How to Make Money with Cryptocurrency in 2024-The ten best ways to earn passive income

Published: May 07, 2024 at 7:27 am Updated: May 07, 2024 at 7:27 am

In Brief

Cryptocurrency has become all the rage in the last few years. Anyone managing their finances and investment portfolios has wondered how to make money with cryptocurrency.

Of course, the crypto boom has been powered chiefly by Bitcoin. As a result, if you want to make money using Bitcoin. Here is all you need to know about making money with this form of cryptocurrency. In this guide, we will detail 10 simple methods to earn money with cryptocurrencies. By the time you finish reading, you will be ready to start earning crypto rewards!

Here are top 10 Ways to make money with Cryptocurrency in 2024:

1. Cloud Mining

Inccrypto is one of best cloud mining platforms. The firm currently operates five mining farms with participants in over 150 nations and regions. Allowing users to engage in free cloud mining. As a result, they have gained over 320,000 trusted users worldwide.

What makes Inccrypto special?

Sign up to get $50 immediately.

Automated daily payouts.
The free package can be purchased daily.
An affiliate program with 3% lifetime rewards.
Different Crypto contracts to choose from.
No overhead or electricity fees.
24-hour online support.

Contract Term	Contract Price	Daily Rewards	Total Revenue
1 days	$50(Free)	$1	$1
1days	$200	$3	$200+$3
3 days	$500	$9	$500+$27
5 days	$1600	$30.4	$1600+$152
6 days	$5800	$116	$5800+$812

For more information, visit https://inccrypto.com/.

2. Affiliate programs:

Many crypto platforms offer affiliate-marketing programs. By referring new users, you can earn commissions, often paid in cryptocurrency. This method suits those with a significant online presence or network and can be a steady income stream if leveraged effectively.

Joining Inccry’s alliance program allows you to operate it like a boss without investing a single penny and start making money. For instance, if someone invests $1000 in the program using your referral code, you’ll receive $30 for free. With unlimited referrals, your income potential is limitless! So why wait? Register now and start earning by sharing your referral link with friends and family.

To find out more about the affiliate program, you can visit https://inccrypto.com/.

3. Running lightning crypto nodes

The first method to earn passive income would be to run crypto nodes. More specifically, to run a lightning node on the Bitcoin network. This can potentially generate passive income for node operators who earn fees for routing transactions through their nodes. This occurs on Bitcoin’s Lightning Network (LN) — an L2 scaling solution allowing faster and cheaper transactions.

4. Staking

Crypto staking is a method of investing in cryptocurrency that entails keeping a set number of coins in your wallet for a set period. As a result, your crypto investments can generate passive income. The amount of interest you can earn is determined by the cryptocurrency and the number of coins you stake.

5. Liquidity mining

Moving on, liquidity mining is another popular way to earn passive income from cryptocurrency. This has become popular due to the rise of decentralized exchanges (DEXes) and swap pools. Essentially, DEXes require liquidity pools that are used to facilitate transactions of a certain token. These tokens come from community members, called liquidity providers. They deposit their tokens into a liquidity pool, which is just a smart contract for the DEX. In exchange, users receive passive income for contributing to running the DEX.

6. Decentralized crypto lending

Crypto lending is one of the most popular ways of earning passive income in the entire industry. Similar to liquidity mining, with this method, all you have to do is deposit your crypto into a lending pool.

7. Airdrops

Another popular way of earning cryptocurrencies passively is participating in airdrops. Airdrops are performed by crypto projects or sometimes crypto exchanges. What this means is that they will send free cryptocurrencies to users who fulfill certain requirements. Airdrops are often performed by new crypto projects that seek to distribute their assets. Often, such projects may be supported by exchanges or other larger projects.

8. Crypto games

Halfway down the list, we have one of the most enjoyable ways to earn passive income in crypto. That is to play crypto games. Most crypto games today adopt the Play-To-Earn (P2E) model, meaning you can earn while playing. Different games offer different deals. Some of PvP games reward you for winning matches against other players. Other games let you mine or collect valuable resources and earn them by selling them.

9. Master nodes

We spoke earlier about operating crypto nodes when we mentioned the Lightning network and its nodes. However, you can also find a blockchain network like DASH that has something called a Master Node. These master nodes are crypto nodes that can receive rather large payouts. They do not earn transaction fees but a portion of blockchain rewards.

10. Dividend-earning tokens

In tenth spot, we have dividend-earning tokens. As the name suggests, these are crypto tokens that have some regular dividend rewards for their holders. Although this is not common, certain tokens have this mechanism built into their code. One example is VeChain (VET); you earn Thor (VTHO) by holding it. Alternatively, you can get KuCoin Shares (KCS), which will grant you a share of KuCoin’s transaction fees.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.