Can you even earn with cryptocurrency? Is it legitimate to make money through cryptocurrencies? I’m glad you asked. Unless you fall for one of those click-bait ads promising that you’ll earn $5000 a day with bitcoin, the answer is yes. You can earn cryptocurrency in a completely legitimate way.
However, don’t think that it’s a get-rich-quick scheme. Just like in any industry, earning in the crypto industry requires commitment and patience. So, in this blog post, we’ll focus on some of the ways to earn cryptocurrency. Here are the seven ways to earn cryptocurrency in 2019.
Airdrops and bounties
This is probably the easiest and simplest way to earn cryptocurrency. Most of the time, you’ll have to complete small social media tasks to earn your free coins, but it’s nothing big and won’t take you a lot of time. And keep in mind that airdrops can be huge. For example, Stellar conducted a massive airdrop distribution giving away $125 million worth of XLM.
To stay updated about current and future free airdrops, check the Airdrop Alert website.
Buy cryptocurrency and HODL
Buying cryptocurrency and HODLING is probably the easiest and safest way to earn cryptocurrency, if you have the nerves to handle the volatility of the market. Where you can buy cryptocurrency? On crypto exchanges.
After buying the coins, you hold it for some time, waiting for it to increase in value from the price you bought it at. Just make sure that before buying any coins you do a proper research.
Blogging and commenting platforms
Did you know that you can earn cryptocurrencies with writing blog posts, upvoting, and commenting on the posts you like? It’s true.
The perfect example of this is Steemit, a blockchain-based, blogging platform. On Steemit, you can earn Steem, the platform’s native coin, by posting blog posts, curating content, upvoting, and commenting.
Earn cryptocurrency with mining
Mining is a great way to get some crypto coins. How can you start mining? For starters, you’ll need a computer that will help you solve mathematical equations that validate blocks of transactions.
Also, most of the mining equipment is pretty expensive, so you’ll need a bigger budget.
However, you can start mining even with the smaller budget. How? You can join a mining network. To do that, you’ll have to pay a joining fee, and then mine with other members of the network.
Play games and earn cryptocurrency
Believe it or not, you can earn cryptocurrency by gaming. This is especially great if your budget isn’t enough to start mining, for example. And all that while you’re having fun.
One of the popular apps for this is Storm Play. With this app you can earn bitcoin, Ethereum, or STORM by completing gamified micro-tasks.
Completing different microtasks is an interesting way to earn cryptocurrency. The microtasks can include anything from creating content, retweeting, taking surveys, to watching videos on YouTube.
If you’re a skill trader, or willing to become one, day cryptocurrency trading can be lucrative. Still, keep in mind that this is a skill that takes time to perfect.
For beginners, it’s best to use trading stimulators to practice crypto trading. Then, you can switch to one of the crypto exchanges.
The crypto industry is huge and there is something for everyone. Now is the time to pick one or more ways to earn cryptocurrency and get your head in the game. Good luck!