The following is a guide on how to earn digital currency online in 2020. This guide lists five ways.
Earn Digital Currency Online through Trading
You can earn digital currency online through trading on peer-to-peer (P2P) exchanges like Paxful. Trading could mean that you are exchanging one digital currency for another. Instead of getting paid in your local currency for selling bitcoin for a profit, the buyer can pay you in another digital currency like ether.
Trading on P2P exchanges could become a full-time job and earn you a living. On Paxful, for instance, you can post your sale offers and wait for users to buy from you. To increase your sales, you should have good feedback from users you have traded with previously, your selling price should be attractive, and you should have a high trade volume.
Furthermore, you can earn crypto by selling the gift cards you are not using. Some of the gift cards you can sell on Paxful for crypto include iTunes, American Express, Nike, Sephora, and Macy’s.
Participating in Affiliate Programs
Affiliate programs are arrangements where individuals earn commissions in crypto for onboarding new users. Such programs are great opportunities to earn extra income, especially if you believe in the company’s service or product.
For example, you can earn 50 percent of the escrow fee on Paxful when your friends (tier one affiliates) buy bitcoin on the platform. Additionally, you can earn ten percent of the escrow fee when your friends (tier two affiliates) purchase bitcoin on the P2P exchange.
Paxful pays commissions in bitcoin. Once you have earned at least USD10 in BTC, “you can cash out your earnings into your Paxful wallet anytime.”
To become a successful affiliate, you should understand the product or service you are recommending to your friends. Also, it would be best if you are a user of this product or service. People are more likely to try out an exchange, for instance, if you can prove that it is working for you.
Joining the Paxful Ambassador Program
Paxful’s ambassador program is suitable for individuals that believe in the P2P exchange and financial freedom. As an ambassador, your job is to tell as many people as you can about Paxful and to help them become users.
The initiative has three levels: peer, ambassador, and associate. Each level has several benefits and specific tasks that individuals should accomplish. For example, you will earn $5 as a peer each time your referrals complete their first trade on Paxful.
Individuals that join this program are eligible for affiliate program earnings. Furthermore, you will be invited to all Paxful events in your region, giving you a chance to increase your crypto knowledge and build your network.
Freelance Writing
Writing for crypto companies is another great way to earn digital currency. You can find freelance writing opportunities with crypto news sites, exchanges, crypto projects, and blockchain companies.
Crypto writing gigs can pay you in cryptocurrencies or company tokens. When it comes to the latter, ensure that you can easily exchange it for major cryptocurrencies before accepting payment.
You can apply for crypto freelance writing opportunities on Crypto Jobs, Cryptocurrency Jobs, Freelancer.com, Crypto Jobs List, Upwork, and Simply Hired.
Becoming a Crypto Social Media Influencer
If you are a crypto enthusiast with a large following on social media, you can advertise crypto products and services in exchange for digital currencies.
When advertising for crypto companies, ensure that you understand their product or service. Alternatively, use the product or service first before recommending it to your audience. To start earning digital currency online as a crypto influencer, you should actively reach out to companies with pitches.
With these five methods of earning digital currency online in 2020, you can start making extra income in the comfort of your home. All you need is a multi-coin wallet, a computer, a smartphone, and an internet connection.
Next, read where to purchase bitcoin in Africa by learning the difference between P2P marketplaces and centralised exchanges.