Let’s face it – everyone wants to earn some cryptocurrency. We don’t want to miss out on another spike in the price of crypto coins. But the cryptocurrency market is uncertain, and most of us don’t want to risk losing our hard-earned money. Here are some of the best ways to get your hands on some crypto coins at a minimum risk (and sometimes effort).
1. Earn cryptocurrency by buying
The most straightforward way to earn crypto coins is just like with most things in life – buy them.
Buying cryptocurrency is now easier than ever before.
As the industry gained a lot of popularity in the past few years, its demand increased. Many companies started offering services that enable anyone to easily and safely enter the market.
But how can you buy cryptocurrency?
If you’re in a hurry, you may want to check the sign-up and verification process or buy with cash directly.
Buying cryptocurrency is now easier than ever before.
As the industry gained a lot of popularity in the past few years, its demand increased. Many companies started offering services that enable anyone to easily and safely enter the market.
But how can you buy cryptocurrency?
If you’re in a hurry, you may want to check the sign-up and verification process or buy with cash directly.
2. Start mining crypto
Mining is a great way to get some crypto coins. But it doesn’t work for all currencies.
Most people believe that mining is about obtaining as many coins as possible for yourself.
But the whole process is a bit more complicated.But if you want to try your luck with Bitcoin mining, you don’t have to invest thousands of dollars to get started. You can always join a mining network. All you have to do is pay the joining fee, and then you can work together with other members to mine. The only downside is that you’ll also have to split the rewards. Some of the best cryptocurrencies that you can mine right now are:
But the whole process is a bit more complicated.But if you want to try your luck with Bitcoin mining, you don’t have to invest thousands of dollars to get started. You can always join a mining network. All you have to do is pay the joining fee, and then you can work together with other members to mine. The only downside is that you’ll also have to split the rewards. Some of the best cryptocurrencies that you can mine right now are:
- Ethereum (ETH)
- Monero (XMR)
- Dash (DASH)
- Litecoin (LTC)
3. Earn crypto by staking
If you’ve got your eye on some coins that you can’t mine, don’t worry. There’s still a way to get them.
There are 2 main methods of validating blocks – Proof of Work and Proof of
In a Proof of Stake system, the person to confirm the creation of a new block is chosen in a deterministic way, based on the number of coins he already holds.
Staking looks a lot like a lottery game. The more coins you hold and put into staking, the more chances you have to be chosen to validate the transaction.
But to stake, you need to hold several crypto coins, so this method works great only if you want to increase your stocks.
There are 2 main methods of validating blocks – Proof of Work and Proof of
In a Proof of Stake system, the person to confirm the creation of a new block is chosen in a deterministic way, based on the number of coins he already holds.
Staking looks a lot like a lottery game. The more coins you hold and put into staking, the more chances you have to be chosen to validate the transaction.
But to stake, you need to hold several crypto coins, so this method works great only if you want to increase your stocks.
4. Earn Crypto with DeFi Yield Farming
Known as Yield Farming or Liquidity Mining, Decentralized Finance projects come with a reward system that resembles the bonds market in a way.
In the most straightforward understanding of this process, Yield Farming is a method of generating rewards from locking up cryptocurrencies. As you lock in your funds and grant liquidity to a Defi token, you will get rewards and interest. Depending on the project, you can get additional tokens besides the yield.
Some of the most prominent DeFis that you can mine right now are:
- Compound (COMP)
- Kyber Network (KNC)
- 0x (ZRX)
- Ren (REN)
5. Join a few airdrops to earn cryptocoins
Airdrops are a great way of taking early advantage of emerging projects.
Most projects use airdrop campaigns to gain an initial level of notoriety and create a community around their project. This is an excellent tactic because it helps crypto enthusiasts find out about upcoming projects while also providing them with something of value – tokens.
In exchange for performing a specific set of tasks, users receive some of the project’s tokens.
Once the project hits the market, those tokens can be traded for other coins or sold for cash. Some of the most common tasks include:
- Following their social media channels;
- Signing up on their platform;
- completing a form about the project;
- Downloading their app.
6.Earn Bitcoins from crypto faucets
One way to earn cryptocurrency without investing money is through faucets. It may take some time and determination, but in the long-term, it will generate decent revenue.
There are many cryptocurrency faucets that you can join, and most of them pay in Bitcoin or Ethereum. Those that pay out Bitcoin will reward their users with Satoshis for every micro-tasks, and those that pay out Ethereum will reward Wei.
The system of a faucet is quite simple to understand. You have to watch ads, complete surveys, and play games to be rewarded a small portion of a cryptocurrency. Then you can cash out your cryptocurrency once you reach the minimum withdrawal limit. Although it can feel relatively slow, a crypto faucet can get you to earn your first Bitcoins if you’ve got the time and determination.
The system of a faucet is quite simple to understand. You have to watch ads, complete surveys, and play games to be rewarded a small portion of a cryptocurrency. Then you can cash out your cryptocurrency once you reach the minimum withdrawal limit. Although it can feel relatively slow, a crypto faucet can get you to earn your first Bitcoins if you’ve got the time and determination.
7. Accept crypto payments
Do you own an e-commerce website?
Then it’s your time to shine.
Platforms such as Shopify or WooCommerce allow merchants to accept cryptocurrencies as payment through their website.
And I’m not talking only about Bitcoin.
WooCommerce allows its users to accept some 50 types of crypto coins, while Shopify goes even higher, with more than 300.
And the process isn’t even complicated.