The various government responses to the coronavirus have caused much havoc in the global economy and millions of people are now out of work. A number of nation states have not lifted the lockdowns and no one is really sure when the slew of closed industries will reopen. While people are out of work, they might find interest in the multitude of available methods that people can use to earn digital currencies online. The following is a comprehensive list of how to securely earn cryptocurrencies in bulk by invoking some initiative and some commitment.
5 ways to earn cryptocurrencies
These days, people are trying to find collateral concerts and opportunities to make money online because the economy has been shut down by governments around the world in response to the outbreak of Covid-19. For years now, bitcoiners and cryptocurrency advocates have been telling people about the benefits of earning digital assets online. For example, 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 will cover the myriad of opportunities available for people interested in making money leveraging cryptocurrency solutions.
If you are good at analyzing charts and trading, you can make a lot of profits by trading digital assets regularly. Trading can also be a full time job, providing enough income for an individual to survive, but the profession can also be risky. For example, in order for anyone to start profiting from cryptocurrency trading, people simply need to buy some digital assets and play the highs and lows correctly knowing the right times to trade.
It’s probably a good idea to hone your skills before starting and this includes relentless study of technical analysis methods and charts. It is not easy to learn how to trade and people should only trade what they can afford to lose. However, it is quite possible to make a living by trading on the cryptocurrency markets which operate 24 hours a day and seven days a week. Bitcoin.com has a sleek and easy to use cryptocurrency exchange that offers a variety of popular digital assets and cryptocurrency pairs such as BTC, BCH, and USDT.
Mining and staking
People can also mine digital assets that leverage Application-Specific Integrated Circuit (ASIC) devices, GPUs, and CPUs if they put in the capital to get started. With ASIC and GPU mining, an individual with access to free or extremely cheap electricity can earn digital assets by purchasing a few machines. With coins that can be mined from a central processing unit (CPU), people may be able to earn coins if they have enough personal computer cores to spare. ASIC and GPU mining will require an initial cost to get started, and CPU mining may slow down your computer. Furthermore, all mining possibilities require the constant running of mining devices in order to make some profits. If someone decides to mine cryptocurrencies, they will most likely want to join a pool, as individual hobby mining isn’t as profitable as it once was. Bitcoin.com offers a profitable mining pool that allows people to mine BTC or BCH, and the service also offers cloud contracts. With cloud mining, people can earn digital assets even if they don’t own any hardware or don’t have the technical know-how to start mining on their own.
With staking, people can acquire some proof-of-stake (PoS) coins and make money simply by keeping assets over a period of time. Most PoS coins have a network that finds blocks deterministically and the more resources they have, the more they can earn. There are all types of PoS coins with a variety of different annual staking returns. Many people bet coins in a non-custodial way using a wallet or they may choose to also bet coins on an exchange, but it is more risky.
Freelance, business and blog
There are various opportunities to earn cryptocurrencies through freelance jobs, conduct business, complete online surveys, and edit or write coin essays. There are many jobs available on freelance websites such as Cryptocurrencyjobs, Ethlance, Freelanceforcoins.com and a few others. People can earn money simply by writing and blogging regularly. Read.cash, a blogging platform, allows people to do just that and earn bitcoin money by writing and sharing unique content.
Another blogging site that rewards users in BCH and ten other digital currencies is the Publish 0x platform. If you don’t have a problem with the recent Tron-fiasco, you can also choose to write on the Steemit platform as well, in order to earn digital currencies for writing and producing content.
Just recently news.Bitcoin.com wrote about how people can get airdrop tokens to make profits. Basically, digital currency projects distribute coins to people if they help market the coin or project in some way. For example, people can get airdrop cryptocurrencies by downloading a protocol, signing up, following or retweeting on social media, and some just require people to simply give the creators of the airdrop a receiving address.
Acceptance of digital currencies for goods and services
If you own a physical store and cannot sell things due to blockages, you may want to sell goods and services online for cryptocurrencies such as BCH, BTC and ETH. Setting up online e-commerce business services is easy to do, and Bitcoin.com offers a variety of resourceful guides to help people get started. For example, if someone wants to accept bitcoin cash for payments, they can take advantage of a payment gateway and add it to any website.
Accepting digital currencies opens up a business to more types of payment methods and a loyal customer base. Essentially, a cryptocurrency payment gateway or merchant solution will allow you to accept a digital asset, but also calculate how much money the items or services are in any fiat denomination. You’ll also be offering customers a privacy-focused solution for online shopping because customers won’t have to enter credit or debit card information on the web.
With a little initiative, anyone can earn digital currencies online today
The aforementioned list only scratches the surface when it comes to earning cryptocurrencies online, as there are plenty of other ways to make money with digital currencies. Some jobs can make people earn a few bucks as a secondary hustle by completing online tasks effortlessly or people can choose to make a full-time career taking advantage of the crypto economy. There are a lot of video streamers, content creators, writers, bloggers, traders, consultants, and miners who work full time in those fields.
Coronavirus lockdowns continue to be tough 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 little bit of effort it’s not impossible to recover some or even all of those wages lost since closing, simply by earning and learning how to use cryptocurrencies.
What do you think of our list of ways to earn cryptocurrencies while blocking? Let us know in the comments below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Read.cash
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