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A Step-by-Step Guide on How to Make Cryptocurrency Online

I have already talked about the easy ways to make money online without investment and investment programs, today in this post, I am going to share with you How to make cryptocurrency online using fiat money. In this blog post, you will going to learn about major cryptocurrencies and how to buy and sell it? And also can see best cypto coins with crypto markets, and everything related. 

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Table Of Contents

• What is cryptocurrency?
• Benefits of cryptocurrency?
• How to make cryptocurrency online?
• Different types of cryptos.
• Usages of cryptocurrency.
• What is cryptocurrency exchange?
• How to sell and buy cryptocurrencies?
• How to create cryptocurrency wallet?
• How to store cryptocurrency?
• How to Send and Receive cryptocurrency.
• How to make cryptocurrency for free.
• Conclusion.

A Step-by-step on How to make Cryptocurrency online

Have you ever wanted to make your own cryptocurrency, but weren't sure where to start? In this step-by-step guide, you'll learn how to do just that. From understanding the basics of blockchain technology, setting up your wallet, and organizing a mining pool, we'll show you everything you need to know to start making cryptocurrency online.

What is cryptocurrency?

Crypto currency is a digital asset and virtual currency, it is also a form of online payment. Crypto is not a centralized currency so it is decentralized currencies, crypto is used online like fiat currency, but the crypto is different from fiat money.

This is used digitally for many purposes online such as online transactions, exchanging assets and more like fiat currency, crypto currency is also protected by cryptography format. 

Cryptocurrencies are created using a new technology called blockchain technology, using this technology anyone can create it, the main thing of cryptocurrencies is: they are stored as a cryptographic format so they cannot be counterfeited. 

There are two types of currencies are created such as coins and tokens. Coins are created using blockchain technology and the tokens are created using with the coins.

Benefits of Cryptocurrency

Cryptocurrencies are digitally formed currencies that are used for many purposes online today, such as fiat currency. Anyone can create this money using blockchain technology because cryptocurrencies are a decentralized currency. 

So this coin is made under many names and is listed on many exchanges today. In addition, you can exchange this currency for goods and services online, and you can use it for online payments and and many transactions. 

We don't need to go any bank to store and make transactions. We can hold and store it our way using their wallets, and ultimately we can convert cryptocurrency into fiat money using cryptography exchanges. 

There are also many ATMs available in the world to buy and sell crypto for money,  and also can withdraw cryptocurrency to fiat money using those ATM's.

How to make cryptocurrency online

There are many ways that we can make cryptocurrency online. One of the best and easiest ways is: 'buying' crypto can buy using fiat money through currency exchanges. It is easy to buy cryptocurrency through using exchanges with debit cards, online banking, UPI transactions. 

And also can exchange it between a crypto with another pair. Most foreign countries have cryptocurrency ATM counters, so we can also easily buy directly with fiat money. 

Crypto is also a tradable currency, currency exchanges also allow us to trade those assets online with peers. The crypto trading is the process of buying and selling activity online, we can trade and earn profit online by exchanging it. 

There are many cryptocurrencies listed on online markets today under different names and prices. 

The other way you can make the crypto with 'mining' process. We can mine cryptocurrency with the help of a processores and GPUs of computers with online mining websites. In computers there are chips called CPU, GPU, we can use these chips to mine Crypto online. 

There are many websites that also offer mining plans that we can rent or buy to earn crypto. The other cheapest way to mine cryptocurrency is to use free mining websites and Android apps. 

There are Android trading apps available online to mine cryptocurrency for free, and they also offer free mining plans for some users.

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Different types of Cryptocurrencies

Crypto currencies and tokens are different from themselves, if the crypto currency was created using the blockchain, then the tokens are created using the same currency, using already created coins. There are over 15400 crypto coins listed on CoinMarketCap research company site, today the global crypto market capitalization is $2.36 trillion.

Top 10 Cryptocurrencies

Bitcoin BTC

Etherium ETH

Binance Coin BNB

Tether USDT

Solana SLO

Cardano ADA

Usd Coin USDC

Xrp XRP

Polkadot DOT

Terra LUNA

Usages of Cryptocurrency

Crypto is used for many purposes online, primarily for exchange of goods and services. And Trading purpose to earn and increase the profits, we can trade to multiply our income online using cryptos. 

Each coin has a different price in the market so it changes the price fluctuation in the market everyday. Buy crypto when the market is going up and sell them when the market going down. Crypto can also be used for transactions to buy and sell things and services online. 

We can invest crypto for mlm businesess and other business purposes. Crypto can be stored in different wallets to keep and secure the money. 

What is cryptocurrency exchange? 

A crypto currency exchange is a marketplace or a place where people can buy and sell or Trade digital currencies online for cash. It acts as a mediator between buyers and sellers, and they allow us for trading between currencies. 

Crypto Trading is an activity where people can exchange their currency with another currency to earn profits. Exchanges not only provide trading but also offer investment and mining plans. 

To open an account in exchange, we need to register with our personal details with a email and password, after that, we need to complete the KYC process to start trading and investing to earn profits. 

There are two types of currency exchanges, centralized exchanges and decentralized exchanges. Centralized exchanges are required to complete the KYC process, but decentralized exchanges are not required to complete KYC to begin.

Top crypto currency exchanges

Binance: Binance.com is a world largest crypto currency exchange in terms of daily trading volume. Binance was founded in 2017, they are also providing a trading platform where people can buy and sell crypto online, binance has a separate wallets for Android and iOS mobiles.

Coinbase: Coinbase.com is a most popular trading platform today. To buying,selling and storing crypto is more secure in this platform.

Wazirx: Wazirx.com is a India most trusted bitcoin and crypto like litecoin,ripple, etherium and more trading market. Wazirx providing lowest fee for trading and transactions. They are a leading indian market and they have more than 80lakhs members now.

Remitano: Remitano.com is a global leading peer to peer Cryptocurrency exchange. In Remitano we can buy and sell crypto such as BTC,LTC,ETH and more using fiat money. To buy and sell crypto is easy on remitano. 

How to buy and sell Cryptocurrencies

Choose an Exchange Platform or a Brokerage Site To Buy Or Sell Your Coins.

Once you have decided which coins to buy and sell, the next step is to choose an exchange platform or a brokerage site to buy or sell your coins. There is a wide range of options available in terms of exchanges and it's important that you do some research on each to find out which platform best suits your needs. Make sure that the platform has a good security system in place, offers customer support, and has reputable reviews from users.

To buy and sell cryptocurrency from exchange, you need to complete registration with KYC, after ID verification, you can easily invest money in it and can buy cryptocurrency using UPI, online banking and debit cards. Some wallets like Trustwallet allow us to buy cryptocurrencies directly with debit cards. On all exchanges after login select a crypto you want to buy and enter a crypto count and select the 'buy' button, it will redirect you to the payment page. After purchasing the coin, it will be reflected in the exchange's default wallet. After exchanging or buying the crypto currency, you can trade crypto using other crypto pairs or USD, if you want to convert it into fiat money, you need to sell the currency with US dollars. After selling the cryptocurrency it will be reflected in the USD balance of the exchange wallet and then you can withdraw it to your local bank account easily. To sell crypto you can use exchange like Remitano,Wazirx, Zep pay etc. 

How to create a Cryptocurrency wallet

To create an online wallet, you can choose the best wallet, such as Trustwallet and Tronwallet. Binance, Coinbase, Remitano also offer separate wallets for Android and PC. After you download the wallet app to your mobile or web wallet on your PC, click the sign up button, enter your email and password, then you want to create a passphrase which is the key you want to store privately, it's the key is used to recover the account if the password is lost. The created account has a public address that you want to share with others to receive your payment. This address will be used if you need to transfer the crypto from the exchange.

How to store Cryptocurrency.

There are many ways to store crypto in wallets. There are 3 types of wallets are used, hot wallets, cold wallets, and paper wallets. The hot wallet is always connected to the Internet, but the cold wallet is not always connected with Internet. Another wallet is called offline wallet which looks like a USB flash drive, Ledger wallets provide two types of USB storage, Ledger Nano S, Ledger Nano X, in this 2 types of wallets we can use to store crypto with 27 coins and 1500 tokens. Most of the offline hardware wallets are created highly to secure the currency. Storing crypto currency is an easy process when we own a wallet and get a public address. That address will be used order to sending and receiving the crypto in the wallet. The wallet has a secret password, we use that password to open and close the wallet. The wallet balance is always displayed on the dashboard screen, you can also hide the crypto balance by clicking on eye icon on dashboard. When you received and sended the cryptocurrencies, you can track the all transaction details using transaction ID, it recorded in history on the dashboard.

How to send and receive Cryptos

To sending and receiving crypto is a easy process but we should recheck the public address order to send and receive currency. If we wrongly entered public address (wallet address) currency will lose and can't recover the crypto currency back. 

Mostly people using transactions between exchange and wallets. When we are going to send a crypto, firstly we select the currency and enter the count of crypto after can enter the wallet public address or exchange address, every exchange has its own default wallets attached with them.

How to make Cryptocurrency for free

I already talked about how to make cryptocurrency online, if you are looking to earn free cryptocurrency, I can suggest some ways that you can do just by completing small tasks online. One of the best methods is to join an airdrop program. It is a program where companies are launching new coins on the market. This project will be publicly announced for the people participating in the project. Companies need to sell the crypto in bulk on the market, so it can be sold at the same price, or at a lower price, it can be free as a reward. This project and contribution is called an airdrop, the members of this project will get rewards by participating and completing tasks in the projects. Another easy way to earn cryptocurrency is to join freelancing sites. Survey sites and PTC sites offer payments like Bitcoin, Litecoins, etc.

List of free crypto earning sites

Freelancing sites

Picoworkers

PTC Sites

Faucet pay

Kingbtc

Ptcshare

Conclusion

Cryptocurrencies are legal in many countries, only some countries have restricted online payments, such as India. But buying and selling (Commerce) is allowed in India. I used crypto market details from CoinMarketCap research company site and other exchanges. I have listed the exchanges and coins that are the most popular and leading companies. 

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