Are you interested in earning cryptocurrency as passive income but don’t know where to start?
Earning a few extra bucks wouldn’t hurt your finances, right?
Here are 8 ways to earn cryptocurrency if you are new to cryptocurrency or interested in monetizing your experience.
All of them are very easy and all you need to do is choose which one would work best for you:
1. Mine and Earn Cryptocurrency
Have an old laptop or gaming computer lying around?
Start mining cryptocurrency!
While it is no longer profitable to mine Bitcoin on a laptop, there are quite a few upcoming coins which allow you to mine from a computer.
You can also join a bitcoin mining pool however, the profits are very low because the competition is very high.
Though this method will require a bit of setting up at the beginning, but once you are ready to go, the cryptocoins will be rolling in on their own.
Cloud mining became increasingly popular in 2017 with companies like Genisis Mining and Hashflare attracting millions of users.
If you find the tech rather daunting but still want to earn cryptocurrency as passive income, cloud mining is a good place start.
Cloud mining also allows you to focus on the finding which coins are the most profitable to mine without being overwhelmed by all the tech.
Before moving forward, click on both affiliates links below to set up your cloud mining accounts with Hashflare and Genesis Mining so you can see what cloud mining looks like even if you don’t buy anything.
What’s important is that you get started!
I have personally tried both and will be writing a review soon but long story short, I’ll be explaining why some people make profit and others don’t, 😉
When you make you purchase you can use the following promocode FaUSrN for a 3% discount on your first purchase with Genesis Mining.
Both Genesis Mining and Hashflare accept credit cards,
2. Cryptocurrency Bounties
A bounty basically means to be rewarded cryptocurrency or crypto-tokens in exchange for carry out a small and usually easy task.
These tasks usually involve spreading the word through social media such as:
- Sharing a post to your followers
- Getting shares or retweets
- Getting likes
- Downloading the app
- Reviews on certain websites
If you already have a high Instagram, Twitter or Facebook following, go to bitcointalkforum.com and checkout all the new bounties being offered by ICOs.
The cool part is that many ICOs will offer bonus aridrops to existing token holders for their loyalty.
This means to buy a coin at a relatively low price and sell it at a higher price as the market goes up.
This is also the first step milestone to day trading cryptocurrency.
Okay, I admit that this one requires a bit more market knowledge and self control but Ii you have a few extra bucks lying around, you can buy a few cryptocoins and forget about it for a few years.
This strategy has a made quite a few cryptocurrency millionaires over the years.
However, you need a good a cryptocurrency wallet to keep you cryptocurrency secure over extended periods.
You can click on the following affiliate link to check out the HODL Wallet: https://tinyurl.com/ybw6k7pe
5.Add a tipping feature
Already creating content?
Do you have a blog or youtube channel?
Add a wallet address or donation button so your audience can help support your project.
Plus it is great way to monetize your site.
Steemit is a platform which pays you to create content and many bloggers use Steemit because of its reward program for publishers.
7.Get paid to watch content
Too lazy to invest yourself in any of the above?
Gone are the days when you sit through ads for free.
The new generation of ads are paying users to watch the content.
How awesome is that?
Faucets are websites which offer small amount of cryptocurrency in exchange for a small task such as providing your name email.
Faucets are a great way to get your first cryptocurrency to understand how it works but the amounts given are very insignificant.
As they say, the journey of a thousand miles begins with the first step.
Pick one and register!
You will never know unless you try.
If it doesn’t workout, move on to the next one.
Many seasoned cryptoenthusiats have tried a few of these when they were just starting out.
But just because you make a few hundred dollars with any of these methods is no reason to put your entire life savings into cryptocurrency. 😉
Though, it’s always a good idea to diversify, the cryptocurrency market is extremely volatile and can drop 70% at any time so investing in cryptocurrency is gamble.
Therefore do not put more than you are willing to lose, this way you are less likely to make emotion-driven decisions.
Disclaimer: I am not a financial advisor and the information provided does not replace professional advice. The Cryptocurrency prices are extremely volatile so please do your due diligence before investing in any website.
Founder of Satoshi Library
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