3 Ways to Earn Cryptocurrency
Updated: Feb 2
Over the last couple of years, the world of cryptocurrency has become a raging success. When Bitcoin was created back in 2009, very few people could foresee its success. However, it has managed to expose flaws within the financial industry and generate a robust following.
Between 2012 and 2020, Bitcoin has gained by over 193,639%, with billions of dollars’ worth of bitcoin transacted daily.
As bitcoin grows in popularity, its value increases and provides passive income for many. Here at Honeygain, we give you a chance to earn extra money and increase your bitcoins through our BTC payout method.
Let us look at how you can earn bitcoin and create a passive income source with our money-making app.
Why You Should Consider Earning Bitcoin
Cryptocurrencies run on a decentralized network based on blockchain. It allows you to make or receive secure payments without going through a financial institution or using your name. Once the use of cryptocurrency becomes more widespread, you will be able to:
Enjoy autonomy. You can make transfers without the need for a third party, such as a bank or a credit card company.
Carry out peer-to-peer transfers - you will not need approval from external authorities when carrying out a transaction.
Protect your identity - your transfers will not be directly linked to your identity.
Avoid banking fees - you will not be required to pay bank fees such as account maintenance or minimum balance fees, overdraft charges, etc.
Enjoy Low Transaction Fees - without the use of financial intermediaries, transaction costs are kept low. You are also spared the inconvenience of settlement delays and authorization requirements.
Access to mobile Payments - you will be able to carry out your payments as long as you have internet access.
As a bonus, you will be able to earn free cryptocurrency through networks such as Honeygain. It allows you to make money by renting out your internet data to companies for brand protection campaigns, SEO monitoring, and much more.
Earn Free bitcoins ⬇️
3 Ways to Earn Bitcoins
There are several ways for you to get cryptocurrency. All you need is information, commitment, and the right tools. If you are a cryptocurrency newbie, we can help you get free bitcoins and earn smart passive income through our BTC payouts.
1. Buying and holding Bitcoin
This is by far the safest way for you to earn cryptocurrency. Some people are lucky enough to get free crypto. However, if you are not, you can always buy your own cryptocurrency.
Buying and holding bitcoin can become a full-time job. You will need to keep an eye on the market and identify the best time to trade.
This method requires a lot of practice, research, and vigilance. You will need to learn how to read and analyze charts, play the highs, and lows and identify scams. If this seems like too much work, you can enlist companies that deal in cryptocurrency exchange. This will make it easier and safer for you to enter the market. You can buy what you are comfortable with and hold it till the value increases.
After all, if this seems like too much work, you can use Honeygain money-making app to earn bitcoin. Download ⬇️
2. Mining and staking bitcoin
All cryptocurrency must be validated before it becomes available to the market. You can earn cryptocurrency by validating blocks through mining or staking. Essentially, there are two ways of validating blocks:
Proof of Work. (POW)
Proof of stake. (POS)
Proof of work refers to mining. You will be required to validate blocks of transactions by solving complex mathematical equations. The first person or group to validate the cryptocurrency gets free cryptocurrency. They are rewarded with a fraction of the currency they have validated.
Mining often requires a substantial investment in high-end equipment. However, you can join a mining network and work with other people to validate the crypto and split the rewards.
On the other hand, proof of stake allows coin holders to earn interest for supporting the network. To get a POS, you need to invest by purchasing an amount of cryptocurrency and creating a wallet.
Depending on the amount of currency you put into staking, you will be chosen to validate the transaction and get free bitcoin. The higher your stake, the higher your chances of being chosen.
3. Passive income
You can earn free bitcoin through passive income. Passive income refers to revenue generated with little or no effort on your part. One simple way of doing this is by holding the Bitcoin that you already have until it increases in value.
Additionally, you can earn passive income through Honeygain. Honeygain is the first app of its kind that enables you to earn money simply by sharing your internet data. Don’t worry, your data is perfectly safe. Different companies use your data for marketing or research purposes while you get paid.
You can choose to get paid by cash or opt for the new BTC payout method and earn free Bitcoins.
You can also earn bitcoin by using Honeygain.
Start getting free bitcoins ⬇️
How to earn free bitcoin with Honeygain
Honeygain is a crowdsourced network that allows you to make money by sharing your internet connection. Our web intelligence infrastructure employs devices and internet connection to help you make passive income.
Recently we introduced a new payout method known as BTC wallet payments. These payouts are designed as an alternative to mining. Instead of spending thousands of dollars on mining equipment, you can get free bitcoin cash instead. You can make bitcoins as you make your passive income. All you need to do is use Honeygain’s safe and secure money-making app to earn free BTC.
Now that you know how to earn bitcoin with Honeygain, you can use your Free BTC to start your cryptocurrency investment.
Despite the success Bitcoin has seen over the years, the market is still uncertain: it calls for a lot of vigilance, commitment, and research. Luckily, with a bit of guidance, you can learn how to get bitcoins.
Honeygain offers you a chance to get cryptocurrency and create smart passive income at the same time.
Join Honeygain now ⬇️
Use code 'sweetmoney' to redeem $5 into your Honeygain account!