11/09/19 10:00 UTC-4

Iranians earn on bitcoin up to $3000 per month

CryptocurrencyIranians hold in cryptocurrency from $ 5000
Iranians hold in cryptocurrency from $ 5000

Iranians make massive money on miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
and cryptocurrency tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
. And their income reaches $3000 per month

 

How Iranians make money on cryptocurrency

According to CoinDesk, Gate Trade conducted a social survey of 1650 bitcoin investors from Iran. According to the study, 25% of them receive from $500 to $3000 of monthly income from their investments.

Moreover, 58% of respondents earn on cryptocurrency trading. Another 35% – invest in mining.

Interesting in the section: Nuvoo Mining: overview of the Cloud-Mining Service

  • Gate Trade claims that the vast majority of Iranians have to use a VPN or buy fake documents to circumvent restrictions on exchanges and other crypto-services that refuse to serve the citizens of this country
  • 29% of respondents said they have more than $5000 in BTC. And the majority stated that they are aimed at long-term investments in cryptocurrencies
  • At the end of 2018, the Iranian government announced the creation of a national cryptocurrency to circumvent US sanctions against the country. Almost immediately, the United States imposed restrictions against this coin
  • In July, the Iranian authorities recognized mining as one of the types of industrial business, thereby legalizing it in the country

 

Editor: Pereyidenko Ihor

See also: "Crisis to the rescue: 40% of millennial investors will invest in crypto during the collapse of the economy"

#Iran #Bitcoin #BTC #Cryptocurrency #Trading #Mining #Sanctions

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