Introduction
When most people hear about cryptocurrency, all that comes to mind is crypto trading, even when they don't understand what the crypto space is all about. But we'll be changing that narrative with this content.
MAKING MONEY WITHOUT TRADING CRYPTO PAIRS:
1. Staking: This is when you add your coins to a protocol to secure the blockchain and earn yields in return. It's a prominent way to make money, especially for those holding onto their tokens. Instead of leaving the coins idle, you can stake them to earn yields.
2. Lending Your Crypto for Low-Risk Yield: Apart from staking idle tokens, you can lend them out to earn low yields depending on the annual percentage yield (APY). There are different decentralized finance (DeFi) platforms where you can lend your tokens to earn yields. Some centralized exchanges (CEX) also offer this feature to help customers make use of their idle tokens.
3. Providing Liquidity: By becoming a liquidity provider, you enable people to trade between two tokens. You stake a pair of tokens (e.g., BNB/USDT) and earn transaction fees as yield when the pair is traded. Ensure you choose tokens wisely, considering the concept of impermanent loss, where one token losing value may temporarily result in a loss
4. Play-to-Earn Games: Play-to-earn games are not limited to game lovers; they are open to everyone looking to make money in the crypto space. Numerous Web3 games and Bitcoin games allow you to earn cryptocurrency. Examples include Arc Games, Lightning Crush, Zebedee (a wallet to access different Bitcoin games), thndr.games(a website to access different #Bitcoin games) etc.
5. Crypto Social Media Giveaways: Crypto projects often organize giveaways on their social platforms to incentivize their community. Stay updated with their timelines to avoid missing out on these opportunities.
6. Airdrops: Airdrops are an underrated way to make money in the crypto space. Many crypto projects reward early users who interact with their platforms. Airdrops like Aptos and SUI have made people thousands of dollars.
7. Help Out with Crypto Microtasks: There are platforms dedicated to carrying out tasks for crypto projects and getting rewarded. Examples include Zealy and others. Additionally, crypto faucets pay you cryptocurrency for completing microtasks.
8. Work for Blockchain Companies: Working on a blockchain project can be a lucrative way to earn in the crypto space, with salaries ranging from $50,000 to $80,000 annually, depending on the role and your skills. Make sure you work on yourself and build the right skills to increase your chances of landing a job. Keep an eye out for Bootcamp 4.0, coming up soon.
9. Create Cryptocurrency Content: Creating/writing content to earn cryptocurrency is a profitable endeavour. Numerous projects are willing to pay you for creating or writing content for them on a contract basis. As new projects emerge every day, the demand for content creators is growing. So if you're a content writer or skilled in video production, don't give up. Some projects need you and are willing to pay for your services.
10. Affiliate Programs: Referring friends and getting paid through affiliate programs might initially seem off-putting, but it's a lucrative way to make money. Some people even rely on it as their source of livelihood. When you see projects asking you to refer others and offering payment, know that there's money to be made. Some Companies have paid handsomely to people who referred their friends to their platforms.
Conclusion
Which of these have you tried and which one will you love to try?
What Are Your Thoughts?
Which of these have you tried and which one will you love to try?
What Are Your Thoughts?