How to Earn Crypto Rewards?

The growing value of cryptocurrencies makes people eager to become more involved with the emerging industry. If you are one of such people, it may interest you to know that you can generate an income by earning passive rewards.

Notably, risks are connected with earning crypto rewards, and therefore, before committing to any of the listed methods, you should conduct thorough research to avoid financial loss.

Five Ways to Earn Crypto Rewards

There are many ways to earn crypto rewards, but this guide will highlight several popular methods. They are:

1. Crypto Games: 

This is popularly known as Play to Earn games. These games are built on blockchain technology, allowing players to earn crypto tokens for free while completing in-game required tasks or missions. There are different categories of crypto games that you can choose from. For example, card trading, car races, role-playing, and combat games exist. 

It may also interest you that some of these games offer a sophisticated metaverse environment that allows players to create or buy virtual pieces of land and eventually profit from them. An example of this is The Sandbox.

Another popular play-to-earn game is Axie Infinity, where players earn tokens after defeating virtual creatures. These tokens can be converted into fiat money and withdrawn into a bank account. 

2. Airdrops:

One of the exciting ways to gain crypto tokens without spending money is by getting involved in airdrops. A crypto airdrop is a marketing strategy from a crypto project that gives away crypto tokens for free to its users. This method involves simple actions like following a project’s social media platform, tagging two or three persons, retweeting, and posting about the project.

To participate in airdrop holdings, you must first have a crypto wallet with some crypto coins. The next step is to look out for crypto airdrop programs. You can search for them on specialized websites such as CoinMarketCap, Airdrops.io, and Airdrop alert. 

Ensure to do proper research if you encounter an airdrop you think you might be interested in.

After determining that the coast is clear and nothing suspicious about the airdrop, you can proceed with all of the airdrop procedures, such as registering and completing the airdrop program’s tasks.

3. Learn to Earn Crypto Programs: 

If you are a crypto enthusiast and are willing to learn more about crypto, then a learn to earn crypto program may be for you. The learn-to-earn program serves as a form of motivation for newcomers keen to take crypto educational courses.

These programs reward users for reading crypto articles and watching educational crypto videos, helping them stay informed about cryptocurrency prices and market charts. For this method, there is no requirement to deposit or risk any money. Different apps offer learn-to-earn programs. Some of them are Binance, Coinbase, and CoinMarketCap. All you have to do is register and start earning while you learn.

4. Staking: 

This is one of the easiest ways to gain crypto rewards. Staking is a process where you lock your crypto assets for a certain period, and in return, you earn crypto tokens. If you stake directly on a blockchain network or a decentralized finance (DeFi protocol), you may withdraw at any time, barring a short wait period.

However, if you stake tokens via a centralized lending platform, you may be compelled to lock funds on the platform for a specified period to earn maximum rewards. In either case, remember to research staking properly to understand the risks before proceeding.

5. Crypto Faucets: 

Faucets are websites allowing users to earn cryptocurrency in exchange for simple activities like filling out surveys, CAPTCHA puzzles, and watching commercials. Although this strategy gives extremely few crypto tokens, it is still worthwhile.

It is advisable to research a faucet website before committing to it. Also, be on the look out for scams that often pose as faucets. If you have to do more than provide your cryptocurrency address or signup for an account, it’s most likely a scam.