How to Earn Crypto
It feels like everyone is talking about crypto lately. Bitcoin, just one of many different coins, is predicted to hit $100,000 per coin this year. For reference, Bitcoin hit parity with the dollar a decade ago.
This meteoric growth means that Bitcoin has made a lot of people rich and there is a range of other cryptocurrencies, too, such as Ethereum and Chainlink.
So if you want to earn crypto, what’s the best way to get it? In this guide, we’ll take a look at your investment options.
Ready to learn more? Read on!
1. Buying Crypto
Your first option isn’t particularly “earning” crypto, but it’s an easy way to get your hands on it. Exchanges like Binance and Coinbase connect buyers and sellers around the world, letting you buy crypto within minutes.
While this is a great way to get crypto, it can be expensive, especially if you want to buy a whole Bitcoin or a greater quantity. There are a lot of risks involved with crypto, so it’s worth ensuring that you’re building off a solid foundation. Learn more here.
2. Mining Crypto
If you’ve got a very powerful computer, you could mine crypto. This is how crypto first entered circulation: computers solve complicated mathematical equations to verify the blockchain, and the miners got crypto in return.
While it’s possible to earn free crypto this way, you need to have very powerful machines, as mining’s rewards are getting smaller and smaller.
Unless you’re willing to invest in specialized mining machines, you’re unlikely to earn much crypto, and you’ll see a big increase in your power bill. While there are some cryptocurrencies where mining is still profitable, they’re getting rarer and rarer.
3. Working to Earn Crypto
If you want to know how to earn crypto, one of the truest answers is the same as with fiat currency: work for it. A lot of crypto sites hire writers and marketers to work for them in exchange for crypto.
If this doesn’t appeal to you, there are also survey sites that will reward respondents with crypto payments. There are a lot of other freelancing platforms around that also pay in crypto, so it’s worth doing your research!
4. Working for Bounties
How’d you like to be a bounty hunter? Wait, don’t go call up A&E and pitch a TV show! We’re talking about bounties that crypto exchanges and other industry figures pay those who solve their problems.
These problems could be errors in code or security holes, brand promotion, or helping out on social media. Take a look at different industry giants and see what bounties they offer: you’re likely to find something that you can have a go at!
What’s the Best Way to Earn Crypto?
There are a lot of different ways to earn crypto. Honestly, the best way to earn it is through work! While mining is a possibility, you’re more likely to lose more money on your bills than earn any real crypto.
Then, of course, you can always just buy it! If you’ve got a bit of money to spare, there are far worse investments around.
For more informative articles like this, check out the rest of our blog!