Various government responses to the coronavirus caused a lot of chaos in the global economy and millions of people are now out of work.
A number of countries have not revoked lockdown and no one is really sure when the industry will reopen. When people lose their jobs, they may find interest in the many available methods that individuals can use to earn digital currency online.
The following is a comprehensive list of how to get cryptocurrency safely during lockdown with a few initiatives and minimal effort.
5 Ways to Make Money During Lockdown Through Cryptocurrencies
These days, people are trying to find side businesses and opportunities to make money online. Because the economy was shut down by the world’s governments in response to the Covid-19 outbreak.
For years now, bitcoiners and crypto advocates have been telling people about the benefits of acquiring digital assets online.
For example, people can earn coins like BTC, BCH, ETH and a number of other crypto assets nowadays just by completing tasks, surveys, writing, trading, mining, staking, finding airdrops and more.
In this post, we will discuss the various opportunities available to people who are interested in making money on the side by utilizing cryptocurrency solutions.
If you are good at analyzing charts and trading, then you can make a lot of profit by exchanging digital assets on a regular basis.
Trading can even be a full-time job, providing enough income for an individual to survive, but the profession can also be risky.
For example, in order for anyone to start profiting from crypto trading, individuals just need to buy some digital assets and play the ups and downs properly by knowing the right time to trade.
It’s probably a good idea to hone your skills before starting and that includes endlessly studying technical analysis methods and charts.
It is not easy to learn how to trade. However, it is possible to make a living trading on the crypto market which operates 24 hours a day and seven days a week.
People can also mine digital assets that take advantage of application-specific integrated circuit (ASIC) devices, GPUs, and CPUs if they invest the money to get started.
With ASIC and GPU mining, an individual with access to free or very cheap electricity can acquire digital assets by purchasing multiple machines.
With coins that can be mined by a central processing unit (CPU), people may be able to earn coins if they have enough personal computer cores to store.
ASIC and GPU mining will require initial costs to get started and CPU mining may make your computer slower.
In addition, all mining possibilities require a mining device that operates continuously, in order to get some profit.
Freelancers, Taks and Blogging
There are various opportunities to earn crypto through freelance work, completing assignments, completing online surveys, and editing or writing essays for coins.
There are many jobs available on freelance websites like Cryptocurrencyjobs, Ethlance, Freelanceforcoins.com, and a few others.
People can earn money just by writing and blogging regularly. Read.cash, a blogging platform, allows individuals to do this and earn bitcoin cash by writing and sharing unique content.
Another blogging site that rewards users in BCH and ten other digital currencies is the Publish 0x platform.
You can also choose to write on the Steemit platform, to earn digital currency for writing and producing content.
Basically, digital currency projects distribute coins to people if they help market the coins or projects in some way.
For example, people can earn cryptos airdrops by downloading protocols, registering, following, or retweeting on social media, and some simply require people to simply provide the address of the recipient of the airdrop.
For those who want to find the latest airdrop, you can stop by the Airdrop menu above
Accept Digital Currency for Goods and Services
If you have a physical store and are unable to sell items due to the lockdown, you may be able to sell goods and services online for cryptocurrencies such as BCH, BTC, and ETH.
Setting up an online e-commerce merchant service is easy to do. For example, if someone wants to accept bitcoin cash payments, they can take advantage of a payment gateway and add it to any website.
Accepting digital currency opens businesses to a wider variety of payment methods and a loyal customer base.
Basically, a cryptocurrency payment gateway or merchant solution will allow you to accept digital assets. But it also calculates how much money the goods or services are in fiat denominations.
You will also provide customers with a privacy-centric solution for shopping online because clients don’t have to enter credit or debit card information over the web.
Read: How to Create a Bitcoin Wallet
The list mentioned above are just a few of the ways to earn cryptocurrency online. Because there are many other ways to make money with digital currency.
What do you think about the above list of ways to earn cryptocurrency for a long time lockdown? Let us know in the comments below.