CAN YOU MAKE MONEY FROM CRYPTOCURRENCY ?

in #cryptocurrency6 years ago

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If you’re reading this you’re probably looking for ways to earn extra cash, am I right?
We all want to earn that ever elusive passive income. If we didn’t then the promise of easy money you can live off of every Ponzi and get rich schemes pitches would never be successful .To help you get started I’ve put together a guide to over 10 ways you can earn cryptocurrency online.This is not a get rich quick post so if you’re looking for easy ways to make money I doubt you’ll find anything interesting on this list

  1. BUY AND HODL:

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One safe way to earn money in cryptoland is to buy good cryptocurrencies that have a fundamental usecase and hold them until they obtain a fair market share e.g
1.bitcoin
2.litecoin
3.etherium

  1. FAUCET FARMING:

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There are plenty of sites on the web that lets you collect a micro amount of bitcoin every couple of minutes from a faucet and eventually accumulate enough to cash out and get a small of amount of bitcoin to your wallet these sites demands your time and hardwork and patience .
some of the most demanding sites are following

1.fucethub
2.coinpot
3.cointply

  1. BLOGGING & COMMENTING:

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As we know about blogging on websites or blogs but in cryptocurrency the crypto has presented us with an alternative in Steem coin Steem coin is the coin behind the Steemit blogging platform. Steemit has introduced a way for the small time blogger to actually make a decent amount of money every day by just blogging . Steemit users can make money by blogging, commenting and curating content for fellow Steemit users.

  1. MINING :

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Bitcoin mining is a lot like a giant lottery where you compete with your mining hardware with everyone on the network to earn bitcoins.there is two way to do mining could mining and mining with your own hardware i recommend you to go with cloud mining .
the best minning app are given below

1.Bitcoin Miner
2.BTCMiner
3.CGMiner

  1. CLOUD MINING :

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By purchasing Bitcoin cloud mining contracts, investors can earn Bitcoins without dealing with the hassles of mining hardware, software, electricity, bandwidth or other offline issues.This is the best method to mine cryptocurrency if you want to invest in this field there are whole bunch of sites which are doing exceptional well in cloud mining few of them are given below.

1.Hashflare
2.Genesis Mining
3.Hashing24

  1. AIRDROPS :

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Airdrops can be defined as the process whereby a cryptocurrency enterprise distributes cryptocurrency tokens to the wallets of some users free of charge.There are basically two major types of airdrops; the ones that come as a surprise and the ones that are announced beforehand Getting involved in airdrops requires access to information and the ownership of a cryptocurrency wallet to receive the free coins. The first step is to sign up for online services that provide timely information about cryptocurrency airdrops If you want to know when airdrops are happening you can sign up for sites like

1.99airdrops.com
2.AlertAirdop
3.Coin Airdrop

  1. STAKING :
    stake allows holders 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 users will be rewarded depending on how large their stake in the currency is. The Popular currencies you can stake are

1.Ripple
2.Neo
3.golem

  1. SMALL TASKS :

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You won’t make a fortune from this but it is a nice introduction to the technology. It provides you with a with a low-risk way to play around with setting up the wallet, sending currency, interacting with the blockchain and familiarising yourself with cryptocurrency.
Some popular microtask websites include

  1. BTC Clicks

  2. BitVerts

  3. freebitco.in

  4. AFFILIATE MARKETING :
    Cryptocurrency affiliate programs are a very good way to make passive income if you run a website or post your referral links on social media platforms (or anywhere else on the web that gets visitors), and they use your referral links
    Services that run Bitcoin affiliate programs like

  5. CEX.io (Commission Rates :30%)
    2.changelly (offering affiliates a 50%)
    3.coinbase (10 $ DOLLER FOR EACH "buy or sel")

  6. INVEST IN AN ICO :

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ICO is the abbreviation of Initial Coin Offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum Only instead of traditional shares, the participants get coins for their contribution — certain electronic tokens (blockchain entries), confirming the investor’s stake in the project and consequently the investor’s share in the profit from the project

Conclusion :
i prefer to go with the cloud mining because it is easy and fast way to do crypto mining
when you look for mining cryptocurrency by your self then there is a lot of factor which you have to face like
time consuming ,expensive equipment,electricity bill, equipment maintenance etc. So for now go with cloud mining
if you want to earn some cryptocurrency in profit

And i am always there to help you if anyone want to know about cryptocurrency feel free to ask me
@mharis5012 FOLLOW ME !!! UPVOTE ME

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Interesting article but you forgot to mention bounty hunting. You can earn altcoins by doing marketing related tasks. I wrote an article about it here: https://steemit.com/earnmoney/@niel96/earn-cryptocurrency-from-home-by-doing-tasks-on-bounty0x