In this decentralized market, trading is one way to make money in the Cryptocurrency industry. However,  by using numerous ways to earn those Cryptocurrencies. The inexperienced making profits from buying low and selling high is definitely not a wise strategy for amateur investors. It should come as no surprise that these shortcut methods would yield no reward, even if you spend endless hours learning the pros and cons of Cryptocurrency trading and keeping up with everything that happens in the rapidly changing Crypto market. Nobody, not even the top greatest investors in the world, can foresee short-term price fluctuations.

Nevertheless, as Cryptocurrency becomes more prominent, more avenues for passive income emerge. The goal of passive income generating with Cryptocurrency is to make money all day, every day, without doing anything much. Rather than taking excessive trading risks and wasting your time doing tedious activities or letting your Bitcoin sit idle, you can now put it to work for you as long as you choose.

This Crypto Blog will guide you with some of the best ways to get your hands on some Crypto coins at a minimum risk.

1. Airdrops:

Airdrops are the free distribution of Cryptocurrency for the marketing of a Crypto project. They are one of the finest methods on the list for receiving many coins that may be valuable today or in the future. Some Airdrops have requirements such as holding an account with the website or platform, putting forth liquidity, or owning a specific coin. However, you’ll still be able to locate some of those free ones without having any participation requirements. Some Airdrops have short wait times while others can take weeks, months, or even years. It’ll also most likely be the case that when Cryptocurrency falls in value, it will lose a significant portion of its worth in a short period. Some Crypto may take a long time to recover but this is uncommon and only happens with shitcoins.

But numerous ongoing scams may collect your sensitive information like email, KYC documents, so it is highly advisable to participate in genuine Airdrops only. 

Also read: Safe Tips For Smart Crypto Investing

2. Rewards on Shopping:

Did you know that you could get free Cryptos just by shopping? Well, now you know! Here’s how it goes, Lolli, a Google Chrome or Firefox browser extension, offers “Bitcoin Back” when you shop with its retail partners. It works similarly to browser extensions like Rakuten or Honey, which provides discounts and cashback when you shop through the portal. Lolli is similar to one of those schemes which reward you for spending fiat while shopping online- and it's not only applicable for buying Crypto. Nike, Sephora, and Malaysia Airlines are among the retailers on Lolli. Depending on the retailer and product, rewards range from 1 percent to 30 percent Bitcoin back. Your rewards will be deposited in your Lolli account which you can subsequently transfer to a Cryptocurrency wallet or exchange account.

3. Gaming:

Out of all the passive income streams, gaming is one of the most amusing ways to make money and passive revenue. This can be a significant component of the Crypto world in the future, particularly when it comes to the metaverse. Aside from that, Crypto gaming is still in its early phases. That isn’t to say you can’t make money from it, just keep in mind that many of the games are still in their early stages. So profits are unlikely to be high. Even so, you’ll be earning money while resting and playing video games. However, if you stream and profit from it, this is a terrific method to generate additional money. You can earn money by playing a variety of games. Cryptos are hunted in the same way as Pokemon Go. Splinterland and Axie Infinity are also two of the most well-known Bitcoin and NFT games. However, in order to play these, you must make a financial investment. There are several free ones available, most of them are designed for mobile devices. This is perhaps the finest and easiest way to generate money while having fun and not working.

Also read: Avoid Being Taken Advantage Of When Investing In Crypto

4. Faucets:

Faucets are another marketing approach for persuading consumers to visit a specific website and interact with it. A faucet may be an easy way to receive free Cryptocurrency without making any upfront commitments. When you find a faucet, which is typically a web page full of advertisements and other engagement links, you can take tasks such as clicking on links or filling out informational surveys. Completing these activities may give a tiny amount of Cryptocurrency.

5. Coinbase Earn:

It is a Cryptocurrency education campaign run by Coinbase, a large Crypto exchange based in the United States.  When you use the platform’s Learn hub, you can receive rewards simply by viewing Coinbase’s films and answering quiz questions. Because the curriculum is usually centred on a single Cryptocurrency (such as GRT or BOND), these are the coins you will receive for completing the lessons

As Altcoins aren’t encouraged for long-term investment, you can change your earnings into Bitcoin or Ethereum. Keep track of your transactions because every Crypto-to-Crypto trade is taxable. Likewise, you should use Coinbase Earn to track the worth of all your earnings and submit them as income on your federal tax return. Coinbase will provide you with a Form 1099-MISC if you earn more than $600 through the program which you can use to report your earnings. To start with Coinbase Earn, you must have a funded Coinbase account residing in an eligible country and validate all of your personal information. Depending on what they support, you can also earn different coins like BAT, ZRX, EOS, ZEC, CGLD, XLM, and other Cryptocurrencies.

6. Affiliate Programs:

The majority of Cryptocurrency exchanges have affiliate or referral programs. Affiliate programs for Bitcoin are the most popular. It's as simple as joining a Bitcoin affiliate program and promoting their services. The platform will send you a referral link which you may share with your friends, family, social media, or post on your website; you can also start your advertising campaign. You get paid a commission for each signup or transaction your friend completes. In addition, if your friend refers the link to others and is compensated, you will receive a passive commission as well. This is known as the Tiered Referral System and it aids in the development of the trading network.

Coinbase, Trust Wallet, Brave, Atomic Wallet, Genesis Mining, and Codex have unique referral programs. Coinbase, for example, has an affiliate program where you can refer a user to build a Coinbase Wallet for their Bitcoin and receive a $10 compensation. Whereas, Xcoins.com is a Cryptocurrency exchange where customers may purchase Bitcoins. It has an appealing affiliate scheme in which each user sent through your referral link receives $10 and you receive the same amount of $10 for each referred user. A lifetime commission of 20% of the cost paid by the user you introduced through your affiliate link will also be paid to you.

Also read: 5 Best Places To Earn Interest On Bitcoin

7. Mining Crypto:

Mining is an effective strategy to obtain Cryptocurrency. However, not all currencies are compatible. The majority of people believe that mining is just about collecting as many coins as possible. However, the procedure is a little more difficult. People who engage in mining utilize a computer to solve complex mathematical equations that validate the transaction blocks. Furthermore, every Cryptocurrency has been formed under a protocol. Therefore, they only need to be authenticated before they are being sold.  The first person to validate it will receive a piece of the virtual token they validated as a reward.

The requirements needed for mining depends on what you want to mine. While Bitcoin mining high-end hardware such as an ASIC (Application-Specific Integrated Circuit) is required, other coins can be mined with a standard PC. If you want to give it a shot at Bitcoin mining, then you won't have to spend hundreds of dollars to get started. It is always possible to join a mining network. All you gotta do is pay the membership fee and you’ll be able to mine with other members. The only drawback is that the rewards will have to be shared. The following are some of the greatest Cryptocurrencies to mine right now:

• DASH
• Monero (XMR)
• Litecoin (LTC)
• Ethereum (ETH)

8. Staking:

Proof of Work (POW) and Proof of Stake (POS) are the two primary methods for validating blocks; both of them are different, and they function differently, too. POW compels users to mine the blocks and confirm the transactions using only their computational power. Whereas, in the POS system, the individual who confirms the creation of a new block is elected in a deterministic manner, depending upon the number of coins the individual owns. Staking resembles a lottery game; the more coins you own and stake, the higher your chances of being chosen to validate the transaction. However, you need to hold several Crypto coins to stake, so this method works great only if you plan to increase your stocks.

Also read:8 Best Ethereum Staking Platforms For 2021

9. DeFi Yield Farming:

It is also known as Yield Farming or Liquidity Mining. Every Decentralized Finance project includes a reward system that mirrors the bonds market in several ways. In the most basic form, Yield Farming is a method of producing rewards by locking your Cryptocurrencies. You will receive rewards and interests when you lock up your funds and provide liquidity to DeFi tokens. Based on the project, there's a possibility of getting additional tokens besides the Yield. Therefore, the following are some of the most well-known DeFis you can mine right now:

• 0x (ZRX)
• Compound (COMP)
• Ren (REN)
• Kyber Network (KNC)

Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.