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. And as the 2022 context shows us, getting some crypto can be an efficient precaution against inflation and the banking system’s failure.
Still, the cryptocurrency market is uncertain, and most don’t want to risk losing their hard-earned money.
So, if you are wondering how to earn cryptocurrency at a minimum risk (and sometimes effort), stick with us and find the best option for you.
1. Earn Cryptocurrency by Buying
The most straightforward way to earn crypto coins is like with most things in life – buy them.
Buying cryptocurrency is now easier than ever before.
As the industry gained remarkable popularity in the past few years, its demand increased. Many companies started offering services that enable anyone to quickly and safely enter the market.
But how can you buy cryptocurrency?
Buying Bitcoin, for example, can be as simple as going to a Bitcoin ATM and getting it with cash or credit. However, other crypto coins aren’t so accessible, so you can only buy them via crypto exchanges.
But there’s one thing you should consider – transaction fees.
On most online exchanges, the transaction fees are updated in real-time based on market fluctuations. And the fees themselves are pretty low.
Bitcoin ATMs, however, tend to have high transaction fees. So, it’s usually advised to buy Bitcoin (or other cryptocurrencies) through exchanges such as Coinbase, Gate.io, or Kraken. And most of the time, the process is straightforward.
All you have to do is sign up for an account, verify it, and you’re good to go.
However, some exchanges require verification from your bank, which can take up to several weeks.
If you’re in a hurry, you may want to check the sign-up and verification process or buy with cash directly.
Also, you can consider trying a decentralized exchange (DEX) such as Uniswap or PancakeSwap. The compliance requirements are usually lower and may approve your account faster. Furthermore, you’ll get access to tokens that haven’t made it on centralized exchanges or are just recently launched.
However, bear in mind that trading tokens on a DEX is even riskier than on a centralized exchange.
2. Earn Crypto through Mining
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.
Through mining, a person uses his computer to solve complex mathematical equations that validate blocks of transactions. All the cryptocurrencies are already created inside a protocol. They just need to be validated to become available on the market.
As a reward, the first person that validates it receives a fragment of the virtual token they validated.
But what do you need to start mining?
First off, it depends on what you want to mine. While Bitcoin mining requires high-end equipment such as ASIC (Application-Specific Integrated Circuit), others can be mined with just a regular computer.
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 (besides Bitcoin) that you can mine right now are:
- Monero (XMR)
- Dash (DASH)
- Litecoin (LTC)
You can always use CoinGecko to stay up to date on crypto prices and decide whether a coin is worth mining or obtaining.
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 two main methods of validating blocks – Proof of Work and Proof of Stake.
While PoW requires users to mine the blocks and confirm the transactions through pure computational power, PoS is totally different.
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 they already hold.
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.
However, the more recent staking-based cryptocurrency came up with more complex PoS systems. They also include delegation systems, reputation systems, and mechanisms that prevent in–a–row validation so that more participants can earn some fees.
4. Earn up to 100% APR with DeFi Yield Farming
Known as Yield Farming or Liquidity Mining, these types of 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)
How does DeFi Yield Farming works?
If you are wondering how a DeFi Yield Farming process works, let’s take it step by step:
- Choose the platform you want to use, and look for the section where the pools are listed;
- Connect your crypto wallet and add the number of coins you decided to deposit on the platform;
- After confirming the transaction, you may add liquidity to the pool you previously chose and approve the transaction on the platform.
Bear in mind that the overall yield farming process differs from one platform to another, but these are some basic actions you will have to complete to start earning cryptocurrency this way.
5. Earn more than $50 in Crypto from Airdrops
Airdrops are a formidable way of taking advantage of emerging projects, and just imagine that they can bring you gains such as 50$ in XLM or $4300 in BCH.
Most projects use airdrop campaigns to gain initial notoriety and create a community around their project. This is an excellent tactic because it helps crypto enthusiasts discover upcoming projects while also providing them with something of value – tokens.
Users receive some of the project’s tokens in exchange for performing a specific set of tasks. 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;
- Sharing posts;
- Signing up on their platform;
- Completing a form about the project;
- Downloading their app.
How can you participate in a crypto airdrop?
- Decide on an airdrop of which you want to be a part. To do that, you can use websites such as airdrops.io or Airdrop Alert. After choosing the airdrop you are going to participate in, you can check its dashboard and go to its official website;
- Create an account on the airdrop’s website and complete the tasks you are required to in order to get free tokens;
After a waiting period announced by the project, you will be able to withdraw the tokens you gained by completing simple tasks.
6. Earn Crypto by Promoting Projects Through Microtasks
Microtasks are very similar to airdrops.
Commonly known as bounties, they may be, together with airdrops, the simplest way of earning a crypto coin.
Many startups and companies offer crypto coins as a reward for performing various tasks. However, when compared to airdrops, microtasks are a bit more complicated.
The tasks are mainly promotional, and they can take the form of:
- Creating a video review;
- Writing a testimonial;
- Writing a press release;
- Distributing a promotional video.
How can you Enter a Crypto Bounty?
The steps you need to follow to enter a crypto bounty are pretty similar to those in an airdrop’s case. However, the tasks you are required to complete may differ from one project to another, as there can be social media requirements, too.
7. Start Getting Paid in Crypto
However, you can take microtasks one step forward and choose to get paid in Bitcoin or another cryptocurrency for working.
Countless platforms facilitate freelancing through blockchain technology. Most of them don’t have any costs or transaction fees, so employees receive precisely what the employer pays.
Freelancing is an excellent way to start your professional career and earn your first crypto coins. And while it might be a bit risky to accept Bitcoin payments due to the volatility, you can always opt for a more stable cryptocurrency.
If you’re looking to get into the freelancing business, here are a few places to start:
- Cryptocurrency Jobs
What should you consider before Crypto Freelancing?
Usually, when you want to get paid in crypto for your work, you may have to connect a crypto wallet to the platform you are using to find jobs. Afterward, you can apply for the wanted job and wait for the employer’s response.
8. Earn Cryptocurrency by Accepting Crypto Payments
Do you manage 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 websites.
And it is not just about Bitcoin.
WooCommerce allows its users to accept some 50 types of crypto coins, while Shopify goes even higher, with more than 300.
How can you Accept Crypto Payments?
Introducing a crypto payment method on your website isn’t even that complicated.
For Shopify, all you have to do is enable an alternative payment method from your Shopify account.
For WooCommerce, you’ll have to install additional plugins, such as BitPay, Coinbase Commerce, or CoinGate. Once installed, just activate it, configure it, and you’re ready.
9. Earn Cryptocurrency by Joining a Network of Publishers
Do you have a website, but it’s not for e-commerce? Then you can still earn some coins.
Since Google banned or restricted crypto-related businesses from advertising through its network, the advertising industry had to adapt.
Countless crypto ad networks appeared to fill the market’s advertising needs. Their platforms created vast networks of crypto publishers, where advertisers can place their banners.
In return for displaying ads, the publisher gets paid. And while most networks will pay out their users in only one fiat currency (such as EUR or USD), many also do payouts in cryptocurrency.
How can you join a network of publishers?
Usually, when you want to show crypto ads on your website through a network like those mentioned above, you have to create a publisher’s account on the specific platform you choose. Afterward, the network will check your website and then start delivering ads on it based on the banners your website supports.
10. Use cryptocurrency and payment platforms
How do you manage your payments?
Digital banking is going forward and is covering more and more needs of cryptocurrency users. So, cryptocurrency and payment platforms like Crypto.com now offer financial management applications that can help you earn more crypto using the funds you already have.
Besides earning cryptocurrencies from depositing and picking up the interest, you can profit from cashback functionalities.
We all have daily, weekly, or monthly expenses. So, if you still have to pay for everything, use a card from such a fintech company to get some of your money back. In Crypto.com’s case, you can earn up to 5% back on all spending using the Metal Visa Card.
Other specialized applications you can use are Gemini, Wirex, Verso, or CoinRebates.
11. Earn Coins by Gambling with Crypto Bonuses
Gambling is risky and can make you lose more money than you win.
However, there are numerous trustworthy platforms in the crypto gambling industry that you can use, such as 1xBit or WOLF.BET. And the surprising fact is that some of them even offer a login bonus.
You can earn some Bitcoins by using that bonus to multiply your in-game funds up to the withdrawal point. Keep in mind that crypto gambling platforms that offer a login bonus will usually ask you to deposit a minimum amount to withdraw your cryptocurrency, even if you reach the minimum withdrawal limit.
For this reason, you have to be especially cautious in choosing your crypto gambling platform.
Crypto Gambling: Step by Step
- Research crypto casinos well and choose the one you are going to use;
- If needed, change fiat to crypto and add it to your wallet;
- Choose the games you want to play and start carefully gambling.
12. Earn Bitcoins from Crypto Faucets
Another way to earn cryptocurrency without investing money is through faucets. It may take some time and determination, but it will generate decent revenue in the long term.
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-task, 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 with a small portion of 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 are determined enough.
How can you Participate in Crypto Faucets?
The process of participating in crypto faucets is not that complicated. Firstly, you have to choose the platform you are going to use. Some widespread crypto faucets are Bitcoinker, FreeBitcoin, or Cointiply.
After you sign up, it is time to complete micro-tasks and wait for the reward to be delivered!
13. Earn Tokens from Educational Courses
Have you ever wondered how it is possible to have an actual income from completing courses? In the crypto world, it is possible, fortunately. You can earn free crypto by completing educational courses. And the passive income is quite remarkable.
For instance, Coinbase Earn is offering approximately 20 tokens for completing various tasks on its platform, such as watching some educational videos and completing some quizzes afterward.
Coinbase Earn is a program aiming to incentivize users by offering them rewards for taking some educational courses. Moreso, the courses cover the basics of crypto. Thus, they are remarkably helpful for users who have just entered the cryptocurrency industry.
Coinbase Earn How-To
- Sign up on Coinbase;
- Complete the KYC (upload a personal document, confirm your e-mail and home address, and talk about reasons for using Coinbase);
Complete your first transaction;
- Start learning and earning.
14. Use Revolut to Earn $20 Worth of Crypto
Revolut is a banking app that offers various services for its users, primarily targeting a young, tech-savvy audience.
Recently, the UK-based company launched an educational tool called Crypto Learn and Earn, through which users can learn more about the crypto industry by completing small lessons. The lessons usually consist of educational videos followed by some questions, and once completed, a user may receive a small amount of crypto as a reward.
The number of cryptocurrencies used for rewarding users is quite significant. Still, some of the most popular ones are Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
Revolut Crypto Learn and Earn Step by Step
- If you did not, download the Revolut app and create an account;
- Open the app and go to the crypto section, then scroll down to Learn;
- Choose the course you want to take;
Start watching the videos. Once a video is completed watching, the next one will be unlocked;
- Complete the whole educational course and you will receive the reward.
15. Earn a 10% Return on your Funds with DeFi Lending
If you decide to buy some crypto coins that may increase in value over time while waiting for this to happen, you can lend your assets to those looking for that.
The process is called DeFi Lending, and it lets users borrow crypto from others through a DeFi protocol. Users looking for some crypto to borrow can do that on decentralized platforms, also called P2P lending platforms.
On the other side of the crypto lending road, some put their coins out there to be borrowed. These users can benefit from DeFi lending by gaining yields reaching more than 10% yearly. That means that if you lend 1,000 coins on a DeFi lending platform, you will have at least 100 more coins at the end of the year. Just imagine the moment when those coins increase their value. And you can achieve that by only listing your crypto on a platform and waiting for the interest to come to you.
DeFi Lending Step by Step
To list your coins for lending, you have to decide on a DeFi lending platform you will use. Afterward, link your wallet to the platform and approve the DeFi smart contract. The next step is to supply your Stable Coin asset to start earning interest in real time. When you want to stop lending, withdraw your funds and you are all set.
16. Earn Crypto through Crypto Savings Accounts
If you have already bought some coins and you want to find an easy way of earning additional crypto, you can try to deposit your coins into a crypto savings account. The main benefit of crypto savings accounts is that you can still enjoy the coins’ potential rise while earning interest on your holdings.
Some of the best crypto savings accounts are Crypto.com, Binance, Coinbase, or Aqru, and depending on the period you decide to lock–up your coins on the platform, each offers various APYs for your coins. For instance, if you are to store Tether on Crypto.com flexibly, you can earn a 6% APY. On the other hand, if you keep them on a 3-month lock-up period, you will receive an APY of 14%.
How to Store Crypto in Savings Accounts?
The process of keeping your digital assets in a crypto savings account is quite similar to DeFi lending. Firstly, you choose a platform and connect your wallet, then store your coins and wait for the interest to be delivered.
17. Earn up to 40 BATs a month on the Brave Browser
Brave Browser rewards users who choose to watch ads while using it. And the rewards are coming quickly and easily.
Brave Browser is a browser launched by Brave Software that allows users to visit websites while having an ad-stripping policy. Built atop Chromium, Brave is substituting ads with others called Brave Private Ads. The users choosing to be delivered these type of ads are rewarded with Basic Attention Tokens (BAT).
Moreso, by only downloading the browser and using it for 30 days, one can receive $5 worth of BAT, and choosing to see Brave Private Ads will usually get them rewards between 25 to 40 BATs.
How to earn crypto on Brave Browser?
The process of earning tokens on the Brave Browser is quite simple. A user is supposed to download the free browser and choose to see ads delivered by the company. The ads frequency can be adjusted, and the default frequency is five ads/hour.
18. Earn 30% Crypto Cashback with Lolli
Lolli is a Chrome and Firefox browser extension that rewards users whenever they buy from partner merchants.
When a user completes a purchase on a Lolli partner website, they can click on the extension and earn up to 30% crypto cashback on that particular purchase. Even if the cashback varies from merchant to merchant, there are many websites where customers can earn rewards in Bitcoin. Some of the most popular partner websites are Nike, Sephora, eBay, Microsoft, Groupon, Adidas, Udemy, and Booking.com. Still, there are many more on which users can purchase various items to be rewarded in BTC.
The crypto industry is enormous.
Through this post, we tried covering some of the safest methods of earning, and we hope many of them will suit you. When earning crypto, do it carefully and remember that it is easy to earn coins but easier to lose them.