These days, people are trying to find side gigs and opportunities to make money online because the economy was shut down by the world’s governments in response to the Covid-19 outbreak. For years now, bitcoiners and crypto advocates have been telling people about the benefits of earning digital assets online. For instance, people can earn coins like BTC, BCH, ETH and a number of other crypto assets right now by simply completing tasks, surveys, writing, trading, mining, staking, finding airdrops and more. In this post, we’re going to cover the myriad of opportunities available to people interested in making some money on the side by leveraging cryptocurrency solutions.Cryptocurrency is one of the fastest-growing digital assets. Backed by the blockchain and enabled for trading, it effectively offers multiple means for anyone looking to make a good income online.

There are multiple ways in which you can make money with cryptocurrencies, some of which don’t even need you to invest anything but your time and efforts.Today, we are going to talk about some of the best ways to make money, and even get rich, with cryptocurrencies.

• Staking and Lending

Staking and lending are quite similar and allow investors to make money with altcoins. Staking essentially means locking coins in a cryptocurrency wallet and receiving rewards to validate transactions on a Proof of Stake (PoS) network. Instead of mining, the PoS algorithm chooses transaction validators based on the number of coins they committed to stake. PoS does not require expensive hardware and is much more energy-efficient. Cold staking is also an option, allowing investors to stake coins while holding them in a secure offline wallet. Tether, NEO and Stellar (XLM) are some of the coins you can stake.

With staking, investors are lending coins to the network, to maintain its security and verify transactions. Another option to earn money with crypto is to lend coins to other investors and generate interest on that loan. Many platforms facilitate crypto lending, including exchanges, peer-to-peer lending platforms and decentralised finance (DeFi) applications.

• Trading

Crypto trading is just like stock trading, where you buy and sell tokens/coins for profit margins. There are a number of exchanges where you can buy cryptocurrencies of your choice. Then, you can hold them for some time or sell immediately as soon as the price goes up. There is also day-trading for those who wish to incur good enough profits by selling and buying cryptocurrencies on the same day. You buy a crypto-coin, wait for the price to increase, and sell for profits.

• Freelancing, Tasks, and Blogging

There are various opportunities to earn cryptos via freelance jobs, accomplishing tasks, completing online surveys and editing or writing essays for coins. There are many jobs available on freelance websites like Cryptocurrencyjobs, Ethlance, Freelanceforcoins.com, and a few others. People can earn money by simply writing and blogging on a regular basis. Read.cash, a blogging platform, allows individuals to do just this and earn bitcoin cash by writing and sharing unique content.Another blogging website that rewards users in BCH and ten other digital currencies is the platform Publish 0x. If you don’t have an issue with the recent Tron-fiasco, you can also opt to write on the Steemit platform as well, in order to earn digital currencies for writing and producing content.

• Mining

Mining is a crucial component of the Proof of Work (PoW) consensus mechanism and is one of the oldest ways of making money with crypto. It is a process of verifying transactions and securing a PoW network. Miners are rewarded with new coins, through block rewards, for performing these functions. In the early days of Bitcoin, mining could be done on a desktop computer but today requires specialised mining hardware.

On the subject of supporting a network, running a masternode can also be profitable. Masternodes are wallets that host a copy of the entire network. Both of these methods require technical expertise and significant upfront and ongoing investment.

• Bonus Coins/Tokens/Airdrops and forks

Participating in bonus/airdrop offers is another nice way to earn with cryptocurrencies and doesn’t even require you to invest in anything. All you have to do in order to earn some free/bonus coins is join the airdrop or bounty program of a cryptocurrency and perform some easy tasks.
Airdrops and forks are the crypto equivalent of being in the right place at the right time. Airdrops are free tokens, usually distributed by an exchange to generate awareness and create a large user base for a project.

• Referral

A crypto referral program is a very common and really good way to earn cryptocurrencies. Most often, you’ll not even need to invest anything in order to refer and earn with a project. You can simply register on the website, get your unique referral link and start referring and earning. WISE and many other cryptocurrencies offer you good profits for referrals. With WISE, both the referrer and referee get 10% bonus tokens for every successful staking through referral.

Conclusion :

The coronavirus lockdowns continue to be rough on the economy and cryptocurrency solutions have always offered people a different way to earn funds online. It may take some research but with a bit of effort, it is not impossible to regain some or even all of those lost wages from the shutdown, by simply earning and learning to use cryptocurrencies.