How to Get Rich Off Crypto: Methods to Make Money With Crypto

By Anthony Clarke

Last Updated: Jan 3, 2025

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The cryptocurrency market continues to evolve at a breakneck pace, often outperforming traditional equities in terms of returns. While the S&P 500 has provided steady growth for investors, the booming crypto market has delivered returns that have turned everyday individuals into millionaires.

This difference shows why so many people are looking for reliable methods to make money in crypto. For those who follow the right strategies and stay diligent, the chances of achieving significant financial success are remarkably high.

Unlike traditional stocks, which are often tied to established companies, cryptocurrencies represent a frontier of innovation. They provide opportunities to invest early in transformative technologies like blockchain, DeFi, and NFTs.

The top crypto strategies for 2025 involve leveraging these advancements while minimizing risks, making this article essential for anyone seeking to explore how to get rich off crypto.

What can you expect from this guide? We will break down proven methods to make money in crypto, looking into multiple strategies across different industries in the crypto space.

It doesn’t matter if you’re new to the crypto scene or a seasoned pro—there’s something here for everyone. We’ll cover everything from staking and trading to uncovering up-and-coming projects, giving you the tools and insights you need to succeed as a crypto investor in 2025.

How to Get Rich Off Crypto: Summary

This guide lays out the exact steps you can take to learn how to get rich in crypto. We’ll walk you through how to make the most of the crypto market in 2025. Whether it’s investing in presale coins, staking, or trading, we’ll show you strategies that can help you grow your money.

How to Get Rich Off Crypto

You’ll also learn why spreading your investments across areas like DeFi and NFTs is smart and how to stay safe while doing it. From presale coins to long-term strategies, there’s no shortage of ways to explore how to get rich in crypto

Whether you’re new to crypto or have been around for a while, this guide will give you straightforward tips to help you succeed.

Key Highlights

  • Get in Early: Investing in presale crypto coins gives you the chance to buy tokens at a discount, which could lead to big returns as projects grow.
  • Proven Strategies: Staking, trading, and holding are all ways to make money with crypto, depending on your goals and risk tolerance.
  • Inspiring Stories: People like Glauber Contessoto (Dogecoin Millionaire) and Ansem (early Solana investor) show how the right moves can lead to life-changing wealth.
  • Spread Your Bets: Diversify by investing in well-established coins like Bitcoin and Ethereum, along with up-and-coming technologies like DeFi and NFTs.
  • Ride the Waves: Crypto is volatile, so being prepared for market swings and staying calm during dips is key to long-term success.
  • Stay in the Loop: Keep up with trends using platforms like CoinGecko and X (formerly Twitter), and look for new opportunities early.
  • Protect Your Investments: Use hardware wallets, avoid scams, and always research projects before committing your money.

Proven Ways to Get Rich off Crypto In 2025

Cryptocurrency has completely changed how people think about investing. It’s created life-changing opportunities for financial freedom and continues to be one of the most exciting ways to build wealth. As we dive into 2025, crypto stands out as a market full of possibilities.

With the right strategies and a clear understanding of how it works, making significant profits isn’t just a dream—it’s something you can achieve. This section focuses on real strategies that show how to get rich in crypto without unnecessary risks.

Whether you’re new to the game or have been involved for years, these methods are designed to help you make smarter choices and take advantage of what 2025 has to offer.

Pro Tip: While the crypto market makes it possible for investors to make huge gains, there are still risks you should be aware of. FINRA points out in its guide on crypto asset risks that market ups and downs, along with shifting regulations, are big challenges for investors. To stay ahead, it’s important to diversify your investments and use secure wallets to keep your assets safe.

Similarly, the Illinois CPA Society reminds us in its article on cryptocurrency risks and rewards that while the potential for big returns is exciting, it comes with risks like unpredictable price swings and tech issues. Striking a balance between these is key.

SCORE.org also highlights the importance of managing market swings in its guide on crypto price volatility. By understanding what drives these fluctuations, investors can make smarter moves and reduce the chances of heavy losses.

With that said, with the right mindset and a steady plan, crypto can be a great way to grow your money.

Investing in Presale Crypto Coins

If you’ve been wondering how to get rich in crypto, presales let you invest before a project takes off, often at a lower price. During a presale, you can buy tokens at a discounted price before they officially launch. If the project takes off, your early investment can lead to impressive returns.

Methods to Get Rich With Crypto
Source: Shutterstock

Presales are often tied to projects with big ideas, like solving real-world problems or introducing new technologies. By investing early, you not only give yourself a chance to earn big, but you also support the growth of these exciting ventures.

Being part of something at the beginning is not just rewarding financially—it’s also a chance to contribute to shaping the future of crypto.

That said, not every presale is a good deal. Doing your homework is key. Look into the team behind the project, what problems they’re solving, and whether there’s real demand for their solution. Taking the time to research can be the difference between hitting it big and losing out.

Luckily, we’ve done some of that work for you, and we have a list of the best crypto presales below.

Best Crypto Presales to Invest in 2025

In this section, we’ll spotlight the top presale opportunities for 2025. These aren’t just random picks—they’re carefully chosen projects with strong teams, unique ideas, and a real chance to make an impact.

No matter if you’ve been investing for years or are just getting your feet wet, these presales could help you achieve impressive returns while being part of the next big thing in crypto.

1. Wall Street Pepe

Wall Street Pepe (WEPE) is a fun, meme-inspired cryptocurrency that blends the iconic “Pepe the Frog” meme with themes from the world of finance. Launched in late 2024, it aims to support retail investors by offering trading insights and fostering a collaborative community around meme coin trading.

Wall Street Pepe Presale
Source: Wall Street Pepe

Wall Street Pepe Features

  • Exclusive Trading Insights: WEPE holders get access to premium trading signals, strategies, and alpha calls to help them navigate the unpredictable meme coin market.
  • Community Engagement: Joining the “WEPE Army” gives holders a space to share ideas, discuss trends, and collaborate on trading strategies in a private, members-only group.
  • Staking Rewards: WEPE includes a staking mechanism with dynamic annual percentage yields (APY), rewarding holders who commit to the long term.
  • Trading Competitions: Weekly trading contests keep things exciting, with successful participants earning extra WEPE tokens.

Wall Street Pepe Pros and Cons

Pros:

  • Empowers Retail Investors: WEPE’s trading insights help smaller investors compete in the meme coin space.
  • Strong Community Focus: A vibrant community enhances the trading experience and encourages collaboration.
  • Attractive Staking Rewards: Generous APYs reward early and committed investors.

Cons:

  • High Volatility: Meme coins are known for their unpredictable price swings, which could mean substantial risk.
  • New Project Uncertainty: As a newcomer, WEPE’s long-term success remains to be seen.

Why it could be a good investment

Wall Street Pepe offers several reasons why it might be worth considering as an investment. First, getting in early during the presale means you can buy WEPE tokens at a lower price, which could lead to bigger returns if the project takes off. For those looking for passive income, the staking program is a major draw, with high APYs that reward holders for staying invested long-term.

Another big advantage is the strength of the WEPE community. A vibrant, engaged group of supporters can drive demand for the token and help boost its value over time. Finally, WEPE’s focus on empowering retail investors with trading insights and creating a collaborative environment sets it apart from other meme coins. This unique approach has the potential to attract a loyal and growing user base.

If you want to know more about how high this coin will go, check out Wall Street Pepe ($WEPE) Price Prediction 2025 – 2030

Visit Wall Street Pepe

2. Meme Index

Meme Index is a platform that simplifies investing in meme coins by grouping them into risk-based baskets. It’s designed to help investors diversify their portfolios while tailoring their investments to match their risk tolerance, making it easier to navigate the often chaotic meme coin market.

Meme Index Presales
Source: Meme Index

Meme Index Features

  • Risk-Based Baskets: Meme Index organizes meme coins into four categories: Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index. Each basket represents a different level of risk and market capitalization, offering options for various investor preferences.
  • Community Governance: MEMEX token holders get to vote on which meme coins are added or removed from each basket, ensuring decisions reflect the community’s collective sentiment.
  • Staking Rewards: By staking MEMEX tokens, users can earn rewards, creating a passive income stream and encouraging long-term involvement.
  • Decentralized Platform: Built on decentralized principles, Meme Index prioritizes transparency, security, and trust in all its transactions and staking activities.

Meme Index Pros and Cons

Pros:

  • Diversification Made Easy: The risk-based baskets allow investors to spread their investments, reducing the risks tied to putting money into a single meme coin.
  • Community-Driven Decisions: The governance model gives investors a sense of ownership and ensures decisions align with collective preferences.
  • Passive Income Potential: Staking MEMEX tokens is a straightforward way to earn rewards and grow your portfolio passively.

Cons:

  • High Market Volatility: Meme coins are notorious for their wild price swings, so even diversified investments can be risky.
  • Regulatory Risks: Changes in cryptocurrency regulations, especially for meme coins, could impact Meme Index’s operations or the value of MEMEX tokens.
  • Relies on Active Participation: For governance to work effectively, the platform needs consistent engagement from its community, which can be unpredictable.

Why it could be a good investment

Meme Index stands out by offering a structured way to invest in meme coins. With its risk-based baskets, it allows investors to align their portfolios with their risk appetite, which could lead to better outcomes compared to randomly picking individual tokens. The platform’s community governance model also ensures that decisions are made collaboratively, creating a sense of trust and ownership among users.

Staking MEMEX tokens adds an additional layer of appeal by offering passive income opportunities, incentivizing long-term commitment to the platform. This could help stabilize the ecosystem and support its growth over time.

That said, meme coin investments are inherently risky, and Meme Index isn’t immune to market volatility. It’s important to evaluate your own risk tolerance and do thorough research before jumping in.

Interested in this coin’s potential? Check out our guide for a closer look: Meme Index ($MEMEX) Price Prediction 2025 – 2030

Visit Meme Index

3. Best Wallet Token

Best Wallet Token (BEST) is the native token of the Best Wallet platform, a secure and user-friendly crypto wallet offering features like self-custody storage, token swaps, and staking rewards. It’s designed for anyone looking to manage their crypto with ease while also earning passive income.

Best Wallet Presale

Best Wallet Token Features

  • Self-Custody Security: You’re in full control of your crypto, with no need to trust a third party.
  • Easy Token Swaps: Swap between cryptocurrencies directly in the wallet without hassle.
  • Staking Rewards: Hold and stake BEST tokens to earn extra income over time.

Best Wallet Token Pros and Cons

Pros

  • High Security: Self-custody means you hold the keys, making it more secure.
  • Simple to Use: A wallet designed for beginners and experienced users alike.
  • Earn Rewards: Staking BEST tokens gives you a chance to grow your holdings passively.

Cons

  • Limited Presale Tokens: Only 4.5% of the total token supply was made available during the presale.
  • Price Volatility: Like most cryptocurrencies, BEST’s price can swing up and down.

Why it could be a good investment

Investing in Best Wallet’s ecosystem, particularly its $BEST token, could be a smart move for a few reasons. As the platform grows and introduces new features, it’s likely to attract more users and increase transaction volumes, which could boost the value of the $BEST token.

BEST shows a lot of promise, and the strong interest during its presale (raising over $2 million quickly) speaks to its potential. As the native token of Best Wallet, it benefits directly from the platform’s growth and popularity.

If you’re a fan of staking, holding $BEST tokens offers attractive rewards, making it a great option for earning passive income. Plus, early adoption could pay off, as getting in on the ground floor often comes with significant upside potential as the platform gains traction in the competitive crypto wallet market.

Long-term predictions suggest strong growth ahead, which makes this project an attractive choice for anyone looking to invest in something with real utility and genuine user demand. Speaking of predictions, we have a full breakdown of Best Wallet Tokens potential here: Best Wallet Token (BEST) Price Prediction 2025 – 2030

Visit Best Wallet Token Presale

4. Catslap

Catslap (SLAP) is a meme coin built on Ethereum, known for its entertaining browser-based game and impressive market momentum. Launched on November 21, 2024, Catslap combines humor with cryptocurrency, aiming to rival other meme coins by building a vibrant community and offering interactive features.

Catslap Presales
Source: CatSlap

Catslap Features

  • Slap Game: Catslap’s slap game lets users virtually “slap” characters like Pepe the Frog, with points tracked on a global leaderboard. This adds a fun, competitive element to the project and encourages community engagement.
  • Staking Rewards: SLAP holders can stake their tokens for at least 90 days to earn rewards, making it a great option for those who want to stay involved long-term.
  • Zero-Tax Tokenomics: Catslap uses a zero-tax model, meaning there are no additional fees on transactions. This is a big plus for traders and investors alike.
  • Community Rewards: A portion of the token supply is reserved for rewarding active participants, encouraging growth and engagement within the Catslap ecosystem.

Catslap Pros and Cons

Pros:

  • Strong Market Growth: Catslap has seen significant price increases and a growing holder base since its launch.
  • Fun and Interactive: The slap game and community rewards make the project more engaging and help it stand out from other meme coins.
  • Staking Benefits: Staking rewards encourage long-term holding, which can lead to more stability and sustained interest.

Cons:

  • Volatility: As a meme coin, SLAP is highly speculative and subject to large price swings.
  • Regulatory Challenges: Like many cryptocurrencies, Catslap faces potential hurdles from changing regulations.
  • Uncertain Longevity: Meme coins often depend on viral popularity and community interest, which can fade over time.

Why it could be a good investment

Catslap has several qualities that make it an intriguing investment opportunity. Being an early adopter can allow you to ride its growth wave as the project gains popularity. Its interactive features, like the slap game and community rewards, create a strong and engaged user base, which can positively impact the token’s value.

Additionally, the staking rewards make holding SLAP tokens more appealing for long-term investors. Check our Catslap ($SLAP) Price Prediction 2025 – 2030 to see this coin’s future price potential.

Visit Catslap

ICO Investing: How It Works

An Initial Coin Offering, or ICO, is a way for crypto projects to raise money by selling their tokens to early investors. It’s like a crowdfunding campaign but with cryptocurrency instead of traditional rewards or shares.

How ICO Investing Works

The project creates its token, often on platforms like Ethereum, and releases a whitepaper. This document explains what the project plans to achieve, how the token fits into its ecosystem, and how the funds will be used.

Investors buy these tokens during the ICO, usually using cryptocurrencies like Bitcoin or Ethereum. Once the sale ends, the tokens are often listed on crypto exchanges, where people can trade them.

If the project succeeds and grows in popularity, the value of the tokens could increase, potentially offering early investors significant returns. Of course, this isn’t guaranteed—some projects don’t succeed, and their tokens can lose value.

Over time, ICOs have evolved into other formats like IDOs (Initial DEX Offerings) and IEOs (Initial Exchange Offerings). IDOs take place on decentralized platforms, where the sale and trading happen immediately on a blockchain, making the process more transparent.

IEOs, on the other hand, are managed by centralized exchanges that vet the project and handle the token sale, offering a bit more security for investors.

Nowadays, people often refer to all these token sales—ICOs, IDOs, and IEOs—simply as “presales.” The term covers any early-stage token sale where investors can get in before the token is officially launched to the public. It’s a shift that reflects how the industry is maturing, with more structured and secure ways to raise funds.

Presales give investors a chance to get in early, often at lower prices. If the project does well, there’s potential for big gains. But it’s important to remember that this space is still high-risk.

Many projects don’t deliver on their promises, and the market can be unpredictable. Whether it’s an ICO, IDO, or IEO, the idea remains the same: investing early in a project’s potential while being aware of the risks involved.

How Does an ICO/Presale Work?

  1. Announcement and Whitepaper: The project kicks off by announcing the ICO and releasing a whitepaper. This document explains the project’s goals, how it works, tokenomics (how tokens are distributed and used), and what the funds will support.
  2. Token Creation and Pricing: Tokens are created, often on blockchain platforms like Ethereum. Some ICOs set a fixed price per token, while others use dynamic pricing, where the total funds raised influence the token price.
  3. Marketing and Promotion: To attract investors, the team promotes the ICO through social media, forums, and events, building hype and interest.
  4. Token Sale Period: During the sale, investors can buy tokens using cryptocurrencies like Bitcoin or Ethereum, and sometimes even fiat money. This phase usually has a set time limit.
  5. Development and Implementation: After raising funds, the team uses the capital to develop the project as promised in the whitepaper.
  6. Exchange Listing: Once the ICO is over, the tokens may get listed on crypto exchanges, allowing investors to trade them and provide liquidity.

ICO Investing Pros and Cons

Pros:

  • Early Access: Investors can buy tokens at a potentially lower price before they hit the market.
  • High Returns: If the project succeeds, early investments can generate significant profits.
  • Support for Innovation: Your investment helps fund cutting-edge technologies and platforms.

Cons:

  • High Risk: Many ICOs fail or don’t deliver on their promises, leading to losses.
  • Lack of Regulation: The ICO space is often unregulated, which increases the risk of scams.
  • Market Volatility: Token values can swing wildly, making returns unpredictable.

Crypto Long-Term Investing or HODLing

HODLing is perfect for anyone who wants to take a patient approach to figuring out how to get rich in crypto. HODLing (a misspelling of “hold”) is a strategy where investors buy cryptocurrencies and hold onto them for a long time, regardless of market ups and downs.

It’s based on the belief that crypto values, like Bitcoin, will grow significantly over time.

Fun Fact: HODL is a popular meme in the crypto space that started from a spelling mistake made by an early Bitcoin Investor on the bitcointalk forums.

Take Bitcoin, for example. Early adopters who held onto their investments through volatility have seen incredible returns. This strategy avoids the stress of short-term market movements and the risk of poorly timed trades.

HODLing also aligns with traditional investment principles: staying patient and focusing on long-term growth. By resisting the urge to sell during market dips, you’re better positioned to ride out volatility and benefit from long-term value appreciation.

For those confident in the future of cryptocurrencies, HODLing can be a straightforward way to build wealth without needing to actively trade. It’s simple, stress-reducing, and—if history is any indication—potentially very rewarding.

It’s not about timing the market—it’s about staying in it, which is a key principle in learning how to get rich in crypto.

Crypto HODLing: How It Works

HODLing your crypto is simple; you’ll need a secure place to store it. Many people use hot wallets, like mobile apps or web-based wallets, because they’re easy to access.

Crypto Long-Term Investing or HODLing

A mobile wallet lets you check your balance or make transactions directly from your phone, while a web wallet works through your browser, so you can log in from anywhere.

Since these wallets are always online, they can be more vulnerable to hacks. But don’t worry—good wallets come with extra security features like two-factor authentication and encryption to keep your funds safe.

If you’re holding onto a lot of crypto and want even more protection, you can always move it to a cold wallet. Cold wallets are offline, so they’re much harder for hackers to reach.

Below are our top three wallets for long-term crypto investors:

1. Best Wallet

Best Wallet is a non-custodial, multi-chain cryptocurrency wallet available on iOS and Android. It’s packed with features to suit both beginners and experienced crypto users, with a focus on security, user control, and seamless access to decentralized finance (DeFi) services.

Best Wallet
Source: Best Wallet

Best Wallet Features

  • Multi-Chain Support: Best Wallet supports over 60 blockchains, including Bitcoin, Ethereum, Solana, and Polygon, making it easy to manage a variety of cryptocurrencies in one app.
  • Self-Custody Security: You’re in full control of your crypto, with no need to trust a third party.
  • Integrated Decentralized Exchange (DEX): Swap cryptocurrencies directly within the app without relying on third-party exchanges. It’s fast, convenient, and reduces transaction times.
  • Staking Aggregator: Earn passive income by staking supported cryptocurrencies across multiple blockchains, all in one place.
  • Fiat On-Ramp/Off-Ramp: Buy and sell cryptocurrencies using fiat currencies through methods like credit/debit cards and bank transfers, making it easy to enter and exit the crypto market.
  • Portfolio Management: Track your assets in real time, including profit and loss metrics, to stay on top of your portfolio’s performance.
  • Enhanced Security Measures: With features like two-factor authentication (2FA), biometric verification, and encrypted private keys, your funds are kept secure.

Best Wallet Pros and Cons

Pros:

  • User Ownership: As a non-custodial wallet, you control your private keys and funds—no middleman is needed.
  • All-in-One Solution: DEX integration, staking, fiat gateways, and portfolio management make this a versatile tool for all crypto activities.
  • Multi-Chain Compatibility: Manage dozens of cryptocurrencies across various blockchains in a single app.
  • Earn Rewards: Staking BEST tokens gives you a chance to grow your holdings passively.

Cons:

  • Feature Rollouts: Some features are still under development and not yet available.
  • Mobile-Only Access: There’s no desktop version, which might be a downside for users who prefer managing their funds on a larger screen.
  • Limited Support: Customer service options are currently limited, with no live chat or phone support.

Best Wallet is one of the safest options for managing cryptocurrency, thanks to its non-custodial design. This means you have full control over your private keys and funds—no middleman involved. Unlike wallets on centralized exchanges, this setup eliminates the risk of losing your assets due to hacks or poor management by a third party.

On top of that, Best Wallet has essential security features like two-factor authentication (2FA) and biometric verification. These add an extra layer of protection, making sure only you can access your wallet, even if someone gets hold of your device.

Your private keys? They’re encrypted and stored directly on your device. This keeps them safe from online threats and unauthorized access. Even if your device is compromised, encryption has your back.

If you want to know more about this wallet, check out our Best Wallet Review.

Visit Best Wallet

2. Exodus

Exodus is a user-friendly, multi-platform cryptocurrency wallet that supports a wide range of digital assets. Designed with both beginners and experienced users in mind, it offers a seamless interface for managing, exchanging, and staking cryptocurrencies across desktop, mobile, and browser-based applications.

Exodus Wallet
Source: Exodus Wallet

Exodus Features

  • Wide Asset Support: Exodus supports over 300 cryptocurrencies, enabling users to handle diverse portfolios within a single wallet.
  • Integrated Exchange: A built-in exchange feature allows users to swap between cryptocurrencies directly within the app.
  • Staking Options: Users can stake select cryptocurrencies to earn rewards without leaving the wallet.
  • NFT Storage: The wallet supports non-fungible tokens (NFTs), allowing for centralized management of digital assets.
  • Cross-Platform Use: Available on desktop, mobile, and as a browser extension, Exodus ensures accessibility across multiple devices.
  • Hardware Wallet Integration: Exodus integrates with Trezor hardware wallets for those seeking enhanced security through cold storage.

Exodus Pros and Cons

Pros:

  • Easy to Use: The interface is clean and straightforward, making it great for beginners and experienced users alike.
  • All-in-One Management: Manage crypto, NFTs, and staking all in one wallet.
  • Convenient Features: The built-in exchange and staking options make it easy to trade and earn without switching platforms.

Cons:

  • Limited Security Features: Exodus doesn’t offer two-factor authentication or multi-signature support, which might be a concern for some users.
  • Not Fully Open Source: While parts of the wallet are open source, the entire code isn’t, which some users see as a transparency issue.
  • Exchange Costs: The integrated exchange is convenient, but the spreads can be higher than on external exchanges.

Exodus is a solid wallet choice for managing cryptocurrencies and NFTs with ease. It’s user-friendly, packed with features like staking and an integrated exchange, and works across multiple platforms.

However, users who prioritize advanced security features or complete code transparency might find some limitations. Overall, it’s a great option for those who value convenience and functionality.

Visit Exodus

3. Zengo

Zengo is a crypto wallet that focuses on making security simple and user-friendly. Unlike most wallets, it uses keyless technology, which eliminates the need for private keys while still keeping your funds secure. This makes it a standout choice, especially for beginners or those worried about losing access to their wallets.

Zengo Wallet
Source: Zengo Wallet

Zengo Features

  • Keyless Security: Zengo uses biometric encryption instead of private keys, reducing the risk of losing access to your wallet.
  • Multi-Asset Support: The wallet supports a wide range of cryptocurrencies, making it versatile for managing your portfolio.
  • Built-In Exchange: Swap cryptocurrencies directly in the app with a few taps.
  • Savings and Earning Options: Zengo offers opportunities to earn rewards by saving certain cryptocurrencies.
  • Cross-Platform Accessibility: The wallet is available on iOS and Android, so you can manage your crypto on the go.
  • 24/7 Customer Support: Zengo provides around-the-clock assistance, a rare feature in the crypto wallet space.

Zengo Pros and Cons

Pros:

  • User-Friendly Security: The keyless system makes it easy to secure your funds without worrying about managing private keys.
  • Simple Setup: Setting up Zengo is quick and doesn’t require advanced crypto knowledge.
  • Reliable Customer Support: With 24/7 support, help is always available if you run into issues.
  • Multi-Currency Support: Manage a variety of cryptocurrencies in one wallet.

Cons:

  • Limited Features for Advanced Users: Zengo is designed for simplicity, so advanced users may miss features like staking or custom transaction settings.
  • No Desktop Version: Zengo is mobile-only, which might be a downside for users who prefer managing crypto on a computer.
  • Exchange Fees: While the built-in exchange is convenient, fees may be higher compared to external platforms.

Zengo is a wallet that prioritizes ease of use and security, making it an excellent choice for beginners or anyone looking for a stress-free way to manage their crypto. The keyless technology is innovative and helps prevent the common issue of losing private keys.

However, advanced users might find it lacks some features they’re used to, and the mobile-only setup could be limiting for desktop users. Overall, Zengo strikes a great balance for those who want a secure, easy-to-navigate crypto wallet.

Here are our top picks by category:

Best Wallet
Type:
Hot Wallet + DEX
Exodus
Type:
Web wallet
Zengo
Type:
Mobile wallet & Exchange
Ellipal
Type:
Hardware Wallet
Trezor
Type:
Hardware wallet
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Crypto HODLing Pros and Cons

With the right setup, long-term HODLing can be a simple and effective way to grow your crypto investments over time.

Pros:

  • Long-Term Growth Potential: Cryptocurrencies with strong fundamentals often appreciate significantly over time, making HODLing a potentially lucrative strategy.
  • Lower Transaction Costs: Fewer trades mean fewer transaction fees, which helps preserve your investment.
  • Tax Benefits: In some places, long-term capital gains are taxed at lower rates than short-term profits, which can save money.
  • Peace of Mind: By avoiding the daily ups and downs of the market, HODLing can provide a less stressful investment experience, reducing the chance of rash decisions.

Cons:

  • Missed Opportunities: Holding through downturns can mean missing chances to invest in better-performing assets.
  • Price Volatility: Cryptos are notorious for wild price swings, and HODLers may face significant short-term losses.
  • Liquidity Issues: If you need cash quickly, selling during a dip could result in losses.
  • Regulation Risks: Governments may introduce laws or rules that negatively impact the value of held cryptocurrencies.

Crypto Mining

Crypto mining is the process that creates new cryptocurrency tokens and secures blockchain networks. It’s a cornerstone of many cryptocurrencies, especially those using Proof of Work (PoW) systems like Bitcoin.

How to make money with crypto mining

Miners use computational power to solve complex puzzles, validate transactions, and add new blocks to the blockchain. In return, they’re rewarded with cryptocurrency tokens.

Crypto Mining: How It Works

  1. Transaction Verification: Miners collect and verify transactions to ensure they’re legitimate.
  2. Building a Block: Validated transactions are grouped into a block, which connects to the previous one, forming a blockchain.
  3. Solving Complex Puzzles: Powerful computers solve mathematical puzzles to validate the block, a step that requires significant resources.
  4. Proof of Work Submission: The first miner to solve the puzzle shares their solution with the network for verification.
  5. Adding the Block: Once the Proof of Work is verified, the block is added to the blockchain, and the miner earns rewards in newly minted cryptocurrency and transaction fees.

For example, Bitcoin’s mining process runs roughly every 10 minutes, ensuring the network operates securely and transactions are consistently validated.

Crypto Mining Pros and Cons

Pros:

  • Potential for Profit: Mining offers rewards in cryptocurrency, allowing you to earn without directly buying coins.
  • Support for Decentralization: By mining, you’re helping maintain and secure blockchain networks, contributing to their decentralized structure.
  • Flexibility: Miners can choose which cryptocurrencies to mine, adapting to market trends to potentially boost profitability.

Cons:

  • High Startup Costs: Setting up a mining operation requires expensive hardware and infrastructure.
  • Energy Usage: Mining is energy-intensive, leading to high electricity bills and raising environmental concerns.
  • Market Instability: Crypto prices are volatile, which can impact mining profitability and make earnings unpredictable.

Crypto Staking or Yield Farming

Crypto staking is like putting your cryptocurrency to work by locking it in a wallet to support blockchain networks that use a system called Proof of Stake (PoS). When you stake your crypto, you’re helping the network validate transactions and stay secure, and in return, you earn rewards.

How to Make Money Staking Crypto
Source: Shutterstock

If you’ve ever wondered how to get rich in crypto passively, staking is one of the easiest and most reliable options. Yield farming, while riskier, can offer higher returns for those ready to explore how to get rich in crypto with a hands-on approach.

Yield farming, on the other hand, is a bit more hands-on. It involves depositing your cryptocurrency into liquidity pools on decentralized finance (DeFi) platforms. These pools help with things like trading or lending, and you earn rewards through interest, transaction fees, or platform tokens.

Yield farming can offer higher returns than staking, but it’s more complex and comes with risks like market volatility and potential issues with smart contracts.

Crypto Staking: How It Works

Staking involves locking up your cryptocurrency to help secure and validate transactions on a blockchain network. In return, you earn rewards.

  1. Choose a Cryptocurrency: Select one that operates on Proof of Stake (PoS) or Delegated Proof of Stake (DPoS).
  2. Buy Tokens: Purchase the required amount of tokens to participate.
  3. Set Up a Wallet: Transfer your tokens to a staking-compatible wallet.
  4. Stake or Delegate: Lock your tokens in the wallet or delegate them to a staking pool.
  5. Earn Rewards: Receive periodic rewards based on the amount you’ve staked and the network’s reward structure.

Crypto Staking Pros and Cons

Pros:

  • Passive Income: Earn rewards without actively trading.
  • Support for Networks: Stakers help secure blockchain networks, encouraging decentralization.
  • Lower Risk: Compared to yield farming, staking is generally safer, as it doesn’t rely on smart contracts that could be vulnerable to hacks.

Cons:

  • Limited Liquidity: Some protocols require you to lock your tokens for a set period, reducing flexibility.
  • Potential Penalties: Certain networks penalize validators for downtime or errors, which could result in losing funds.
  • Price Volatility: The value of your staked tokens can drop, affecting the overall value of your rewards.

Crypto NFT Investment

Investors can get involved in the NFT market by purchasing, holding, or trading non-fungible tokens (NFTs) to earn a profit. NFTs are unique digital assets stored on a blockchain, representing ownership of items such as digital art, music, videos, virtual real estate, and in-game collectibles.

How to Make Money Investing in NFTs
Source: Shutterstock

Unlike cryptocurrencies, which are interchangeable (fungible), each NFT is one of a kind and cannot be swapped on a one-to-one basis, making it “non-fungible.”

Crypto NFT Investment: How It Works

  • Browse Collections: Potential investors browse NFT collections on online marketplaces like OpenSean and Rarible, looking out for popular collections and NFTs with rare attributes.
  • Buying NFTs: Investors purchase NFTs often using cryptocurrencies like Ethereum.
  • Ownership Proof: Each NFT has a unique identifier tied to its buyer, ensuring verifiable ownership is recorded on the blockchain.
  • Value Growth: The value of an NFT can rise based on factors like rarity, creator reputation, and demand, offering potential resale profits.
  • Royalties for Creators: Many NFTs are designed to provide creators with royalties from resale transactions, creating ongoing revenue streams.

Crypto NFT Investment Pros and Cons

Pros:

  • Unique Ownership: NFTs offer secure, verifiable ownership of digital assets, appealing to collectors and investors.
  • Potential Profits: Early adopters of certain NFTs have seen significant returns as their value increased.
  • Support for Creators: Buying NFTs directly benefits creators by providing them with a new way to monetize their work.

Cons:

  • Price Volatility: The NFT market can be unpredictable, with prices swinging dramatically in short periods.
  • Limited Regulation: The lack of clear rules in the NFT space increases the risk of scams and fraudulent activities.
  • Limited Liquidity: Since each NFTs is unique, each one needs a specific buyer, and this increases the time it takes to sell, which can be a bad thing when prices are falling and you want to sell your NFT fast.

Higher Risk Ways to Get Rich Off Crypto

Let’s face it: everyone dreams of hitting it big in crypto, but not every method is guaranteed success. Some ways to earn are undeniably high-risk, and the chance of failure is just as high. This isn’t about discouraging you but about giving you a realistic picture.

Top Methods to Make Money From Crypto
Source: Shutterstock

If you’re up for the challenge, willing to take the risk, and ready to learn, let’s dive in. Just remember: this isn’t a one-way ticket to easy money—it’s a game of strategy, timing, and often a little luck.

Crypto Trading

Crypto trading is one of the most common ways people try to make it big in the world of cryptocurrency. The idea is simple: buy low, sell high. But in practice, it’s anything but straightforward.

The crypto market is like a rollercoaster on steroids—prices can swing wildly in a matter of minutes. While this volatility creates opportunities, it also makes trading incredibly risky.

See which strategy works for you, for example day trading isn’t for everyone, but it’s a powerful method for those curious about how to get rich in crypto through short-term opportunities.

On the other hand, swing trading allows you to explore how to get rich in crypto over weeks instead of days, making it more accessible to beginners.

Crypto Trading: How It Works

Crypto trading involves various methods and strategies.

Common Crypto Trading Strategies

  1. Day Trading
    • What It Is: Involves making multiple trades within a single day to profit from short-term price fluctuations.
    • Key Features: Relies on technical analysis, chart patterns, and quick decision-making.
    • Risks: High-risk approach due to rapid market changes. The U.S. SEC warns that most day traders incur large financial losses.
  2. Spot Trading
    • What It Is: Buying and selling actual cryptocurrencies for immediate delivery.
    • Key Features: Straightforward and involves owning the digital asset to profit from its appreciation.
    • Risks: Still requires an understanding of market trends and precise timing.
  3. Swing Trading
    • What It Is: Holding positions for days or weeks to benefit from anticipated market swings.
    • Key Features: Combines technical and fundamental analysis to predict price movements.
    • Risks: Requires patience and the ability to endure market volatility over a longer period.
  4. Leverage Trading (Margin Trading)
    • What It Is: Borrowing funds to increase position size, amplifying potential profits.
    • Key Features: Can magnify returns but also significantly increases risk.
    • Risks: Losses are equally amplified, and the SEC highlights the dangers of relying heavily on borrowed funds.

Crypto trading can be incredibly rewarding, but it’s also a minefield for the unprepared. To succeed, you’ll need a solid strategy, discipline, and the ability to accept losses along the way. Most importantly, never trade with money you can’t afford to lose. The market doesn’t care about your plans, so tread carefully and always, always do your research.

If you’re interested in crypto trading, below are some of our preferred trading platforms:

1. Margex

Margex is a cryptocurrency trading platform established in 2020, offering perpetual futures trading with up to 100x leverage. Known for its intuitive interface and advanced features, Margex caters to both beginner and experienced traders, providing a well-rounded trading experience.

Margex Crypto Exchange
Source: Margex

Margex Features

  • High Leverage Trading: Margex supports trading with leverage of up to 100x, enabling users to amplify their positions.
  • Perpetual Futures Contracts: Trade perpetual futures on popular cryptocurrencies like BTC, ETH, and even meme coins like PEPE and FLOKI.
  • User-Friendly Interface: The platform is designed for easy navigation, making it accessible to both new and experienced traders.
  • Copy Trading: Users can replicate the trades of successful traders, a great feature for those learning the ropes.
  • Staking Opportunities: Margex offers staking options with up to 5% APY, allowing users to earn passive income on their crypto holdings.

Margex Pros and Cons

Pros:

  • Competitive Fees: Margex charges low fees—0.019% for limit orders and 0.060% for market orders—making it cost-effective for traders.
  • No KYC Requirement: Users can start trading without a lengthy verification process, enabling faster account setup and privacy.
  • Strong Security: The platform uses multi-signature cold storage and real-time monitoring to safeguard user assets.

Cons:

  • Limited Cryptocurrency Options: Margex supports fewer cryptocurrencies than some other platforms, which may not meet the needs of all traders.
  • Restricted Access: Margex is unavailable in certain regions, including the United States, limiting its global reach.

Margex combines high-leverage trading, a user-friendly interface, and competitive fees to deliver a solid trading platform. With up to 100x leverage, traders can maximize potential profits, while features like copy trading and staking add versatility for users seeking more ways to engage with the market.

The absence of mandatory KYC enhances privacy and simplifies onboarding, making it attractive for those who prioritize convenience.

That said, the platform’s limited selection of cryptocurrencies and regional restrictions might be drawbacks for some users. Regardless, Margex is a strong option for traders looking for an efficient and secure platform to navigate the cryptocurrency market.

If you want to know more about this exchange, check out our Margex Review.

Visit Margex

2. MEXC

MEXC is a cryptocurrency exchange established in 2018, offering a wide range of trading services for both beginners and experienced traders. Known for its extensive selection of cryptocurrencies, competitive fees, and advanced trading tools, MEXC has positioned itself as a strong contender in the crypto trading space.

MEXC Crypto Exchange
Source: MEXC

MEXC Features

  • Extensive Cryptocurrency Options: With support for over 2,700 cryptocurrencies and more than 2,900 trading pairs, MEXC provides access to a broad range of digital assets, from popular coins to emerging projects.
  • Spot and Futures Trading: The platform supports spot trading and futures contracts, offering leverage of up to 200x for those looking to amplify their trades.
  • Zero Trading Fees: Traders benefit from 0% maker fees and low taker fees (0.02% for spot and 0.01% for futures), making MEXC a cost-effective choice.
  • Copy Trading: Newer traders can replicate the strategies of successful traders, an excellent learning tool while potentially earning profits.
  • Demo Trading: MEXC offers a risk-free demo trading environment, enabling users to practice strategies with virtual funds.

MEXC Pros and Cons

Pros:

  • Vast Cryptocurrency Selection: With over 2,700 assets, MEXC provides exceptional diversity for traders looking to explore both mainstream and niche markets.
  • Beginner-Friendly Interface: The platform’s clean design and intuitive layout make it easy to navigate, even for newcomers.
  • Advanced Trading Tools: Features like high-leverage futures trading, copy trading, and demo accounts cater to a variety of trading strategies and skill levels.
  • Low Fees: Zero maker fees and competitive taker fees enhance profitability for frequent traders.

Cons:

  • Limited Fiat Support: MEXC doesn’t support many fiat currencies, requiring users to use other platforms for fiat-to-crypto conversions.
  • Unavailable in the U.S.: The platform is restricted in the United States, limiting its accessibility to a significant market.

MEXC excels in offering an unparalleled selection of cryptocurrencies, making it ideal for traders looking to diversify their portfolios or explore lesser-known assets. The platform’s low trading fees and advanced features, such as futures trading with high leverage and copy trading, provide flexibility for a wide range of trading styles.

Its demo trading feature is particularly helpful for those who want to practice risk-free before committing funds.

However, the platform’s limited fiat support and U.S. restrictions may be drawbacks for some users. MEXC’s blend of accessibility, cost-effectiveness, and robust trading tools makes it a strong choice for those seeking a comprehensive cryptocurrency trading platform.

To dive deeper into this exchange, check out our detailed MEXC Review.

Visit MEXC

3. BingX

BingX, established in 2018, is a cryptocurrency exchange that has become popular for its wide range of trading services and user-friendly features. With a presence in over 100 countries and a user base of more than 10 million, BingX caters to both beginners and seasoned traders, offering tools and features to suit a variety of trading styles.

BingX Crypto Exchange
Source: BingX

BingX Features

  • Spot and Futures Trading: BingX supports trading in over 700 cryptocurrencies, offering both spot trading and futures contracts with leverage up to 125x.
  • Copy Trading: Beginners can replicate the trades of experienced traders using the platform’s copy trading feature, helping them learn while potentially earning profits.
  • Demo Trading: The demo trading feature allows users to practice strategies with virtual funds, providing a risk-free way to improve trading skills.
  • Diverse Asset Options: In addition to cryptocurrencies, BingX enables trading in commodities and forex markets, offering a broader range of investment opportunities.
  • User-Friendly Interface: The intuitive design makes it easy for traders of all levels to navigate and use the platform effectively.

BingX Pros and Cons

Pros:

  • Extensive Cryptocurrency Selection: With over 700 cryptocurrencies supported, BingX provides a diverse range of assets to trade.
  • Low Fees: Spot trading fees start at 0.1%, while futures fees are as low as 0.02% for makers and 0.05% for takers, making it cost-effective for active traders.
  • Strong Security: The platform emphasizes safety with 100% margin reserves verified by trusted organizations and partnerships with leading cybersecurity firms.
  • Global Reach: Operating in more than 100 countries, BingX is accessible to a wide audience.

Cons:

  • Limited Fiat Support: BingX doesn’t directly support fiat currency trading, requiring users to rely on third-party services for fiat-to-crypto conversions.
  • Regional Restrictions: The platform is unavailable in some regions, including the U.S., which limits its accessibility for certain users.

BingX offers a well-rounded trading platform with features like copy trading and demo accounts that cater to both learning traders and those with experience. Its competitive fees and extensive asset offerings provide ample opportunities for diversification and profitability.

The platform’s focus on security, through verified margin reserves and cybersecurity partnerships, ensures a safe trading environment.

While the lack of fiat support and regional restrictions might be drawbacks for some, BingX’s user-friendly design, global reach, and advanced tools make it a reliable and versatile choice for cryptocurrency trading.

For a complete breakdown of this platform, visit our BingX Review.

Visit BingX

Crypto Trading Pros and Cons

Pros

  • Big Earning Potential: Crypto markets are famously volatile. This means prices can shoot up quickly, creating opportunities to make big profits fast.
  • Always Open: Unlike stock markets with strict trading hours, crypto markets are open 24/7, so you can trade whenever it fits your schedule.
  • You’re in Control: Cryptocurrencies are decentralized, meaning no central bank or authority has control. This gives traders more freedom and autonomy.
  • Tons of Options: With thousands of cryptocurrencies to choose from, you can diversify and explore different investment opportunities beyond just Bitcoin or Ethereum.

Cons

  • Wild Price Swings: The same volatility that can lead to profits can just as easily cause significant losses. It’s not uncommon for prices to drop suddenly.
  • Unclear Rules: Regulations surrounding crypto are still evolving, and sudden changes could affect your trades or even the legality of certain activities.
  • Hacks and Scams: Cybersecurity is a big concern in the crypto world. Exchanges can be hacked, and if you’re not careful with your wallet, you could lose your funds.
  • Learning Curve: Understanding how cryptocurrencies work and developing trading strategies can feel overwhelming for beginners.

Crypto Sports Betting

Crypto sports betting is exactly what it sounds like—betting on sports using cryptocurrency instead of regular money. It’s growing in popularity because of its added perks like anonymity, quick transactions, and access to global betting markets.

How to make money from Crypto Sports Betting

Plus, the decentralized nature of crypto can make it easier to avoid restrictions in certain regions.

For sports fans with sharp instincts and solid knowledge, crypto sports betting can be a fun way to combine passion with profit. You can bet on anything from football matches to esports tournaments, and some platforms sweeten the deal with bonuses or promotions. But just like regular sports betting, it’s not without its risks.

Crypto Sports Betting: How It Works

Here’s how you can get started:

  1. Find a Platform: Look for a reputable site. For example, CoinPoker is known for its variety of sports and betting options.
  2. Sign Up: Create an account. Most crypto betting sites keep things simple—no long forms or intrusive details.
  3. Deposit Crypto: Add funds to your account using Bitcoin, Ethereum, or another cryptocurrency. It’s quick and usually low on fees.
  4. Place Your Bet: Choose the sport, pick the game, and decide on your wager. You can bet on match winners, scores, or even specific player performances.
  5. Try Live Betting: Some platforms let you bet during the game as the action unfolds, with constantly changing odds. It’s a dynamic way to get more involved in the excitement.
  6. Cash Out Winnings: If you win, your earnings are credited in crypto. You can withdraw them to your wallet whenever you want.

If you’re interested in getting into sports betting, we recommend CoinPoker. Let’s take a closer look at the platform and how it works.

CoinPoker

CoinPoker, launched in 2017, is a crypto-focused online poker platform that integrates blockchain technology to provide a secure, transparent, and decentralized gaming experience.

Using its native token, CHP, alongside major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), the platform aims to offer a unique twist on online poker for both casual and serious players.

Crypto Betting Site
Source: CoinPoker

CoinPoker Features

  • Cryptocurrency Integration: Supports multiple cryptocurrencies for deposits and withdrawals, including BTC, ETH, USDT, and CHP.
  • Decentralized Card Shuffling: Uses user-generated and verifiable shuffling mechanisms to ensure fair and transparent gameplay.
  • Rakeback Program: Offers 33% rakeback weekly, rewarding active players and enhancing player loyalty.
  • Welcome Bonus: New players receive a 100% bonus on their first deposit, boosting their starting bankroll.
  • Multi-Platform Support: Compatible with Windows, macOS, Android, and iOS, making it accessible across a variety of devices.

CoinPoker Pros and Cons

Pros:

  • Privacy-Focused: No extensive KYC requirements, allowing for anonymous gameplay.
  • Fast Transactions: Cryptocurrency deposits and withdrawals enable quick and seamless fund transfers.
  • Provably Fair Gaming: Blockchain technology ensures transparent and verifiable gameplay.
  • Global Accessibility: Open to players from many countries, fostering a diverse gaming community.

Cons:

  • No Fiat Support: Exclusively crypto-based, which may deter users who are unfamiliar with cryptocurrencies.
  • Regional Restrictions: It’s available in some countries due to regulatory issues that limit its reach.
  • Reliance on CHP Token: Some platform features require CHP, which may complicate usability for new users.

CoinPoker offers a unique blend of online poker and cryptocurrency, delivering transparency, privacy, and fairness through blockchain technology. Features like decentralized card shuffling and a provably fair system ensure trust in gameplay. The platform’s competitive rakeback program and welcome bonus make it particularly appealing for both new and experienced players.

While the lack of fiat support and regional restrictions may present challenges, CoinPoker’s focus on fast transactions, anonymity, and a global player base positions it as an innovative and reliable option for poker enthusiasts who appreciate the advantages of cryptocurrency.

If you want to know more about this casino, check out our CoinPoker Review.

Visit CoinPoker

Crypto Sports Betting Pros and Cons

Pros

  • Better Privacy: One of the biggest perks of using cryptocurrency is how little personal information is needed. You can bet without sharing too many details, giving you more control over your privacy.
  • Lightning-Fast Transactions: Tired of waiting for payments to clear? Crypto deposits and withdrawals are usually super quick, so you can access your funds almost instantly.
  • Lower Fees: Compared to traditional banking methods, crypto transactions often come with smaller fees, saving you money in the long run.
  • Open to Everyone: Crypto lets people from all over the world join the fun, even if their local banks or payment systems make it hard to participate in traditional sports betting.

Cons

  • Crypto’s Wild Price Swings: Your winnings (or losses) could be worth a lot less—or more—depending on the market’s mood that day. The value of crypto can change fast, which is something to keep in mind.
  • Murky Legal Waters: Some countries are cool with crypto sports betting, while others crack down hard. Make sure you know the rules where you live to avoid trouble.
  • Cybersecurity Concerns: While blockchain itself is secure, crypto wallets and betting platforms can still be targeted by hackers. And if a transaction goes wrong, there’s no undo button.
  • Fewer Platforms: Not every betting site accepts crypto yet, which means your options might be more limited than with regular payment methods.

It’s not just about knowing how to place bets; it’s about understanding the risks involved and taking steps to protect your funds. If you decide to give it a try, remember to start small, stay informed, and always bet responsibly.

Engaging in Play-to-Earn (P2E) Games

Play-to-Earn (P2E) games have completely changed how we think about gaming. Instead of just playing for fun, gamers can now earn real money or valuable digital assets while enjoying their favorite virtual worlds.

Play to earn gaming to earn money
Source: Shutterstock

Thanks to blockchain technology, P2E games let players truly own their in-game items and even monetize their time and skills. If you enjoy gaming, this might be the most entertaining way to explore how to get rich in crypto.

Earning Through P2E Games: How It Works

Here’s a quick look at how earning through P2E games typically works:

  • Getting started: Most P2E games require you to have a wallet and the native gas token of the network the game runs on (i.e., ETH for Ethereum-based games); players also need to connect their wallet to the game.
  • Collecting In-Game Assets: Players earn or acquire digital items, characters, or currencies, often as NFTs (non-fungible tokens). These can be sold or traded for real-world value.
  • Rewards for Gameplay: Whether it’s completing quests, winning battles, or hitting milestones, players earn rewards in the form of cryptocurrencies or NFTs.
  • Turning Rewards into Cash: Once you’ve built up your collection of assets, you can sell or trade them on marketplaces, converting your virtual efforts into real-world income.

Play-to-Earn Pros and Cons

Pros:

  • Earn While You Play: P2E games offer a chance to make real money, turning gaming into a side hustle—or even a full-time gig for some.
  • You Own Your Stuff: Unlike traditional games, P2E games let you truly own in-game items. You can trade, sell, or even keep them as collectibles.
  • Accessible Worldwide: These games open up earning opportunities to people everywhere, especially in places where traditional job options are limited.
  • Community Connections: Many P2E games have strong player communities, where gamers collaborate and share strategies to thrive in the game’s economy.

Cons:

  • Cost of Entry: Some P2E games require you to buy expensive in-game items upfront, which can be a barrier for new players.
  • Unstable Values: The prices of NFTs and cryptocurrencies can change quickly, making it hard to predict how much you’ll actually earn.
  • More Work, Less Fun: Focusing on earning can take away from the joy of gaming, making it feel more like a job.

P2E games offer a unique opportunity to blend fun and financial rewards, especially for players who enjoy exploring virtual economies. However, they come with challenges—like upfront costs and unpredictable markets.

Expert Tips for Getting Rich with Crypto

Investing in cryptocurrencies can be incredibly rewarding, but it’s not as simple as picking a coin and waiting for the price to skyrocket. Success often comes down to recognizing emerging opportunities early and being patient enough to let them unfold.

One of the best ways to get ahead in the crypto game is by learning to spot future trends. This isn’t about chasing the latest hype; it’s about seeing where the industry is heading and positioning yourself before everyone else catches on.

The key to finding future trends is understanding where the buzz is happening and where attention is building steadily.

You don’t have to be an insider or a tech expert; you just need to know where to look. Platforms like YouTube, Twitter, Reddit, and Telegram are goldmines for discovering what’s coming next.

Look out for crypto trends
Source: Shutterstock

Crypto influencers on YouTube often share deep dives into projects or sectors they believe are gaining traction. Watch their content, not just for what they say, but for patterns—are multiple influencers talking about the same niche? That could be a sign.

Twitter is where the crypto world seems to live in real time. Follow key figures, developers, and investors who have a track record of being early to trends. Pay attention to hashtags and trending discussions—it’s like having your finger on the market’s pulse.

But don’t just scroll passively; join the conversation. You’ll often learn even more by engaging with others who share their insights.

On Reddit, there are entire communities dedicated to crypto, like r/CryptoCurrency or r/Altcoin. These spaces can reveal a lot about emerging narratives. You’ll find deep discussions, project breakdowns, and opinions that are unfiltered by marketing.

People often share hidden gems here, but remember, it’s still the internet, so approach everything with a critical eye.

Telegram groups are where many project teams and communities gather. These chats can offer insider updates and a sense of how active and engaged a project’s followers are. If the community is vibrant and growing, it’s often a good sign. Just be wary of overly hyped groups that seem more focused on pumping prices than building value.

Platform Strategy Tools/Resources
YouTube Subscribe to reputable channels; engage with content; analyze trends YouTube subscriptions; comment sections
Twitter Follow key influencers; monitor hashtags; engage in conversations Twitter lists; hashtag tracking tools
Reddit Join relevant subreddits; participate actively; observe upvoted content Reddit subscriptions; Reddit Enhancement Suite
Telegram Groups Join official channels; participate in discussions; verify legitimacy Telegram app; official project links
News Outlets Follow reputable sources; set up alerts; cross-reference information News aggregator apps; RSS feeds; Google Alerts
Social Media Monitor discussion trends; analyze sentiment; identify influencers Social listening tools like LunarCrush, Santiment
Attention Track engagement metrics; identify growing communities; monitor searches Social media analytics tools; Google Trends
Slow Burner Look for consistent growth; assess development; evaluate community GitHub activity trackers; community forums; project roadmaps

By using these platforms and strategies step by step, you can spot new trends in the cryptocurrency market, especially ones with strong long-term potential.

This can also help you to make smarter decisions and avoid the risks tied to short-term market swings. The key is to notice when conversations start to shift. Where is attention building? Are people talking about a project or sector more frequently? Tools like Google Trends or social media analytics platforms can help you see what’s gaining momentum.

Diversify Your Portfolio

Building a cryptocurrency portfolio is all about finding the right balance. Diversification is a smart way to spread out your risks while giving yourself more chances for success. Think about investing in different parts of the crypto world.

Tips For Making Money in Crypto
Source: Shutterstock

For example, DeFi projects like Aave or Compound are shaking up the financial industry, while DeSci projects are changing how scientific research is funded and shared.

AI-powered blockchain platforms, like SingularityNET, mix the power of artificial intelligence with the security of decentralized networks. On the other hand, blue-chip cryptocurrencies like Bitcoin and Ethereum offer a stable foundation for long-term growth.

You might also want to explore Layer 2 solutions, like Polygon and Optimism, which make transactions faster and cheaper. By diversifying into these areas, you’re not putting all your eggs in one basket, and you’re setting yourself up for a mix of stability and growth.

When it comes to crypto taxes, planning ahead can save you a lot of headaches (and money). Different countries have different rules, but generally, you’ll face taxes when you sell, trade, or earn cryptocurrency.

tax implications for crypto investors
Source: Shutterstock

Capital gains tax usually applies to profits from selling or trading crypto, while income tax is for things like staking rewards, mining, or getting paid in crypto. Tax rates vary based on your personal income and can range from 0-37%. You can find detailed information in our Crypto Taxes Explained: Crypto Tax Guide 2025

Here’s a simple breakdown to show how taxes might look:

Transaction Type Tax Category Example Rate
Selling Crypto for Cash Capital Gains Tax 20%
Trading One Crypto for Another Capital Gains Tax 20%
Staking or Mining Rewards Income Tax 25% – 35%

To make tax time easier, keep detailed records of your transactions, like dates, amounts, and how much they were worth in your local currency. Tools like crypto tax software can help you organize everything and stay on top of your reporting.

Also, think about strategies like holding onto your crypto for longer to qualify for lower tax rates or offsetting gains with losses. These steps can make a big difference since managing risks and taxes is important for anyone serious about learning how to get rich in crypto.

Risk Management and Security

Crypto markets are known for their ups and downs, so it’s important to have a plan. Setting clear goals and using stop-loss orders can help you avoid big losses when the market takes a dip. Diversification, as we talked about earlier, is another key way to protect your investments.

Just as important is keeping your crypto safe. A hardware wallet, like Ledger or Trezor, is one of the best ways to secure your private keys because it keeps them offline. Don’t leave large amounts of crypto on exchanges—they’re a popular target for hackers.

Scammers often use social engineering to trick people into giving away their information. Here are some simple ways to protect yourself:

  • Double-check links and emails before clicking, even if they seem legit.
  • Turn on two-factor authentication (2FA) for all your accounts.
  • Use strong, unique passwords and consider a password manager.

Here’s a quick look at common threats and how to avoid them:

Threat What It Is How to Prevent It
Phishing Emails Fake emails pretending to be trustworthy Check sender details; avoid clicking on random links
SIM Swapping Taking over your phone number Use 2FA apps instead of SMS for authentication
Exchange Hacks Cyberattacks on crypto exchanges Use hardware wallets and split your crypto storage
Malware Harmful software targeting your crypto Keep antivirus updated; avoid sketchy downloads

Research and Stay Informed

Crypto is always changing, so staying up to date is important for crypto investors. Keeping an eye on market trends, new regulations, and technology advancements is a great way to help you make smarter investment choices. Following reliable sources and knowing where to look for accurate information can give you a huge advantage.

Here are some reliable sources to keep you informed:

Source Type Examples Why It’s Useful
News Websites 99Bitcoins, CoinGecko Daily updates on markets and industry trends
Analytics Platforms Glassnode, Messari Deep dives into data and performance
Community Forums Reddit (r/CryptoCurrency) Insights from other investors and enthusiasts
Social Media Twitter (Crypto Influencers) Quick news and perspectives from experts
Data Trackers CoinGecko, DefiLlama Price tracking, news, and portfolio management tools

It’s also a good idea to use portfolio tracking tools and blockchain explorers. These help you keep tabs on your assets, monitor performance, and double-check transactions. Combining these tools with daily research will keep you ahead of the curve.

For example, there are accounts on Twitter @whale_alert that post major transactions made by large crypto holders. You can take the wallet addresses and paste them into a block explorer, and use them to track these big players’ crypto assets.

whale alerts
Source: Twitter/X.com

CoinGecko also has a very useful categories page so investors can browse for cryptocurrencies based on their industry, narrative, or functionality, and there are over 515 crypto categories.

coingecko categories
Source: CoinGecko

Some of the cryptocurrency categories that you can browse on CoinGecko include:

The categories also include portfolios by VCs, so you can easily see where major investors are placing their money. Below is a screenshot showing the portfolio for Andreessen Horowitz (a16z).

coingecko categories - A16z portfolio
Source: CoinGecko

You can find other VC portfolios on CoinGecko, including:

  • Alameda Research Portfolio
  • Delphi Ventures Portfolio
  • Pantera Capital Portfolio
  • Binance Labs Portfolio

The better informed you are, the more confident you’ll feel about your investment decisions.

How to Get Rich With Crypto: Success Stories and Case Studies

Cryptocurrency has opened the door for everyday people to build life-changing wealth. Some started with small investments and took big risks, while others made their fortunes by spotting trends early and sticking to their plans.

Ansem: The Solana Advocate

Zion Thomas, better known as Ansem in the crypto world, is a great example of someone who got in early and stayed ahead of the curve. Back when Solana was trading for just $1.50, Ansem saw its potential and made a big bet. That decision paid off, turning his initial investment into a fortune worth over $20 million.

Today, Ansem shares his insights on social media, helping others learn how to research and understand blockchain projects. His story shows how doing your homework can lead to big rewards. He emphasizes understanding the technology and timing your investments carefully.

Javed Khan: From Bitcoin to Bentley

Javed Khan stumbled into crypto when he started using Bitcoin to transfer money. But he quickly realized its potential and began buying Bitcoin during market dips. With a careful and patient strategy, Khan turned his investments into enough profit to buy his dream car—a Bentley.

His story highlights the importance of timing and sticking to a plan, proving that even a casual start in crypto can lead to amazing results. His disciplined approach is a reminder that success often comes to those who stay consistent.

Glauber Contessoto: The Dogecoin Millionaire

Glauber Contessoto, also known as the “Dogecoin Millionaire,” went all-in on Dogecoin when it was trading at just $0.045. Investing his life savings of $180,000, Glauber believed in the coin’s potential and the power of its community. His gamble paid off in a huge way when Dogecoin’s value skyrocketed, making him a millionaire in just a few months.

Despite the ups and downs of the market, he held on to his investment, showing both confidence and resilience. His story is a reminder that sometimes, taking a calculated risk can pay off in life-changing ways. Glauber has since used his platform to advocate for the power of grassroots movements in the crypto space.

These examples aren’t just inspiring—they’re practical lessons on how to get rich in crypto by seizing opportunities early.

Conclusion: How to Make a Lot of Money With Crypto

To succeed in the crypto market, focus on identifying projects with solid fundamentals and long-term potential. Timing is crucial—early entry into innovative technologies or trends often yields the best returns.

Building a well-rounded portfolio that aligns with your risk tolerance ensures you’re prepared for market fluctuations. Most importantly, stay adaptable and continuously educate yourself, as the crypto landscape is dynamic and requires informed decisions to capitalize on opportunities effectively.

Learning how to get rich in crypto isn’t only about luck; it’s about making informed decisions and staying consistent.

Now that you know the basics, take your first step toward figuring out how to get rich in crypto—it’s all about starting!

Frequently Asked Questions

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References

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Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Anthony Clarke
Anthony Clarke
Crypto Writer

Anthony Clarke's crypto journey began in 2017, sparked by a discovery on Quora. After purchasing Bitcoin and Verge as his first cryptocurrencies, he developed a deep interest in the emerging world of blockchain technology. This led him to begin writing... Read More

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