Surely you have heard a lot about cryptocurrencies and how they made a lot of investors millionaires overnight. But how true is this news and is investing in cryptocurrency really profitable to this degree? We can say that luck has played a big role in turning ordinary people into millionaires by investing in cryptocurrencies. These people invested paltry sums when cryptocurrencies were of virtually no value. But today, with the increase in the value of cryptocurrencies and reaching a record value, it will be difficult for small investors to make a large income from them. In this article, we will review the best proven ways to make a good financial profit from cryptocurrencies.

Mining:
 
Mining is a great way for crypto beginners who are looking for a passive side income without having to have a lot of skills or capital. If you have some money, you will have to buy electronic mining equipment which are high performance computers and powerful graphics cards to decode coins and convert them into money.
However, this method is not available to everyone due to the increasing prices of these computers and devices. Alternatively, you can invest in one of the cryptocurrency protocols which enables you to invest in it with the amount that suits you. These protocols are fully equipped, clean energy mining farms that enable small investors to mine even if they don't have the money to buy the equipment. It is really an innovative and useful method for beginners which we highly recommend.
For example, there is a protocol for the Cobium coin which consists of a large mining farm located in southern New Zealand. When you invest in this protocol, you will get a certain amount of cobium that is constantly being bought, which makes it a candidate for an increase.

2. Investing in new cryptocurrencies:
Did you know that the value of Bitcoin was not worth any money when it was produced in 2009. Today, the price of the most popular cryptocurrency has reached nearly 65,000 US dollars per coin. The next currency in popularity and market value is Ethereum, whose price exceeded 4000 US dollars, and in 2015 it was only 0.75 US dollars. If you had just invested a small amount in the beginnings of these currencies, you would have become a millionaire today.
But don't worry, it's not too late. Dozens of digital currencies enter the cryptocurrency market daily, some of which promise a bright future. Investing in these currencies is a great way if you have a small capital and would like to invest it.
The Dogecoin, for example, which is behind the world's richest businessman Elon Musk, was approaching the $1 barrier after starting with less than a cent. As you can see, the opportunities are still there, you just have to study the project of each coin before investing in it and follow the guidance of the experts in the field.

3. Storage:
Storage is a safe way to invest in cryptocurrency because it works on a simple principle. Buy one of the currencies that you expect to increase in value and then send it to your wallet and wait for the currency to rise. There are also dedicated storage platforms that force you to lock your tokens for a certain period to help collect transactions on the blockchain.
Storage can last for years, but it will be of great benefit to you, if the value of your currency doubles, which will enable you to sell it for a much higher value than you bought it. This method is suitable for beginners who intend to store a certain amount of money without going into market analysis and following the movement of currencies.

4. Intraday trading:
This is the hardest way to make profits with cryptocurrency which requires a lot of analysis skills and control of nerves and emotions. The movement of cryptocurrencies is somewhat random and incomprehensible as the movement of foreign currencies in the forex market. Therefore, if you intend to enter the fray of day trading on cryptocurrencies, you should study the market in depth, watch many analysis videos for expert traders, and start with a small capital. You can also open a demo account in various trading platforms and test your skills long enough before trading in a real account.