Selection By  Ihor Shulhach
Newbie 3197 26 Sept 2022

Top 5 Ways to Earn Money on Crypto without Investing

By  Ihor Shulhach 3197 26 Sept 2022
Photo - Top 5 Ways to Earn Money on Crypto without Investing

It is not necessary to invest in order to earn on cryptocurrency. There are many ways to profit from the crypto market involving only your time.

Many decentralized exchanges, also known as DEXs, blockchain lending platforms and crypto wallets test their software on a testnet. On a free platform developers have the opportunity to fix bugs and  flaws in a system before entering the main blockchain.

According to the project’s tokenomics, some budget is allocated to users who test the platform in the early stages. As a rule, a large number of people participate in such activities. And some of them even create entire “farms” of dozens of accounts in order to multiply potential profits.

Free Airdrops, bonuses, AMA sessions - marketing strategy of new projects, where users’ activity is rewarded.  In fact, there are many ways to make money during a crypto bear market. 

Let’s see top 5 ways to earn on cryptocurrency without spending even a penny : 

Airdrop

Earning free cryptocurrency through Airdrop is a rather popular method. Crypto-projects, as part of an advertising campaign, give away free tokens for a number of different activities: social media subscriptions, reposts, inviting friends, etc. Unfortunately most Airdrops appear to be “scam”, as they don't send you anything at all or due to the big number of participants they send you a small amount of tokens.

Different crypto exchanges, e-wallets, DeFi projects and other blockchain startups carry out Airdrops. You can find information about them on Coingecko and Coinmarketcap. Also, distributions of tokens are sometimes carried out by projects that go to IDO. You can find their list on the Cryptorank website, "Launchpads" section.

Ambassador Programs

It’s not easy to build a crypto startup from scratch.  It is important to build a team that will do the inner work - social media design, chat management, design, content-making, writing and translating articles, etc. Therefore, projects launch ambassador programs, where community members are rewarded for their work with tokens.

It’s not difficult to find ambassador programs. Information about them is published on Medium, where most blockchain services have their blogs. It is better for you to start being active immediately in the social networks of the project so that your application will be a priority.

АМА-sessions

An AMA, short for “ask me anything” is a type of interactive post where you get answers from the founders about interesting features and mechanics of the project. 

Usually you need to fill out a Google form where users put their questions before the AMA session starts. The most interesting of them are read out at the session, and the author of the question receives a money reward, which can range from $10 to $50.

Testnets

Many decentralized exchanges, also known as DEXs, blockchain lending platforms and crypto wallets test their software on a testnet. On a free platform developers have the opportunity to fix bugs and  flaws in a system before entering the main blockchain.

According to the project’s tokenomics, some budget is allocated to users who test the platform in the early stages. As a rule, a large number of people participate in such activities. And some of them even create entire “farms” of dozens of accounts in order to multiply potential profits.

Free NFT mints

It’s not necessary to purchase NFTs to make money on them. You can get the opportunity to mint (generate) a free NFT token. Such a chance is given to community managers of the project’s social networks, ambassadors and those who were active before the launch of the NFT collection.

Early NFT sales are called INO (Initial NFT Offering). You can get access to this event by winning the Whitelist, an option that gives you a guaranteed right to a mint. Often, IEOs run launch pads that start IDOs. Therefore, you can also find them on Cryptorank.

If you have enough time that you can dedicate to the world of cryptocurrency, then those ways of making money will be a good opportunity to better understand the blockchain and earn start-up capital with minimal or near-zero investment.