HomeArticlesHow to Earn a Passive Income with Cryptocurrency
How to Earn a Passive Income with Cryptocurrency
October 3, 2019
Earning an income has been a staple reason of why people get into bitcoin in the first place. Everyone wants to make a quick buck and what better way to do that than finding ways to make passive income? What’s up cryptopeeps? It’s your girl Maria, here to deliver your daily dose of Bitcoin news! Over the years, people have found new ways to earn passive income with bitcoin and cryptocurrencies, and today, we’re gonna be going over some of the best ways to do so. Number 1: Mining Mining is a passive income method that has been around since the creation of Bitcoin. Mining is extremely difficult and although it’s not as profitable as it used to be, you can still earn a teeny tiny bit passively. And if you don’t know what Bitcoin mining is, it’s a form of generating new blocks for a certain cryptocurrency. When you successfully solve for a block, you are awarded with the corresponding tokens. For more information about Bitcoin mining, you can check out our blog and our video about it. Links will be in the description box below! Number 2: Airdrops I know what you’re thinking and no, it’s not the same as the feature that all Apple products have, although they’re kind of similar. Airdrops, in the cryptocurrency sense, are when you are freely given or “airdropped” new cryptos and tokens because you were holding some other coins. To claim these airdrops, it’s essential that you have access to the private keys of your parent funds. These funds come from bigger companies that want to gather attention and new followers for their new coin. In a sense, it’s kind of like a marketing scheme to get some people talking about your new coin. Last year, Ethereum HODLers were airdropped OMG tokens which had a jump in price. They went up to $18 a pop but now they’re at $1.88. Number 3: Affiliate Programs Affiliate programs are by far the easiest and most simple way to earn a passive income. A lot of platforms offer affiliate programs that not only help the platform grow but also allow users to earn a significant amount of money. Let’s take Paxful’s revamped affiliate program as an example. Now there are a lot of different affiliate
programs out there but the one offered by Paxful is one of the best. If you sign up for their affiliate program, you will be given a unique link that only applies to you. Your friends and family can then use that link to sign up on Paxful and make trades. For every trade made by people that used your affiliate link directly, you’ll be able to earn 50% from Paxful’s
escrow fee off each trade. That’s only tier 1. Tier 2 users are those that sign up using your tier 1’s affiliate link. From all trades completed by your tier 2 affiliate, you will get 10% of the escrow free from each trade. Once you get enough affiliates, you should be making a steady passive income. Sounds simple enough, right? There are tons of ways to earn passive income with cryptocurrency but I’m afraid we’ve run out of time. Are you ready to try out these passive income methods? Is there anything else you want the WeTheCryptos team to cover? Let us know in the comments section down below! Don’t forget to like, hit subscribe, and click that bell button to stay updated on all our cryptocurrency content. Check out our website as well at www.wethecryptos.net! Follow us on Facebook, Twitter, and Instagram. And once again, my name is Maria and this is WeTheCryptos!