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Dec 23

4 Interesting Ways of Earning Cryptocurrency

Reading Time: 3 mins

As the digital currency revolution continues to grow, cryptocurrency is becoming a popular choice for savvy investors. With its decentralized structure and secure financial transactions through cryptography, there are many ways that one can own this form of currency beyond just purchasing it; some may find these unconventional tactics even more exciting!

Remember, however, although one is earning crypto, that crypt might not be worth anything…but go do it anyway if you’d like to.

These are 4 interesting ways of earning cryptocurrency.

 

Play-to-Earn games

With the advent of play-to-earn crypto games, gamers can turn their passion into tangible rewards! By harnessing blockchain technology and its ability to create non-fungible tokens (NFTs), these new gaming environments allow players a chance to earn real cryptocurrency as they progress through each game – no purchase necessary. It’s an exciting opportunity for experienced digital currency enthusiasts and those just getting started in this ever-expanding world.

As crypto gaming continues to rise in popularity, gamers are now presented with various play-to-earn games – from collectible adventures and strategy challenges to multiplayer bouts. Crypto rewards come through collecting and trading rare items (in the form of NFTs) for the collectors; building virtual economies or making strategic decisions for those who favor wielding power over resources; and prize money earned by competing against other players or betting on match outcomes.

 

Airdrops

Airdrops are an exciting way for blockchain projects to engage their community and entice new users. They involve the free distribution of cryptocurrency tokens or coins, often simply by owning a certain coin already – making them highly rewarding! Airdrops can also be used as part of marketing campaigns to encourage current holders to spread the word about particular cryptocurrencies through referral programs.

Participating in an airdrop is a way to get free crypto. You’ll need to meet certain qualifications set by the organizer, such as owning a specified amount of crypto or completing tasks like joining social media groups and taking surveys. 

Most of the time, the tasks that you will need to complete are very easy, and anyone can participate in numerous airdrops that are happening each day.

 

Crypto faucets

Cryptocurrency faucets offer a unique opportunity for individuals to dip their toes into the world of digital assets without having to make significant investments. 

All that is required are simple tasks such as answering surveys or viewing ads, and users can earn small amounts of crypto in exchange! It’s an easy way to get started on your journey toward becoming well-versed in cryptocurrency.

Before you can start earning coins, there is some preparation involved. To get started with crypto faucet rewards, it’s important to possess an active digital wallet where the currency will be stored and receive your earnings. 

Depending on the blockchain network used for transactions associated with this task, additional steps such as entering your wallet address or creating an account may also need to take place beforehand.

Crypto faucets may seem like an excellent opportunity to earn some crypto but be cautious – the amount earned is usually insignificant, and sadly, many sites could potentially be scams. Before investing your personal details or money in any crypto faucet, always do research for its credibility, so you don’t become a victim to fraudsters.

 

Passive income apps

In the crypto world, making passive income usually means having a mining rig, joining a cloud mining service (or a pool), or staking your crypto after making a purchase. This, of course, means that you need to make an investment. However, there are other solutions available, such as passive income apps.

By using these apps, you allow your unused internet bandwidth to be shared with the app’s network. In return for it, you get paid. Essentially, you may say that you are selling what you are not using for a profit.

The Honeygain application works exactly this way and it allows you to earn crypto pretty much for free. As you are running the app itself, it automatically shares your internet traffic with its network and gives you credits in return. 10 MB of traffic shared brings you 3 credits, and 1000 credits are valued at $1. The app is available on every operating system.

As you collect these credits, you can transfer them to your crypto wallet in the form of JumpTokens (JMPT) – a relatively new cryptocurrency created by the partner of Honeygain – JumpTask. The transfer can be made as long as you have enough to cover the gas fees, which are relatively low, making this passive income option a great way to earn some crypto without any investments.

 

Unlock the world of cryptocurrency and discover new ways to earn crypto coins! Whether through playing games, participating in airdrops, using crypto faucets, or using passive income apps – each method comes with its own lingo and may have certain risks. However, with most of these options, no investments are required whatsoever, meaning that you will not be able to lose your money.

 

Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence. Capital at risk.

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