How to Make Money with Cryptocurrency: A Comprehensive Guide

Brief Overview of the Cryptocurrency Market 

The history of the crypto market begins with the emergence of Bitcoin in 2009. In the first years, the coin remained a niche asset, but over time, it turned into digital gold and became the foundation of the entire industry. 

Following Bitcoin, other major projects appeared. Ethereum became a platform for smart contracts, paving the way for decentralized finance (DeFi) and NFT. Solana offered a fast and cheap alternative for blockchain application developers. Dogecoin, which started as a meme, has attracted investor attention thanks to the community and support from big names like Elon Musk. And Tether and other stablecoins have provided stability. 

Between 2024 and 2025, the cryptocurrency market reached a new milestone. Bitcoin broke the $100k mark, and institutional investors finally gained a foothold in the industry.  

Why Does Cryptocurrency Attract Investors? 

Before we consider the question of how to earn on cryptocurrency in Ukraine, let’s look at the pros of digital money: 

• High returns. Volatility opens up opportunities for significant profits. Quotes of digital tokens and coins can change by tens, hundreds, and even thousands of percent in a day. 
• Decentralization. Unlike fiat money, cryptocurrencies are not controlled by central banks or states, which ensures financial independence and transparency. 
• Accessibility and low barriers to entry. You can purchase crypto in just a few minutes using exchangers or exchanges. Unlike the stock market, there are no complicated requirements, and you can start with minimal capital. 
• Variety of ways to earn money. Investors can buy and hold coins in anticipation of growth and receive passive income through staking, farming, and participation in DeFi. 

Ways to Make Money on Cryptocurrency 

We have prepared a description of the key strategies that you can use to generate income in the crypto industry:  

Long-term investments 

This strategy involves buying assets for months or even years with the expectation of significant growth in their value. The approach is called HODL and is often used by investors who believe in the high potential of digital assets. 

The main advantage is the ability to minimize the impact of short-term rate fluctuations. For example, Bitcoin, despite periodic drops, has historically shown growth over the long term.  

Short-term trading 

This option is for those looking for how to make money from cryptocurrency quickly. In trading, trades are made within a short period — from a few minutes to a few days. 

Let’s examine popular trading strategies: 

• Scalping — quick trades on small exchange rate fluctuations, designed for instant profits. 
• Day trading — opening and closing positions within one day. 
• Swing trading — holding assets from several days to weeks in anticipation of a favorable rate movement.

The main tools a trader uses are technical analysis, indicators (e.g., Bollinger Bands, RSI), and news. Trading requires training and constant market monitoring. 

Staking and farming 

Investors looking for a way to make money with cryptocurrency from scratch often choose staking. It involves temporarily blocking coins on a wallet to keep the blockchain running. For this, stakers receive passive income. The rate can vary from 3% to 20%. This method is suitable for cryptocurrencies with the Proof-of-Stake (PoS) algorithm, such as Ethereum, Cardano, Solana, and others.

Farming is a method of making money in the DeFi sphere. Users provide liquidity to decentralized trading platforms (DEX) and receive a percentage of transaction fees for doing so. Farming involves higher risks as returns depend on token volatility, but it can be more lucrative than staking. 

Mining 

It is the process of mining new crypto coins using computing power. The essence of mining is that computers solve complex mathematical problems, confirming transactions and guaranteeing network security. As a reward for their work, participants receive new coins. This type of earning is possible in networks with the Proof-of-Work consensus algorithm, including Bitcoin, Litecoin, Dogecoin, and others.

There are several ways of mining: 

• Solo mining: the user mines cryptocurrency independently, using ASIC devices and video cards. 
• Mining pools: miners pool power to increase the chances of getting rewarded. 
• Cloud mining: investors rent capacity from specialized companies, saving on the purchase of devices. 

Copy trading 

Copy trading allows you to copy the trades of experienced traders automatically. It is a convenient way for beginners to make money on cryptocurrency, eliminating the need to analyze the market independently. Platforms like Bybit and Binance offer copy-trading features with the ability to track traders’ results. 

Participating in ICOs and IEOs 

Is it possible to make money from cryptocurrency with minimal investment? Yes, and one way is to invest in early-stage projects, when companies issue their tokens and sell them to investors before they go public. To earn income, you need to participate in one of the events: 

• ICO (Initial Coin Offering): conducted directly by the developers who offer tokens on their official websites. 
• IEO (Initial Exchange Offering): carried out through crypto exchanges, which carefully check and select projects. 

The cost of tokens on ICO and IEO is usually low, but after going on the exchange, it can grow dozens or even hundreds of times if the project is successful.  

P2P trading 

Peer-to-Peer or P2P trading involves the exchange of crypto without intermediaries. Transactions take place through special platforms that act as a guarantor of security. This type of trading allows traders to set their conditions: choose the exchange rate, payment methods, and counterparties. How to make money on crypto using P2P? The most popular methods are: 

• P2P arbitrage — buying crypto at a low price and selling it more expensively.  
• Bid creation — placing your ads with a favorable margin. 
• International arbitrage — earning on the difference in exchange rates between countries with different levels of access to cryptocurrencies. 

Airdrops, Play-to-Earn 

Airdrop is a free distribution of tokens to users for performing simple tasks: subscribing to the project’s social networks, registering on the platform, or participating in surveys. Airdrop can bring good earnings on cryptocurrency without investment. 

Play-to-Earn (P2E) are games where users earn cryptocurrency by completing tasks, creating content, or trading NFT. Among them are Axie Infinity, Pixels: Idle Farming Game, Shrapnel, and The Sandbox. This method is suitable for people who want to combine entertainment with earnings. It requires time investment and sometimes initial financial investment in game resources. 

Referral programs 

Many services, including ObmenAT24, offer referral programs with generous bonuses for attracting new users to their platforms. How does it work? You share your unique link, and if a new user registers using it and starts trading, you get a percentage of their transactions. To become a member of the ObmenAT24 referral program, you only need to create an account on our website.  

Risks Associated with Earning on Cryptocurrency 

Having considered the key ways of earning on cryptocurrency, let’s discuss the risks that can affect the financial result: 

• High volatility. Cryptocurrency exchange rates can change dramatically throughout the day, increasing the risk of loss. 
• Fraud. Fake ICOs, fake staking platforms, phishing sites, and airdrops are common in the crypto industry. Participation in shady projects can lead to data theft and loss of investment.  
• Asset Storage Risks. If an exchange is hacked, funds held in hot (online) wallets may be lost. Hardware (offline) wallets are more secure, but if you lose your private keys or recovery phrase, you won’t be able to access the assets. 
• Risks associated with P2P and copy trading. In P2P trading, you may encounter unscrupulous counterparties, and in copy trading, you can face unsuccessful strategies even from experienced traders. 
• Risks of mining and staking. Mining requires significant investment in equipment and electricity, and its profitability depends on the network complexity and coin price. Staking also carries risks due to possible network failures, falling token values, and freezing funds for long periods. 

Tips for Novice Investors 

We have prepared recommendations that will help “painlessly” enter the market and earn money on crypto: 

1. Learn how blockchain, exchanges, and basic market research tools work before buying digital assets. Analyze different types of cryptocurrency earnings and choose the one that fits your level of knowledge, financial capabilities, and risk tolerance.  
2. Start with small investments to get used to the market and understand its dynamics. 
3. Do not invest all your capital in one coin. Split your investments between different assets, such as Bitcoin, Ethereum, Stablecoins, and promising altcoins. 
4. Avoid obscure crypto platforms and check reviews before registering. Do not click suspicious links or trust strangers on the Internet offering “easy money.” 
5. For daily transactions, use hot vaults, but do not keep all your assets on them. For large sums of money, choose cold (offline) wallets to protect yourself from hacking. Never share sensitive data that gives access to vaults. 
6. Don’t make decisions based on emotions. It is crucial to be able to wait patiently and follow your strategy.  
7. Periodically evaluate your performance and adjust your investment approach if necessary. The market is changing, and you, as an investor, should constantly adapt to new conditions. 

Conclusion 

Cryptocurrencies offer many opportunities to make money, from long-term investing and trading to staking, mining, and participating in P2P trading. However, along with the profit potential, there are risks: high volatility, fraud, and lack of regulation. 

For a successful start, analyzing the market, choosing reliable instruments, and making a clear strategy are essential. Remember to diversify your capital and invest only those funds that will not critically affect your budget if you lose them.  

Want to buy cryptocurrency in Ukraine?
ObmenAT24 guarantees rapid transactions, favorable rates, anonymity, and security. Our offices are in all major cities in the country, and you can apply in 5 minutes through the website.