Earning cryptocurrency is a lot like going on your first date. You don’t want to go wrong, but you don’t know where to start. There is far too much advice on this topic and it can complicate your relationship with cryptocurrencies.
It can be a daunting task to sift through all the methods on how to get crypto . Too many newbies have gotten stuck in the mind-numbing paradox of choice.
Luckily, all you have to do is follow this article. We’ve handpicked the five most effective methods of earning cryptocurrencies , most of which involve no trading at all.
If you are a creator (instagram influencer, tiktokeur or youtubeur), chances are that you are already monetizing your work. Whether or not you have a lot of subscribers, someone appreciates your content and is willing to pay for more.
Most social platforms offer a means of income for their contributors, but the real money comes from subscriptions. Sites like Patreon allow fans who value your existence to donate directly to you. So, instead of cash, ask your followers to send you cryptocurrency“>cryptocurrency
The problem with this method is that people use different currencies, and what they decide to donate may not be the one you want. Technically, you can specify the currency you accept, but this may reduce your earnings.
Not a content creator? No problem. The term “content” has a broad definition in the dictionary. Sometimes it’s about what viewers find entertaining, and there are many ways to entertain.
You can earn cryptocurrency with as little effort as posting or commenting on Instagram.
If you don’t have the time to produce quality content on social media or video platforms, but still want to do more than an Instagram post, microservices are perfect for you.
Do you remember those college years when you had to do services to earn some money? Who knew you would do it again on the internet.
Microservices are small or medium tasks that you perform in exchange for a small amount of cryptocurrency. These are usually quick and mundane activities that you can do several times a day to get regular gains. It could be testing an app or taking a survey on a random topic. You can also sell your skills on microservices platforms and ask to be paid in cryptocurrencies.
You can find microservices on most platforms that have to do with cryptocurrencies. Most of the time, these are companies that want to promote new products or carry out sponsorship operations for other products. In any case, you are the only party to benefit 100% from this transaction.
Airdrops & Giveaways de cryptomonnaies
Airdrops are technically giveaways, but not all giveaways are Airdrops. When a new cryptocurrency emerges, it needs to let everyone know to garner investment.
What could be better than raising awareness among its own users. Airdrops are free amounts of a new currency given to anyone who wants to be part of their blockchain.
It is often enough to register to receive one of these Airdrops. At most, you will be asked to make a social media post about cryptocurrency, which also takes little effort. Once completed, you will become the new owner of a potentially large currency.
This method is unpopular among intermediate investors or advanced traders due to the lack of certainty. They argue that the value of what they give away is unknown and you could be wasting your time or worse, being cheated out of what you already have.
The fact is that cryptocurrencies are a giant and lucrative uncertainty. No one believed in bitcoin until it broke above $10,000. Most people have also turned a blind eye to Ethereum as they turn a blind eye to Dogecoin right now.
As long as your own money isn’t involved, it’s worth a try.
Cryptocurrency Earning Programs
Don’t confuse this technique with Yield Farming, which is a slightly more advanced technique. Joining a cryptocurrency earning program is much easier and does not compromise access to your coins.
These programs are similar to a savings account where you deposit cryptocurrencies and watch them grow. The difference is that you can transact with these cryptocurrencies and withdraw them whenever you want.
The biggest advantage of a winning program is flexibility. You don’t have to pledge your crypto or worry about fees while trading. Just deposit it into the account and let the cryptocurrency exchange take care of the rest. It doesn’t get any simpler than that.
How much you earn depends on who you entrust your coins to. Some offer high returns on bitcoins, while others offer high returns on newer cryptocurrencies. If you decide to go this route, it’s best to do a bit of research beforehand.
Yield of cryptocurrencies
Many cryptocurrencies, including Ethereum, are turning to a verification method called Proof of Stake (PoS). It is designed to replace traditional bitcoin mining, which costs excessive amounts of energy.
Once you have earned cryptocurrencies through one of the methods, you can deposit them on a blockchain network that uses PoS. This will serve as your validation ticket where all you have to do is verify the legitimacy of a transaction.
When this is done, you get a reward for your hard work in the currency circulating on this network. The more coins you have on deposit, the more chances you have of capturing the next trade.
Earning crypto isn’t always fun, but it certainly isn’t always difficult. Remember that the network needs you as much as you need it. Don’t let the small decimals discourage you from saving; every coin counts and accumulates faster than you think.
While free is a good thing, watch out for get-rich-quick schemes or coins with dubious origins. If something is too good to be true, most of the time it is.