How to Trade Crypto in 2024: 5 Profitable Ways

Long-term investing: Buy and hold cryptos that have strong fundamentals, such as Bitcoin, Ethereum, and Solana, and benefit from their long-term price appreciation.

[{"selector":"#anim-b01dcd02-1a69-4ac7-b828-7ca8ff1d22ae","keyframes":{"transform":["translate3d(-126.86568%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0828cab9-d36a-435d-85de-c71cde77f342","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-604bb0d4-96d3-4a44-9eca-17ba1cdc130b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Day trading: Use technical analysis, market trends, and trading signals to buy and sell cryptos within a short time frame, and take advantage of price fluctuations.

[{"selector":"#anim-301ba410-008e-4bc3-8c57-b91df4baaae6","keyframes":{"transform":["translate3d(-119.59459%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7a4f3d37-3403-4538-816e-a90d937e410f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bf23a53d-6797-4bd8-bb9b-224810eaa4a3","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Staking: Lock up your cryptos in a proof-of-stake network, such as Ethereum 2.0, and earn rewards for validating transactions and securing the network.

[{"selector":"#anim-e29a9b16-1e4a-4a3c-9cf4-31f6a2f23815","keyframes":{"transform":["translate3d(-117.79935%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c435be27-2399-47aa-8980-e6f7b3f15bed","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ee854fe4-3a10-4648-b736-21ccf3dad087","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Lending: Lend your cryptos to borrowers on decentralized finance (DeFi) platforms, such as Aave and Compound, and earn interest on your loans.

[{"selector":"#anim-ad885cee-0de4-4a7a-98c4-0c0f69e15fc1","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-69f21d44-7bec-4708-b9fc-fe2252958a8b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d8cc7903-e390-4018-8224-3591d7e4ad28","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Savings accounts: Deposit your cryptos in a crypto savings account, such as BlockFi or Celsius, and earn passive income on your balance.

[{"selector":"#anim-3d54ba76-a1e3-4b85-9642-7ec11c84a923","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d00a6164-e34b-4eba-baf5-73d086501d15","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa213e11-dc83-4b7c-9167-e14cc5e02f7c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]