Ten ways to profit from crypto

Learn about Airdrops, Crypto Affiliate Programs, Bug bounties, Staking, Lending and other ways to profit from crypto.

1. Airdrops

An airdrop is a marketing activity by a new crypto project. A small amount of crypto is sent out for "free" to increase awareness. It's not entirely "free" as you may need to do some promotional work like retweeting a post, sharing a link with your network, etc. If you want to bypass this work, you can signup for automated services.

2. Crypto Affiliate Programs

Most crypto exchanges, trading platforms, and wallet services offer commissions if you refer new customers to them. All you need to do is signup for a referral code and then share links to your social networks. 

3. Bug bounties

Many projects pay serious money if you find bugs in their platform/code. This requires a ton of "hacking" talent.

4. Learn Crypto - Earn Crypto

Some cryptos pay you to learn about them. This is great because you are getting paid to learn interesting stuff! All you need to do is watch some videos, take a quiz, and get rewarded in the crypto you have just learned about. A great place to start is https://coinmarketcap.com/earn.


HODL is an acronym for "Hold on for Dear Life". Most bitcoin investors I know fall under this category. So while they don't "book" profits, their net worth has been skyrocketing. You really need to be a "believer" and a long-term player for this.

6. Dividends

Some crypto assets pay dividends similar to how companies pay dividends to shareholders. An example is KuCoin, a crypto exchange that pays 50% of all trading fees as dividends to Kucoin Shares (KCS) holders.

7. Staking

Bitcoin uses "mining" to validate transactions. This costs a huge amount of electricity and computational power. Many other cryptos (e.g. TRX, XTZ, ATOM, VET, ALGO) use a more eco-friendly way of validating transactions - proof of stake. This requires you to temporarily "lock" your crypto in a wallet or exchange.

The annualized reward rates can go all the way up to 96%. 

You can checkout the staking rewards for various cryptos at: https://www.stakingrewards.com

8. Day trading

People gamble on a lot of things - horse races, dog races, lotteries, and even cockroach races! In fact, there are many "prediction markets" out there for gamblers. Well, day traders gamble on cryptos. This is probably the riskiest way to try to make money. Most day traders I know barely break even.

9. Lend cryptos

You can lend your crypto and earn interest. Check out the rates here: https://coindcx.com 

10. Provide liquidity

Providing liquidity on Decentralised Finance (DeFi) platforms is an excellent, though slightly complex, way of profiting from crypto. You can get started with Uniswap, an automated liquidity protocol. Each liquidity pool has a smart contract to enable swapping tokens and adding liquidity. Savvy investors can provide liquidity and earn trading fees with protocols like Uniswap.

Next: How to keep your crypto safe