7 Ways to Earn Crypto

You typically get cryptocurrency the same way you get anything else: You buy it. But, largely because of the technology behind the crypto ecosystem, there are also ways to earn it. These tactics can require technical expertise, some upfront investment and fees, and payouts aren’t always big or consistent. But hey — free is free.

Here are seven ways to earn crypto.

Staking: Low fees and steady rewards, but you’ll need crypto upfront

In a nutshell: Some coins and tokens are generated through staking. Staking involves depositing crypto you already own in order to have the opportunity to add new transactions on the network. Once deposited, your staked crypto is frozen, like collateral. If you’re chosen, at random, to validate a transaction, you can earn a crypto reward for the work your software does. If you’re caught doing any funny business, you can lose your stake.

If you already have the capital needed to be a solo staker but don’t want to get deep into the technical stuff, you…

Continue Reading →

This article was written by Kurt Woock and originally published on www.nerdwallet.com