Recently, we have noted how digital currencies disrupt the traditional finance world and how important it is to understand their impact in the coming years. For more details, refer to the blog post titled the ultimate cryptocurrency guide. Earnings from cryptocurrency can be highly volatile and speculative, but very easy and interesting at the same time, If you are fully equipped with knowledge and research, you can navigate the world of cryptocurrency trading and understand the risks. and caution involved in this technology. Knowledge, market analysis and emotional stability are key factors

Please refer to the below points for the top channels to learn about crypt

• Youtube
  Youtube is a free platform for teaching trading from beginner to pro level, but one should not get excited by the screenshots various YouTubers show, big losses are also part of it, so invest wisely, observe, and use YouTube if there is no budget and no specific mentor.

• Books
  Books can teach and improve your understanding, but they can’t provide practical knowledge based on real experiences.

• Community
  No matter how new or old you are in the cryptocurrency world, being a part of crypto communities can teach you many perspectives from many traders,

• Trading Courses
  Trading courses from people who are experts and have learned through experimenting is the best option for those who have heavy pockets because it can save you ample time and prevent unwanted and dangerous losses.

• Social Media
  An easy and quick way to learn and understand the latest happenings in this digital world is to be part of all the social media groups, including Quora, Facebook, Instagram, and WhatsApp., Many people share their thoughts and the latest trends over here, which is nothing but a sea of crypto knowledge.

Is cryptocurrency safe, or is it gambling?

Proper research and deep understanding are more appreciated than the wrong investments. Non-existing but digitally existing assets can go away from your hands in a day if you choose the wrong time and investment. Sometimes it feels like gambling, but other times earning millions without working is attractive.

Crypto friendly countries

Many countries are promoting the idea of decentralized, virtual money for the future, These countries are Switzerland, Malta, Singapore, Germany, Japan, Portugal, Canada, China, South Korea, Slovenia, El Salvador, Malaysia, Luxembourg, the United Arab Emirates, and Denmark.

Where Is Crypto Illegal

Nepal also banned crypto in September 2021, Afghanistan, Bangladesh, Morocco, Algeria, Egypt, Bolivia and China.

Methods of Earning from Crypto

Let’s learn a little bit about these earning ways from digital currencies

1. Investing
2. Lending
3. Trading
4. Mining
5. Staking
6. Traditional buy and hold
7. Play to earn crypto games

• Investing
  Any beginner who wants to enter this world must know that he or she can buy any verified currency listed on Binance.Most people want to invest in famous cryptocurrencies like Bitcoin, which is very expensive and considered a pioneer nowadays, rate of BTC is 8,615,603.58 PKR and 30,279.40 USD.Investors have many other options, like altcoins. Altcoins. On the other hand, investing in different currencies can diversify your portfolio and reduce the risk of losing money. Some altcoins have their own blockchain system, while others use pre-existing networks like BNB smart chains and Ethereum.

• Lending
  It is another way where you lend a certain amount of cryptocurrency to another person, it depends on the amount of interest and type of cryptocurrency you are lending to…There are three different types of lending platforms

1. 1.  Decentralized lending Platform (DLP)
   2.  Centralized Lending
   3.  Peer-to-peer lending

• Trading
  Trading is the most interesting way of earning because it involves short-term opportunities and entirely depends on your strong technical and analytical skills and vast knowledge. Unlike investing, we do not need to implement a buy-and-hold strategy. Different charts and market indicators are helpful to predict the price movements of cryptocurrencies.

• Mining
  Different miners get cryptocurrencies as a reward for mining through either specially designed hardware or cloud mining services. Mining can add new data blocks to the blockchain. Hardware mining involves the cost of maintenance, but cloud mining rewards are less than hardware mining.

• Staking
  When you keep a certain amount of coins of different types in your wallet, you earn interest by staking your investments.

• Traditional  buy and hold
  As the prices of digital currencies like Bitcoin, Ethereum, and Litecoin fall and rise on a daily basis, you can buy your desired currency at any time when prices are low, this is called Buying a dip, and you can sell it after months on a significant rising amount, and heavy profit will flip into your pocket

• Play to earn crypto games
  The good news for online gamers is that there are some games that let players invest their money to earn cryptocurrencies. The earned cryptocurrency will later become the player’s assets, which he or she can exchange for other digital coins. But beware of hackers and scammers, and keep your wallets safe from these illegal attacks.

Conclusion.

Earning through cryptocurrency is rewarding, and exciting for those who have a firm grip on crypto-related analytics. Many Pakistanis seek opportunities in the Western world, and legal crypto regulation is a major aspect that encourages them to do so. We have discussed ways of earning, and I hope you have realized and understood the pros and cons of the Crypto world.