Introduction
Earning cryptocurrency is not easy, just like earning money can be difficult. However, with effort and hard work, everyone can make a little additional money from it. Many crypto aficionados have been discouraged by the bear market, but those who have stuck it out will not be sorry.
Many people earn cryptocurrency in a variety of methods. What works for one individual may not be suitable for another. Without further ado, I'll show you four primary ways I earn cryptocurrency on a daily basis. Take a look at them:
Blogging
You are aware of this. Everyone knows it, and it's probably what Hive is all about. You earn by posting creative contents on the platform and hoping that many people will notice it and vote for you. Well, not until you find out or join a community, have friends with Hive power, or post, engage, and interact with people to earn more followers. However, if you write well and get recognized, you can still make money here. I've been blogging since 2020, yet I've never been paid. I'm only blogging for free until my friend Introduce me to Hive, a website where I can get paid to blog. It's fantastic to be able to make money doing what you love.
HODL
Hold-On-To-Dear-Life is the acronym for this phrase. It's that easy! When the price of bitcoin or other cryptos is low, buy it, keep it in your wallet, and sell it when the price rises. It's much easier said than done. You're aware of the volatility of cryptocurrency. You can sleep a poor guy and wake up a rich man because it happens so quickly. As most individuals have experienced, it usually happens the other way around. If you're brave enough to face the bear and bull runs, HODL is the game for you. If you've heard that bitcoin will be halved sometime around March 2024, you might consider buying and holding now.
Bounties
Yes, you can be compensated for completing minor or large tasks such as promoting a crypto project on social media, providing a link to your profile, writing an article, or other tasks as stated by the bounty host. You will be paid once you have completed the tasks. You can participate in a variety of crypto bounty schemes. You might find them by doing a quick Google search. bounty0x is the major platform that I use.
Sponsored Reviews
Yes, I've encountered many good review writers on this platform who are unaware that they may supplement their income by using it. So, if you're one of them, have a look at how it functions. You browse for upcoming crypto projects that are looking for publicity on the internet. You approach the team and persuade them to write a sponsored project evaluation. To gain their trust, you might demonstrate to them your previous work and accomplishments. You might be able to make a bargain if you're lucky.You agree on a payment method (typically bitcoin or other cryptocurrencies) and a deadline for completing the review task.
Conclusion
There are various more ways to earn cryptos, such as staking, referral schemes, and so on, as I discussed earlier. I'm working on exploring DeFi, especially the lending product I want to make proper research before I venture deeply into it, but for now I spent my time in the four methods listed above and have not been disappointed.
Make your opinion known.
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What other options are there for earning cryptocurrency?
Alternatively, tell us how you make money with cryptocurrency?
It will be great if you can share in the comment section someone or a newbie might benefited from it.