You’ve probably heard of cryptocurrency from your colleagues or others in your social circle. You might have done some research work just to find out that you can also earn money with it, but found the other details too technical.
Never mind! By the end of this article, you’ll be able to have all the information about the popular methods to earn money with cryptocurrency online. Read on with us here!
- Buy & Hold
Buy cryptocurrencies that possess fundamental use-case and sell them once you obtain a fair market share. There are a few cryptocurrencies like Bitcoin, Ethereum, Binance, Nexo, Monero and others that are good options most of the times. And the reason why these are the best bet is that these are bound to appreciate against the fiat pairs of USD, EUR etc. With this, you can begin your journey to pick the rights options for yourself so that you can earn cryptocurrency online.
- Hold them for Dividends
An amazing feature of cryptos is that you can buy them and then hold them for the dividend. There are a few coins that will help you earn just because you bought and held their digital assets. And yes! You don’t even have to put them on stake when you are being paid dividends. One thing to bear in mind here is that you don’t purchase or own the cryptocurrency, but simply hold it to keep it in circulation. A few examples of these coins are NEO, KuCoin, CryptoBridge, along with many others.
- Run Cryptocurrency Master Nodes
Cryptocurrency master nodes are full nodes that motivate operators of the various nodes to execute their roles in operating a blockchain. By running cryptocurrency master nodes, you can earn cryptocurrency online. This method has logic behind it, which states that node operators get paid by many cryptocurrencies for maintaining a real-time record of their activities on their native blockchains.
- Stake Cryptocurrencies
This way of earning cryptocurrency will help you earn the dual benefit of price appreciation for holding good crypto coins along with the additional reward as dividends for staking the coins. Some of the coins in this category are Tezos, Neblio, Komodo, Decred, NAV Coin And others.
- Micro Tasking
You can use your free time to do micro tasks for somebody or some service to earn cryptocurrencies in exchange. List of these tasks may include downloading new apps for testing, watching videos, doing online surveys etc. You can seek such microtasks from services like Bituro and Coinbucks.
- Day Trade Cryptocurrencies
You can day trade various cryptocurrencies on different exchanges like Binance, KuCoin and BitMEX. This method says to follow a simple principle of buying low and selling high once the target is reached. But you should be good at technical charting at various intervals in the day as crypto fluctuates 20-50% in a single day as per the choices you make. This way, you can earn more cryptocurrency if the method is followed perfectly.
- Work for Cryptocurrencies
Are you a developer, a tester, a writer or a designer? If yes, then this work is for you. You can earn cryptocurrencies by providing your services in exchange for it. You can rely on various platforms and websites like Cointiply, XBTFreelancer, CoinWorker, 21.co and others that offer Bitcoin in exchange for your services. Help yourself earn cryptocurrencies and price appreciation along with it. Working for Bitcoin cryptocurrency or even other cryptocurrencies like Litecoin, Ethereum and Monero can be highly beneficial for you. You just need to have the right services to offer in exchange.
- Accept Cryptocurrencies
This way to earn cryptocurrency online is specifically for the merchants, online business owners and e-commerce websites. You can accept cryptos in exchange for your products or services. A merchant has the liberty to access various cryptocurrencies and Bitcoin payment processors that can be used in accepting cryptocurrencies. Garner the dual benefit of earning cryptos directly and crypto price appreciation.
- Cryptocurrency Arbitrage
Buy a certain cryptocurrency from one exchange that is being sold at a lower price compared to another exchange. This will create an opportunity for you to buy low and sell high on another exchange, which will ultimately allow you to earn a good margin. This is referred to as arbitrage. Earning this way is possible because the cryptocurrency market is a free market and beyond the control of the government, which makes it highly volatile along with a lot of price difference across different exchanges.
If you think you possess the skills to write for cryptocurrency websites, then this way to earn cryptocurrency online can be highly beneficial for you. But it should be liked by the readers so that you can monetize your content. A few of these websites are Y’alls, Yours and Steemit.
- Lending Cryptocurrencies
Earn a recent return on your investment by lending cryptocurrencies through various Bitcoin lending platforms. You can earn around 12-18% return on your investment in the form of Bitcoins. But before you lend it out, make sure to meet the platform policies so that you get your returns.
You need to make an initial investment to buy mining equipment like ASIC and GPUs along with other supporting hardware to earn from cryptocurrencies. In addition to these, you also need to have the availability of cheap electricity to run this mining equipment.
- Bitcoin Faucets
You can earn through Bitcoin faucets by performing tasks like solving captchas, playing games, watching videos and other such activities. As a result, you will earn a small amount of Bitcoin. The Bitcoin faucets are a reward system that pays its visitors in the form of a satoshi in exchange for doing the mentioned tasks.
That was all about the ways to earn cryptocurrency online. You can make your mark in the cryptocurrency market by utilizing any of these methods to earn. Make sure to have detailed knowledge beforehand so that you do it right for the very first time. Explore now!