Let’s be honest ourselves, we all want to earn some cryptocurrency. Every time we notice people around us making insane amounts of money out of cryptocurrencies, our curiosity to know about methods to earn cryptocurrencies escalates. We surely don’t want to miss another spike in the price of digital coins.
No matter how much we want to get our hands into the crypto business, we all are afraid of the fact that investment in cryptocurrency can make us lose our hard-earned money. This article would enable you to go through some amazing methods through which you can safely earn cryptocurrencies.
Earn cryptocurrency by buying
Most people think that the only way to get crypto is to buy it from an exchange like Binance or Coinbase. Like stocks and commodities buying, cryptocurrencies could also be easily bought through a valid exchange. There are many platforms offering services that enable anyone to safely and easily enter the market.
In areas where Bitcoin ATMs are available, it is extremely easy to buy bitcoin through cash or credit. However, keep in mind that almost every exchange charges some amount of transaction fees. You would probably not believe how easy it is to enter the crypto market. With platforms like britishbitcoinprofit.org, sign up for an account, go through the verification process and you are good to go.
Start mining crypto
Mining is considered one of the great ways to get some crypto coins, the problem is that it does not work for all currencies. Most people have a different mindset about mining crypto, as they believe that mining is about obtaining as many coins as possible for themselves, but the whole process is a bit complicated.
Earning cryptos through mining is much more difficult as compared to just buying them from an exchange. You need to have powerful computers in order to run the process of mining cryptos as mining involves the computation of complex mathematical equations that validate the blocks of transactions.
The first question that arises when someone decides to mine crypto is what do you need to start mining? Digital coins like Bitcoin, require high-end equipment such as ASIC, whereas others could be mined with just a regular computer.
Earn Crypto by staking
If you have an eye on some cryptos that cannot be mined, don’t get frustrated, there is still another way to get them. There are two major methods of validating blocks – proof-of-stake and proof-of-work. Through PoW, miners need to mine blocks and confirm the transactions through pure computational power, whereas PoS has a totally different mechanism.
In a Proof-of-Stake mechanism, the individual to confirm the creation of a new block is selected in a deterministic way, which is based on the number of digital coins he already holds. As your capacity to hold more coins and put them into staking rises, the greater the chance to be chosen to validate the transaction.
Join a few airdrops to earn crypto coins
Airdrop is a quite common practice among newly emerged crypto projects. Most crypto projects use airdrop campaigns to gain the popularity and attention of crypto enthusiasts. This is an amazing tactic to help crypto enthusiasts to find out about upcoming crypto-related projects while also rewarding them with something of value.-Tokens.
Users are enabled to earn some project tokens after performing a specific set of tasks. Once the project hits the market successfully, those token can easily be traded for cash or some other coins, some of the most important tasks include:
- Sharing posts
- Downloading their app
- Completing a form about the project
- Following their social media channels
- Signing up on their platform
Help Promote projects through microtasks
Microtasks are quite similar to airdrops. Microtasks are also known as bounties, they might be together with airdrop, the simplest way of earning crypto. There are many companies and startups that reward users with crypto coins in exchange for performing various tasks. However, microtasks are considered a bit more difficult as compared to tasks involved in an airdrop.
Most of the tasks are mainly promotional, and they can take the form of:
- Writing a testimonial
- Distributing a promotional video
- Creating a video review
- Writing a press release
Accept crypto payments
If you have an e-commerce website, this is your time to shine. Platforms such as WooCommerce and Shopify allow merchants to accept crypto coins as payment through their website. Very few people are aware of the fact that bitcoin is not the only cryptocurrency that is accepted as payment, WooCommerce enables its users to accept around 50 types of crypto coins, whereas Shopify allows even higher, with more than 300.
The best part is that the process is not as complicated as it looks, you just have to enable an alternative payment method from your Shopify account. While in WooCommerce, you need to install one or more additional plugins, such as CoinGate and BitPay.
Gamble with cryptocurrency bonuses
Well, this method is a bit tricky as it involves the risk of Gambling, you can lose more money than you win. However, there are multiple trustworthy platforms in the crypto gambling industry that can be used such as WOLF.BET or 1xBit.
You can easily earn some Bitcoins by using the bonus to multiply your in-game funds up to the withdrawal point. Don’t forget that crypto gambling platforms that offer a login bonus would require you to deposit a minimum amount to withdraw your crypto coins.
Use cryptocurrency and payment platforms
It matters a lot how you manage your payments. Nowadays, digital banking is emerging as a game-changer in the crypto business as it is covering more and more of the needs of crypto users. Cryptocurrency and payment platforms now offer financial management applications that can help you get more crypto coins using the funds you already have.
Final thoughts
The crypto industry is full of treasures and opportunities. Above mentioned methods are not only safe but also quite effective. There are few other methods as well to earn crypto safely such as DeFi Yield Farming and crypto faucets.
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