Easiest Ways to Earn Crypto
The other day I made a video that showed how you can earn some extra crypto by using Steemit and LBRY.
Those platforms are certainly more appropriate for people who have a knack for writing, taking photos or creating videos.
Granted, not everyone was blessed with those skills, so here are some much more passive ways you can earn crypto currency.
Ark
ARK is a project that deserves a more in-depth look than what I’ll be providing today and I will be giving it better coverage in the near future, but for now let’s focus on how you can use this platform to passively earn some crypto.
ARK uses Delegated Proof of Stake consensus.
This means those who work to secure the network and get rewarded for it need to be voted in. These delegates reward those who vote for them by giving them payouts of the ARK coin. These payout schedules and amounts will vary depending on that delegate’s proposal and how many coins you hold in the address that you’ve voted with.
With this one it’s pretty easy.
You do need to purchase the ARK coin.
You can do this with exchanges like Bittrex, Binance and Cryptopia.
You’ll then need to download the desktop client wallet.
Once you’ve deposited your ARK into this wallet you are able to place a vote.
Keep in mind that each address you have on this desktop wallet is able to vote for one delegate, so if you want to vote for multiple delegates you’ll need to be holding ark in multiple addresses on the wallet.
I’ve provided links down below that show you how to download the correct wallet, how to find the delegates and their proposals, and how exactly to cast your vote.
Again, there’s much more to say about this voting system, how it works and also of course the Ark project itself.
I will be going more in depth on this one in the future so keep an eye out for that one.
Now I want to show you an even easier way to earn crypto by just holding the right coins in the right wallet.
SmartCash
They offer what are called SmartRewards. It is very similar to a masternode in that they reward you for longterm storage of their coins, but the set up for this one is incredibly simple.
All you need to do is download their wallet, it’s available for Mac, Linnux and Windows.
You can purchase Smartcash on exchanges like: Cryptopia, CoinExchange and HitBTC.
In order to receive the SmartRewards you’ll need to store at least 1000 SMART, at this point in time that will cost about $170.
The payouts of the SmartRewards occur once a month.
If you wish to receive these rewards you’ll need to get your coins into this wallet before the 25th of the month and hold them there for 30 days. If you transfer your funds after the 25th you’ll have to wait about 60 days to receive the payout. Also if you take any funds out of this wallet, even if the balance is still 1000 coins or more, you’ll be ineligible to receive rewards for that month. If you add funds to the wallet you’ll still receive your rewards, but the new balance won’t affect the amount of rewards you receive until the following month.
You don’t need to have this wallet running to receive your rewards either, once you open the wallet and it syncs to the blockchain you’ll see your payouts show up.
The rewards come from the 15% allocation of the block rewards and are distributed among all addresses that qualify for the rewards and are proportional to how many coins are held in the wallet.
NEO
This one is probably the easiest way to accrue crypto.
There is no minimum amount required and you’re free to withdraw from this wallet and still receive a payout as long as there is a balance of NEO in the wallet.
You can purchase NEO from Binance, Bitfinex, Bittrex, CoinEgg and a long list of other exchanges.
From there you’ll need to download their NEON wallet. Once you transfer your coins, no matter the amount, you’ll begin receiving payouts in the form of their GAS token. These payouts are proportional to the amount of NEO you’re holding in the wallet, and like SmartCash, you don’t need this wallet open and running to receive these payouts.
I know that I’ve just begun to scratch the surface for these coins and there’s plenty more to learn about them, but now that you’ve gotten a heads up, go ahead and do your own research to decide if they’ll work for you.
Next up on my list for this video series will be masternodes so keep an eye out for that one coming in the next few days.
Additional Reading/Sources:
Ark Website
ARK coin info
ARK DPoS and Voting Explained
Directions on How to Vote for ARK delegate
ARK Delegates and Proposals
SmartCash Website
SmartRewards Explained
SmartCash Wallets
How to Purchase
Looking into this right now as I have some spare time! I was accidentally holding some NEO so I installed the NEON Wallet right away. Everything seems pretty straight forward and I am looking forward how it goes :)
As for ARK, I also accidentally bought some the last couple of days and am just looking into the whole voting system and what not. It's quite interesting and I am trying to read up on a lot but not quite sure what makes a good delegate. Looks like it doesn't really matter much..?
Thanks for sharing though! Looking forward to earning easy, hehe.
Hopefully your accidental crypto buys turn out to be great choices! :)
I'm also not sure really what qualifies as a "good delegate" to vote for other than finding one that pays well. Good luck diving deeper into that one, Cheers to making life even easier!
I hope so too! Never heard of these ways before, so I am already grateful for the enitre 0.000-something GAS I've earned so far :')
Looking forward to any of your future ARK posts!
Happy new year!
Awesome 👏 thanks for the info I'm gunna do some research now :)
Didn't know those things on Ark and SmartCash .. will have to try them out!
DIdn't Know about Ark too,but SmartCash has been really great,already received the rewards in 2 or 3 months,and the community is really nice. :)
Very useful information, thanks for sharing
Here are a few other methods to gain some crypto on the side for anyone interested.
No investment needed methods:
-EarnCrypto: Earn the crypto of your choice (67 to choose from with more being added over time) by running videos with ads in the background.
https://www.earncrypto.com/earn-free-litecoin/?r=105834
Earn Free Crypto For Running Videos With Ads In The Background! 3 Days Left For The +30% Bonus on AdWall Videos (Bonus Ends Dec 25th)
https://steemit.com/cryptocurrency/@budz82/earn-free-crypto-for-running-videos-with-ads-in-the-background-3-days-left-for-the-30-bonus-on-adwall-videos-bonus-ends-dec-25th
-Storjshare: Rent out your extra hard drive space for monthly payments in Storj tokens.
https://storj.io/share.html
How To Rent Out Your Extra Hard Drive Space For Money Using STORJSHARE In 3 Easy Steps
https://steemit.com/cryptocurrency/@budz82/how-to-rent-out-your-extra-hard-drive-space-for-money-using-storjshare-in-3-easy-steps
-Browser Mining: Mine cryptos directly through your browser in the background.
https://coinpot.co/
How To Start CPU Mining Bitcoin, Bitcoin Cash, Litecoin, Dash or Dogecoin Using Your Browser Within Seconds!
https://steemit.com/cryptocurrency/@budz82/how-to-rent-out-your-extra-hard-drive-space-for-money-using-storjshare-in-3-easy-steps
Sidenote: All 3 of these methods can be done at the same time on the same device, and can also be done on multiple devices (computer, laptop, cellphone) at once if you want.
Investment needed methods:
OMG: OmiseGo will be adding staking to their coin in July 2018 (so a bit down the line but this will become available in the somewhat near future)
The EarnCrypto platform firstly only gives you Litecoin, and secondly, gives you such a miserable amount of points for every action, that are then converted in an even lower amount of Litecoin (like 0.00033 per 1 point or so). Finally, most videos that you'll load are lagged, take time to load, and don't always count...
I'd honestly rather make money here on Steemit than there
First off you can choose the coin you want as a reward (again it has 67 active cryptos, you just obviously don't know how to change your main coin). Second I personally get ~$5/day for 1 computer which is far more then I get from staking my NEO or GPU mining (and if you farm a crypto you know will 10x in value next year that $5/day will become $50/day once the price rises to your expected value). Lastly the videos load fine in Chrome, and you get paid every 3 ads not every 1 ad (so again your impatience is mostly based on not fully understanding how the platform works).
But yes overall I agree Steemit can make far more profit then all the rest (but again you can run EarnCrypto, Coinpot and Storj in the background WHILE using Steemit, so I really don't see where the negative is).
Thank you for info
Incredibly bullish on NEO. Dubbing it the "Ethereum" of China is appropriate, but I also feel that label underestimates its full potential.
NEO has an extensive pipeline of ICO's in the works, it's structured in a bit more of a centralized manner – which is actually advantageous considering they are operating within the Communist Party's domain in China – and the amount of developers working on NEO's platform is growing very rapidly.
At the end of the day, whichever platforms have the most activity (development) are the most valuable and the market will price this reality in rather quickly. The fact that NEO holders can garner GAS tokens by staking their tokens is just icing on the cake.
Not as bullish on Smartcash, but it does offer an interesting speculation and masternodes are amongst the cheapest. A "smart" speculative play with what seem to be a passionate support base, including some of my friends who are working to convince me!
Greaat tips, but ARK,NEO and SMART cash, what would be future impact of these? I totally get how STORJ,GOLEM,STEEM,ETHERERUM,EOS all create tokens and rewards the users/minors. But what is the value added by holding this token for the "company" Some of them doesnt make sense
Tomorrow is the date that starts the SmartRewards, boys, it's time to buy now. SmartCash is a great community, and has a lot to offer everyone.
Thank you for the information. I had never heard of any of these before.
Pretty new ways presented that i didn't yet know about them. And this is a starting point to learn and educate more about the presented programs. While something still bugs me about these passive incomes is how come they are will to give so big rewards (like 15%) just for storing the coins in your wallet. It seems quite big too me, but probably there is a risk associated with this as well.
Nice post, thanks for sharing these new options on crypto investments!