Find out how to earn crypto using different methods and best sites to earn cryptocurrency

Best Platforms to Earn Cryptocurrency


Crypto Earn

  • Borrow Without Selling Your Crypto

    Get a loan without having to sell your cryptocurrency. You can still benefit from any increase in value.

  • Flexible Loan Terms

    You tailor the length of the loan and payment terms to suit your specific needs

  • Multiple Cryptocurrencies Accepted

    A wide variety of cryptocurrencies are accepted as collateral for your loan

  • No Credit Checks Required

    Credit checks aren’t necessary. Just deposit your crypto as collateral for loan approval

  • Rapid Approval

    No paperwork and no credit checks means your loan can be approved almost instantly

  • Defer Taxes

    Consult your accountant on the benefits of borrowing against your cryptocurrency rather than cashing out

What is Cryptocurrency?

If you are a believer in cryptocurrencies you will always be seeking out opportunities to add to your crypto portfolio. Not everybody took to cryptocurrency initially and many considered it a passing fad with no real future. As it turns out the naysayers were wrong. Cryptocurrency is more popular than it ever has been. The number of cryptocurrencies has increased tremendously as have the different ways to earn cryptocurrency.

Earn Interest on Crypto

For many years if you wanted to have your crypto earn for you, pretty much the only way was to hold on to it and hope that it increased in price so you could eventually sell it at a profit. The problem with this is that to get an actual income the crypto assets would have to be sold and the seller would no longer be able to benefit from further increases in the cryptocurrencies price. However, that is no longer the case. For investors interested in how to earn interest on cryptocurrency while still retaining ownership, the answer is crypto lending platforms. Of course anybody can loan their crypto to a borrower and charge interest but cryptocurrency lending platforms facilitate the process by bringing borrowers and lenders together. Depending on the platform lenders can set the amount of interest they want to earn, or the platform will set interest rates. Borrowers secure loans using cryptocurrency as collateral. In this way investors can earn a passive income from their cryptocurrency while still benefiting from any increases in price.

How to Earn Cryptocurrency through Investing

There are a number of ways that you can earn cryptocurrency online by investing. Some of the options include:

  • Buy Cryptocurrency: This is the most direct method. Investors can buy a particular crypto and hold it, waiting for it to increase in value.
  • Mining: Crypto mining uses computers to solve complex mathematical equations that validate blocks of transactions. Whoever validates a block first receives a portion of the crypto validated. Mining requires an investment in equipment. As an alternative investors can join a mining network for a fee.
  • Cryptocurrency Trading: Buy and sell various cryptos based on your analysis of the market.
  • Staking: Staking: Staking is the holding of funds in a cryptocurrency wallet to support the security and operations of a blockchain network for which participants will earn cryptocurrency.

Crypto Staking

Staking crypto is considered a viable alternative to mining for cryptocurrency and has the added benefit of providing cryptocurrency owners an income without having to sell their assets.

What is Staking in Cryptocurrency?

From an investor’s point of view, cryptocurrency staking is simply holding crypto in their wallet or on an exchange. However, rather than just hoping your asset appreciates, the staked crypto is actually working for the owner. The staked coins are frozen for a period of time during which they contribute to the Proof of Stake (PoS) work of validating blocks on the blockchain. In return for staking their crypto, investors receive coins.

Proof of Stake is an alternative to Proof of Work (POW) which most refer to as mining. Bitcoin uses POW validation. With a PoW system, miners compete to solve complex mathematical puzzles. The first miner to solve the puzzle earns the right to add the next block to the blockchain for which they receive an amount of cryptocurrency. In a PoS system, the right to add the block is earned by staking coins. The staked coins are randomly chosen so the larger the amount you have staked, the better your chance of being selected. The length of time coins have been staked may also be a consideration.

Alternative Ways to Earn Cryptocurrency

There are ways to earn Bitcoin and other cryptocurrencies other than through direct investment. Some of the alternative methods for earning cryptocurrency include:

  • Cryptocurrency Airdrops: Airdrops are marketing techniques used to promote a cryptocurrency. Small amounts of crypto are given to people for free or in return for some small service such as making a post on social media about the cryptocurrency
  • Micro Earnings: Micro earning, or bounties as they are sometimes known, are similar to airdrops. Different companies and startups offer crypto in exchange for performing various tasks such as writing a review or testimonial or distributing a promotional video. There are a number of websites that list both airdrops and bounties
  • Freelancing: If you have ever considered freelancing or are already one there are platforms that match freelancers with employers who pay in cryptocurrency rather than fiat currency
  • Affiliate Marketing: There are many affiliate marketing programs that pay commissions in cryptocurrency
  • Games: If you want to earn Bitcoin Android and Apple both have apps for games that let you earn BTC for playing
  • Crypto Loans: Earn interest by lending your crypto to borrowers on a lending platform. Technically this is an investment but if you already own crypto no expenses are incurred

These are just a few of the options available to earn free crypto without having to spend.

BlockFi

BlockFi was started in 2017 and is located in New Jersey. They are a crypto asset management company that offers crypto backed loans and interest bearing cryptocurrency accounts to users. The cryptocurrencies accepted as deposits are Bitcoin, Ethereum, Litecoin, PAX, USDT, GUSD, PAXG, and USDC. Interest on Bitcoin deposits is as high as 6% while it is around 5% for Ethereum and Litecoin. The Annual Percentage Yield (APY) for stablecoins is 8.5% to 9%. BlockFi charges no monthly fees on interest bearing accounts and there is no minimum deposit.

YouHodler

YouHodler was launched in 2019 and is a crypto loan service owned by Naumard Limited. They are based in Switzerland and offer users interest bearing cryptocurrency accounts as well as loan and exchange services. YouHodler currently accepts deposits in 22 different cryptocurrencies. The cryptocurrencies accepted are BTC, ETH, XRP, LTC, USDT, USDC, PAX, TUSD, DAI, HUSD, EURS, LINK, UNI, COMP, MKR, XLM, BNB, PAXG, DASH, EOS, BCH and HT. Interest rates range from 2.5% to 12% APY depending on the cryptocurrency deposited and is paid into accounts every week. There are no fees to open accounts and the minimum deposit requirement is $100.

CoinLoan

CoinLoan was launched in 2016 and is a peer to peer cryptocurrency lending platform based in Estonia. They offer cryptocurrency interest bearing accounts and crypto backed loans. The cryptocurrencies that can be deposited to interest bearing accounts are Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Monero, Wrapped BTC, XRP, Chainlink, USD Coin, TrueUSD, Binance USD, PAX, Tether, Dai, and PAX Gold. Interest rates range from 5% to 12.3% APY but that is only if you have staked CoinLoan tokens. If not then maximum interest is 8.3%.  Interest is paid every month into user’s wallets. The minimum deposit at CoinLoan is €100 and there are no fees.

Earn Bitcoin (BTC)

Bitcoin is the best known and most heavily traded cryptocurrency. There are a number of ways to earn Bitcoin online for those interested in owning some of this cryptocurrency:

  • Bitcoin Lending: Investors loan their BTC to borrowers through a crypto lending platform and earn interest.
  • Micro Earnings: Complete simple tasks to earn small fractions of BTC as a reward
  • Bitcoin Affiliate Programs: Many Bitcoin related products and services have affiliate programs that pay commission in BTC.
  • Bitcoin Gambling: If you don’t mind risk there are Bitcoin casinos online where you can gamble with and win Bitcoin.

Earn Litecoin (LTC)

Litecoin is among the top ten cryptocurrencies and considered by many to be a worthwhile investment. There are several options available to those who want to earn Litecoin online:

  • Litecoin Lending: If you already own some Litecoin you can earn interest on it by lending it on a crypto lending platform. You will receive regular interest payments and borrowers secure loans using their own cryptocurrency
  • Faucets: Litecoin faucets are a website or application that has users perform simple tasks like playing games or viewing advertisements. In exchange, users earn free Litecoin.

Earn Ethereum (ETH)

Ethereum is the second biggest cryptocurrency next to Bitcoin and one popular with investors. Some of the ways to earn Ethereum include:

  • Ethereum Lending Platforms: Owners of Ethereum can earn interest on it by lending it through a crypto lending platform. Interest rates are good and loans are secured by crypto collateral from the borrower. This is the easiest and perhaps the best way how to earn Ethereum.
  • Micro Earning: You can earn free Ethereum on a number of different sites by completing tasks such as taking surveys, playing games, downloading apps, and watching videos.

Earn Ripple (XRP)

Ripple is one of the top 10 cryptocurrencies and a good one to add to your crypto portfolio. Here are a couple of ways to earn XRP for your crypto wallet:

  • Ripple Lending: Anybody who already owns Ripple can loan it out to earn interest in XRP. Just deposit your Ripple to an account on a crypto lending platform that handles XRP and let the platform handle the process. Loans are secured by the borrower’s crypto.
  • Micro Earning: Complete simple tasks and get rewarded with XRP.

Frequently Asked Questions

1. What is crypto earn?

Crypto Earn is an interest bearing account from crypto.com where you can deposit your preferred cryptocurrency into an account and receive as high as 12% interest per year on your deposit.

2. How to earn free Bitcoin?

There are several ways to earn free Bitcoin. Some of these methods are completing micro earning tasks, playing games that give rewards in Bitcoin, and earn affiliate Bitcoin commissions for referring customers to businesses related to Bitcoin.

3. What are the best ways to earn Bitcoin?

The best way currently available to earn Bitcoin is through crypto loans. You will earn good interest on your Bitcoin while still being able to benefit from changes in price.

4. Is earn crypto legit?

EarnCrypto is a platform where users can earn cryptocurrency for completing a variety of simple tasks. Although there have been some complaints the site is legitimate and users are paid although fees for completing tasks are low.