Are you bored, at home, with nothing to do and want to make some extra money? Well, I have the solution for you. Welcome to Laid Back Cash, where I will teach you how to make a lot of extra cash on the side, without getting a job or having any sort of big commitment.

This is the third article of the series, in the first one I taught you how to resell sneakers. With the second one being about stocks, and the most recent article being about dropshipping. If you have not checked that one out, you should.

This article is going to be about Cryptocurrency, or “Crypto”. Crypto is basically an asset, or a form of value that is worth actual money. The value of each Crypto is dependent on how much there is in rotation, and how badly people want it. The most popular form of Crypto, which you may have heard before, is Bitcoin. At the time of me writing this article, Bitcoin is worth around $51,000.

There are many ways to buy Crypto. You can use websites, such as Crypto.com, or apps, such as Binance or Coinbase. You do have to be 18 to use these sites, so make sure you are with a parent or someone who is above 18. Once you set up an account, you can link your bank account, and start buying the coins. There are hundreds of different coins you can buy, some worth more than others.

You may be wondering, what is the point of buying these coins? Well, like stocks, these coins go up and down in value. For example, Bitcoin was worth around $600 dollars in 2016. Like I said earlier, it is now worth around $51,000. That means if you bought 1 Bitcoin in 2016 for $600, you would now have $51,000. These coins are not regulated by the government, so it is widely used around the world, which is why it is worth so much. There are many other coins who have increased in value by 100x, or even 1000x.

You also don’t need to have hundreds of dollars in your bank account to invest. You can buy half of a coin, a fifth of a coin, etc. You can invest however much money you want.

While this does sound very easy, it comes with great risk. Crypto currencies can crash in value any day of the week. However, the reward is also very great. If you are interested in investing into Crypto, I would highly recommend researching the coins and websites you should be using as a beginner. If you have any questions, you can feel free to reach out to me and I will do my best to help you out!