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Welcome to the
Decentral Publishing Guide to
“Crypto Income Secrets”

You’re looking to get started investing in cryptocurrencies, or perhaps

you already own some.

But how do you make money off of them?

What can you do to create a crypto income that is not only reliable, but also
profitable?

There are a few different ways to make an income with crypto.

This eBook outlines three of the best methods for earning money through crypto:
trading, staking, and mining… and for a bonus crypto income strategy… lending.

We then wrap up with three specific cryptocurrencies to watch.

Sincerely,

-Michael Hearne

CEO, Decentral Publishing

Host, Uncensored Crypto

“Crypto Income Secrets” © 2023 Decentral Publishing

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Terms to know
Before we dive into crypto income secrets, here are some terms you should know:

Blockchain
Blockchain is the technology used by different cryptocurrencies. It is essentially a
public ledger of crypto transactions. These transactions are grouped together to
form blocks, which are linked together by unique codes. Each block includes its
own code and the code of the previous block in the chain. Even if just one small
part of the code is changed, it will ruin the entire chain of blocks. This makes
blockchain very secure and hard to hack.

Proof-of-work
Proof-of-work is the way some cryptocurrencies verify that their blockchain is
secure and working properly. It is closely tied to mining crypto and involves many
people in a decentralized system using their computers to solve complex
cryptography problems. When a computer successfully solves a problem, the miner
is rewarded with a certain amount of cryptocurrency for their work.

Fiat currency
Also known as hard money, this is any type of non-crypto money, such as the U.S.
dollar, Euro, Peso, etc.

Decentralized finance
This is a financial technology that uses a decentralized system for transactions. In
decentralized finance - or DeFi - intermediaries like banks or exchanges aren't
needed for the transaction. Instead, DeFi uses smart contracts on the blockchain to
perform financial transactions.

DeFi lending
DeFi lending works much the same way as regular lending in the traditional financial
world, except that it is decentralized, meaning there is no one institution or
company in control. It also serves as a way for crypto investors to make passive
income from their crypto by lending it out to institutional investors.

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Crypto trading and investing

You may have heard the terms crypto trading and investing used interchangeably.
However, they represent very different ways of earning a crypto income.

First, investing is a long-term strategy where you buy and hold crypto. You’re
looking more at the long-term outlook for the crypto’s valuation rather than the
daily fluctuations that often occur in the volatile crypto market.

On the other hand, trading crypto focuses more on the short term, with traders
looking to buy low and sell high, often within the same day. For this reason,
volatility can actually benefit traders. But this also involves keeping a close eye on
the market’s movements every day.

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How do trading and investing in crypto work?

While the crypto market itself is entirely different from the stock market, the
strategies and tactics investors use to trade and invest are similar.

First, you’ll need to decide if you will trade your crypto on a crypto exchange or use
a cryptocurrency CFD (contract for differences).

With an exchange, you are trading the actual crypto that you own. With a CFD, you
do not own any actual cryptos. Instead, you work with a CFD broker to earn a profit
based on how you think the valuation for that crypto will change over time.

For example, say you open a position in a certain cryptocurrency. You will earn
money if the value of that crypto increases between the time that you open and
close your position. But if the value decreases, you will lose money.

Centralized crypto exchanges are a popular option for trading because of how
simple it is to open an account and get started. With a centralized exchange, you
actually own the cryptocurrency that you’re trading or investing, but the exchange
maintains custody of your assets, with the risks that entails.

Centralized exchange platforms are similar to traditional stock exchanges, where

the platform facilitates transactions between buyers and sellers. You can either
trade one type of cryptocurrency for another, or exchange it for fiat currency.

Decentralized exchanges are similar in that you can buy, sell, and trade crypto
assets, however, unlike centralized exchanges, you maintain custody of your digital
assets. This removes the risk that the centralized platform will be mismanaged (like
we saw with FTX), or that the exchange will feeze your assets should they decide
you are persona non grata.

The added risk of decentralized exchanges is that you are 100% responsible for any
mistakes you make. If you lose your keys, send assets to the wrong wallet address,
or fall for a scam, there is no one there to take the heat for you. In other words, the
increase in freedom comes with an increase in responsibility.

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Strategies and plans for trading crypto

Next, you’ll need to come up with a plan for trading or investing your crypto. Your
strategy for earning a crypto income will depend on your financial goals. There are
different types of strategies and techniques for crypto trading.

The main two techniques for trading crypto, fundamental analysis and technical
analysis, are also used for regular stocks.

Fundamental analysis looks at a variety of technical and non-technical factors to

determine what a cryptocurrency’s value is and whether it’s under or over-valued at
its current valuation. This allows the investor to make an informed decision about
whether or not to purchase that crypto. Technical analysis can help investors
determine whether a cryptocurrency is worth investing in based on its price
movement in the market over time.

Typically, traders and investors use a combination of both methods in their

strategies. These strategies can include:

● Scalping
● Day trading
● Swing trading
● Position trading
● Margin trading
● Crypto staking

What is crypto staking?

Crypto staking is a great choice for those who are new to cryptocurrency and
crypto trading.

Crypto staking allows you to earn rewards in the form of crypto for setting aside a
certain amount of your existing cryptocurrency. It’s similar to earning interest in a
savings account at a bank.

So, what does this mean? Well, not every type of cryptocurrency offers staking. The
ones that do offer it are using a type of blockchain validation called proof-of-stake.
This is an alternative to proof-of-work, which uses large amounts of electricity and
computer processing power.

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Proof-of-stake offers another solution for validating the blockchain and making
sure the system is working properly.

Staking your crypto works to validate the blockchain by letting users set aside some
of their crypto. The more crypto you set aside and the longer you have it set aside
for, the more likely your crypto will be selected to act as a validator for the
blockchain.

As a result, you receive some crypto as a reward for helping to make the blockchain
more secure and legitimate.

This is a great way to earn passive crypto income, though you usually need a certain
amount of crypto to participate. However, you can also join staking pools, which
often have a lower barrier to entry to get started.

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How can you start crypto mining?

Mining crypto sounds like a great way to earn a crypto income. After all, you are
earning crypto on your own through your work. However, there is much more to
crypto mining than it seems.

Mining is the process by which proof-of-work cryptocurrencies are created through

blockchain technology. Because there is no centralized authority controlling the
cryptocurrency or the blockchain technology used by that cryptocurrency, the
system instead depends on its users to make sure that the blockchain is functioning
properly and that the transactions running through the system are verified.

This process is called proof-of-work, and it involves thousands of people and

computers with strong processing power. Anyone in the world can participate.

These people are known as miners, and they’re essentially using software on their
computers to solve complex cryptography equations as they analyze the public
ledger of transactions that make up the blockchain.

Once the computer has solved the equation, the miner is rewarded for doing this
work with cryptocurrency. And the entire system benefits because the proof-of-
work done by the miners shows that the cryptocurrency is secure and trustworthy.

Is crypto mining right for you?

While anyone can technically become a crypto miner, it’s not as simple as it sounds.
It’s actually quite difficult to earn an income this way, especially if you’re new to
crypto.

This is because you will need a computer strong enough to handle the processing
power required to run the software and solve the equations. Simply using your
everyday laptop is not an option.

Not only that, but you will need to leave the computer on essentially 24/7, which
uses up a large amount of electricity. The cost of the electricity will offset how
much you earn from crypto mining.

It is possible for you to participate in a pool-based mining model or purchase cloud-

hosted hash power, which can help reduce costs to achieve enough computational
power to compete with large-scale miners.

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Both solo and pool-based mining comes with its own set of benefits and risks – by
researching and comparing different options available, miners can make an
informed decision on which best suits their needs.

Lending out your crypto to investors

Lastly, another way to earn a crypto income is through crypto lending. With this
method, you loan out your crypto to a borrower for an agreed-upon time and
interest rate.

The process of lending crypto involves opening an account with either a centralized
or decentralized lending platform, depositing your crypto, and then receiving
regular interest payments. Crypto lending is perfect for someone looking to invest
their crypto and receive a steady passive income as a result.

So, how exactly does lending work, and why might it be better than
trading?

Lending functions similar to a savings account with a bank. Except with crypto
lending, the interest rates can be much higher than with a traditional savings
account. This means you have the potential to earn a great passive income just by
setting it aside.

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You might want to consider lending your crypto if you have a certain type of coin
with a high value, but don’t want to sell it yet. If this is the case, you can lend out
that crypto to an investor, in exchange for interest payments in another type of
crypto, stablecoin, or even fiat currency. Once your loan term ends, you will get
your crypto back.

The borrower, for example a centralized finance institution like Celsius or BlockFi,
typically uses the money loaned to them to place bets on certain coins or make
their own trades. And because these firms can make large profits with these
actions, they can afford to pay you a larger interest rate.

How is crypto lending regulated?

There is currently no regulation surrounding how lending firms can use the money
they receive from loans; so, be sure to research and pick an institution with a good
reputation before lending your crypto. In addition, because the prices of crypto are
so volatile, consider looking for loan terms that factor in potential price changes, so
that the borrower doesn’t take all the profit in the event the value of your crypto
increases in the middle of your loan.

Also, it’s often recommended that beginners use centralized platforms at first.

So, what’s the best way to earn crypto

income?
Ultimately, the best way to earn crypto income will depend on your personal
financial goals.

> If you want to take less risk and earn passive income, then you might want
to look at crypto investing over the long term, including staking and lending
out your crypto.

> If you want to play a more active role in earning your income, then you can
explore crypto trading or even mining.

Whatever methods you choose to generate income with your cryptocurrency, be

sure to do your research beforehand and understand how the market works before
entering it.

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3 cryptocurrencies to watch
Before you go… we put together a shortlist of 3 of the over 500 cryptocurrencies on
the rise in the DeFi world that you may want to check out.

Aave (AAVE) - market cap: $1.3B

Aave (AAVE) allows borrowers to take out loans in a different

cryptocurrency than you deposited. Loans on Aave are
overcollateralized. This simply means you must deposit 120% of
the value you are looking to borrow. Borrowers who have crypto
and don't want to (or can't) sell are able to gain some liquidity in
a pinch through AAVE.

Avalanche (AVAX) - market cap: $6.5B

Avalanche (AVAX) was built to be the home of DeFi. And since

AVA Labs launched the protocol, it has played host to hundreds
of projects - including Aave - all of which make the most of the
faster, more efficient ecosystem. The smart contracts platform
for decentralized applications (aka dApps) is in a head-to-head
competition with Ethereum.

Chainlink (LINK) - market cap: $3.9B

Chainlink (LINK) brings off-chain data into smart contracts.

Chainlink is one of the major players in the data processing field,
allowing users to become node operators and earn revenue by
running critical data infrastructure. Chainlink powers a wide
range of decentralized Price Feed oracle networks, which
currently secure billions in value for DeFi applications like
Synthetix, Aave, Compound and more.

When you’re researching, you can check out the full list of DeFi cryptos ranked by
CoinMarketCap, too. While these 3 are gaining traction, there are dozens more
digital currencies with major potential to explode in the next year.

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ABOUT DECENTRAL PUBLISHING

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