How to Make Money With Crypto in 2024 

How to Make Money With Crypto in 2024 

Let’s look at how to make money with crypto in 2024. It’s no news that Cryptocurrency has changed the trajectory of finance in people’s lives as well as given a lot of people another way to make money. There are several methods to capitalize on Cryptocurrency, in this article we will share these ways of making the most of it in 2024. Get ready to read through and learn how to make money in a different way in 2024.

How to Make Money With Crypto in 2024 

1). Cryptocurrency Lending

In the world of Cryptocurrency as a digital asset, Cryptocurrency lending is a rapidly growing financial tool with two main aspects: earning interest on your crypto holdings and accessing loans by putting your crypto up as collateral. It’s like a decentralized twist on traditional banking, but with potential for higher returns and unique risks. According to BankRate, Cryptocurrency Lending is similar to a traditional lending model in that users can borrow and lend cryptocurrencies in exchange for a fee or interest. However, these loans use digital currency as collateral, similar to a securities-based loan.

Curious on how it works? Here is a breakdown : 

For lenders:

  • Earn interest: Deposit your crypto on a lending platform and receive regular interest payments, often much higher than traditional savings accounts. Rates can reach 15% or even 20% APY depending on the platform and cryptocurrency.
  • Compounding interest: Earn interest on your interest for even greater returns over time.
  • Flexible options: Choose from various lending terms and lock-up periods. You can deposit for the short term or hold for longer and potentially earn higher rates.

For borrowers:

  • Get cash or crypto: Use your existing crypto holdings to secure a loan, either in fiat currency (like USD) or additional crypto.
  • No credit checks: Unlike traditional loans, borrowing often doesn’t involve credit checks, making it potentially accessible to those with limited credit history.
  • Fast and convenient: Get approved and funded quickly through online platforms.

Types of platforms:

  • Centralized exchanges: Offer lending services alongside trading and other features. May be easier to use but raise concerns about centralization and potential security risks.
  • Decentralized finance (DeFi) platforms: Peer-to-peer lending without a central authority. May offer higher rates but can be more complex and require technical knowledge.

Risks to consider:

  • Volatility: The value of your crypto could fluctuate significantly, potentially leading to losses.
  • Smart contract risks: DeFi platforms involve smart contracts, which can have bugs or vulnerabilities.
  • Counterparty risk: Lending platforms or borrowers could default on their obligations.

Overall, cryptocurrency lending offers exciting opportunities for both lenders and borrowers, but it’s crucial to understand the risks before diving in. Do your research, choose reputable platforms, and carefully consider your individual financial situation before making any decisions.

2). Mining Cryptocurrency for Profit

Mining Cryptocurrency for Profit

Mining cryptocurrency ( Bitcoin ) can also be a profitable method for making money with cryptocurrency. Coinbase makes it clear in their definition that Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. It involves vast, decentralized networks of computers around the world that verify and secure blockchains. 

Mining strategies:

Solo mining: This involves competing directly with other miners for block rewards, requiring powerful hardware and a high chance of not finding blocks and earning nothing.

Mining pools: Joining a pool combines your hashing power with others, increasing your chances of finding blocks and sharing rewards proportionally to your contribution. Less hardware investment is needed, but profits are also shared.

Cloud mining: You rent computing power from dedicated facilities, eliminating hardware costs and maintenance but receiving lower profits due to service fees.

3). HODLing: Invest in Cryptocurrency and Hold Long Term

HODLing, a term born from a typo in a 2013 Bitcoin forum post, has become a central tenet for many cryptocurrency investors. It advocates for a buy-and-hold strategy, emphasizing long-term investment over short-term trading.

Benefits of HODLing  according BankRate :

Reduced risk: HODLing avoids the pitfalls of frequent trading, mitigating the risks of emotional decisions, panic selling, and buying high and selling low.

Compounding gains: Holding your assets allows you to benefit from compound interest, where your returns generate even more returns over time.

Reduced stress: HODLing encourages a “set it and forget it” approach, minimizing the stress and time commitment associated with active trading.

Potential for higher returns: Historically, long-term holding has outperformed short-term trading in many asset classes, including cryptocurrency.

Strategies for Profit with HODLing:

Investment horizon: Choose a timeline that aligns with your financial goals and risk tolerance. Consider HODLing only for assets you believe have long-term potential.

Diversification: Diversify your portfolio across different cryptocurrencies and asset classes to mitigate risks associated with individual assets.

Dollar-cost averaging (DCA): Invest a fixed amount of money at regular intervals instead of putting everything in at once. This helps average out the cost of your investment and reduce the impact of volatility.

4). Play-to-earn (P2E) crypto games

According to GrowthChain,  P2E games utilize blockchain technology to create in-game assets with real-world value. These assets, like characters, items, and virtual land, can be owned, traded, and sold for cryptocurrency. Players engage in gameplay activities like battling, breeding, crafting, or building, earning these assets as rewards.

Earning avenues:

  • Direct rewards: Games may directly reward players with their native cryptocurrency or in-game tokens for completing tasks, winning matches, or achieving milestones.
  • Asset trading: Players can earn by buying, selling, and trading their in-game assets on blockchain marketplaces, profiting from price fluctuations and demand.
  • Staking and lending: Some games allow players to lock their assets in smart contracts to earn passive income through staking or lending them to other players.

Types of in-game assets:

  • Non-fungible tokens (NFTs): Unique and irreplaceable digital assets representing ownership of characters, items, and land. Players own the underlying data and can control its use and transfer.
  • Fungible tokens: Cryptocurrencies within the game’s ecosystem used for purchasing in-game items, paying fees, and participating in governance.

Popular P2E games:

  • Axie Infinity: Collect and battle adorable Axie creatures, breed them to create new ones, and sell them on a thriving marketplace.
  • The Sandbox: Create and own virtual land parcels, build experiences, and monetize them through games, NFTs, and advertising.
  • Decentraland: Explore a virtual world, build your own land, host events, and participate in a decentralized economy.
  • Guild Wars 2: Earn cryptocurrency within the popular MMORPG through in-game achievements and trading rare items.

5). Cryptocurrency Airdrops

Coindesk explains that Cryptocurrency airdrops involve the unsolicited distribution of cryptocurrency tokens or coins to numerous wallet addresses, often for free, as a promotional activity typically performed by blockchain-based startups.

Airdrops are intended to increase the use of a cryptocurrency across a broad range of users and are often associated with the launch of a new cryptocurrency or a DeFi protocol, primarily as a way of gaining attention and new followers, resulting in a larger user base and a wider disbursement of coins. 

Types of airdrops:

Standard airdrop: Open to anyone who meets the basic criteria, like holding a specific token for a certain period.

Exclusive airdrop: Limited to a select group of users, such as active community members or early adopters.

Bounty airdrop: Requires completing specific tasks, like promoting the project on social media or participating in surveys.

Benefits/profits from Airdrop:

Free tokens: A chance to get your hands on new or existing cryptocurrencies without any investment.

Project discovery: A window into exciting new projects with the potential for growth.

Community engagement: Rewards loyal users and encourages participation in the project’s ecosystem.

6). Crypto Savings Accounts 

Forbes says that Crypto savings accounts are a financial product that allows individuals to earn interest on their cryptocurrency holdings. These accounts function similarly to traditional savings accounts, where users deposit their cryptocurrency, such as Bitcoin, Ethereum, or Litecoin, and earn interest on their balance.

How they work

  • You deposit your crypto into a designated wallet on the platform.
  • The platform uses your deposited funds in different ways, such as lending them to other users, participating in staking or liquidity pools, or investing in DeFi protocols.
  • The generated interest from these activities is then distributed back to you at regular intervals, typically as additional cryptocurrency.

Key features:

  • Interest rates: Crypto savings accounts generally offer higher interest rates than traditional savings accounts, sometimes reaching well into double digits.
  • Flexibility: You can usually deposit and withdraw your funds easily, with varying levels of lock-up periods depending on the platform.
  • Compounding interest: Depending on the platform, you may earn compound interest on your deposited funds, further boosting your returns over time.
  • Variety of cryptocurrencies: Some platforms support a wide range of cryptocurrencies, allowing you to earn interest on diverse holdings.


  • Passive income: Earn extra crypto without actively trading or investing.
  • Grow your holdings: Compound interest can significantly increase your crypto holdings over time.
  • Diversification: Add a low-risk element to your crypto portfolio.

7). Crypto Staking

According to Coindesk’s Crypto 101 series, Crypto staking involves locking up cryptocurrency assets for a set period to support the operation of a blockchain. In return, participants earn more cryptocurrency.

This process is often associated with proof-of-stake consensus mechanisms, where network participants validate transactions and add new blocks by staking set sums of cryptocurrency. 

The Process of Crypto Staking

  • Proof-of-stake (PoS) blockchains: Certain cryptocurrencies like Ethereum, Cardano, and Tezos use a PoS -point of sales consensus mechanism. In this system, validating new transactions (adding them to the blockchain) and securing the network falls on “validators” chosen based on the amount of crypto they stake.
  • Staking your crypto: You lock up your tokens in a designated wallet or pool on a platform for a certain period. By staking, you essentially express your willingness to participate in the network’s validation process.
  • Earning rewards: Validators who help verify transactions receive rewards in the form of newly minted tokens or transaction fees. The more you stake, the higher your chances of being chosen as a validator and the greater your potential rewards.

The Benefits of Crypto Staking

  • Passive income: Earn additional crypto over time without actively trading or investing.
  • Network security: By staking, you contribute to the stability and decentralization of the blockchain.
  • Compounding interest: Some platforms offer compound interest on your staked tokens, amplifying your earnings.
  • Lower volatility: Staking can be a good way to stabilize your crypto portfolio by reducing exposure to short-term price fluctuations.

8). Affiliate Programs  offers explanations of Affiliate Programs and presents theirs also. To them, Crypto affiliate programs offer a unique opportunity for individuals to earn passive income by promoting cryptocurrency-related products and services. Whether you’re a seasoned marketer or just starting out, these programs provide a lucrative way to monetize your website, blog, or social media presence.

Crypto affiliate programs are partnerships between cryptocurrency platforms and marketers. These programs allow marketers to earn commissions by promoting crypto-related products and services. As a marketer, you will be provided with a unique referral link or code that tracks the customers you refer. When someone signs up or makes a purchase through your link, you earn a commission.

There are various types of crypto affiliate programs available, including exchanges, wallets, trading platforms, ICOs (Initial Coin Offerings), and more. Each program has its own commission structure and requirements. Some programs offer a one-time commission, while others provide recurring commissions for the lifetime of the referred customer’s account.

Benefits of Joining Crypto Affiliate Programs

There are numerous benefits to joining crypto affiliate programs:

Earn Passive Income: One of the biggest advantages of affiliate marketing is the ability to earn passive income. Once you’ve set up your marketing campaigns and referral links, you can earn commissions even while you sleep.

Lucrative Commission Structures: Crypto affiliate programs often offer generous commission structures, especially in the rapidly growing cryptocurrency market. Some programs pay high percentages of transaction fees, which can result in substantial earnings.

Diversify Your Income: By joining crypto affiliate programs, you can diversify your income streams. Instead of relying solely on traditional advertising or product sales, you can tap into the booming cryptocurrency market and earn additional income.

Access to Cutting-Edge Technology: Many crypto affiliate programs are associated with innovative cryptocurrency platforms that offer state-of-the-art technology and services. By promoting these platforms, you can stay ahead of the curve and provide value to your audience.

Educational Opportunities: As an affiliate, you’ll gain insights into the cryptocurrency market and the latest trends. This knowledge can be valuable for your own investment decisions and can position you as an expert in the field.

Overall, joining crypto affiliate programs can be a win-win situation. You can earn commissions by promoting products and services that you believe in, while also providing value to your audience and helping them navigate the cryptocurrency landscape.

FAQs ( Frequently Asked Questions ) About How to Make Money From Crypto in 2024

Which crypto will rise in 2024?

While it is not possible to directly determine rise and fall of any Cryptocurrency in 2024, the imiblockchain maintains that Bitcoin will continue with stable rise amidst falls in 2024, according to them experts are confident that BTC still holds (HODL) in the market.

How high will Bitcoin go in 2024?

Going by takeaways from CoinTelegraph, Based on various predictions and analyses, the projected high for Bitcoin in 2024 ranges between $45,000 and $120,000. These estimates are based on factors such as market trends, historical performance, upcoming events like the Bitcoin halving in April 2024, and expert forecasts.

What is the fastest way to make money from Crypto ?

Crypto News suggests you participate in Airdrops and Giveaways in the Article. This can be fast but more solid Money making can be derived from the other areas shared as Giveaways, airdrops may depend on you following up on updates in your crypto community.

How do I sell BTC for Naira ?

With the KOYN app you don’t get to only sell your Crypto for Naira, whether BTC, ETH etc, you can also withdraw your Naira Instantly, Pay Bills and Trade Crypto conveniently. You can also do your findings for other exchanges that will help you.


To end, Cryptocurrency presents an exciting opportunity for individuals to earn income by promoting cryptocurrency-related products and services via affiliate programs, crypto lending, mining, holding, crypto games, savings accounts to mention a few. With the growing popularity of cryptocurrencies, the demand for knowing how to make the best opportunities out of the market has increased.

In this article, we explored what crypto affiliate programs are and how they work. We discussed the benefits of joining these programs, we also touched on Mining, Holding, Savings accounts, playing Crypto Games and what the benefits of each are. Finally we ensured to explain the concept of Lending, what to look out for etc. We hope you had a better idea of how to maximize profits with Cryptocurrency in 2024.


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