If you’re suffering from a case of FOMO (fear of missing out), then fret no more. Any crypto investors/traders who missed the 2017 bull run have experienced FOMO, but with this introduction on how to earn cryptocurrency without investment, you don’t need to feel like you’re missing out anymore.
Whether you’re a complete beginner, a developer, or perhaps you’ve strayed over from traditional stock markets, we have a solution for you.
Time is money
You’ve probably heard of the old expression ‘time is money.’ This sentiment certainly pertains to the crypto world.
The crypto industry has created a market where people can offer their services in exchange for crypto.
Reddit is one place you could go to do this. There are a couple of subreddits that have several thousand subscribers, such as r/Jobs4Crypto and r/Jobs4Bitcoin.
The latter has over 20,000 subscribers and has daily activity. This isn’t to say you will definitely be able to earn Bitcoin through this subreddit, but it is certainly an option for those who want to earn Bitcoin in return for their skills.
This method of earning cryptocurrency could be useful for people who are not at work, work part time, or freelancers. You could also offer your services on a weekend basis to earn a little extra on the side.
Fill out a survey while on a bathroom break
Websites have long asked for your time in exchange for a potential reward like vouchers or cash. Sometimes, it is a simple case of answering a survey. The good news for you is these type of sites exist in the cryptosphere too.
Just by answering a quick survey or providing feedback to a company, you can earn yourself a small amount of crypto. This is one avenue you can use to enter the crypto markets.
You could receive a small amount of Bitcoin for your time, for example. While the little bit of Bitcoin you own won’t be worth a lot to begin with, you could then hold onto it until its value rises.
It is possible you might only receive a few satoshis. A satoshi is the smallest unit of Bitcoin, a bit like the penny to the pound. To be exact, a satoshi is only worth 0.00000001 Bitcoin.
Still, if you ever have a spare five minutes, you could fill out a survey, and after several surveys your Bitcoin stash will grow.
It’s raining money
Companies or projects often offer to distribute free tokens to their community. This process is called an ‘airdrop.’
A start-up company may hold a promotional event such as an Initial Coin Offering (ICO) to raise awareness for its project. Once the promotional event is completed and the token becomes available on the markets, the company will sometimes hold an airdrop.
An airdrop is typically performed to raise more awareness. The process involves giving away free tokens to participants who meet the requirements of the airdrop.
The company will deposit the token/s into users’ cryptocurrency wallets for free.
You can get a free wallet on your mobile phone. However, mobile wallets are not necessarily the safest. Discover more about cryptocurrency wallets by reading our latest guides.
However, certain airdrops may have different prerequisites. Some may demand that users already have a set amount of a token beforehand, but this is not always the case.
Contribute to an ecosystem
Some cryptocurrency companies encourage developers to take part in their ecosystem. In doing so, the developers are rewarded in crypto.
One example of a company that promotes this engagement is the Kin Foundation. Currently, Kin is undergoing a phase where developers can submit creative ideas to the ecosystem.
If successful, the developers will be awarded Kin, the native token for the Kin ecosystem.
So, if you know how to code and have some spare time, this is an avenue that is open to you.
To discover more about the Kin cryptocurrency, check out our latest news on the Kin Foundation.
Keep your eyes open
This introduction to methods of earning cryptocurrency without investment will have provided you with a basis to discover your own methods.
It would be wise to keep your eyes peeled for any future airdrops, developer opportunities, or even surveys that could net you any amount of crypto.
As always, be sure to do your own research, because ultimately, you are responsible for any decisions you make.
Please note that we do not recommend any cryptocurrency or service in particular.
To learn more about recent events or cryptocurrencies in general, check out our latest news and guides.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.