10 best ways to make money on cryptocurrency in 2020
This was popular in 2018, but even today you can earn thousands of dollars playing blockchain-based games, where you can get rewarded with tokens. There are pyramid games, where everything depends on luck, and there are games like Huntercoin, where users can collect virtual coins that can be exchanged for cryptocurrency. There are also games like CryptantCrab, where there is a market for in-game goods for ETH.
Income distribution platforms
Revenue-sharing platforms such as Steemit and Pocketnet reward users with tokens for quality posts. These tokens are valuable and can be cashed on the stock exchange like any other cryptocurrency. If you are already a member of discussion platforms such as Reddit and write a lot, it may be a good idea to spend some time on the mentioned platforms, as the time spent can start bringing you money.
One of the easiest and most passive ways to earn on the cryptocurrency is using trading bots. It is safe to use trading bots and you can set a threshold for the size of trades. If you already have experience of trading cryptocurrency, but you have not used trading bots, I strongly recommend you at least to try.
To become a crypto-influence agent
You can start posting content on any platform and increase your audience. It can be Twitter, YouTube, TradingView, etc. You can attract a large enough audience if you have quality content that people are interested in. Once you have a bigger audience, you can monetize it and get money for your content. The most difficult thing about this method is that it takes time to increase the audience and you need to work systematically.
Become a project consultant
Do you have a university degree? Have experience in project management? Consider joining a cryptocurrency project as a consultant or representative. You may be offered a share of the project or if you are lucky, a monthly fee. Even if you are not well known, you may have enough experience to be useful. Most crypto projects consist of small teams that need all the help they can get.
It is not 2014, when Bitcoin mining needed to buy expensive equipment. Today it is possible to mine the cryptocurrency simply by installing the application on the phone. For example, you can download the Electroneum cloud mining application. It is enough to enter the application once every few days, and in time you will accumulate coins with real value. You can even invite your friends and earn interest on their income. There are also opportunities to mint, giving you hard disk space, not the processing power of a GPU.
Find a job in the crypto industry
If you are a cryptocurrency enthusiast, you can try to find a job in this field. Websites like CryptoJobs have a lot of jobs for cryptocurrency developers, marketers, managers, copywriters, etc. Currently, there are a lot of vacancies with payment in cryptocurrency appearing on traditional freelance exchanges.
Why do you think there are so many cryptocurrency events in the world? Because it is a machine for making money. If you are able to cover the cost of food and renting space and properly advertise your conference, then one event can bring you a six-figure profit. To hold a cryptocurrency conference you need an experienced marketer and organizer, but if you have the skills to work with people and experience in organizing events, then you should think about starting with a small meetup in your region and then move on to a full-fledged conference.
Searching for a bounty
If you go to the “Services” section on bitcointalk.org, you will find many posts with the title “Signature Campaign”. These are suggestions from companies wishing to promote their services or products by mentioning them in your signature on the bitcointalk forum. Although this requires a downloaded account – a novice will not work – it does not take much time to increase the activity and rating of your account. Just create an account at bitcointalk.org and write something once a day – and in a few weeks your rating will allow you to participate in signature campaigns.
There are also other types of bounty, such as transfers, posts in your social media accounts, account registration, etc. These are all simple ways to make money with minimal effort, and all you have to do is spend time looking for such offers.
So, we’ve come up with a way to make money on cryptocurrency number one – affiliate marketing. There are a lot of proposals for affiliate marketing related to the promotion of exchanges, gaming sites, cryptocurrencies, etc. You can even get $10 just for inviting your friends to register on Coinbase. If you are really determined, you can register your family members on different platforms and give them some of your income.
Affiliate marketing works best when you have a large audience, so becoming a crypto-influenter and monetizing traffic with affiliate marketing is a very reliable strategy for earning.