25 Ways To Earn Cryptocurrencies In 2020

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Avatar for Meliodas2020
4 years ago

Hello ,  in this article im gonna introduce you to 25 ways to earn free cryptocurrencies  and make your portfolio bigger day by day

Lets get started : 

What Is a Cryptocurrency ?

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.

Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency.[5] Since the release of bitcoin, over 6,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.

1-Buy and Hodl

You just need to buy and hold your favorite coins on short/average or long term   

make sure you pick some good and promising coins/tokens and store them  like bitcoin/etheruim/dash/monero/litecoin/XRP etc ..

2-Blogging and Making Videos

You can earn cryptocurrencies by writing blogs 

there is a lot of crypto-related websites that reward authors for writing articles

like Steemit/Medium/Uptrennd/Publish0x

you can also make videos to promote your projects and earn commissions 

3-Faucets

claiming free cryptocurrencies from faucets has been a very popular way for years since the crypto were born 

 

4-Mining

Another popular way to make money online lately is mining at your home with your pc or a dedicated pc or even a mining rig. Mining has become a competitive field and your standard desktop PC or laptop simply won't cut it. You will need to spend some initial capital on a high-end pc and some additional GPU for it to be profitable and it will take you a couple of months to break even with your hardware investment because the earnings on mining can be very slow sometimes.

5-Cloud mining

cloud mining  is a company that owns a mining warehouse and you rent a part of their mining hashpower  and they give you a percentage of the mining profits , the hashpower is also called a mining contract

6-Staking

There are two popular schools of thought when it comes to Cryptocurrencies, proof of work which is where mining comes in and proof of stake. Proof of stake allows hodlers of a certain coin to earn interest for supporting the network. You will need to invest by purchasing a certain amount of a certain currency

7-Airdrops

participating in airdrops is also a very popular way to earn cryptos 

you can find the lastest and hottest airdrops here : https://airdrops.io

8-Bounties

Bounties are similar to airdrops , you just need to do marketing tasks the company provides  and you get rewarded for that

9-Gaming

you can play games and earn cryptocurrencies , there is alot of games on phone or web that earn you some cryptos 

10-Network support

There are a few promising projects in this space looking to create a decentralised marketplace for resources. Projects like GolemSiaPresearch and Storaj which allow you to rent out hard drive space or CPU power and get paid in their network-based currency.

11-Microtasks

Microtask websites allow users to get paid in cryptocurrency for completing tasks. you just need to do some jobs or tasks 

12-Futures contracts

If you want to trade on Bitcoin but you don't have a strong stomach for the volatility you may want to look at Bitcoin futures. Futures are an agreement to buy or sell an asset on a specific future date at a specific price. Once the futures contract has been entered, both parties have to buy and sell at the agreed-upon price, irrespective of what the actual market price is at the contract execution date. 

13-Affiliate marketing

affiliate marketing is simply : spam your referral links in crypto-related forums to build a referral tree and get commissions 

14-Selling goods and services

If you're an eCommerce site you just need to add cryptocurrencies as a payment method

15-Freelancing

If you're a digital freelancer you should be familiar with the concept. you can join some freelance websites and offer your skills for money 

you can choose to get paid with crypto aswell

16-Investment programs

simply make a research about investment companies  , join with your funds  make them work and get you profits 

you can simply join this project : https://bitcointribution.com/?ref=Meliodas2020

its legit and paying 

17-Day Trading

if you have a knowledge about trading , you can deposit funds and start buying/selling coins 

just look for good signals before you go into any trade

Most popular sites to trade: BinanceKucoin, Bittrex, Bitfinex and HitBTC

18-High-Yield-Investment Programs

or as known as HYIPs , well this type of websites  has 2 types :  fast scamming programs and long term programs 

in either ways , you just invest what you can afford to lose 

and join the programs from their early days 

always be careful 

you can join this project : https://bitcointribution.com/?ref=Meliodas2020

its legit and paying and no risks (will update the status everyday)

19-Invest in an ICO

These are essentially new cryptocurrencies trying to enter the market before they can be exchanged on the popular exchanges. Usually, they introduce coins with special new features that can be helpful to the community in some way. These ICO's will usually offer you a discounted price and additional free coins for getting in early and taking the risk. most of the ico's are scams or shitcoins  so be careful 

20-Gambling

Gambling is no better than HYIPS , its even has a higher risk of loss 

if you are lucky enough  you can make very good profits from gambling 

21-Cryptojacking

Cryptojacking involves executing a unique javascript within a visitors browser. When a user visits your website that javascript activates on page load and uses your website visitors CPU power to mine cryptocurrency for you while they're on your site.  which is a bad and sneaky feature  only in case the user accepts it 

22-Donations

 

donating is a way of support  , if you have a good project helping people you can ask for donations to keep your project running 

loyal users will donate 

lets try : can i get donations here haha

Bitcoin : 16uBAfM43o2gL7GAhLf7gztd6Py3d63oDB

Etheruim : 0xF74c1057696487d97d53ac2d5c303EcEa578a750

23-Advertising Networks

its done by placing ads in your website or blog  and earn commissions from the traffic generated from them 

there are many advertising companies that pays in crypto for placing their ads 

24-Creating your own cryptocurrency or token

If you're looking to raise funds for your business you can create your own token and launch an ICO  and get crowdfunding to help you start the project

and make the token/coin go to moon 

25-Leverage trading

 Leveraged trading is a high-risk trading option used by professional traders who are happy to risk capital on margin calls. 

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