7 Smart Crypto Money Moves To Make Today

Whether you are still on the fence about purchasing your first bit of crypto, or you have a significant percentage of your net worth in crypto… there are a few simple money moves that can make a huge difference in growing and protecting your wealth. As the saying goes, “fortune favors the prepared mind”.

Here are 7 smart crypto money moves you can help yourself make today.

Money Move #1: Earn up to 8%* Interest on Your Crypto By Doing Nothing

With the current interest rate environment, traditional and digital banks are simply not able to offer competitive interest rates for their savings accounts. At the time of writing, Chase Premier Savings APY is only 0.02%. Enter Nexo.io, a new crypto lending platform that allows you to earn up to 8% interest on your cryptocurrency investments. Interest rates will vary by each coin and distribution method. Now you can understand why there has been so much excitement and growth in the decentralized finance (DeFi) space.

Nexo.io is great for long term crypto holders who want to earn high interest rate returns on 23 different types of assets. Not only can you earn interest on your holdings, but you can also borrow against your crypto assets. Rates start from just 0% and never exceed 13.9% – and Nexo.io never looks at credit scores. Sign up to Nexo.io today and get up to $100 in BTC as a Welcome Bonus with our link.

Money Move #2: Invest in Crypto Tax-Free with your Retirement Account (IRA)

Do you want to use your retirement money to invest in alternative investments like crypto? Look no further than AltoIRA. With an Alto CryptoIRA®, investors can use their retirement savings to buy, sell, and trade through its service that’s powered by Coinbase.

The CryptoIRA offers $10 investment minimums with more than 125 crypto assets to select from. The CryptoIRA offers 24/7 real-time trading, no monthly account fees, and a completely optional (and free) concierge service to help investors set up and fund their account. Not only that, because of Alto’s integration with Coinbase, investors don’t have to go through the hassle of creating a wallet or choosing an exchange.

Who knows…the currency of the future might just shape yours.

Money Move #3: Sign Up to the Best Crypto Exchange, Get 5% Back on Trading Fees

If you’re trying to decide on which exchange is the best to buy crypto, we recommend FTX for a variety of reasons. Aside from Tom Brady and Steph Curry both being team FTX, they also charge much lower trading fees than some of the other leading exchanges, and have the best trading platform and tools. You can also feel good about giving FTX your business, as the founder Sam Bankman-Fried is a practitioner of effective altruism–which basically means Sam is on a mission to give his money away for positive causes (so you can feel good about where your money goes).

Crypto ExchangeFees Paid on $1,000 BTC Purchase
FTX$4.00
Coinbase$14.90
Coinbase Pro$5.00
Source: ftx.com, coinbase.com. Using estimates of taker fees from lowest payment tier on each platform

Make your deposit with FTX today and get 5% back on your trading fees when you sign up through our partner link below.

Money Move #4: Keep Your Crypto Secured with a Cold Wallet

You need a hardware wallet if you’re holding cryptocurrency or NFTs. The fact is that too many exchanges get hacked or taken down. If you keep your money on a crypto exchange, you’re risking your entire investment.

Ledger‘s the smartest way to secure and protect your crypto assets with their sleek hardware wallets. They’ve also built Ledger Live which allows to buy and exchange crypto directly through your Ledger wallet. It’s our favorite hardware wallet out there, and it’s no surprise it’s trusted by 4 million customers. Get your Ledger wallet today and protect your crypto.

Money Move #5: Make Doing Taxes Easier with Crypto Tax Software

It’s tax season, and while we are certainly not financial advisors, you might want to make your life a lot easier and use a crypto tax software like CoinTracker. Accurately tracking cryptocurrency investment performance and taxes is hard, and CoinTracker make it easy and help you save money with their industry leading crypto tax software. Import your data automatically via API or upload a CSV of all your trades from over 300+ exchanges & 10,000+ cryptocurrencies. CoinTracker so easy to upload your trades, the price is very reasonable, and they’ve even built support for DeFi protocols and NFTs. Do yourself a favor and try CoinTracker this tax season.

Money Move #6: Mine Bitcoin Without the Headache

Wouldn’t it be great to be able to mine Bitcoin without having to figure out how to set it up or have extremely loud ASIC computers overheating your living room? Well now you can, with Compass Mining. Simply purchase a Bitcoin miner from Compass Mining and pay a monthly hosting fee, and they’ll take care of the rest. Compass takes care of all the set up and hosts the Bitcoin miners in various locations they have set up around the world. Even Jack Dorsey (Founder of Twitter and Block Inc.) tweeted that he was trying mining with Compass Mining. We at Web3 Money even have a few Bitcoin miners set up through Compass Mining ourselves, and we are huge fans.

Money Move #7: Subscribe to Web3 Money’s Free Email Newsletter

Perhaps the easiest and smartest money move of them all…is signing up for our free web3 newsletter. Our free email newsletter helps you make sense of all things web3 with fun and entertaining 5 minute reads recapping the latest news and updates. Try us out and subscribe for free today.

Please read our Disclaimer: Web3 Money is a paid affiliate for many of these products and services and may receive compensation. This material has been distributed for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk. Financial investment involves the risk of loss. We are not financial advisors nor tax advisors. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Web3 Money does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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