Due to the increased hype surrounding the crypto world, everyone wants to know how to earn cryptocurrency easily. No wonder, you will find a lot of information on the web discussing how to earn free coins such as by trading, crypto saving, and many other methods. These are great opportunities to grow your digital asset investments, but you need to research more to understand how to go about it.
Generally, there are two main options for those wondering how to earn cryptocurrency: trading and saving to earn interest. The latter is gaining popularity since it is a lucrative passive crypto earn opportunity with better rates than traditional banks.
That said, let’s cut to the chase and discuss the two and a few others that might interest you.
How to Earn Cryptocurrency Through Saving
Saving crypto to earn interest is now called HODLing. This is coined from the word holding because it means putting your crypto investment in an account that earns interest. However, you could try liquidity pools, which use the same concept and give interest for the crypto you lend to the system.
It is good to know how to earn cryptocurrency through saving if you are interested. All you need is to choose an appropriate platform, open an account, and HODL the crypto of your choice. Stablecoins earn more interest than Bitcoin and altcoins, and it is worth giving them a try. Although there are many crypto savings platforms with amazing APY, you can try these three for now.
- Hodlnaut – It is popular for its competitive rates of up to 12.73% APY and accepts dozens of crypto coins. You can check their website to learn how to get started and all the digital assets you can HODL.
- YouHodler – This reputable platform is gaining popularity quickly for competitive rates, digital asset security, and ease of service access. You can try YouHodler by registering on their website to earn up to 12.3% APY on different crypto coins.
- Crypto.com – This is another popular platform to enjoy crypto earn interest of up to 14.5% APY.
How to Earn Cryptocurrency Through Trading
If you have time, you can learn how to earn cryptocurrency through trading. Operating trading wallets is more tasking than running crypto wallets that earn interest. However, there is a lot of potential in trading; you need to buy and look for the best time to sell your digital coins of choice at a profit.
Fortunately, there are trading robots that help you to predict or determine the best opportunities to buy and sell cryptocurrency. If you have to wait for a long time for an ideal time to sell, you can get a crypto wallet with interest to earn more as you wait.
Transactions can incur different fees. Hence, one should consider using a platform that charges fair and reasonable fees. Take your time to look for a user-friendly, secure, and competitive platform that suits your needs.
This article is a great resource on how to earn cryptocurrency, and you should use the information to your advantage. As you trade or HODL crypto, also consider exploring other options such as airdropping, working to earn crypto, and much more. All the best!