How It Works - Cryptocurrency (Cloud) Mining Guide
Here is our complete crypto strategy to minimizing volatility and maximizing profits:
- Our strategy involves 3 institutions. 1. Your banking institution (checking, savings, PayPal, etc.). 2. A cryptocurrency exchange account such as Coinbase. 3. A website mining account, such as KSD Miner.
- You will need to buy cryptocurrency to fund your mining account.
- There are some transaction fees that the cryptocurrency platforms charge, but they are minimal.
- Once you have purchased your cryptocurrency, we recommend that you quickly get it into your mining account to avoid market volatility.
- Once your cryptocurrency is in the mining website, it does not go down in value.
- When you withdraw your mining profits, we recommend you quickly get it converted to US Dollars to avoid market volatility.
- Cryptocurrency may be subject to US taxes depending on your situation. Prepare/save accordingly.
This flowchart illustrates the logic behind our methods to help you leverage mining contracts for profitability. By combining the financial institution of your choice, a cryptocurrency exchange, and a web mining site, you’ll be able to achieve high income potential.
