How You Can Start Earning Crypto With CEX.IO

How You Can Start Earning Crypto With CEX.IO

CEX.IO, a top cryptocurrency exchange in the space, has made a list of four different ways you as a user and trader can monetize with crypto. A lot of times, traders tend to focus on in on aspect of trading or the market and tend not to deviate much, so this gives users the opportunity to understand different aspects of the crypto space and try new things. There are four ways you can earn directly earn cryptocurrency by utilizing the CEX.IO platform, those four ways include:


• Buying and HODLing
• Trading
• Staking

• Referral Program


Most cryptotraders are aware of the “HODL” meme, which exemplifies a user who is extremely confident in their cryptocurrency project of choice and will not be selling anytime soon. As CEX.IO mentions, “holding cryptocurrencies with the idea of waiting until the price goes up is the simplest way to earn crypto”. Essentially, you buy low, sell high, and hold out as long as you believe that the fundamentals of the project you’re invested in have not reached the fair market value that the coin is currently trading at. This method only works if the fundamentals of the project are sound and useful over time. If you would like to use this method, you can buy crypto directly on CEX.IO with a debit card, credit card, or differing cryptocurrency.


The next method to earn crypto is by actively trading; this can be broken down into day trading or sentiment trading, but either way you are not directly tying your trades to the projects underlying fundamentals. Before getting involved with any form of active trading, make sure you develop an actionable plan you can reference so you do not get emotionally connected to your trades.


Another method you can use to monetize your crypto is by staking them, or delegating your coins as collateral in order to validate transactions and participate in the governance of the blockchain project you’re staking in. Traditionally, you either need to run a node or delegate your coins to a node in order to stake them, by CEX.IO makes it simple by automatically distributing your staking rewards for the cryptocurrencies you hold.
The final way to monetize is through an affiliate or referral program. Every time you get a friend, peer, or new user to sign up for a trading platform, you get to keep a part of their transactions fees as a commission.

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