Cryptocurrency is now the real deal. In the years past, bitcoin users/investors and other crypto advocates have tried telling people the benefits of owning crypto assets. A few people listened, acquired some crypto, and became richer over time. Yet many procrastinated, doubted, and even called it a ponzi scam. In contrast, Cryptocurrency is only a digital asset/currency designed as a means of exchange.
Nowadays, Cryptocurrency is trending. Because of its high and increasing value, everybody wants to buy or earn Crypto. Buying is simple, but earning is more tricky. A large number of people still don’t know how to earn cryptocurrency. Can you really earn Crypto? There are several legit ways you can earn Crypto with minimal risks. Here’s a list of the 11 that we’ve identified!
1. Buying, Selling, and Exchanging
Buying, selling, exchanging, or trading is the most accessible way of earning Crypto. Nowadays, you can easily buy any Crypto you want. You can then hold it as an investment for a specific duration. Hopefully, its value will increase, and when it does, you can sell it for a higher price, making a profit on the exchange. With Nebeus, buying and selling Crypto is made easy. This is how it works:
- Create your Nebeus account in a few minutes.
- On your dashboard, select the exchange menu. There you can buy Crypto with your Debit or Credit card at market prices with a fixed fee of only 0.75%.
- You can also convert between cryptocurrencies, for example, Ethereum to Bitcoin, or vice versa.
Note: The Crypto markets are volatile, and trading can be risky. If investing in Crypto, be sure not to expose yourself to unnecessary risks.
One of the most traditional and popular ways to earn Crypto is by mining it; however, it is complex and requires a lot of computer power. Cryptocurrency mining is a process of solving complex mathematical problems, verifying and validating Crypto transactions, and providing a “proof-of-work” for the blockchain. This validation allows the cryptocurrencies to become available in the market. The first person to confirm the transactions gets rewarded, so the more powerful your machine, the faster you verify, and the more you are rewarded.
A microtask is a job or task that can be completed in a short time. Microtask websites allow users to complete quick tasks and get paid in Crypto. You can do different kinds of jobs, and some of them include writing, editing, taking transcription, clicking ads, watching a video, and more. The more tasks you do, the higher your reward. Microtasks usually don’t bring huge pay, but it can be valuable if combined with other sources of earning.
Crypto Renting is a new way to earn Crypto. It works like any other renting service: A person or a business receives payment for using something or pays to use something for a predefined time. The most known cases of renting services are car rentals and apartment leasings. Crypto renting works the same way, and Nebeus is the industry pioneer, offering two Crypto Renting programs on its platform. Users can rent their Crypto directly to Nebeus, which acts as the rentee. Users are then paid monthly or even daily rent payouts.
Note: Nebeus only works with Bitcoins and Ethereum, and all payouts are made in Euros.
5. Sell goods and services
If you own a business, especially an online business, it’s an excellent opportunity for you to earn Crypto. All you need to do is to set up Crypto as a payment method on your platform. This setup is possible on most eCommerce platforms such as Woocommerce, Shopify, and the likes. You can accept various coins and hold them or convert them into fiat currency.
Note: Your online platform doesn’t necessarily have to be eCommerce. Any platform where e-payments are accepted will work.
An airdrop is a distribution of Crypto by a cryptocurrency development team. They usually distribute coins to people for free to promote their Crypto. And in some cases, they do so in exchange for small tasks. The tasks you can take include downloading software or apps, following Social media channels, sharing posts on social media, and signing up on their platform. Airdrops are free money, so these are nice opportunities that you shouldn’t miss. Here are the benefits you get from airdrops:
- They are risk-free.
- Their values can be incredibly high.
- You can be part of a cool new project.
- You can learn how the crypto world works from Airdrops.
Note: Airdrops are free! So, DO NOT send Crypto, money, or even your wallet keywords (like passcodes) to any platform or person to get airdrops in return.
Earning Crypto via faucets is easy, but it takes consistency and commitment. Faucets are similar to microtasks. You need to continually visit a website to generate traffic and complete a task by clicking a button or watching an ad somewhere. Companies seek to increase their traffic this way, and they reward people with a token of Cryptocurrency for traffic and work. There are many faucet sites available, for example, Freebitco, Earnstats, and many more.
If you are into freelancing, this will be easier for you to grasp. Usually, on freelance websites, you get paid in cash. But now, there are freelance sites that pay you in Crypto!
To earn Crypto as a freelancer, follow these simple steps:
- Sign up on the website as a freelancer.
- Apply for a job.
- Complete the job.
- Get paid in Cryptocurrency.
One of the main reasons you should consider freelancing on crypto sites is because they usually don’t have fees! They will pay the freelancers precisely what the employer pays, which is a fantastic perk.
Gaming is a fun and exciting way to earn Crypto. All you need to do is download and play games on your smartphone, and you will get rewarded in Crypto. Sometimes, you’ll need to reach a certain level in a game before earning, but you can start earning once you’re there. It’s thrilling to say that you can earn by having fun.
10. DeFi Yield Farming
DeFi (Decentralized Finance) yield farming is also known as Liquidity mining. Yield farming works by allowing people to earn tokens in exchange for locking up Crypto for participation in DeFi applications. Profits generated from yield farming can be reinvested into more DeFi projects to bring even more yield.
Staking is when you purchase Crypto and hold that Crypto in a wallet for a particular period. All you need to do is deposit Crypto into a wallet, and you will gain rewards at the end of a specific time in the form of interest. The longer you hold your Crypto in the wallet, the bigger the reward. Anyone with a minimum-required balance of a specific cryptocurrency can earn staking rewards. Nowadays, staking is seen as one of the easiest ways of earning Crypto.