Nine Ways to Earn Cryptocurrency Without Mining and Trading

March 30, 2020   Bitcoin

You have probably heard or read about millionaires who have made fortunes on cryptocurrencies. For the most part, these are investors who made a breakthrough with cryptocurrency in the initial stages. They are also called whales. Perhaps you are wondering: is it possible to get cryptocurrency for free without trading or mining? The answer is yes.

Airdrops


Some projects give away a certain amount of their tokens in small quantities to the general public. The logic of this is simple - the more people use the product, the higher the value attributed to tokens. During the heyday of the initial coin offerings (ICOs), many people received “air drops” worth up to $5000. In 2020, such “air drops” still cost as much as $100, while such giveaways are thousands in number.

You may need to perform certain tasks for this type of obtaining coins, which include exchanging on social networking forums, communicating with a specific blockchain project participant, etc.

Bitcoin taps and microtasks


There are websites called faucets that give Satoshi, the smallest unit of Bitcoin, to their visitors. These visitors fill in captchas, view ads, or perform microtasks. Micro-tasks range from filling out surveys to downloading applications, from watching videos to filling out questionnaires and conducting beta testing. FreeBitco.in is one of the oldest existing bitcoin faucets on the Internet. It offers users up to $200 in free BTC every hour, which is higher than most Bitcoin faucets.

Consulting and training


Each person comes into the industry with their own skills and finds ways to use them in a decentralized space. The best part is that the demand for blockchain experience combined with traditional skills is growing. Thus, one can start offering consulting services for new blockchain projects. Let's look at a few examples:

Freelance writers working with content for blockchain companies.


This list has no end. And most blockchain companies, by default, prefer a decentralized structure. So, your location doesn't matter. You can receive payments in bitcoins across the border at low cost, without resorting to the costly and time-consuming traditional methods of payment.

Investing in Bitcoin


Buying and holding is the method you are most likely familiar with. HODLing - this means that you need to keep bitcoins, and not sell, especially when the market is bearish. This is a basic profit strategy that even beginners can take.

This is one of the best and easiest ways to focus on how to make money in cryptocurrency.

Long-term holding is highly recommended. If you had $100 in BTC in 2014, today it would cost $8734, and that’s only 5 years from 2014. No bank or other similar investment can promise you such a profit.

Freelance for cryptocurrency


Working for bitcoins is the legal and easiest way to get crypto assets. There are many platforms and sites that offer you bitcoins in exchange for your services.

No matter what skills you have, you can easily sell your services at specialized sites for cryptocurrency. Some of the most popular freelance platforms include:

  • Jobs4Bitcoin - the popular Reddit bulletin board for tasks paid in bitcoins
  • Bitwage - payroll and HR services for receiving payment in crypto
  • Angel’s List - a site for job boards featuring a lot of crypto projects
  • CryptoGrind - a place to buy and sell freelance services using Bitcoin
  • CryptoJobs - a bulletin board for freelancers who want to earn a crypt for their work
  • Coinality - project bulletin board
  • Bitfortip - pays bitcoins for helping people

Shop and get cryptocurrency tokens


Among the quick opportunities to get cryptocurrency, online shopping is the most productive. By creating an account on the CEX website, you will be provided with a mobile application for Android and iOS. Using the Lolli application (Chrome extension), you are able to earn bitcoins just by making everyday purchases in the form of cashback.

Bitcoins for helping people


It’s an interesting way to earn crypto assets. This is a fairly revolutionary way to earn crypto assets if you are well versed in offline and online research.

Bitfortip is a mobile platform that pays you for the help you provide in informing the public about cryptocurrencies. Their slogan is: “Advise bitcoins as an incentive. Earn Bitcoins for help.”

On this platform, anyone can ask anything, and the response provider receives prompts and Bitcoin in exchange for their answer. For example, if someone wants to find out where to buy a pink Persian cat in India, then the one who will give the answer will be paid cryptocurrency coins.

The online platform is available in 11 international languages. This provides an easy level of access for many people around the world.

Cryptocurrency and affiliate marketing


This type of earnings is very popular among bloggers, news sites, social networks and ordinary users. Companies provide a unique URL or promotional code for affiliate marketers to send out to their customers. When someone makes a purchase using your affiliate link, you will be paid a reward in cryptocurrency assets.

Each company structures its affiliate program in its own way. For many e-commerce brands, you will receive a percentage of the total amount of the sales order you referred to. For other companies, you can get a set fee for each person who subscribes to the service using your promo code.

For example, Coinbase will pay you $10 for each customer who signs up and pays at least $100. Another popular exchange, Binance, offers up to 40% transaction fees for your referrals. For people with a large audience, this can be up to a thousand dollars a month.

Another alternative is the BlockFi affiliate program, which offers 10% of the interest received by referrals to the BlockFi interest account.

Play games and get bitcoins


There are several games that you can play on your smartphone and which will reward you in Bitcoin (BTC). Here are six of the best bitcoin games you can play and get crypto coins:

  • Bitcoin game Bitcoin Alien Run is a popular mobile bitcoin game that allows you to play an exciting 2D game with a runner on your smartphone and earn bitcoins. The game is available for both Android and iOS.
  • Spark ProfitSpark Profit - a simulation of financial trading that allows you to make forecasts in real money markets, such as currency and cryptocurrency markets.
  • Altcoin Fantasy, a free cryptocurrency simulator, will teach you how to trade digital assets in a risk-free environment.
  • Spells of Genesis allows you to actually own your in-game items and maps on the blockchain itself.
  • Satoshi Quiz - allows you to win the PTS by answering questions from different categories. For each correct answer you can win a prize pool of 1000 Satoshi.
  • RollerCoin - offers a reward for the block every five minutes, which is distributed among all participants depending on their mining power.

Flexible deposits


This is a financial product that Binance provides its users for lending and interest. Users can borrow their free cryptocurrency assets to Binance Margin and receive interest.

This option makes it easy to profit from your cryptocurrency. This happens regardless of market movement, which gives you a reliable investment that will ensure a guaranteed income. It offers convenience through ease of use. Flexible deposits are a kind of cryptocurrency savings account.

Conclusion


Cryptocurrencies are the currency of the digital age. In the end, such a medium of exchange was supposed to take over the Internet and the whole world. As with any other payment method, you can earn significant profits from cryptocurrencies. However, you need a sharp look at market trends and the ability to accurately perform tasks.

Author: Kate Solano for Сrypto-Rating.com

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