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Photo Credit: Aleksi Räisä@denarium_bitcoin

By: Kirill Bensonoff

>> This article is for informational purposes only and is not financial advice. The information does not constitute investment advice or an offer to invest.

Cryptocurrency has the same appeal that the stock market offers when it comes to “adrenaline junkies-turned-investors” looking to make money in a hyped-up space. For newcomers looking to purchase and invest in a long term coin holding, the initial entrance into the market can be intimidating and risky for those who don’t possess the technical knowledge needed to make a profit or make interest. There are, however, strategies that new crypto holders can utilize to ensure they don’t lose their funds when first testing the market’s waters, simultaneously allowing them to gain the experience and expertise needed to stay in the game for the long haul.

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Here are 7 ways to increase earnings with crypto holdings:

1 — Going all-in! (Buying & holding): It sounds just like it is; buy a good crypto coin that contains a single, fundamental use case, and hold onto it until it reaches a good market share. The longer you hold a coin, the more likely it will appreciate against the fiat pairs of USD, EUR and other national currencies. To go the extra mile, make sure the next coin you hold onto long term pays its returns in dividends. Coins that come with dividends don’t require staking and pay-up a fair share that’s worth the wait. Additionally, another useful way of earning money through cryptocurrencies is to buy and hold cryptocurrencies that pay you dividends. There are several cryptocurrencies including NEO, COSS and KuCoin that pay you a fair share just for holding them, while you’re not even required to stake them especially within a digital wallet.

2 — Keep that poker face strong (long-term investing): Long term investing with crypto is a safe and secure way to guarantee a lucrative return. For example, lending crypto assets to companies like Celsius, BlockFi and others, or investing in traditional asset classes, like real estate, or art. In addition, experts note how despite obvious fluctuations and challenges that present in digital currencies, it is worthwhile for investors to explore investing with crypto, however, with thinking about the long term outcome. According to experts “though these investments entail a high degree of risk, some may very well upend the digital world. It seems as though long-term investing in crypto may in fact have its merits afterall.”

3 — Tell a bad beat story! (Crypto arbitrage): Crypto arbitrage is the process of purchasing digital assets on one exchange and selling them on another. Individuals will often purchase a coin from one exchange that is being sold at a lower price in comparison to another exchange platform. Buying low and selling high is fairly common, and a simple way to increase your return on coins already being held. This strategy will typically result in a 5% to 40% profit essentially out of thin air.

4 — Draw a hand! (Lending cryptocurrencies): Crypto enthusiasts know very well that lending cryptocurrency represents a beneficial way to generate income. Owners of cryptocurrency can enjoy great profit margins due to the fact it is a digital currency and it provides users with higher interest rates. For example, P2P cryptocoin lending is simple and easy to do. To break it down, individuals choose the best lending platform for your needs, and decide which one of your tokens you would like to temporarily transfer ownership of. When the token is returned, you’ll see an estimated 12%-18% return on investment, most likely in the form of Bitcoins.

5 — Bring a buy-in! (Running masternodes): You must have a minimum number of coins in order to run a masternode, but think of this as a long term investment with a guaranteed profit. Simply put, a masternode is a crypto node or wallet that keeps a duplicate copy of its blockchain in real-time, and operates with the goal of performing particular tasks. When a task is completed by a user, networks pay the masternode owners. A great way to earn a significant return on your crypto holdings.

6 — Start a string bet! (Crypto faucets): Acting as a reward system that takes the form of websites or apps, faucets offer rewards in exchange for a minimal task. These tasks include solving captchas, playing games, clicking on ads, or watching videos. Each completed task results in a small amount of Bitcoin or an altcoin of choice.

7 — Start by slow-playing! (Staking crypto): When a crypto holder stakes a currency, they’re essentially keeping possession of a coin in a live wallet without actually using it. By doing this, new additional coins will be added as a reward for securing the blockchain network that the wallet was located on. Holding on to a good coin results in price appreciation, and eventually dividends, as another reward.

With time and practice, crypto holders who implement any of these investment strategies will gain the knowledge they need to succeed financially in the market, even when it’s fluctuating at an uncertain or volatile pace. At some point, making a little interest here, and turning a small profit there, will amount to something greater, and of course, pursuing deals with more confidence when getting involved in the crypto space is always a plus.

About the author:

Kirill Bensonoff is a serial entrepreneur with multi-million dollar exits in the technology industry. He has focused on building technology focused startups in the fintech, blockchain and enterprise IT verticals. As a graduate from the EO Entrepreneurial Masters at MIT, he has served as both an advisor and angel investor to over 30 different companies. Kirill has been published or quoted in national business and technology media, including Forbes, Inc., Huffington Post, Bitcoin Magazine, CoinTelegraph, The Street, Crowdfund Insider, Investing, Crypto Daily, Cointelligence, and Securities, among many others. Kirill is the chief product officer for the fintech-driven solutions offered by New Silver, a non-bank loan originator for real estate entrepreneurs; the host of The Exchange With KB podcast, a founding member of the Chain Reaction blockchain angel group, and he also runs the Blockchain+AI investment syndicate.

Disclaimer: Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This article is for informational purposes only, and is not financial advice. The information does not constitute investment advice or an offer to invest.

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Tokens hold ‘em! 7 Ways to Earn More Interest and Returns on Crypto Holdings was originally published in Cryptocurrency Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.