Beginner’s Guide: 10 Ways to start your Crypto Adventure and to earn with crypto
Can you make money with crypto?
The answer is yes. You can earn money with crypto. Many people won’t tell you that the process is both slow and painful, and just like in any other business, you have to be committed to it. Regardless of the strategy or route you take, it will cost you time, plenty of hard work, and probably money. To help you get started with your Crypto Adventure, we have prepared you a list of the best 10 ways to start earning cryptocurrency. Please note that these methods are for entertainment and education purposes only and are by no means full proof, nor do they guarantee any investment return.
Airdrops are a new way of getting a cryptocurrency or token for free. They are usually done when a new currency/token is introduced, or a new batch of currency/token is released to gain momentum and interest. There are distributed either through Exchanges (which require membership account) or directly to the end-user by completing small tasks such as liking their page on Twitter, Facebook, Medium, etc.
This is probably the easiest way to get free cryptocurrency, though you might need some time to harvest enough amount to be able to withdraw it to your personal wallet. You have to be dedicated and constant in completing the micro-tasks required, like “captchas” or clicking the claim button every hour. Faucets require no investment from you. They make money by displaying ads and allow you to claim back a portion of what they are making for your efforts. Plenty of sites lets you collect a micro amount of bitcoin and/or other supported cryptocurrencies every couple of minutes from a faucet, and, in time, you can accumulate enough amount to cash it out to your wallet.
Bounties are somehow similar to airdrops. Cryptocurrency projects often offer incentives to increase the popularity of their token or coin. They usually provide users with a set of marketing tasks such as sharing on Facebook or retweeting via Twitter, blogging, translations into different languages, etc., and rewarding those who complete such small tasks with their own token cryptocurrency.
One of the most popular websites dedicated to the bounty is bounitesalert.com. Check it out to get your free crypto for your crypto adventure!
Gaming developers have now started rewarding their game users with cryptocurrency. All you need to do is play these games on your Smartphone and get rewarded. Try out Stormplay, which is a popular option.
5. Affiliate Marketing
Affiliate marketing is nothing new. Most social media influencers, bloggers, and vloggers use this strategy to earn money from various websites. Now, cryptocurrency exchanges are also offering affiliate programs. You can sign up for affiliate programs with popular exchanges like Binance or Kucoin (see our Exchanges page to learn more about these exchanges and many others) and spam your referral links across various social platforms. Exchanges are usually paying their affiliates from the trading fee they are collecting from the accounts invited.
Crypto Projects often, are also giving away their tokens to increase the popularity and usage.
6. Mining Cryptocurrencies
Another popular way to earn cryptocurrency is mining. Nowadays, it is possible to mine crypto conveniently at home with your PC or even a mining rig.
Mining has become a competitive field among standard PC users since the GPU mining has become popular. You may need to add some additional GPU to your PC for it to be profitable, and it might take you a couple of months to break even with your hardware investment. If you’re interested in mining, we suggest checking out whattomine.com, which offers ways to calculate your mining profitability.
7. Buy & Hold
Relatively speaking, this is the “easiest way” to earn crypto, though history has shown that buying & holding through can be painful at times as many projects fail, they are scammers, or the bear market affects the investments. Whether you decide to invest in any cryptocurrency or not, remember that you have to be responsible and do your own research around those coins/token. Always look at information such as a whitepaper, road-map, social media, check out their Reddit page or bitcoin-talk page. Never invest in a coin for which you haven’t done any research.
Whether its dice, poker, Texas-hold’em, roulette, they are all highly risky, but the good news is that now you can gamble with crypto. You can win it or lose it all very fast in a matter of seconds if you don’t play it smart. Remember never to invest more than you afford to lose and make sure you are doing it for entertainment purposes only.
There are a few promising projects in this space looking to create a decentralized marketplace for resources. Golem, Sia, Presearch, and Storj are projects which allow you to rent out hard drive space or CPU power and get paid in their network-based currency.
Buy low sell high! Sell high buy low! This is what a professional trader would say if asked.
This is the most popular way to earn in crypto and can be very profitable, but it’s also a quick way to lose your investment. You really need to be a pro here to succeed in the trading space, but the good news is that there are many tools available for you to learn how to trade.