokens will be created, with 350 million available during the ongoing presale stages.

$MEMAG is vital to the functioning of the project and is utilized for trading assets, staking, and obtaining unique NFTs from the platform’s NFT marketplace. Additionally, users can use $MEMAG to acquire Gems. Individuals can enter the platform’s Telegram group to get the latest updates.

Fight Out – A Pioneering M2E Platform Rewarding Users for Completing Workouts

Fight Out is a revolutionary fitness application that employs a unique Move-to-Earn rewards system to inspire users to achieve their daily workout goals and participate in in-app challenges.

The platform has seen enormous success, garnering over $3 million USDT in the early days of its presale phase. Prospective buyers should consider investing in $FGHT tokens as the prices may rise in the near future. At present, the token can be purchased at a presale rate of $0.0166 USDT. Those who invest in $FGHT tokens during the current presale stages can win a grand prize of $250K.

Fight Out has teamed up with notable UFC fighters like Taila Santos and Amanda Ribas to boost its fitness and sports industry presence. Fight Out has developed an innovative method to motivate users to stay active through a rewards system for completed workouts.

Additionally, it has created a metaverse for its users to enhance the fitness experience. Users can create exclusive, personalized Soulbound NFT avatars linked to their actual fitness progress and interact with other community members in the metaverse.

Fight Out has introduced an in-app currency called ‘REPS’ to encourage users to reach their fitness goals. Users can earn REPS by completing workouts and using them to purchase various items in the Fight Out marketplace, including discounted memberships, cosmetic NFTs, and other exclusive offers. This system keeps users engaged and connected with the Fight Out community.

To fully comprehend Fight Out’s features and capabilities, buyers should read the project’s whitepaper.

$FGHT Purchase Bonuses & Tokenomics

The $FGHT token is the official digital currency of the Fight Out platform and is built on the Ethereum blockchain. The total $FGHT supply is capped at 10 billion tokens, with 45% available during the platform’s presale stages.

Investors can use $FGHT to participate in the platform’s competitions or leagues and purchase in-game currency “REPS” with a bonus of 25%. This incentivizes the use and ownership of the $FGHT token.

Participants in the presale stages will also receive purchase bonuses starting at 10% for an investment of $500, with a 6-month vesting period.

Additionally, buyers can also earn membership rewards for holding the tokens. Buyers who acquire tokens can receive 50% rewards as the presale progresses. Investors can also enter Fight Out’s Telegram group to stay informed about the latest updates.

2. Earn Monthly TradFi Returns from The Uncharted NFTs

The Uncharted offers another excellent stream of income for crypto users. The collection of 21,000 NFTs brings returns from TradFi to Web3 users. The project is backed by Xeta Capital Fund (XCF), underpinned by highly advanced HFT (High-Frequency Trading) algorithms.

All revenue from the sales of The Uncharted goes to the fund.  The Uncharted is a sister project of Xeta Capital, a leading wealth management venture.

The Uncharted NFT holders receive a share of the monthly profit generated from the fund via quarterly airdrops. It will continue for a three-year period, after which the fund will be evenly distributed among NFT holders and The Uncharted LTD. As the fund compounds over time, the returns are also expected to grow bigger.

That doesn’t mean you’re stuck with the NFTs for three years. You can always resell them on secondary NFT marketplaces. Given that the fund is run by a team of industry experts with 10+ years of track record in the industry, the collection is expected to take off on top-NFT-sales charts as the quarterly returns drop. The collectible value of the asset can’t be ruled out, although it is set apart by its real-world intrinsic value.

The Uncharted – Pros

• The NFT collection opens up HFT funds, which have long been accessible only to high-net-worth individuals and institutions, to the masses. It allows them to earn profit from the funds with a small initial investment. A set of 5000 NFTs from the collection titled, The Uncharted, Chapter One, The Southern Ring Nebula, will be available for just $295 in ETH per reservation.
• The Uncharted has a vibrant theme and storyline centered around space expeditions. It engages users and tones down the complexity of financial markets.
• The key highlight of the collection is, of course, the compelling returns. For example, 5000 users who reserve their seats in the first collection Constellation Luxury class will get ~20% monthly returns, paid quarterly via airdrop.

The Uncharted – Cons 

• Although The Uncharted promises 20% monthly returns, three-year is a long duration in the fast-evolving NFT market. Clients have the option to resell the NFT at any point if they wish to liquidate their funds.
• The project is still in its early phases.

3. Passive Cryptocurrency Mining – Overall Best Way to Make Money With Cryptocurrency

Copium Protocol Investor Pass NFTs minting date: 09 November 2022

You could make money with cryptocurrency by directly running your own mining rig. However, buying the hardware requires a large down payment and technical skill to set it up. Alternatively, you could invest in a passive cryptocurrency mining protocol that provides profits through its mining operations.

One such passive cryptocurrency mining project is Copium Protocol, a platform that provides a simple solution to participate in cryptocurrency mining.

The entire Copium Protocol is centered around Copium Mining, a mining facility in Otago that is completely powered by 100% clean, green, renewable energy from Hydroelectricity generated in the foothills of New Zealand’s Southern Alps.

The mining revenue generated from this facility is used to directly buy Copium Coin from the open market, providing sustained demand for the token. Furthermore, the Copium Coin purchased will be sent to a burn address – making it a deflationary asset.

You can make money through this protocol by either purchasing one of the Investor Pass NFTs or the Copium Coin directly.

The project’s initial launch phase includes releasing the Copium Protocol Investor Pass, a collection of 10,000 NFTs. The NFTs will be sold through a Dutch Auction via the project’s website and will start at a price of 3.5 ETH. However, the first 2000 people that register early on the website will receive a guaranteed mint spot at a fixed price of 3 ETH. The minting of Copium Protocol Investor Pass NFTs is scheduled for 09 November 2022. 

The funds generated from the NFT sale will be used to upgrade the equipment and infrastructure at the Copium Mining facility.

Following the release of the Investor Pass, the team will implement the Copium Staking Protocol, which allows holders to stake their Copium Coin for a high yield. The yield will vary depending on the lockup times for the staking, and Investor Pass holders are entitled to higher rates than the public staking rate.

Holders of the NFTs also receive the following benefits:

• An exclusive airdrop of 10,000 Copium Coins per NFT
• A daily allocation of 10 Copium Coins if the NFT is staked
• The ability to stake Copium Coins at a higher rate in the Copium Staking Protocol
• Automatic entry to monthly Copium giveaways

4. Staking and Interest – Earn Passive Income on Idle Cryptocurrency Tokens

There are two notable concepts in the cryptocurrency markets that enable you to earn passive income on idle digital tokens that you own. The first is crypto staking, which involves locking your tokens away for a certain amount of time to help validate transactions on proof-of-stake blockchain networks.

Examples of leading staking networks include Cardano, Tron, and very soon – Ethereum. Crucially, you will receive a rate of interest for as long as your tokens are locked away. With that said, if you engage in staking on the eToro platform – you won’t be required to meet a minimum lock-up period. Instead, you can withdraw your tokens at any given time.

The second concept to consider when learning how to make money with cryptocurrency in a passive manner is through an interest account. In its most basic form, crypto interest accounts operate in a similar nature to a traditional bank. This is because by depositing your cryptocurrency tokens, you will be paid a rate of interest.

However, unlike staking, your crypto tokens won’t be deposited into a smart contract. On the contrary, your chosen provider will lend your tokens to those that need to borrow funds. And therefore, the borrower will pay you a rate of interest for as long as the tokens are being lent out.

The overall best crypto savings account in the market right now is offered by Aqru. This reputable platform allows you to earn 7% per year on Bitcoin and Ethereum deposits and 12% on stablecoins like Tether. All accounts offered by Aqru are flexible, so there are no lock-up terms to meet. Moreover, you can even deposit funds in fiat money and buy cryptocurrency via the Aqru app.

5. Day Trading – Make Money by Trading Cryptocurrency Pairs

One of the most lucrative ways to make money with cryptocurrency is to actively engage in day trading. However – there is a slight catch – you will need to at least have a basic understanding of how to use the best crypto tools to analyze prices to determine whether the token in question is likely to rise or fall in value. If you can do this, you can make money trading crypto throughout the day.

The overarching concept with crypto day trading is that you will look to take advantage of short-term volatility. Furthermore, seasoned traders in this market will rarely – if ever, hold onto a position for more than a day. And as such, the objective is to open multiple positions throughout the day making smaller, but frequent profits.

To day trade digital currencies, you need to find a regulated crypto exchange that meets two core criteria – low fees and support for plenty of markets. Regarding the former, if you are day trading crypto with an exchange that charges high fees, you will struggle to make the process worthwhile. After all, your profitable trades will get eaten away by commissions.

For instance, Coinbase charges 1.49% per slide – which means that this fee needs to be covered before you can close the trade at a profit. eToro, on the other hand, is much more competitive. Furthermore, eToro gives you access to dozens of leading digital currencies, so you will never be short of a day trading opportunity.

Cryptoassets are a highly volatile unregulated investment product.

6. HODLing – Invest in Cryptocurrency and HODL Long Term

This method from our list of how to make money with cryptocurrency is arguably the best option for beginners. This is because HODLing  – which is a play on the term ‘Hold’, simply refers to the process of buying a cryptocurrency and holding onto your tokens in the long run. This is no different from buying stocks and keeping the shares for several years.

And in doing so, you don’t need to worry about short-term price fluctuations – especially when investing in solid and established cryptocurrencies like Bitcoin and Ethereum. For example, in May 2021, Ethereum was priced at $4,300 per token. Just one month later, the price of Ethereum had dropped to lows of $2,100.

Had you panicked and sold your ETH tokens, you would have made a loss of approximately 50%. However, had you engaged in HODLing – by November of the same year, Ethereum was trading at nearly $4,900 per token. This is just one example of many. The key point here is that the most effective way to invest in cryptocurrency is via a long-term strategy.

Once again, in order to HODL your investments in the best way possible, you need to find a suitable exchange. eToro also fits the bill here, as you can invest in 60 leading cryptocurrencies from just $10 at industry-leading fees. Moreover, this exchange is approved by relevant licensing bodies in the US, and thus – you will be able to HODL long-term safely and securely.

Cryptoassets are a highly volatile unregulated investment product.

7. Play-to-Earn Crypto Games – Earn Rewards for Playing Crypto Games

When thinking about how to make money on cryptocurrency, you might be surprised to learn that this can be done by playing games. Make no mistake about it – the play-to-earn crypto game marketplace is now worth billions of dollars. There are many variations and types of titles in this space, albeit, perhaps one of the best crypto games to consider playing is Decentraland.

Put simply, Decentraland offers a metaverse that enables players from all over the world to create a virtual avatar, chat with other people, and most pertinently – buy plots of land. Once you have purchased a plot of land and built your own real estate project, this is then represented in the form of a unique NFT.

Then, you can sell your real estate NFT in the open market. Although this concept might sound farfetched, some plots of land in the Decentraland metaverse have sold for millions of dollars. This means that by investing early, you have the chance to buy an NFT at the best possible price.

Meta Masters Guild is an exciting NFT and P2E project we’ve reviewed above and named our best play-to-earn game to invest in for 2023.

8. Crypto Yield Farming and Lending – Generate an Attractive APY on Your Cryptocurrencies

Another beginner-free way to make money with cryptocurrency right now is via yield farming and lending. Although both of these investment concepts allow you to earn interest passively, they actually refer to slightly different methods. First and foremost, crypto yield farming refers to the process of lending your idle tokens to a liquidity pool.

In the vast majority of cases, you will be providing much-needed liquidity to decentralized exchanges. Some of the leaders in this market include Pancakeswap and Uniswap on the Binance and Ethereum blockchain networks, respectively. When you deposit funds into a liquidity pool, it is often locked away for a minimum amount of time.

And, for as long as the tokens are in the liquidity pool, you will be paid a rate of interest. In many cases, the newer and less liquid that a cryptocurrency is, the higher the respective APY offered by the pool. When it comes to crypto lending, this refers to the same concept that we discussed earlier – insofar that you will deposit your digital tokens into a savings account.

And in doing so, your tokens will be lent to those that wish to borrow funds. When engaging in crypto lending, it is important that you choose your preferred platform wisely. This is because you always run the risk of borrowers defaulting. Once again, this is why Aqru stands out – as the platform only lends crypto to high-grade borrowers that have been pre-vetted.

9. Faucets – Earn Free Cryptocurrency by Completing Simple Tasks

Cryptocurrency faucet websites give you the opportunity to earn free digital tokens by completing tasks. There are many platforms in this space and the specific tasks that you are required to complete will vary from one site to the next. For example, some crypto faucet platforms require you to complete captchas.

This is something that can be achieved by anyone – so no prior experience is needed. You then have crypto faucets that come in the form of a mobile app. These often require you to play newly launched games and when you complete certain milestones, you will earn free crypto.

However, it is important to note that the rewards on offer at crypto faucet platforms are minute. In fact, in most cases, each task that you complete will barely yield a few cents worth of crypto. Nonetheless, you are not required to deposit any money, so crypto faucets allow you to earn rewards in a risk-free manner.

10. Airdrops – Cryptocurrency Tokens Deposited Into Your Wallet for Free

In a similar nature to faucets, airdrops allow you to earn free cryptocurrency tokens without needing to deposit or spend any money. The main concept here is that some newly launched projects will distribute their native tokens directly into people’s wallets as a means to enter the cryptocurrency into circulation.

This is as opposed to a conventional presale and fair launch directly onto a cryptocurrency exchange. And as such, the project will not raise any funds when they initiate an airdrop. Although this might sound too good to be true, there are numerous examples of airdrops that have since gone on to become multi-billion dollar projects.

A prime example of this is Bitcoin Cash – when this digital currency was launched in 2017, it airdropped its BCH tokens to all wallet addresses possessing Bitcoin. This was done on a 1:1 basis – meaning that for every 1 Bitcoin owned, you would have received 1 Bitcoin Cash.

In another example, popular cryptocurrency Stellar has airdropped millions of dollars of Lumens tokens since the project was launched in 2014. On the other hand, you do need to tread with caution when receiving an airdropped token. This is because scammers will often create and distribute a worthless token to random wallet addresses with pump and dump intentions.

Three of our top crypto presale projects are also running six-figure giveaways for completing various tasks on social media:

• Meta Masters Guild – One winner gets $100,000 worth $MEMAG tokens.
• Fight Out – One winner gets $250,000.
• Calvaria – Three winners get a share of $100,000 RIA tokens.

Best Platforms for Trading & Investing in Crypto

So now that we have discussed the 10 best ways to make money with cryptocurrency – now we need to discuss suitable platforms that you might consider for this purpose.

To save you countless hours of research, the best platforms to make money from crypto are reviewed in the sections below.

eToro – Best Crypto Trading Platform

We briefly mentioned eToro earlier and for good reason. Put simply, eToro is the overall best platform to invest in and trade cryptocurrencies. Crucially, irrespective of whether you are looking to HODL cryptocurrency over many years or engage in a short-term day trading strategy – eToro has you covered. 

First and foremost, this platform is heavily regulated – so you can engage with the cryptocurrency markets safely. This includes approval with regulators in the US, UK, Cyprus, and Australia. eToro offers nearly 60 leading cryptocurrencies to its 25 million+ registered users – so you can easily diversify. 

Some of the most traded cryptocurrencies on the eToro website include Bitcoin, Ethereum, XRP, Dogecoin, Shiba Inu, BNB, and Cardano. And, we like the fact that the minimum trade size is just $10 – you can attempt to make money from cryptocurrency without needing to risk large sums of capital.     

The minimum deposit for US clients is also set at $10, so this will suit those of you on a budget. We also mentioned earlier that eToro supports crypto staking. Unlike other staking platforms in this space, eToro does not require you to lock your tokens away for a minimum number of days or weeks. Instead, you can withdraw your tokens at any given time.

eToro also allows you to make money from cryptocurrency in a 100% passive nature across two leading products. First, you can invest money into a smart portfolio that is managed by eToro. There are many portfolios that focus on cryptocurrency and your basket of digital assets will be rebalanced and maintained on your behalf.

Second, if you like the idea of crypto day trading but don’t have the required time or knowledge, eToro enables you to copy the positions of an experienced investor like-for-like. You can access the eToro platform online or via its leading crypto app. Either way, eToro allows US clients to deposit funds fee-free via a debit/credit card, e-wallet, or bank transfer.

What We Like:

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Aqru – Best for Crypto Staking, Interest, and Lending

If you like the sound of earning passive income, Aqru is the overall best platform to make money with cryptocurrency for this purpose. As we noted earlier, Aqru is a trusted crypto lending site that offers some of the most competitive APYs in this space.

To reiterate, you will earn an APY of 7% on Bitcoin and Ethereum. If you’re seeking even higher gains, Aqru offers an APY of 12% on stablecoins. As of writing, this includes DAI, Tether, and USD Coin. In addition to high yields, Aqru stands out in this marketplace because all of its savings accounts are flexible.

This means that you can request to withdraw your cryptocurrency tokens whenever you wish. We also like the fact that your interest payments are credited into your Aqru account on daily basis. You can then reinvest these payments back into an Aqru savings account to benefit from compound interest.

When it comes to getting started with Aqru, you have the option of depositing digital tokens directly into the platform. Or, if you don’t have any cryptocurrency to hand, you can also fund your account in USD, EUR, or GBP. Supported payment methods include bank transfers and debit/credit cards.

What We Like:

Another possible option when looking to make money with crypto is to invest in one of the best crypto VC firms such as Block Media Labs.

Conclusion

This guide on how to make money with cryptocurrency has discussed 10 proven methods to consider in 2023. Some of the best methods that we came across include cryptocurrency savings accounts, play-to-earn games, yield farming, staking, and a long-term HODLing investment strategy.

However, the overall best way to make money from cryptocurrency is to invest in promising digital assets that are still at the very start of their road map journey.

For example, Meta Masters Guild ($MEMAG) and Fight Out ($FGHT) are new cryptocurrency presales that are currently available to buy on presale, with presales typically offering much more potential and room for growth than more well-established projects as they have low entry points. Meta Masters Guild focuses on creating fun-filled web 3.0 games while eliminating blockchain-related technicalities. Buyers can currently grab the $MEMAG tokens for a discount on its presale page at only $0.01 USDT per token.

Meta Masters Guild - Next Big Crypto Game

Our Rating

• Backed by Leading Game Studios
• Early Round Presale Live Now
• Low Hard Cap, No Vesting
• Playable NFTs, Rewards, Staking
• Solid Proof & CoinSniper Audited

Learn More

FAQs on Making Money with Cryptocurrency

How do I make money with cryptocurrency?

If you’re wondering how to make money on cryptocurrency, there are many methods to consider. In addition to investing in and trading digital currencies like Bitcoin, you can also generate gains via staking, interest accounts, yield farming, faucets, airdrops, play-to-earn games, and much more.       

What is the best way to make money off crypto in 2023?

Perhaps the best way to make money off crypto right now is to invest in newly launched projects. Meta Masters Guild is one of the best crypto presales which is available to buy for only $0.01 per token. $MEMAG allows users to earn exciting rewards while playing fun web 3.0 games. 

Can you make money from mining crypto?

Making money from Bitcoin mining specifically is no longer possible without investing significant amounts of money in specialist hardware and ongoing electricity consumption. You can, however, either join a Bitcoin mining pool or simply mine a less competitive cryptocurrency.         

  This article was written for Business 2 Community by Kane Pepi.
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Author: Kane Pepi

Kane Pepi is an experienced financial and cryptocurrency writer with over 2,000+ published articles, guides, and market insights in the public domain. Expert niche subjects include asset valuation and analysis, portfolio management, and the prevention of financial crime. Kane is particularly skilled in explaining complex financial topics in a user-friendly …

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