4 Ways To Make Money With Crypto – 2023 Edition

As a crypto enthusiast, you’re well aware of the benefits that come with owning some form of cryptocurrency. If you’re like most crypto holders, you’re in it to win it – in other words, to make more of it, either through active or passive means.

If you haven’t already, here are some ways you could earn money with crypto to try:

1. Online casinos

If you feel like riding the odds to find out if Lady Luck is on your side for the day, online casinos are an option to consider. Since the industry is rapidly adopting cryptocurrencies as an officially supported payment method, the number of casinos that accept it is increasing day by day. The best online casino payouts and bonuses tend to be found at crypto-enabled casinos, although this is not meant to be a stable form of income for crypto holders due to the inherent swingy and volatile nature of gambling. Still, you get to counterbalance the randomness of the wins with the excitement of playing as well as the social aspect of it if you’re playing at a live casino.

2. Freelancing

Another way to make money online that’s picking up steam in the crypto community is by signing up to do project-based work as a freelancer. Nowadays, there are dedicated freelancing websites where you get paid in crypto exclusively – since new ones keep popping up every day, it’s best to Google this if you want to get the most up-to-date list. Other than that, they function very much like traditional freelancing sites where you get paid in exchange for completing tasks that fall within a broad range of categories like writing, illustrating, coding, or even hourly tasks such as working as a virtual assistant.

Nowadays, certain freelancing websites offer cryptocurrencies as a form of payment, welcoming experts of various kinds to sign up.

3. Playing games

If you think that making money playing games in the crypto space is too good to be true, the answer depends on what you’re looking to get from it. While it almost certainly won’t replace your real job, you’d be surprised how well games like Axie Infinity and Crypto Kittens pay out if you dedicate a large portion of the day to playing them. For someone living in a western civilization, it’s probably nothing more than beer money, but if you’re living in a developing country, these could potentially be life-changing gains.

4. Staking

Crypto staking is putting your funds to work by locking them in for a certain period of time, similarly to what a traditional bank would offer you as part of the savings account offerings. However, crypto staking typically brings much higher yields. If the cryptocurrency you’re holding uses a proof of stake blockchain, your crypto assets contribute to the network’s security, all while earning you an annual yield of 5-20%. It’s a passive way to let your capital appreciate in value over time, although it does carry some risks. Since you’re locked in for a certain period of time, there’s no way to cash out or convert your crypto funds if the general crypto market is headed for a crash, to name one example.

Conclusion

These methods of earning cryptocurrencies are by no means conventional, but they are certainly something that’s worth exploring if you’re a crypto holder or thinking of becoming one in the near future. As always, do your own research before investing your time or resources because there are certain risks associated with some of the methods we’ve shown you today. Other than that, the world is opening up to the concept of crypto, so more methods like these should pop up at some point in the future.

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.