How Can You Make Money From Cryptocurrency?

If you’re looking for how to make money from crypto in the most low-risk way, arbitrage is the best way to do it. Arbitrage is when you buy crypto at a low price on one exchange, move the crypto you bought to another exchange, and sell it there for a higher price. 

How to Get Started with Arbitrage

• Sign up on Quidax and another cryptocurrency exchange.
• Make sure that there’s a big enough difference between the prices on both exchanges for the crypto you want to buy.
• Buy the crypto on Quidax, then send it to the next exchange and sell it.
• Withdraw the money plus your profit to your bank account.
• Go back to Quidax, deposit again and buy the cryptocurrency again.
• Repeat the process until you’re satisfied.

Day trading is for people who want short term profits. Let’s say the price of a crypto is $1000 right now. A day trader could buy the crypto at $980, wait for it to hit $1000 and sell it, pocket $20 and repeat the process many times. Eventually the profit will stack up. 

How to Get Started with Day Trading 

• Download the Quidax app and Sign up
• Deposit Naira or crypto
• Choose the cryptocurrency you want and buy the amount you want to start day trading with
• Go to settings > price alerts and click on new alert
• Add the prices you want to set an alert for
• Sit back and chill until you’re ready to sell the crypto you bought

HODL means ‘Hold On for Dear Life’. In crypto, it means buying a cryptocurrency and believing in it so much that you hold it and refuse to sell even when the price goes down. If you’re not the type of person who has the energy to keep monitoring coins, HODLing might be the best option for you. 

How to Buy and HODL Crypto

• Sign up on Quidax
• Deposit and buy the crypto you want
• Hold it in a wallet on Quidax.

Pro Tip: Leaving it on an exchange allows you to sell it quickly if you need to.