How to Start with $100 in Crypto? 7 Tips

Many believe that entering the crypto market requires no initial investment. While there's some truth to the idea that not all crypto endeavors demand funds, most activities, even those considered "free," typically require minimal financial commitment. 

For instance, claiming test tokens from some projects requires an “active” wallet, meaning it either contains a specific amount of cryptocurrency (usually Ethereum) or has a history of transactions. 

Consequently, a budding crypto trader should ideally start with at least $100.

Crypto projects frequently launch so-called testnets, trial versions of their products (like upcoming blockchains, decentralized exchanges, lending platforms, etc.) that typically don't require actual funds for transactions. 

Moreover, participating in testnets can come with tangible financial rewards. Given the high participant count in testnets, often exceeding 1 million users, earning a significant amount might necessitate creating an “account farm.” 

This setup includes:

• An anti-detect browser;
• A proxy server;
• Phone numbers;
• Social media accounts (Discord, Twitter, Telegram, Instagram);
• Special digital badges (e.g., a Galxe passport or a GitCoin passport);
• Crypto wallets across various networks.

$100 should suffice to establish a basic farm of 10–15 accounts and acquire all necessary tools for operation. However, it’s important to note that “multi-accounting” is generally frowned upon by projects, so tread carefully to avoid getting banned for these maneuvers.

Emerging crypto projects require both audience growth and personnel to manage this engagement. The crypto community space opportunities vary, from copywriting and Discord management to event organization and customer support.

The easiest way to secure a position within a cryptocurrency project is active participation in their social media accounts. On platforms like Discord, the most engaged users can quickly earn roles and vie for higher positions. This approach requires zero financial investment, presenting a viable path for individuals with limited initial capital.

Earning over $1,000 a month starting with just $100 might seem far-fetched. However, a hundred dollars is ample to cover the examination fee at a proprietary (prop) trading firm.

Prop firms are entities that allocate capital to traders for conducting trades. A proficient trader earns a portion of the profits, sharing the remainder with the firm that provided the trading funds. For more insights into this income avenue, refer to our dedicated article. 

Trading education can begin with as little as $20 or even without any investment by utilizing demo trading apps. Once consistent trading results are achieved and a personal trading strategy is developed, approaching a prop firm becomes a logical step. Generally, challenges or exams at these institutions cost up to $100.

Numerous cryptocurrency exchanges offer promotions and contests for new users, including trading tournaments, deposit bonuses, or rewards for achieving specific trading volumes. 

With $100, you can participate in these activities multiple times. This earning method can become particularly lucrative when using multiple accounts, such as registering accounts for friends or family. 

Pre-made accounts are also available on the OTC market, with prices ranging from $5 to $20, depending on the exchange.

In today's crypto market, establishing a personal brand is crucial. A modest Twitter or Telegram channel with over 200 active followers can generate up to $500 a month from advertising integrations, affiliate programs, and more.

Investing your $100 in advertising on similar channels or targeted ads can yield significant returns, depending on the quality and quantity of the content produced. Influencers with an active following often profit from referral activities and stand a better chance of being selected for ambassador programs.

These programs involve crypto projects engaging active community members for various tasks:

• Creating visuals and memes;
• Translating content;
• Cultivating a community in a specific region or country;
• Producing video content;
• Designing infographics.

Getting selected as an ambassador is competitive, with influencers and channel owners typically having an edge. Nonetheless, with the right strategy and steady effort, it's possible to secure a monthly income of $1,000-$1,500.

The market sees the launch of dozens of tokens daily across various networks, with some experiencing rapid surges of 1000-2000%, enabling early investors to profit significantly. 

Platforms like Dex Screener and DexTools can help identify trending and "hyped" shitcoins based on trading volume, user engagement, or price movements. 

It’s important to recognize, though, that such assets often turn out to be scams and quickly depreciate. Successful engagement with this strategy requires adept on-chain analysis and an understanding of the psychology behind the creators of these tokens.