13 Ways of Getting Rich Through Cryptocurrency in 2024

Despite all the fuss and hype, cryptocurrency still creates some incredible opportunities for investors and enthusiasts to increase their fortune. Among the available options, crypto staking is one of the most dependable ways of earning good money. In this article, we will point out 13 ways of getting rich through cryptocurrency in 2024.

Key Takeaways:

• STAKING AI offers incredibly high staking rewards across varied crypto assets.

• New users get a free $100 staking bonus to get started.

• STAKING AI offers lifetime referral commissions.

• Liquid staking provides liquidity to staked assets, allowing users to earn staking rewards while using their assets elsewhere.

1. Staking on PoS Blockchains

Staking assets in PoS blockchains is one of the easiest ways to generate profits from cryptocurrency. STAKING AI allows earning rewards by locking your crypto for a certain period in a blockchain network to support its operations. STAKING AI provides different customizable staking plans like the Ethereum Staking Pool where you stake $200,000 for 30 days and earn $6,000 daily and an additional $9,600 in referral bonus.

Pros:

High daily rewards

Variety of staking options

Bonus rewards for referrals

Cons:

Locking up assets during the staking period

How to Get Started on STAKING AI

Sign Up: Register yourself with your email and username, and get a free $100 staking bonus.

Choose Your Plan: Pick from various staking plans that best suit your investment goals.

Start Earning: Start earning daily rewards that go right into your account.

2. Liquid Staking

Staking requires locking assets up, but with liquid staking from STAKING AI, users can stake and yet have access to their crypto. With liquid staking, users will be able to get rewards while keeping their liquidity open for trading, lending, or using them on any DeFi protocol. This flexibility is ideal for investors seeking to maximize earnings without sacrificing liquidity.

Pros:

You keep access to your assets while earning

Perfect for DeFi strategies

Cons:

It needs knowledge of DeFi platforms

3. Earning Through Referral Programs

STAKING AI's Affiliate Program empowers you with the ability to earn lifetime commissions by referring your friends to staking. They pay you a 4% commission for each new stake using your referral link.

Pros:

Unlimited earning potential

Real-time commission updates

Cons:

Requires active promotion

4. Crypto Lending

Crypto lending allows one to lend his/her crypto and earn interest in return. The STAKING AI liquidity staking option offers the possibility to lend out crypto and get some interest in addition to staking rewards through liquidity.

Pros:

Diversifies sources of income

Stable reward payouts

Cons:

Exposed to lending-related risks

5. Yield Farming

STAKING AI’s liquid staking tokens can be used for yield farming, allowing users to maximize their returns through DeFi platforms. You provide liquidity to DEXs and earn fees with some extra rewards.

Pros:

Higher return potential

Works well with liquid staking

Cons:

High risk because it's highly volatile

6. Mining

Mining remains one of the lucrative options for those with the technical capacity to manage mining rigs; however, staking with STAKING AI offers similar or better rewards without the expensive and energy-consuming mining processes.

Pros:

Much cheaper than mining in energy consumption

Easy setup

Cons:

Limited to PoS tokens

7. HODLing

Simply holding your asset for a long period of time can result in substantial gains. However, staking with STAKING AI multiplies these, often providing a daily return without having to sell. For example, Cosmos Staking Pool pays $1,044 daily for only staking $58,000.

Pros:

Generates Passive income

Boosts long-term holdings

Cons:

Dependent on market value

8. Airdrops

Airdrops are another means of collecting crypto. You can stake these tokens on STAKING AI and reap rewards.

Pros:

Free crypto

Requires no upfront investment

Cons:

Possible to hold over a very long period

9. Derivatives Trading

Crypto derivatives trading has been lucrative for professional traders. However, it is often high risky. By combining trading with STAKING AI’s liquid staking tokens, traders can hedge their positions and generate staking rewards.

Pros:

High returns

Mitigates risk through liquid staking

Cons:

High-risk strategy

10. Governance and DAO participation

Governance tokens give holders the right to vote on important decisions in decentralized autonomous organizations. STAKING AI is actively involved in governance to allow the stakers to have an impact on the direction of major projects.

Pros:

Users have a say in project development

Get extra staking rewards

Cons:

Requires knowledge related to governance protocols

11. NFT Staking

Some platforms allow staking NFTs for rewards. STAKING AI allows its users to use liquid staking tokens for trading with NFTs, which does not affect the staking reward.

Pros:

Merges NFT and staking rewards

Liquidity features

Cons:

The NFTs market is highly volatile

12. Stablecoin Staking

Staking stablecoins such as USDT or USDC, has a way of offering less volatility. STAKING AI's stablecoin staking pools are ideal for those looking for a safer way to make an income.

Pros:

Low risk

Stable returns

Cons:

Returns lower than with volatile assets

13. Earning Through Crypto Interest Accounts

Crypto interest accounts are a more risk-managed way to earn interest on your holdings. However, staking on STAKING AI can give better returns, with the added benefit of receiving payouts daily, unlike the periodic payouts seen in interest accounts.

Pros:

Daily payouts

Higher interest rates

Cons:

Tied to PoS assets

Conclusion

Whether you are staking, or earning through affiliate programs, STAKING AI opens unrivaled avenues of passive income gains. Due to its varied staking plans, top-range security, and eye-catching referral programs, it is the best option that one can get while trying to maximize his or her return in 2024. Start staking now with STAKING AI and watch your crypto investments flourish.