Posts for crypto

3 Ways To Generate Money From NFTs

Gambling, General, Lifestyle - Wilma Garrett - June 28, 2022

 

find an NFT generator Malaysia

The way we live, socialize, work, learn, and conduct business has been dramatically revolutionized by the advent of technology. We are now more productive in our daily activities, have the freedom to work from home and have access to resources that were not accessible before. Whether it is for our own primary source of income or a side business, we may now increase our financial status by leveraging the advancement that the technology has had to offer to boost our income. 

 

Moreover, understanding how to leverage the use of technology in a way that can help us in making more money is crucial in today’s economy. To earn a consistent and solid living income, we don’t even need to be high-skilled internet users and be well-known in the internet communities. Making money with the help of technology has become simpler than ever. 

 

Today, an increasing number of people are looking for ways to earn money through online platforms. For the past few years, when we talk about ways to earn money online, many people have suggested becoming content creators or launching an internet business. Creating and selling NFTs is a new trend that has been gaining popularity as a way to earn money nowadays. Many people are asking for ways to find an NFT generator Malaysia to help them jump into the bandwagon and generate money from it. 

 

What are NFTs?

A digital asset known as an NFT or non-fungible token is a representation of an item such as digital artwork, films, music, images, and games. There is one software that is used to store cryptographic tokens like NFT which is known as blockchain software technology. As they are not interchangeable, unlike other bitcoins, it is impossible to exchange and trade NFTs with another item.

 

How To Make Money With NFTs?

 

find an NFT generator Malaysia

1. Selling NFTs

 

If you are a creator, this is a stepping stone for you to earn money with your own creations and skills. You can create anything related to digitals such as music, films, images, or digital artworks and sell them as NFTs. Selling NFTs in marketplaces specifically designed for NFTs is the most common method of making money with NFTs. 

 

2. Earning Royalties

 

The developer of an NFT might still get passive lifetime royalties even after selling it to a third party. However, the creator must apply the terms and conditions, and if someone purchases the digital asset you made, you will get royalties forever. NFT royalties are sums of money given to the original creators of non-fungible tokens in exchange for using their creations. In the world of business, royalties typically give the creator a share of the sales or profits. Royalties for NFTs are often decided upon during the minting process by the owner.

3. Trading NFTs

 

As another alternative to make money with NFTs, you can trade them in addition to selling them. Some business owners and investors buy and sell NFTs like stocks in order to generate more money. You can easily sell your collections of NFTs that you buy and no longer need them. The procedure of selling them is the same as if you had produced them yourself. The only difference is, that you don’t have to involve in the minting process. Trading NFTs to generate money may seem dangerous and risky to some, but the reward can be substantial. 

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How To Turn Cryptocurrency (Bitcoin) To Cash

Blogging - Wilma Garrett - March 7, 2022

You have probably heard of the term Bitcoin or Cryptocurrency a lot lately, and it has been taking the world by storm recently. There are many types of cryptocurrency, namely, Bitcoin, Dogecoin, Ethereum and many more. 

 

The main idea is that cryptocurrency will be a mode of transaction and replace all the traditional currencies one day. People have been investing in it as they see it as a commodity that will grow over time and bring them profits. If you have bitcoins now, you should hold on to them, as the demand keeps increasing, and it will be an excellent time for you to ‘sell’ and transfer the amount to your bank account. 

Real-time crypto news

Remember, the end goal is for bitcoins and other cryptocurrencies to be the main or the only form of currency that cryptocurrencies will accept worldwide. There have only been a few but big and significant companies that have started accepting cryptocurrency transactions, such as Microsoft, Etsy, and Starbucks. But you still cannot use them at other stores or websites, which may be a reason for you to transfer your bitcoin into cash that you can use. 

 

So now, how do you make them into cash? There are two ways to change your cryptocurrency to cash third party broker exchanges and peer to peer platforms.

 

As for the third party broker exchange, it is a pretty simple concept. It is the same as if you were changing currencies at the airport or the money exchanger. You are “selling” the bitcoin or cryptocurrency and then “buying” the equal value in the traditional currency that you desire. You could keep up with the exchange rate, demand, and supply of crypto by constantly referring to real-time crypto news

But the third party broker must adhere to money laundering laws, so you must withdraw from the same bank account that you used for the deposition.

Real-time crypto news

The exchange rate is determined by the demand instead of the economy, government or the county’s central bank.

 

It is pretty simple, safe and secure, but it isn’t the fasted. According to the country, it may take up to 4-6 days for the transaction to be deposited into your account and an additional fee to pay. Bitcoin ATMs and Bitcoin debit cards work the same way too. Yet again, there is a downside, a high cost for transactions. 

 

For a much faster option, you can rely on peer to peer platforms to sell and turn bitcoins into cash. You would also escape the high cost of transactions with this method. This method is also much easier compared to the previous method, third party brokers.  

 

You simply ask the buyer to deposit cash into your bank account, make sure to get the receipt or any proof of transfer to ensure you are not being cheated. You can also stay anonymous by using a VPN to secure your connections. Just be extra careful before opting for this method of exchanging your bitcoin or cryptocurrencies to cash. 

 

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