Cryptocurrency has become very popular within a short time, thanks to its innovative technology and internet connectivity all over the world. Cryptocurrency operations and transactions are decentralized, and no single entity such as a government has control over it. This is probably one of the reasons why many are looking forward to earning cryptocurrency. When you talk of earning cryptocurrency, Bitcoin comes to the minds of many people. But this is not the only digital coin on the market today. Examples of crypto coins include Bitcoin, Bitcoin Cash, Ethereum, Ripple, Dogecoin, Terra LUNA, and many others. But there are also crypto tokens used by crypto protocols, projects, and programs that operate on various blockchains. For instance, TerraUSD on the Terra blockchain and Tether on the Ethereum blockchain, USD Coin, Anchor ANC, and many others. So, do you want to earn any of these coins in a legit way? We have the best options for you.
Crypto Trading
This is the most popular way to earn cryptocurrency. If you are a beginner, you need to buy digital coins and tokens to place into your digital wallet. It is the easiest way to earn. But once you start to sell, you will earn more through the profit. Crypto trading involves the buying of coins from a reliable platform when the value is low and selling when the value goes up. There is risk involved, but it has been quite rewarding in the past. So, you can try it too.
Crypto HODLing
HODLing is a term coined from holding. If you buy digital coins and are not ready to sell, there is no need to keep them in your wallet. Many legit platforms will help you earn cryptocurrency by HODLing what you have with them. This means depositing your coins in their platform and getting an annual percentage yield in return. You could get up to 12.5% APY depending on the coin. Stablecoins are the most rewarding, although other crypto coins yield excellent returns as well. As you HODL, you have access to crypto loans as well.
Earn Cryptocurrency Through Yield Farming
Yield farming is similar to HODLing, but the platforms that offer yield farming are slightly different. Investors earn cryptocurrency by providing liquidity to DeFi platforms or completing other tasks on the same platforms. Legit platforms such as Loop provide more information on DeFi platforms and even link you to legit ones you can use to earn cryptocurrency. So, try this one or look for similar platforms to grow your crypto investment.
Crypto Mining
Probably, you have heard about crypto mining. This is like getting a reward for tasks you have completed on a blockchain. It involves the use of powerful computers that validate transactions on the blockchain by solving complex equations. The mining reward is paid as a fraction of the transaction validated, and this adds more crypto coins into the blockchain. However, mining is evolving as more crypto coins get into the market. Sometimes, one can get paid for solving problems on the blockchain using a mobile phone, which is quite encouraging. But this is only possible on select blockchains, so you need to check if you are interested.
Earn Cryptocurrency from Airdrops
Airdrops are amazing ways to earn cryptocurrency these days. They are only available from select programs, especially from new cryptocurrencies that need to promote themselves. So, what is airdropping all about? It involves giving crypto coins to people with a wallet in an effort to promote the particular crypto's use. So, if you are an investor in a certain blockchain, you could qualify to unlock weekly airdrops with ease.
Get Paid in Cryptocurrency
Cryptocurrency is so popular these days that it can be used to pay for goods, services, or work done. If you want to earn cryptocurrency, ask your employer, client, or anyone who wants to pay you to use it. For instance, some musicians have sold their albums in Bitcoin and other popular cryptocurrencies in the past, and it is anticipated that this could be a norm in the future.
Final Words
If you want to earn cryptocurrency in a legit way, you now have several options on the table. All you need is to select one that works perfectly for you and give it a shot. The good thing is that you can try many at the same time, so make informed decisions and start earning.