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Explore yield farming and liquidity mining Some of the most popular ways to make money with cryptocurrency these days can be found in the world of decentralised finance DeFi. Yield farming has proven especially sought after. Otherwise known as liquidity mining, this essentially can be described as a more technical, involved alternative to staking. Lend your crypto to other people DeFi has also sparked a proliferation in crypto lending. The interest rates on offer can fluctuate depending on the cryptocurrencies in your portfolio.
Earn crypto with microtasks The gig economy and sharing economy have created new and exciting ways to earn cash in the real world… and these opportunities have been spilling over into crypto as well. One increasingly popular way of earning digital assets can involve completing a series of microtasks. This could include processing data, reviewing images, completing quizzes about different cryptocurrencies online, and downloading apps and games and leaving reviews. The possibilities are endless, the tasks are pretty easy to understand, and the crypto can add up over time.
Use crypto-focused social networks A flurry of crypto projects have emerged in recent years that aim to offer a decentralised alternative to the likes of Facebook and Twitter. There are pyramid scheme games that are more of a gamble than anything, and there are other blockchain based games like Huntercoin where users can collect virtual coins that can be converted into cryptocurrency.
There are also other games like CryptantCrab where there is a market for in game items that sell for ETH. Revenue Sharing Platform Revenue sharing platforms like Steemit and Pocketnet reward users with tokens for submitting high quality posts. Those tokens have value and can be cashed out on an exchange just like any other cryptocurrency. If you already participate in discussion platforms like Reddit and write a lot, investing some time into the above platforms might be a good idea as you can start earning money for your time.
Trade with Trading Bots One of the easiest and most passive ways to make money with cryptocurrency is by trading with the help of trading bots. You can check out our extensive FAQ on trading bots , how to use them and which ones to choose. Trading bots are safe to use and you can set the threshold of how big of trades to make. Become a Crypto Influencer You can start putting out content on any platform and start building a following.
Whether its twitter, youtube, tradingview, etc. You can build a large enough following if you have high quality content that people want to consume. Once you build your audience and following you can then monetize it and get paid for your content creation. The hardest part about this method is it takes quite some time to build a following, and you need to stay consistent with your work. Become a Project Adviser Have a degree? Have some experience managing project? Most crypto projects consist of small teams that need all the help they can get.
These days you can mine cryptocurrency by simply getting an app on your phone. You simply check in on the app once every couple days and after a period of time you will accumulate coin which have actual value. You can even invite your friends and make a percentage of their mining profit. There are also ways to mine by contributing hard-drive space rather than GPU mining power.
