Another easy way to start earning quick Bitcoins is through cryptocurrency and Bitcoin faucets.
There are also faucets that dispense alternative cryptocurrencies. For each task you do, you earn a small amount of Bitcoin.
What's stopping beginners from making a consistent income from trading cryptocurrency? Well, I simply bought and waited in hope, so was that considered a strategy?
That is why I have kept this option at the bottom of the list. A word of caution: This space of lending is highly unregulated, so choose the person who you lend your Bitcoin to diligently and strictly adhere to the platform policies to make sure you get your returns.
Slow, but steady, more regulated players are evolving in this space like the BlockFi. Mining Cryptocurrencies Cryptocurrency mining is another good way to make money in the cryptosphere. This option, however, does not seem too lucrative to us yet and that is why it is the last one on the list.
Sure it does, if you are ready to make initial investments for buying mining equipment like ASIC and GPUs plus the additional supporting hardware. Also, to successfully mine and earn from cryptocurrencies, you should have access to cheap electricity to run this mining equipment along with the technical know-how of how to take care of the software and hardware mining stuff.
But before I go, I want to address one thing: There are a lot of scams and illegal MLMs going on out there that promise you high returns. My recommendation would be to not get involved with these schemes because they are not worth the time if you want to earn legally.
A recent example was the Bitconnect MLM scheme that came down crashing in one day. I will be back soon with some more secure and legit ways of earning from cryptocurrencies. Love this article?
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