Cryptocurrency has been around for over a decade and is quickly becoming a popular way to make money online. The cryptocurrency market is extremely lucrative. There are many ways to make money with cryptocurrency, including cloud mining, alliance programs, staking, liquidity mining, airdrops, and more.
In 2024, the cryptocurrency market will continue to offer innovative opportunities for generating passive income. With advancements in blockchain technology and the rise of digital assets, opportunities to make profits without active trading are easier than ever. This comprehensive guide looks at the ten best strategies for earning passive income through cryptocurrencies.
Here are the top 10 ways to make profit with cryptocurrency in 2024:
1. Cloud Mining
Inccrypto is one of the best cloud mining platforms. The company currently operates five mining farms with participants in more than 150 countries 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 payments.
- The free plan can be purchased daily.
- An affiliate program with 3% lifetime rewards.
- Different Crypto contracts to choose from.
- No overheads or electricity.
- 24-hour online support.
Term of contract | The contract price | Daily Rewards | Total income |
1 day | $50 (free) | $1 | $1 |
1 day | $200 | $3 | 200$+3$ |
3 days | $500 | $9 | $500+$27 |
5 days | $1,600 | $30.4 | 1600$+152$ |
7 days | $5,800 | $116 | $5,800+$812 |
For more information, visit https://inccrypto.com/.
Many crypto platforms offer affiliate marketing programs. By referring new users, you can earn commissions, often paid in cryptocurrency. This method is suitable for those with a significant online presence or network and can be a stable source of income if leveraged effectively.
Joining Inccry's alliance program allows you to run it like a boss without investing a single cent and start making money. For example, if someone invests $1,000 in the program using your referral code, you will receive $30 for free. With unlimited referrals, your earning potential is unlimited! So why wait? Sign up now and start earning by sharing your referral link with your friends and family.
To learn more about the affiliate program, you can visit: https://inccrypto.com/.
3. Liquidity Extraction
Besides, liquidity mining is another popular way to earn passive income through cryptocurrencies. This has become popular due to the rise of decentralized exchanges (DEX) and swap pools. Essentially, DEXs require liquidity pools 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 to contribute to the operation of the DEX.
4. Running Lightning Crypto Nodes
The first method to earn passive income would be to run crypto nodes. 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 happens on Bitcoin's Lightning Network (LN), an L2 scaling solution enabling faster and cheaper transactions.
5. Decentralized Crypto Loans
Crypto lending is one of the most popular ways to earn passive income across the entire industry. Similar to liquidity mining, with this method all you have to do is deposit your crypto into a lending pool.
6. Staking
Crypto staking is a method of investing in cryptocurrencies that involves holding a set number of coins in your wallet for a set period of time. 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.
7. Crypto Games
Halfway down the list, we have one of the most enjoyable ways to earn passive income in crypto. It's all about playing crypto games. Most crypto games today adopt the Play-To-Earn (P2E) model, which means you can earn while playing. Different games have different offerings. Some PvP games reward you for winning matches against other players. Other games allow you to mine or collect valuable resources and earn them by selling them.
8. Airdrops
Another popular way to passively earn cryptocurrencies is to participate in airdrops. Airdrops are carried out by crypto projects or sometimes by crypto exchanges. This means that they will send free cryptocurrencies to users who meet certain conditions. Airdrops are often carried out by new crypto projects looking to distribute their assets. Often these projects can be supported by exchanges or other larger projects.
9. Dividend-generating tokens
In tenth place we have dividend generating tokens. As their name suggests, these are crypto tokens that provide regular dividends to their holders. Although not common, some tokens incorporate this mechanism into their code. An example is VeChain (VET); you gain Thor (VTHO) by holding him. Alternatively, you can get KuCoin Stock (KCS), which will grant you a share of KuCoin's transaction fees.
10. Master Nodes
We talked earlier about how crypto nodes work when we discussed the Lightning Network and its nodes. However, you can also find a blockchain network like DASH that has what is called a master node. These master nodes are crypto nodes that can receive fairly large payments. They do not earn transaction fees but a portion of blockchain rewards.