Make Money By Trading Stable-coins: As we all know that stable-coins are coins with stable prices or coins whose price changes according to stable commodities like gold, USD, etc
Making Money By Trading Stable-coins is one of the best ways to make money from crypto after crypto Arbitraj.
If you are looking to make money by trading stable-coins or want ways to make money from stable-coins?
Then you are at the right place because in this blog post you will get amazing ways to make money from stable-coins.
What is a stablecoin? & Can We Make Money By Trading Stable-Coins
A stablecoin is a type of crypto coin. Stablecoins are coins whose prices do not fluctuate too much.
Stablecoins are always packed with something. The most popular stablecoin is packed with USD.
This means the price of a stablecoin is always determined by the entity by which it is packed.
For example, the price of Tether is always taken with respect to USD. It is between 70 – 80 rupees or around 1$.
And yes, we can make money from stable-coins. Here is a list of ways in which we can make money by trading stable-coins:
- Trading Stable-coins.
- Earning Interest On Stable-coins
How do stable coins work?
The working of a stablecoin is very simple. Unlike other crypto tokens like bitcoin, Ethereum, etc you do not need to take tension of fall.
We do not know the reason behind the fall and rise of crypto. But it is not in the case of stablecoins.
Stablecoins are always well-maintained and are stable that is why they are called stablecoins.
In simple words, we can clearly identify that stablecoins are a replica of thing which is stable like USD.
What are the best stablecoins in the crypto market that we can trade
Now I hope that you understand what is a stablecoin. Now let’s look at some stablecoins in the market.
Dai is also the best alternative to bitcoin. If you want to earn money with low risk then you can trade in Dai.
Because Dai is a stablecoin if you don’t know what is stable coin then you can read about the stablecoin in detail.
It is a decentralized cryptocurrency that is running on Ethereum-based technology. The price of Dai always remains between 70 RS to 85 ( approximately ).
If you want to see the live price of Dai then you can go with the live price section of our blog.
If you want to earn with Dai then you can buy it when the price of Dai is between 78 to 80 rupees and sell it when the price is 81 to 82 rupees.
Usd Coin in short ( USDC ). Is a stablecoin that is very best if you are looking to invest your money in crypto without any risk. Hence it is a stablecoin you can also use for global transactions.
The price of a USD Coin always remains between 70 RS to 85 ( approximately ). If you want to see the live price of USD Coin then you can go with the live price section of our blog.
If you want to earn with USD Coins then you can buy them when the price of USD Coins is between 78 to 80 rupees and sell them when the price is 81 to 82 rupees.
Some more stable coins are as follows:
- USD coin
- True USD
How To Earn Interest On Stablecoins?
It is very easy to earn interest on stablecoins. With the help of the following platforms, you can earn interest on stablecoins very easily.
Read more on > How to Crypto Arbitraj Opportunities
How To Make Money By Trading Stable-coins?
With the help of a simple trick, you can earn with the help of stablecoins.
As we know that stablecoins are very stable compared to other coins. So we can trade safely in stablecoins and losses the chance of losses.
Step 1: Open an account on any crypto investing app. Like Binance, Coinbase, CoinDCX
Step 2: Complete KYC.
Step 3: Add money to your wallet.
Step 4: In this step, you have to choose a stablecoin to buy or trade. According to me, you can use the most popular USDT.
Step 5: Analysis of the lowest and highest price of the selected coin for example the price of USDT fluctuates between 70 rupees to 80 rupees weakly or Monthly.
Step 6: Now invest when the price is low and sell when the price is high. Sometimes it takes time to lose, and gain the price of USDT so wait.
In this way, you can earn from stablecoins.
Pros & Cons Of Making Money By Trading Stable-coins
|Safer as compared to other coins||Needs big capital.|
|Price Do not fall too much.||Gas Fees|
FAQ: Make Money By Trading Stable-coins
What is the best stable coin?
There are multiple stablecoins in the market but some best stable coins are USDT, Binance USD, DAI, etc.
How to earn Interest in stablecoins?
Some of the best platforms that provide interest on stable coins are NEXO, Aqru, etc
How to buy stable coins?
If you use $ as your currency then you can buy any crypto coin including stable coins very easily. But if you are from India then you need to use P2P trading on your crypto exchange.
Best place to buy stablecoins?
You can buy stablecoins from coinbase, COinswitch Kuber, Kucoin, etc
Conclusion on How to make money by trading stable-coins:
I hope that you understand what are stablecoins, the advantages of stablecoins, How To Earn by trading Stable-Coins, etc.
If you find something interesting in this blog post you can share this blog post with your friends and help them to understand what is a stable coin and how to earn from stablecoins.
Friends we also provide information on loans, insurance, crypto, etc so if you are interested in it you can check our blog post. Here are some articles that can help you.
- Best crypto apps in India?
- How to take a loan from phone pay?
- How to take a Loan from bajaj finance
- How to get a loan from Dhani App?
FInnaly I assume that in the blog post you came to know how to earn from stablecoins.
By using methods like interest on stablecoins, using daily margin gap.