Cryptocurrency has pierced the veil into the mainstream, and people are looking for ways to make it work for them. Fortunately, there are many ways to earn additional income from interacting with the crypto market – continue reading to find out more. 

HODLing 

HODLing is exactly what you think it is – a misspelling of “HOLDing”. The concept is relatively straightforward – it just involves holding onto crypto assets during market crashes. While HODLing, you can make your assets work harder by using an exchange that allows you to earn crypto for free – by literally doing nothing. 

Invest In Presales

Blockchain technology is at the start of mainstream adoption still, meaning there are plenty of projects to emerge yet. Backing a new project is a fantastic way to earn a return on your investment, especially if it does well. For example, IMPT is a platform looking to make a positive impact on the environment, and has overtaken Uniswap’s value during its fundraising run – early investors will be in for a large return. Alternatively, there are plenty of new Play-to-Earn (P2E) games emerging, which have the unlimited potential for increasing in value during the early days. 

Bitcoin Faucets

Open a wallet and find a Bitcoin faucet, which will pay you for completing small and tedious tasks like captchas and puzzles. Although these tasks are frustrating, it’s a great way to kill some time and earn a little more crypto, which is good news for your portfolio. 

Airdrops

New blockchain projects rely on community exposure to succeed. One way they achieve this is by giving away crypto for free – in return for completing small tasks. This strategy is called an airdrop, and it’s a fantastic way to make crypto work for you. Given the rapid changes in the crypto world, airdrops come-and-go at high speeds, meaning you need a platform for tracking current airdrops. 

Play-to-Earn Games

The name gives it away here. P2E games, also known as NFT games, are an enjoyable way to earn additional crypto. The top games around right now include Decentraland, Tamadoge, and Axie Infinity. As you progress through these games and complete challenges, you’ll be rewarded in crypto. However, you should note that many of these blockchain games require players to invest in the native coin first. 

Staking and Interest

All blockchains rely on investors to service, which is why many of them offer attractive interest rates for locking in their stakes. You may feel as though your traditional bank already pays interest, but you should note that interest rates are likely higher and could grow in value depending on market movements. The best blockchains for earning stake interest are Ethereum, Cardano, and Tron. 

Cryptocurrencies are highly volatile and there are plenty of risks involved that can lead to significant losses. Fortunately, there are many low-risk ways of making the crypto world work for you – all you need to do is open a digital wallet and find the right source of passive crypto income for you.