Cryptocurrency has come a long way since Bitcoin first emerged back in 2009. With so many unique coins being added to the market, more people are starting to wonder how they can passively and strategically earn crypto.
Read on for eight of the best ways to earn crypto today.
Easy Ways To Earn Crypto
Some cryptocurrencies can be earned through very little work and, in some cases, can even be given out for free. While these aren’t get-rich-quick schemes, the methods below can help you add a diverse set of tokens to your crypto wallet.
One of the easiest ways to earn crypto for free is by participating in giveaways known as airdrops. An airdrop is a marketing technique used to promote a new or growing cryptocurrency.
Earning crypto through an airdrop is as simple as staying active on well-known websites or forums that promote these giveaways. Though there likely won’t be any Bitcoin or Ethereum airdrop promotions any time soon, airdrops are a passive way to earn emerging crypto.
If you’re interested in earning crypto through a little bit of easy work, crypto faucets are a great place to start. Faucets are apps and websites that offer small amounts of crypto (yes, even Bitcoin), for performing minor tasks, such as completing captchas or watching ads.
As an example of how much a user can earn from crypto faucets, Bitcoin faucets offer payment in Satoshis — bitcoin fractions that are worth only one-hundred-millionth of one bitcoin.
The appeal of faucets is similar to airdrops. New crypto is always being created, and having a diverse set of tokens can increase the chances that you will be holding on to the next major coin when it spikes in value overnight.
Even with Bitcoin, no one knows when the next major increase in its value will happen. People stick with Bitcoin faucets with high hopes that their 20 cents worth of Bitcoin might be valued at a dollar tomorrow.
3) Cash Back
What could be easier than earning crypto simply by spending the money you would normally spend? Financial giants like Visa, Venmo, and Mastercard are giving customers what they’ve been asking for by converting cash back rewards to crypto.
Visa has partnered with BlockFi to offer the first credit card that rewards users in Bitcoin rather than a miles or points system. Mastercard followed close behind by partnering with Gemini to offer an impressive 30+ token varieties for users to earn.
Venmo’s “Cash Back to Crypto” allows Venmo credit card users to purchase Bitcoin, Bitcoin Cash, Ethereum, and Litecoin by means of their 1-3% cash back rewards. Although it’s not as seamless as the Visa and Mastercard programs, it’s a step in the right direction.
Once you’ve obtained crypto tokens, the “hold on for dear life” (HODL) method follows one simple strategy: don’t give up your crypto.
If you find out that one of your tokens is starting to become the next Bitcoin, then it might be tempting to immediately sell or trade before its value comes down. However, the HODL method urges you to hold on tight — usually until you’ve reached a certain profit — before cashing out.
While hodling can seem like an easy way to earn big without doing any work, it takes a long time to provide a user with returns (if ever).
For people looking to get the most out of their investment, crypto lending through Vauld is an alternative option that creates measurable profit.
5) Play To Earn
Some ways of earning crypto are as easy as playing a game. Other ways, however, involve quite literally playing a game.
Play-to-earn (P2E) games are nothing new. Before crypto rose in popularity, plenty of apps offered ways to earn real-life rewards by battling virtual monsters or playing online poker. Earning crypto with P2E games is essentially the same, with one key difference.
With P2E crypto games, the crypto available to win exists on the blockchain. This way, the collectibility and authenticity of all earnings can be maintained and verified.
Most of these games (but not all) require some type of initial investment, such as using fiat currency to make in-game purchases. While these games do typically require strategy and time investment for the most profit, they are an enjoyable and efficient way to earn crypto.
Of course, a player would be hard-pressed to find a game that allows them to cash out in fiat currency. Players will need to sign up with an exchange platform, like Vauld, in order to deposit their crypto, receive earnings, or invest their crypto assets to earn more.
Earning Crypto With A Bit More Effort
Passively earning crypto isn’t everyone’s method of choice. For those looking to earn more than Satoshis or who prefer quicker returns that don’t involve hodling, it can be done with a bit of effort.
Let’s take a look at some examples.
Earning interest on cryptocurrency is a smart and strategic way to get more out of your crypto. This method requires having some initial cryptocurrency that can be invested, but the rate of between 4-8% far exceeds the interest that can be earned through a bank.
Vauld offers weekly payouts on interest earned and even has trade-only tokens available to diversify users’ options and heighten the overall experience. With our extensive list of crypto options available, your wealth-building strategy is in the right hands.
Freelance workers can name their rate based on a specific project before accepting an assignment. If your rate happens to be set in your cryptocurrency of choice, the chances of finding a client willing to pay that rate are growing each day.
If your work is in social media, you can even start earning Bitcoin from your Twitter followers. Twitter CEO Jack Dorsey has always been a crypto enthusiast, and now users with a steady following can earn Bitcoin through the network’s new tip feature.
8) Learn And Earn
Similar to faucets, the “learn and earn” model lets users receive small amounts of crypto based on task completion. This method, however, requires a bit more work than just watching videos and completing captchas.
Instead of watching ads, users are rewarded with small amounts of crypto for learning about it. Based on what they’ve learned, they are then tested and rewarded accordingly, usually in the form of the coin they’ve just researched.
Simply put, crypto mining is the process of solving complex math problems using special computer software to verify that blockchain transactions are valid. The miners who successfully add a new block are rewarded with crypto.
Some cryptos are more difficult to successfully mine than others. Bitcoin is by far the most profitable, but it’s also the most popular to mine for its payout. The popularity and advancement in mining make it hard to be the first person or group to add a new block.
The good news is that Bitcoin isn’t the only cryptocurrency in need of mining. Vertcoin, Ethereum, and Litecoin are all great options for interested miners.
Important Tips On Earning Crypto
Is Crypto Ever Really Free?
Many sites will claim to offer free crypto, but all of them will require some kind of work for very little pay. Even airdrops are part of a promotion, which in turn try to get you to buy more of the promoted crypto.
What Red Flags Should I Look Out For?
The good news is that more and more people want to start earning and investing in their crypto. The bad news is that bad actors are taking advantage of this growing interest.
To protect yourself from scams and theft, keep an eye out for common red flags. Crypto-focused platforms that don’t have transparent business practices or offer little information about the team behind the platform are probably attempting to stay untraceable.
An anonymous team behind a questionable website, on the other hand, might spell out a scam. Other red flags include little information on the website or low site traffic, a plagiarized white paper, or anonymous funding from an undisclosed donor.
If something feels wrong for any reason, always think twice about it, especially if an offer seems too good to be true.
Being part of the Vauld Community means getting answers to all of your crypto questions. Our co-founders and CEOs, Darshan Bathija and Sanju Sony Kurian, are proud of the community they’ve built and the steps they’ve taken to successfully execute the vision that is now Vauld.
There are no surprises when you choose Vauld.
Can You Earn Crypto Without A Crypto Wallet?
Crypto isn’t like a brand-new, crisp dollar bill waiting to be crinkled and torn in your jeans pocket. To store any crypto earned, you’ll need a crypto wallet.
Whether that means using a wallet provided by your platform of choice or finding one that best meets your needs is entirely up to you.
Choosing The Right Platform
From the “free” methods for earning crypto to doing a bit more work for a higher reward, there’s sure to be an option that meets your needs. And while deciding which crypto to earn is also a matter of preference, the smartest route is to diversify your earnings as much as possible.
You can do exactly that with Vauld. Once you start to maximize your earnings, Vauld can help you build wealth while keeping your tokens safe.
We also feature Automated Investment Plans (AIPs) that enable you to execute one investment strategy across a diversified portfolio of crypto assets — automatically. Each AIP only takes a few clicks to set up, giving you a more advanced trading strategy with none of the hassle.
Ready to join a growing community of crypto users with access to the highest rates and a wide range of options? Visit Vauld.com to learn more and find out how your earned crypto can become earned interest as soon as you make your first deposit.