Cryptocurrencies became increasingly popular in the last decade to the point they now have a variety of uses. Many people only use the crypto market to buy and sell crypto but they can do much more.

From buying and selling products and services online to some of the amazing things we will present to you.

Lending

If you currently don’t use your crypto, you can lend it to interested borrowers on the crypto exchange. This transaction will give you interest on the amount lent to your debtor.

Usually, the loan rates are higher than you can get in regular banks while lending cryptocurrencies is much safer. It is because of the mechanism of collateral where crypto platforms require 100% collateral for any amount of loan.

You can even lend your crypto to lending platforms to use them as collateral for the bigger transaction. That will also give you a percentage of the provision.

Gaming

Many online games these days accept crypto as a means of payment. You can use your Bitcoins, Ethereum, Dogecoin, etc., to buy new skins, weapons, decks, or other in-game items.

You can also participate in games based on blockchain technology that offer various rewards to their players in the form of crypto or NFT. Some of the most popular is Axie Infinity and The Sandbox.

Gambling

Besides gambling with real money, you can do the same with your crypto. Online casinos, like Coinslotty Casino, offer players an opportunity to place a bet in any major cryptocurrency.

You only need to open an account on the online casino and connect it with your e-wallet. They support cold wallets, and online wallets, so you won’t have any trouble connecting e-wallet and online casino accounts.

Donating to charities

With your crypto, you can do a noble deed and donate it to the poor, or those in the need. You can look for your local charities and see if they accept a crypto donation, or you can donate to ones that work globally.

The biggest advantage of donating crypto is that you are avoiding intermediaries, and you know the exact sum that has been donated.

Investing

There are several ways how can you invest your crypto. The two most popular are:

investing in an initial coin offering (ICO) – this way, you are backing up new cryptocurrencies, and potentially, you can earn a big return

investing in decentralized applications (dApps) – if they get widely accepted around the crypto network, you can achieve significant ROI (return on investment).

Final thoughts

As you can see, owning crypto gives you numerous opportunities. It is almost as usable as fiat money. They are just one step away from being accepted in every industry.

Although volatile, the crypto market is still much safer than regular markets that are under the influence of big corporations and political decisions. That means converting your money into cryptocurrencies is still a smart move.

Especially when knowing what you can do when having crypto in your e-wallet.