Every single day, people search for ways to earn a little extra income through various online platforms. As you can imagine, this search also flows over to the cryptocurrency realm as well.
Every year, cryptocurrency gets closer and closer towards its goal of worldwide adoption. Sooner or later a large number of individuals will have the ability to earn a living online with this digital asset. Whether you’re looking for part-time or full-time work, cryptocurrency can help provide for your family, pay bills, or allow you to enjoy a more lavish and eccentric lifestyle.
For those of you interested in getting started earning crypto for yourself, there are many different ways of doing so.
One of the best things about earning cryptocurrency is that it typically requires less work and more pay compared to its fiat counterpart. For those of you who are interested in getting started, I’m sure you’ll find this guide very helpful. Let’s take a look over 13 different ways I’ve personally found to earn these little digital nuggets of gold in 2020.
Micro tasks such as writing articles, referrals, and social media management could earn you quite a bit of cryptocurrency with the proper research. When it comes to micro tasks, your goal is to acquire as much work as humanly possible. You are then compensated based on factors such as job type and work quality. Another term used among crypto enthusiasts for “micro tasks” is “bounty hunting”.
Platforms such as BountyOx legitimizes micro crypto tasks. It’s developed on the blockchain with BNTY as its token abbreviation.
A few other noteworthy micro task resources are…
Masternodes are not too common in the crypto world, however they can be a reliable source of income. They belong to a subset niche of crypto mining . It’s used for block verification and proof-of-stake projects. All users need to do in order to earn cryptocurrency is dedicate their PC’s to the network’s processing power.
Each masternode requires a fixed amount of its native tokens via Dash masternodes . The minimum requirement is 1000 DASH to be staked. There are other factors which determine how much you earn from masternodes, however realize that you’ll need to utilize a long-term investment plan in order get started investing in masternodes.
For more detailed information, click here to watch the MasterNodes Youtube channel.
Staking your cryptocurrency coins could earn you a handsome reward if done properly. This method of earning is similar to that of masternodes, but requires less work. All you need to do is store your coins in a particular wallet, for a certain amount of time. Once this is done, you get rewarded for holding your coins within that crypto wallet.
Easy enough right? It can be, but your ROI highly depends on which wallet you decide to store your coins in. For more information on staking, click here.
Get Paid in Crypto From Your eCommerce Store
Accepting crypto payments is a great alternative for your eCommerce store, if you own one. As a business, accepting payments in crypto would be a very reliable way to earn as many platforms at this time accept crypto payments like WooCommerce (a WordPress plugin) and Shopify.
Crypto faucets basically reward you for your time and attention. This might be in the form of having participants play games or clicking on website ads. Users of some faucet sites only have you complete a CAPTCHA, while other platforms will request you to complete an entire survey.
Realize that crypto faucets offer you fewer earnings compared to other forms of earning cryptocurrency online, however the barrier of entry is very low and easy to use. If you own a computer or smart phone your the ideal candidate to start earning instantly.
Mining used to be one of the most lucrative and reliable forms of earning cryptocurrency. Several early adopters have become millionaires from it, however you really have to utilize a ton of computer hardware in order to generate a decent return on investment. This also means that you’ll need to have a sizable budget to afford the hardware needed in order to produce a living at this.
Like I said earlier, when cryptocurrency was first discovered, mining was a very lucrative industry. However, it’s not as lucrative as it once was, but a full time income can still be obtained if you have enough investment capital to afford the hardware for such massive feats of computation.
Cryptocurrency mining typically utilizes a Proof-of-Work consensus algorithm. Miners get block rewards for calculating mathematical algorithms. Factors determining your profits include electricity cost, market value of the cryptocurrency you’re mining, and the cooling necessary for your mining rigs.
Although profits from mining have reduced, you can still earn a decent income by building your own rig or signing up for a cloud mining service that takes care of all the complex aspects to mining, along with all the hardware and rented space you’ll need to get started.
Recently, more casinos have started paying their customers in cryptocurrency. If you’re good at taking risks, then this could be a viable move. There’s been a surge of online crypto gambling over the last few years due to the fact that it’s much easier to get started due to the fact that you don’t need to submit your personal details in order to gamble.
However, before you venture into this risky endeavor, you need to be sure the platform you are about to use is authentic. The industry is highly unregulated so you’re faced with a few risky as well as sketchy online casinos.
To obtain a bit more information about crypto gambling and which casinos to spend your crypto at, visit CoinClarity.
If you’re an experienced trader, then you have an incredible opportunity to earn cryptocurrency utilizing your technical analysis skills set. However be aware that it takes a lots of patience and experience in order to master day trading, however, the reward is worth it.
It’s advisable you make use of paper trading platforms, before you venture into crypto day trading. Traders with experience can make use of platforms like Coinbase and Bitmex, while those that wish to practice and improve their skill can join places like WhaleClub or Bitmex paper trading for free.
Freelancing is a great alternative for you to earn cryptocurrency if you have the required skill sets needed in order to earn. Trades like photography, writing, programming, graphic design, and editing could earn you a sizable cryptocurrency income as there are countless online resources to help you. In contrast to other freelance platforms, earning cryptocurrency via freelancing is fairly straightforward and requires just a little work in order to get started.
If you can handle the volatility that’s inherent within the cryptocurrency market, then this option might be best suited for you. All that’s needed is the purchase of one or more of your favorite cryptocurrency coins and hold onto them until you’re profitable.
All that’s required of you is to buy low and sell high, repeating this process on a more long-term scale. If you’re patient, you’ll cash in big once the cryptocurrency market improves (which it always does).
However, you need to conduct a lot of research before getting involved with this business model. Look for reliable coins that are entering a bull market and invest capital in increments during rather large dips within the market.
Hold onto what you have and sell off some of your precious cryptocurrency assets once the market is on fire. This increases your chances of heavily profiting from your investment and getting out before another major bear run.
Airdrops are one of the easiest ways to earn cryptocurrency and best of all, it’s free. Sometimes it requires you to complete mindless tasks such as sharing posts on Facebook or following a company’s twitter account. Most times, they’re used for marketing new projects during their ICO stage. For example, Stellar conducted a massive airdrop recently, giving their own blockchain wallet users about $125 million worth of XLM for simply holding the currency inside their proprietary wallet.
Crypto Blogging Platforms
There are several online platforms which create opportunity for crypto writers to earn their favorite cryptocurrency after posting content. Once you post on platforms like Steemit, your articles get upvoted. Once your article receives 50 upvotes, the writer starts building an audience. These upvotes can then be converted to Satoshi. Steemit is one platform that operates this way. The more upvotes you get, the more cryptocurrency you earn.
Affiliate marketing has always been a well-known source of generating fiat revenue for quite some time. It’s now taking over the cryptocurrency sector and allowing many webmasters to earn a decent living while utilizing the proper affiliate marketing strategies. Individuals who have plans to market their products online can use the Coinbase platform or the Ledger Nano S wallet. These are just two examples of crypto companies which pay individuals commissions in Bitcoin.
To get started, you’ll typically need a small amount of capital to become a good affiliate marketer. This will help you build an audience as well as bring in sales. Once you’ve gained a loyal audience, you can start earning thousands of dollars’ worth of cryptocurrency if you harness your traffic properly by giving them valuable content.
Crypto Account Builders
We saved the best for last. Yeah, yeah, yeah….I know, shameless plug, but it is however our blog right? I couldn’t end this guide without at least mentioning our services as it gives anyone the chance to earn an amazing income (lifestyle changing income) with under $500.
The concept is simple. We hand select the altcoins you trade within a certain timeframe. During this time you’ll also follow a few simple trading strategies we cover within our membership site to profit off the volatility and high percentage gains they generate. The strategies can be followed by anyone with no experience in trading. The strategies are so simple; you’ll most likely start trading your Crypto Account Builders (C.A.B.) within 24-48 hours of receiving them.
Not only do our C.A.Bs generate a ton of cryptocurrency within a rather short amount of time, due to their frequency, but they’re also run through our 12 Point Proprietary Crypto Account Building System. This system is comprised of multiple crypto scanners, as well as vetted by our expert crypto account building team. It just doesn’t get any better than this.
If you’re interested in taking your crypto earnings to that “next level”, check out our services located here.
The cryptocurrency market is just getting started as it’s gained popularity over the last several years. The market is ideal for anyone and is still in its infancy. All good projects capitalize on the bear market (we’re currently experiencing) in order to further develop their product and user base. With several options to earn a viable part-time or full-time living off cryptocurrency, it’s in your best interest to start participating within this lucrative market, sooner than later.
If you think I missed a few others ways to earn cryptocurrency within this guide, please leave me a comment below and I’ll be sure to add them if needed.