More people are exploring ways they can earn money through various online platforms on a daily basis. At the same time, people are also looking for ways to earn through cryptocurrencies. The crypto sector is heading towards mass adoption and many people will soon be earning funds in digital currencies.
For individuals with interest in cryptocurrencies, we have various ways to earn. The interesting part is that earning cryptocurrencies does not require much work. Here are some of the ways you can earn cryptocurrencies in 2019.
Under this category, you earn through completing micro tasks. Some of the microtasks include article writing, social media management, and referrals. With micro tasks, your goal is to push for large scale participation. The compensation is based on factors like quality of work and the type of job. Looking for micro jobs is also known as bounty hunting and it can be traced back on the Bitcointalk platform.
Bounty hunting has been growing with time. Platforms like Bounty0x, are known to legitimize micro-tasks. The platform has a mutually incentivized ecosystem for companies to host bounty hunters to complete tasks. Bounty0x is set up on a blockchain with its own token, BNTY. The token incentivizes work and solves the trust issues with other bounty platforms. Bounty0x aims to be the leading base for crypto earning.
In terms of popularity, masternodes are still not very common in the cryptocurrency world. However, masternodes can be a real source of cryptocurrency income online. Masternodes draws some similarities from cryptocurrency mining. Masternodes are utilized in the Proof-of-Stake projects for block verification. Users only dedicate their computer’s processing power to the network. Every single masternodes requires a specific amount of its native token to be staked.
Earning from master nodes is based on a number of factors. Recently, masternodes have been attracting the attention of scammers. To invest in masternodes, you need a long term investment plan. For example, Dash masternodes earn about 6.8% yearly.
We have the existence of Proof-of-Stake coins that pay users rewards. Holders earn rewards by staking their coins. This model of earning resembles the placement of masternodes but requires less work. This model is simple, as a cryptocurrency holder, all you have to do is store your coins is a specific wallet and earn rewards by staking more coins.
This means of earning cryptocurrency shows signs of growing considering that big players like Cardano and Ethereum are planning to offer staking services. Some of the best paying platforms include Komodo which pays 5% commission on all staked coins.
Accepting Payments In Cryptocurrencies
Receiving cryptocurrency payments works well for e-commerce websites. If you own a company or business, accepting cryptos will be a viable way to earn. Some of the popular platforms that accept cryptos include Shopify and WordPress plugin like WooCommerce. With this platform, you can earn different cryptos where you can store them, sell or convert to fiat.
Crypto faucets pay for your time and attention. They range from websites with ads or games. With basic websites, users only need to complete a CAPTCHA while other platforms offer a survey that should be completed. In other cases, we have applications that pay satoshis for eliminating aliens. However, it is important to note that crypto faucets are the least lucrative form of earning cryptos online.
Mining is among the most lucrative form of earning cryptocurrencies. This mode of earning has produced millionaires in the crypto sector. It was more lucrative during the earlier years of cryptocurrency inception.
Normally, cryptocurrencies deploy Proof-of-Work consensus algorithm. In return, miners conduct mathematical algorithms in exchange for a block reward. Profit margins are controlled by the crypto’s market value, cost of electricity and cooling of mining rigs. Although mining profit has dropped, you can still earn through setting up your own mining rig or taking part in cloud service mining that handles the complex part.
Over the years, the number of casinos paying gamblers in cryptocurrencies has been on the rise. If you can handle the risks of gambling, then this should be your next venture. With online casinos, you enjoy some convenience since you don’t need to verify your personal details before gambling.
Typical casinos are usually tedious to sign up as they require a user to undergo a cumbersome verification process. However, before venturing in cryptocurrency gambling, you should do sufficient research about the authenticity of the platform you have selected. The industry is very unregulated and you can be exposed to risks. Visit platform like CoinClarity to learn more about cryptocurrency gambling.
If you have experience in trading, then your doors to earning in cryptocurrencies are open. Note that day trading requires patience and experience. Before venturing in crypto day trading, begin with paper money. If you wish to enhance your skills, you can practice trading crypto with real-time prices at WhaleClub for free. If you have experience, use platforms like Bitmex and Coinbase to trade.
If you have the relevant skills, then freelancing is the best option for you to earn in cryptos. You can earn through skills like writing, photography, and editing. If you don’t harbor these skills, no need to worry as we have numerous online resources to help you get started. Unlike other platforms, freelancing is easy to start. We have countless companies that pay freelancers in cryptocurrencies. We also have freelance job service platforms that only pay through cryptocurrency. Visit platforms like Bitgigs.com, CryptocurrencyJobs.com, and Cryptogrind.com.
If you can manage the volatility within the cryptocurrency sector, then this is the best platform to earn in cryptos. All you have to do is buy cryptos in fiat and hold on to it. The next phase will require you to buy low, sell high, repeat on a long-term scale. If you are patient enough, you will earn big when the crypto market improves.
However, before getting into this business, conduct enough research. Always be on the lookout for cryptos that are near the bull run phase. Gain trading experience and sell some of your cryptocurrencies. The bottom line is to have enough experience and knowledge to enhance your chances of earning big.
With airdrops, you can conduct simple tasks like following a company or holding cryptos at the correct time and earn digital assets. Airdrops are mostly utilized when marketing ICOs. One of the recent companies to conduct airdrops is Stellar. The airdrop had a giveaway of $125 million in XLM tokens to Blockchain wallet users.
Crypto Blogging Platforms
We have online platforms where cryptocurrency writers can post articles and earn cryptocurrencies. Articles posted on these platforms get claps or upvotes. If it gets 50 claps, the writer begins building an audience. The claps are then converted into Satoshi. A platform like Steemit operates on such a model. With more claps, you earn more cryptocurrencies. Steemit operates under EOS and BitShares. It needs the use of STEEM. We also have Publish0x where writers sign up and earn tips from readers based on their cryptocurrency of choice.
Generally, affiliate marketing is one of the popular means of earning online. You can earn in cryptocurrencies if you have the right affiliate marketing strategy. Platforms like Coinbase and wallets like Ledger Nano S pay commissions in cryptocurrencies for individuals who wish to market their products.
Notably, before becoming a good affiliate marketer, you need some capital to learn how to build an audience and sales. Starting is always easy but it is difficult to sustain and earn from affiliate marketing. To earn more in cryptocurrencies, you need an audience that has more interest in cryptocurrencies.
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