Cryptocurrency has evolved from being a novel digital asset to having real value in our world. As such, people are looking for ways on how they can earn cryptocurrencies for investing, gaining a profit or simply being part of the trend.
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Here are 4 new ways on how you can earn cryptocurrency in 2021.
Become an Affiliate Marketer Online
Affiliate marketing is an established money-making process that’s been around for a long time. The principle of earning is simple- you advertise a product or service on the internet through a variety of mediums, e.g., blog, social media or email, etc., and when a person buys that product you get a percentage of the sales (which is called a commission).
Depending on the promoted product the marketer can earn dollars, credits or gift cards, and recently cryptocurrencies such as Bitcoin and others. Signing up is usually free, and you can choose your preferred marketing method.
Those who want to earn quickly can sign up on affdeals.com, a site that offers affiliates a way to advertise cryptocurrency deals and programs and earn a percentage of the commission.
Play Cryptocurrency Games
Cryptocurrency games are often called GameFi and present a lighter facade in the world of cryptocurrency.
They’re built in a decentralized network and have an innate economy that revolves on the real value of the cryptocurrency and its community. Suffice to say, these games live or die by how thriving the community is and how active they are in the game.
Players will usually have to get the native cryptocurrency to participate, and they’re given NFTs or other virtual tokens throughout the course of the game. What’s interesting is that token owners can affect the course of the game itself- they can ‘vote’ with the token and affect community decisions on how to make the network or the environment better or more profitable.
Cryptocurrency trading is similar to stock trading and foreign exchange where you hold an asset such as Bitcoin and sell it when the price is higher than what you initially bought it with.
The process of acquiring Bitcoin is pretty straightforward- you sign up at a reputable crypto exchange, enter your card details and buy the cryptocurrency you want. You can then adopt a trading strategy, such as hodling or day trading to try and make a profit.
This type of trading is more accessible compared to stocks since anyone with a capital can try it, and you can trade right in the comfort of your own home. You can even get a robo-advisor in the form of a program or app that automates the trading for you.
Accept Cryptocurrency as a Form of Payment
If you’re a business or company then you can open up additional payment avenues by accepting Bitcoin and other popular cryptocurrencies.
To do this, you will need a digital wallet that can accept and hold Bitcoin. You can use an NFC chip to facilitate the payment, or send your wallet’s address to customers who want to pay using Bitcoin.