Ask five people about crypto, and you’ll probably get ten answers ranging from how amazing it is to why you should avoid it like the plague. Nevertheless, one thing is almost certain; it isn’t going anywhere. Moreover, following the crash at the beginning of the year ( correlated with global stock markets), prices have plummeted, making it a great time to load up on the most valuable crypto assets available. However, you may find other ways to accumulate more crypto than simply purchasing more on your favorite exchange. This post will cover a few of the most exciting ways you can amass crypto that will increase your balance while having fun.
Find Willing Casinos
Crypto casinos are a new form of gambling that is gaining popularity and benefits players. Players can use cryptocurrency as the currency for their bets, which ensures anonymity and privacy. Transactions are usually done anonymously, meaning that players do not have to share any personal information with the casino in order to play games or make deposits or withdrawals. There are numerous advantages to selecting cryptocurrency casinos over those that only accept fiat currency, including faster translation times and a certain degree of anonymity. Here are a few of their advantages:
- Transaction times: Cryptocurrencies are generally faster than conventional banking services. While this isn’t true for all tokens, some, like Litecoin, Ethereum, and Ripple, provide users with almost instantaneous depositing and withdrawals.
- Anonymity: Although crypto isn’t entirely as anonymous as many people are led to believe, it can provide a sufficient level of privacy adequate to most people.
- Security: It is generally accepted that crypto offers a level of protection above fiat currency. While it isn’t foolproof (there have been plenty of hacks to prove this), your assets should be very safe as long as you use a secured wallet.
Participate In A Cryptocurrency Faucet (Micro Tasking)
A cryptocurrency faucet is a website that gives out free cryptocurrency in the form of a reward for completing a captcha or task as described by the website. The rewards can come in many forms, such as giving out coins when you complete tasks like solving captchas and watching videos. Essentially, faucets are like coupons you get for downloading new apps or enrolling in new online services. Crypto faucets, however, reward you in tiny chunks by completing tasks. However, while these faucets are an easy way to get your first coins, they should not be relied on for long-term crypto income. Instead, you can use them to supplement and increase your existing tokens over time. Moreover, compared to what they used to pay out prior to the cryptocurrency bubble, they now don’t pay out nearly as much. Nevertheless, for the mere act of performing a few daily tasks, you could find your balance slowly increasing.
Become A Freelancer And Get Paid In Crypto
If you have a specific skill, you could discover freelancing as a brilliant way to get aid doing what you love. Freelancing is a viable way of making a living that allows you to work from home and set your own hours. It can be an excellent opportunity for those who want to make some extra money on the side or for those who want to make it their full-time career. Freelancers are in demand in many industries, including:
- Virtual assistance
Although you can find freelance opportunities on sites such as Upwork, Freelancer, and Fiverr and then exchange your income into crypto, you might need to look elsewhere if you want to get paid directly in crypto.
Stake Your Existing Crypto
Staking cryptocurrency is a way to make money from your investments. This is done by locking away the coins in a wallet, and the wallet will automatically generate new coins in return. The amount of interest earned depends on the type of cryptocurrency being staked and the length of time they are held. Usually, it ranges from 0% to 5%. Crypto staking is similar to traditional investing but with some key differences. For one, you don’t need to invest in stocks or bonds because you’re investing in cryptocurrencies that are readily available for purchase. Secondly, crypto staking does not require any initial investment because all you need to do is lock up your coins for a certain period of time. The latter advantage, however, can also be seen as a downside. This is because you must lock up a large amount of capital to profit from it.
It has never been easier to earn extra crypto from your existing assets. From staking your existing tokens to dropping some in a casino, you have plenty of options and can choose depending on your risk tolerance.