How Digital Nomads Can Take Advantage of Cryptocurrency

We all know a guy who knows a guy who invested in cryptocurrency early on, and by now, he’s basically on top of the world. Lead by that example, you’ve probably read a thing or two about the topic by now, and you want to get in on the action?

On first look, there’s nothing wrong with that picture. There are tons of options out there at the moment, and because you are a digital nomad, you’re probably willing to explore the unknown and risk it all, am I right? If that’s the case, stick around, and you might learn a trick or two. Let’s begin...

It’s more difficult than you think

First move to make is to hit the trading platform, acquire the cryptocurrency of your liking, and store it in a wallet. Sounds simple enough, right? Truth be told, it really is, but not if you’re a digital nomad. If you travel a lot, trading platforms might prevent you from accessing your account based on their strict ID policy. The customer support can only do so much with such rigid rules, and you can end up wasting a ton of time, trying to explain your complicated situation, much to no avail.

Offer your services and get cryptocurrencies in return

You’ve probably heard the expression that cryptocurrency will eventually replace money. Whether this statement is true or not, you decide on your own as it’s a different topic entirely, so let’s not dwell on that any further. However, the fact is that it’s now entirely possible to receive cryptocurrency donations. The only thing you have to do is to find your own personal QR code, which is generated by your wallet. Of course, you don’t have to be a computer genius to be payed in coins either. You can even trade some goods you produce and exchange them for a chance to get into the game. Sounds pretty sweet if you ask me.

Can I interest you in mining?

There are thousands of pessimistic articles out there, claiming that mining is nothing more than a waste of time and resources. Honestly, there’s some truth to this claim, especially if you’re living in a country where the electricity bills are rather high, or if your laptop is pretty basic. The other path would be to invest huge money in graphic cards, and let them run all day long. While you will probably end up with nothing more than $20 on your account, that money can cover for some of your other expenses, such as a beer or two. This tactic is especially useful if you don’t have to worry about your electricity bills (you’re staying in a hotel, for example). It might not be much, but you won’t have to do a thing, except click your mouse a few times. Is it worth it?

Set up a trading team

Being on a trading market while on the road is not an easy thing to do, and we won’t tell you otherwise. While most of your competitors will probably be looking at a couple of monitors, eyeing every change with the utmost attention, you’ll get stuck with nothing more than your trusted laptop. Luckily, if you have some friends who are also into trading, you can share valuable information, and succeed together. This especially works if your team is spread out across the globe, which will allow you to monitor the latest changes all the time. Bringing in a different set of eyes to your assistance can be a great deal.

Don’t worry if you get it wrong sometimes

Everyone makes mistakes, especially if the stakes are very high. Cryptocurrencies have become a serious source of income for some individuals, but guess what, even the best ones fail from time to time. As is the case with everything else, if you fall down, get right back up, and never lose that faith. Always do your research and don’t be afraid to take a risk every once in a while. It can pay off big time.