Crypto community

Crypto faucet

A cryptocurrency faucet is a specialized service where registered users are paid a reward for completing simple tasks: ethers (Ethereum units), satoshi (Bitcoin “pennies”), dashtoshi (parts of a Dash coin), etc. You just need to complete the tasks correctly. Most cryptocurrency faucets are websites with some kind of advertising. The service charges a pre-specified amount for viewing it. After a certain number of coins have accumulated, the system allows them to be withdrawn to a cryptocurrency wallet.

To earn money on faucets, you need to create a cryptocurrency wallet and go through a simple registration. There are no difficulties. You can get a cryptocurrency address by creating a crypto wallet. The earned cryptocurrency can easily be exchanged for real money in online exchangers or on crypto exchanges.

Types of crypto faucets.

A very large variety of sites distributing crypto coins can be classified into two groups:

Discrete faucets – these services pay out earnings at certain time intervals.

Cumulative faucets – here you need to earn more than the threshold amount and only then place an order to withdraw money.

There are also other classification parameters:

Multi-currency or for one currency.

With automatic or manual stamps.

Countdown time – from 1 minute to 24 hours.

With withdrawal to a micropayment wallet or a regular wallet/exchange.

Also, many crypto faucets are equipped with additional functions, such as games, lotteries, offers, referral programs. All this helps to increase the final earnings. One example of a crypto faucet is freebitco.in

Trading on a crypto exchange for profit requires knowledge and skills that come after many months of practice. You need to be able to read charts, analyze them, and turn off emotions when trading. Many exchanges provide a demo account – an account with virtual money on it, where you can practice, try out new strategies. The principle of operation is similar to real trading, so it is strongly recommended that every beginner first try their hand in this way. This will help you understand the terminology and basic tools, after which you can move on to trading small real amounts.

Types of popular crypto exchanges.

Centralized Binance, Bybit, OKX, BingX, HTX, MEXC, KuCoin, Bitget, EXMO. The most convenient option for beginners, quite easy to learn, with loyal commissions. The main disadvantage can be called centralization, which carries increased risks for the integrity of funds. Decentralized Uniswap, DODO, 1inch, Pancake Swap. A more professional option for those who want to fully control their assets themselves, rather than send them to a centralized account. DEX operates on the basis of blockchain and smart contracts.

p2p Binance P2P, Bybit P2P, OKX P2P, Huobi P2P, Garantex. Peer-to-peer platforms where users trade directly with each other, exchanging cryptocurrency for fiat or vice versa. p2p platforms support a wide range of payment methods for different countries, but relatively few cryptocurrencies (only the most popular ones).

In addition to regular trading, the essence of which boils down to the principle of “buy cheaper – sell more expensive”, there are other varieties. For example, futures trading is a kind of bet on whether the rate will go up or down after a certain time. In this case, you can even make money on a fall in price.

Margin trading – this opportunity is now provided by almost all well-known crypto exchanges. This means that the platform provides users with leverage in an amount several times greater than the deposit amount. This way, you can significantly increase your profits (but the risks also increase).

Arbitrage is the benefit of exchange rate discrepancies between different exchanges. There are many trading platforms, with different liquidity and other factors, which can cause prices to differ slightly, which creates potential profits in arbitrage.