The 7 Easiest Ways To Earn Cryptocurrencies in 2021
In many people’s eyes, cryptocurrencies are a super high-risk high-reward investment. This perception is completely true for crypto trading: there have been countless times where a coin loses half of its value over a week. But what many people don’t know is that there are other ways to earn crypto which are incredibly easy and involve little to no risk.
Earn Passive Income From Staking
For those who are new to cryptocurrency, staking is a process for creating new blocks on the blockchain, which is employed by Ethereum and many other coins. You stake coins by committing a certain amount of your crypto asset to support the blockchain network for a set period of time. During this period, you cannot use those coins.
However, after new blocks are created, you will get all your crypto back plus a staking reward. Already you can see how anyone can earn passive income from this similar to gaining interest from a bank account.
Ethereum is no doubt the most popular cryptocurrency for staking. There are a few staking platforms for it, including Lido which lets you stake without locking in your assets, and StakeWise which prioritizes staking profits.
One drawback of this method is staking rewards are not the most consistent. When there are already many stakers in the pool, the reward will go down and when the pool is inadequate, staking profits go up.
If you’re an avid reader or an aspiring writer, you cannot look past Publish0x. The site has their own reward pool and every time a reader finishes reading an article, they get to choose what percentage of the pool they want to tip the writer, then they keep the rest.
Publish0x is a community-driven, Medium-inspired site that is great for making extra crypto on the side. You can also consider the referral program, which grants you a 5% lifetime percentage off of your referral’s every tip. Currently, the rewards in Publish0x are only in ETH.
Learn and Earn Programs
What if I tell you there’s a way to get rewards in crypto and learn about new, exciting projects at the same time? That’s exactly what programs like Coinbase Earn and CoinMarketCap Earn are for.
To be specific, once you sign up you will be shown a video or infographic about new blockchain projects. Then, you only have to do a few simple quizzes so that the developers can gauge how comprehensible their project is. You can do these programs whenever you have the time, you’ll get paid and gain new knowledge!
This is going to be great news for the Reddit enthusiasts: karma can now be exchanged for cryptocurrencies. However, this doesn’t apply to all subreddits since only a few have their own currency. For example, r/FortniteBR has BRICKs as their currency while r/CryptoCurrency has MOONs.
Upvotes for your posts and comments in these subreddits can be exchanged into cryptocurrencies at the end of the month. Unfortunately, this method can produce wildly different results for different people. Reddit is a big place so your posts can easily get ignored; that’s why being interesting, creative, and having a sense of humor is a huge advantage.
Cashback But In Crypto
Cashback is a common marketing tactic that gives back to the customers a percentage of their spending. There are browser extensions such as Honey or Rakuten which offer cashback at thousands of retailers. Well, Lolli is the version of that but for Bitcoin.
The beautiful thing about Lolli is that customers can shop with fiat currencies like how they normally do, but the reward is in Bitcoin. As a result, it is great for people who dislike converting back and forth all the time. Lolli also partners with some of the most reputable brands like Nike, Adidas, Samsung, Sephora…
Airdrops refer to the practice of sending people free coins to advertise a new project. If you’ve signed up and got chosen, you only need to do some simple tasks and the developers will send you free coins. Some well-known airdrops in the past are Bitcoin Cash, Stellar, Uniswap…
However, airdrops can be time-consuming and there’s no guarantee you will be chosen. In addition, keep a sharp eye out for airdrop scams. Do your research before jumping in and it’s best to stick to airdrops on major exchanges like CoinMarketCap.
Blockchain is not just used to create cryptocurrencies. A new type of games called ‘blockchain games’ has been making waves among the gaming industry, some of which are ‘play-to-earn games’. Like their name suggests, players can actually earn money from these games.
In-game economy is a concept seen across the board in video games, but in play-to-earn games, the items are actually non-fungible tokens (NFTs) that can be traded, sold, bought. Some famous titles of this genre are: Axie Infinity, The Sandbox, Ember Sword, Decentraland…
One thing to keep in mind: most play-to-earn games require an initial investment, which can sometimes be hundreds of dollars in the case of Axie Infinity. But don’t worry, there are play-to-earn games for all budgets.