Wednesday 26 December 2018

Profiting with Crypto Currencies

Crypto currencies have seen big rise and falls over the years but earning them has not been so easy for so many people who do not have the equipment for mining or who do not know about mining or people not interested in mining. Here are few alternate options to earn crypto currencies.

This blog will be constantly updated with legitimate programs and sites, so please do bookmark it.

Let us first see some of the wallets where you can buy and sell Bitcoin.

Localbitcoins.com
Unlike most crypto currency exchanges, Localbitcoins is a peer to peer exchange, where you buy and sell Bitcoin (and few other popular altcoins) from fellow members. The biggest advantage with Localbitcoins is that, you can trade with people in your own country in you local currency safely without getting scammed. This is way safer than trusting brokers. Localbitcoins can be used as a wallet as well. The advantage of using it as a wallet is the fee is very low when compared to the popular wallets online. Localbitcoins also has an affiliate network where you can earn commissions. Localbitcoins is available worldwide. Do note that there are scammers (few members) in Localbitcoins. It is always better to use the escrow within Localbitcoins and never trade outside of Localbitcoins if trader insists on trading outside in which case its probably to scam you. When you open a trade to either buy or sell, the BTC is locked in the escrow of Localbitcoins and on successful verification of funds received, BTC should be released.

Paxful.com
Paxful is another peer to peer exchange similar to Localbitcoins. Paxful also has an affiliate program with which you can earn BTC. It is also available worldwide. You can earn 2% of your referrals' purchase lifetime. Affiliate earnings can be withdrawn/traded instantly.

Coinbase
Coinbase is one of widely accepted Crypto Currency wallet. You can use it as a wallet for multiple crypto currencies like Bitcoin, Litecoin, Ethereum, Ethereum Classic and Bitcoin Cash. Coinbase is available in 42 countries. Coinbase is also used by many online crypto currency programs.

Blockchain.com
Blockchain is the most popular and the most accepted Bitcoin wallet worldwide. It can also be used as a Ethereum wallet as well.

MyEtherWallet
MyEtherWallet is an open source Ethereum (ETH) wallet and is also the most popular one. MEW can also be used to accept tokens from different ICOs, Bounties and Airdrops.

Let us now look at some of sites/programs to earn free crypto currencies.

Freebitco.in
The most popular bitcoin faucet which has been running for many years now. You can earn up to $200 worth of BTC every hour. It is next to impossible to get $200 every hour but earning few Satoshi (1 Satoshi equals 0.00000001 BTC) every hour does not hurt. You can also win BTC from contests and lottery.

FaucetHub
One of best site to earn some free crypto currencies. You can complete various tasks and earn different crypto currencies. You can then withdraw to your respective crypto currency wallet.