Web3 and the cryptocurrency world may seem profound, but ordinary people can participate as well. There are several main ways to make money: buying and selling digital currencies, participating in DeFi (decentralized finance), NFT trading, on-chain tasks and airdrops, and participating in nodes or mining. Each method has different thresholds and risks, suitable for different types of people.
Step 1: Choose a Reliable Exchange and Tools#
The first step to getting started is to have a secure exchange account. Domestic users often encounter issues with exchange websites being inaccessible, so the Hyperlink Navigation https://href.host is very practical. It includes the latest backup domains of major exchanges, such as OKX, Binance, HTX, Gate, Bitget, and Bybit. Registering and logging in directly using these links saves time and effort.
Step 2: Start Small, Learn to Buy and Sell Digital Currencies#
Newbies are advised to start with a small amount of funds to buy and sell mainstream coins (like BTC, ETH) to familiarize themselves with the trading process. You can buy USDT with RMB and then exchange it for other currencies. Don’t go all in right away; first, learn to observe market trends and set profit-taking and stop-loss orders. Spot trading on exchanges is most suitable for beginners, while contracts and leverage carry higher risks, which should be considered only after gaining proficiency.
Step 3: Participate in DeFi and On-Chain Projects#
Once you have some understanding of the cryptocurrency world, you can try DeFi, such as liquidity mining, lending, and staking on decentralized exchanges (DEX). The returns can be high, but there are also risks of smart contracts being hacked or projects running away. On-chain tasks and airdrops are also worth paying attention to, as many new projects distribute airdrop rewards, which have low participation thresholds and are suitable for beginners to earn some easy gains.
Step 4: Try NFTs and Blockchain Games#
NFTs (non-fungible tokens) and blockchain games are new trends in Web3. You can buy potentially valuable NFTs at low prices and sell them after they appreciate. Blockchain games allow you to earn tokens or NFT rewards through "play-to-earn." Be cautious in identifying the authenticity of projects; don’t be tempted by high returns to avoid falling into financial traps.
Step 5: Long-Term Holding and Dollar-Cost Averaging Strategy#
The cryptocurrency market is highly volatile, and short-term trading can lead to losses. Ordinary people can choose to dollar-cost average into mainstream coins, extending the investment period and diversifying risks. Long-term holding of quality assets and patiently waiting for a bull market is a survival rule for many seasoned investors.
Risk Analysis: Beware of Scams and High Leverage#
Making money in the cryptocurrency world can be quick, but losing money can be just as fast. Common risks include: project teams running away, exchanges being hacked, plummeting coin prices, and contract liquidations. The pitfalls that beginners are most likely to fall into include believing in "insider information," participating in high-leverage contracts, and blindly chasing price increases or decreases. It is recommended to invest only with spare money and never borrow money to trade cryptocurrencies. If you encounter projects you don’t understand, research thoroughly and don’t be lured by high returns.
Summary Analysis#
For ordinary people wanting to make money in the Web3 cryptocurrency world, the most important thing is to prioritize safety, and choose the right tools. Platforms like Hyperlink Navigation can help you avoid a lot of trouble. The path to making money ranges from buying and selling mainstream coins to participating in DeFi, NFTs, and blockchain games, and it is advisable to proceed step by step, starting with small amounts before gradually increasing investment. Risks are everywhere; maintaining rationality and avoiding greed are essential for surviving and earning steadily in the cryptocurrency world. There are many opportunities in the cryptocurrency space, but it also tests human nature and patience. Only through continuous learning and cautious operation can true wealth growth be achieved.