How to Make Money through Cryptocurrencies?
Despite being around since 2009, true fame came to the cryptocurrency industry 2020 when the pandemic became the biggest global problem. At that time, the world realized how advantageous and beneficial it was having cryptocurrencies around. This is the reason why the cryptocurrency industry observed a lot of growth and adoption since 2020. When the cryptocurrency industry started showing its true colors in 2020, it had around 34 million active user base.
Within 12 months, the cryptocurrency industry user base has increased more than 400%, which is a remarkable achievement from the cryptocurrency industry’s end. The constant growth of user base is the proof of the potential and promising nature of the cryptocurrency industry. This shows that so many people have been joining the platform due to its benefits and gains.
However, the main question is, how are people benefitting from the cryptocurrency industry and how the cryptocurrency industry is helping them earn money. So let us go through the ways people can make money through cryptocurrencies and the products that have been introduced in the industry:
Mining Cryptocurrencies
This is the first-ever way for you to make money through the cryptocurrency industry. When Bitcoin (BTC) was first launched in 2009, the only way to acquire it was through mining. The option of purchasing cryptocurrencies was introduced in 2011 when the first cryptocurrency exchange was launched. Before, that, only the cryptocurrency mining activity was way for acquiring Bitcoin and altcoins. The maneuver is still being practiced and you can set up a mining rig in order to mine Bitcoin or altcoins. Once mined, you can sell them at a cryptocurrency exchange to make money.
Trading Cryptocurrencies
This is the most popular and most adopted way that the investors have adopted to profit from the cryptocurrency industry. In terms of trading, you can purchase cryptocurrency of your choice directly from a cryptocurrency exchange. Through this method, you are not required to mine cryptocurrencies but purchase them through an exchange. Once purchased, you need to wait for the right time until the price of the cryptocurrency grows higher than you spent purchasing it. Once sold, the difference in the purchase price and sale price is your commission. At present, more than 90% of the crypto-verse is profiting from this strategy.
Staking Cryptocurrencies
Then you have staking process for cryptocurrencies, which is not offered by all cryptocurrency exchanges. If you have cryptocurrencies, then there are high chances that you have acquired them through an exchange. If you are indeed dealing with an exchange, then go for the one that offers cryptocurrency staking. This way, you get to make profits and earn interest as you stake cryptocurrencies through the staking pools. Some cryptocurrency exchanges even reward you for your continuous staking efforts and you may be able to earn other cryptocurrencies as well.
Creating/Selling NFT
Then there are non-fungible tokens (NFTs) that you can create through the NFT developing platforms. You can develop an NFT that can be for digital collectibles such as digital artwork and other fan-based tokens. Once you have developed an NFT, you can refer to one of the marketplaces for NFTs and sell them to make profits. The NFT marketplaces offer you the option of selling NFTs either directly or through bidding. At present, the most profitable process for making money through NFTs are the digital artworks that you can design, develop, and then sell them to make profits.
Developing DApps
The cryptocurrency industry has also provided you with the opportunity of developing and launching your own decentralized applications. These applications can be virtual worlds or marketplaces where you allow users to interact, entertain themselves, or do other social activities by spending cryptocurrencies. This is another way of making money through cryptocurrency technology and with time it is growing in terms of adoption and profits.
Please be advised that these are not the only products and ways offered by the cryptocurrency industry for making profits. There are many other ways for making money but these are the most prominent and widely adopted.
HubbleBIT – Investing and Trading in Cryptocurrencies
Have you been going through the hundreds of brokers operating in the financial markets? The sheer number of options can be extremely confusing and overwhelming and people often end up choosing one at random to get it over with. Some are lucky enough to end up with a good choice, while others fall into a scam and regret their decision. HubbleBIT is one of the names that you will come across during your search and it is best to go through a HubbleBIT review before you make up your mind. It seems like a lot of effort, but doing so can help you avoid the aforementioned regret that people have to face.
After all, everyone is aware that the online world is rampant with frauds and scams where people can end up losing their money and even have their identity stolen. These cybercriminals have taken advantage of the opportunity to exploit people by setting up brokerages and luring people with attractive offerings. It can be devastating to find yourself a victim of one of their schemes and you would want to steer clear of them as much as possible. This can only happen if you are vigilant and do your job by looking for a legitimate platform.
Yes, there are actual legitimate and reliable companies that also exist in the market and it is possible for you to find one that can provide you everything you need for trading in the financial markets. With the right company, you will be able to access the markets of your preference, get a good trading platform and be able to enjoy other tools and resources that can ensure a seamless trading experience. The real challenge is sorting through the legitimate choices as well because even those are not equally created. There are plenty of these brokers and they have been operating in the market for some time, but this doesn’t mean that they will be the correct choice for you.
All traders are unique and your requirements will definitely not be the same as the next trader. Hence, you have to keep your own priorities and preferences in mind when you are hunting up a broker to trade in the financial markets. When you come across HubbleBIT, it is possible that you may not want to give it more than a glance because it is a relatively new platform. Most people prefer not to trade with newer options because they could be scams and this is also a cause for concern with this option.
However, a closer look at this broker reveals that even though it was introduced in 2018 by IBZ Holdings Ltd., it has managed to climb up the ladder very quickly. Operating out of St. Vincent and the Grenadines, HubbleBIT has become a choice of many traders because it offers some prominent features that can make a big difference in your overall trading experience. If you have any doubts about the company, you can read the review below to know what features are available and then decide what you want to do. Let’s check it out:
| Broker | HubbleBIT |
| Website | https://hubblebit.com/ |
| Trading Accounts | Four Brokerage Account Options: Silver, Gold, Platinum and Diamond. Investment Accounts also Available |
| Minimum Deposit | $250 |
| Assets Coverage | Forex, CFDs on Commodities, Shares, Indices and Cryptocurrencies |
| Trading Tools | Currency Converter, Profit Calculator, Overnight Swaps, Holidays Calendar, Position Calculator, Dividend Calendar, Trading Indicators, Signals, Live Charts, Technical Analysis Tools, Price Alerts and Risk Management Tools |
| Education and Training | Yes; e-books, online video courses, webinars, tutorials, market analysis and fundamental and statistical market data |
| Customer Support | Available 24/6 through Email, Telephone, Web Contact Form and Social Media Channels |
| Security Policy | KYC (Know Your Customer) and AML (Anti-Money Laundering) policies |
| Parent Company | HubbleBIT Holdings Ltd. |
The MT4 Suite of Platforms
If there is one feature of a broker that should be used for making your decision, it is their trading platform. This is basically the software that’s used by traders for opening and closing positions in the financial markets and if the platform is not worth using, then there is no point in signing up with the company. Most of your experience will depend on this platform and it also has a direct impact on the returns you will be able to make. How? As stated, you execute trades via the trading platform and it is slow or breaks down, you will not be able to know the changes taking place in the market and execute trades quickly.
Thus, this will cause you to miss profitable trading opportunities, or compound your losses because you will not be able to exit a trade in a timely manner. Furthermore, trading platforms also provide trading tools that can enhance the decision making process by providing statistics, alerts, patterns and other information that can be relevant. These factors help you determine if a trade would be profitable or not. All this means that you need a well-designed and powerful trading platform and this is where HubbleBIT has done a good job.
Even though some companies do tend to come up with their own trading platform, they have chosen to provide their clients with the best solution that exists in the market today; the MT4. If you have looked up the top trading platform, the MetaTrader 4 is what you will come across and it is a favorite of all leading and professional traders. The most prominent feature of HubbleBIT is that they have added the entire suite of MT4 platforms for their clients’ convenience. What does this mean? Put simply, you have several types of platforms to choose from, which are:
MT4 Desktop: This is the traditional form of trading platform that you will find and it has to be downloaded and installed on a desktop PC to be used. It uses advanced trading technology, yet the interface is simple enough that both beginner and skilled traders can take advantage of it without any problems. The download process is also very straightforward and you don’t have to have any technical knowledge in order to do so. Thanks to one-click trading, you can get quick trading execution and the platform boasts a horde of tools, including different charting tools, custom indicators, price alerts, market analysis and a number of risk management tools.
MT4 WebTrader: The second option that traders can explore on HubbleBIT when it comes to trading platform is the WebTrader. This version of the MT4 doesn’t have to be downloaded anywhere; to access it, you just need a device that has a web browser. You will go to the company’s website, log into your account and then start trading. This gives traders some flexibility because they can use this platform on any device that supports a browser and an internet connection. Despite its simplicity, the web trading platform is also an innovative solution and provides all the necessary trading tools.
MT4 Mobile Apps: The world has gone digital, which includes the introduction of mobile devices that are increasingly being used for pretty much everything. Trading is also an activity that people would prefer to do on their smartphones and tablets because they will be able to trade from anywhere. Therefore, MT4 mobile trading apps for Android and iOS ecosystems have been developed and added by HubbleBIT to ensure that its clients can enjoy their benefits. These apps are easy to download and use and give traders control of their trading accounts. They are also equipped with trading tools and other features that can help make smart and quick decisions.
The Variety of Assets
One of the most notable features of any broker that can help them stand out in the sea of brokers is their assets. If you check out the financial markets, you will find that there are tens of thousands of trading instruments available from various markets. It is important to understand that some markets are more volatile than the others, which means that their profitability and that of their instruments will also vary. It is something to bear in mind when you are thinking of which assets you should invest in. After you have made up your mind, you need to find a company that can actually offer you those assets.
The problem is that many of the platforms out there will claim to offer you a variety of instruments to draw you in. It is only after you have signed up that the truth becomes apparent and you find limited options at your disposal, which can be immensely frustrating. You will have to start from scratch with a different broker and this leads to missed opportunities and wasted time. Rather than falling for claims, you should check their asset index closely and know exactly what they have to offer. When you do this for HubbleBIT, you will notice that they are also offering a variety of assets that belong to different financial markets.
The difference is that they actually do live up to their promises because you will be able to trade more than 200 instruments on their platform. This is undoubtedly impressive because it means that you will have no problems in diversifying your trading portfolio via HubbleBIT, which is one of the best ways to reduce your risks and maximize your profits. Isn’t that the whole point of trading? Nonetheless, it is a good idea to go over the choices first to confirm that you will get what you want. First and foremost, you will be able to trade in the stock market, which is often considered synonymous with trading.
It allows you to trade shares of the world’s leading companies, such as Amazon, Google, Apple, PayPal, Netflix, Aurora, Alibaba and JPMorgan. If you prefer trading baskets of stocks together, rather than investing in individual ones, the indices market is a good choice. The leading indices, including S&P 500, Dow Jones, FTSE 100 and DAX 30 have been added. The forex market is known for its impressive daily trading volume and its volatility can be quite profitable. There are a range of currency pairs that HubbleBIT has added to their platform for the benefit of their traders.
You can choose from GBP/USD, USD/JPY, NZD/AUD, EUR/USD and EUR/GBP. If you prefer trading digital currencies that have become quite popular because of their high volatility, then you will find that some of the most renowned crypto options are also available. Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, Dash, NEO and Zcash are some of the cryptocurrencies that you can trade on HubbleBIT. In addition, they have also added commodities to their offerings because this can help in balancing the risks.
Commodities have a low volatility and can offer consistent returns to traders. There are different categories of commodities that traders can explore. Hard commodities refer to precious metals, such as gold, silver, platinum and palladium. HubbleBIT has also added soft commodities like corn, wheat, sugar, rice and coffee. You can also go with energies like crude oil and natural gas.
The Security and Privacy Policies
If there is one feature that can attract or drive traders away from a brokerage is their security and privacy policies. The security and privacy concerns of people when using the internet are quite well-known because there have been countless incidents where money was lost or identities stolen and then misused. No one wants to have to deal with such disastrous consequences and the only way to ensure they don’t happen to you is to sign up on a platform that has taken steps to mitigate these risks as much as possible. Yes, it is possible to reduce the risks, even if they cannot be completely eliminated.
The good news about HubbleBIT is that they have prioritized the security and privacy of their clientele. Their team of professionals understands the concerns and they have implemented policies to counteract them as much as possible. First off, they promise safety of funds by keeping all client deposits in segregated accounts. This means that company accounts are kept separate and all funds are kept with leading financial institutions and only used for trading purposes. If the company goes bankrupt, they will be returned to the traders.
This is certainly reassuring and will allow traders to focus on their trading without having to constantly worry about their money being stolen by hackers. HubbleBIT has also ensured the security of sensitive and confidential data by using advanced SSL (Secure Socket Layer) encryption on their website. All information is encrypted immediately to prevent prying eyes from getting a look at it. Apart from that, they also have a strong Privacy Policy that highlights what information is accumulated and how it is used. Plus, it reiterates that the data is not shared, sold or licensed to any third-party without client consent.
To further enhance the security of their platform, the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies have also been implemented by HubbleBIT. Internationally recognized, the purpose of these policies is to reduce the chances of identity theft, money laundering and financial fraud. Traders are required to provide proof of identity (international passport, driver’s license or national ID card), proof of address (utility bill, like water, gas or electricity, or bank statement) and proof of payment (picture of debit or credit card) have to be provided.
The Accommodating Account Choices
As stated earlier, no two traders are the same and this means that their trading styles, capital and their risk tolerance can vary. Brokers provide account choices to their clients to accommodate their different preferences and requirements, but even then traders can find them limiting as the features may not be as per their needs. With HubbleBIT, you will come across four account choices that they have created for facilitating traders of varying skill levels. After all, beginners don’t have the same requirements as advanced traders and the account choices you will find here have been developed with this in mind.
Silver is the first account choice and it requires a minimum deposit of $250 from traders. This account has been created for those who are new to the market and are just started out. Therefore, it comes with very basic features, such as limited trading signals and a welcome bonus of 20%. HubbleBIT also provides traders with a free consultation with a personal account manager and they are given a session with a market analyst one-on-one for some guidance and assistance. If the traders are classified as intermediate because they have some experience under their belt, the Gold account is the right option.
The minimum deposit required for this account is $10,000 and HubbleBIT provides these traders with full trading signals and a 50% welcome bonus. They also get to take advantage of the expertise of an executive account manager and their sessions with a market analyst are increased to 5. For accommodating traders who are advanced and knowledgeable, the Platinum account has been developed and it can be opened with a minimum deposit of $50,000. A 100% welcome bonus is given to traders and they can now attend unlimited sessions with a market analyst.
The final account choice that can be found is called the Diamond account and this one is ideally suited to professional and VIP traders. HubbleBIT has opted to keep the minimum deposit requirement for this account at $250,000 and traders can access all features in this account. They are also given a 125% welcome bonus as an incentive. Other than these account options, you will be pleased to discover that the company has also added a demo account to their offerings. It is one of their most notable features because it allows traders to practice their trading with virtual money, before putting their hard-earned money on the line.
They are provided a simulated market environment through this account and can test their trading strategies in order to get acquainted with the market. The account also provides traders the opportunity to test the trading platform and conditions offered by HubbleBIT and decide if they are suitable for them. You will also find investment accounts available on the platform, which provide returns in the form of interest and can be a good option for people looking for consistent returns.
The Customer Support
The success of any company, regardless of industry, depends heavily on the value they place on customer support. It is even more crucial in the world of trading, where fortunes are made and lost in a matter of seconds and minutes. Even a small delay can result in losses of millions and no trader would want to face this fate. In order to keep it that way, you need to look for a trading solution where customer support is not taken lightly and HubbleBIT fits the bill in this regard. They are aware of the need for robust and reliable support and this is obvious from the various channels that have been incorporated to deliver it.
If you visit the Contact Us section of the company’s website, you will find that there are a number of ways that you can get in touch with the customer support team at HubbleBIT. First off, they have added several email addresses, which are aimed at specific types of queries and complaints, and you can pick one, depending on the kind of assistance you require. If you prefer a quicker solution, they have added the live chat option and there are various platforms that can be used for speaking to their agents, including social media networks.
A phone number is also made available for any urgent queries, or you have the option of filling out the online form on their website and schedule a callback at your convenience. The staff at HubbleBIT is helpful, professional and available 24/6. They will be ready to help you in finding an accurate solution for your problem, rather than providing vague and unhelpful answers.
Bottom Line
Extensive educational resources, an array of tools and tight spreads and low fees are some of the other prominent features that have helped HubbleBIT in climbing up the ladder quicker than others.