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. What many people won’t tell you is 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 with 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 they guarantee any return of investment.
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 in order 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 us 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 cryptocurrency, 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 or cryptocurrency.
One of the most popular website dedicated to 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 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 of the social media influencers, bloggers and vloggers are using 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 collection 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 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 project 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 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 entertaining purposes only.
There are a few promising projects in this space looking to create a decentralized marketplace for resources. Golem, Sia, Presearch and Storaj 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 its also a quick way to lose your investment too. You really need to be a pro here to succeed in the trading space, but the good new is that there are many tools available for you to learn how to trade.