Many people might be wondering about
Cryptocurrencies.
I have done a lot of web browsing and Xploring various legit methods regarding the topic.
1st Question that arises in one's mind is
WHAT IS CRYPTOCURRENCY?
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.[1][2] It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems.[3] When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
Now, you may be wondering that there are many cryptocurrencies, for example, Bitcoin, Ethereum, Litecoin, etc. Do note that Bitcoin and other variants like Bitcoin Cash are different and do not get confused that they are same.
WAYS TO EARN CRYPTOCURRENCIES
1) Mining
For Mining to work, one should have dedicated GPUs with high processing abilities and investing in them is a huge investment, however the returns are also worth it.
There are mining pools and one can join them. For that, you will need the Windows OS / Linux OS and need to be having certain hardware and software requirements.
2) Completing Tasks which pays in Cryptocurrencies
I have tried this option and it does work. The tasks includes Completing Surveys, Completing Jobs, Data Entry, Install Apps, Play Games, and Watch Videos.
There are many legit sites which provides it but i have tried for the following:
This site offers payout in many different cryptocurrencies and once you accumulate a minimum value of the cryptocurrency to be eligible to transfer without any transfer fees, you can transfer it in your wallet. I have tried installing apps, some are games, also tried with the watching videos, filling surveys.
The tasks have certain reward points and each points have a conversion value according to the currency you set in your account. If you start any task, make sure you take screenshots of the tasks completion, in case if the reward points doesn't immediately reflect in your account.
2) Cent (For Etheruem)
This site is different from the
Earncrypto. This site encourages users to create content of their own and has a similar structure as of Twitter.
(Will explain later in detail, the Xploration is still a work in progress).
3) Telegram Bots
A)
ETH Trend - This one is
Legit and gives instant Payout. You have no requirement of referrals and waiting period of 30days or so. The only criteria is to have a minimum value of Ethereum to be withdrawn. This criteria is there because of avoiding the handling charges such as transaction charges and other charges. You need an Ethereum wallet address. I'm using
Coin Switch app because it gives me wallets for all the supporting Cryptocurrencies and thus i can directly sell them without much hassle.
B)
ETH EvenOdd - This one is also similar to the
ETH Trend and is also
legit and gives
instant withdrawals. These are based on betting. I would suggest to bet the minimum one to getvidea and then get the hang of it first. Then when u win the bet, you get 185% of what u have betted.
This is a very vague area which I'm currently investigating and will update as soon as i confirm the legitimacy of the method.
Now the question arises that as a beginner which cryptocurrency to follow and how to track the value earned.
There are some specific wallets for the specific currencies but i would recommend the
Coin Switch app which gives you market insight in Indian Currency
(For Indian Users) and
Gemini App
(For Global Users including Indians).
The Coin Switch app provides you with the wallets of the cryptocurrencies and you can use it directly to Trade Off in the required currency (USD or any other).
The Gemini App also is a similar one. (Will explain later in detail, the Xploration is still a work in progress).
For Now, one can do the following:
1) Install Coin Switch app, Complete the Verification, you will get some bonus amount as Bitcoin (as a referral reward from this link)
2) Sign Up on Earncrypto and complete some tasks daily. You can accumulate the required amount in around 10 days.
4) Wait for the value of the Cryptocurrency to increase in value to earn more value and then you can Sell it. The amount will be deposited in the linked Bank Account.
* - FOR THOSE HAVING CREDIT CARDS (In India) -
You can Earn more and Save on Bills using CRED app. This app provides you registration bonus using this link and using this app to pay your Credit Card bills, you receive the same amount of points as your bill amount. Now, these earned points can be redeemed for Cashback, which when received will be given as a payment in your Bill.
There are also other discount vouchers for various exclusive products. They are also offering Bitcoin on Coin Switch app as a Gift.
This is a trusted app as i have been using it since last 1 year.
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