A big thanks to the many who have emailed me regarding this topic. I will gladly share the cryptocurrency tools that I use to make an easy, passive income. However, keep in mind that I am only a crypto enthusiast. I’m no pro! On a similar note, understand that there are plenty of tools out there, some of which (I’m sure) will be better than those I will provide here. However, I chose the following tools because they are easy to learn, easy to use, and rather effective for what I wanted.
So, below is a list of some of the cryptocurrency tools that I personally use. I will explain what the tool is, as well as provide a link to the tool itself. At the end of the article, I will also provide a strategy for how I use the different tools together. I hope you enjoy them, and best of luck in your crypto journey.
The chances are good that if you look up a Youtube video for crypto T.A. (technical analysis), the charts and figures that you’re seeing include those provided by TradingView. TradingView is powerful for many different reasons. For starters, it’s not just charts. Depending on what you sign up for, you can get live quotes, stock charts, and expert trading ideas. TradingView also offers a social network for traders and investors on Stock, Futures, and Forex markets!
To give you an idea of how powerful I find the platform, I use TradingView for all my crypto projections regarding my Bitcoin trades. For me, it’s cleaner, quicker, and more accurate than most other chart services I’ve seen. Additionally, you can get some awesome plugins for it.
If you are interested in this charting service, CLICK HERE TO START WITH TradingView
I have written about this before. Celsius Network is a wallet that allows you to earn big interest in the crypto you hold. So, for me, I hold (HODL) the coins that I’m not actively trading in my Celsius wallet. That way, I can earn interest on the crypto that I am not using. I want my money to always work for me. This helps to make that happen.
The only downside seems to be that it doesn’t take all the coins out there – which would be a crazy request anyway because there are thousands of different coins now. Another downside seems to be their bank connection port. It’s somewhat clunky and can sometimes take a few days to complete a transfer. So, use a card instead, and the problem is solved. Either way, the interest is great and totally worth it. You can learn more about his by reading a recent article I did titled Celsius Network Referral Code & Bonus. Either way, follow my link below, and when you invest in yourself, you’ll get a free Bitcoin bonus! Too easy!
If you are interested in this interest-bearing wallet, CLICK HERE TO START WITH Celsius
Another wallet I like is Nexo. But you cannot buy coins there. It’s just for holding. Something to think about.
Easy Cryptocurrency Mining
Yup! You can actually create money! Now, you’ve probably heard about the massive multi-million dollar mining farms for those who mine for Bitcoin. Or perhaps you’ve heard that mining is expensive to get into or that the obstacles are just too great for the common person. Well, that’s all nonsense. You can actually mine for cryptocurrency at home.
There are actually quite a few easy ways to get your feet wet in cryptocurrency mining without breaking the bank. Granted, you won’t be making millions or even thousands of dollars at first, but a few extra bucks a month is definitely worth the time and can go a long way. You don’t need any special equipment either. In fact, as long as you have a decent PC with a decent graphics card (like an AMD or Nvidia graphics processor (GPU)), then you can get started in no time at all.
There are several options to make this happen. Today, I’m going to share a couple that I have experimented with personally. Each has pros and cons, but both can get you started and on your way in only a few minutes. I’ll tell you right now that I appreciate option #1 for the ease of use and option #2 for the slightly better profits. However, I have both running on different machines. With either of these methods and with a decent computer, you stand to make somewhere between $25 and $150 a month – with an average of somewhere around $60. That’s passive income – money you earn while you sleep, work, eat, exercise, etc.!
Weaker machines = less income. Stronger machines = more income. More machines = more income. You get the idea. Best of all, you are literally creating wealth that is not dollar-based. I love it!
Mining the Relatively Easy AND Profitable Way
This way is fairly easy. It’s definitely not the most efficient or high-tech, but it can get you some extra cash. There are three things you need to do.
Step #1 – Set up your wallet and get your wallet number. For ease of use, I would recommend you use your Celsius or Nexo wallet, a Coinbase wallet, or your favorite wallet. If you don’t have a wallet, you’ll need to set up an account. Start off with something easy. You can also transfer to a different wallet if you don’t like the one you have.
I would say try Nexo or Coinbase. Coinbase is a popular wallet, and I have an account on there as well. It’s just not my primary. I like Coinbase because you can also earn free crypto by watching short videos and learning about various coins. Get your Coinbase Account Here. That being said, know that I prefer to use my Celsius or Nexo wallet for this step because I want the interest. The point is that you need a wallet to put your funds.
Step #2 – Pull these sites up in your browser.
Then, follow this quick tutorial, and you’ll be mining for crypto in about 10 minutes. Too easy! Note, however, that this route may require you to bypass some security features on your computer.
UPDATE: Since publishing this article, there have been some mining questions. Indeed, if you are new to mining, it can be a bear sometimes. There is good news, though. Most of the problems are fairly straightforward. First, let me provide the following.
These videos should provide you some extra tips in making sure you can get things going. I will also add that when it comes to the security features, I had to allow each occurrence (during benchmark) in my Windows Defender to get my machines to start mining correctly. Not a big deal; just allow them when they pop up. Remember, you need a decent PC with a decent graphics card for this to work correctly. If you have questions about laptops or GPUs, please check out my article on that.
I no longer use BitSeven. Not because it wasn’t an awesome way to make money, but because they experienced some sort of difficulty and needed to shut down the entire site. Unfortunate.
Using these Cryptocurrency Tools Together – My Strategy
I use my cryptocurrency tools in tandem. So basically, one tool feeds another. For example, on my Brave account, I set the coins to be paid to me as Ethereum. Then, on my Mining Pool Hub, I set that to where I will be paid in Ethereum as well. I have everything set to Ethereum, and I funnel my earnings to my NEXO or Celsius wallet to accumulate and gain interest. It is passive income that slowly builds, with compounding interest. So, it starts slow but builds rather quickly over time because I am constantly adding to it.
The best part is that, for the most part, it all happens behind the scenes and without any extra effort on my part. My computers make the crypto; the programs deposit the funds, and the wallets save the crypto and compound the interest. By the way, it doesn’t have to be set to Ethereum. You can set these to almost any of the major alt-coins, or even Bitcoin. It’s really up to you. I was just sharing what I’m doing. I’m setting everything to Ethereum because of where I think it’s heading. My strategy might change if things change or another coin begins to make more sense. Do what is right for you.
You’ll come up with your own strategy, for sure. And remember, it’s not a get-rich-quick scheme; it’s just passive income and fun. And frankly, the world of digital currency is on the way; why not make some money and have some fun while you get your feet wet? And, if you enjoy messing around with these cryptocurrency tools, you can always expand and get a bigger operation going.
I hope you have enjoyed this list of cryptocurrency tools. While there are plenty of others to consider, these will definitely get you started in the world of cryptocurrency. Remember, be sure to do your homework and do what is right for you. The good news is that there are plenty of gurus and enthusiasts on Youtube to help you.
Did you enjoy this article? Then be sure to share this one and then check out my article about great cryptocurrency mining laptops.
This article will be updated as new information and preferences come in. Last updated 1/30/21
This article on cryptocurrency tools is for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. By using this site or the cryptocurrency tools herein, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. For more information on this, please visit the Terms and Conditions page found at the bottom bar of this website. Note: Each one of these tools serves a purpose and can be maximized in various settings. Some of the links provided are affiliate links, and some are not. I personally use these tools and have no problem recommending them.
KEYWORDS: Getting started in crypto, trading crypto, mining crypto, storing crypto, interest account, making money, cryptocurrency tools