In the early days of crypto, there were sites that paid you dozens of bitcoins to watch ads and read guides about the digital currency. These days, you will be extremely lucky to earn a tenth of one bitcoin online for free.
At its all-time high in 2021, Bitcoin was valued at $69,000. It has since plummeted to sub $20,000 at the time of writing. But that’s still a lot of money, especially if you can earn some of it online. Here’s how to do it:
#1: Market Crypto Sites Online
The best way to earn crypto online is to become an affiliate marketer. Nearly all top-tier crypto trading websites have affiliate programs. For the uninitiated, an affiliate program is a partnership between an online business and marketers.
As a marketer, you promote the crypto trading site to your friends, social media fans or through a blog. Every time someone joins your recommended crypto exchange through your affiliate link, you get paid.
Find the best-paying crypto affiliate programs. Some of them pay you a percentage of the commissions they earn. Others give you a specific amount of money, say $50 for every new customer referred.
Affiliate marketing is a high-paying business. But it’s not an easy way to make money. For people to visit your site regularly and join your recommended exchanges, you must provide valuable content.
#2: Claim and Use Casino Crypto Bonuses
Did you know you could earn up to 5BTC from a crypto online casino? All you need is to sign up for an account and make a qualifying deposit amount. Normally, the best operators match your deposit amount 100%.
If you deposit $100, you receive an equivalent amount of Bitcoin or Ethereum. If you’re lucky, you could earn a no deposit bonus. Here, you get a bonus before you make your first deposit.
All the same, you can utilize bonuses from crypto top casinos to win real cash. Then you can withdraw the money as crypto or cash sent to your PayPal or credit card account.
#3: Buy and Stake Crypto
Staking crypto is like investing in an interest-based account. You deposit your money into a specified account for a specific time line. During this period, you receive an interest from your investment.
In crypto, staking is a popular way of managing blockchain technology. You commit your coins to a blockchain, mostly blockchains that use the proof of stake model to verify transactions. Then you’re selected to validate new transactions for legitimacy.
Not all coins can be staked. For example, you can’t stake Bitcoin. However, you can stake Solana, Polkadot and Cardano coins. Each coin has a platform known as a staking pool where you commit your coins for rewards. On average, you can expect an annual return of 5% to 20%.
#4: Claim and Sell NFTs
An NFT is short for a non-fungible token. It’s a type of digital artwork that can’t be forged. Last year, NFTs were a hot asset, with some of them selling millions of dollars. A case in point: former Twitter CEO Jack Dorsey sold an NFT of his first ever tweet for over $2 million.
You can earn free NFTs at some crypto exchanges like Binance. You could also mint your own NFTs by converting your paintings, pictures and other forms of art into NFTs.
How much money can you make from NFTs? As mentioned, NFT have been selling for thousands and millions of dollars in the past year. But they can also be worthless.
It’s up to you to identify outstanding digital assets that could be worth decent cash in the future. Below is a list of the top sites to buy and sell NFTs:
- OpenSea
- Crypto Punks
- Rarible
- Mintable
#5: Play to Earn Crypto
Before crypto entered a bear market, some people were making a livelihood playing blockchain-based games. Blockchain-based games challenge you to complete missions in exchange for tokens you could sell for money.
Take Axie Infinity as an example. This Ethereum-based game works like Pokémon. You find and collect creatures known as Axies. You can then use the hcaracters as your army for fighting enemies.
To make money on Axie Infinity, you need to top the PVP leaderboard. Here, you earn Axie coins. On the other hand, completing missions earn your SLP coins. That said, you could also breed Axie creatures if you own both SLP and Axie coins.
To be clear, you can sell your Axie creatures at the Axie marketplace. Rare Axies cost thousands of dollars. The Axie world also includes digital assets like land you could buy and rent out.
With that in mind, Axie Infinity isn’t the only top play to earn crypto game out there. You could also play Decentraland, Nine Chronicles, Gods Unchained and Pegaxy.
#6: Mine Crypto
Ethereum recently migrated from a proof of work to a proof of stake mining system. That means you can no longer mine the digital currency using a GPU. But guess what?
There are tons of other coins out there which can be mined. We’re talking about Bitcoin, Monero, Dogecoin, Bitcoin Gold, ZCash and Raven coin. Although these coins can earn you money through mining, keep in mind the process requires a substantial investment.
Mining requires the best GPUs in the market. And you need more than one GPU to make your investment worthwhile. What’s more, you need the technical knowhow to setup a mining rig. In all fairness, you can learn the process on YouTube.
#7: Work for a Crypto Company
Another cool way to earn Bitcoin is to work for a crypto company. Many crypto oriented businesses offer the option to get paid in Bitcoin, Ethereum or through another currency.
There are several benefits of working for crypto companies and getting paid in Bitcoin. For starters, you get to learn about new trends in the industry. In doing so, you can discover new investment opportunities before your peers.
In regards to getting paid in crypto, your money could double or tenfold by simply keeping it in a safe crypto wallet. Of course, it could also depreciate. But as history shows, crypto has been on an upward path since its invention.
