How to earn cryptocurrency without investment

monero-xmr Earning

There are many options for making money from cryptocurrency. Each of them requires funds at the start. And the more money a trader invests, the higher the potential profit. But the number of potential losses also increases with the growth of the deposit. Now we are going to look at variants, how can you get the ethereum loan to buy crypto without investing? In these cases, the user does not need any starting capital at all.

Affiliate programs of cryptocurrency exchanges

Almost all cryptocurrency exchanges pay traders for inviting new users. For this purpose, the trader receives a unique link, which can be freely distributed at any site on the Internet. Usually, payments for such programs are fixed (e.g., 5 USD), or represent a percentage (e.g., 10%) of each commission paid by the invited trader (referral) during trading.

CPA programs are different in that they give rewards for targeted actions of a partner (for example, making a deposit). The reward is usually an exchange token (like BNB at Binance), which can be exchanged for another asset or withdrawn. Finally, introducing programs – they bring income to the user when he introduces others to the world of cryptocurrencies through his resource (for example, a channel on YouTube or Telegram).

Earnings from cryptocurrency through this method are extremely individual and depend on the terms of the contract. For example, if you made a contract with Binance and invited more than 500 new users, the platform will pay you 50% of the commission for each of them.

  • Advantages: allows you to earn on cryptocurrency without investing, the profit potential is unlimited, and you can participate in several programs at once.
  • Disadvantages: requires high social activity, you need untwisted blog or channel, and the profit is accumulated rather slowly, especially at the start.

Binance Coin

BNB is the official service token of one of the largest crypto exchanges. Analysts predict that Binance coin could be a great buy for the following reasons:

  • The token has been showing good growth since its issuance, and the crypto-exchange itself has been working steadily, attracting new users, so there is no reason to believe that the trend will reverse.
  • The coin can be used to buy other cryptocurrencies, get additional discounts and lower commissions while working on the exchange, make purchases in decentralized networks, as well as to pay for hotels, airline tickets, and gift cards to home appliances and electronics stores.
  • BNB can generate additional passive income through staking.
  • The token is protected against inflation – the cryptocurrency exchange buys back some of the coins purchased several times a year and “burns” them.

The easiest way to purchase BNB is directly from the Binance exchange. To do this, the user will have to:

–       Register on the platform.

–       Top up the account.

–       Press the “Binance Convert” button in the “Trading” section.

–       Enter the desired amount.

–       Press the “Preview” button to verify the correctness of the transaction.

–       Confirm the transaction.

It is not necessary to go through the verification procedure on the exchange. However, if you officially confirm your identity, the purchase volume is increased.

Bitcoin

Bitcoin is the very first cryptocurrency. And it has already started to be called a legend of the cryptocurrency market. At the moment, BTC is the best fit for the role of “digital gold” – an asset that is not bought for quick speculation, but for long-term investments that can balance an investment portfolio.

Bitcoin:

  • Characterized by the highest liquidity;
  • Easily exchanged into any cryptocurrency;
  • It is accepted as an official means of payment in several countries;
  • It has a huge capitalization – BTC accounts for almost half of the value of the whole crypto market;
  • It is protected from inflation due to the limitation of the total number of coins.

Bitcoins can be mined, but now it requires very expensive computing power. That’s why most people are more profitable to buy Bitcoin, more precisely to buy Satoshi, because the value of one BTC coin has already reached high values.

You can buy Bitcoin:

–       On a specialized platform that trades cryptocurrencies.

–       At an exchanger.

–       Through an electronic payment system.

–       On a platform that makes secure transactions between two users in a P2P format.

–       In a crypto-machine, which is installed in major cities.

–       In-person, but only keeping in mind that in this case, the risks of fraud will be particularly high.

MEXC P2P

  • Cryptocurrencies available: Bitcoin (BTC), Tether (USDT), Ethereum (ETH), EOS (EOS), Ripple (XRP), USD Coin (USDC), True USD (TUSD), Tron (TRX), AME Chain (AME)
  • Commissions: none

The trading platform offered by the exchange MEXC Global. Similar in functionality to the previous platforms, it allows confirmed users to trade cryptocurrency for fiat directly with each other.

On MEXC P2P, customers can buy or sell a fairly wide range of assets. There are no transaction fees at the time of writing. A variety of payment methods are available, including cards and payment systems.

KuCoin P2P

  • Available cryptocurrencies: Bitcoin (BTC), Tether (USDT), Ethereum (ETH), USD Coin (USDC), KuCoin Shares (KCS)
  • Fees: no

Users of KuCoin P2P on the exchange with the same name have the opportunity to trade in demanded currencies, making payments in 20+ variants. There are no commissions, and verification of traders is required. More than two dozen global fiat currencies and a variety of transfer methods are used as payment methods. All you need is to find an offer from a merchant, which accepts the payment method you are comfortable with.

Bitzlato

  • Available cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Litecoin (LTC), Dash (DASH), Tether (USDT), USD Coin (USDC), Dai (DAI), MonolithosDAO (MCR), Measurable Data Token (MDT)
  • Commissions: 0.5% from ad creator

The P2P exchange Bitzlato is based on a telegram bot that has been in operation since 2015. The goal of the launch is to create a multifunctional platform that will include not only an exchanger but also a mining pool, merchant service, encrypted wallets, an exchange

The creator of the ad pays a commission of 0.5%, for his counterparty commission is not provided. The platform is a complete funds management system, including wallet, exchange, and trade tools, while creating all conditions to minimize costs.

Pexpay

  • Available cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB)
  • Fees: None

Pexpay is a p2p exchange that is supported by Binance exchange. Importantly, they allow you to link your account to your Binance account and transfer funds between platforms without fees. It is recommended to use this exchange if you want to use a payment method not supported on Binance itself. Trade requires verification, it can be transferred from your Binance account.

Investing

Investors make long-term investments based on investment fundamentals. For example, how much profit a company makes. Although cryptocurrencies are a new and unique asset type, similar principles can be applied to them.

Many Bitcoin investors adhere to the “HODL” philosophy. They believe so deeply in the success of Bitcoin that they are going to hold it for a long time. Don’t take their word for it! Read our Detailed Guide to Bitcoin and draw your own conclusions.

After reading it, you might want to join the ranks of Bitcoin-HODLer. It will take you a few minutes to do so. Just go to the Buy Cryptocurrency page and follow the instructions. Creating an account for investing is quick and easy. You also do not need to rush and invest a large amount of money. The minimum investment amount is only 15 dollars! So, what can I read about investing in cryptocurrency?

Conclusion

CoinLoan is a 100% automated platform and one of the most technically advanced in the cryptocurrency market. With a wide range of digital assets, CoinLoan customers have maximum flexibility in choosing the currency that best suits their needs.

Monero Price Forecast: Promising Outlook for April 2023

monero-xmr Price Prediction

Our current Monero price forecast anticipates a 6.72% increase in value, with Monero reaching $173.02 by April 24, 2023. Technical indicators presently suggest a Bullish sentiment, while the Fear & Greed Index stands at 63, indicating Greed. In the past 30 days, Monero experienced 17 green days (57%) and 2.00% price volatility. Based on our prediction, it’s an opportune time to invest in Monero.

EU Tax for Monero (XMR)

monero-xmr Taxes

Monero (XMR) is a popular cryptocurrency that offers users increased privacy and anonymity compared to other cryptocurrencies. As more people begin to invest in Monero, it is important to understand the tax implications of these investments. In this article, we will explore the EU tax implications for Monero (XMR) and how to stay compliant with tax regulations.

 

What is Monero (XMR)?

Monero (XMR) is a decentralized cryptocurrency that uses a unique cryptographic technology called ring signatures to provide increased privacy and anonymity for users. Unlike other cryptocurrencies such as Bitcoin, which have public ledgers that track all transactions, Monero transactions are untraceable.

Monero (XMR) has gained a lot of attention from investors due to its privacy features and potential for growth. However, as with any investment, it is important to understand the tax implications of investing in Monero.

 

EU Tax Implications for Monero (XMR)

In the EU, the tax treatment of cryptocurrencies such as Monero (XMR) varies depending on the country. However, in general, cryptocurrencies are treated as assets for tax purposes and are subject to capital gains tax.

Capital gains tax is the tax paid on profits made from selling an asset such as Monero (XMR). If you buy Monero (XMR) at one price and sell it at a higher price, you will need to pay capital gains tax on the profit you made.

The rate of capital gains tax varies depending on the country, but in the EU, it is typically between 0% and 50%. The rate is usually based on the investor’s income, the size of the gain, and the length of time the investment was held.

 

Staying Compliant with EU Tax Regulations

To stay compliant with EU tax regulations, investors in Monero (XMR) should keep accurate records of all their transactions. This includes the date of purchase, the price paid, the quantity purchased, and the date of sale (if applicable).

Investors should also keep track of any expenses related to their Monero (XMR) investment, such as transaction fees or the cost of a hardware wallet.

It is important to note that tax regulations can change over time, and investors should stay up-to-date with any changes in tax law that may affect their Monero (XMR) investment.

 

Taxation of Staking Rewards

In addition to capital gains tax, investors in Monero (XMR) who participate in staking may also be subject to income tax on their staking rewards.

Staking involves holding a certain amount of Monero (XMR) in a wallet and using it to validate transactions on the blockchain. In exchange for this service, stakers are rewarded with new Monero (XMR) coins.

Staking rewards are typically treated as income for tax purposes and are subject to income tax. The rate of income tax varies depending on the country and the investor’s income level.

 

Conclusion

Investing in Monero (XMR) can be a great way to diversify your portfolio and potentially earn high returns while maintaining privacy and anonymity. However, it is important to understand the tax implications of investing in Monero (XMR) and to stay compliant with EU tax regulations.

Investors should keep accurate records of their transactions and stay up-to-date with any changes in tax law that may affect their investment. By taking a thoughtful and strategic approach to investing in Monero (XMR), investors can achieve their financial goals and position themselves for long-term success.

Avoid Tax Surprises: Learn the Latest Rules for Monero XMR in Canada Now!

monero-xmr Taxes

Taxes are an unavoidable part of life, and the same applies to Monero XMR in Canada. Cryptocurrencies, such as Monero XMR, are subject to the same rules as traditional forms of currency when it comes to taxes in Canada. The federal government has issued guidelines on how digital currencies should be taxed.

In Canada, cryptocurrency transactions are treated as barter transactions. This means that when a trade is made involving Monero XMR, both parties must declare any resulting gains or losses for taxation purposes. Any profits or losses from trades involving Monero XMR must be reported on your income tax return when filing with the Canadian Revenue Agency (CRA).

It is important to keep accurate records of all transactions involving Monero XMR, including the date of the transaction, type of transaction (buying/selling), amount exchanged and place where the transaction occurred. It is also important to keep track of all related fees and expenses including mining costs, commissions paid to exchanges and other costs associated with trading Monero XMR.

When it comes time to file your taxes with CRA it is important to declare any income earned from trading Monero XMR as capital gains or losses depending on whether there was a profit or loss incurred during the year. Capital gains should be reported on form T923 “Statement of Securities Transactions” while any losses should be reported on form T1A “Statement Of Losses From Disposition Of Property”.

It is also important to note that any payments made in cryptocurrencies such as Monero XMR may also be subject to GST/HST depending on how much you receive for your goods and services. Any payments received over $30 CAD must have a GST/HST charged at 13% for most goods and services provided in Canada (except Quebec where it’s 14%).

Finally, it is important to ensure that you comply with all local laws when dealing with cryptocurrency transactions such as those involving Monero XMR. It is also highly recommended that you consult with a qualified tax professional if you have any questions regarding taxation on cryptocurrency transactions in Canada.

Taxes may seem daunting but they don’t have to be scary if you understand what needs to be done when dealing with cryptocurrencies like Monero XMR in Canada. By keeping accurate records of all trades and consulting a qualified tax professional when needed, you can help ensure that you are up-to-date with CRA’s regulations when it comes time to file your taxes each year. Furthermore, understanding what kind of GST/HST needs to be applied depending on how much money you make on certain goods or services will help ensure that you’re staying compliant with CRA’s regulations so that you avoid being fined or penalized come tax season.

Taxes in the USA for XMR

monero-xmr Taxes

As a United States citizen, it is important to understand the tax implications when owning and selling Monero (XMR) or other cryptocurrencies. The Internal Revenue Service (IRS) views these digital assets as property, and therefore any profits or losses from their sale will be subject to capital gains tax.

To accurately calculate the capital gain or loss on Monero (XMR), it’s vital to keep accurate records of the purchase price and any expenses incurred during the acquisition and holding of the cryptocurrency, such as transaction and storage fees.

If Monero (XMR) is held for less than a year, any gains will be considered short-term and taxed at the same rate as ordinary income. However, if the Monero (XMR) is held for more than a year, the gains will be considered long-term and taxed at a lower rate. Capital losses can also be used to offset capital gains, reducing overall tax liability.

In addition to capital gains tax, self-employment tax may also apply if Monero (XMR) or other cryptocurrencies are used as a form of business or trade, currently set at a rate of 15.3%.

It’s also important to note that certain states have their own cryptocurrency tax laws and regulations, so it’s important to check with the state tax agency for any additional taxes that may apply.

When reporting cryptocurrency transactions to the IRS, it’s important to use Form 8949 and Schedule D of the Form 1040. Form 8949 is used to report capital gains and losses from the sale of property, including cryptocurrencies, and Schedule D summarizes this information and reports it on the Form 1040. It’s also worth noting that virtual currency miners are subject to self-employment tax on the income derived from mining activities, as stated in IRS guidance issued in 2019.

It’s important to keep in mind that the IRS has been actively enforcing compliance with virtual currency tax laws, so it’s essential to report your virtual currency transactions correctly and timely. The IRS has been using various methods, such as sending warning letters to taxpayers who might have failed to report their virtual currency transactions and using third-party data providers to identify taxpayers who might be underreporting or not reporting their virtual currency transactions.

In summary, as a United States citizen, you will be subject to capital gains tax when selling Monero (XMR) or other cryptocurrencies. The rate of tax will depend on how long you’ve

held the Monero (XMR), and you may also be subject to self-employment tax if you’re using Monero (XMR) or other digital assets as a form of business or trade. To ensure compliance with all applicable tax laws and regulations, it’s essential to keep accurate records and consult with a tax professional. Additionally, it’s important to be aware of any state-specific laws and regulations regarding cryptocurrency taxes, and to be mindful of the IRS’s enforcement efforts in this area.

It’s also worth noting that Monero (XMR) is known for its privacy features, making it more difficult for the IRS to track transactions and enforce compliance. However, this does not mean that taxes can be avoided, as the IRS has issued guidance stating that taxpayers are still required to report and pay taxes on income from virtual currencies, regardless of the level of anonymity.

In short, owning and selling Monero (XMR) or any other cryptocurrency has tax implications that need to be taken into account. It is essential to keep accurate records and consult with a tax professional to ensure compliance with all applicable tax laws and regulations. Additionally, it is important to be aware of any state-specific laws and regulations, and to be mindful of the IRS’s enforcement efforts in this area.

Monero (XMR): pros/cons

monero-xmr Overview

Monero (XMR) is a privacy-centric cryptocurrency. Monero has become increasingly popular due to its focus on privacy and security, as well as its scalability and fungibility. It uses ring signatures, stealth addresses, and other features to ensure that transactions are untraceable and secure. Learn more about how XMR works, the benefits of using it, and some of the challenges that come with it.

 

Pros:

– High privacy and security features

– Highly scalable and fungible

– Untraceable transactions

– Low energy consumption

Cons:

– Slow transaction speed compared to other cryptocurrencies

– Prone to hacking or malicious attacks due to its anonymity

– Limited usability outside cryptocurrency exchanges

– No smart contract capabilities like Ethereum or other platforms.

Overall, Monero offers a great combination of privacy and security features that makes it an attractive choice for those looking for a cryptocurrency with strong privacy and anonymity. It also has low energy consumption and is highly scalable, making it an ideal option for users who want to transact quickly without worrying about their data being exposed. However, it does have some drawbacks such as slow transaction speeds and limited usability outside exchanges. In the end, Monero may not be the right choice for everyone but could be a great option for those looking for extra security and privacy in their digital transactions.

Monero investors thrilled about XMR’s stability

monero-xmr News

At a time where a bunch of crypto projects have been struggling for survival, Monero [XMR] seemed to have found stability. According to CoinMarketCap, few cryptocurrencies have been able to match XMR’s performance since the FTX crash forced the entire market into catastrophe.

The price tracking platform revealed that XMR rose an impressive 16.79% within the 30-day window.

Although XMR was 72.47% down from its all-time high, the privacy coin still exchanged hands at $148.57. Due to the stirring performance, one would expect that traders would look towards XMR for quick gains. Monero has been one of those coins which mostly exhibited minimal volatility. Hence, it has been difficult for traders to look in its way.

This data confirmed that traders changed their minds. Also, since the open interest remained in greens, it established that XMR’s strength within the last month was no coincidence. In the case where the futures and open interest sustain these levels, XMR could repeat the feat in the next thirty days.

Looking at the current XMR liquidations, shorts were the most affected. Data from the derivatives information portal showed that over $45,000 has been exterminated by traders in the last 24 hours. Liquidations accounted for by long-positioned traders were almost at zero. Surprisingly, this has happened despite XMR’s minimal 1.31% increase within the same period.

However, the coin’s short-term trajectory seemed to have changed the viewpoint. According to Coinglass, the 24-hour open interest in XMR resulted in positivity across the top exchanges.

Per its on-chain condition, Monero’s development activity slumped significantly. According to Santiment, the development activity was 0.93.

The implication of this status was the upgrades on the Monero chain have not been substantial. In the last 30 days, the project did not announce any notable partnership since it asked holders to remove the tokens off exchanges on 11 November.

Besides the project’s advancement, involvement with its digital collectibles was not at an apex position. At the time of writing, the XMR-linked NFT volume was 98,400. This was the lowest the volume had hit since 12 November. This implied that interest in NFTs under the Monero chain was not astounding.

Owing to the information above, Monero traders might face rivalry from the on-chain condition in a bid to replicate the last 30-day form. For its whales, supply has not been so profound. Still, Santiment revealed that supply held by whales slightly increased to 41.527.

A further increase in this regard, coupled with traders’ interest, could help XMR maintain its stability. Nevertheless, anticipating only delight might not necessarily be the way to go, considering the shaky market state.

Monero: Extreme Fear and drop by -16.64%

monero-xmr Price Prediction

According to our current Monero price prediction, the value of Monero is predicted to drop by -16.64% and reach $ 121.09 by December 11, 2022. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 25 (Extreme Fear). Monero recorded 17/30 (57%) green days with 5.87% price volatility over the last 30 days. Based on our Monero forecast, it’s now a good time to buy Monero.

Here’s the ‘but’ of Monero [XMR] chalking up a bearish pattern

monero-xmr News

Monero (XMR) bulls were cut to size over the weekend as bears threw a massive party. This was evidenced by the bearish engulfing pattern (A tiny green candle followed by a larger red candle) on the charts. It indicates that the bears will lower the prices soon.

The bulls tried to regain control on Monday, pushing XMR’s price above $135.2. However, the bears furiously neutralized their efforts and pushed the price lower, as shown by the Shooting Star (red candlestick with a long tail).

The recent price action has formed a bearish pennant pattern. Should a bearish breakout occur, XMR could see a deep plunge towards $104.1.

After a false bearish breakout from a bearish pennant pattern in June, XMR posted a rally leading to the ATH of $174.2 in August. Since mid-July, XMR has been confined to a range of $135.2 to $167.5, with $154.1 as the midpoint.

On 9 November, XMR fell below this range and shifted to a bearish market structure. The Relative Strength Index (RSI) was at 39, below the neutral level of 50 and the On Balance Volume (OBV) has been steady for about a month. These indicators, thus, support the bearish market structure.

Therefore, a breakout to the downside could transpire, dropping the altcoin to $104.1 in the long term.

However, the bearish pennant is similar to the line formed in June (blue lines). So, if history repeats itself, XMR could see a false bearish breakout before rallying to the mid-range at $151.4 in the long term. This would invalidate the bearish bias.

According to Santiment, the elevated weighted positive sentiment seen over the weekend has levelled off. The elevated sentiment corresponded with an increase in development activity on the Monero network.

A decline in development activity was later reflected in a reduction in positive sentiment. There was a slight increase in development activity at press time, despite the neutral sentiment. Interestingly, there was also a slight increase in price movement.

Long-term investors should therefore track the network’s development activity to assess its viability and ability to attract other long-term players.

Our current Monero price prediction

monero-xmr Price Prediction

According to our current Monero price prediction, the value of Monero is predicted to rise by 1.61% and reach $ 129.55 by November 27, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 22 (Extreme Fear). Monero recorded 17/30 (57%) green days with 7.18% price volatility over the last 30 days. Based on our Monero forecast, it’s now a bad time to buy Monero.