What are the no-brainer and easy ways to make money with cryptocurrency? If you are looking for a way to earn money online, using cryptocurrency will probably not cross your mind.
However, looking at its potential and the way it has taken the money market today, it should.
Nonetheless, cryptocurrency is a particular digital asset that can enable you to earn high income if, and only if, you know the best, and perhaps the most effortless, ways to do so.
And, backed by blockchain it is also the safest and most secure way to do so. The best part of it is that you will not need to invest any money to earn an income from cryptocurrencies apart from your time and effort.
Most people who are knowledgeable about this digital asset think that buying, selling, investing or trading crypto coins are the only ways to earn money through it.
Yes, it is true that these are the most common ways but there is a certain amount of risk involved as well due to the high volatility of the crypto market as well as the scams in this field that are ever rising.
That is why most people do not end up well while doing that. Check out Best Crypto Rewards Cards.
However, there are actually lots of ways to get rich, using cryptocurrencies in any form.
These are all legitimate ways to make money with cryptocurrencies and with very little or no risks, depending on the particular way you choose to go with.
11 Easy Ways to Make Money with Cryptocurrency
There are too many ways in which you can make the best use of cryptocurrencies and make money from them.
You do not always need to invest or trade them for that. If you do not know the ways then this list of some of the most common and uncommon ways to earn money with crypto coins will surely provide you with a valuable answer.
Go through all of the 11 ways mentioned below and make sure that you choose the one that suits you, your time and your needs the best.
You will surely be able to add a considerable amount to your income with one of these ways.
1. Buying and Hodling Crypto Coins
Buying crypto coins and Hodling them is one of the most common ways in which you can earn money with cryptocurrencies.
This is the way that most investors take. You can buy any type of crypto coin such as:
- Bitcoin
- Ethereum
- Litecoin
- Ripple and more.
All you have to do after buying one or many of these coins is wait until there is a significant rise in the price, which, rest assured, is bound to happen. Once it does, sell your holdings off at a profit.
However, if you follow this method, you should remember a few things such as:
- You must identify the more volatile assets
- You must choose the more stable coins
- Keep an eye on the price fluctuations on a regular basis and
- Analyze the particular crypto coins that you want to Hodl.
The best and safest investments to make in this strategy are in Bitcoin and Ethereum since these coins are known to maintain stability. Therefore, your investment will be safe until you wish to trade your coins
However, these coins come at a premium and are also very scarce. If you do not want to buy such expensive crypto coins, you can also go for those less expensive altcoins.
There are thousands of it available in the crypto market and also are fairly responsive to price fluctuations.
Also, you can hodl a mix of different types of coins and not only the most popular ones in the crypto exchanges. This will ensure that you have a better future value and profit.
2. Earning Dividends on Crypto Coins
If you are interested in holding your crypto coin or coins, you can earn dividends on it very easily. However, you will once again know the right coins to hodl.
In fact, there are lots of crypto coins that will offer quite a high rate of dividend when you buy and simply hodl them.
The best thing about this method of earning money with cryptocurrency is that you do not need to stake the coins you hold in your digital wallet.
This means that there is no element of risk involved in this strategy which is why this is one of the most favored ways of the players in the crypto world who want to make money with cryptocurrencies.
Though there is a humongous list of crypto coins that offer dividends to the holders, some of the best and most promising ones are:
- COSS
- NEO
- CEFF
- KUCOIN and others.
However, there is one specific thing that you should remember and be comfortable with before you choose this way to earn money with cryptocurrencies.
It is that not all of these crypto coins will prove to be suitable for your crypto portfolio just like all other traditional stocks.
This means that you will need to spend some time to analyze the coins precisely and choose the ones that will be able to meet all your investment goals and parameters.
3. Running Crypto Master Nodes
You will also be able to make a considerable amount of money when you run crypto master nodes.
These are those nodes that encourage the operators of different other nodes to carry out their roles while they operate the blockchain.
To put it in simple words, a cryptocurrency master node is a computer wallet that helps in maintaining the record of all crypto transactions and activities in real time.
This method is however very technical in nature and therefore you will need to be fairly knowledgeable about it to get behind it and make it work in your favor.
However, running cryptocurrency master nodes is considered to be one of the best ways to earn passive income and is very popular among the players in the crypto space.
In this method, you can make money by looking for those specific cryptocurrencies that pay the node operators to maintain a record of the activities on their own blockchains such as PIVX and DASH.
However, in order to do that, you will need to maintain a specific amount of coins under that master node.
This is a process that is essential for blockchain and is often overlooked by the crypto enthusiasts.
Most cryptocurrency platforms maintain the records real time by outsourcing this function of a master node operator for a fee.
4. Staking Crypto Coins
Staking cryptocurrencies is also a proven way to earn money using the digital asset.
The good thing about this method is that it offers nearly double the earnings to the stakeholders. The primary reasons that staking crypto coins offer higher earning are:
- Frequent price appreciation of the coins and
- Higher dividend payout for staking the digital assets on specific coins.
However, if you want to earn by staking your digital assets, you will need to hold those coins in a live wallet.
This will also ensure that you make some extra coins simply due to the fact that you have facilitated securing the specific crypto network of that specific coin that you hold.
Some of the best crypto coins that will provide higher returns are PIVX, Navcoin, Decred, Neblio, and lots more.
5. Day Trading
If trading is what you are inclined to, then go for day trading. This will offer you a better chance to make money with cryptocurrencies.
This is the way which a majority of crypto investors consider to be more effective.
Typically, day trading involves much more than what it apparently looks like.
It does not only mean that you will hold the digital assets till the time the value of it rises. You will need to do a lot more than that to be a successful day trader and it includes:
- Proper analysis by using different analytical tools of the digital assets you want to hold and
- Being knowledgeable about the specific technical skills that you need to learn and master.
This means that you will need to spend a lot of time analyzing the crypto market and its performance by scrutinizing several charts, trading signals, and listening to the latest news for updates.
You will also need to know how each of the assets that you want to day trade with are currently performing.
This means that you will need to go through the performance charts of different listed digital assets in different crypto exchanges.
This method is perhaps the one that needs maximum involvement from your side, but is also highly rewarding.
You can perform day trading on any exchange after you sign up and buy some assets. You can however trade via an automatic platform, especially those that will allow you to decipher the trading signals that are sent based on the current trends.
6. Microtasking
You will also be able to earn a lot of money with cryptocurrencies if you help with microtasks.
These microtasks can be of any type and can vary widely including:
- Taking surveys
- Apps testing
- Watching videos
- Ad viewing and lots more.
You can start by helping out a few individuals with their small tasks before you have enough time and experience to handle those of the larger cryptocurrency platforms such as CoinBucks, Bitcoin Rewards, Bituro, and others.
You Will get paid handsomely for your efforts.
7. Working for a Crypto Company
This is one of the most common ways to earn money with cryptocurrencies. There are lots of cryptocurrency companies out there who hire people to do the jobs for them.
You may work for such a company at any capacity or in any position which includes and is not limited to:
- A digital marketer
- A content creator
- A web designer and lots more.
You will simply need to know their needs and satisfy them with your skills in solving a problem.
Some of the most popular and favored crypto firms that allow people to work for them and pay tem in crypto coins for the services offered are:
- Coinality
- Angle.co
- XBTFreelancer
- bitWAGE
- JobsforBitcoin
- Coinworker
- 21.co and more.
The most significant benefit of working for a crypto company is that you will be working remotely. This means that you will have the flexibility of working you’re your home or any other place in your chosen hours.
Another significant benefit of working with these companies is that you will get very competitive and handsome pay packages.
8. Crypto Arbitrage
As you may know that the crypto market is highly volatile but more importantly, it is fundamentally unregulated. This results in a wide range of variations in different aspects of the market that includes:
- Prices of the products
- Assets valuation
- Liquidity
- Volatility and more.
Typically, most of the crypto exchanges determine the prices of the assets listed by themselves. This has surely affected the liquidity and volatility aspects.
If you perform a thorough research, it will be easy to identify the assets with significant price variations and make the most out of these crypto coins by buying them for a cheaper source and selling the same on crypto exchanges that have assets that are overpriced.
This process is called crypto arbitrage and if everything goes well and you pull all the strings perfectly together, you can earn anywhere between 5% and 30% in profit due to the price spreads across different crytpo exchanges.
However, make sure that you compare the prices of the different digital assets across different platforms before you jump into your venture.
Signing up with different crypto platforms will help you significantly to find the most meaningful and potential variations and capitalize the most on them.
9. Crypto Faucets
This method is not very popular but still this is quite a viable and feasible way to make money with cryptocurrencies.
You can generate quite a substantial amount from the Bitcoin faucets, which is more popular than the other coins.
This is typically a reward system. This system usually runs in the form of an app or a website. You can earn rewards in Satoshi, which is one hundredth of a millionth BTC, if you happen to be a qualified user.
You can earn these rewards by completing different tasks. It can be a capture or any other tasks that the app or the website may require you to perform.
The best part is that you can even earn handsome rewards by performing several different fun activities such as:
- Watching videos
- Playing games and
- Viewing ads.
As a reward, you will earn a small portion of Bitcoin when you complete a task. However, this may not be a lot of money.
In order to earn a considerable amount of money from the crypto faucets you will need to complete a lot of tasks successfully.
10. Creating Crypto Content
Content creation is one of the most significant, common, and popular ways to earn money online.
This is the best way to communicate any message for a new product or service with the audience on the internet. You can create crypto content to make money as well.
Some of the reliable websites that you can write content on cryptocurrency for include:
- Yours
- Steemit and
- Y’alls.
You can write different types of crypto content for different brands such as:
- Written content
- Video content
- Infographics and more.
Even if it sounds odd, it is true that the crypto industry relies heavily on content marketing. This is primarily due to the fact that these are virtual projects.
Therefore, it will need much better ways than the conventional ones to promote and market the products so that it reaches the target audience out there easily and most effectively and creates a positive impression in their minds.
11. Paying with Crypto Coins
Finally, one of the easiest and most common ways to earn money with crypto coins is when you make it as a mode of payment for your purchase of goods and services.
Typically, the merchants that accept crypto coins as a form of payment make handsome earnings in the process.
As for the crypto industry, this is also very productive because with more transactions made, the market value of the crypto coins may rise by more than 1000% in a day!
Ideally, there are not many investments that will offer you 100% return even in several years.
However, you will simply need to choose the right channel to accept crypto coins as a form of payment. To get started you can try out CoinBank, CoinGate, BitPay, SpectroCoin and others.
Conclusion
As you can see, there are lots of ways in which you can make money with crypto coins over and above investing and trading them.
Choose any one or a couple of ways from the list above but make sure you are convenient following it.
I have special interest in crypto and intend to help common people to gain knowledge about the digital asset as well as its potential. Follow Me at Linkedin.
