2023-03-22 15:33:57
Mining is not your thing for some reason?
Here are 9 alternatives to mining that allow you to earn crypto.
AirdropsThat's when crypto companies hand out free coins as part of a promo campaign or social media contests. Sometimes you have to hold a certain type of crypto or meet other requirements to qualify. Just watch out for fake airdrops and do your research first.
StakingWhen you stake your crypto, you're helping to keep the network secure while getting some coins in return. Usually, the longer you stake, the more you'll earn.
Cashback rewardsYou can actually get some of the money you spend back in digital assets. For example, if you buy a product for $50 on a website, you might get $5 back in BTC or another crypto. Binance and Coinbase give a chance to get such rewards.
Yield farmingYou put your crypto into a special protocol and – you start earning. It can actually generate more returns than regular investments. But fair warning, it's not the easiest process to understand, so it might not be the best fit for beginners.
GiveawaysThere are lots of them in crypto Twitter. You might be asked to drop your address, share something in the replies, follow a social media account or join a channel to enter.
CeFiYou might lend your assets and earn interest on them this way. You can also generate revenue without doing anything. All you have to do is to find a reliable operator and get the right crypto to start.
DeFiYou can make money by depositing your assets. The smart contract will generate income based on how long you've held the assets and how much you’ve deposited. You can earn up to 10% interest in some cases.
Play-to-Earn (P2E)It allows you to generate crypto while playing. You just follow up on progress and the game gives you rewards via blockchain.
MicrotaskMicrotask tools and operators give users a chance to earn crypto by completing a simple task, like seeing an ad or taking part in research.
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