how to make money with cryptocurrency 2022

How to Make Money With Cryptocurrency: 16 Best Ways (2022)

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Whether you’re looking to make a quick buck or are interested in long-term investment, cryptocurrency is an exciting and potentially lucrative way to make money online. With the right approach and determination, you can make money with cryptocurrency and enjoy the many benefits that come along with it.

In this article, we will be discussing some of the best ways how to make money with cryptocurrency, including investing in crypto, participating in popular crypto programs, and many other lucrative ways on earning free cryptocurrency.

How to Make Money With Cryptocurrency – Summary

What is Cryptocurrency?

Cryptocurrencies are digital assets that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.

This decentralization makes cryptocurrencies less susceptible to inflation than fiat currencies, which are subject to central bank manipulation.

How to Make Money With Cryptocurrency?

These are the 16 best ways to make money with cryptocurrency in 2022, whether you are a beginner in the crypto world or a professional trader.

1. Investing in Crypto

Cryptocurrency investors have seen incredible returns over the last few years. Bitcoin, for example, grew from around $1,000 in early 2017 to almost $20,000 by the end of the year, and from $5,500 in March 2020 to almost $64,000 by April 2021. Other major cryptocurrencies like Ethereum and Litecoin also saw similar gains.

Bitcoin USD chart
Bitcoin to USD chart. Image source: coinmarketcap

Is Investing in Crypto a Good Idea to Make Money?

Investing in cryptocurrency is a speculative move, but there are several reasons why it could be a smart move for those looking to make money. Here are a few potential benefits of investing in cryptocurrency:

  1. Cryptocurrency is still in its early stages
    The majority of people are only just beginning to learn about and invest in cryptocurrency. As more people become aware of and interested in cryptocurrency, its value is expected to rise. This could mean good profits for investors who get in early.
  2. Cryptocurrency is decentralized
    One of the most appealing aspects of cryptocurrency is that it is not subject to centralized control like traditional fiat currencies and commodities. This means that there is no one central authority that can manipulate the price of the cryptocurrency.
  3. Cryptocurrency is volatile
    Cryptocurrency is known for its volatility, which can be both a good and a bad thing. On one hand, volatility creates a risk that can lead to big losses. On the other hand, it also creates opportunities for quick profits. Those who are willing to take on the risk may be rewarded with above-average returns.
  4. Cryptocurrency is anonymous
    Investing in cryptocurrency is also appealing to those who value anonymity. Unlike traditional investments, there is no need to provide personal identifying information when buying or selling cryptocurrency. This could be attractive for those who want to keep their investment activities private.

How to Start Investing in Crypto?

Cryptocurrencies, also called digital or virtual currencies, are a type of money that exists only electronically. They’re not physical like coins or paper bills. You can’t go to a bank and withdraw them like you would with regular money.

I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions.

Hal Finney

So, how do you get cryptocurrencies? The most common way is to buy them on a popular cryptocurrency exchange like Binance. On this platform, you can buy, sell or trade cryptocurrencies for other digital or traditional currencies like US dollars or Euro.

When it comes to investing in crypto you can either invest for the long-term or you can trade it.

1.1 – Trading

You can buy low and sell high. You can day trade or swing trade. You can even do scalping if you’re really good. The idea is to buy when the price is lower and to sell when the price is higher.

The most important thing is to have a solid strategy and to stick to it in order to make money with cryptocurrency. However, this method has its own risks, as the cryptocurrency market is very volatile, so it may not be the best option for beginners.

Things to Consider Before Trading Crypto

  • Use a good exchange with low fees and a good reputation such as Binance or Coinbase.
  • Use a stop-loss order to minimize your losses.
  • Be patient and only invest money that you can afford to lose.

1.2 – Long-term Investing

This is probably the safest and most lucrative way how to make money with cryptocurrency. By buying coins at a low price and selling them when they are worth more, you can make a profit over time. Of course, this requires patience and knowledge of the market, but it can be very profitable.

For long-term investment, you should find a good and reliable project that has a promising future and hold onto your investment until it matures.

Things to Consider Before Investing in Crypto

Investing in cryptocurrency can also be risky, and there are no guarantees of success. However, for those willing to take on the risk, it can offer the potential for high returns. Before investing in cryptocurrency, there are a few things to consider to minimize the risks:

  1. Do your own research
    Investing in any asset is risky, and it’s even more so with something as volatile as cryptocurrency. Before you invest, it’s important to do your research and understand the risks involved.
  2. Invest only what you can afford to lose
    As with any investment, there is always a risk of losing money. Therefore, it is important to only invest an amount that you are comfortable with and can afford to lose.
  3. Create a diversified portfolio
    When investing in cryptocurrency, it’s important to create a diversified portfolio. Don’t put all your eggs in one basket, so to speak. Invest in a variety of different coins, and spread your risk around.
  4. Use a reputable exchange
    When you’re ready to buy cryptocurrency, make sure you use a reputable exchange such as Binance, Coinbase, or Crypto. There are a lot of scams out there, and you don’t want to get caught up in one. Do your due diligence and only use exchanges that have a good reputation.
  5. Use a crypto tax software
    Crypto tax software can help you keep track of your profits and losses, and calculate the taxes owed on your cryptocurrency transactions. CoinLedger is the most accurate and reliable DIY tax prep software for crypto investors.
  6. Monitor your investments
    Once you have made your investments, it is important to monitor them regularly. This will help you to make necessary adjustments along the way and maximize your profits.
  7. Keep your coins safe
    Once you’ve purchased cryptocurrency, it’s important to keep it safe in a secure wallet. There are different types of crypto wallets, hardware wallets being considered the most secure type of wallets because they store your private keys offline on a physical device.

2. Binance Earn

Binance Earn is a program that allows you to earn interest in your cryptocurrency holdings. You can choose to receive payments in Binance Coin (BNB), BUSD, or USDT.

To participate in Binance Earn, you must first signup for a Binance account, if you don’t have one already, and deposit or buy your cryptocurrency. Once your deposit or purchase has been confirmed, you can then choose to participate in Binance Earn programs. Binance offers a variety of programs that allow you to earn interest on your deposited funds, such as:

  1. Flexible Savings
  2. Locked Savings
  3. Launchpool
  4. Locked Staking
  5. Activities
  6. Binance Liquid Swap
  7. Dual Investment
  8. BNB Vault

2.1 – Flexible Savings

Binance Flexible Savings allows you to earn interest on your crypto funds. With this option, your funds are automatically moved into a Binance Liquid Swap custody account. This account is then used to generate returns based on daily market activity.

The interest rate offered on Binance Flexible savings is anywhere between 0.5% and 20%. However, some higher rates are subject to a tiered structure, meaning that are calculated based on your deposited amount of crypto funds.

For instance, as of today May 4, 2022, the AXS token has up to a 20% APY (Annual percentage yield) tier rate, ranging from:

  • 0-5 AXS: 20.00%
  • 5-20 AXS: 2.00%
  • >20 AXS: 1.00%
binance flexible earnings
Binance Flexible Savings Interest Rate as of May 4, 2022

Although you can withdraw your interest instantly without any withdrawal fee, if you want to maximize your earnings, it is recommended to participate in Flexible Savings for longer periods of time.

2.2 – Locked Savings

With Locked Savings, can lend your crypto to Binance for a fixed term, and your interest rate may vary based on the locked period of time. Binance offers terms ranging from 7 days to 180 days.

Precisely because you lock your crypto for a certain period, the interest you receive on your crypto is also more attractive. The interest rate is based on the number of days your funds remain locked on the exchange. 

For example, a coin such as SAND has a 7-day locked saving period with an annualized interest rate of 10%.

binance locked savings
Binance Locked Savings Interest Rate as of May 4, 2022

2.3 – Launchpool

The purpose of the Binance Launchpool is to enable the emergence of new crypto. When users invest their crypto in DeFi projects to provide liquidity in the pool, they get rewards for it. This is also called Yield Farming. 

binance launchpool
image source: Binance

By participating in Launchpool, you get an overview of the projects that are currently active, and those that have not yet been launched, but you also get an overview of the projects that have already been completed. In our example, you could participate in any of those 3 pools, by staking either BUSD/GAL, CAKE/GAL, or BNB/GAL coins, each pool having its own APY (usually the BNB pair pool has the highest APY).

2.4 – Locked Staking

Binance Locked Staking is a type of staking that allows you to earn rewards by locking your crypto assets on the Binance platform. By doing so, you can help to support the network and earn rewards in return. In order to stake your digital assets, you will need to have a Binance account and some digital assets to lock.

To get started, simply navigate to the Binance staking page and select the cryptocurrency that you want to stake. This feature can be very lucrative for you if you are a long-term investor rather than an active trader.

2.5 – Activities

The Binance Activities program is similar to Flexible Savings, the only big difference is that the Activities program is available occasionally. However, it offers higher rewards.

binance activities
image source: Binance

For example, the PIVX token had a stacking period of 15 and 30 days and an impressive Annualized Interest Rate of 30% and 60%.

One thing to keep in mind is that once the duration period ends, the staking process is over.

2.6 – Binance Liquid Swap

Binance Liquid Swap uses the same principle as decentralized protocols such as UniSwap but in a centralized environment.

Binance’s Liquid Swap is a liquidity pool based on the principle of an AMM, an Automatic Market Maker. An AMM is used in a decentralized ecosystem where users no longer trade at market prices, but where the price is determined by the number of tokens present in a liquidity pool. It is interesting for many because an AMM comes with attractive interest rates and additional rewards.

As an investor, you can earn part of the transaction costs in addition to the flexible interest rate by adding liquidity to the pool. Despite the growing popularity of DeFi, the use of AMMs also comes with real risks such the impermanent loss.

2.7 – Dual Investment

binance dual investment
image source: Binance

Binance Dual Investment is one of the most popular Binance Earn programs, which involves two different currencies, and it allows you to earn interest on your BNB, BTC or USDT invested funds. To take part in Binance Dual Investment, simply select the program and then set up a deposit schedule that works for you.

Dual Investment offers a high rate of return, but it also comes with its risks. The annualized return is set, but the final payoff is determined by the asset’s delivery price and the staking price.

2.8 – BNB Vault

binance bnb vault
image source: Binance

You can join the BNB Vault, program by simply visiting the BNB vault section visible under the “Earn” tab on the Binance platform. This allows you to lock your BNB and earn an APY based on the income of different projects. Depositing BNB means participating in Launchpool.

3. Crypto Payment Methods

If you’re a merchant or a website owner, you can start accepting cryptocurrency as payment for goods or services. This is a great way to start building up a portfolio of digital assets.

Crypto payment processors like CoinPayments and Coinbase Commerce make it easy to start accepting payments in Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies.

Another advantage is that they can be easily integrated with popular eCommerce platforms like Shopify or Wix or via a WooCommerce plugin if you have a WordPress blog website.

4. Crypto Learn & Earn Programs

Crypto learn and earn programs are quick and easy ways to learn about cryptocurrency and earn rewards for completing tasks. They usually involve completing simple tasks like watching videos to learn about specific cryptocurrencies and taking quizzes.

4.1 – Coinbase Earn

coinbase earn
image source: Coinbase

Coinbase Earn is a simple and lucrative way how to make money with cryptocurrency, while also learning more about the featured crypto coins on the Coinbase exchange. 

How Does Coinbase Earn Work?

Those who participate in the Coinbase Earn program, need to watch educational videos and complete a short quiz at the end of each lesson. By doing so, they will be rewarded with different crypto coins right to their Coinbase wallet.

Users can easily get started as the Coinbase platform has a mobile app available for Android and iOS smartphones, so beginners can quickly download the app from Google Play or App Store, sign up to Coinbase and apply for the program.

The rewards may range anywhere from 1$ to 12$ in cryptocurrency. If one studies every lesson included in the program, the total will come to a decent amount. Once you have received your coins, you can either HODL or trade them for fiat currency or other stable coins.

How to earn free crypto with Coinbase Earn

Step 1 – Create a Coinbase account
To get started with Coinbase Earn, you need to have a Coinbase Account. Soon as you have created an account, and followed the steps to verify your identity, you can access the Coinbase Earn program.

Step 2 – Start a course
On the same page, scroll down and you’ll see a list of Coinbase Earn courses. Each course contains info about the amount of cryptocurrency you will be rewarded by watching the video and completing the quiz. To start a new course, click on the ‘Start course‘ blue button to begin one:

coinbase earn courses examples
Coinbase Earn Courses Examples

Step 3 – Complete the task and get rewarded
Once you have finished watching the video and completed the quiz, the specified amount of cryptocurrency will be transferred directly into your Coinbase wallet.

4.2 – CoinMarketCap Earn

coinmarketcap earn program
CoinMarketCap Earn homepage

CoinMarketCap Earn is pretty similar to Coinbase Earn program. All you need to do is complete simple tasks and learn about different coins and their features, and be rewarded in cryptocurrency.

How to earn free crypto with CoinMarketCap Earn

Step 1 – Create a CoinMarketCap account
To get started with CoinMarketCap Earn, you need to sign up for a free CoinMarketCap account.

Step 2 – Pick a live campaign
While on the CoinMarketCap Earn page, scroll down and you will see a list of campaigns. The ones that have the “live” tag on are the ones you can participate in. Once you’ve found one, hit the “Learn” button.

coinmarketcap earn program live campaign example
CoinMarketCap Earn – live campaign example

Step 3 – Start the campaign
After clicking the button to start a campaign, it will take you to a page with a series of lessons you need to complete. You will have a limited time to complete the campaign and you can see the remaining time at top of the first lesson.

coinmarketcap earn program campaign countdown
CoinMarketCap Earn – Campaign remaining time example

Step 4 – Start the first lesson
Next, click the “Learn more” button to start the first lesson. In general, you’ll need to read the info provided by each lesson or watch short video tutorials. All the lessons included in each campaign can be seen on the right side of your screen (desktop) and you can pick which lesson you prefer.

Step 5 – Take the quiz
When you have finished all lessons, you can take the quiz by hitting the “take the quiz” button. The quiz can have anywhere between 20 and 40 questions, and after completion, the results will be sent to you by email.

Step 6 – Rewards
If you answered all the questions correctly, the rewards will be transferred to the wallet address you provided at the beginning of the quiz. Token distribution starts after the campaign is completed and can take up to one month.

5. Staking Crypto

Another popular way how to make money with crypto is staking. By holding onto your coins and participating in staking, you can earn interest or rewards based on the number of coins you hold.

Staking can also help to secure the network by providing resources that are needed to process transactions and maintain the blockchain.

What are the rewards of Staking Crypto?

The number of rewards you earn from staking will depend on the number of coins you hold, the platform you are using, and the current market conditions.

In general, you can expect to earn anywhere between 2% to 20% and in some cases even more per year on your staked coins.

How do you stake your crypto?

Unfortunately, each crypto platform is slightly different, but the most user-friendly way is by going through an exchange like Binance which offers fairly good staking rewards.

6. Buy and Sell NFTs

Buy and sell NFT

Since the launch of the first NFT marketplace in 2017, the success of this type of marketplace has been on a steady rise. In the past year alone, there have been over $250 million worth of NFTs sold, with the majority of sales taking place in the last few months.

The most popular NFTs are those that are related to gaming and digital art, but there are also a growing number of NFTs that represent other types of assets, such as real estate and collectibles. Additionally, NFTs offer the potential for high returns on investment, as they are still a relatively new asset class with a lot of potential growth.

What is an NFT?

NFTs are digital assets that are unique and non-fungible. This means that they cannot be replicated or interchangeably traded like other cryptocurrencies. Each NFT has its own blockchain address and is stored on a decentralized ledger.

What makes NFTs valuable?

The key factor that makes an NFT valuable is its scarcity. Because each NFT is unique, there is a limited supply of them. This creates demand for NFTs, as people are willing to pay more for something that is rare.

How can I make money with NFTs?

There are two primary ways to make money with NFTs: buying and selling them, or creating and selling them.

When buying an NFT, be sure to research the item and the seller before making a purchase.

When it comes to making money with cryptocurrency by buying and selling NFTs, Binance NFT Marketplace, OpenSea, and SuperRare are three of the best marketplaces to use. However, there are a variety of other marketplaces that you can use as well.

Are there any risks of investing in NFTs?

Yes, there are risks associated with investing in NFTs. These risks include the potential for fraud or scams, the possibility of losing money if the NFT is not properly stored or maintained, and the lack of regulation in the NFT market. As with any investment, it is important to do your research and understand the risks before investing in NFTs.

How can I reduce the risks of investing in NFTs?

There are a few ways that you can reduce the risks of investing in NFTs:

  • Diversify your investment portfolio by investing in a variety of NFTs.
  • Do not invest more money than you can afford to lose.
  • Avoid investing in NFTs that are not well-known or established
  • Store your NFTs in a secure wallet like Trezor or Ledger

Where to buy and sell NFTs?

These are the top 3 platforms to buy and sell NFTs:

6.1 – Binance NFT Marketplace
Binance NFT marketplace
Binance NFT Marketplace

Binance is one of the world’s largest cryptocurrency exchanges, and they also have its own NFT marketplace.

The Binance NFT marketplace supports a variety of digital assets, including games, art, and Collectibles. You can find a wide range of NFTs on Binance, and the prices are generally lower than on other marketplaces.

Binance NFT Marketplace Fees

  • There are no fees for listing NFTs on the Binance NFT marketplace, but the platform charges a flat 1% trading fee.
  • 0.000001 BNB fee for each NFT creation ( also known as minting) on Binance Smart Chain.
  • 1-10% royalty fee ( that goes to the NFT creator ) on all secondary sales ( meaning where the seller is not the NFT creator)
6.2 – OpenSea
 Opensea NFT marketplace
OpenSea NFT Marketplace

OpenSea is the world’s largest marketplace for buying and selling digital items, including NFTs.

It supports a wide range of NFTs, including those from popular games like CryptoKitties and Decentraland. You can also find a variety of other digital assets on OpenSea, such as in-game items and Collectibles.

OpenSea Marketplace Fees

When it comes to buying and selling NFTs on OpenSea, the platform only charges a 2% fee on all sales.

6.3 – SuperRare
superrare NFT marketplace
SuperRare NFT Marketplace

SuperRare is another popular non-fungible token (NFT) platform that allows you to buy and sell digital art, and it supports a wide range of digital assets. You can find a variety of art on SuperRare, including paintings, illustrations, and 3D models.

SuperRare Marketplace Fees

  • 15% fee for all primary sales
  • 10% fee on all secondary sales, where the seller receives 90% while 10% goes to the original artist ( the one that created the artwork ).
  • 3% purchase fee that is added on top of the sale price.

7. Metaverse Play to Earn Crypto Games

play-to-earn crypto games

Since Play-to-Earn is an extremely new cryptocurrency-related experience that still demands public awareness, you can easily make it one of the best options for how to make money with cryptocurrency in today’s fast-paced crypto market.

What is a play to earn crypto game?

A play-to-earn game is a type of game that allows players to earn cryptocurrency rewards by playing the game. These games often use blockchain technology to provide a transparent and secure way for players to earn rewards.

How to make money with play to earn crypto games

The most common way to make money with play-to-earn crypto games is to simply sell in-game items or the rewarded cryptocurrency for real-world money. This can be done through online marketplaces, and auction sites. Similar to play to earn model, metaverse real estate platforms like Next Earth and Upland offer ways to generate income by investing in metaverse lands and NFT in-game items.

What are some popular play-to-earn crypto games?

There are a growing number of play-to-earn crypto games available, and new ones are being released constantly. Popular metaverse play-to-earn games include:

  • Upland – a free-to-play online game built on the EOS blockchain, that allows players to purchase, develop, and trade virtual properties mapped to the real world
  • The Sandbox – is a user-generated content platform where players can create, share, and monetize their gaming experiences.
  • Axie Infinity – the most popular play-to-earn game that allows players to collect, train, and battle virtual pets called Axies.
  • CryptoKitties – launched in 2017, CryptoKitties is one of the first play-to-earn released games where players can breed, collect, and sell virtual cats in a form of non-fungible tokens ( NFTs).
  • Mines of Dlarnia – a free-to-play mining game featuring a 2D world of action and adventure, where players can earn cryptocurrency by digging for treasures.
  • Illuvium – a strategy game where players can earn cryptocurrency by exploring an open fantasy world, defeating and catching creatures known as Illuvials.
  • Vulcan Forged – an entire gaming platform focused on NFT games based on Ethereum, the most popular releases being VulcanVerse and Berserk.
  • MOBOX – a play-to-earn gaming platform that engages players in a MOBOX metaverse where they can play, fight, and catch distinctive creatures known as MOMO.

8. Crypto Airdrops

Airdrops usually happen when a new project launches its token or coin, and they want to get it into as many people’s hands as possible. Usually, all you have to do to receive an airdrop is hold a certain amount of another cryptocurrency in your wallet.

8.1 – Binance Airdrops

Binance airdrops are one of the easiest methods that crypto projects use to distribute tokens to the community. Upon depositing a significant amount of cryptocurrency tokens, you can become eligible for receiving free airdrops of the same cryptocurrency or related crypto tokens or on the platform.

Binance does not announce its airdrops ahead of time, so it is important to keep an eye on the project’s social media channels and announcements to find out about them. Once you have been chosen to receive an airdrop, the tokens will be sent directly to your wallet. You can then sell or trade them on Binance as you please.

8.2 – Coinmarketcap Airdrops

The Coinmarketcap Airdrops page is split into five different tabs, such:

  • Overview: A quick overview of ongoing, upcoming, and closed crypto airdrops.
  • Ongoing: Where you can see all the current live exclusive crypto airdrops, including coins, tokens, and other crypto assets.
  • Upcoming: Here you can see all the upcoming crypto airdrops.
  • Closed: The recently closed crypto airdrops.
  • Participated: Here you can see the list of airdrops that you have previously participated in.
coinmarketcap airdrops page
Coinmarketcap Airdrops Page

How to take part in Coinmarketcap Airdrops?

  1. Sign in or register: The first step for taking part in Coinmarketcap’s exclusive crypto airdrops is to visit their crypto airdrops page and signup for a new Coinmarketcap account if you don’t have one.
  2. Pick a project: Pick a project from the “Ongoing” tab list.
  3. Research: Before joining any crypto project is recommended to do some research about the project you want to participate in, to find some info about the utility of their token and the team behind it.
  4. Join the Airdrop: After clicking the project in the “Ongoing” list, it will take you to its Airdrop page. On the left side, you can see all the info and requirements to participate, while on the right side (on desktop) you can see a box with the remaining time until you can take part, as well as the button to join the airdrop.
  5. Requirements: After clicking “Join the Airdrop” you will need to complete a list of tasks. These tasks generally include following the respective coin/token on Coinmarketcap, following Coinmarketcap, and the project on social media accounts (Twitter, Facebook, Instagram, etc.) as well as joining their Telegram groups.
  6. Paste your wallet address: At the bottom of the requirements page mentioned above, you will see a field named: “BNB Smart Chain (BEP20) Wallet Address” if the token is a BSC based or the address of any other blockchain-based tokens mentioned before “wallet address” ( e.g Solana, ETH, etc. ).
  7. Type your social media handles ( e.g your-account-username )
  8. Accept the terms and hit the “Join Airdrop” button visible at the bottom of the page.
  9. Depending on the type of airdrop, you will be notified by Coinmarketcap if you are one of the luckiest winners, upon which the tokens will be delivered to your wallet address and you are free to keep them or sell them for stablecoins (USDT, USDC, BUSD, etc.) which can later be converted into fiat currency (USD, EUR).

9. Crypto ICOs & IDOs

An ICO, or Initial Coin Offering, is a new way of raising capital for blockchain-based projects. Like an Initial Public Offering (IPO) on the stock market, and ICO allows investors to purchase tokens or digital assets in exchange for equity in the project. In most cases, ICOs are used to fund the development of a new blockchain-based project or protocol.

An IDO, or Initial DEX Offering, is very similar to an ICO except it occurs on a decentralized exchange (DEX). Instead of purchasing tokens from the project team directly, investors purchase tokens from a liquidity pool. In most cases, IDOs are used to launch new tokens on a DEX.

Both ICOs and IDOs have the potential to generate a lot of buzz and excitement around a project. They also provide a way for projects to raise capital without giving up equity or control.

However, they also come with some risks. For example, if a project is not successful, investors may not recover their initial investment.

How to Make Money With Crypto IDOs

polkastarter launchpad - upcoming projects
Polkastarter launchpad – upcoming projects example

We all dream of being an early investor in a project that goes at least x10. The most common way to become an early investor is to participate in an IDO, which typically happens before a project is listed on exchanges.

However, most of the good projects are launched on popular IDO platforms (also known as Launchpads) like PolkaStarter, Solanium, or Seedify, and most of the launchpads require a certain amount of their own project tokens to be staked before you can join a specific IDO.

Based on the stacked amount of crypto, you will be able to get a portion of the total IDO supply of the project you applied for.

10. Coinmarketcap Loyalty Diamonds Program

The Coinmarketcap Loyalty program allows users to earn diamonds by completing certain tasks on the website.

These tasks can include but are not limited to, daily-basis logins, joining airdrops, participating in crypto price predictions, or referring new users.

How to Earn CoinMarketCap Diamonds

earning coinmarketcap diamonds

The very first step to taking part in the Coinmarketcap Loyalty Diamonds Program is to signup for a Coinmarketcap account. Once your registration is complete and you have verified your email address, you can earn diamonds in various ways:

  1. Daily-basis logins
    By either visiting the Coinmarketcap website or by accessing their mobile app available for iOS and Android mobile devices, on a daily basis. For the first three days you will get 10 CMC Diamonds each consecutive day, 20 CMC Diamonds for the next consecutive three days, and 50 CMC Diamonds for the 7th day. Missing a day will reset your progress.
  2. Joining Airdrops
    By participating in the available airdrops listed on the Coinmarketcap website. This will reward you with 10 CMC Diamonds for each airdrop you participate.
  3. Crypto price predictions
    By taking part in crypto price predictions for three different coins, you will be rewarded with 10 CMC Diamonds. If one of your predictions is correct, you will receive 50 additional Diamonds.
  4. Using a referral link
    By using a referral link when signing up for your Coinmarketcap, you will receive 20 diamonds, as soon as you accumulate 100 diamonds (feel free to use our link below).
  5. Inviting friends
    Once you have created your account and you have accumulated 200 Diamonds in your balance, you can participate in the referral program where you can invite your friends. Both you and your friends will receive 20 CMC Diamonds once your friends have accumulated at least 100 CMC Diamonds.
  6. Lucky Draws
    A Lucky Draw is basically like a lottery where you can spend your collected diamonds for a chance to win more diamonds. For example, by purchasing a Lucky Draw item for the price of 100 Diamonds, you can participate in a raffle for a chance to win up to 1,000 Diamonds.
Coinmarketcap lucky draw rewards probability
Lucky Draw rewards probability – image source: Coinmarketcap

How to Spend CoinMarketCap Diamonds

coinmarketcap diamonds rewards

Once a user has earned a certain number of diamonds, they can use them to get exclusive rewards in the form of NFTs, avatars, mystery boxes, and more.

The only downside is that these rewards sell like hot cakes and sometimes due to suddenly increased traffic, the platform may experience some glitches. So, if you want to get your hands on some CMC diamonds, you’ll have to act fast!

Once you have succeeded with your purchase, you can check your rewards by visiting the “My Rewards” tab visible above the listed NFTs (see the above picture). Next, you will need to click on any of your rewards and enter the wallet address you want to transfer your NFTs.

11. Cryptocurrency Mining

Another way how to make money with cryptocurrency is by investing in mining. While it might require some initial investment, long-term profit from this activity can be quite high. However, there are also some risks involved, as mining can be quite energy-intensive and consume a lot of power.

Nevertheless, if you have the right equipment, it can still be a great way to make money with cryptocurrency.

11.1 – Individual Miners

cryptocurrency mining

Anyone can mine cryptocurrencies. If you are confident with your skills and hardware, it could be a good opportunity to earn extra cash.

This method involves buying and setting up special hardware that can mine cryptocurrencies, such as Bitcoin or Ethereum.

You can either run the mining process on specialized equipment (ASICs) or with your own computer, as long as it has a strong enough processor (the higher the power, the better), with some of the latest generation GPUs, and a lot of cooling, as the mining process generates a lot of heat.

11.2 – Mining Pools

If you don’t want to go through the hassle of setting up your own mining rig and managing the technical details, you may consider joining a mining pool.

A mining pool is a group of miners who combine their resources to increase the chances of finding a block and earn a reward in the process. There are multiple different mining pools available, each with its own set of rules and regulations. It’s important to choose a reputable mining pool with low fees and a good track record.

11.3 – Cloud Mining

cryptocurrency cloud mining

Cloud mining is a type of crypto mining where you lease resources from a provider and mine cryptocurrencies remotely. This type of mining is usually more expensive than individual or pool mining, but it offers a number of advantages, including no need to set up your own hardware and no need to worry about managing it.

The main disadvantage of cloud mining is that the return on investment takes longer to materialize, as higher fees are charged for contracts. However, this also means that you can start earning right away without having to buy or set up any equipment. Ecos is a good example

12. Lending Crypto

Lending crypto is the act of lending cryptocurrencies to others in exchange for interest. This can be done through online platforms such as Gemini or FTX, and other popular exchanges.

Lenders typically require borrowers to put up collateral, which can be in the form of another cryptocurrency or fiat currency.

Interest rates on loans can vary depending on the platform, and you can lend them for as little as one day, or you can lend them for a whole year, it’s up to you.

12.1 – Lending Crypto With Gemini Earn Program

Gemini Earn is a crypto lending program by which you can loan your cryptocurrency to another person or entity and earn interest on the loan.

The process is simple: you send your cryptocurrency to Gemini, and then they lend it out to borrowers. When the borrower repays the loan, plus interest, Gemini sends the cryptocurrency back to you, plus the interest you’ve earned. It’s that easy!

To get started, simply create an account on Gemini and deposit the cryptocurrency you wish to loan. Once your deposit has been confirmed, you can begin lending your crypto immediately.

Gemini will keep track of all the loans made and ensure that you always receive your interest payments on time. Another great thing with the Gemini platform is that users are notified when interest payments are made, and they can check their balances in real-time.

12.2 – Lending Crypto on FTX

lending crypto on FTX
How to access the Lending section on FTX exchange

To get started with lending crypto on FTX, you will need to create an account on the FTX exchange and deposit some funds. Then, on your desktop on the top right corner of your screen, click on “wallet” and after that on “Borrow/Lending” and select the currency you want to lend and the amount.

13. Crypto Referral Programs

Crypto Referral programs are a great way to earn extra income by referring new users to a cryptocurrency exchange or wallet. By simply sharing your referral link with friends, family, or followers, you can earn a commission on every transaction they make. Additionally, many crypto referral programs offer bonuses for both the referrer and the person being referred, making it a win-win situation for everyone involved.

13.1 – Binance Referral Program

binance standard referral program
Binance Standard Referral Program

The Binance Referral Program offers users the opportunity to earn commissions by referring new users to the Binance platform.

The program provides users with a unique referral link that can be used to promote Binance on social media or other websites.

How does Binance Referral Program Work?

When a new user signs up for Binance using your referral link, you can earn between 20% and 40% commission on any trading fees that the new user generates across Binance Spot, Futures, and Pool.

The Binance Referral program is divided into two campaigns, Lite Referral and Standard Referral.

How to Get Started With Binance Referral Program

how to access binance referral program

Step 1 – Visit the Binance exchange
First, you need to create a Binance account. To create one, visit the Binance platform, and at the top right corner click on “Register”.

Step 2 – Finish your registration
A form page will appear on your screen. Click “Signup with phone or email” and follow the next steps to finish your registration.

Step 3 – Get your Binance referral link
Once your account is created, you can visit the user menu at the top right corner, and by clicking on the “Referral” tab, you will be taken to your referral dashboard. If you don’t have a referral link already, click on “Generate your link”.

Step 4 – Start inviting
The final step is to copy your referral link and share it with your friends or any person you want to invite. Once they have registered on Binance using your link and made their first trade, you (or both) will be rewarded.

Binance Referral Program Payout Structure

  • Payout: Every 24 hours.
  • What you get: Between 20-40% of your friend’s trading fees.
  • What your friends need to do: Sign up and start trading.
  • What your friends get: This is entirely up to you on how much you want to share. You can also choose to not share at all.

13.2 – Coinbase Referral Program

coinbase exchange
Coinbase homepage

Coinbase has a simple and straightforward referral program. For every friend or family member that you refer to Coinbase, you will earn $10 of free Bitcoin once they sign up and purchase or sell $100 worth of cryptocurrency on the platform. There is no limit to how many people you can refer, so the more people you refer, the better!

Coinbase Referral Program Payout Structure:

Payout: Every four business days.
What you get: $10 from every trade equivalent to $100.
What your friends need to do: Complete account details, then make a $100 trade on Coinbase.
What your friends get: Both, you and your friend(s) get $10.

Coinbase Referral Program Requirements

  • Your friend must be in the same country of residence as you.
  • Your friend’s buy or sell must be completed within 180 days of opening their account.
  • You’ll have to wait four full business days after the trade is completed to receive a bonus.

13.3 – BG25 Referral Program

cryptocom exchange homepage

The BG25 Referral Program is a great way to earn rewards by referring your friends to join the exchange.

How does BG25 Referral Program Work?

All you need to do is share your referral link with your friends or “invitee”. When the person you have invited clicks your referral link and signs up for an account on Crypto, and Once they create an account and verify their email address, you will both receive a referral bonus.

Your referrals have to stake CRO to unlock their sign-up bonus and for you to receive your referral bonus. They may purchase the CRO in-app via Credit/Debit Card, Crypto Wallet, or Bank Transfer.

How to Get Started With BG25 Referral Program

The process is similar to other referral programs and easy to follow:

Step 1 – Visit the Crypto exchange
The first step is to visit the exchange and create a new account by clicking the “Sign Up” button visible on the top right corner of your screen (or sign in if you are already registered)

Step 2 – Finish your registration
After signing up for a new account, you need to finish the KYC verification steps by submitting your phone number, and identification documents.

Step 3 – Get your Crypto referral link
To get your referral link, visit your Rewards page via the Super App Menu, tap on the “Lion” icon, and next on Referral Bonus balance “See Details”. BG25 referral program
image source:, modified by

Step 4 – Start inviting
The final step is to copy your referral link and share it with your friends or any person you want to invite. Once they have registered on exchange using your link they will be rewarded with $25 USD in CRO locked in their CRO Wallet which is unlocked by staking CRO for a Visa Card.

You get $25 USD in CRO in your CRO wallet instantly once they have successfully reserved a Metal (Ruby Steel or above) Visa Card.

BG25 Referral Program Payout Structure:

Payout: Instantly (once the invited person meets the eligibility criteria)
What you get: $25 USD in CRO
What your friends need to do: Complete account details, and reserve a Metal (Ruby Steel or above) Visa Card.
What your friends get: $25 USD in CRO

14. Crypto Affiliate Programs

There are quite a few companies that offer affiliate programs for cryptocurrencies. This means that you can get paid for promoting their products or services.

For example, if you have a blog and you write about cryptocurrencies, then you can sign up for their affiliate program and they will pay you to promote their products.

This is a great way to make money with cryptocurrency if you have a platform that you can use to promote products.

The only downside is that for some of them, in order to be accepted, you need to have an established audience, either on social media or a website with a decent amount of traffic. And that’s also one of the big differences between referral programs and affiliate programs, as for referral programs everyone can participate.

Binance Affiliate Program

binance affiliate program
Binance Affiliate Program

The Binance Affiliate Program allows you to create referral links that invite your community to register and trade on Binance. If anyone clicks the link and registers, they’ll be automatically considered as your referee. You will then receive up to 50% commission depending on the type of trade they will make.

Who can qualify?

YouTubers, crypto community leaders, writers in media, and other content creators who are interested and meet the following criteria:

  • Social media accounts with 5000+ followers
  • Communities with 500+ members
  • Businesses and organizations with 2000+ users
  • All media publishing sites

How does the Binance Affiliate Program work?

Step 1: First you need to create a Binance account if you don’t have one already.

Step 2: Go to the Binance Affiliate Program page and click the “Become an Affiliate” button. Once you’ll click it, you will be redirected to a form that you need to fill with your details.

Step 3: Wait a few days (or weeks) for the Binance team to evaluate your application. If you meet the above requirements, your application will be approved.

Step 4: Now you can create and share your referral links on social media, on your website, or anywhere you like. You can also easily track the performance for each referral link you share, right from your Binance Account.

Step 5: When someone signs up or registers an account on Binance with your referral link, you can get up to 50% commission every time they complete a trade.

15. Yield Farming

Yield farming has become a popular way to generate yield on one’s crypto assets, and many yield farmers have been able to generate significant returns.

What is Yield Farming?

Yield farming is the practice of staking cryptocurrencies to earn rewards. Yield farmers earn rewards for providing liquidity to DeFi protocols or for participating in staking mechanisms.

Yield farming relates to a model called automated market maker (AMM). In many cases, this process involves Liquidity providers (LP) and Liquidity Pools. 

A liquidity pool is essentially a smart contract in which crypto is stored. Liquidity providers – as the name implies – contribute to the liquidity of such a pool by investing their crypto in it. 

How does yield farming work?

The funds in a liquidity pool offer the possibility of a marketplace where those funds can be exchanged, lent, and borrowed. When you use such a system, for example by exchanging $ETH for $ILV, you pay a fee. 

This fee is paid to the liquidity providers in line with the amount of liquidity they add to the pool. So someone who has a lot more stored in a liquidity pool will also earn more fees in return.

How to Make Money With Yield Farming?

Yield farmers can be rewarded in multiple different ways, such as earning from transaction fees, token rewards, interest, and price appreciation. Yield farmers who are early when it comes to a new project or strategy, for example, can reap huge profits, which they can reinvest in other DeFi projects for even more profit.

Yield farming, like all other investments, is never risk-free. There is always a chance of smart contract bugs, impermanent loss, depreciation of the assets, and liquidation. Nevertheless, if done with enough research and a good strategy, it has the potential to generate significant returns.

16. Writing About Cryptocurrency

There are many ways to make money in the cryptocurrency space, but one of the most unique and interesting ways is by writing about it. There are many sites that will pay you for your content, and the payouts can be quite substantial.

As the industry continues to grow, so does the demand for quality information and analysis. This has created a perfect opportunity for those with a knack for writing to make some serious cash.

How to Make Money as a Crypto Blog Writer

If you’re thinking about getting into this industry, then there are a few things you should know. Here’s a quick guide on how to make money by writing about cryptocurrency.

1. Find your niche

The first step is to find your niche within the crypto space. There are a lot of different angles you can take, so it’s important to find the one that suits you best.

Do you want to write about the technical aspects of blockchain technology? Or maybe you’re more interested in the economic side of things? There are endless possibilities, so take some time to figure out what you’re most passionate about.

2. Build up your portfolio

Once you’ve settled on a niche, it’s time to start building up your portfolio of content. This is where your writing skills will really come into play, so be sure to work hard and create high-quality pieces.

It’s also important to find a platform or two that fits well with your style and interests. Some good options include Medium, Steemit, and Hackernoon.

3. Promote your work

After you’ve created some great content, it’s time to start promoting it. The best way to do this is by using social media platforms like Twitter, Facebook, and Reddit.

Make sure to post links to your articles on a regular basis, and be sure to interact with other users whenever possible. The more you get your name out there, the more likely people are to find your work.

4. Get paid!

Now comes the fun part – getting paid!

There are a few different ways to make money with cryptocurrency writing, but one of the most popular is through popular freelancing platforms like Fiverr where you can set your own prices.

Another option is to find a blockchain project that’s looking for writers and then get paid in their native token. This is a great way to get involved with a project you believe in and make some money at the same time.

How to Make Money With Cryptocurrency FAQs

Can You Make Money With Cryptocurrency?

Yes, you can absolutely make money with cryptocurrency and we have included in this article some of the best methods. However, there are some risks too that come with trading or investing in digital currencies, so it is important to understand these and do your own research before getting started.

What is a hardware wallet?

Hardware wallets, also known as cold wallets, are physical devices that store your private keys and allow you to sign transactions offline. This means that even if your computer is hacked or infected with malware, your coins will remain safe. Hardware wallets are the most secure way to store your cryptocurrencies, and they are well worth the investment.

What's the difference between the Binance Referral Program and the Affiliate Program?

For referral everyone can participate, for the affiliate, only people with a certain level of relevant audience can apply. There's also a big difference in terms of commission, as the Referral program offers up to 40% while the Affiliate program can be up to 50%.

Is crypto better than stocks?

There is no simple answer to this question. Both crypto and stocks have their own advantages and disadvantages. It really depends on your individual investment goals and strategies as to which one is better for you.

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Cosmin is a full-time blogger and has been designing and developing websites for over 8 years. He's a crypto enthusiast and loves anything tech-related. This led him to start, where he helps people launch and grow their own online businesses, through comprehensive how-to guides and reviews.