Top 10 ways to make money with cryptocurrency in 2022

The Best 10 Ways of Making Money in Cryptocurrency.

There are several ways to make money in the current crypto climate. Although millions of people know the golden rule of trading, buy small, hold and sell big, there is more to crypto investing than the information found online. 

10 ways to make money with cryptocurrency.

If the current market outlook, with coins trading well below 50% of their all-time highs, tempts you to get involved in cryptocurrencies, know that there are multiple methods of making money. 

Some of the best methods of making money cryptocurrency right now are,

1. Mining ― Mine Cryptocurrency to Enjoy Rewards.

2. DAOs ― Own a Share in a Decentralized Autonomous Organization (DAO).

3. Airdrops ― Free Deposits of Cryptocurrencies in Your Wallet.

4. Faucets ― Earn Free Cryptocurrency by Completing Simple Tasks.

5. Crypto Lending and Yield Farming ― Generate an Attractive Annual Percentage Yield (APY) on Your Cryptocurrencies.

6. Play–to–Earn Crypto Games ― Earn Rewards for Playing Crypto-Games.

7. HODLing ― Invest in Digital Assets and HODL Long Term.

8. Day Trading ― Make Money by Trading Cryptocurrency Pairs.

9. Staking and Interest ― Earn Passive Income on Idle Cryptocurrencies.

10. Investing in Promising New Coins Early ― Overall Best Way to Make Money with Cryptocurrency.

A Closer Look at the top 10 Best Ways to Make Money with Cryptocurrency.

If you are eager to earn free Bitcoin, Ethereum, Cardano or Solana coins, follow this guide in its entirety as we explain the 10 proven methods in the section below.

1. Mining ― Mine Cryptocurrency To Enjoy Rewards

The first method of the best ways to make money from cryptocurrency is mining. Mining is a process of tracking and processing new cryptocurrency transactions. Normally used to approve and validate the creation of new blocks for proof-of-work digital currencies such as Bitcoin, Litecoin, and Ethereum 1.0, mining enables the decentralized operation of a network.

To be a miner, you must power POW networks such as Bitcoin. Therefore, you need to get your hands on application-specific ICs. These are very expensive mining equipment.

In addition to having them, you need to consider electricity costs.

Due to the profitability of mining, several companies such as HIVE Blockchain, Hut 8 Mining Corp, Bitfarms Limited, Computer North, Bitfury, TeraWulf, Bitmain, TradeBlock, BTC.com, Stronghold Digital Mining, Gryphon Digital Mining, Vector Digital Mining, Syscoin, East Coast Mining, and Genesis Mining have joined in approving the cryptocurrency transaction train validation.

These companies got involved because of the complex mathematical equations that need to be solved and the millions of dollars they can receive as rewards.

To give you the depth of revenue involved in mining, consider the following statistics.

In January 2022, Bitcoin Miners revenue was $1.21 billion. Ethereum turned out to be a relatively better mining opportunity than Bitcoin in the first month of the year. Ethereum Miners' revenue over the same period was $1.47 billion.

February 2022 marked the beginning of economic uncertainty fueled by the Russian invasion of Ukraine. At the end of the month, revenue from Bitcoin and Ethereum Miners stood at $1.06 billion and $2.25 billion, respectively.

The first two weeks of March proved to be difficult for digital assets. Over the past two weeks, the launch of ApeCoin has seen recovery attempts that have had a positive impact on proof-of-work coins.

At the end of March, Bitcoin miners took home a combined $1.21 billion while miners who helped get Ether coins approved and validated shared $1.34 billion.

The start of the second quarter of the year breathed new life into the non-fungible token space as Yuga Labs introduced the Otherside Metaverse.

POW coins have maintained a certain level of consistency, especially between the two most popular and largest cryptocurrencies by market capitalization.

Throughout April, Ethereum miners received a total of $1.34 billion in rewards, and approximately $1.16 billion was split among Bitcoin miners.

Unfortunately, the sharp decline in cryptocurrency prices caused by the TerraUSD crash of the Do Kwon ecosystem led to lower mining revenues in May.

That said, BTC and ETH miners still walked away with $906.19 million and $1.01 billion respectively.

The aforementioned mining cash exchange should alert you to the potential rewards you could earn as a miner.

If you do not have the money to become an individual miner, several websites have been created to allow millions of people to bring their power to the validation of transactions.

You can join mining pools on Minedollars, SlushPool, F2Pool, AntPool, ViaBTC, BTC.com, Poolin, Genesis Mining, Bitfury, and Binance Pool, among others.

2. DAOs ― Own A Share In A Decentralization Autonomous Organization (DAO).

Decentralized autonomous organizations, also known as decentralized autonomous corporations, aim to be an extremely open platform through which members control their identity and personal data.

In addition to the unmistakable tokens and Metaverse, DAOs are expected to play an invaluable role in the future of blockchain technology and cryptocurrencies as a whole.

Because DAO is owned by investors and the community of a particular project, you can become a DAO owner simply by holding a token.

As of June 2022, there are thousands of DAOs and include, but are not limited to, Exclusive DAO: Friends with Benefits Pro, Metaverse DAO: Decentraland, Mission-Driven DAO: Constitution DAO, and the largest DAO: Uniswap.

If you decide to become a member of the Uniswap DAO by owning a native asset of the Uniswap ecosystem, UNI, you will have a chance to contribute to the future of the project.

As one of more than 300,000 members, you can vote on exchange fees, quoted tokens on the decentralized exchange, management protocols and its billion-dollar treasury.

But what will be the benefit of DAO membership for me?

Assuming you are part of Uniswap DAO, you will be able to share the profits generated from DEX based on the number of UNI tokens you have in your wallet.

These tokens can be reinvested, wagered or withdrawn as fixed passive income.

3. Airdrops ― Free Deposits Of Cryptocurrencies In Your Wallet.

According to Jake Frankenfield, analyst at Investopedia, "An airdrop in the cryptocurrency business is a marketing stunt that involves sending coins or tokens to wallet addresses to raise awareness of a new virtual currency."

Of the more than 19,000 projects in space today, about 15,000 have airdropped some of their native tokens to current and new owners.

To know more about airdrops, you should keep up with the developments in crypto finance.

You must have a Discord and a Telegram handle in addition to the regular Facebook, Twitter, WhatsApp and Instagram accounts. Discord and Telegram have become platforms for announcing projects and marketing airdrops.

When you become a part of crypto communities, your chances of winning at least $1,000 worth of cryptocurrency prizes per year are very high.

A great example of airdrops can be attributed to ApeCoin. The ApeCoin ecosystem was launched on March 17, 2022, along with the APE cryptocurrency. Immediately after launch, it was announced that APEs would be released from the air by mid-June 2022. In total

, Bored Ape Yacht Club and Mutant owners Ape Yacht Club were awarded up to 10,500 APEs.

On April 30th, Otherside Metaverse was launched, based on the success of BAYC. Overall, 100,000 virtual lands are available. Of that number, 30,000 were distributed over the air to MAYC and BAYC holders, and 70,000 parcels were sold to raise funds for the development of ApeCoin's ecosystem.

The average sales value of an Otherside was $22,410.84 in May 2022. As of Sunday, June 19, 2022, the average sales value of a virtual title deed was $6,576.57.

The 10 title buyers left with at least $224,108,400, having decided to leave their so-called digital collections by the end of the fifth month of the year.

Many crypto lovers have made a fortune from airdrops and you can too.

4. Faucets ― Earn Free Cryptocurrency By Completing Simple Tasks.

Faucets in crypto are mobile apps or websites that allow you to perform simple tasks or play casual games to earn crypto.

Most of the time, you take quizzes, fill out surveys and watch commercials in your spare time from the comfort of your home.

Some of the best crypto faucets to earn free crypto in 2022 are SatoshiQuizz, adBTC, FaucetCrypto, CoinPayu, Bitcoinker, Altcoins.pw, FireFaucet, Cointiply, FreeBitcoin and LuckyBlock.

You don't need any special skills to complete captchas.

You don't need to be a blockchain enthusiast or a decentralized finance professional before completing certain milestones.

This is why many market commentators believe that faucets have become one of the best ways to earn Bitcoin, Ethereum, Cardano and other coins for free.

However, this is not one of the best ways to earn a significant amount of cryptocurrencies. It may take six months at best and twelve months at worst for you to see a decent amount of money from your online activities.

The only requirement is to have a crypto wallet where coins will be deposited.

5. Crypto Lending And Yield Farming ― Generate An Attractive Annual Percentage Yield (APY) On Your Cryptocurrencies.

The centralized financial system sells government bills and bonds. Unfortunately, the interest rates are relatively lower compared to other high risk investments.

On June 15, 2022, the US Federal Reserve raised interest rates by 0.75 percentage points.

It was the third increase in 2022 and the biggest since 1994.

According to the Fed, the constant hike in rates is aimed at countering inflation. Overall, this will take the Fed's benchmark rate to 3.4% by the end of 2022. This means that a $1,000 investment in government bills and bonds will return about $34 per month. year.

The crypto-finance space via decentralized finance has introduced areas such as decentralized lending, exchanges, and return aggregation.

This has facilitated access to returns through smart contract opportunities through blockchain technologies such as Ethereum, Binance Chain, Solana, TRON, Avalanche, Polygon, Cronos, Fantom, and Waves, among others.

By providing liquidity to MakerDAO, Aave, Curve, Lido, Uniswap, Convex Finance, PancakeSwap, Compound, JustLend, Instadapp, and Balancer, among others, you can enjoy annual percentage returns of 5% to 200%.

Earning around $400 on a $1,000 investment, or 40%, is more than ten times the returns offered by centralized financial systems around the world.

It has become one of the methods millions of crypto enthusiasts survive on through the constant passive income it brings to their wallets.

Take your time and go through a list of high yielding cryptocurrencies. Once you find one, you can invest an amount of money that you can forget about for a period of time.

Once the loan period expires, the high level of sophisticated algorithms used by current blockchain protocols and exchanges will close the transaction and credit your investment interest to your account.

6. Play-to-Earn Crypto Games ― Earn Rewards For Playing Crypto Games.

The gaming industry is gradually introducing billions of dollars worth of digital assets. Much of this money serves as an additional source of income for players.

Video games came with the introduction of television and gained ground in the 1970s. This form of entertainment was worth more than $ 90 billion in 2022, and the technical jury estimates that it will be worth around $ 256.97 billion by 2025.

A strong part of popular culture are video games, which have become ubiquitous as well as other media forms such as books, music and movies.

Therefore, when you think about how to make money in a cryptocurrency, you should know that this can be done by playing games.

As a billion-dollar industry, the earning cryptograph market is not slowing down.

Axie Infinity, one of the most popular profitable games, has surpassed $ 4 billion in total sales.

With the introduction of Web3 and Metaverse, several titles continue to enter the market.

This has created several opportunities to make money for players.

You can earn ApeCoins by playing Benji Bananas. In addition, the ApeCoin ecosystem is very strong in terms of developmental activity. Many titles will be launched in the not too distant future. In addition, you will find some of the best cryptohers at Decentraland.

Other crypto games you can make money in are Plant VS. Undead, Gods Unchained, Axie Infinity, Gala Games: Town Stars, Illuvium, the Sandbox, Age of Rust, Spider Tank, Binemon, Bomb Crypto Game and Ember Sword.

You can buy land on Decentraland and Otherside from BAYC. They can be represented as unique NFTs that can be sold for huge profits in NFT markets such as OpenSea, LooksRare, Rarible, Nifty Gateway and Magic Eden.

7. HODLing ― Invest in Digital Assets and HODL Long Term.

The crypto market has never disappointed long-term investors. Despite the sharp decline in the price of digital assets in May, Bitcoin is still green for buyers in March and April 2020 when the coin crashed between $3,800 and $5,000.

Holding a cryptocurrency for a long time is called HODLing. With falling coin prices, you can buy multiple tokens from different projects and keep them for at least two years.

Ripple, Cardano, Dogecoin, TRON, Shiba Inu, Polygon, Cronos, Stellar, Algorand, VeChain, Decentraland, Hedera, The Sandbox, EOS, Fantom, Klaytn, The Graph, Loopring and Chiliz are trading below $1.

Get to know the pros and cons of the protocols that support these cryptocurrencies. Once you are done, perform in-depth fundamental and technical analysis which will give you estimations on the potential future price patterns of the coins.

Once that's done, you can buy with an eye on the long term.

Crypto investors who played the short-term game ended up seeing their investments wiped out.

Whatever happens, the crypto market is very volatile. Therefore, do not invest your rent, tuition or money for personal expenses in the digital currency market.

Invest in cryptocurrencies an amount of money that you can write off as a bad debt.

8. Day Trading ― Make Money By Trading Cryptocurrency Pairs.

Day traders are people who take advantage of cryptocurrency price changes to generate profits. There are various strategies that traders use to capitalize on market inefficiencies. To be a great day trader, you need to be an avid reader of technical analysis charts. Some of the intraday strategies you can use include scalping, range trading, news based trading, and high frequency trading (HFT).

High-frequency traders rely on sophisticated algorithms to exploit short-term or small inefficiencies in the market.

You can also track crypto news and use it to your advantage. When Elon Musk announced Bitcoin as a payment method, the coin's price skyrocketed, contributing to its rising price in March and April 2021. Unfortunately, when he announced the delisting of BTC as a payment method in May due to environmental concerns, the coin's price plunged to new highs. For experienced news traders, this presented the perfect opportunity to make huge gains in two months.

Range Trading is for highly skilled traders as it detects cryptocurrency support and resistance levels to make buying and selling decisions within a given timeframe.

The last strategy most commonly used by traders is scalping. Traders consistently make small profits from the small price changes of a given cryptocurrency within a day 12 was the day that more than 90% of digital assets fell sharply. With changes throughout the day (highs and lows) it was a great time to be a great trader. Today there are more than 500 exchanges in the market For peace of mind as a day trader, you need to be on a regulated exchange that supports multiple cryptocurrencies. From our research, exchanges that tick boxes like customer support, liquidity, speed, reputation, and payment methods include eToro, Binance, and Coinbase PRO.

9. Staking And Interest ― Earn Passive Income On Idle Cryptocurrencies.

Staking involves locking some of your coins for a given period to support proof-of-stake networks. Some of the popular PoS networks to which you can contribute with your holdings include Cardano, TRON, Solana and the upcoming Ethereum 2.0.

Interest comes in 30, 60, 90, 120, 180 and 365 days.

Once the betting period has expired, your interest will be credited to your wallet. Cryptocurrency exchanges such as Binance and Coinbase offer bets on many coins such as CAKE, NEO, GLMR, REEF, BSW, SANTOS, BTTC, AVAX, AMB, TRX, FRONT, CLV, LIT, NEAR, MATIC, ZIL, DOT, CHESS, SOL , OM, ADA, FIO, QTUM, EGLD, ONT, AXS, SUSHI, TRU, XEM, TKO, LAZIO, ICP, KSM, OGN, ONE, WAVES, ALGO, ROSE, EOS, BAKE, DODO, ATOM, IOST, Mimo others WOO, MINA, DAR, ANC, HIGH, ASTR, MBOX, CRV, ALPINE, GRT, SHIB, DEXE, MC, FIL, STMX and OAX.

Bet on one of these cryptocurrencies and enjoy rewards in the form of interest that can be collected or reinvested in other digital assets.

10. Investing In Promising New Coins Early ― Overall Best Way To Make Money With Cryptocurrency.

The last best way to make money from cryptocurrency is to invest in the best altcoins as soon as they hit the market. In the last 30 days (May 21 to June 20, 2022) 30 new cryptocurrencies were added to CoinMarketCap. Some of the most expensive coins are TDEX Token (TT), LuxTTO (LXTO), Legacy ICHI (ICHI), LYO Credit (LYO), BlockAura (TBAC) and xcDOT (XCDOT). They are available at a minimum price of $1. When ApeCoin launched in March, it was priced at $1 and in a matter of hours it surged 3,840% to an all-time high (ATH) of $39.40. This means an investment of $1,000 could have bought around 1,000 APEs. Had holders released their coins at the right time, their $1,000 investment would have matured to $39,400. Follow the market and throw money behind coins backed by awesome innovative projects.

Virtual currencies are very volatile. Your capital is at risk.