Currently, the most well-known way for people to get hold of a cryptocurrency is to buy it on an exchange with fiat currencies or through mining, but there are other ways you can earn cryptocurrency without getting out your wallet. Here are some ways on how to earn cryptocurrency without investing or mining.
As Bitcoin makes it more and more on the international news, companies have come up with a different way in which you, can take part in this blockchain world, without investing any fiat money, or mining the cryptocurrency.
Sure, by signing up for any of these apps, you won’t be able to quit your day job anytime soon. But they give you the opportunity to earn money practically in your sleep and they also provide you with valuable experience in the up-and-coming decentralized sharing economy. Definitely, something you shouldn’t miss!
is a co-creation platform were you log in, give feedback and earn crypto for it. They have over 60 crypto startups and over 26,000 signups. They have new startups as well as establish coins such as , and . (All on CoinMarketCap).
The platform is free and you give feedback, take part in bounties and airdrops to earn cryptocurrencies.
Owned the real company behind thecoin. It is a genuine app that started in 2017 pays you Bolt for doing a simple task such as downloading apps, surveys, and quizzes.
Micro-tasks in the app have been ‘gamified’ into a reward system that allows you to easily earn tokens for playing games or trying out new products or service.
Some of the tasks, for example, involve achieving goals in games you have to download. Some mobile gamers may find that StormPlay gets them the entertainment factor they need, all while earning cryptocurrency at the same time.
Bolt is the in-app currency which you can convert to Bitcoin, Ethereum or Storm coin when you have reached the minimum withdraw limit.
Steemit, or as the founders say, ”Come for the rewards. Stay for the community,” is a Reddit-like portal which supports posting content as well as up and down-voting.
Steemit is based on a Blockchain that runs on a native coin called STEEM.
Steemit’s developers say that their Blockchain, in contrast to Bitcoin’s proof-of-work, is based upon “proof-of-brain.” That is to say, cryptocurrency is generated by participants creating intelligent content. This works as follows: A certain pool of STEEM tokens is dedicated to incentivizing content creation and curation. And how exactly these tokens are distributed for certain pieces of content is determined by “crowd wisdom” – the participant community assesses the value of the content and its token reward.
LBRY is an open-source and decentralized platform for video content sharing which rewards you for content consumption. Yes, you read that right. Not only are you rewarded for content creation, but for content consumption.
Why is that? Of course, in the long run, the main point of LBRY’s economy will be the remuneration of content creators, namely with tips from content users in the app’s native LBC token (short for LBRY Credit). The app comes with a dedicated LBC wallet. Other ways to obtain LBC’s are contributions to the LBRY project and mining – see here for all the ways of earning LBC.
However, to encourage widespread adoption of the LBRY app, the LBRY team is currently providing in-app rewards for early adopters. They can be earned simply by surfing the video channels and watching videos.
SMSChain is a decentralized SMS gateway. It is based upon one of the most classical sharing economy concepts: Take a resource that someone has paid for, but isn’t using, and enable that person to share this resource with others.
These messages largely consist of standard templates, not individualized content. These templates will be defined in SMSChain nodes, and participants can choose in advance which types of content they wish to permit to go through their SIM card.
SMSChain offers exactly this marketplace, and the marketplace’s currency is their native token SMSTO. You can earn SMSTO simply by signing up for an account on the SMSChain website, and by agreeing to sell your unused SMS capacities.
In the context of SMSChain, you are known as a “miner” – similar to Bitcoin’s concept of mining. However, the mining mechanism in SMSChain is not wasteful proof-of-work, as in other cryptocurrencies, but proof-of-delivery. That means that you do the useful work of delivering SMS in order to earn your SMSTO.
Work/sell items for crypto
There are subreddits such as /r/Jobs4Crypto and /r/Jobs4Bitcoins, or you can simply contact ICOs if you have a desirable skill set. Got something to sell? there are also multiple sites where you can sell your unwanted items for cryptocurrency. Some examples are Bitify (which is similar to eBay) and BazaarBay (which is a platform that acts like Etsy).
The explosion of cryptocurrency has created a market where you can offer your services and receive remuneration in cryptocurrency.
SweatCoin will help you earn cryptocurrency for simply walking around outside.
SweatCoin might be the app here that sounds familiar to you because it’s most likely to be the easiest to use, and therefore the most popular. SweatCoin pays you in a currency that will eventually be turned into actual cryptocurrency on the blockchain.
Blockchain games are taking gaming to a whole new level. More and more startups and companies are on their way to change their business model and the gaming industry is a big part of it.
Arcade games such as Alien Run, collectable games like FootballCoin for football enthusiasts. Let’s not forget about attention games like Block Stacker. All are ready to reward you for your time and attention.
The market is big and grows at an exponential rate. As always, the firsts ones are the most advantaged players.