Hello buddy! Here I share my experiences to earn those 5 bucks daily that help us so much in Venezuela. I swear it has been my salvation in these difficult times.
1. Cryptocurrency savings platforms
What is this? Basically, you lend your cryptos to others and they pay you interest for it.
My experience: I have deposited some USDT in these platforms and it's going okay. Sometimes I get good interest and other times not so much, but well, something is something.
You can choose to keep your "loose" coins (take them out whenever you want) or "tied" for a fixed period. Obviously, the tied ones give more interest.
What nobody tells you: To earn $5 daily, you need to put in QUITE a bit of money. With $100, you would only earn about 3 cents a day. You would need around $1,800 to reach $5 daily! Crazy, right?
2. Staking (Guarding coins for the network)
What is it about? You leave your coins still helping a blockchain network and they give you rewards.
My personal experience: I have tried this with some coins and they give you decent percentages, but you still need quite a bit of initial capital.
The uncomfortable truth: To make $5 a day, you also need a good investment. The calculations are similar to the previous method.
3. Automatic investment
The concept: You set up small and regular automatic purchases of Bitcoin or Ethereum.
My honest opinion: This won't give you $5 daily right away. It's more about gradually growing your money. I've seen buddies lose with this when the market goes down.
4. Referral Program
How it works: You invite people to crypto platforms and earn commission when they trade.
The reality I lived: I convinced some cousins and made some money, but it's super irregular. One day you make $20 and then nothing for weeks. It's not sustainable unless you're an influencer or something like that.
5. Liquidity Mining
The concept: You lend your cryptos for others to trade and you earn a commission.
My experience: I tried it once and almost lost everything when one of the coins crashed. It's extremely risky and I don't recommend it for beginners.
How much do you really need?
Let's be honest: with a small investment, you are NOT going to earn $5 daily reliably. Those who tell you otherwise are lying. You need about $1,800 invested at 10% to achieve that.
My buddy's advice:
Don't believe the gurus: No one is going to make you rich overnight with cryptocurrencies.
Start with what you can: I started with $50 and kept learning.
Diversify: Don't put everything in a single method or currency.
Be patient: These things take time, there are no real shortcuts.
I hope my experience is helpful to you. And remember, be very careful about who you trust your money with!
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How to earn 5 dollars a day online with little investment?
Hello buddy! Here I share my experiences to earn those 5 bucks daily that help us so much in Venezuela. I swear it has been my salvation in these difficult times.
1. Cryptocurrency savings platforms
What is this? Basically, you lend your cryptos to others and they pay you interest for it.
My experience: I have deposited some USDT in these platforms and it's going okay. Sometimes I get good interest and other times not so much, but well, something is something.
What nobody tells you: To earn $5 daily, you need to put in QUITE a bit of money. With $100, you would only earn about 3 cents a day. You would need around $1,800 to reach $5 daily! Crazy, right?
2. Staking (Guarding coins for the network)
What is it about? You leave your coins still helping a blockchain network and they give you rewards.
My personal experience: I have tried this with some coins and they give you decent percentages, but you still need quite a bit of initial capital.
The uncomfortable truth: To make $5 a day, you also need a good investment. The calculations are similar to the previous method.
3. Automatic investment
The concept: You set up small and regular automatic purchases of Bitcoin or Ethereum.
My honest opinion: This won't give you $5 daily right away. It's more about gradually growing your money. I've seen buddies lose with this when the market goes down.
4. Referral Program
How it works: You invite people to crypto platforms and earn commission when they trade.
The reality I lived: I convinced some cousins and made some money, but it's super irregular. One day you make $20 and then nothing for weeks. It's not sustainable unless you're an influencer or something like that.
5. Liquidity Mining
The concept: You lend your cryptos for others to trade and you earn a commission.
My experience: I tried it once and almost lost everything when one of the coins crashed. It's extremely risky and I don't recommend it for beginners.
How much do you really need?
Let's be honest: with a small investment, you are NOT going to earn $5 daily reliably. Those who tell you otherwise are lying. You need about $1,800 invested at 10% to achieve that.
My buddy's advice:
Don't believe the gurus: No one is going to make you rich overnight with cryptocurrencies.
Start with what you can: I started with $50 and kept learning.
Diversify: Don't put everything in a single method or currency.
Be patient: These things take time, there are no real shortcuts.
I hope my experience is helpful to you. And remember, be very careful about who you trust your money with!