If you are new to cryptocurrencies, you should understand what you are investing in, and the risks involved. Of course, cryptocurrency is a big deal right now; however, trading prices are not constant. By the time you read this, the prices of your favourite cryptos could be significantly higher or lower. Hence, you need to know how to limit your exposure to financial risks.
Have you considered venturing into cryptocurrency but don’t know what strategy to implement? Should you go all in and HODL, trade by buying low and selling high, or create an average position and HODL? There are many ways to earn crypto that people do not often talk about.
The advantage of earning cryptocurrency is that you do not have to put all your money into trading it. There are several ways to get free coins or spend less of your hard-earned money. Gaming, airdrops, and staking are just a few examples. In this guide, we’ll look at some of the greatest strategies to grow your crypto portfolio.
Joining airdrops is a way to get free cryptocurrencies while they are still under development. Crypto campaigns are a common approach used by most projects to attract new members to their networks or blockchains.
Crypto enthusiasts can learn about new projects and become part of their growing communities by creating social media publicity, signing up on the platforms, downloading and installing specific crypto apps, among other tasks.
Airdrops are common on the Ethereum, Tron, and Binance Smart chain among others.
If gaming is your forte and you would like to make it a side hustle, online crypto gaming platforms are the place to be. The crypto community is familiar with gaming sites that reward gamers with passive revenue, an example being online bitcoin casinos. The best part is that these games are easy to play.
You improve your chances of earning free cryptos, such as Bitcoins, as you win. However, keep in mind that there are risks involved. Players can lose money just as easily as they can earn it. However, if you are strategic, you will have more wins than losses.
Another way to make passive income is through staking. Staking is the act of keeping a portion of your cryptocurrency in an online wallet, which allows you to earn staking rewards for the time that it is kept there.
These rewards are based on the activity of the network. For example, you earn 0.01 to 0.05 percent for a minimum of 1 to 24 hours for the activity of the network. However, not all cryptocurrencies support staking.
As a result, you need to analyse your options carefully. Cryptocurrencies that do support staking include Bitcoin, Ethereum, and Litecoin.
This method is comparable to airdrops and is known as bounties. To become a crypto earner on platforms that support this activity, you have to perform menial tasks, including writing a testimonial or press release, providing reviews, and sharing campaign videos.
A Fun Way to Earn
What do you have to do on platforms that could pay you to earn for doing what you love? It’s simple; you could play games, complete surveys, or watch ads.
For gamers, there is a fun way to earn by participating in weekly tournaments hosted by the BoliesTV platform. You need to register to participate, and it is free. Popular games hosted are Madden, Call of Duty, FIFA and Fortnite, etc. If you have the skills, you can play against other competitors and win cash or crypto each week. If you prefer to watch and bet against other viewers too, the platform is beckoning on you to participate.