How Can You Earn Crypto Without Mining or Forking Over a Lot of Money?
If you’re still new to the cryptocurrency space, chances are that you want to start getting some crypto of your own! There are a variety of ways to earn crypto but they’re not all easy. When you’re first getting started, it’s difficult to know the best ways to actually get a hold of some and while there are some obvious ways to earn crypto, they may not be the best for you. You can setup a mining operation, but that’s not always the easiest (and it’s certainly not the cheapest!). So what do you do if you want to earn crypto but don’t have a mining rig? Keep reading below as we talk about 3 ways you can earn crypto without having to mine!
The first option is bounties! If you’re looking for an easy way to get started in the world of crypto, this is a great choice. ‘Bounties’ are rewards given to people who help accomplish tasks. Depending on who creates the bounty, rewards are paid out in different forms of cryptocurrencies. All you have to do to earn crypto is start finding some of the bounties! You’ll be a crypto ‘bounty hunter!’
Bounties are put out for all sorts of reasons. Many of the bounties we hear about are ‘bug bounties’ and go to developers able to find bugs (problems) in a platform’s code. However, there are alternatives for the less tech-savvy crypto-enthusiasts too. If you don’t mind helping spread awareness on social media and doing other tasks, you can start earning crypto easily!
One of the newest and most effective platforms for finding bounties and earning the rewards is Bounty0x. If you don’t know much about Bounty0x, read through our intro here.
This option can be a bit foreign to many, but it’s also a fantastic choice! With the rise of platforms benefiting content creators (not just site owners), Steemit is among the best options for bloggers. If you want to earn crypto from the comfort of your own home (or any coffee shop for that matter), then Steemit is perfect!
The platform allows users to post their own blogs and content and users are paid in return! We chose Steemit for the list since they pay creators in crypto. As you write and post on the website, other users can vote your content up. If you’re creating high quality work, others are likely to recognize that and vote for you. As your work gets more attention, more votes, and more readers, you’ll earn more crypto.
There are communities for virtually everything on Steemit. After a quick browse, you’ll see that it’s not difficult to find a place where you fit in. Whether you like video games, books, politics, or talking crypto, there’s a place for you. If you haven’t used Steemit before, then head over and read our introduction to the platform!
We’re not talking about Navy SEALS or Army Green Berets here, but you can actually earn crypto from ‘airdrops.’ If you don’t know what an airdrop is, it’s actually pretty straightforward. (It’s exactly what it sounds like.) For many new projects, awareness is key to entering the market. That means that they need to build name recognition in the industry and grow the amount of people with active wallets.
In order to achieve those goals, sometimes developers will offer incentives for people to get involved. As a way of rewarding people for creating wallets and spreading the word, sometimes tokens will be ‘airdropped’ directly into your wallet. It’s really that easy!
Not all airdrops will be that simple. Sometimes users have to already own a specific amount of a cryptocurrency before a specified date (known as the ‘snapshot date’), but that’s generally not very much. And, if you’ve already been working on bounties, you may already have the necessary amount of tokens!
While the terms of each individual airdrop differ, they’re always worth looking into. Some will be easier than others and some you may already qualify for! To keep up-to-date with all the airdrop options, you can use a site like airdropalert.com to see all the upcoming drops. Besides AirdropAlert, there are many other communities and sites where announcements are made like Twitter, Reddit, and Steemit so make sure to keep your eyes peeled.
The only question left is: What are you waiting for?