The Cryptocurrency market today is by far the fastest growing industry around the globe with a market capitalization of over $2 trillion dollars in 2021, and the current market capitalization sitting at almost $1 trillion dollars as at the time of writing, this is despite the Cryptocurrency market DIP which has lingered for over 7 months now.
Cryptocurrency has already become the new normal for over 200 million users around the world today and within a space of 12 years has made a lot of Cryptocurrency holders, users, and traders into multi-millionaires.
Although due to the fast-growing pace of the market and also the constant influx and outflow of resources in the crypto market, the level of volatility is very high, thereby increasing the risk of the market.
Due to the high level of risk in the market, a lot of people have decided to refrain from the cryptocurrency market as tales and stories of countless individuals who have made massive losses in the market fill the cryptocurrency space.
This has also prevented a lot more persons from making earnings and profits from the cryptocurrency market despite the vast array of opportunities that abound there.
In this article, we would be highlighting 5 easy ways you can earn from the cryptocurrency market without risk. The first on our list today is going to be Mining.
Mining
Mining as it implies is the process in which cryptocurrency coins such as Bitcoin are mined from the blockchain network. In this case, the crypto miners put in their efforts which consist of time and equipment (High-speed processor systems), and get rewarded with the un-circulated crypto assets they have mined. The mined coins are then added to the blockchain ledger which the general public can then access and purchase.
A crypto miner basically carries out the following:
They Validate new transactions on the network
Add several of those transactions together and create a new block with them.
After creating the block, the miner then adds the block of the transactions to the chain of other existing blocks that is the blockchain.
After which, the miner makes the transaction node available on the blockchain network for users to access.
As a Bitcoin Cryptocurrency miner, you get your rewards in two major ways
Transaction Fees
As every cryptocurrency user should already know, transaction fees are paid on every transaction that is carried out on all blockchain networks. These transaction fees are mostly going to be earned by the miners of the block that the transaction is been carried out on. So we can see that’s a lot of money.
Block Subsidy
This is the second way you can earn as a miner, For every transaction block, a cryptocurrency miner successfully adds to the blockchain ledger they are rewarded with a Bitcoin subsidy. The bitcoin subsidy was as high as 50 BTC but currently stands at 6.25 BTC, which is still a lot of money considering the price of Bitcoin.
Not all cryptocurrencies use the mining method to get more of the token available on their network, this is because mining consumes lots of energy, which is harmful to the entire ecosystem.
Some of the cryptocurrency which relies on mining to generate new coins are Bitcoin, Ethereum, and Litecoin. Ethereum, on the other hand, is already transitioning from the mining method which is the POW to the POS method which consumes little to no energy.
Staking
As I mentioned, while explaining mining, not every cryptocurrency uses mining or POW to get out their cryptocurrencies, and there is a lot of blockchain network that uses staking to also validate blocks and transactions.
Staking in cryptocurrency is also a method some cryptocurrencies use to validate transactions on the blockchain network. It is much easier and affordable and it also consumes little to no energy. The cryptocurrency which allows staking uses the Proof of Stake (POS) method.
To participate in staking, you must first own some cryptocurrency that you want to stake. So, for example, if you want to stake Solana, you will need to register on an exchange either a decentralized exchange or a centralized exchange, and buy Solana.
Then you stake a certain amount of currency on the blockchain. Every time a new block is added, a stake is chosen to confirm that block. When a block is added to the chain, a small amount of new cryptocurrency is minted and given to validators as a reward.
When you place a stake, the stake level makes all the difference, and the more you place, the bigger your potential winnings. In addition, the system prioritizes the larger stake amount over the smaller bet amount.
So not only do you earn more per block, but you also claim more blocks overall. Remember that a larger bet also means a higher probability of loss. As with any investment, never invest more money than you are prepared to lose. When you stake your currency, you continue to own it and can withdraw and sell it if you wish.
That said, most cryptocurrencies require you to stake your currency for a minimum amount of time. For example, Ethereum holdings are currently locked until phase 1.5, which is not expected to launch in 1-2 years.
Gaming
The cryptocurrency and blockchain industry is fast evolving and with it comes a lot of technological development. One of which is the metaverse, and another, NFTs.
Due to this development, online gaming has been taken to another level as some of the new cryptocurrencies are now integrating metaverse technology into their blockchain network. One such major token that integrates this technology is decentraland (MANA).
Decentraland (MANA) is a decentralized virtual global platform that uses the Ethereum blockchain, where users create, test, and monetize content. Users buy virtual land in the form of NFT with MANA tokens on the Decentraland platform.
Games can also be played by users in the metaverse and tokens can be earned, these tokens can be monetized on the Ethereum blockchain network.
Progress in the game depends only on the players themselves, their efforts, and their imagination. The digital platform belongs entirely to its users.
In the Decentraland metaverse, participants can explore virtual worlds, buy monetizable plots of land, create artworks, own non-fungible tokens (NFTs), and participate in a self-funded organization. Decentraland DAO platform’s decentralized value.
Because of the DAO, the community influences the development vector of the project. In addition, users have access to interactive applications, worldwide payments, and peer-to-peer communication.
The 3D world resonates with many participants also, decentraland has many applications, both entertainment for gamers and business for investors.
Affiliate Earnings.
Just like every other industry that is based on the power of the people, cryptocurrency platforms are also the same, as they are able to get more transactions and cash flow as more users visit their platforms and use their services.
Therefore, another very easy but reliable way to make some great earnings in the cryptocurrency space without any risk and without spending any money is through utilizing affiliate systems on cryptocurrency centralized exchanges.
In platforms like Binance, kucoin, gate flitaa, you can sign up for free, while all you need to do to start earning from these platforms after signing up is to get other people to sign up to the platform and carry out transactions on the platform.
As your referrers carry out their transactions, you would be able to earn a percentage of the amount they used for transactions on the platform.
For platforms like flitaa and roqqu, you are guaranteed a 0.5% referral bonus on every buy and sell transaction your referrer carries out. For binance, kucoin and gate, there are several ways in which you can always benefit from their affiliate programs.
All you need to do is to sign up for free and gain access to their various benefits.
What better and easy way to earn from cryptocurrency than this?
Walk, Run and Earn
Just like the play-to-earn games, we are now having on various cryptocurrency platforms, which allow you to make lots of money just from sitting on your chair and clicking your mouse without burning any calories, we also have applications coming up in the cryptocurrency ecosystem.
These apps have been built to ensure that users can carry out exercises, that help them burn calories such as walking, jogging, and running, and still get rewarded for it.
These apps claim to encourage healthy living, as well as rewards for living healthy which if you ask me, is a very life-changing idea. Examples of some of the apps which offer this kind of service are; STEPN, Sweatcoin, Runtopia, etc.
In conclusion, please note that everything written is just the opinion and view of the author through his extensive research and experience in the cryptocurrency field, but this does not translate as financial advice.
Please do your own Research.
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