Lockdown, global recession, unemployment, bankruptcies are some of the repercussions brought upon by the COVID-19 pandemic, resulting in an economic shock and bleak outlook.
With this, several national currencies experienced sharp declines as global enterprises sunk and supply chains disrupted.
And while fiat is struggling to keep up, cryptocurrency is currently making a come back. In fact, as of this writing, the price of Bitcoin is $10,276.34.
Other cryptos such as Ethereum, Litecoin, and Binance Coin are also on the rise; making them great candidates to hodl. The best part is, you can earn these coins without the need for a high-end computer!
If you want to make money with crypto just by using your phone, here are 5 ways to do so:
Typically, companies seek out people who can do small services for them such as testing new apps, taking online surveys, or searching the web. Once you’ve completed the tasks, they’ll pay you a small fee in the form of crypto.
Doing microtasks is a great way to start earning cryptocurrencies. That way, you can exchange it for fiat or other coins.
Here are some mobile apps that offer microtasks:
The ones mentioned above are free to use. All you need to do is create an account, select a task, and start earning!
Trading in the crypto market is one of the most profitable ways to earn. But, becoming profitable through day trading is very difficult since you’ll need in-depth knowledge just to spot trends and make the right trading decisions.
Now, several apps allow rookie traders and even complete beginners to start crypto trading.
Here are some of the apps you can check out:
It’s now possible for anyone to make some money from crypto thanks to these platforms. The best part is, you can easily monitor your trades as long as you have your phone with you.
Share Content on Hive.Blog
Imagine where you can share your content like how you do it on Facebook or Reddit, and you get rewarded for it. That’s how Hive Blog works.
Hive Blog redefines social media where it rewards its users for sharing their voice. It encourages people to create engaging content for the community.
The platform rewards its users with Hive Tokens or Hive Dollar. These currencies can then be exchanged for other coins such as Bitcoin or Ethereum.
To create an account, you’d need to sign up with one of their registration providers. One of the most popular is Esteem. Here are their free providers:
Fill up the necessary information then check your email if you’ve received the username and wallet key. Go to the Hive Wallet to access your Posting Key.
The posting key is essential to access social apps. Once you have copied the posting key, login at Hive Blog using the key and your username.
Then, start creating great content that your audience will love. You’ll earn Hive coins for engagements that you receive and for interacting with other posts.
Simply put, staking means buying a currency, holding onto it, and selling it for a higher price later while earning dividends for holding on to it.
The dividends you earn can be a great source of passive income which makes this method a staple amongst crypto traders.
But, can you do this at the convenience of your phone? Yes.
StackofStake is a mobile application that lets you trade and stake on cryptocurrencies. Creating an account is free but the platform takes a percentage of the reward as a fee.
So, how does it work?
Sign up to create an account on the platform. Once done, you will receive an email to activate your account.
You’d need to enable two-factor authentication so that your account is secured. Then, you can start choosing the cryptocurrency you want to invest in.
Once you have deposited the funds, you can sit back, relax, and enjoy your passive income.
The app works like a custodial staking platform. It protects your assets in their system which means that you have no full control over your currencies.
This is the only downside to using StackofStake. Other than that, it has a lot of benefits such as instant rewards, no deposit limits, and hassle-free staking.
If you want to earn extra coins, then you can complete small tasks like watching advertisements, completing captchas, or playing games through faucets.
Cryptocurrency faucets are platforms where you can check out these small tasks that payout coins. There are mobile apps for faucets such as:
Take note that payouts on these platforms are small. So, if you want to earn more, you just have to sign up to as many faucets as you can handle.
There are also mobile apps such as Claim Multi Faucet – Coinpot & More that let you manage your crypto faucets and claim your rewards easily.
That way, you don’t miss out on tasks and receive your incentives on time.
Start Making Money Using Your Phone
It is undeniable that the pandemic had a massive impact on many economies.
Despite financial drawbacks, there are still ways to survive and thrive in this time. Cryptocurrency is one of the alternatives that many people turn to earn extra income.
Access to the crypto market is becoming easier thanks to technological advancements. People can now efficiently venture into crypto using just their phones!
So, if you’re looking to get more income especially during this pandemic, then it’s best to check out the crypto market and see how it can be profitable for you.