The Chain logo

8 Easy Ways To Earn Passive Cryptocurrency Income Starting Today

by Pavlos Giorkas 2 months ago in cryptocurrency
Report Story

Here are 8 easy ways you can start earning passive income from cryptocurrency today:

8 Easy Ways To Earn Passive Cryptocurrency Income Starting Today
Photo by Elizeu Dias on Unsplash

Many people have been dreaming of earning money while they sleep or doing nothing at all. The good news is, with the rise of cryptocurrency and blockchain technology, this is now possible!

Here are 8 easy ways you can start earning passive income from cryptocurrency today:

8 Easy Ways To Earn Passive Cryptocurrency Income

1️⃣ Stake Your Crypto

Did you know that simply by holding certain cryptocurrencies in your wallet or favorite crypto exchange, you can earn interest?

This process is called “staking” and it essentially means that you are helping to validate transactions on the network in exchange for rewards.

The more coins you stake, the more income you can earn. Some popular staking coins include NEO, Tezos, Cosmos, and Cardano — although, nowadays almost every cryptocurrency who uses the POS algorithm can be stakes.

The easiest way to start with staking is via Midas.Investments, Binance Earn or Kucoin Earn.

2️⃣ Lend Out Your Cryptocurrency

Much like traditional fiat currency, you can also earn interest by lending out your cryptocurrency. There are many decentralized lending platforms that allow you to lend your crypto and earn interest on it.

Currently, the most popular (and safe) lending platform is NEXO.

3️⃣ Run a Masternode

A masternode is a server that helps to process transactions on a blockchain network.

Masternodes typically require you to “lock up” or stake a certain amount of coins in order to run one, but they also offer passive income rewards in the form of coins or tokens. Popular masternode coins include DASH, PIVX, and SYSCOIN.

Setting up a server and dealing with software to setup a masternode might be intimidating for some. If you want to skip the hustle, considering checking out FractionalRocket — a crypto company that offers Masternoding-As-A-Service.

4️⃣ Participate in Airdrops

Airdrops are essentially free money! Many cryptocurrency projects will distribute tokens or coins to users for simply holding or being involved with a certain coin or project.

Keep your eyes peeled for airdrops and you could start earning some easy passive income.

Binance and Kucoin hold many airdrops every month. Maybe you should consider joining them — if you haven’t done already.

5️⃣ Set up a Trading Bot

Crypto trading bots are computer programs that use various indicators to recognize buying and selling opportunities in the cryptocurrency market. Bots can trade on your behalf, or be used to spot opportunities and notify you so that you can make the trade yourself.

They can also be used to monitor price movements and news events that could impact a particular cryptocurrency.

If you don’t know how to code your own crypto trading bot you can join companies who offer trading bots as a service. Some of the best include TradeSanta, Quadency and 3Commas. For a full list of the Best Crypto Trading Bots, click here.

6️⃣ Visit a Cryptocurrency Faucet

Cryptocurrency faucets are websites or apps that dispense rewards in the form of a satoshi, which is a hundredth of a millionth BTC.

In order to earn from a cryptocurrency faucet, you’ll typically need to complete some sort of task, such as viewing an ad or completing a CAPTCHA.

Once you’ve completed the task, you’ll be rewarded with a small amount of cryptocurrency.

The Best Cryptocurrency Faucet is — by far — FreeBitcoin. If you want a more faucet options, check this article .

7️⃣ Get A Helium Miner

If you live in an area with good cell coverage, you can earn cryptocurrency by setting up a Helium hotspot.

Helium is a decentralized network that allows anyone to build wireless IoT networks. By running a Helium hotspot, you’ll be able to earn rewards in the form of Helium tokens (HNT).

Although there are many Helium Hotspot sellers, I got my Helium Miner from Bobcat. Not sure about the delivery times now, I ordered mine back in October 2021 and it came on April 2022 (😯).

8️⃣ Setup Honeygain

Honeygain is an app that allows users to share their unused internet bandwidth and in return, they earn rewards in the form of fiat money cryptocurrency.

Once you’ve installed the app on your mobile device or desktop computer, it will run in the background and you’ll start earning rewards automatically. Honeygain currently supports payouts in PayPal and BTC.

Honeygain is absolutely free and completely passive. Is truly, a setup and forget method.

----------------------------------------------------------------------------------------

These are just a few of the many ways you can start earning passive income with cryptocurrency. With a bit of research, you’re sure to find even more creative ways to earn crypto.

So what are you waiting for? Get started today and begin building your own stream of crypto income!

cryptocurrency

About the author

Pavlos Giorkas

Blogger and internet marketer with a passion for SEO, Cryptocurrencies, Alternative Health and passive income. I blog regularly on pavlosgiorkas.com (in Greek) for internet marketing matters. Follow me on Twitter to learn more about me.

Reader insights

Be the first to share your insights about this piece.

How does it work?

Add your insights

Comments

There are no comments for this story

Be the first to respond and start the conversation.

Sign in to comment

    Find us on social media

    Miscellaneous links

    • Explore
    • Contact
    • Privacy Policy
    • Terms of Use
    • Support

    © 2022 Creatd, Inc. All Rights Reserved.