As 2023 kicks off, now is the perfect time to evaluate whether you are optimizing your revenue potential from your crypto assets and whether there are any steps you could take to ensure a more secure, lucrative year ahead.
Monetize Every Stage of the Investment Process
This year, find as many ways as possible to make money even when you aren’t actively investing.
To start with, you can monetize the process of buying crypto. One project, with a unique program that make this possible, is ArbiSmart (RBIS), a popular interest-generating wallet and financial services hub that was launched in 2019.
The discount program enables you to buy crypto and get between 10% and 50% off. This means you can buy $1,000 worth of ETH with a 30% discount, paying just $700, but receiving the full $1K worth of Ethereum, once the vesting period is over.
You can pick the size of the discount, based on various conditions. These include the length of the vesting period, the currency and amount being bought, and in certain instances, whether a certain amount of RBIS, the native token, is locked, for the duration of the vesting period.
Once you’ve bought your crypto, when it is not being used for trading, it will need to be stored in a wallet, and this too can be monetized. Many interest-bearing centralized wallets are available on the market, and it is advisable to do your research to check the security, reliability, and profitability of your wallet choice.
Sticking with our ArbiSmart example, you can place your funds in one of the wallet’s savings plans and make industry-high rates of up to 147% a year,. The precise amount you earn depends on your account level (which is higher the more RBIS you own), the duration of the savings plan (anywhere from 1 month to 5 years) and the currency of the plan. Plans can be opened in nearly 30 different FIAT and cryptocurrencies, though balances in RBIS earn substantially more than balances in the other currencies.
Strengthen the Security of Your Financial Assets
Any crypto investor who has seen the carnage caused by the FTX collapse and its domino effect on other major industry players in 2022, will be aiming to shore up their defenses in 2023 and protect their crypto assets.
So, when you choose where to store and exchange your funds, check that the platform you use to see if it is locally authorized, adhering to KYC/AML documentation requirements, that they are audited, to guarantee there are reserves to cover all client capital, they are not over-leveraged and client funds are kept separate from those of the company. Easiest of all check your social channels to see what people have to say about them and check customer review sites like Trustpilot to get honest opinions on whether payments are prompt, and the platform is reliable.
For example, not only is ArbiSmart EU registered and authorized, meeting some strict security standards but it has a good name within the crypto community, with a recent article by crypto analysis and news site Kryptomonitor crediting the project alongside a few others, with helping restore investor trust in crypto.
Embrace Emerging Crypto Investment Opportunities
Take the opportunity to diversify in 2023 with new modes of investment. Whether you’ve been swing trading, staking or simply HODLing over the past year, now might be the time to switch it up a little. Broaden your horizons, try something new and make sure all your eggs don’t end up in just one or two baskets.
For example, in H1 2023, ArbiSmart is launching a series of new RBIS utilities, including a professional crypto exchange, an NFT marketplace and a DeFi protocol offering a first-of-its kind gamified yield farming program that enables you to boost your staking profits using exclusive ArbiSmart NFTs with unique characteristics. These new investment opportunities are designed to serve as fresh crypto revenue channels while also driving the value of the native token and generating substantial capital gains.
Make 2023 the year you take your crypto investing to the next level, by making every crypto purchase and every moment your funds are simply sitting in a wallet an opportunity to profit. Start the new year right, and open an ArbiSmart wallet today!
*This article was paid for. The Cryptonomist did not write the article or test the platform.